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☆ Here are the stocks — led by Microsoft — that matter most to hedge fund managers
▼ + stars: | 2023-11-22 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Many hedge funds have been skillfully navigating this year's market volatility. For investors seeking to follow the smart money, here are the stocks that mattered the most to these managers. VerityData analyzed 565 "fundamental" hedge funds that own between 10 and 300 positions each. The research firm then created a list of stocks that most frequently appear among the 10 largest holdings of those hedge funds. Other than Microsoft, the majority of the so-called " Magnificent Seven " mega-cap tech stocks — Amazon, Meta, Apple, Nvidia and Google's Alphabet — also made the list, VerityData said.

Persons: VerityData, Philippe Laffont's Coatue, Chase, Meta, Berkshire Hathaway Organizations: Microsoft, Philippe Laffont's Coatue Management, Tiger Global, Apple, Nvidia, JPMorgan, Berkshire

☆ Opinion | The OpenAI Coup Is Great for Microsoft. What Does It Mean for Us?
▼ + stars: | 2023-11-21 | by ( Julia Angwin | ) www.nytimes.com time to read: +1 min

There was the coup that hit the headlines: the OpenAI board’s abrupt ousting of its co-founder and chief executive, Sam Altman. Monday, it was announced that Microsoft was hiring Mr. Altman and another OpenAI co-founder, Greg Brockman. Microsoft had already invested more than $13 billion in OpenAI; its absorption of OpenAI leadership — and the likely hiring of hundreds of OpenAI staff members who signed a letter saying they would leave to join Microsoft unless the board resigned — effectively completes its takeover. OpenAI was founded in 2015 with the explicit mission of building an alternative to the for-profit A.I. It was established as a nonprofit, and its stated mission is to “ensure that artificial general intelligence benefits all of humanity.”

Persons: Sam Altman, Altman, Greg Brockman, —, OpenAI, ” Organizations: Microsoft Locations: OpenAI

☆ Goldman's hedge fund VIP portfolio is up 31% this year. These are the stocks on the list
▼ + stars: | 2023-11-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Hedge funds' favorite stocks have crushed the broader market in 2023, returning 31%, thanks to mega-cap technology companies, according to Goldman Sachs. It then compiled a basket of the most popular long positions, dubbed Goldman's "Hedge Fund VIP basket," consisting of 50 stocks that most frequently appear among hedge funds' 10 largest holdings. "From an implementation standpoint, the Hedge Fund VIP list represents a tool for investors seeking to 'follow the smart money' based on 13-F filings," Goldman said. "Mirroring the increasing concentration in the equity market, concentration in hedge fund portfolios has risen; the typical hedge fund holds 70% of its long portfolio in its top 10 positions," Goldman said. Goldman also noted that the overweight in mega-cap names lifted hedge fund exposure to "momentum stocks" to a near record.

Persons: Goldman Sachs, Goldman, — CNBC's Michael Bloom Organizations: Microsoft, Devices

☆ Helmets Off, Mics Up: N.F.L. Players Discover the Power of Podcasts
▼ + stars: | 2023-11-20 | by ( Emmanuel Morgan | More About Emmanuel Morgan | ) www.nytimes.com time to read: +2 min

The phenomenon of active athletes hosting podcasts largely started in the N.B.A., where players can command more attention because there are smaller rosters and more frequent games. Early entries included JJ Redick’s “The Vertical” in 2016 and Richard Jefferson and Channing Frye’s “Road Trippin’” in 2017. Podcasting is particularly attractive to players who are still generating N.F.L. Hill said he started his podcast, “It Needed to Be Said,” partly to prepare for a potential broadcasting career. Brands such as Bleacher Report, which works with Parsons and Miller, have increasingly signed up athletes.

