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☆ 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) — Tennessee Titans wide receiver Treylon Burks was carted off in the final minutes against Pittsburgh on Thursday night with an injury. Burks tried to make a leaping fourth-down grab down the left sideline but saw the ball slip from his grasp. Medical staff from both teams came out to treat Burks, the 18th overall pick in the 2022 draft. Burks appeared to be able to wiggle his toes as he was being loaded onto the cart. The Titans said Burks had full movement of all his extremities, according to the broadcast on Amazon TV.

Persons: Treylon Burks, Burks Organizations: PITTSBURGH, — Tennessee Titans, Pittsburgh, Titans, Amazon, Philadelphia, Eagles

☆ In Public Art, Sometimes Subtlety Just Doesn’t Cut It
▼ + stars: | 2023-11-01 | by ( Blake Gopnik | ) www.nytimes.com time to read: +3 min

The challenge for Frankel’s video is to do that in the train hall, and it can’t. Frankel’s piece matches our expectations for screen-play rather than transcending them, which means we’re not likely to notice it at all. Like lots of critics, curators and artists, I’ve always thought it made a lot of sense to insert video art, or art of almost any kind, into our everyday lives and communal spaces. And up on the screens at Moynihan, Frankel’s piece functions, whether he wants it to or not, as another ad for us to ignore. But would corporate titans stand to see their ads screened alongside art that’s wild enough to outshine them?

Persons: Moynihan, we’ve, Frankel, I’ve, —, I’d, Marcel, “, Mona Lisa, it’s, William Kentridge Organizations: Amtrak, Art

☆ OpenAI CEO Sam Altman once said the only time he ever 'froze' was when he met his childhood idol Steve Jobs
▼ + stars: | 2023-11-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

OpenAI CEO Sam Altman said he let his nerves get the better of him when he met Steve Jobs. In a resurfaced interview clip, Altman called Jobs his "childhood idol." The OpenAI CEO has more recently been compared to tech titans like Jobs. AdvertisementAdvertisementSam Altman once became deeply starstruck after meeting his idol, Steve Jobs. AdvertisementAdvertisementThe OpenAI CEO has become a star within the tech world after his company launched the viral chatbot ChatGPT.

Persons: Sam Altman, Steve Jobs, Altman, — Organizations: Jobs, Service, Apple, Microsoft, Google, CNN Locations: Silicon Valley

☆ Mike Johnson tests his new power with risky gambit on Israel
▼ + stars: | 2023-11-01 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —New House Speaker Mike Johnson is already tying Washington in new partisan knots. Johnson surprises by picking Israel funding as his first test of credibilityJohnson’s hard ball play on Israel funding came as a surprise given that some of the urgency for ending the speakership impasse last week was to swiftly clear a funding package following the Hamas attacks. The Biden administration on Tuesday formally threatened to veto the House GOP’s standalone Israel aid bill. The inclusion of the offsets could indicate that Johnson needs to placate his most hardline members even to pass a measure as popular as Israel funding. Some other Senate conservatives are also at odds with their leader, backing the decoupling of Israel and Ukraine aid.

Persons: Mike Johnson, Kevin McCarthy, Joe Biden’s, Mitch McConnell, McCarthy, McConnell, Johnson, ” Beth Sanner, “, Biden, ” Sanner, Johnson’s, ’, Jared Moskowitz, ”, “ I’m, Marjorie Taylor Greene of, Rashida, Greene, George Santos, McConnell –, Donald Trump, –, Vladimir Putin, don’t, Rand Paul, he’s, ” Paul, CNN’s Manu Raju, Chuck Schumer, Antony Blinken, Blinken, Lloyd Austin, Putin, ‘ I’m Organizations: CNN, New, Washington, Republican, Republicans, stoke, Internal Revenue, GOP, Louisiana Republican, Democratic, Senate, National Intelligence, Central ”, White, Israel, National Republican, Extreme, Democrats, Jewish Democrat, “, GOP Rep, Democratic Rep, Democrat, New York Rep, titans, Taiwan, New York Democrat, US, NATO Locations: Israel, Louisiana, Ukraine, China, Russia, Washington, Gaza, Florida, Marjorie Taylor Greene of Georgia, Palestinian American, Michigan, Kyiv, Kentucky, United States, Moscow, Iran, Tehran, Baltic

He had eight catches for 130 yards and two TDs last week to set an NFL record with his sixth straight game with at least 125 yards receiving. Brown has 831 yards in his last six games and is currently on pace for 1,995 — slightly ahead of Johnson's record. Mahomes had won 13 straight games in the division, one shy of the longest streak since the merger held by Peyton Manning and Andrew Luck. Mahomes also saw an end to his streak of 35 straight games in the regular season or playoffs with at least one TD pass. The Panthers had lost 56 straight games when they trailed at any point in the fourth quarter for the longest streak since at least 1991.

