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☆ South Korea is working on an 'arsenal ship' in case it has to shower North Korea with missiles
▼ + stars: | 2023-08-31 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +9 min

If completed, they would be the first arsenal ships ever built and would mark another accomplishment for South Korea's burgeoning defense industry. AdvertisementAdvertisementThe arsenal shipAn illustration of a possible arsenal ship published in the US Navy's All Hands magazine in May 1995. South Korean interestA North Korean Hwasong ICBM in March 2022. Given the number and types of missiles South Korea's arsenal ships would carry, they could be involved in all three axes — all while staying mobile. AdvertisementAdvertisementHanwha Ocean's arsenal shipFew details about South Korea's arsenal ship program have been released.

Persons: Shoup, Neil Mabini, Haeseong Organizations: South, North, Service, International Maritime Defense Industry, South Korean, South Korea's Ministry of National Defense, US Navy, US, Russian Navy, Navy, RIM, MGM, Tactical Missile System, Air Force, Getty, Korea Air and Missile Defense, Korean, Daewoo Shipbuilding, Marine Engineering, Naval News, South Korea Defense Ministry, NUR Locations: North Korean, Wall, Silicon, South Korean, Busan, Soviet Union, Korean, Korea, Seoul, South Korea

☆ Comeback kids: These stocks could be ready to regain their 2023 momentum after rough August
▼ + stars: | 2023-08-30 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

As investors turn the page on a rough August, CNBC Pro found stocks that are set for comeback if the market regains its footing. Investors are in the last week of what has been a difficult month for stocks. CNBC Pro surfaced some stocks that could be due for a comeback. A slew of travel and entertainment names surfaced on the list. Expedia Group , MGM Resorts International and Wynn Resorts were other travel stocks that surfaced on the list.

Persons: David Sneddon, It's, Vivek Arya, Ralph Lauren, Jay Sole, — CNBC's Michael Bloom Organizations: CNBC Pro, Nasdaq, Investors, Wall Street, American Airlines Group, Caesars Entertainment, Cruise Line Holdings, Cruise, Expedia, MGM Resorts International, Wynn Resorts, Technology, Bank of America, UBS Locations: Beta

☆ Venice Film Festival 2023: What to Watch For
▼ + stars: | 2023-08-29 | by ( Kyle Buchanan | More About Kyle Buchanan | ) www.nytimes.com time to read: +1 min

A year ago, the Venice Film Festival had enough star power to put even celebrity-worshiping Cannes on notice. But without all of those celebrities, can Venice still go viral? That puts Venice in a bind, as it’s regarded as one of the best places for Hollywood to unveil starry awards-season titles. (A low-profile Italian film is opening instead.) And I’ve heard of a few more starry fall films that were earmarked for Venice but opted for the Telluride Film Festival instead, since that event is less driven by the photo ops and news conferences that are no longer feasible in Italy.

Persons: Olivia Wilde, Florence Pugh, Harry Styles, Chalamet, Brendan Fraser, Oscar, Luca Guadagnino’s, I’ve Organizations: Venice Film, Screen Actors, Writers Guild of America, Hollywood, ”, MGM, Telluride Locations: Venice, Cannes, Italy

☆ It Takes Patience to Live in a Famous House
▼ + stars: | 2023-08-25 | by ( Candace Taylor | ) www.wsj.com time to read: 1 min

Thanks to social media and Google maps, homes that are even moderately well-known can now be inundated with people eager to take selfies or relive on-screen moments. The real-life Dutch Colonial Revival house on which "The Amityville Horror" book and film series were based had a distinctive façade and windows that have since been renovated, in part, to discourage tourism. Photo: MGM/Entertainment Pictures/Zuma

Persons: Zuma Organizations: MGM, Entertainment Pictures

☆ Premarket stocks: How China's economic turmoil could hurt your portfolio
▼ + stars: | 2023-08-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Why it matters: “For most of the last two decades, China’s economic growth has been a major driver of the global economy,” said Alex Etra, a strategist at data analytics firm Exante. That means that if China’s economy slows down, global economic growth slows down. ExxonMobil (XOM) may not be doing too much business with China, said Etra, but if Chinese growth slows, that means oil prices go down. Earlier this year, Bank of America compiled a list of the S&P 500 companies with the highest exposure to China. The grand total of all the private wealth in the world fell 2.4% to $454.4 trillion last year, according to the annual Credit Suisse and UBS global wealth report.

