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☆ ‘Dr. Phil’ Show to End After 21 Seasons in Another Daytime TV Shakeup
▼ + stars: | 2023-02-01 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

The talk show “Dr. Phil” is set to end this year after 21 seasons, CBS said, the latest shift in daytime television programming as viewership declines. The network said Dr. Phil McGraw has chosen to move on from the hosting chair, from which he advised guests in an often dramatic fashion about addiction, mental health and other topics. CBS said Dr. McGraw would focus on creating prime-time programming once his final season ended later this year.

☆ New College of Florida’s President Fired Amid Shakeup
▼ + stars: | 2023-02-01 | by ( Arian Campo-Flores | ) www.wsj.com time to read: 1 min

The board of trustees at the New College of Florida, a small liberal arts college in Sarasota that Gov. Ron DeSantis has targeted for an overhaul as part of his higher-education agenda, fired its president and named the state’s former education commissioner as the interim replacement. In early January, the Republican governor named six new trustees to the 13-member board, including Christopher Rufo, a conservative activist known for his battles against critical-race theory. The governor’s administration has criticized the 700-student college for what it views as a left-wing ideological focus that is out of touch with the state’s values.

☆ John Malone prepares for a victory lap
▼ + stars: | 2023-02-01 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +7 min

Now the cable cowboy’s Liberty Media (FWONA.O) empire is trotting out its trademark financial razzle-dazzle to try and wring additional value out of its assets. Malone, Liberty Media’s chairman, is as renowned for his dizzying array of specialized equity issues, spinoffs and splits as he is for the telecom and entertainment companies that have been subjected to the intricate machinations. It excludes broadcaster Discovery, spun off from Liberty Media in 2005, and international broadband provider Liberty Global (LBTYA.O), hived off a year earlier. A more logical starting point would be 2001, when Malone carved Liberty Media out of telecom giant AT&T (T.N). Likewise, Liberty Media’s accompanying shakeup of its tracking stocks stands to further spotlight the value of Formula One.

☆ Wolfe Research downgrades WWE, says resistance to Vince Mahon's return could mean trouble ahead
▼ + stars: | 2023-01-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors hoping the recent leadership shakeup at WWE would be a knock-out may instead find themselves getting body slammed, Wolfe Research warned. "Stephanie McMahon's resignation and the Board's formal resistance to Vince's return indicate serious stress," Supino said in a Monday note to clients. Before coming into the co-CEO role, Stephanie left her position as chief brand officer to focus on family. There's also risk associated with Vince's return, he said, pointing to the potential for a ratings collapse due to fans disapproving of him. Supino said Vince's return could also aid competitors AEW and UFC as the companies try to poach talent.

☆ Pickleball is tech’s hottest new club. Here’s why it’s gaining popularity in Silicon Valley.
▼ + stars: | 2023-01-30 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I miss my South Brooklyn pickleball community, but hope to find a consistent place to play in San Diego. Maybe that officially makes me a woman in tech, because right now, it's the hottest club in the industry. I used to play tennis competitively, but I have so much more fun with pickleball. So if you work in tech, let's stop meeting over coffee and chat while dinking instead. These low barriers of entry, plus its social nature, make pickleball perfect for networking.

☆ Impossible Foods is laying off 20% of its employees in the third round of cuts at the company in roughly a year
▼ + stars: | 2023-01-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Impossible Foods is laying off 20% of its workforce, Bloomberg reported Monday. It's the third time in a year that Impossible has made cuts as plant-based meat sales slow down. The plant-based meat brand plans to eliminate 20% of its employees, Bloomberg reported on Monday, citing an unnamed source. A spokeswoman for Impossible Foods did not immediately respond to a request for comment from Insider. In January 2022, Impossible let go of a smaller group of "fewer than 15" employees, Bloomberg reported at the time.

