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Congressman Stephen Buyer was convicted by a New York jury on Friday of trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc (TMUS.O) ahead of its $23 billion merger with Sprint. Prosecutors said at a trial that began on March 1 that Buyer bought Sprint stock after learning from a T-Mobile executive that the telecommunications companies were in merger talks in 2018 and engaged in another insider trading scheme in 2019. Buyer took the stand at trial and denied trading on inside information. Buyer made more than $100,000 from the Sprint trades and more than $200,000 on stock in Navigant Consulting Inc, which he purchased before Guidehouse acquired the company in 2019, according to prosecutors. Reporting by Jody Godoy in New York; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ ‘Everything Everywhere All at Once’ studio A24 captures Oscar spotlight
▼ + stars: | 2023-03-10 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +6 min

LOS ANGELES, March 10 (Reuters) - A24, the independent studio behind such films as “Everything Everywhere All at Once” and "The Whale," is poised to dominate this year’s Academy Awards, eclipsing Hollywood’s established studios and awards-hungry streamers that are spending millions on Oscar campaigns. Not since the heyday of Miramax in the 1990s has an independent studio garnered such attention, talent and box office success, entertainment industry insiders say. EVERYTHING EVERYWHEREThe first film A24 produced and financed, together with Brad Pitt’s Plan B Entertainment, was “Moonlight,” which won the Oscar for best picture in 2017. The studio has garnered 53 Oscar nominations in less than a decade, including best picture nods for “Lady Bird, “Minari” and “Room.”A24's film slate has grown at the pace of its cash flow - starting with three movies in 2016 to 15 in 2022. This year, it’s on track to produce about 15 films for theatrical release, eight documentaries and 10 television shows.

Based on traditional and long-abandoned fixed policy models, Cleveland Fed researchers reckon policy is already more aggressive than any of those rules suggest. The political and policy appetite for zero interest rates or quantitative easing - which seemed to chase estimates of R-star ever lower over the past decade - is gone. At the same time, real yields above 4% have proven unsustainable historically. Bhatia feels real yields somewhere in the middle is where markets will settle. Given the economy-wide accumulation of debt over recent years, real 10-year yields in a 1.5%-2.0% range probably works.

☆ Analysis: Governments could find avid buyers for record bond sales as ECB rates peak
▼ + stars: | 2023-03-08 | by ( Stefano Rebaudo | ) www.reuters.com time to read: +4 min

March 8 (Reuters) - Investors have rapidly revised up their expectations for euro zone interest rates, but with a peak now in sight, governments might find it much easier to allocate record bond sales thanks to a cocktail of attractive yields and available liquidity. Traders are confident the ECB will have a smooth start to unwinding its huge bond holdings, a process known as quantitative tightening (QT). Bond demand is set to accelerate as markets increasingly price in a peak for yields. “The euro area keeps having excess liquidity and is able to fund smoothly the government bond supply expected for this year,” said Erjon Satko, rates strategist at BofA. Some analysts say that no matter what national treasuries do, they will relieve the pressure of record bond supply.

☆ Income is back in fixed-income, says Neuberger Berman's Jamie Iselin
▼ + stars: | 2023-03-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIncome is back in fixed-income, says Neuberger Berman's Jamie IselinJamie Iselin, Neuberger Berman head of municipal fixed income, joins 'The Exchange' to discuss opportunities in municipal bonds.

☆ Global asset managers in China grapple with fraudulent investor schemes
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +4 min

Such scams have become so widespread that China's securities regulator issued a rare statement on Thursday cautioning investors against fund-raising schemes purporting to be from foreign asset managers. The online rackets add reputational risks for global asset managers already suffering from trademark disputes, geopolitical worries, and cut-throat competition in China. "Swindlers mushroom when the economy is bad," said an executive at a consultancy that serves global asset managers in China. "Cheaters and life-long learners ... some tech-savvy ones would even copy the programming of a foreign money manager's website," he said. Scams using Van Eck's brands first emerged in China's southern Guangdong and Southwestern Guangxi provinces, and later sprung up in central Sichuan province, the source said.

☆ New: Deni Marcus Shares Personal Backstory Of Her Cousin Susan Berman
▼ + stars: | 2023-03-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew: Deni Marcus Shares Personal Backstory Of Her Cousin Susan BermanDeni Marcus tells the personal backstory of her cousin Susan Berman, who struggled to maintain her inherited wealth exploring a writing career in Los Angeles that eventually ends in tragedy. Blood & Money premieres Tuesday, March 7 at 10pm ET on CNBC.

WASHINGTON — The U.S. House Foreign Affairs Committee voted Wednesday to advance a bill that would grant President Joe Biden the authority to ban TikTok, the Chinese social media app used by more than 100 million Americans. Yet even as Democrats objected, many of them said they did so regretfully, and they would have much preferred to support a version of McCaul's TikTok ban. "My bill empowers the administration to ban TikTok or any other software application that threatens U.S. national security." "It would be unfortunate if the House Foreign Affairs Committee were to censor millions of Americans," TikTok spokeswoman Brooke Oberwetter told CNBC in an email Monday. On Monday, the Biden administration released new implementation rules for a TikTok ban that applies only to federal government-owned devices, which was passed by Congress in December.