Persons: JJ Redick’s, Richard Jefferson, Channing Frye’s, Taylor Lewan, “, ”, Will Compton, Hill, Said, Pat McAfee, Miller, Josh Pyatt, LeBron James, Peyton Manning, ” Miller, Damar Hamlin Organizations: Tennessee Titans, Boys, Indianapolis Colts, ESPN, Brands, Parsons, WME Sports

Learn moreTonight's Monday Night Football contest features two of the NFL's best teams—the Kansas City Chiefs and the Philadelphia Eagles. Read on to learn where to watch Chiefs vs. Eagles live streams. How to watch Chiefs vs. Eagles free from anywhereChannel 5 in the United Kingdom shows Monday Night Football for free. Watch Chiefs vs. Eagles on Monday Night Football. For $6.99 per month, NFL+ offers live streams for all local broadcasts and primetime games, including Monday Night Football, Sunday Night Football, and Thursday Night Football.

Persons: Patrick Mahomes, You'll, ExpressVPN Organizations: Kansas City Chiefs, Philadelphia Eagles, Chiefs, Eagles, NFC, AFC, NFL, ESPN, ABC, United Kingdom, Watch Chiefs, . Eagles, Packers, Giants, Hulu, Disney, ESPN2, Football, NFL Network, NFL Films, NFL Shop, ESPN doubleheaders, Chicago Bears, Minnesota Vikings, Cincinnati Bengals, Jacksonville Jaguars, Green Bay Packers, New York Giants, Tennessee Titans, Miami Dolphins, New England Patriots —, Baltimore Ravens, San Francisco 49ers Locations: United

☆ NFL roundup: Lions storm back in fourth, stun Bears
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +10 min

Jared Goff, who threw a season-high three interceptions, engineered two fourth-quarter scoring drives and finished with 236 yards passing and two touchdowns for Detroit (8-2). Wilson completed 27 of 35 passes for 259 yards in the Broncos' fourth consecutive victory. Joshua Dobbs completed 20 of 32 passes for 221 yards, one touchdown and one interception for Minnesota (6-5). Giants 31, Commanders 19Tommy DeVito threw three touchdown passes and the New York defense forced six turnovers in a victory over Washington in Landover, Md. Bills 32, Jets 6Josh Allen threw three touchdown passes and Buffalo avenged a Week 1 loss to New York with a victory in Orchard Park.

Persons: David Montgomery, David Reginek, Jared Goff, Justin Fields, DJ Moore, Goff, Jameson Williams, Sam LaPorta, Aidan Hutchinson, Fields, Russell Wilson lobbed, Courtland, Sutton, Wilson, Joshua Dobbs, Dobbs, Dorian Thompson, Robinson, Dustin Hopkins, Pittsburgh . Thompson, Deshaun Watson, Jaylen Warren, Warren, Kenny Pickett, Dak Prescott, Tony Pollard, Prescott, Carolina's, DaRon Bland, Bryce Young, Young, Jordan Love, Love, Christian Watson, Love's, Jayden Reed, Aaron Jones, Emanuel Wilson, Justin Herbert, Keenan Allen, Joey Bosa hobbled, C.J . Stroud, Stroud, Tank Dell, Devin Singletary, Murray, Trevor Lawrence, Calvin Ridley, Will Levis, Tua Tagovailoa, Jalen Ramsey, Tyreek Hill, Hill, Tagovailoa, Aidan O'Connell, Davante Adams, Antonio Pierce, Tommy DeVito, Isaiah Simmons, Sam Howell, Howell, Saquon Barkley, DeVito, Brock Purdy, Brandon Aiyuk, Purdy, Christian McCaffrey, George Kittle, Tampa Bay's Baker Mayfield, Mike Evans, White, Josh Allen, Joe Brady, Ken Dorsey, Allen, Zach Wilson, Tim Boyle, Boyle, Lucas Havrisik, Geno Smith, Jason Myers, Kenneth Walker III, Cooper, Smith, Matthew Stafford, Royce Freeman Organizations: Detroit Lions, Chicago Bears, Ford Field, Bears, Detroit, Chicago, Broncos, Vikings, Courtland Sutton, Denver, Minnesota, Browns, Steelers, Pittsburgh, UCLA, Cleveland, Cowboys, Panthers, Dallas, Carolina, Packers, Chargers, Los, Green, Texans, Cardinals, Houston, Arizona, Jaguars, Titans, Jacksonville, Tennessee, Dolphins, Raiders, Miami, Las Vegas, Miami Gardens, NFL, Las, Giants, New, Washington, 49ers, Buccaneers, Tampa, Bills, Jets, Buffalo, AFC East, Miami . New, Rams, Seahawks, Seattle, Thomson Locations: Detroit , Michigan, USA, Montgomery, Cleveland, Charlotte, N.C, Green, Los Angeles, Angeles, Miami, Fla, Tyreek, Las Vegas, New York, Landover, Md, DeVito, Francisco, Tampa Bay, Santa Clara, Calif, Tampa, Orchard Park, Miami . New York, Inglewood , Calif

