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Appaloosa Management's David Tepper knows how to skillfully navigate crises, reason enough why he remains one of the most successful and richest hedge fund managers in the world. Eight years later in the aftermath of the dot-com crash, he went all in, betting on distressed credit that later rebounded dramatically. The billionaire investor closed his fund to new investors soon after it scored hefty returns and he rose to fame. Tepper said in 2019 that he planned to convert Appaloosa into a family office. As of the end of the first quarter, Appaloosa's top equity holdings included Alphabet , Amazon and Uber.
Persons: David Tepper, Tepper Organizations: Carnegie Mellon, Global, National Football League's Carolina Panthers
Defendant and son of Colombian president Gustavo Petro, Nicolas Petro attends a hearing in Bogota, Colombia August 3, 2023 in this screengrab taken from a handout video. Colombian Prosecutor's Office/Handout via REUTERSBOGOTA, Aug 4 (Reuters) - Both the prosecution and the defense in a money laundering and illicit enrichment case against Nicolas Petro, the eldest son of Colombian President Gustavo Petro, on Friday requested house arrest for the younger Petro. Petro, 37, was arrested last weekend in the city of Barranquilla alongside his ex-wife, Daysuris del Carmen Vasquez, who is being held on similar charges. Both prosecutor Burgos and Petro's defense attorney David Teleki supported a house arrest measure in a morning hearing, with Teleki citing the impeding birth of Petro's child with his current partner. According to the charges, Nicolas Petro received money from accused drug traffickers in exchange for including them in the president's peace plans.
Persons: Gustavo Petro, Nicolas Petro, Petro, Daysuris del Carmen Vasquez, Mario Burgos, Burgos, David Teleki, pained, Luis Jaime Acosta, Julia Symmes Cobb, Alistair Bell Organizations: Colombian Prosecutor's, REUTERS, Teleki, Thomson Locations: Bogota, Colombia, REUTERS BOGOTA, Barranquilla, Atlantico province
It's been a busy summer for Goldman Sachs' partner departures. Two more farewell memos went out on Tuesday, including for Lisa Opoku and David Rusoff. Just weeks after reporting a 58% drop in profit, the Goldman Sachs CEO was hit with a wave of high-profile defections that bring the number of partners who have left under Solomon to 90. Opoku worked as global head of the Goldman Sachs Partner Family Office, which oversees the firm's wealth management offerings for current and retired Goldman Sachs partners, managing directors, and alumni. In her current role, Lisa oversees the firm's wealth management offerings for current and retired Goldman Sachs partners, managing directors and alumni.
Persons: It's, Goldman Sachs, Lisa Opoku, David Rusoff, Julian Salisbury, Takashi Murata, David Solomon, Solomon, Goldman, — Lisa Opoku, David Rusoff —, pare, Tammy Kiely, Frederick Baba, Dina Powell McCormick, Opoku, Marc Nachmann, Kathryn Ruemmler, Rusoff, Ken Griffin's, Peng Zhao, David Thomas, Goldman's, Thomas, Shawn Fagan, Lisa Organizations: Asia Pacific, Global Banking, Markets, Citadel Securities, Citadel, Engineering, Securities Division, Commodities Bank, Black Network, Advisors, Black Economic Alliance, Firmwide Locations: Hong Kong, Asia, New York, London, Americas
A Soup and Salad That Beat the Heat
  + stars: | 2023-08-01 | by ( David Tanis | ) www.nytimes.com   time to read: +1 min
Right now, at the market, you’ll probably find fresh shelling beans piled high in their pods. While you’re at it, scout the market for ribbonlike Romano beans, also called runner beans or flat beans. Then you’ll need some tender green beans, which can sometimes be a problem. Cooked to perfection, these seasonal treats need only a zesty vinaigrette. For me, the beans are the stars, though for all intents and purposes, this is a vegetable version of salade niçoise.
