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☆ Great news — social media is falling apart
▼ + stars: | 2023-10-03 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +14 min

And I'm not alone: People are spending less and less time on social media. But instead of spelling the death of social media, it may be the beginning of a better era. Welcome to the Great Social Media Splintering. One recent study found social media could cause an increase in eating disorders and poor body image in men and women. Studies have found that news overload from social media can cause stress, anxiety, fatigue, and lack of sleep.

Persons: I've, haven't, I'm, it's, Ben Grosser, Harvard University's Berkman Klein, media's, TikTok, Chand Rajendra, Rebecca Rinkevich, Mike McCue, Jack Dorsey, Steve Teixeira, Rajendra, Nicolucci, Shubham Agarwal Organizations: Facebook, Twitter, Great Social Media, Harvard, Harvard University's Berkman Klein Center, Internet & Society, University of Massachusetts Amherst, Institute, Rebooting Social Media, Mastodon, Mozilla, Wired, Company Locations: Instagram, Google's, India, Brazil, Facebook, Ahmedabad

☆ Welcome to the Great Internet Splintering
▼ + stars: | 2023-10-03 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +14 min

But instead of spelling the death of social media, it may be the beginning of a better era. Welcome to the Great Social Media Splintering. One recent study found social media could cause an increase in eating disorders and poor body image in men and women. The fatigue I have felt is therefore partly fueled by another, more-pressing concern: Which social network should I bank on? But until it emerges, I expect to continue living a splintered and nomadic online social life.

Persons: I've, haven't, I'm, it's, Ben Grosser, Harvard University's Berkman Klein, media's, TikTok, Chand Rajendra, Rebecca Rinkevich, Mike McCue, Jack Dorsey, Steve Teixeira, Rajendra, Nicolucci, Shubham Agarwal Organizations: Facebook, Twitter, Great Social Media, Harvard, Harvard University's Berkman Klein Center, Internet & Society, University of Michigan, Institute, Rebooting Social Media, Mastodon, Mozilla, Wired, Company Locations: Instagram, Google's, India, Brazil, Facebook, Ahmedabad

"I'm very, very lucky because I wouldn't have had the courage to go and do that acquisition, but I give all the credit in the world to Dave Clark," Petersen said. "There's a perfect complement of skill sets," Petersen told Forbes in June 2022. Petersen told Clark he should engage with Shopify's team, according to a person with direct knowledge of the negotiations. Clark, Petersen and Wagers met in Texas in mid-August to fine-tune the forecasts. Flexport told CNBC that an employee's politics are not relevant in personnel decisions.

Persons: Dave Clark, Ryan Petersen, he'd, Petersen, Clark, excoriated Clark, we've, Clark wasn't, Jeff Bezos, It's, Flexport, Clark overspent, Flexport's, He'd, Sanne Manders, Dave, Shopify, Tobias Lutke, Lutke, Shopify's, glanced, didn't, Fund's Trae Stephens, Michael Ronen, SoftBank, Andreessen Horowitz, Bob Swan, Samyukta Lakshmi, Kenny, Stuart Leung, pare, Leung, —, Lindsey Wasson, Clark's, Stephens, Peter Thiel, Trump's, Petersen's, Sen, Joe Manchin, Chris Ferro, Ferro, Parisa Sadrzadeh, couldn't, Amazon, Sadrzadeh, Burak Yolga, Yolga, Nelly Organizations: North, Amazon, Twitter, CNBC, UPS, FedEx, Milken Institute Global Conference, Bloomberg, Getty, Forbes, Deliverr, Shopify's, Anduril Industries, Intel, Intel Corp, U.S ., Clark, Republican, Founders Fund, Democratic, Street Journal, Flexport Locations: Phoenix, Silicon, Clark, Beverly Hills , California, U.S, Flexport, Deliverr, Miami, Flexport's Bellevue , Washington, Bengaluru, India, Flexport's, Asia, U.S . West Coast, Texas, Ohio, Arizona, Thiel's, West Virginia, Seattle, integrations

Flags with the Novo Nordisk logo flutter outside their Danish company's offices in Copenhagen, Denmark, September 26, 2023. The office's Patent Trial and Appeal Board denied the requests by Mylan Pharmaceuticals, which is owned by Viatris (VTRS.O), to review the validity of the Wegovy and Ozempic patents. A spokesperson for Novo Nordisk said the company will "vigorously defend" its intellectual property. Novo has filed several U.S. patent lawsuits against companies including Pennsylvania-based Viatris that are seeking to market generic versions of the drugs. Viatris has separately asked a West Virginia federal court to invalidate the patents as part of the litigation.