Persons: Brown, Calvin Johnson's, Charley Hennigan, Elroy Hirsch, Don Hutson, QBS Will Levis, Marcus Mariota, Hall, Hall of Famer Fran Tarkenton, Levis, Bryce Young, Anthony Richardson, Aidan O’Connell, Dorian Thompson, Robinson, Tyson Bagent, Jaren, Kirk Cousins, Clayton, Young, Peyton Manning, Ryan Leaf, Zach Wilson, Trevor Lawrence, Mariota, Jameis Winston, Rick Mirer, Drew Bledsoe, BUSTER Kansas, Patrick Mahomes, Otto Graham, Mahomes, Andrew Luck, Drew Brees, San, Kyle Shanahan, Tyrod Taylor, Tommy DeVito, Ryan Leaf's, ___ Organizations: NFL, Miami Dolphins, Philadelphia Eagles, Levis, Atlanta, Hall of Famer, C.J, Arizona, Young, Stroud, Panthers, Denver, Chiefs, Broncos, Miami, Buffalo, San, Rams, Kansas City, Carolina, Sunday, Philadelphia, New York Giants, Jets, The Giants, Giants, Cleveland, Jacksonville, Chargers, Raiders, Eagles Locations: A.J, Tennessee’s, Stroud, Minnesota, San Francisco, Kansas

☆ NFL trade roundup: Commanders sell; Vikings add QB Josh Dobbs
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +10 min

ET deadline:--The Minnesota Vikings acquired quarterback Josh Dobbs and a 2024 seventh-round pick from the Arizona Cardinals for a 2024 sixth-round draft choice. --The Vikings also dealt left guard Ezra Cleveland to the AFC South-leading Jacksonville Jaguars in exchange for a sixth-round draft pick, per multiple reports. Cleveland was a second-round draft pick by the Vikings in 2020, and he started all 17 games in both 2021 and 2022. Cleveland was a second-round draft pick by the Vikings in 2020, and he started all 17 games in both 2021 and 2022. --The Buffalo Bills acquired veteran cornerback Rasul Douglas and a fifth-round draft pick from the Green Bay Packers in exchange for a third-rounder on Tuesday, NFL Network and The Athletic reported.

Persons: Joshua Dobbs, Matt Kartozian, Montez Sweat, Chase Young, Josh Harris, Young, Nick Bosa, Bosa, Washington, Jonathan Allen, Daron Payne, Josh Dobbs, Kirk Cousins, Dobbs, Kyler Murray, Ezra Cleveland, Dalton Risner, Donovan Peoples, Jones, Dan Campbell, Rasul Douglas, Douglas, Tre'Davious White, Jordan Love's, Aaron Rodgers Organizations: Arizona Cardinals, Baltimore Ravens, Washington Commanders, NFL, Chicago Bears, San Francisco 49ers, Young, NBA's Philadelphia 76ers, Washington, 49ers, Ohio State, Minnesota Vikings, Vikings, The Cleveland Browns, Cardinals, Arizona, Pittsburgh Steelers, Tennessee Titans, AFC, Jacksonville Jaguars, Denver Broncos, Detroit Lions, Browns, Peoples, Michigan, Lions, Cleveland, Buffalo Bills, Green Bay Packers, NFL Network, The Athletic, Packers, AFC East, Thomson Locations: Glendale , Arizona, USA, Young's, Ohio, Arizona, Minnesota, Cleveland, Detroit, Green, Buffalo

☆ Tech Titans Rebound From Tough Times as AI Fuels Optimism
▼ + stars: | 2023-10-30 | by ( Preetika Rana | Tom Dotan | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/ai/tech-titans-rebound-from-tough-times-as-ai-fuels-optimism-77038b3a