Persons: Joe Biden, BlackRock, ”, Alex Etra, Michael Burry’s, Allison Morrow, That’s, Jason Hart, Winn, ” Hart, “, Ramishah Maruf Organizations: CNN Business, Bell, New York CNN, country’s National Bureau of Statistics, ExxonMobil, Apple, Intel, Starbucks, Nike, Bank of America, Las, Qualcomm, Nvidia, Wynn Resorts, WYNN, MGM Resorts, MGM, Funds, PitchBook, Michael Burry’s Scion Asset Management, Moore Capital Management, D1 Capital, Tiger Global, Securities, Exchange, Credit Suisse, UBS, Millionaires, Aldi, Dixie, Winn, CNN Locations: New York, Beijing, China, Ukraine, United States, Aldi, Winn

☆ Michael Burry, of ‘Big Short’ fame, just bet $1.6 billion on a stock market crash
▼ + stars: | 2023-08-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash. Burry is making his bearish bets against the S&P 500 and Nasdaq 100, according to Security Exchange Commission filings released Monday. Burry is using more than 90% of his portfolio to bet on a market downturn, according to the filings. The S&P 500 and Nasdaq 100 have both notched big gains so far this year. While one big payoff doesn’t guarantee future returns, Burry does have a strong investment record.

Persons: New York CNN — Michael Burry, Burry, bearish, “, ”, Michael Lewis, Christian Bale, JPMorgan Chase, Michael Burry’s, Scion’s Organizations: New, New York CNN, Nasdaq, Security Exchange, Scion Asset Management, First Republic Bank, Huntington Bank, Western Alliance, JPMorgan, JD.com, Scion, Expedia, MGM Resorts, MGM, CVS, CNN, Warner Bros ., Traders Locations: New York, China, Huntington

☆ Michael Burry of ‘The Big Short’ fame reveals potential big bets against the market, tech stocks
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Michael Burry, known for calling the subprime mortgage crisis, just unveiled potential massive bets against the stock market, according to a new regulatory filing released Monday. Burry's hedge fund, Scion Asset Management, owned put options against 2,000,000 shares of the SPDR S & P 500 ETF Trust , the popular ETF that tracks the S & P 500. These 20,000 options contracts were against shares worth $738.8 million at the end of the second quarter. The S & P 500 is off the last two weeks as investors debate whether the U.S. can skirt a recession and whether the Federal Reserve is done raising rates. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name.

Persons: Michael Burry, Burry, QQQ, Michael Lewis Organizations: Scion Asset Management, Trust, Scion, Nasdaq, CNBC, Federal, MGM Resorts, CVS Health Locations: Burry's, U.S

☆ Disney's future, a hot topic among Hollywood elite
▼ + stars: | 2023-08-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

[1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. REUTERS/Hannah McKay/File PhotoAug 14 (Reuters) - Hollywood's favorite parlor game of the week: What will Bob Iger do next? Another veteran media executive predicted Disney would spin off the television asset to its shareholders as a separate, publicly traded company by 2024, with private equity potentially playing a role. "You sell the parts, then sell what's left," said the veteran. Reporting by Dawn Chmielewski in Los Angeles; Editing by Kenneth Li and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Bob Iger, Hannah McKay, Walt Disney, Iger, Jeff Bewkes, what's, It's, Laura Martin, Dawn Chmielewski, Kenneth Li, Richard Chang Organizations: Walt Disney Company, Leicester Square, REUTERS, U.S ., Walt, CNBC, Reuters, ESPN, Disney, ABC, Disney Channel, NBA, Comcast, Hulu, Time Warner, Google, Facebook, Apple, Netflix, MGM, Needham, Thomson Locations: London, Britain, Culver City, New York City, U.S, Hulu, Hollywood, Los Angeles