Persons: you’ll, Romano, I’d
CoCo Lee: Funeral held for singer and actress in Hong Kong
  + stars: | 2023-08-01 | by ( Chris Lau | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —Family and fans bade farewell to singer and actress CoCo Lee at her funeral in Hong Kong on Monday, celebrating a decades-long career that included dozens of successful albums, movies and television shows across the globe. The hearse carrying the casket of singer and songwriter CoCo Lee departs from a funeral home in Hong Kong. Tyrone Siu/Reuters‘Always sunny’Born in Hong Kong and raised in the United States, Lee launched her music career in her birthplace after winning a singing contest. Marvis Lu, 35, was among many fans from mainland China who traveled to Hong Kong for the memorial. Fans leave the funeral of singer and songwriter CoCo Lee, in Hong Kong.
Persons: CoCo Lee, Nancy, , ’ ” Nancy Lee, Lee, Tyrone Siu, Fa Mulan, Mulan ”, Ang Lee, David Tao, Wang Leehom, Vanness Wu, Jin, MC Jin, “ Singer, , Marvis Lu, “ CoCo, Catherine Yang, “ CoCo Lee, Jonathan Serbin Organizations: Hong Kong CNN, Reuters, Getty, Weibo, Warner Music Asia Locations: Hong Kong, United States, Asia, Taiwan, Shanghai, China
Microbial contamination of drugs injected into the body, rather than swallowed, can be deadly, the people said - although the FDA inspectors didn't report any signs of this sort of contamination at the Brussels factory. In both visits, the FDA inspectors found Catalent staff had repeatedly failed to investigate why equipment was malfunctioning. BLINDSIDED BY BOOMING DEMANDWithin months of launching Wegovy, Novo Nordisk was overwhelmed by demand in America, and told shareholders that its initial supply would not keep pace. From December that year and throughout 2022, Novo repeatedly pushed out the timeline for when the supply constraints would end. In late December 2022, Novo announced all five dose strengths were available again in the United States.
Persons: Wegovy, Catalent, Eli Lilly, LLY.N, Susan Bain, Karsten Munk Knudsen, Ambre James, Brown, James, Knudsen didn't, Steven Lynn, Lynn, David Talmage, didn't, Novo, Maggie Fick, Vincent Flasseur, Michele Gershberg Organizations: U.S . Food, Drug Administration, Reuters, FDA, Novo Nordisk, University of Southern, Novo executives, Novo, U.S, Manufacturing, Parenteral Drug Association, Thomson Locations: U.S, Brussels, Danish, University of Southern California, Wegovy, Novo, America, United States
Opinion: Messi mania meets USWNT three-peat fever
  + stars: | 2023-07-22 | by ( Opinion Amy Bass | ) edition.cnn.com   time to read: +7 min
On the other side of the world in Auckland, the USWNT took down World Cup newcomer Vietnam 3-0. It was nonsense to worry about what to watch or whether Messi would upstage the women. MLS chief Don Garber, for one, says he’s not worried about the impact Saudi money could have on the ability of the MLS to expand into markets outside the US, especially as it failed to win Messi. Friday may have been the first time in his life that Messi was someone else’s opening act. The USWNT did what was expected, beating a lesser team in Vietnam, but they also have a lot of work in front of them.
Persons: Amy Bass, Read, Lionel Messi, Amy Bass Rodney Bedsole, Cruz Azul, Messi, Pelé, David Beckham, Cristiano Ronaldo’s, Al Nassr, LIV, Don Garber, he’s, Messi subbed, ” Garber, , , Inter Miami’s, King ” LeBron James, Sophia Smith, , Trinity Rodman, Rodman, Tran Thi, Alex Morgan, Tran Thị Kim Thanh, Captain Lindsey Horan, Megan Rapinoe, David, anyone’s, Brenda Elsey, England, Sam Kerr Organizations: Manhattanville College, CNN, Major League Soccer’s Inter Miami, US, National, Cruz, Leagues, Vietnam, National American Soccer League’s New York Cosmos, Inter Miami, Messi, LA Galaxy, MLS, Saudi Pro, Major League Soccer, Inter, Trinity, Colombian, Twitter, Facebook, Canada, Haiti Locations: Florida, New Zealand, Fort Lauderdale, Auckland, American, Miami, Inter Miami, Vietnam, Haiti, Philippines, Zambia, Germany, Morocco, Qatar, Nigeria
"As with every family business, everyone is involved in the family business," Annie told CNBC. We grew up in the sector," Annie told CNBC. Zoom In Icon Arrows pointing outwards Annie and David Lu at a Harvard Innovation Labs event, when they were still ideating. As part of this partnership, Unilever tested the H2Ok Innovations solution at its Ben & Jerry's facility in Waterbury, Vermont. "They are exceptionally smart, visionary and courageous — the kind of founders investors dream to back," Iskold told CNBC.