Persons: Tom Little, Wegovy, Ozempic, Mylan, Viatris, Novo's Wegovy, Novo, Blake Brittain, Patrick Wingrove, Will Dunham, David Bario Organizations: Novo Nordisk, Danish, REUTERS, Rights, U.S . Patent, Mylan Pharmaceuticals, Viatris, West, Thomson Locations: Copenhagen, Denmark, Pennsylvania, West Virginia, Washington, New York

NEW YORK (AP) — All models of Onewheel self-balancing electric skateboards are under recall after at least four deaths and multiple injuries were reported in recent years, federal regulators said last week. Future Motion has received dozens of incident reports involving these skateboards, the CPSC said Friday — including four deaths between 2019 and 2021 and serious injuries like paralysis, traumatic brain injury, fractures and ligament damage. The recall impacts all Onewheel electric skateboards — including Onewheel, Onewheel+, Onewheel+ XR, Onewheel Pint, Onewheel Pint X and Onewheel GT — sold online and through independent retailers from January 2014 through September of this year. Riders can check their board's eligibility and learn more about installing the update with Onewheel's app on Future Motion's website. Prior to last week's announcement, the CPSC warned consumers to stop using Onewheel electric skateboards back in November — similarly pointing to the reports of death and serious injuries.

Persons: Motion, Motion’s, Motion's, “ Organizations: U.S . Consumer Product Safety Commission, Associated Press Locations: California, U.S

☆ Some 300,000 Onewheel electric skateboards recalled after 4 deaths and dozens of reported injuries
▼ + stars: | 2023-10-01 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

About 300,000 Onewheel electric skateboards have been recalled. Future Motion received four reports of deaths involving the Onewheel from 2019 to 2021. AdvertisementAdvertisementAbout 300,000 Onewheel electric skateboards have been recalled after dozens of reports of injuries. AdvertisementAdvertisementThe recall includes all of the Onewheel (original), Onewheel+, Onewheel+ XR, Onewheel Pint, Onewheel Pint X, and Onewheel GT models. People still using the Onewheel GT, Onewheel Pint X, Onewheel Pint, or Onewheel+ XR electric skateboards should download or update their Onewheel app to make sure it has the "haptic buzz" alert function, the CPSC said.

Persons: Motion, —, Onewheel Organizations: Service, US Consumer, Product Safety Commission

☆ A 32-year market vet warns a recession is still on the way as the Fed's jumbo rate hikes continue to work their way into the economy — and shares 3 reasons why stocks are overvalued by 35%
▼ + stars: | 2023-09-30 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

The hikes scared investors into thinking a recession would be on the way. But today, the labor market remains strong and inflation is under 4%, prompting rosier outlooks about the fate of the US economy. Rate hikes take time to work their way into the economy. But their main adversary going forward is going to be the Fed, with inflation still elevated. The Consumer Price Index is at 3.7% year-over-year, and core inflation, which the Fed watches closely, is even higher at 4.3%.

Persons: Michael Pento, Piper Sandler, Pento, Louis, LEI, Greg Boutle, Morgan Stanley's Mike Wilson, Piper Sandler's Michael Kantrowitz, Jeremy Grantham, Merrill Lynch, Gary Shilling, Jerome Powell Organizations: Federal Reserve, Federal Reserve Bank of St, National Federation of Independent Businesses, Conference, Stock, Robeco, Nasdaq, BNP, Fed

☆ Corporate directors group offers 10 recommendations for strengthening boardroom culture
▼ + stars: | 2023-09-29 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

A rise in shareholder activism and regulatory demands has forced company boards to adapt — and fast. That's why the National Association of Corporate Directors spent the last six months examining the role that culture can play in a board's success. Led by Oscar Munoz, former CEO of United Airlines, and Mary Winston, a director at Acuity Brands, Chipotle, Northrop Grumman and TD Bank Group, the NACD Blue Ribbon Commission drafted a collection of recommendations to help boards strengthen their culture and performance. "Boards have long expected management to take ownership of the values, beliefs, behaviors, and norms that make up the culture within an organization," Munoz said in a statement. "Now, it's time for directors to turn inward and embrace that same sense of ownership — but of their own boardroom culture."