Persons: Dow Jones

☆ ‘We lost control of who we were.’ Why Phillip Lim’s return to fashion matters
▼ + stars: | 2023-10-30 | by ( Alex Rees | ) edition.cnn.com time to read: +16 min

(CNN) — The tears were flowing backstage at Phillip Lim’s latest runway show, as the fashion designer made has return to the New York Fashion Week last month after four years away. CNN: Did planning your return to New York Fashion Week take you back to when you launched 3.1 Phillip Lim in the first place? Models pose during the presentation of 3.1 Phillip Lim's Fall-Winter 2006 collection at New York Fashion Week on February 4, 2006. JP Yim/WireImage/Getty ImagesZhou: 3.1 Phillip Lim was founded on the idea of ‘why not?’Phillip and I were both 31-years-old. Does 3.1 Phillip Lim have that roadmap right now, or is the ‘second act’ still being written?

Persons: Phillip Lim’s, Lim, ”, Phillip Lim, Wen Zhou, Madison McGaw, Phillip Lim’s “, Zhou, it’s, ” Phillip Lim “, ” Lim, ‘, I’m, let’s, couldn’t, Phillip Lim's, JP Yim, ’ Phillip, Phillip, we’d, It’s, Ezra J, William, Tina Leung, Prabal Gurung, Laura Kim —, Slay, Eva Chen, Dimitrios Kambouris, Phillip Lim CNN, Liya Kebede, Liya, Phillip Lim Spring, Victor Virgile, ’, I’ll, You’ve, John Nacion, —, Sou Lai, That’s what’s Organizations: CNN, New York, titans, Zhou, Pacific Islanders, Getty, Sou Lai CNN Locations: New York, New, New York City

☆ Exclusive: Law firm tied to bankruptcy judge resignation did not make conflict disclosures -data analysis
▼ + stars: | 2023-10-30 | by ( Tom Hals | Thomson Reuters | Tom Hals Is An Award-Winning Reporter With Years Of Experience Working In Asia | ) www.reuters.com time to read: +8 min

Freeman also worked as a contract lawyer for Jackson Walker after leaving the firm. Jones and Jackson Walker signed off on the arrangement without disclosing the relationship, court papers show. Until then he was the busiest bankruptcy judge in the United States, overseeing the dissolution or restructuring of corporate titans ranging from Neiman Marcus to J.C. Penney. Bankruptcy judges often serve as mediators in complex cases that are being run by other judges. In the GWG bankruptcy, Jackson Walker on Nov. 30 asked the judge overseeing the case to appoint Jones as mediator.

Persons: David Jones, Jones, Jackson Walker, Elizabeth Freeman, Freeman, Neiman Marcus, J.C, Tom Kirkendall, Jackson, Debtwire, Tehum, Bruce Markell, Tom Hals, Dietrich Knauth, Alexia Garamfalvi, Amy Stevens, Grant McCool Organizations: Reuters, REUTERS, Staff, McDermott International, Houston, GWG Holdings, Wall Street, U.S, Circuit, Appeals, U.S . Department of, Tehum Care Services, Corizon, U.S ., Thomson Locations: Houston , Texas, U.S, WILMINGTON , Delaware, Texas, Houston, United States, Penney, GWG, Wilmington , Delaware, New York

☆ NFL Week 8: Patrick Mahomes out to make history against Denver Broncos
▼ + stars: | 2023-10-29 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +8 min