☆ House panel to vote on bill empowering Biden to ban TikTok
▼ + stars: | 2023-02-28 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

The legislation — introduced Friday and fast-tracked by Foreign Affairs Committee Chairman Mike McCaul — would empower the Biden administration to impose a nationwide TikTok ban under the International Emergency Economic Powers Act (IEEPA). Legal experts and even some TikTok creators have cited the Berman Amendment as a potential barrier to a nationwide TikTok ban because it may violate the Berman Amendment’s protections for electronic information. US officials have said that the data could benefit China by facilitating targeted misinformation campaigns or by providing it with intelligence targets. In seeking to restrict access to a specific social media platform, the bill risks violating Americans’ First Amendment rights to free expression, the ACLU said. “Would an entity be under the influence of China if the CEO’s sister had moved there, or married a Chinese person?

WASHINGTON — The U.S. House Foreign Affairs Committee plans to take up legislation Tuesday that would give President Joe Biden the authority to ban TikTok, the Chinese social media app used by more than 100 million Americans. 1153 will effectively leap frog several other proposals to ban TikTok that were previously introduced in the House and Senate, but haven't yet advanced through the committee process. My bill empowers the administration to ban TikTok or any software applications that threaten U.S. national security," McCaul said in a statement Monday. "It would be unfortunate if the House Foreign Affairs Committee were to censor millions of Americans," TikTok spokeswoman Brooke Oberwetter told CNBC in an email Monday. At the time, ByteDance was looking to potentially spin off TikTok to keep the app from being shut down.

☆ The favorite trade today of Steve Eisman, from 'The Big Short,' is incredibly simple
▼ + stars: | 2023-02-27 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Renowned investor Steve Eisman, who called and profited from the 2007 housing crisis, revealed his favorite trade in the rapidly changing investing landscape — short term Treasurys. "We're buying bonds, especially Treasurys," Eisman, senior portfolio manager at Neuberger Berman, said Monday on CNBC's " Squawk Box ." "Assuming that we take the Fed at its word, which is obviously questionable, rates will stay higher for much longer," Eisman said. The "Big Short" investor believes that the sharp ascent in yields has created a new paradigm in the investing world, making growth-oriented, technology stocks less appealing. Laddering bonds means building out a portfolio of issues with different maturities and then reinvesting the proceeds as the bonds mature.

☆ Watch CNBC's full interview with Neuberger Berman's Steve Eisman
▼ + stars: | 2023-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Neuberger Berman's Steve EismanSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss why Eisman has begun to buy bonds, the paradigm shift Eisman has noticed, and more.

☆ ‘Big Short’ investor Steve Eisman says the easy days of buying tech stocks to beat the market are over
▼ + stars: | 2023-02-27 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Gone are the days when investors could win by simply buying technology stocks, Steve Eisman of "The Big Short" fame said on Monday. The sharp rise in yields could dent the appeal for equities and hurt asset prices, especially those for growth-oriented stocks. So they've invested in tech stocks, and they've invested in hyper growth stocks, meaning big revenue growth, no earnings, and valuation be damned," Eisman said. "I think the days of investing in companies that have no earnings or have multiples of 200 times will be gone." "I'm not saying you stop buying tech, I think you have to be selective, when you're talking about companies... that have high revenue growth and have negative earnings," Eisman.

☆ The negative market turnaround is all about one thing: Rates
▼ + stars: | 2023-02-27 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Investors looking for something to blame the recent stock market swoon need only to look at the bond market. Given this recent trading action, market technicians are looking at rates as the key catalyst for stocks going forward. US10Y YTD mountain 10-year in 2023 This back and forth raises questions on who should investors listen to: the stock market, or bonds. The stock market has been viewed by market participants as expecting the Fed to successfully cool inflation while avoiding a recession, a scenario referred to as a "soft landing." "The upward pressure on the terminal rate had an adverse effect on the stock market.

☆ The days of beating the market by just investing in tech are over: Neuberger Berman's Eisman
▼ + stars: | 2023-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe days of beating the market by just investing in tech are over: Neuberger Berman's EismanSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss why Eisman has begun to buy bonds, the paradigm shift Eisman has noticed, and more.

☆ Aaron Rodgers emerges from darkness retreat
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

February 23 - Aaron Rodgers returned to the light. The Green Bay Packers star quarterback emerged from his four-day darkness retreat Wednesday in Oregon, the facility's owner told ESPN. The NFL world awaits Rodgers' decision, with the Packers and other interested parties eager to be enlightened regarding his football future. Scott Berman, owner of Sky Cave Retreats, told ESPN that Rodgers' repose was spent in a 300-square-foot room that is devoid of natural light. Rodgers is due $59.5 million in guaranteed money in 2023 and $49.25 million in 2024.