☆ Rapper Tory Lanez sentenced to 10 years in prison for shooting Megan Thee Stallion
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +3 min

[1/3] Megan Thee Stallion arrives to attend the 2022 Billboard Music Awards at MGM Grand Garden Arena in Las Vegas, Nevada, U.S. May 15, 2022. REUTERS/Steve Marcus/File PhotoAug 8 (Reuters) - Canadian rapper Tory Lanez was sentenced on Tuesday to 10 years in prison, more than seven months after he was convicted of shooting fellow musical artist Megan Thee Stallion during an argument in 2020. Lanez was accused of shooting Grammy-winning rapper Megan Thee Stallion, 28, injuring her feet after a pool party in the Hollywood Hills in July 2020. Megan Thee Stallion, who was born Megan Pete, needed surgery and spent four days in the hospital before physical therapy allowed her to walk again. Megan Thee Stallion won Grammy awards for best new artist, best rap performance and best rap song in 2021.

Persons: Megan Thee Stallion, Steve Marcus, Tory Lanez, Megan Thee, Judge David Herriford, Daystar Peterson, Lanez, Megan Pete, Jose Baez, Baez, It's, Attorney George Gascon, Pete, Jane Ross, Jonathan Allen, Brendan O'Brien, Aurora Ellis, Lisa Shumaker Organizations: MGM, Garden, REUTERS, Daystar, Los Angeles Superior Court, Hollywood, New York Times, Megan Thee Stallion, Attorney, Thomson Locations: Las Vegas , Nevada, U.S, Los Angeles, Los Angeles County, New York

☆ Morning Bid: Triple-A headache
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +4 min

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. On Tuesday, Fitch became the second major agency, after Standard & Poor's in 2011, to strip the United States of its prized triple-A credit rating. Jefferies notes that, with two of the three major agencies listing U.S. debt at AA, U.S. bonds no longer count as AAA in some key indices. However, according to Jefferies, most investors have moved away from some of the stricter criteria around holding triple-A rated debt, given Germany is the only large issuer left with that rating. Chart shows that the U.S.'s long-term foreign currency rating was downgraded by Fitch to AA+ in 2023, following a similar move from S&P in 2011.

Persons: Rick Wilking, Amanda Cooper, Fitch, Jefferies, it's, Dupont Nemours, Kraft, Phillips, Ingersoll Rand, John Stonestreet Organizations: REUTERS, Standard, Capitol, Investors, Treasury, Moody's, Moody's Investors Service, U.S ., U.S, AA, AAA, CVS Health, Entergy, Kraft Heinz, Garmin, Brands, Bunge Ltd, Lincoln National, Occidental Petroleum, ETSY, Cognizant Technology Solutions, Atmos Energy, Equinix, Qualcomm, MGM Resorts, MetLife, Fitch, Reuters Graphics U.S, Thomson, Reuters Locations: Westminster , Colorado, U.S, United States, Aaa, Germany, Exelon, Albemarle, Occidental, Clorox

☆ Stocks making the biggest moves after hours: PayPal, Robinhood, Qualcomm, Clorox, DoorDash and more
▼ + stars: | 2023-08-02 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The company is calling for revenue ranging between $610 million and $645 million, while analysts called for $632 million, per Refinitiv. Qualcomm posted $8.44 billion in adjusted revenue, while analysts polled by Refinitiv forecast $8.5 billion. Zillow forecasts revenue of $458 million to $486 million, while analysts polled by FactSet are calling for revenue of $488.1 million. The company reported revenue of $494 million in the second quarter, while analysts polled by Refinitiv anticipated $473 million. The company posted $533 million in revenue, while analysts polled by Refinitiv sought $518 million.