Jacksonville Jaguars @ Pittsburgh Steelers, 1:00 p.m. Jonathan Bachman/Getty ImagesTwo potential AFC playoff contenders face off when the Pittsburgh Steelers host the Jacksonville Jaguars on Sunday afternoon. Earlier this week, quarterback Kenny Pickett was asked why he thinks the team comes out of the gate so slow. ETJacksonville Jaguars @ Pittsburgh Steelers, 1:00 p.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: Kenny Pickett, Pickett, Sean McVay, McVay, ” McVay, Kevork Djansezian, Mike McCarthy, ” McCarthy, … I’ve, I’ve, CBS Trevor Lawrence, Jonathan Bachman, Mike Tomlin, ” Tomlin, Tomlin, ” Pickett, “ I’m, ”, Trevor Lawrence, Lawrence, “, ” Lawrence, CBS Patrick Mahomes, Jamie Squire, Patrick Mahomes, Mahomes, Sean Payton, Kareem Jackson, Locke, ProSieben MAXX Organizations: CNN, NFL, Buffalo Bills, Tampa Bay Buccaneers, Los Angeles Rams, Dallas Cowboys, FOX The Dallas Cowboys, NFC, Dallas, Pittsburgh Steelers, The Steelers, Rams, Pittsburgh, Cowboys, Texas, Jacksonville Jaguars, CBS, New Orleans Saints, Getty, AFC, Steelers, Jacksonville, Saints, ” Kansas City Chiefs, Denver Broncos, Los Angeles Chargers, Kansas City Chiefs, Chiefs, AFC West, Broncos, Green Bay Packers, Packers, Sunday Houston Texans, Carolina Panthers, Minnesota Vikings, Orleans Saints, Indianapolis Colts, New England Patriots, Miami Dolphins, New York Jets, New York Giants, Atlanta Falcons, Tennessee Titans, Philadelphia Eagles, Washington, Cleveland Browns, Seattle Seahawks, Baltimore Ravens, Arizona Cardinals, Cincinnati Bengals, San Francisco 49ers, Chicago Bears, Las Vegas Raiders, Detroit Lions, ESPN, 7Plus, ESPN Canada, CTV, TSN, RDS, DAZN, Fox Sports, Sky Sports UK, Sky Sports, ITV, Channel, NBC, FOX, Amazon Locations: Los Angeles, Pittsburgh, ”, Kansas, Denver, Australia, 7Plus Brazil, RDS Germany, DAZN Mexico

☆ Republicans are desperate for attention — and it's decimating their ability to govern
▼ + stars: | 2023-10-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +15 min

In the end, the only man who could unify House Republicans behind him was a relatively little-known and mild-mannered evangelical Christian from Louisiana. AdvertisementAdvertisementAs the speaker saga wore on, it provoked questions among some House Republicans: How could it be that they had failed to elect a speaker for so long? While Gaetz maintains otherwise, his angry GOP colleagues have plenty of evidence to make their case that it was an attention ploy. Rep. Matt Gaetz surrounded by reporters and cameras after the House voted to oust Kevin McCarthy from the speakership. The attention economy doesn't preclude an ability to govern — an effective politician might seek to harness their celebrity towards worthy ends.

Persons: Mike Johnson's, Matt Gaetz, Kevin McCarthy, Garrett Graves, Sen, Thom Tillis, Madison Cawthorn, Tillis, Drew Angerer, Greg Murphy of, Nancy Mace, McCarthy, Mace, I'm, Win McNamee, Josh Hawley, Ronald Reagan, Donald Trump's, Nicole Wallace, Obama, JD Vance, Ohio, Vance, Ted Cruz, Jose Luis Magana, denialism, Jim Jordan, Marjorie Taylor Greene, Brett Kavanaugh, Jen Psaki, Symone Sanders, it's, Rep, Alexandria Ocasio, Cortez, Kelly Armstrong, Adam Schiff, Chip Somodevilla, Bob Good, Virginia, Gaetz, —, Ken Buck, Colorado, Hawley deadpanned, Mike Lawler, I've, Cruz, Buck, Joe Biden, Liz Cheney Organizations: Republicans, GOP, North Carolina Republican, Getty, Twitter, South Carolina, Republican, Rep, Fox News, Republican Party, Conservative Political, Conference, AP, Cannon, South, Democratic, Supreme, Biden, MSNBC, Democrats, Capitol, New York Post, Colorado Locations: Louisiana, Florida, Greg Murphy of North Carolina, Missouri, Hollywood, California, South Carolina, Alexandria, Cortez of New York, Ukraine, New York, Ted Cruz of Texas

☆ The shaky stock market is making Americans feel uneasy
▼ + stars: | 2023-10-27 | by ( Bryan Mena | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Americans’ moods soured this month, largely due to a wobbly stock market. The survey also showed that Americans became more pessimistic about the economy’s outlook for the year ahead. The tech-heavy Nasdaq tilted into correction territory Thursday as shares of some Big Tech companies slipped. Meanwhile, Americans’ inflation expectations for the year ahead worsened in October, jumping to 4.2% from 3.2% in September, the highest reading since May. The Federal Reserve pays close attention to inflation expectations, particularly longer-term expectations.