Persons: Oscar Munoz, Mary Winston, Northrop Grumman, " Munoz Organizations: National Association of Corporate, United Airlines, TD Bank Group, Ribbon Commission

The 10-year Treasury yield was trading over 5 basis points lower at 4.501%. It had risen as high as 4.566% on Tuesday, its highest level since 2007. The 2-year Treasury yield was last down by more than 2 basis points to 5.052%. U.S. Treasury yields fell on Wednesday, with the yield on the 10-year Treasury coming down from the fresh 15-year high it hit on Tuesday. August's durable goods order figures are expected Wednesday, with economist surveyed by Dow Jones expecting a 0.5% decline.

Persons: Dow Jones, Wells Fargo, Biden Organizations: U.S, Treasury, Investors, Conference, Federal Reserve

☆ US judge refuses to overturn Exxon permit denial to truck crude oil in California
▼ + stars: | 2023-09-27 | by ( Clark Mindock | ) www.reuters.com time to read: +3 min

REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsCompanies Exxon Mobil Corp FollowSept 27 (Reuters) - A U.S. judge on Wednesday refused to overturn a California county's decision to block Exxon Mobil Corp (XOM.N) from using tanker trucks to ship crude oil from coastal facilities to inland refineries while a ruptured pipeline is fixed. The company has said trucks are "essential" to restarting three offshore oil platforms and an onshore oil processing facility that have been shuttered since the spill. Gee's decision did not address Exxon's claims that the board's decision amounted to an unconstitutional taking of the company's property and other constitutional claims. Attorney Linda Kropp, who represented several of those groups, said Exxon's trucking plan is "reckless, dangerous and totally unwelcome" and said it puts the community at risk of oil tanker crashes. Exxon had sued in May 2022, alleging the board's denial was a "prejudicial abuse of discretion."

Persons: Yuri Gripas, Dolly Gee, Exxon's, Gee, Linda Kropp, Clark Mindock, Alexia Garamfalvi, Chris Reese Organizations: Exxon, Colonial Pipeline, REUTERS, Companies Exxon Mobil Corp, Exxon Mobil Corp, Santa Barbara County, Supervisors, Sierra Club, Thomson Locations: Washington , U.S, U.S, California, Los Angeles, Santa, Santa Barbara

☆ Three-quarters of firms globally are not ready for new ESG rules, KPMG finds
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stephanie Lecocq/File Photo Acquire Licensing RightsLONDON, Sept 26 (Reuters) - Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) data audited externally months before new regulations kick in, according to a new report from KPMG published on Tuesday. Regulators say external auditing of sustainability-related data - while not as extensive as financial auditing - is crucial for giving investors information free of misleading environmental claims, known as greenwashing. The EU rules will require disclosures be audited while countries adopting the International Sustainability Standards Board's reporting requirements can also demand external checking. Yet of 750 companies surveyed by KPMG, only 25% feel they are sufficiently prepared. KPMG's ESG Assurance Maturity Index assessed the views of executives and board members across industries, regions and different firm sizes to measure companies preparedness.

Persons: Stephanie Lecocq, Larry Bradley, Mike Shannon, Tommy Reggiori Wilkes Organizations: La Defense, REUTERS, KPMG, Union, KPMG's, Audit, Global, ESG Assurance, Standards, Thomson Locations: Paris, France, EU, Japan, United States, Brazil, China

☆ Stock futures are little changed after Tuesday's sharp losses: Live updates
▼ + stars: | 2023-09-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Dow Jones Industrial Average futures rose by 34 points, or 0.1%. Futures linked to the S&P 500 inched up 0.1%, while Nasdaq 100 futures added 0.1%. Economists' estimates called for 695,000, per Dow Jones. Economists polled by Dow Jones had forecasted 105.5. Economists expect they declined 0.5%, according to Dow Jones.