Persons: Vlad Tenev, Baiju Bhatt, Etsy, DoorDash, FactSet, Qorvo, Refinitiv, Tripadvisor, Darla Mercado Organizations: Refinitiv, Qualcomm —, Qualcomm, MGM Resorts, MGM, PayPal, Refinitiv . Revenue, Unity Locations: New York City

☆ Storm Shadow missiles give Ukraine 'a much longer stick,' but Russia is already learning to adapt, expert says
▼ + stars: | 2023-07-31 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The Storm Shadow cruise missile is the latest highly touted weapon employed by Ukraine. Some observers believe Storm Shadow will be crucial to Ukraine's counteroffensive. The missile's 155-mile range allows Ukrainian jets to launch it while staying out of range of Russian air defenses. A British Royal Air Force Tornado GR4 loaded with four Storm Shadow missiles during a test over the Atlantic Ocean. Storm Shadow missiles, while effective, have a "very similar capability with a very similar payload used very much against the targets that ATACMS would have been used against," Kofman said on the podcast.

Persons: Storm Shadow, Michael Kofman, Cpl Mark Parkinson, HIMARS, we've, Kofman, Serhii, You'd, Biden, ATACMS, Michael Peck Organizations: Service, Carnegie Endowment, International, Royal Air Force Tornado, Storm, UK Ministry of Defence, Getty, MGM, Tactical Missile, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Wall, Silicon, Russia, France, Russian, Crimea, Kyiv, Kherson, Forbes

☆ Morning Bid: Asian markets face tough act to follow
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: +3 min

NEW YORK, July 31 (Reuters) - A look at the day ahead in Asian markets from Stephen Culp, financial markets columnist. Chinese stocks face the challenge of topping last week's 4.5% gain in the CSI 300 (.CSI300), the index's biggest weekly jump since November. Market participants are also scrutinizing the other side of the Sea of Japan for signs of life in the Chinese economy. Potentially market-moving U.S. indicators next week include manufacturing and services PMI. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Stephen Culp, Diane Craft Organizations: YORK, Japan's, CSI, Nikkei, Asia Pacific, Bank of Japan, Apple Inc, Western Digital Corp, Caterpillar Inc, Starbucks Corp, Qualcomm Inc, Marriott International, MGM Resorts International, Hotels, Resorts, PMI, Thomson, Reuters Locations: China, Japan, Beijing, United States, Australia, Korea

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

☆ July jobs report and more Big Tech earnings are in the week ahead after markets notch historic run for Dow
▼ + stars: | 2023-07-28 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

More Big Tech earnings and the jobs report are in the week ahead as investors wrap up a strong week that included a historic run for the Dow Jones Industrial Average . Jobs report out Friday Investors will digest the latest data from the July jobs report due out next Friday. "I don't expect any huge surprise from this jobs report next week," said Liz Young, head of investment strategy at SoFi. Earnings will continue to pour in next week, with key results from Big Tech companies Apple and Amazon on Thursday. Still, cooling inflation, strong jobs market and a resilient economy could spell a happy path for Wall Street.

Persons: Dow, Queen Victoria, Kim Forrest, Jerome Powell, Forrest, Nonfarm, Dow Jones, Liz Young, Bokeh's Forrest, they're, She'd, we've, SoFi's Young, Young, she'd, Stanley Black, Decker, The Kraft Heinz Organizations: Big Tech, Dow Jones, Dow, Cotton Oil, Bokeh Capital Partners, Meta, Federal Reserve, Pew Research, Apple, Semiconductor, Bank of Japan, Chicago PMI SA, Dallas Fed, Arista Networks, Western, Systems, PMI Manufacturing SA, ISM Manufacturing SA, Merck, Co, Caterpillar, Marriott International, Altria, Cruise Line Holdings, Pfizer, Marathon Petroleum, Molson Coors Beverage, SolarEdge Technologies, Devices, Caesars Entertainment, Electronic Arts, Starbucks, ADP Employment Survey SA, CVS Health, Fidelity National Information Services, Generac Holdings, Humana, The Kraft, Brands, MetLife, Marathon Oil, Occidental Petroleum, PayPal Holdings, Qualcomm, Etsy, Costco Wholesale, MGM Resorts, SA, PMI, Factory, PMI SA, News Corp, Constellation Energy, Moderna, Warner Bros, Discovery, Hasbro, ConocoPhillips, Kellogg, Booking Holdings, Expedia, Motorola Solutions, Monster Beverage, Manufacturing Payrolls SA, Nonfarm Payrolls SA, Dominion Energy Locations: United Kingdom, U.S