Persons: Joanne Hsu Organizations: DC CNN, University of Michigan’s, Consumers, Investors, Federal Reserve, Treasury, Meta, Microsoft, Google, Big Tech, Apple, Nvidia, Fed Locations: Washington

☆ The NBA is shooting for a new media rights deal worth up to $60 billion, nearly triple its previous pact, that will pay teams and players millions more
▼ + stars: | 2023-10-27 | by ( James Faris | Margaret Fleming | ) www.businessinsider.com time to read: +11 min

Media analysts widely expect the league to select at least three distributors for its next media rights deal after the current setup expires in 2025. Comcast's NBCUniversal could be a frontrunner for a spot in the NBA's new media deal alongside Amazon, Nispel said. NBA players could be poised to earn sky-high paydaysThe NBA's last media deal — the $24 billion contract it struck in 2014 — was nearly triple the value of its previous pact. The pressure is now on the NBA to deliver a media deal that satisfies teams, athletes, and fans. Still, Macquarie media analyst Tim Nollen is optimistic about the size of the NBA's next media rights deal.

Persons: Jessica Reif Ehrlich, disruptors, Brandon Nispel, Nispel, —, Shirin Malkani, who's, Perkins, Leron Rogers, that's, Mark Patricof, Tim Nollen, Nollen, Reif Ehrlich, Ehrlich Organizations: NBA, Media, ESPN, Warner Bros, TNT, Disney, Apple, NBC, Comcast, Wall Street, Bank of America, NFL, MLB, NHL, KeyBanc Capital, Amazon, Flagship, ABC, Prime, Industry, Patricof, Macquarie, Diamond Sports

The Philadelphia Eagles couldn’t wait to upgrade at safety, acquiring two-time All-Pro Kevin Byard from the Tennessee Titans earlier this week. “This is my eighth season and I’m feeling really good, coming off a bye week, too. The 29-year-old Henry can be a free agent after the season so he should be considered a half-season rental. Henry makes sense for Tampa Bay even though the team wants to build around younger players. The Dolphins (5-2), Lions (5-2) and Jaguars (5-2) are among the top possibilities if the Commanders deal Young.

Persons: Kevin Byard, C.J, Gardner, Johnson, it’s, ” Byard, “, I’m, DERRICK HENRY The, wouldn’t, He’s, Henry, Baltimore, Lamar Jackson, Gus Edwards, Jerry Jones, Dallas isn’t, Jalen, Daron Payne, Montez Sweat, Young, BRIAN BURNS, Burns, Bryce Young, JUSTIN SIMMONS, Simmons, MARQUISE BROWN, ” Brown, hasn’t, Kyler Murray, Brown, ___ Organizations: NFL, Philadelphia Eagles, Tennessee Titans, Philadelphia Eagle, DERRICK HENRY The Titans, Ravens, Buccaneers, Dobbins, Tampa, NFC, Cowboys, Dallas, Eagles, Titans, CHASE, The Dolphins, Lions, Jaguars, Bowl, Carolina Panthers, Panthers, Broncos, The Seahawks, Bengals, Steelers, Chiefs, Chargers Locations: Tennessee, J.K, Brown, Washington, Miami, Detroit, Buffalo, Jacksonville, Francisco, Denver, Baltimore, Arizona

☆ Real big energy: Exxon and Chevron swim upstream: podcast
▼ + stars: | 2023-10-26 | by ( Jonathan Guilford | ) www.reuters.com time to read: 1 min

NEW YORK, Oct 26 (Reuters Breakingviews) - The two US oil titans unveiled acquisitions worth more than $100 bln combined within weeks of each other. In this Viewsroom podcast, Breakingviews columnists discuss what’s powering the renewed consolidation push, as well as the threats posed to the industry by a greener market. Listen to the podcastFollow @JMAGuilford on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Oliver Taslic Organizations: Reuters, Thomson

☆ Billionaire GOP mega-donor Ken Griffin may have a new Republican fave
▼ + stars: | 2023-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Citadel founder Ken Griffin said his one-time favorite candidate, Florida Gov. Griffin, who has been looking for an alternative to former President Donald Trump, called Nikki Haley a rockstar. Griffin was speaking at the Robin Hood conference in New YorkNEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementBillionaire Citadel founder Ken Griffin may have a new favorite candidate in the GOP presidential primary.