Persons: David, Annie Lu, Annie Lu Annie Lu, Lu, Lu's, hasn't, Annie, David's, David Lu, David Lu They, Sandeep Desai, Desai, Jeff Bussgang, Alex Iskold, doting, Iskold, Dayna Grayson, We've, David giggled, it's Organizations: Harvard, CNBC, H2Ok, Construct, Flybridge, Ventures, Greentown Labs, Forbes, H20k, Harvard Innovation Labs, Unilever, AB InBev, Coca Cola Co, Colgate, Palmolive, Waterbury, Unit, Flybridge Capital, Construct Capital Locations: China, Saskatoon, Canada, Bay, Techstars, Boston, Minnesota, Minneapolis, Waterbury , Vermont, U.S, Brazil, United States, H2Ok
Ibori, who is in Nigeria, said he would appeal against the confiscation order, one of the largest imposed on an individual in recent British legal history. Ibori was governor of oil-producing Delta State from 1999 to 2007 and was extradited from Dubai to Britain in 2011. Judge David Tomlinson, delivering the confiscation order at Southwark Crown Court, said Ibori should pay the sum immediately or face an eight-year jail sentence. Spokespersons for Nigerian President Bola Tinubu did not immediately respond to requests for comment on whether the Nigerian government would cooperate with the British authorities in enforcing the confiscation order. The confiscation process took over a decade after Ibori's conviction because of lengthy court delays and legal wrangling in London.
Persons: James Ibori, Ibori, David Tomlinson, Bola Tinubu, Helen Taylor, Felix Onuah, William Maclean Organizations: Delta State, Southwark Crown, Delta, Thomson Locations: Britain, Nigeria, Nigerian, London, Dubai, Southwark, Delta State, Ibori, Ibori's, Abuja
LONDON, July 20 (Reuters) - A London court should order the confiscation of more than 100 million pounds ($129 million) from Nigerian politician James Ibori, a convicted fraudster who spent years in prison in Britain, a state prosecutor told the court on Thursday. A former governor of oil-producing Delta State in southern Nigeria, Ibori was extradited in 2011 from Dubai to London, where he was charged with laundering a corruptly acquired fortune. He told Reuters by text message he planned to appeal against the confiscation order. In 2021, it returned 4.2 million pounds that had been confiscated from Ibori's ex-wife and his sister, who also served jail time for helping him launder money. ($1 = 0.7745 pounds)(This story has been corrected to say the judge made 'factual findings' not a 'confiscation order' after clarification from judge, in paragraph 6)Reporting by Estelle Shirbon; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
Persons: James Ibori, fraudster, Ibori, David Tomlinson, Jonathan Kinnear, Bola Tinubu, Estelle Shirbon, Alex Richardson Organizations: Delta, Southwark Crown, Thomson Locations: Nigerian, Britain, Delta State, Nigeria, Dubai, London, Southwark, Ibori, Ibori's
LONDON, July 18 (Reuters) - King Charles will mark 400 years since William Shakespeare's plays were published in collective form on Tuesday, bringing actors and directors together to celebrate his love for the bard and a book hailed as one of the most important in English literature. Compiled by Shakespeare's friends seven years after his death, the Folio contained plays which had never before been published. Now he is sovereign, Charles, 74, wants to shape a monarchy fit for the future. He has been president of the Royal Shakespeare Company since 1991. At the Windsor Castle reception on Tuesday, actors will perform including Simon Russell Beale and Harriet Walter, two of Britain's greatest stage actors.