Despite a mixed earnings season so far, analysts are still optimistic on a host of stocks that have yet to report. By this week's end, more than half of S & P 500 companies will have reported quarterly earnings, according to The Earnings Scout. As analysts and traders look to the second half of the earnings season, these are some of the stocks with upward momentum heading into their reports. CNBC Pro screened S & P 500 stocks for those that are reporting next week and have seen the average analyst raise earnings estimates at least 10% when looking over a three- and six-month period. These stocks have also had their average targets for share prices raised in the last three months.

Persons: Tami Zakaria, Zakaria, destocking, Molson, — CNBC's Michael Bloom Organizations: CNBC Pro, MGM Resorts International, Gaming, MGM, Caterpillar, JPMorgan, Molson Coors, NRG Energy, ON Semiconductor Locations: Macao, Las Vegas, 2H23

☆ Tupac Shakur murder: Police search location in connection with rapper's death
▼ + stars: | 2023-07-18 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —The Las Vegas Metropolitan Police confirmed to CNN on Tuesday that it executed a search warrant at a location in Henderson, Nevada in connection with the ongoing investigation into the murder of musician Tupac Shakur in 1996. The statement from the LVMPD reads:“LVMPD can confirm a search warrant was served in Henderson, Nevada on July 17, 2023, as part of the ongoing Tupac Shakur homicide investigation. We will have no further comment at this time.”The location of the search has not been disclosed by authorities. Shakur was shot multiple times in Las Vegas in 1996 while leaving a boxing match at the MGM Grand hotel on the Las Vegas Strip. CNN reported at the time that authorities believed the rapper was the intended target of the shooting, but since 1996, the investigation has remained unsolved.

Persons: Tupac Shakur, Shakur, Suge Knight Organizations: CNN, Las Vegas Metropolitan Police, MGM, Las, Row, Cadillac Locations: Las, Henderson , Nevada, Las Vegas

☆ Marriott enters licensing deal with MGM to boost presence in Las Vegas strip
▼ + stars: | 2023-07-17 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

[1/3] Logo of Marriott hotel is seen in Vienna, Austria April 9, 2018. REUTERS/Heinz-Peter Bader/File Photo/File PhotoJuly 17 (Reuters) - Marriott International (MAR.O) said on Monday it entered a 20-year licensing agreement that will allow its loyalty members to earn and redeem existing points for booking stays at MGM Resorts International's (MGM.N) properties. The pair launched "MGM Collection with Marriott Bonvoy," which will allow members of the Marriott Bonvoy rewards program to earn and redeem points for stays at 17 MGM resorts across the United States and Canada. MGM's 40 million members will gain access to the Bonvoy loyalty program. Marriott will earn fees on total room revenue on the MGM Resorts that are part of the agreement, Marriott CEO Anthony Capuano said.