Persons: Dow, Dow Jones, Rob Haworth, Blanke, Robert Schein, Schein Organizations: Dow Jones Industrial, Nasdaq, Costco, Homes, Census Bureau, Department of Housing, Urban Development, Conference, Bank Asset Management, Micron Technology Locations: U.S

☆ Santander raises interim cash dividend 39%
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMADRID, Sept 26 (Reuters) - Spain's Santander (SAN.MC) said on Tuesday its board had approved an interim cash dividend of 0.081 euros ($0.0856) per share against its 2023 results, up 39% from a year ago. The cash dividend is equivalent to around 25% of the group's attributable profit in the first half of 2023, or 1.31 billion euros, the euro zone's No. In February, Santander raised its dividend pay-out policy to 50% from a previous 40% of the group's profit, equally split into cash dividend payments and share buybacks. The dividend was backed by an attributable profit of 5.24 billion euros in the first half and will be paid on Nov. 2. Terms of the share repurchase plan will be set out before it starts.

Persons: Dado Ruvic, Glenn Hutchins, Hutchins, Bruce Carnegie, Brown, Jesús Aguado, David Latona, Richard Chang Organizations: Santander Bank, REUTERS, Rights, Spain's Santander, Santander, Carnegie, Thomson Locations: Rights MADRID

☆ Stock futures are little changed after S&P 500, Nasdaq end four-day string of losses: Live updates
▼ + stars: | 2023-09-25 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures hovered near the flat line Monday evening. Futures tied to the Dow Jones Industrial Average slipped by 25 points, or 0.07%. S&P 500 futures dropped 0.05%, while Nasdaq 100 futures lost 0.06%. The S&P 500 added 0.4%, while the Nasdaq Composite advanced 0.45%. Nevertheless, stocks are on pace to end September lower, a month that is already known as being historically weak for equities.

Persons: doesn't, it's, Mary Ann Bartels Organizations: Dow Jones, Nasdaq, Dow Locations: Washington

☆ A 31-year market vet shares 2 signals that show a recession is still on the way — and warns the S&P 500 still has 48% downside as valuations remain near the richest levels in history
▼ + stars: | 2023-09-23 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

One is that the Institute for Supply Management's Purchasing Managers' Index continues to show signs of slowing economic growth. "Real GDI has never fallen three quarters in a row without the economy being in a recession," Wolfenbarger said. This partially informs his call for the S&P 500 to fall to around 2,250, which would represent 48% downside from current levels. When it comes to Wolfenbarger's 48% sell-off call, it's well outside the mainstream of where strategists see stocks going. With valuations high, a meaningful recession could make that three times, as Wolfenbarger is warning.

Persons: Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, Costa, Louis, Warren Buffett Organizations: JPMorgan, Bull, Institute for Supply Management's, Crescat, Federal Reserve Bank of St, downturns . Federal Reserve Bank of St Locations: downturns .

☆ Some notable investors scored a win with Splunk takeover — Here's what they are betting on next
▼ + stars: | 2023-09-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

High-profile investors Jeff Smith and Alex Sacerdote hit home runs after Cisco 's buyout of cybersecurity software company Splunk sent shares surging. The move marked a big win for the two hedge fund investors with big stakes in Splunk. Splunk was Smith's Starboard Value's third-biggest holding at the end of June, with a bet worth more than $430 million. The stock, Whale Rock's fifth-biggest stock bet as of the end of June, has soared more than 66% this year. Sacerdote also had a big bet on another cybersecurity company like Splunk, Fortinet .

Persons: Jeff Smith, Alex Sacerdote, Splunk, Smith, Sacerdote, Fortinet Organizations: Cisco, Rock Capital Management, Acacia Research, Big Tech, Microsoft, Meta, Nvidia, Netflix, Guggenheim Locations: Splunk, Wix.com

☆ US government shutdown: What is it and who would be affected?
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +7 min

Contracts awarded prior to the shutdown would continue, and the Pentagon could place new orders for supplies or services needed to protect national security. NATIONAL PARKS AND NATURAL RESOURCESIt's not clear how the United States' 63 national parks would be affected. They remained open during the 2018-2019 shutdown, through restrooms and information desks were closed and waste disposal was halted. WHITE HOUSEIn 2018-2019 shutdown, the White House furloughed 1,100 of 1,800 staff in the Executive Office of the President. Some offices, such as the National Security Council, continued at full strength, while others like the Office of Management and Budget were scaled back sharply.