Persons: King Charles, William Shakespeare's, Shakespeare, Charles, Queen Elizabeth, Camilla, Julius Caesar, Macbeth, Ian McKellen, Judi Dench, Benedict Cumberbatch, David Tennant, Shakespeare's, Henry IV, Simon Russell Beale, Harriet Walter, Sarah Young, Alexandra Hudson Organizations: ROYAL, Royal Shakespeare Company, Alexandra Hudson Our, Thomson Locations: Windsor, Britain
CNN —A phenomenon that scientists have called “underground climate change” is deforming the ground beneath cities, a study conducted in Chicago has found. Technically known as “subsurface heat islands,” underground climate change is the warming of the ground under our feet, caused by heat released by buildings and subterranean transportation such as subway systems. “Deformations caused by underground climate change are relatively small in magnitude, but they continuously develop,” he said. “Calling it climate change seems like a bit of a coattail thing,” Archer, who was not involved with the study, said. The term “underground climate change,” however, was not coined for this study — it has been in use, and the phenomenon a subject of research, for some time.
Persons: , Alessandro Rotta Loria, Rotta Loria, David Archer, ” Archer, Rotta, Bruce Leighty, David Toll Organizations: CNN, Northwestern University, University of Chicago, , Communications Engineering, Chicago, Institute of Hazard, Durham University Locations: Chicago, Evanston , Illinois, Grant Park, Lake Michigan, United Kingdom
Speaking of which, have you baked up a loaf of zucchini bread yet this summer? Or for something unexpected and savory, how about Zuni Café’s zucchini pickles with turmeric and mustard seeds? David Tanis adapted the recipe, which the restaurant serves with its burgers; the pickles will be a hit with yours, too. Today is day two of Amazon’s Prime Day sales, and our colleagues at Wirecutter have collected the best kitchen deals for you. If you’re splashing out on that pizza oven you’ve been coveting, then we have the recipes ready for you.
Persons: David Tanis, Rebekah Peppler, Krysten Chambrot, you’ll, Naz Deravian’s Organizations: cham, New York Times, Amazon’s
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow a Gen Z couple earning $43,000 in Nashville, Tennessee spends their moneyDavid Torres-Fuentes, 23, lives in Nashville, Tennessee, with his wife Jacquelyn, and they earn around $43,000 a year. The couple books parties as professional clowns through their new business, Abrakadabra Events. They also each work day jobs to help fund their life and business. David and Jacquelyn hope to continue growing Abrakadabra Events and building generational wealth. 07:30 3 hours ago
Persons: David Torres, Fuentes, Jacquelyn, David Locations: Nashville , Tennessee
David Torres-Fuentes was 4 years old when he decided to become a clown. David Torres-Fuentes, 23, works as a professional clown and entertainer in Nashville. David Torres-Fuentes decided he wanted to become a professional clown when he was 4 years old. David Torres-Fuentes was born in Mexico and moved with his family to Nashville when he was 6. David Torres-Fuentes hopes to continue performing as a professional clown into retirement.
Persons: David Torres, Fuentes, David, Lucas Mullikin, Jacquelyn, they're, Torres, Roth, they've Organizations: CNBC, Nashville Public Library, Tennessee Performing Arts Center, Nashville Locations: Nashville, Mexico, U.S, Scotland
3 Easy Dishes, One Near-Effortless Summer Dinner Party
  + stars: | 2023-07-06 | by ( David Tanis | ) www.nytimes.com   time to read: +1 min
A few thoughts about summer cooking: It should be bold, flavorful, refreshing. It should also be casual, easy to pull off without much exertion. Much depends on your constitution and strength, of course, so perhaps summer cooking isn’t for everyone. One rule of thumb for anxiety-free entertaining is to cook as much the day before as possible. I often find doing a little prep work in the cool early morning means I’m more relaxed when guests arrive in the evening.