☆ NFL Week 11: Kelce brothers to play against each other for first time since Super Bowl
▼ + stars: | 2023-11-19 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +9 min

The Week 11 action concludes with the biggest game of the week – a Kelce vs. Kelce Super Bowl rematch. Jason Kelce’s Philadelphia Eagles will travel to Kansas City to take on Travis Kelce’s Chiefs in one of the most highly-anticipated matchups of the season – a Super Bowl LVII rematch and a potential Super Bowl LVIII preview. “I don’t need the Super Bowl to motivate me to beat my brother, or Andy Reid. I know what it takes now to be an NFL quarterback and not just be a college quarterback being in the NFL,” Thompson-Robinson told reporters. Australia: NFL+, ESPN, 7PlusBrazil: NFL+, ESPNCanada: NFL+, CTV, TSN, RDSGermany: NFL+, ProSieben MAXX, DAZNMexico: NFL+, TUDN, ESPN, Fox Sports, Sky SportsUK: NFL+, Sky Sports, ITV, Channel 5US: NFL+, CBS, NBC, FOX, ESPN, Amazon Prime

Persons: Joe Burrow, Jason Kelce’s, Travis, Taylor Swift’s, Jason, Magazine’s, “ It’s, it’s, ” Jason, Travis Kelce, Taylor Swift, Ralf Ibing, firo sportphoto, It’s, ” Travis, we’ve, Andy Reid, I’ve, ”, “, you’re, Deshaun Watson, Watson, “ I’m, I’m, ” Watson, Dorian Thompson, Robinson, Quarterback Dorian Thompson, Jason Miller, Thompson, Robsinson, “ I’ve, ” Thompson, Sean Payton, Kirk Cousins, – it’s, ” Payton, they’ve, They’ve, Stephen Maturen, haven’t, Kevin O’Connell, Sean, Payton, we’re, Patrick Mahomes, Josh Allen, —, it’ll, ProSieben MAXX Organizations: CNN, NFL, Baltimore Ravens, Cincinnati Bengals, Ravens, AFC, Bengals, Philadelphia Eagles, Kansas City Chiefs, Jason Kelce’s Philadelphia Eagles, Kansas City, Travis Kelce’s Chiefs, Super Bowl, New, Philadelphia, Pittsburgh Steelers, Cleveland Browns, Minnesota Vikings, Denver Broncos, Denver, Chiefs, Broncos, “, Vikings, Minnesota, ” Vikings, Buffalo Bills, Bills, ”, Sunday Dallas Cowboys, Carolina Panthers, Chicago Bears, Detroit Lions, Los Angeles Chargers, Green Bay Packers, Arizona Cardinals, Houston Texans, Tennessee Titans, Jacksonville Jaguars, Vegas Raiders, Miami Dolphins, New York Giants, Washington, Tampa Bay Buccaneers, San Francisco 49ers, New York Jets, Seattle Seahawks, Los Angeles Rams, ESPN, 7Plus, ESPN Canada, CTV, TSN, RDS, DAZN, Fox Sports, Sky Sports UK, Sky Sports, ITV, Channel, CBS, NBC, FOX, Amazon Locations: Kansas, Buenos Aires, Philadelphia, “, elation, Minnesota, Denver, Australia, 7Plus Brazil, RDS Germany, DAZN Mexico

☆ In ousting CEO Sam Altman, ChatGPT loses its best fundraiser
▼ + stars: | 2023-11-18 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +4 min

OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I. But on Friday it was the earnest Altman who was upended after OpenAI’s board, in a surprise move, stripped him of his CEO title and directorship. Directors of the company, now worth about $80 billion, cited a failure to be "consistently candid in his communications." Further details of what finally led to the ouster of Altman were not immediately clear Friday. “You and a small group of rebels get the space to solve an important problem that might otherwise not get solved."