☆ SeaWorld Shuffles Executives, Names Interim Financial Chief
▼ + stars: | 2023-01-27 | by ( Will Feuer | ) www.wsj.com time to read: +1 min

SeaWorld Entertainment Inc. is shuffling its executives, moving Chief Financial Officer Chelle Adams, who took that job less than a year ago, to the newly created role of chief transformation officer. Ms. Adams will work to streamline organizational processes and oversee business development and growth activities, the company said. SeaWorld named Jim Forrester, who joined the company in 2019, to the role of interim finance chief and treasurer. Mr. Miller will oversee all Florida parks, alongside another co-chief parks operations officer, Byron Surrett, who will oversee all non-Florida parks. The company also named three new park presidents, and promoted Shekufeh Boyle to the role of chief accounting officer.

☆ Salesforce appoints new board directors amid activist investor pressure
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +1 min

Jan 27 (Reuters) - Salesforce Inc (CRM.N) on Friday named three new board directors, including the chief of hedge fund ValueAct Capital, amid pressure from activist investors for better cost control and a management shakeup at the cloud-based software firm. The company appointed chief executive of hedge fund ValueAct Capital Mason Morfit, Mastercard (MA.N) finance chief Sachin Mehra and former chief executive of Carnival Corp (CCL.N) Arnold Donald to its board. Reuters reported on Thursday that Elliott Management Corp, the activist investment firm that recently made a multimillion-dollar investment in Salesforce, plans to nominate several director candidates. The company also said Sanford Robertson and Alan Hassenfeld, directors at Salesforce since 2003, will not stand for re-election. Reporting by Tiyashi Datta in Bengaluru; Editing by Sherry Jacob-Phillips and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Zelenskiy's party purges lawmaker for wartime trip to Thailand
▼ + stars: | 2023-01-27 | by ( Dan Peleschuk | ) www.reuters.com time to read: +1 min

KYIV, Jan 27 (Reuters) - Ukraine's ruling party has kicked out a lawmaker from its parliamentary faction after reports he had travelled to Thailand during Ukraine's grinding war with Russia sparked a public outcry. Tyshchenko said on Facebook he had been on a business trip in Asia with approval of party leaders, "acting exclusively in the interests of Ukraine". The winter visit to sun-soaked Southeast Asia comes amid a crackdown by President Volodymyr Zelenskiy aimed at projecting an image of greater accountability for officials. Zelenskiy has announced a ban this week on private trips abroad by officials. Most Ukrainian men aged 18-60 have already been barred from leaving the country under martial law since Russia launched its full-scale invasion in Februrary last year.

☆ Jim Cramer's top 8 things to watch in the market Friday: Intel sinks, Salesforce board shakeup
▼ + stars: | 2023-01-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Intel (INTC) catches multiple price target cuts on Wall Street after missing estimates with fourth-quarter earnings and revenue. Piper Sandler raises On Semiconductor (ON) price target to $85 per share from $75; keeps overweight (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Jim Cramer's Investing Club meeting Friday: Inflation, semiconductors, Salesforce
▼ + stars: | 2023-01-27 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch wage inflation Stocks rose on Friday after the goverbment released its monthly personal consumption expenditures price index — the Federal Reserve's preferred inflation metric. Don't sell Salesforce Salesforce (CRM) on Friday confirmed the appointment of three new board members . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Facing growing calls for reform, Salesforce could use some fresh faces on its board
▼ + stars: | 2023-01-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

The enterprise software giant is considering at least three potential board appointees, Bloomberg News reported Thursday , citing people with knowledge of the matter. Among those reportedly in conversation to join Salesforce's board are former Carnival Cruise CEO Arnold Donald, Mastercard CFO Sachin Mehra and Mason Morfit, the chief executive of ValueAct Capital. And the firm is now planning to nominate candidates for Salesforce's board, The Wall Street Journal reported Thursday . Bottom line We're encouraged by the Bloomberg report because Salesforce's board could undoubtedly use a refresh, with multiple directors having served for 10 years or more, according to FactSet. New board members, coupled with growing activist pressure, could could be just the boost Salesforce needs and that the market wants to see.