Locations:
David Tesher: Before we were forecasting a short and shallow recession, but we no longer think there’s going to be a recession. Hard decisions are being made, and that’s going to feed back into corporate growth prospects. As economic conditions slow, credit is becoming tighter and companies are defaulting at a faster pace than they have. So yes, some corporations are distressed, but this isn’t something affecting the entire market, which is what you’d associate with a broad credit crunch. Big Tech is back with a vengeanceLast year was rough for tech companies: Tech stocks fell more than 30% in 2022, while the overall market dropped 20%.
Persons: Banks, Bell, David Tesher, we’re, We’re, There’s, reevaluation, it’s, Meta, Wedbush’s Daniel Ives, Liz Ann Sonders, Charles Schwab, , Megan Horneman, Matt Egan, John LaForge Organizations: CNN Business, Bell, CNN, P, Big Tech, Tech, Apple, Nvidia, Microsoft, Verdence Capital Advisors, Nasdaq, Dow Jones, AAA, That’s, US Energy Information Administration, Wells, Investment Institute
June 30 (Reuters) - Barratt Developments (BDEV.L) on Friday said it had agreed to sell 604 homes to Lloyds' (LLOY.L) private rental subsidiary Citra Living for 168.4 million pounds ($212.57 million) in cash, as Britain's largest housebuilder looks to diversify revenue. About 500 of the homes will be transferred to Citra's ownership by June 2024, while the remaining homes will be transferred the following year, Barratt said. The sale comes as the UK housing sector braces for a slower recovery due to persistent interest rate hikes which are set to hurt demand. Britain's biggest mortgage lender Lloyds launched its private rental business, Citra Living, in 2021 in a bid to find new revenue sources. "Our goal at Citra is to bring much needed high quality homes to the UK rental market ... Our partnership with Barratt helps us achieve that goal," Citra Managing Director Andy Hutchinson said in a statement on Friday.
Persons: Barratt, David Thomas, Andy Hutchinson, Eva Mathews, Rashmi Aich, Jason Neely Organizations: Barratt, Lloyds, Bank of England, Thomson Locations: Bengaluru
New York CNN —The prolonged shortage of a certain red sauce is making the black market go wild. Prices of Sriracha sauce are as high as $70 on eBay as people look to snap up the spicy sauce. Huy Fong Foods, which makes the rooster-adorned bottled sauce, has been dealing with a years-long shortage of the chilis, which is hurting production and causing some shortages. At this time, we have no estimations of when supply will increase,” a Huy Fong spokesperson said. There’s been a shortage for the past three years, as Huy Fong has said that its chili peppers have consistently been in short supply.
Persons: Huy Fong, it’s, There’s, Fong’s, David Tran Organizations: New, New York CNN, eBay, Huy Fong Foods, CNN, Target, Foods Locations: New York, Huy
CNN —Connor McDavid won his third Hart Trophy – awarded to the NHL’s most valuable player – on Monday after a near unanimous vote. McDavid enjoyed a stellar season for the Oilers, leading the league in goals, assists and points. Although the 26-year-old has yet to taste Stanley Cup success, the importance of his personal accolades is hugely significant to Hart. “Certainly, it’s not lost on me what these trophies mean in the grand scheme of our game,” McDavid said. The accolade is presented “to the most outstanding player in the NHL,” as voted by fellow members of the NHL Players’ Association.