☆ Trump, FBI Director Wray can be deposed in lawsuits by ex-officials Strzok and Page, judge rules
▼ + stars: | 2023-02-23 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

FBI Director Christopher Wray speaks during a Senate Select Committee on Intelligence hearing about worldwide threats, on Capitol Hill in Washington, DC, U.S., April 14, 2021. Trump regularly attacked Strzok and Page starting in 2017, following the revelation that the pair sent anti-Trump texts while they were employed by the FBI and having an affair. Strzok and Page filed separate civil lawsuits in 2019 against the Justice Department and FBI. Strzok alleged he was fired "because of his protected political speech" in violation of his constitutional rights. The decision "was the result of unrelenting pressure from President Trump and his political allies in Congress and the media," Strzok's legal complaint alleged.

Strzok and Page factored prominently in Trump's contention that the FBI was politically biased against him. Page, who resigned her position as a senior FBI lawyer, sued over alleged privacy violations stemming from the leak of the messages. The Justice Department has argued that Strzok was fired for violating FBI policies and undermining trust in the bureau. Both Trump and Wray had resisted subpoenas to appear for depositions, arguing that Strzok had not cleared the high bar to depose senior government officials by showing that Trump and Wray had information relevant to the case. Representatives for Trump and the U.S. Justice Department did not immediately respond to requests for comment.

☆ Watch CNBC’s full interview with Neuberger Berman Group CIO Joseph Amato
▼ + stars: | 2023-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Neuberger Berman Group CIO Joseph AmatoJoe Amato, Neuberger Berman CIO, joins 'Closing Bell: Overtime' to discuss inflation, earnings, the Fed and the economy.

☆ Neuberger Berman's Joseph Amato says inflation will be higher than markets expect by year end
▼ + stars: | 2023-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeuberger Berman's Joseph Amato says inflation will be higher than markets expect by year endJoseph Amato, Neuberger Berman CIO, joins 'Closing Bell: Overtime' to discuss inflation, earnings, the Fed and the economy.

The case involves a group of consumers who contend Facebook exploited user data to maintain its market power. Representatives for Quinn Emanuel and Facebook declined to comment, and a spokesperson for Hagens Berman did not immediately respond to a message seeking comment. Scarlett in recent court filings said Quinn Emanuel was not respecting her view as a leading antitrust attorney based on her gender. Quinn Emanuel denied the claim, saying it has "worked very hard to be cooperative with all counsel on the case, including female counsel." Donato started the appointment process from scratch in January amid quarreling between Seattle-based plaintiffs' firm Hagens Berman and 900-lawyer Quinn Emanuel.

☆ A recession could be 'deeper than expected' this year, says analyst—here's what it means for your money
▼ + stars: | 2023-02-18 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Raheel Siddiqui, senior research analyst at Neuberger Berman, told CNBC Make It a recession in 2023 "will be more severe than expected." The labor market is strong, too, with a tiny unemployment rate of 3.4%. "In a plain-vanilla recession, earnings go down 20%. And when economic downturns occur at the same time as deflation, you can expect a larger-than-normal drop in earnings, Siddiqui said. The bottom quartile is entering a recession," Siddiqui said.

☆ Analysis: Investors seek uncorrelated assets on worries volatility will return
▼ + stars: | 2023-02-10 | by ( Laura Matthews | ) www.reuters.com time to read: +5 min

Yet some market participants are convinced the Federal Reserve’s fight against inflation will keep markets volatile and are allocating funds to so-called alternative investments. Those types of returns are not typical, however, and the performance of CTAs has been more muted in less volatile markets. Private markets raised $216.9 billion in 2022, putting assets at $1.4 trillion as at June 2022, from $311 billion in 2010, according to data provider Preqin. A 2023 study from State Street found that 68% of investors plan to increase their allocation to private markets in the next two to three years. "In that environment, stocks and bonds are likely to be more correlated."

☆ Neuberger Berman's Kevin McCarthy says Disney's Iger needs to address three things on earnings call
▼ + stars: | 2023-02-08 | 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 EmailNeuberger Berman's Kevin McCarthy says Disney's Iger needs to address three things on earnings callKevin McCarthy, Neuberger Berman, joins 'Closing Bell: Overtime' to discuss Disney earnings ahead of the company call about the report.

Part of the clash included a Hagens Berman partner accusing Quinn Emanuel of discounting her views based on her gender. Quinn Emanuel denied the allegation, calling it a "mystery." The two law firms on Friday night submitted their pitches to Donato about why he should appoint them solely rather than jointly to lead the consumer class. A representative from Hagens Berman did not immediately comment, and a Quinn Emanuel spokesperson declined to comment. Hagens Berman and Quinn Emanuel have been on opposite sides in other cases.

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