Jan 26 (Reuters) - U.S. Soccer sporting director Earnie Stewart and men's team general manager Brian McBride have decided to vacate their positions amid an ongoing shakeup at the organization, the federation said on Thursday. The federation said it was seeking a new sporting director, who will be charged with hiring the men's team's next head coach after Gregg Berhalter's contract expired at the end of last year. Anthony Hudson will serve as the men's coach until a permanent head coach is named, and U.S. Soccer said it has hired Sportsology Group to lead the search for the next sporting director. It has been embroiled in turmoil since returning from Qatar amid a bitter dispute between Berhalter, U.S. midfielder Gio Reyna and his parents. He has said he hopes to be rehired as the team's head coach and U.S. Soccer president Cindy Parlow Cone has said he is a candidate.

☆ Akio Toyoda steps down: Toyota names Koji Sato new CEO
▼ + stars: | 2023-01-26 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Toyota’s longtime president and CEO Akio Toyoda is stepping down and handing over the reins of the world’s largest automaker to Lexus chief Koji Sato. The Japanese company announced the shakeup Thursday, saying that Toyoda would be appointed chairman of the board as Sato takes over daily management. Takeshi Uchiyamada, Toyota’s current chairman, will resign from his post but remain on the board, the company said. “I believe that over the past 13 years, I have built a solid foundation for passing the baton forward.”Akio Toyoda, president of Toyota, speaking at the company's showroom in Tokyo on Dec. 14, 2021. Sato will take over as CEO of Toyota in April.

Ukraine's long-running struggle with graft has taken on added significance as Kyiv battles for survival while also pursuing a bid to join the European Union. But tackling graft has become more urgent since the European Union offered Kyiv candidate member status last June, months after Russia's invasion. The Ukrainian public, exhausted by 11 months of war, was also clearly a key intended audience for the sackings and resignations. But the same poll, which included nearly a thousand respondents across government-controlled Ukraine, found that 84% trusted Zelenskiy - up from 27% a year earlier. Additional reporting by Geert De Clercq; Editing by Tom Balmforth and Mike Collett-WhiteOur Standards: The Thomson Reuters Trust Principles.

☆ Top hedge funds earned sharply less for clients in 2022, LCH data shows
▼ + stars: | 2023-01-23 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Jan 23 (Reuters) - The 20 best performing hedge fund managers earned $22.4 billion for investors in 2022, marking their slimmest gains since 2016 as many firms, including Tiger Global Management, struggled with slumping financial markets, LCH Investments data show. The top 20 managers, led by Ken Griffin's Citadel, Bridgewater Associates and D.E. Overall, hedge funds lost $208 billion in 2022 for clients, marking the biggest single-year decline since 2008, when they lost $565 billion, LCH data showed. Hedge funds, which were jointly managing $3.3 trillion on Dec. 31, 2022, according to eVestment data, often promise to outperform, especially when markets are stumbling. Shaw, Millennium Management, Soros Fund Management, Elliott Management, and Viking Global Investors also ranked in the top 10.

☆ Morning bid: Netflix flickers
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +4 min

With the macro picture turning foggy again, streaming giant Netflix (NFLX.O) generated a rare bright spark in an otherwise gloomy corporate earnings season. But it has bounced back more than 60% from the lows of last June and the leadership shakeup may not shape the road ahead. With aggregate S&P500 earnings tracking a year-on-year contraction of about 3% for the fourth quarter, the Netflix news was welcome. In wider markets, a dour Thursday showed some retreat of the early year optimism on peaking central bank interest rates. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Netflix founder Reed Hastings is giving up CEO role
▼ + stars: | 2023-01-19 | by ( Rebecca Picciotto | ) www.nbcnews.com time to read: +1 min

Netflix’s Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced along side its earnings report Thursday. Greg Peters, most recently Chief Operating Officer, will assume the post of co-CEO in Hastings’ place. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the same time that Peters was appointed to his COO role. The succession announcement comes alongside the company’s fourth-quarter earnings report. The succession announcement comes alongside the company’s fourth-quarter earnings report.