Persons: Sam Altman, Elizabeth Frantz, Sam Altman’s, Altman, Elon Musk’s, “, what’s, ” Altman, Satya Nadella, OpenAI, ”, Greg Bensinger, Diane Craft Organizations: Privacy, Technology, Intelligence, REUTERS, Microsoft, Wednesday, Google, Stanford, Thomson Locations: Washington , U.S, OpenAI, San Francisco, St, Louis , Missouri

Fox Sports and Amazon host Charissa Thompson took to social media on Friday to clarify her comments on a podcast earlier this week that she “would make up” sideline reports during NFL games. “Working in the media I understand how important words are and I chose wrong words to describe the situation. Tennessee Titans coach Mike Vrabel said Friday that he had not heard a reporter fabricate any quotes by him. “I have nothing but respect for sideline reporters and for the tireless work they put in behind the scenes and on the field,” Thompson said in her social media post. ESPN “Monday Night Football” reporter Lisa Salters posted on social media Thursday night that she was “shocked, disappointed and disgusted.”Salters added: “Trust and credibility.

Persons: Charissa Thompson, Thompson, Fox's, “, Mike Vrabel, ”, Kevin O’Connell, ” O'Connell, ” Thompson, wouldn’t, ‘ I’m, ’, Fox's Erin Andrews, Lisa Salters, ” Salters, Dave Campbell, Teresa M, Walker, ___ Organizations: Fox Sports, NFL, “, Tennessee Titans, Minnesota Vikings, San Diego State, Big Ten Network, ESPN, FS1, Fox, Football, AP Pro Football Locations: “

☆ ‘Monarch: Legacy of Monsters’ review: Series could use more Godzilla, fewer people
▼ + stars: | 2023-11-17 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —Let’s face it, people generally don’t come to Godzilla-related projects for the actors and drama, which is basically the leap that “Monarch: Legacy of Monsters” asks viewers to make. Stretched into a multi-generational Apple TV+ series, the show is as much a Titan-ic soap opera as a monster mash, proving mildly watchable but without enough of the city-leveling antics for which the big guy is known. Godzilla appears, occasionally, in the Apple TV+ series "Monarch: Legacy of Monsters." For that latter contingent, “Legacy of Monsters” should be mildly entertaining, but even with Apple’s sizable investment, it too often feels like a gigantic donut with a Godzilla-shaped hole in the middle. “Monarch: Legacy of Monsters” premieres November 17 on Apple TV+.

Persons: ”, Lee Shaw, Kurt Russell, Wyatt Russell, Shaw, William, Keiko Randa, Anders Holm, Mari Yamamoto, Keiko, Anna Sawai, Ren Watabe, Russell, Indiana Jones Organizations: CNN, Apple

☆ Elon Musk isn't helping his CEO Linda Yaccarino's claims that X is safe for companies
▼ + stars: | 2023-11-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Linda Yaccarino's efforts to reassure companies about X are being undermined by Elon Musk. Yaccarino released a statement on Thursday saying X is working to combat antisemitism. However, one day before her post, Musk supported an antisemitic conspiracy theory on the platform. AdvertisementLinda Yaccarino's efforts to reassure companies that X is safe for brands are being undermined by Elon Musk's actions. The contrast between Yaccarino's statement and Musk's post was not lost on platform users.

Persons: Linda Yaccarino's, Elon Musk, Yaccarino, Musk, —, Elon Musk's, …, Linda Yaccarino, Dustin Moskovitz, Ross Gerber, Tesla, VWqtI32Jxz — Matthew Gertz, Yaccarino —, Yaccarino's, Lou Paskalis, they're Organizations: Service, IBM, Financial, Media, Apple, Comcast, X, Business, Reuters, Vox Media, Conference

☆ Elon Musk may see Mark Zuckerberg as a rival, but the Meta chief never used to have any interest in the X owner, author says
▼ + stars: | 2023-11-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk and Mark Zuckerberg's rivalry has peaked this year. Ben Mezrich told Business Insider that Zuckerberg had shown little interest in Musk in the past. "I think Zuckerberg is more reacting to Elon." The tension between Musk and Zuckerberg culminated earlier this year when the Tesla CEO challenged Zuckerberg to a fight. Mezrich said Musk had wanted "to go head to head with Zuckerberg" for some time, and Zuckerberg was now engaging with the Tesla CEO.