Persons: Kevin Wurm, Lockheed Martin, Donald Trump, Pete Buttigieg, Pell, Andy Sullivan, Pete Schroeder, Howard Schneider, Moira Warburton, Scott Malone, Alistair Bell Organizations: U.S, Capitol, REUTERS, Workers, Pentagon, Boeing, Lockheed, Raytheon, The, National Nuclear Security Administration, FBI, Drug Enforcement Administration, Service, Border Patrol, Coast Guard, Federal Trade, AFFAIRS U.S, National Institutes of Health, National Science Foundation, National Oceanographic, Atmospheric Administration, NASA, Space, Disease Control, Prevention, Food and Drug Administration, Securities, Exchange, Commodities, Futures Trading, Federal Reserve, Federal Deposit Insurance Corporation, Currency, Social Security Administration, Veterans Administration, Federal Emergency Management Agency, Education Department, White, Small Business Administration, National Labor Relations, National Security Council, Management, U.S . Postal, Thomson Locations: Washington , U.S, United States

☆ Planet Fitness's long-time CEO says he was 'blindsided' by abrupt firing that sent gym's stock plummeting — and barred him from talking to staff
▼ + stars: | 2023-09-21 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +5 min

Planet Fitness' board of directors asked its CEO Chris Rondeau to step down last week. Rondeau told Insider he was "blind sided" by the board's decision. Jefferies, JP Morgan, and other analysts have downgraded the stock due to concerns over Planet Fitness' executive transition. Rondeau has been a fixture at Planet Fitness nearly since the gym's founding. The former employee, Casey Willard, called Planet Fitness a "debaucherous" workplace.

Persons: Chris Rondeau, Rondeau, Katherine Long, Jack Newsham, Rondeau's, Jefferies, JP Morgan, hasn't, Casey Willard, Willard, Beers, Peers, Donald Trump, Mike Grondahl, Grondahl Organizations: Service, Planet Fitness, Fitness, Company, Wall Street, Trump, Better Locations: Wall, Silicon, New Hampshire

INDIANAPOLIS (AP) — Indiana's attorney general has sued the state's largest hospital system, claiming it violated patient privacy laws when a doctor publicly shared the story of an Ohio girl who traveled to Indiana for an abortion. Rokita, a Republican, is stridently anti-abortion and Indiana was the first state to approve abortion restrictions after the court's decision. “Rather than protecting the patient, the hospital chose to protect the doctor, and itself.”The lawsuit named Indiana University Health and IU Healthcare Associates. It alleged the hospital system violated HIPPA, the federal Health Insurance Portability and Accountability Act, and a state law for not protecting the patient’s information. Hospital system officials have argued that Bernard didn’t violate privacy laws.

Persons: —, Todd Rokita’s, Caitlin Bernard, Roe, Wade, “, Bernard, Bernard didn’t, ” Organizations: INDIANAPOLIS, U.S, Supreme, Republican, Indiana University Health, IU Healthcare Associates, Insurance, Indiana Attorney, IU Health Locations: Ohio, Indiana, Indianapolis

☆ A legendary economist who called the 2008 recession says another downturn is knocking on the door — and warns stocks will end up falling 40% by the end of this market cycle
▼ + stars: | 2023-09-16 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Legendary economist Gary Shilling says the US economy is headed toward a recession — that is, if we're not already in one. "The Fed wants to make sure they've killed inflation," Shilling said. Shilling, who called the 2008 recession, pointed out that recessions sometimes don't start until the Fed has already begun to cut rates. The Federal Reserve Bank of St. LouisTrusted recession indicators are also signaling that a downturn is coming, Shilling said. The Conference BoardAs a result of the recession, Shilling expects stocks to fall significantly.

Persons: Gary Shilling, we're, It's, Shilling, Merrill Lynch, David Rosenberg, Louis, they're, Jeremy Grantham, John Hussman, Albert Edwards, Edwards Organizations: Federal Reserve, Fed, Federal Reserve Bank of St, Conference, Societe Generale Locations: there's

Planet Fitness said it is searching for its next chief both internally and externally. He's a franchisee of both Planet Fitness and Dunkin' Donuts and has been on Planet's board for six years. During his time as CEO, Rondeau led Planet Fitness's IPO and tripled its club base from about 700 to about 2,400 locations. "As we enter the next chapter of Planet Fitness' journey, the Board felt that now was the right time to transition leadership," Planet Fitness Chairman Stephen Spinelli Jr. said in a press release. "In today's evolving environment, Planet Fitness is continuing to enhance our competitive advantage, capitalize on our size and scale, and drive further shareholder value."