Persons: Ken Griffin, Ron DeSantis, Griffin, Donald Trump, Nikki Haley, Robin Hood, —, Paul Tudor Jones, Haley, DeSantis, Chris Christie —, Steve Cohen, Robin Hood —, Joe Biden Organizations: Citadel, Florida Gov, Robin, Service, Billionaire, South Carolina Gov, New, New York City, Trump, Citadel Securities, SEC Locations: Iowa, New York, New Jersey, New Hampshire

☆ Jefferies analyst says Microsoft can take cloud market share away from Amazon
▼ + stars: | 2023-10-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

As the tech titans prepare to square off in the great battle for cloud computing, Jefferies analyst Brent Thill says only two firms are likely to emerge as front-runners. "This is really a two-horse race, it's Amazon and Microsoft, " he told CNBC's " Squawk on the Street " on Wednesday. However, Thill believes Microsoft can take market share from the e-commerce giant. Big Tech was in focus Wednesday after Microsoft posted better-than-expected quarterly results that sent the stock up more than 2% . Google parent Alphabet, meanwhile, posted disappointing third-quarter cloud revenue and shares fell 9%.

Persons: Brent Thill, CNBC's, Thill, … Amazon's, Amazon's Organizations: titans, Jefferies, Microsoft, Tech, Google

☆ Despite Israel-Hamas War, It’s (Nearly) Business as Usual at Saudi Investment Forum
▼ + stars: | 2023-10-24 | by ( Stephen Kalin | Eliot Brown | ) www.wsj.com time to read: 1 min

Deals worth billion dollars are expected to be signed over the next three days at the Future Investment Initiative conference in Riyadh, Saudi Arabia. Photo: fayez nureldine/Agence France-Presse/Getty ImagesRIYADH, Saudi Arabia—The titans of Wall Street chatted under crystal chandeliers. With the Israel-Hamas war intensifying 900 miles away, the gathering made for an awkward split screen. The world’s business elite had come together for the Future Investment Initiative—nicknamed “Davos in the Desert”—where topics of discussion included artificial intelligence, futuristic planned cities and the growing perils of higher interest rates and rising debt loads.

Persons: fayez Organizations: Future Investment Initiative, Agence France, Getty Images, Saudi Arabia —, titans, Future Investment, “ Locations: Riyadh, Saudi Arabia, Getty Images RIYADH, Israel, “ Davos

Without directly referencing the devastation of the Israel-Hamas war, the first lady announced Tuesday that "we’ve made a few adjustments to the entertainment portion” of the dinner. Albanese is the fourth world leader to be honored with a state visit during Biden's term, after the leaders of France, South Korea and India. Hundreds of lawmakers, business titans and celebrities are typically invited to state dinners, but the White House keeps the guest list secret until just before people start arriving for the black-tie affair. The dinner program, including an exchange of toasts, will unfold in a temporary pavilion being built on the White House lawn. The White House said postponing was not an option, casting Albanese's visit as part of the important diplomatic balancing act that a president must undertake with U.S. allies worldwide.

Persons: Jill Biden, we’ve, Anthony Albanese, Katie Button, Joe Biden, Albanese, Biden, Karine Jean, Pierre, “, John Kirby, ” Albanese, Jodie Haydon Organizations: WASHINGTON, White House, Army and Air Force, Australian, House, Washington, Republican, White, Press, Biden, National Security Council Locations: Israel, Asheville , North Carolina, Australia, France, South Korea, India, Washington, United States

☆ Can Big Tech earnings save the stock market? What investors should know
▼ + stars: | 2023-10-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Big technology stocks may surprise to the upside when they report results in coming days. But even a better-than-expected quarter and companies' improved earnings and revenue forecasts may not be enough to save the market from its recent reversal, according to some professional investors. That continues Tuesday with results from Alphabet and Microsoft , followed by Meta Platforms on Wednesday and Amazon Thursday, all after the market closes. The earnings setup Heading into the earnings, many companies face easier comparisons over last year. Of the largest tech stocks, Meta Platforms is expected to show rapid revenue growth acceleration, at 21%.