Persons: Heinz, Peter Bader, Marriott, Kate Xiao, Bill Hornbuckle, Bernstein's Xiao, Anthony Capuano, Barry Jonas, Aishwarya Nair, Shweta Agarwal, Will Dunham Organizations: REUTERS, Marriott, MGM Resorts, MGM, Cosmopolitan, Bernstein Hotels, Reuters, Truist Securities, Thomson Locations: Vienna, Austria, United States, Canada, Las Vegas, Marriott's, Bengaluru, Doyinsola, New York

☆ Britain's Entain to buy U.S.-based Angstrom Sports for $160 mln
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +1 min

July 17 (Reuters) - Ladbrokes-owner Entain (ENT.L) on Monday agreed to acquire U.S.-based Angstrom Sports for 122 million pounds ($159.5 million) as it looks to widen its footprint in the country. The acquisition of the sports modelling, forecasting and data analytics company will comprise a total consideration of 81 million pounds and contingent payments over three years, the company said in a statement. Over the years, Entain has added several betting groups to its portfolio to expand into Canada, the Netherlands and other parts of Europe. The acquisition of Angstrom is expected to be completed in the third quarter of 2023. ($1 = 0.7651 pounds)Reporting by Radhika Anilkumar in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Entain, Jette Nygaard, Andersen, BetMGM, Radhika Anilkumar, Dhanya Ann Thoppil Organizations: U.S, Sports, MGM Resorts, Angstrom, Thomson Locations: parlay, Canada, Netherlands, Europe, Bengaluru

☆ UBS just updated its 'highest conviction' stock list with picks to beat the market
▼ + stars: | 2023-07-17 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

In a list of "23 for '23" picks, UBS included Baidu , Grab , Merck , Salesforce , Li Ning and Siemens . It updated its stock selection, adding Yum Brands and MGM Resorts International to the list last month, and removing AbbVie and Corteva . Our 23 for '23 theme showcases our highest conviction stock ideas that aim to benefit from these inflections," stated the authors of the UBS report, led by Nadia Lovell. UBS added MGM Resorts International to its picks, with analysts "encouraged by the continued strength in Las Vegas and a healthy outlook for MGM." Manufacturing and technology company Siemens made the UBS list for being "at the forefront of the Industrial Internet of Things (IIoT) transformation."

Persons: Li Ning, Nadia Lovell, Salesforce, Taco, — CNBC's Michael Bloom Organizations: UBS, Baidu, Merck, Salesforce, Siemens, Yum Brands, MGM Resorts International, MGM, Software, Manufacturing, Industrial, Taco Bell Locations: Swiss, Las Vegas

☆ MGM & Marriott team up for long-term strategic licensing agreement
▼ + stars: | 2023-07-17 | 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 EmailMGM & Marriott team up for long-term strategic licensing agreementTony Capuano, MGM Resorts CEO, and Bill Hornbuckle, Marriott CEO, joins 'Squawk on the Street' to discuss why it matters to have more rooms in Las Vegas for Marriott, what MGM gets out of a partnership with Bonvoy, and more.

Persons: Tony Capuano, Bill Hornbuckle, Bonvoy Organizations: MGM, Marriott, MGM Resorts Locations: Las Vegas

☆ Marriott and MGM link loyalty programs in a bid on business travelers
▼ + stars: | 2023-07-17 | by ( Contessa Brewer | ) www.cnbc.com time to read: +3 min

Marriott and MGM Resorts International announced a partnership Monday to link their loyalty programs and give customers more options for cashing in. Under the deal, MGM guests in the United States can earn Marriott Bonvoy rewards points and Bonvoy members will in turn have access to 17 MGM properties when they spend their points. Those loyalty programs drive business and help to differentiate competitors at a time when travel is continuing to rebound from a pandemic pause. Marriott CEO Tony Capuano said MGM Resorts brings a wealth of intellectual property to the portfolio as well as entertainment, high-end culinary options and other one-of-a-kind experiences. Customers of MGM's sportsbook will earn Bonvoy points on some transactions, and Bonvoy members will see MGM sportsbooks marketing on the Marriott site.