Persons: Elon Musk, Zuckerberg's, Ben Mezrich, Zuckerberg, —, Mezrich, Musk, I've, Elon Organizations: Service, Elon Locations: Elon

☆ Biden and Xi sought to pull away from deepening conflict. They failed.
▼ + stars: | 2023-11-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Biden and Xi sought to smooth frayed relations at their meeting on during the APEC summit. AdvertisementChinese leader Xi Jinping was keen to stress the potentially dire consequences of US-China tensions after his first meeting with Joe Biden in more than a year. Xi seemed keen in the speech to find common ground after months of worsening relations between the superpowers. As notable as the successes, were the areas where Biden and Xi failed to reach an agreement. And in the South China Sea, a region where China has sought to establish its dominance, Chinese warplanes have sought to intimidate US fighter jets.

Persons: Biden, Xi, —, Xi Jinping, Joe Biden, Jonathan Ward, Xi's, Nancy Pelosi's Organizations: APEC, Service, Wednesday's, Allies, Atlas Group, The New York Times Locations: China, San Francisco ., United States, San Francisco, Taiwan, Ukraine, East, Russia, Israel, Gaza, South China

SAN FRANCISCO (AP) — President Joe Biden and other global leaders have spent the past few days melding minds with Silicon Valley titans in San Francisco, their discussions frequently focusing on artificial intelligence, a technology expected to reshape the world, for better or worse. “The world is at an inflection point — this is not a hyperbole," Biden said Thursday at a CEO summit held in conjunction with APEC. None were more bullish than Microsoft CEO Satya Nadella, whose software company has invested more than $10 billion in OpenAI, the startup behind the AI chatbot ChatGPT. That is, we finally have a technology that understands us, not the other way around,” Nadella said at the CEO summit. Musk had been scheduled to discuss his hopes and fears surrounding AI during the CEO summit with Salesforce CEO Marc Benioff, but canceled Thursday because of an undisclosed conflict.

Persons: Joe Biden, Biden, Satya Nadella, ChatGPT, Nadella, “, ” Nadella, Sundar Pichai, ” Pichai, we’ve, Pichai, ”, State Condoleezza Rice, ” Robert Moritz, Moritz, Elon Musk, Musk, Marc Benioff Organizations: FRANCISCO, Valley titans, Economic Cooperation, APEC, Microsoft, Google, Inc, State, Hoover Institution, Stanford University, “, PricewaterhouseCoopers Locations: San Francisco, Asia, OpenAI

☆ Michael Oher: ‘The new film ‘Blindsided’ challenges the blockbuster’s take on the life of ex-NFL star
▼ + stars: | 2023-11-16 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

A new CNN documentary releasing on Thursday sheds light on the strained, complex relationship between former NFL player Michael Oher and the Tuohy family. This narrative is captured in “The Blind Side,” which followed a 2006 book of the same name by Michael Lewis. Oher sits on the beach during an NFL game between the Baltimore Ravens and the Buffalo Bills in 2010. A Tennessee judge terminated the Tuohy’s conservatorship over Oher in September. Tuohy sold his company for $220 million.” Oher declined to be interviewed for the CNN documentary, citing pending litigation, while the Tuohy family also declined an interview.