Persons: Adam Sarhan, there's, Ken Mahoney, bode, Gene Munster, Bernstein's Mark Shmulik, Nvidia, Munster, Sarhan Organizations: Investments, Big Tech, Netflix, Microsoft, Meta, Federal, Asset Management, Federal Reserve Locations: what's, East, Europe

☆ China could strike far more than just flattops with its growing arsenal of 'carrier-killer' missiles, defense expert says
▼ + stars: | 2023-10-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

In the update, the Pentagon assesses China bolstered its missile stockpiles, specifically its DF-26 supply. The report shows that in 2022, China increased the number of intermediate-range ballistic missiles from 300 in 2021 to 500. "Numbers like that could change the DF-26 from a 'carrier killer' to just a 'ship killer,'" he said. The Pentagon said that in 2020 China "fired anti-ship ballistic missiles against a moving target in the South China Sea, but has not acknowledged doing so." DF-26 missiles attend the military parade in Beijing, capital of China, Sept. 3, 2015.

Persons: —, Theodore Roosevelt, I've, Tom Shugart, who's, Shugart Organizations: US Department of Defense, China, Pentagon, Service, China's, People's Liberation Army Rocket Force, titans, U.S . Navy, Getty, US, Center, New, New American Security, US Navy, Western Pacific, PLA Locations: China, Republic, Guam, New American, South China, Ruoqiang, South, Western, Taiwan, Japan, Beijing, Xinhua

U.S. futures rose while oil prices fell back. A barrel of benchmark U.S. oil fell 97 cents to $87.11 per barrel. Chinese stocks fell to a 1-year low early Monday as foreign investors sold off holdings. High yields make borrowing more expensive for everyone, and they slow the economy while dragging on prices for stocks and other investments. But higher oil prices threaten to add upward pressure.

Persons: Brent, Taiwan’s Taiex, Fumio, Australia’s, ” Stephen Innes, It’s Organizations: Israel, Foxconn Technology, Fortune, Apple, Nikkei, Dow, Nasdaq, Treasury, Management, Federal, Fed, Enphase Energy, Regions Financial, U.S Locations: HONG KONG, Gaza, Gaza City, Israel, Shanghai, Hong, Taiwan, Seoul, Europe, U.S

NASHVILLE, Tenn. (AP) — The defending NFC champion Philadelphia Eagles traded for two-time All-Pro safety Kevin Byard on Monday to help a banged-up secondary hours after beating the NFL's best offense, a person familiar with the deal told The Associated Press. The Eagles are sending the Tennessee Titans safety Terrell Edmunds and fifth and sixth-round draft picks in 2024, according to the person who spoke to the AP on condition of anonymity because the trade has not been announced. The Eagles limited Miami’s offense to season lows in points scored, total yards (244), passing yards (199), rushing yards (45) and time of possession (23:17). Reports of the trade came while Eagles coach Nick Sirianni talked to reporters and he said he couldn’t talk about those. Born in Philadelphia, Byard has started 111 of his 120 games and has not missed a game because of injury.

Persons: Kevin Byard, Terrell Edmunds, Nick Sirianni, ” Sirianni, Byard, ” Byard, Edmunds, C.J, Gardner, Johnson, Darius Slay, Brown, Ran Carthon, Rob Maaddi, Dan Gelston, ___ Organizations: NFC, Philadelphia Eagles, Associated Press, Eagles, Tennessee Titans, Super Bowl, Kansas City, Miami, Titans, Philadelphia, Pittsburgh, Tennessee, AP Pro Football, AP Locations: Tenn, Philadelphia, Tennessee, Detroit, Byard

☆ Treasury yields rise again as 10-year hovers near 5%
▼ + stars: | 2023-10-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

ET, the yield on the benchmark 10-year Treasury note rose by around 5 basis points to 4.9758%, while the yield on the 30-year Treasury bond climbed around 4 basis points to 5.1286%. U.S. Treasury yields ticked higher on Monday, hovering just below multiyear highs as investors continue to assess the prospect of higher-for-longer interest rates. Fed fund futures pricing reflects a 98% probability that the central bank keeps its main interest rate unchanged at the current target range of 5.25-5.5% at its next monetary policy meeting. Wall Street is awaiting a big week of corporate earnings, with tech titans Alphabet, Amazon, Meta and Microsoft all set to report. Auctions will be held Monday for $75 billion of three-month Treasury bills and $68 billion of six-month bills.

Persons: Jerome Powell Organizations: Treasury, Federal, Meta, Microsoft

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