Persons: Bill Hornbuckle, Bonvoy, Tony Capuano, Capuano, Hornbuckle, sportsbook, Adam Greenblatt, Dawn Giel, Jessica Golden, Kasey O'Brien Organizations: Marriott, MGM Resorts International, MGM, CNBC, Las, Cosmopolitan, MGM Resorts, Caesars, Entain Locations: United, Vegas, United States

☆ The media industry is in turmoil, and that's not changing anytime soon
▼ + stars: | 2023-07-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +11 min

All of this turmoil will be on investors' minds as the media industry kicks off its earnings season this week, with Netflix up first on Wednesday. Netflix, with a new advertising model and push to stop password sharing, looks the best positioned compared with legacy media giants. At the top of the list is contending with Disney's TV networks, as that part of the business appears to be in a worse state than Iger had imagined. The labor fight blew up just as the industry has moved away from streaming growth at all costs. Last week's ruling from a federal judge that Microsoft's $68.7 billion acquisition of game publisher Activision Blizzard should move forward serves as a rare piece of good news for the media industry.

Persons: Mike Blake, Bob Iger, Iger, Bob Iger's, Michael Nathanson, SVB, CNBC's David Faber, Nathanson, Producers –, Mark Boidman, Ross Benes, Benes, Comcast's NBCUniversal, Solomon, Boidman, Random, Paramount's Simon, Schuster, Tegna, Jason Anderson, Peter Liguori, Anderson, HBO Max, Homer, Marge Getty Organizations: Guild of America, Netflix, Alliance, Producers, Reuters, Disney, Disney's, Paramount Global, Comcast, Warner Bros, American Federation of Television, Radio Artists, Media, Solomon Partners, CNBC, Hollywood, Intelligence, ABC, Paramount, BET, NBC Sports, USA, Discovery, Activision, Federal Trade Commission, dealmaking, Microsoft, Tribune Media, Max, HBO, Amazon, MGM, Sky, Fox Corp, FOX Locations: Los Angeles , California, U.S, MoffettNathanson, Hulu

☆ Cramer gives his "haves" and "have nots" of the earnings season
▼ + stars: | 2023-07-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

It's earnings season, and CNBC's Jim Cramer is giving you his list of haves and have nots. On Thursday, Cramer listed the companies and sectors he thinks are currently thriving on the market alongside the ones he believes are not. Many of these companies, Cramer said, are thriving due to their focus on AI, especially Alphabet, Microsoft and Nvidia. Cramer highlighted a few other contenders also doing well in the tech space like Oracle , Salesforce and Adobe . When it comes to the have nots, Cramer pointed to phone companies, specifically AT&T and Verizon .

Persons: Jim Cramer, Cramer, what's, Wynn, Darden, Kohl Organizations: Microsoft, Apple, Meta, Nvidia, Tesla, Adobe, MGM, Verizon, Nordstrom Locations: Chipotle

☆ Meet the Mattel CEO who convinced Margot Robbie to become Barbie – and is being played by Will Ferrell in the movie
▼ + stars: | 2023-07-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +5 min

He earmarked Margot Robbie to play Barbie, and has driven the group's push to exploit its brands. Ryan Gosling as Ken and Margot Robbie as Barbie in "Barbie." Warner Bros.Self-deprecationAccording to Bloomberg, Mattel gave Warner Bros. and Gerwig huge creative license on the movie – including how Mattel and its bigwigs would be portrayed. Kreiz, with his chiseled jaw, pearly white teeth and broader good looks, might look more like Ken, played by Ryan Gosling, than the ghoulish CEO played by funnyman Will Ferrell. Ferrell is listed only as "Mattel CEO" in the film's credits, adding an element of ambiguity.

Persons: Barbie, Margot Robbie, Will Ferrell, Ryan Gosling rollerblading, Ken, Kreiz, Barbie's, He's, Greta Gerwig's, Robbie, Mattel, Greta Gerwig, Ryan Gosling, funnyman Will Ferrell, Ferrell, Oscar, Daniel Kaluuya, Barney, Lena Dunham, helming, Lily Collins, It's, Polly Pocket, David Zalubowski, Kreiz – Organizations: Mattel, Bloomberg, Service, Maker Studios, Disney, Endemol Group, Brother, Fox Kids Europe, London's, Warner Bros, MGM, Arch, Hasbro Locations: Wall, Silicon

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