☆ Netflix added more Q4 subscribers than expected ahead of a shakeup in its executive ranks
▼ + stars: | 2023-01-19 | by ( Travis Clark | Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Netflix added more than 7 million subscribers in the fourth quarter, significantly more than expected. Greg Peters, the company's former COO who led its push into advertising, will take over the role. The stronger-than-anticipated subscriber growth comes as the company announced a shakeup in its top ranks: Netflix's co-founder Reed Hastings has stepped down as co-CEO. Following this report, Netflix will no longer provide subscriber forecasts but will continue to provide revenue guidance. In his role as COO, Peters led the company's expansion into advertising as the company sought new revenue drivers.

☆ Netflix founder Reed Hastings is giving up his CEO role
▼ + stars: | 2023-01-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Netflix co-founder and CEO, Reed Hastings, is in Sydney to meet with executives of other subscription streaming services, February 25, 2022. Netflix founder Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced alongside its earnings report Thursday. Hastings co-founded Netflix in 1997. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the same time that Peters was appointed to his COO role. Scott Stuber, who was previously the head of global film, will step in as chairman of Netflix Film.

☆ FTX money trails leading to politicians, media, and other crypto exchanges point to the deep influence of Sam Bankman-Fried
▼ + stars: | 2023-01-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Here's what Bankman-Fried seemed to be aiming at: Stash money with all the right people, while lobbying for policy favorable to FTX. As CoinDesk reported this week, 37% of Congress took money from Bankman-Fried and other FTX executives. House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer were among the 196 senators and representatives that received funds. Other lawmakers included some who were just sworn into congressional ranks this month, which points to Bankman-Fried possibly seeking to hold sway over new members. GOLDMAN SACHS stock price on Jan. 19, 2023 Markets Insider10.

☆ Israel's Netanyahu defends plan to rein in judiciary
▼ + stars: | 2023-01-13 | by ( Maayan Lubell | ) www.reuters.com time to read: +2 min

In a video response to stark criticism by Supreme Court President Esther Hayut, Netanyahu said the draft law could be tweaked but critics were exaggerating the changes proposed. Hayut on Thursday said that if implemented as outlined by Justice Minister Yariv Levin, the reform would compromise judiciary independence. "If the plan is realized, (Israel's) 75th anniversary will be remembered as the year the country's democratic integrity suffered a mortal blow," he said. Backers of the bill have long accused the Supreme Court of overreach and elitism. They say the changes would restore balance between the judiciary, executive and legislature.

☆ The contender for tech's next big boom or bubble is here
▼ + stars: | 2023-01-13 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +5 min

It's the hunt for big paydays that keeps VC markets a little frothy when new tech like generative AI hits the scene. And a bubble is only a bubble in the rear-view — in the moment, it's just making sure you don't miss out on the future. Generative AI tools can be used to create a variety of texts and images like this one, which was produced by OpenAI's DALL-E 2. But could generative AI be the next bubble in tech? Click here to read whether the next tech bubble is already here.

☆ Bank earnings are under way. Here are the biggest storylines everyone on Wall Street is focused on.
▼ + stars: | 2023-01-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Starting today, the six big US banks (Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo) report their Q4 and year-end earnings. But instead of a boring preview on what to expect, I figured I'd have some fun by setting gambling lines on some of the biggest storylines heading into earnings. OK, let's get into the biggest storylines and their odds:David Solomon discusses the recent headcount reduction at Goldman Sachs. What'll be interesting is if he teases even more cuts coming down the line as the bank looks to cut costs. (-150)Background: The bank got ahead of this one by announcing its plans to step back from mortgages earlier this week.

☆ Pepsi is changing its Zero Sugar recipe
▼ + stars: | 2023-01-13 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Pepsi Zero Sugar will soon taste different. Pepsi Zero Sugar’s tweaked formula comes about a year after debuted a refreshed Coca-Cola Zero Sugar recipe. From a sales standpoint, Pepsi Zero Sugar has struggled against main rival Coke Zero Sugar. “Pepsi can no longer be satisfied having an also-ran to Coke Zero Sugar,” Duane Stanford, editor and publisher of Beverage Digest, told CNN. “Reformulating Pepsi Zero Sugar is a line in the sand that says it’s time to compete in earnest for share in the most important cola segment today.”He added that “reformulation is a must to compete effectively,” because customers like sweeter colas.

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