Persons: Michael Oher’s, “, Max, Michael Oher, Sean, Leigh Anne Tuohy, I’m, ” Quinterio Franklin, Oher, ” Anthony Burrow, ” Burrow, ”, Michael Lewis, Sandra Bullock, Oscar, SJ, ” Quinton Aaron, ” Oher, don’t, Jim Rome, Nick Wass, Joseph Crone, Oher’s Briarcrest, Nate Hale, Oher’s, ” Hale, Tuohy Organizations: CNN, NFL, Hollywood, Bowl, Briarcrest Christian School, Baltimore Ravens, Buffalo Bills, Tennessee Titans, Carolina Panthers Locations: Memphis , Tennessee, Eads, Memphis, “, Hollywood, Tennessee, Oher

☆ Tech execs are reportedly 'scrambling' to score a ticket to a dinner with China's president in San Francisco
▼ + stars: | 2023-11-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Chinese President Xi Jinping is slated to host an exclusive dinner for top executives during the summit. Tech leaders will have the opportunity to improve their business relationship with China. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementTech titans are expected to converge on San Francisco this week for some face time with the president of China. As such, a dinner invite from Chinese President Xi Jinping is highly coveted by executives attending the meeting.

Persons: execs, Xi Jinping, —, Satya Nadella, Citigroup's Jane Fraser, Tesla, Elon Musk, Xi, Darren Woods, Musk, Marc Benioff, Tim Cook isn't, Dan Prud'homme, Joe Biden Organizations: APEC, Tech, Service, Economic Cooperation, America, Microsoft, SpaceX, Bloomberg, Reuters, Exxon, Energy, Curb, Apple, Florida International University Locations: San Francisco, China, Asia, Taiwan

☆ Members of the 'PayPal Mafia' include tech titans like Elon Musk, Peter Thiel, and Reid Hoffman. Here's where they are now.
▼ + stars: | 2023-11-12 | by ( Tami Brehse | Kylie Kirschner | ) www.businessinsider.com time to read: +1 min

A group of early 2000s PayPal employees and founders came to be known as the "PayPal Mafia." The group includes Elon Musk, Peter Thiel, Reid Hoffman, and the founders of both YouTube and Yelp. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Members of the group include Elon Musk, Peter Thiel, and Reid Hoffman, along with over a dozen others. Here's a rundown of the most prominent members of this exclusive group and what they're up to over two decades later.

Persons: Elon Musk, Peter Thiel, Reid Hoffman, —, Fortune Organizations: PayPal, Elon, YouTube, Service, LinkedIn, PayPal Mafia

☆ Meta is returning to China 14 years after Facebook was blocked by striking a deal with Tencent to sell its VR headsets
▼ + stars: | 2023-11-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Meta is making a comeback to China 14 years after Facebook was blocked from being accessed there. The firm has struck a deal with Tencent to sell VR gear in 2024, The Wall Street Journal reported. Deals with Chinese firms are among the few ways big US tech companies can get a foothold there. China has largely banned US tech firms , bar Apple, from doing business there for several years. Meta still extracts cash out of China through Facebook and Instagram ads it sells to Chinese companies.

Persons: Tencent, —, Susan Li, Meta didn't Organizations: Facebook, Street Journal, Service, titans, Apple, Baidu, Meta, ABC News Locations: China, Xinjiang, Urumqi, Meta's

☆ Byron Wien, Wall Street Seer of the Unexpected, Dies at 90
▼ + stars: | 2023-11-09 | by ( Trip Gabriel | More About Trip Gabriel | ) www.nytimes.com time to read: +1 min

At age 80, Byron Wien compiled “20 Life Lessons” from a long career as a Wall Street soothsayer. “If you work forever, you can live forever,’’ he explained. “I know there is an abundance of biological evidence against this theory, but I’m going with it anyway.”Mr. Wien (pronounced ween) didn’t outrun biology. But when he died on Oct. 25, at 90, he was still engrossed daily in reading the economic tea leaves for his most recent employer, the private equity firm Blackstone. He continued to call politicians, central bankers and financial titans around the world for intelligence to help shape his strategic reports for his firm.

Persons: Byron Wien, “, ”, ’ ’, Mr, Blackstone, weren’t, Joan Solotar, Wien’s, Byron Organizations: titans, Blackstone

☆ Signa founder Benko hands reins of property empire to Geiwitz
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

A view of the sign of Signa Holding on their headquarters in Vienna, Austria, November 6, 2023. Benko, an Austrian entrepreneur and a key figure in Europe's property market for two decades, is known for high-profile purchases including New York's iconic Chrysler Building and Britain's Selfridges. Some current and former investors - themselves titans of industry - have in recent days publicly lashed out at Benko, raising questions about his future role at Signa. What is important now is to restore trust, and I want to play my part in that," Benko said in the statement. Geiwitz is best known for his role in the insolvency proceedings of Germany's Galeria Kaufhof-Karstadt department stores and drug store chain Schlecker.