Persons: CNN — Connor McDavid, , David Pastrňák, McDavid, Hart, , it’s, ” McDavid, I’m, Wayne Gretzky, Bobby Clarke, Bobby Orr, Alex Ovechkin, Gretzky, Ben Stelter, Stelter, Ted Lindsay, Jason Kempin, Ben, , Maurice Richard Trophy –, ” – Organizations: CNN, Edmonton Oilers, Boston Bruins, Oilers, Edmonton, NHL, NHL Players ’ Association, Art Locations: glioblastoma
New York CNN —David Bohrman, a former veteran CNN producer and executive who pioneered the use of the “Magic Wall,” died Sunday following complications after hip surgery, according to his family. He joined CNN in 1998 and later became the network’s Washington bureau chief and senior vice president. In 2004, it was his idea to anchor CNN’s election coverage from the floor of party conventions. Four years later, he implemented the Magic Wall, a touchscreen display featuring up-to-date voting data on election nights, which is now a staple of CNN’s election coverage and commonly used by other broadcasters. “His decision to take then just emerging touch-screen technology and integrate [it] into our 2008 election coverage was nothing short of revolutionary.
Persons: New York CNN — David Bohrman, , “ David, ” Bohrman, CNN's Wolf Blitzer, CNN “ David, Sam Feist, Aaron Brown ”, John King, , David, Bohrman, Catherine, Amber, Harrison, Sloan, Paige Organizations: New, New York CNN, CNN, ABC News, CBS News, NBC News, Current, CNN Washington, , CNN’s New Locations: New York, Hollywood , California, Los Angeles, Washington, America, CNN’s New York, Iraq, Afghanistan, Umm Qasr
Scott Guthrie, Microsoft's executive VP of cloud and AI, oversees Azure and Microsoft 365 cloud software. Microsoft's cloud boss faces tough questions about pay and low morale, leaked messages show. Microsoft employees blasted the company's decision to pause pay raises and cut bonuses and stock awards ahead of a cloud meeting. Son told the company's annual shareholder meeting he believed his firm will be a winner in the AI race thanks to its investments. The tiny Japanese trucks are about 11 feet long and are typically limited to 25 miles an hour.
Persons: Nathan Rennolds, let's, Scott Guthrie, Stephen Lam, he'd, Satya Nadella, Kathleen Hogan, Dimitrios Kambouris, Twitter hasn't, Larry Ellison, Elon Musk's, David Tinson, Masayoshi Son, Son, Ziwei Li, Deb Liu, Elon, Mark Zuckerberg, Zuckerberg, Musk, it's, Read, Jack Sommers Organizations: US Navy, Microsoft, Twitter, Oracle, FIFA, Lyft, Getty, Meta Locations: London, Lyft, Japan
EA's "FIFA" series is a big revenue driver, but its next soccer video game won't have that branding. CMO David Tinson reveals his plan to drive fans to EA's new soccer franchise EA Sports FC. Electronic Art's marketing muscle is going to have to do some heavy lifting this year to build a new powerhouse brand around its soccer video game series. In 2022, EA and FIFA ended a licensing partnership that lasted nearly three decades and helped make the "FIFA" video game series the most popular sports franchise of all time. This is a key component to making sure fans of the "FIFA" franchise glom onto the new one.
Persons: David Tinson, Andrew Wilson, Tinson, we've, hadn't Organizations: FIFA, EA Sports FC, EA, FC Barcelona's Camp, Manchester United, FC Barcelona, Nike Locations: FC Barcelona's Camp Nou, Real Madrid
Three-Stock Lunch: KBH, BUD & EXPE
  + stars: | 2023-06-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: KBH, BUD & EXPEDavid Trainer, New Constructs CEO, joins 'Power Lunch' to discuss three stocks: KB Home, Anheuser-Busch and Expedia.
Persons: EXPE David Trainer Organizations: Anheuser, Busch, Expedia
I've written 10 books and journals on happiness, gratitude, habits and resilience that share how to cultivate a positive mindset amidst chaos. Here are five research-backed practices I do every day to feel happier:1. Sometimes I'll feel lofty ("Helping people live happy lives"), or laser-focused ("Finish writing the next chapter of my book"). A laundry list of 20 things would feel like too much, so this prioritization helps me sleep better. And by choosing only three tasks, I've already done the hard work of deciding what not to focus on.
Persons: podcaster, I'm, Henry David Thoreau Organizations: New York Times
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