Persons: Chris Rondeau, Craig Benson, He's, Rondeau, William Blair, Sharon Zackfia, Zackfia, Rondeau couldn't, Michael, Marc Grondahl, it's, " Rondeau, Stephen Spinelli Jr Organizations: Planet Fitness, Planet Locations: New Hampshire, Dover , New Hampshire

☆ DeSantis' Disney board wants to cut millions from road fixes at the park. Meanwhile, it's facing huge legal fees to keep fighting Mickey Mouse in court.
▼ + stars: | 2023-09-14 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

DeSantis' Disney board may cut $3 million for roadway repairs and maintenance from its 2024 budget. The tentative budget cuts come as the board expects millions in legal fees in its battle against Disney. The chairman of the board slammed the ousted Disney board, accusing it of "cronyism." Chairman of the Central Florida Tourism Oversight District, Martin Garcia. Central Florida Tourism Oversight District, YouTubeThe district expects to spend over $2.6 million more in 2024 on legal fees — largely connected to DeSantis' ongoing feud with Disney.

Persons: DeSantis, Ron DeSantis, Florida —, Martin Garcia, Garcia Organizations: Disney, Service, Central, The Central, Politico, District Locations: Wall, Silicon, Florida, Central Florida, The Central Florida

☆ The CNBC FA 100 ranking recognizes advisory firms that help clients navigate big financial decisions
▼ + stars: | 2023-09-12 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Our mission is the primary driver behind the CNBC FA 100 list, now in its fifth year, which ranks the nation's top financial advisor firms. The CNBC FA 100 highlights firms that help clients navigate decisions beyond their investment portfolio. However, "it's that volatility where I think the value of a CFP professional or a professional advisor really makes a difference," he added. It's that volatility where I think the value of a CFP professional or a professional advisor really makes a difference. 10 questions to ask your next financial advisor

Persons: we're, what's, Kevin Keller, Goldman Sachs, there's Organizations: CNBC, AccuPoint Solutions, SEC, CFP, Federal Reserve Locations: Northwestern, U.S

☆ A 'rolling recession' in the US could morph into a full-blown slump - and the Fed's unlikely to slash interest rates in 2024, top strategist says
▼ + stars: | 2023-09-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The US economy is in a "rolling recession" and a full-blown downturn looms, Liz Ann Sonders says. Charles Schwab's chief investment strategist doesn't expect a bunch of interest—rate cuts in 2024. "The leading indicators have absolutely imploded," Liz Ann Sonders, the chief investment strategist at Charles Schwab, said during a recent episode of "The Meb Faber Show." "We've never seen this kind of deterioration in leading indicators" outside of an ongoing recession, she added. Sonders was referring to The Conference Board's Leading Economic Indicators (LEI), which fell for a 16th straight month in July.

Persons: Liz Ann Sonders, Charles Schwab's, doesn't, Charles Schwab, Faber, We've, Sonders, that's, it's Organizations: Service, shouldn't, Conference, Federal Reserve, Avatar Associates Locations: Wall, Silicon

☆ Activist Starboard has a variety of strategies to build value at Bloomin’ Brands
▼ + stars: | 2023-09-09 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Its restaurant portfolio includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar. But a better opportunity might be their hidden gem in the 150 Outback restaurants in Brazil. As for Starboard, the firm has had extensive success at both Papa John's and Darden, but in strikingly different ways. Papa John's was a very amicable engagement in which Starboard was invited onto the board and worked with management to create extensive shareholder value. If management is smart, they will view Darden as a warning, and Papa John's as the opportunity.

Persons: David C, George, Bloomin, outperforming Darden, Jeff Smith, Papa John's, Chris, Del Frisco's, accretive, Jana Partners, John P, Gainor, Lawrence V, Jackson, Jana, Papa, Darden, Ken Squire Organizations: Brands, Wine, Papa John's, Darden, Texas Roadhouse, LongHorn Steakhouse, Texas, Fogo De Chao, 13D Locations: United States, BLMN, Fogo De, Brazil

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