Persons: Leonhard Foeger, Rene Benko, Arndt Geiwitz, Fitch, Benko, Signa, Geiwitz, Germany's Galeria, Alexandra Schwarz, Tom Sims, Matthias Williams, Kirsti Knolle, Bernadette Baum Organizations: Signa, REUTERS, Rights, Chrysler, titans, Germany's, European Central Bank, Thomson Locations: Vienna, Austria, FRANKFURT, Germany, Austrian, Benko

☆ Kansas City Chiefs take on Miami Dolphins in Germany blockbuster
▼ + stars: | 2023-11-05 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +6 min

CNN —Week 9 of the NFL season kicked off on Thursday with the Pittsburgh Steelers’ victory over the Tennessee Titans. Miami Dolphins @ Kansas City Chiefs, 9:30 a.m. ETThe NFL’s International Series continues this weekend when the Miami Dolphins take on the Kansas City Chiefs in Frankfurt, Germany. ScheduleSundayMiami Dolphins @ Kansas City Chiefs, 9:30 a.m. Australia: NFL+, ESPN, 7PlusBrazil: NFL+, ESPNCanada: NFL+, CTV, TSN, RDSGermany: NFL+, ProSieben MAXX, DAZNMexico: NFL+, TUDN, ESPN, Fox Sports, Sky SportsUK: NFL+, Sky Sports, ITV, Channel 5US: NFL+, CBS, NBC, FOX, ESPN, Amazon Prime

Persons: Patrick Mahomes, Mahomes, “, ” Mahomes, Tua Tagovailoa, Mike McDaniel, ” McDaniel, …, ”, Mike Carlson, Josh Allen, Joe Burrow, Allen, Burrow, Damar Hamlin, Hamlin, ProSieben MAXX Organizations: CNN, NFL, Pittsburgh Steelers, Tennessee Titans, Miami Dolphins, Kansas City Chiefs, Super Bowl, Dallas Cowboys, Philadelphia Eagles, AFC, Indianapolis Colts, New England Patriots, Chiefs, Star, Dolphins, ” Dallas Cowboys, Philadelphia, NFC, Super, Cowboys, Eagles, NFC East, Dallas, Bills, 49ers, Buffalo Bills, Cincinnati Bengals, Bengals, Night Football, Buccaneers, AFC North, Paycor, Sunday Miami Dolphins, Minnesota Vikings, Atlanta Falcons, Seattle Seahawks, Baltimore Ravens, Arizona Cardinals, Cleveland Browns, Los Angeles Rams, Green Bay Packers, Tampa Bay Buccaneers, Houston Texans, Washington, Chicago Bears, New Orleans Saints, Carolina Panthers, New York Giants, Las Vegas Raiders, Los Angeles Chargers, New York Jets, ESPN, 7Plus, ESPN Canada, CTV, TSN, RDS, DAZN, Fox Sports, Sky Sports UK, Sky Sports, ITV, Channel, CBS, NBC, FOX, Amazon Locations: Germany, Frankfurt, Miami, Buffalo, Australia, 7Plus Brazil, RDS Germany, DAZN Mexico

☆ Sam Bankman-Fried was just convicted. Where does crypto go from here?
▼ + stars: | 2023-11-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at Sam Bankman-Fried's conviction and what it means for the future of crypto. Sam Bankman-Fried, the crypto industry's most recognizable face (and head of hair), was found guilty of seven counts of fraud and conspiracy on Thursday night. Charges against Bankman-Fried included wire fraud, conspiracy to commit wire fraud, conspiracy to commit securities fraud, conspiracy to commit commodities fraud, and conspiracy to commit money laundering. The conviction came, perhaps fittingly, on the first anniversary of the CoinDesk scoop that sent FTX, the crypto exchange Bankman-Fried co-founded and led, into a tailspin. The downfall was swift, with Bankman-Fried resigning as CEO and FTX collapsing just over a week after the initial report.

Persons: —, Katie Notopoulos —, Linda Yaccarino, Sam Bankman, Chelsea Jia Feng Down, Crypto, SBF, FTX, Fried, Katie Balevic, Jacob Shamsian, Katie, Chelsea Jia Feng, Miami —, That's, Brian Snyder Jamie Dimon, Jeff Gundlach, Gundlach, Mike Blake, Jack Dorsey, Samantha Lee, Janet Yallen, Sheryl Crow, Missy Elliott, isn't, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bankman, Alameda Research, Wall, BlackRock, PayPal, JPMorgan, Microsoft, Tech, Financial, Labor Statistics, Hall, Today Locations: FTX's, New York City, San Diego, London, New York

From crypto wunderkind to felonIt took jurors just four-and-a-half hours yesterday to reach a verdict in the monthlong fraud trial of Sam Bankman-Fried, the founder of the fallen cryptocurrency exchange FTX. The result was unanimous: guilty on all counts. Bankman-Fried has now completed a narrative arc from whiz-kid founder of a crypto empire to fraudster who stole billions in customer funds. Prosecutors moved to paint the FTX founder — who appeared on magazine covers and hobnobbed with former world leaders — as a scammer who repeatedly lied about his business and profited from illegal use of investor and customer funds. “This was a fraud that occurred on a massive scale,” Nicolas Roos, a prosecutor, said in closing arguments.

Persons: Sam Bankman, Fried, fraudster, —, ” Nicolas Roos Organizations: Stanford, Prosecutors

☆ Wall Street titans help to fuel Ivy League donor revolt
▼ + stars: | 2023-11-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

Billionaire Marc Rowan has been in touch with what one finance executive quipped was "half of Wall Street" about halting donations to some of the country's most prestigious universities, to protest the schools' responses to the Israel-Hamas war. The CEO of private equity giant Apollo Global Management belongs to a growing group of Wall Street executives speaking privately with fellow financiers about how to use their influence as major donors to pressure schools into making leadership changes. Rowan took part in a Zoom call Oct. 23 with dozens of wealthy donors to other Ivy League schools, including Yale University and Harvard University, according to those familiar with the call. One of the things they discussed was pausing their financial support for the schools, these people explained. Rowan was one of the final speakers on the call, where he raised his own issues about the school, this person explained.

Persons: Marc Rowan, Rowan, Bill Ackman, Ackman, David Magerman, Leon Cooperman Organizations: Apollo Global Management, Wall Street, Ivy League, Yale University, Harvard University, Penn Locations: Israel

PITTSBURGH (AP) — Kenny Pickett threw a 3-yard touchdown pass to Diontae Johnson with 4:02 remaining and the Pittsburgh Steelers slipped past the Tennessee Titans 20-16 on Thursday. Tennessee rookie quarterback Will Levis played well in his second NFL start but couldn't match the electricity of his first, a four-touchdown masterpiece against Atlanta. The Titans said Burks had full movement in all his extremities, it was reported on the Amazon TV broadcast. The Titans responded to take a 13-10 halftime lead behind some poised play by Levis and Derrick Henry's unique brand of fury. Inside linebacker Cole Holcomb was carted off in the first quarter with what appeared to be a serious left knee injury.

Persons: — Kenny Pickett, Diontae Johnson, Pickett, Johnson, Jaylen Warren, Will Levis, Kwon Alexander, Treylon Burks, Burks, Matt Canada, Derrick Henry's, Henry, Jeffery Simmons, Folk, George Pickens, —, Nicholas Petit, Frere, Peter Skoronski, Daniel Brunskill, Andre Dillard —, Sean Murphy, Bunting, Montravius Adams, Cole Holcomb, ___ Organizations: PITTSBURGH, Pittsburgh Steelers, Tennessee Titans, Steelers, Jacksonville, Tennessee, NFL, Atlanta, Levis, Titans, Amazon, Petit, Tampa Bay, Green Locations: Levis, Tennessee, Tampa

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