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☆ Unicorn indie-film studio A24 is in talks to buy the Cherry Lane Theatre, New York's oldest off-Broadway theater
▼ + stars: | 2022-11-02 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +3 min

The Cherry Lane Theatre was put back on the market in 2021 after a previous sale fell through. The purchase comes as Hollywood increasingly looks to the theater world for IP and talent. A24, the Oscar-winning studio behind indie hits like "Uncut Gems," "Midsommar," and "Moonlight," is in talks to buy the Cherry Lane Theatre, New York City's oldest continuously running off-Broadway theater, according to a person familiar with the matter. The Cherry Lane was put back on the market in November 2021 after a deal to buy the theater for $11 million fell through amid disagreements over the price. Representatives from the Cherry Lane Theatre and A24 declined to comment on any prospective sale.

☆ Analysis: With Fed in view, dollar rally dented but not quite done, investors say
▼ + stars: | 2022-11-01 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

A less hawkish-than-expected message from the Fed at Wednesday’s monetary policy meeting, however, could exacerbate the currency's recent decline. That has made investors like Paresh Upadhyaya, director of fixed income and currency strategy at Amundi US, wary of calling an end to the dollar rally. Some central banks have already delivered smaller than expected rate increases in recent weeks, including the Bank of Canada and Reserve Bank of Australia. "If the Fed pulls back that will allow (other central banks) to pull back as well," said UBS's Draho, who expects more dollar strength in coming months. Still, with the dollar near a 20-year high, further dollar gains are likely to be accompanied by increased volatility, analysts said.

WASHINGTON — A former Capitol Police officer who warned a Jan. 6 defendant about a post that said he was inside the Capitol building was found guilty on one count of felony obstruction of justice by a jury on Friday. Michael Riley was indicted in October 2021 on two counts of obstruction of justice and resigned from the Capitol Police force shortly thereafter. The jury had been deliberating since Tuesday afternoon, by far the lengthiest deliberations of any Jan. 6-related jury trial. “I never intended for any of this to happen.”Jacob Hiles, circled in red, at the Capitol on Jan. 6, 2021. “He was thinking, how do I get this rioter, my Facebook friend, from being caught up in this grand jury investigation," Dohrmann argued.

[1/2] Police clear the U.S. Capitol Building with tear gas as supporters of U.S. President Donald Trump gather outside, in Washington, U.S. January 6, 2021. REUTERS/Stephanie Keith/File PhotoOct 28 (Reuters) - A former U.S. Capitol Police officer was convicted on Friday of obstructing an FBI investigation into the Jan. 6, 2021, attack on the Capitol by deleting Facebook messages he sent to a rioter afterward, federal prosecutors said. Jurors deadlocked on a second obstruction of justice count against Riley, prosecutors said. The obstruction of justice conviction carries a statutory maximum of 20 years in prison, although federal sentencing guidelines typically call for less time behind bars. Prosecutors say Riley was not on duty at the Capitol Building in Washington on Jan. 6 but became aware of the events there.

☆ Guilty: A former Capitol police officer was convicted on a charge he obstructed the January 6 investigation
▼ + stars: | 2022-10-28 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +5 min

A jury found former Capitol police officer Michael Riley guilty Friday of obstructing the investigation into the January 6, 2021, attack. The jury could not reach a unanimous verdict on the charge related to his urging the rioter to remove posts. During the weeklong trial, prosecutors presented multiple messages Riley exchanged with Hiles beginning on January 7. In the first message, Riley introduced himself as a Capitol police officer and warned Hiles to delete social media posts placing him inside the Capitol on January 6. "Hey Jake, im a capitol police officer who agrees with your political stance," Riley wrote to Hiles.

☆ Capitol Rioter Gets 7-1/2 Years in Prison for Assault on Officer Michael Fanone
▼ + stars: | 2022-10-27 | by ( Jan Wolfe | ) www.wsj.com time to read: 1 min

About 140 police officers were assaulted during the riot at the Capitol on Jan. 6, 2021, according to the Justice Department. WASHINGTON—A Tennessee man received a 7-1/2-year prison sentence for dragging a police officer into a mob of rioters on Jan. 6, 2021, the second-most severe punishment handed down for a defendant linked to that day’s attack on the Capitol. Calling him one of the “most serious offenders” during the Capitol riot, U.S. District Judge Amy Berman Jackson imposed the 90-month sentence on Albuquerque Cosper Head during an emotional court hearing Thursday in the District of Columbia.

WASHINGTON — A Jan. 6 rioter who dragged former D.C. Police Officer Michael Fanone into the crowd on the steps of the U.S. Capitol was sentenced to 7.5 years in federal prison on Thursday. Albuquerque Head, circled in red, on the steps in front of a tunnel at the Capitol on Jan. 6, 2021. U.S. District Court for D.C.“Show him the same mercy that he showed me on Jan. 6 … which is none," Fanone said. Jackson described former Officer Fanone as Head’s “prey” and his “trophy.” She also described Fanone as “protecting America” during the riot. That's who Officer Fanone was, that's what Officer Fanone was doing."

☆ A judge sentenced a Capitol rioter to more than 7 years in prison, saying he'd assaulted Officer Michael Fanone like 'he was your prey'
▼ + stars: | 2022-10-27 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +2 min

Calling him one of the "most serious offenders," a federal judge on Thursday sentenced Capitol rioter Albuquerque Head to more than 7 years in prison for pulling then-police Officer Michael Fanone into the pro-Trump mob during the January 6, 2021 attack. Prosecutors alleged that Head grabbed hold of a riot shield during the January 6 attack and used it against police officers protecting the Capitol. In the aftermath of the January 6 attack, Fanone has emerged as one of the highest-profile police officers who protected the Capitol that day. Ahead of Head's sentencing, prosecutors recommended that he receive an 8-year prison term. Prosecutors showed scarring on Michael Fannone's neck in a court filing recommending an 8-year prison term for Albuquerque Head.

☆ Neuberger Berman's Brian Jones offers opportunity plays in REITs
▼ + stars: | 2022-10-25 | 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 Brian Jones offers opportunity plays in REITsBrian Jones, Neuberger Berman portfolio manager, joins 'The Exchange' to discuss opportunity finds in REITs.

Hopes have risen that the 20% S&P 500 plunge this year had cleared the decks by dragging the aggregate price/earnings ratio back below long-term averages. "In this environment we think bonds are more attractive relative to stocks on a risk-adjusted basis. chartMIND THE GAPTake the difference between the S&P 500 earnings yield and nominal 10-year Treasury yield. The current dividend yield - total annual dividends divided by the value of the index - is around 1.75%, while the 10-year Treasury yield is around 4.23%. As of Monday Oct. 24, the S&P 500 was down 20% year-to-date and the ICE BofA aggregate Treasuries index was down 15.6%.

☆ Tech sector remains good despite challenging period, says Neuberger Berman's Daniel Flax
▼ + stars: | 2022-10-24 | 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 EmailTech sector remains good despite challenging period, says Neuberger Berman's Daniel FlaxDaniel Flax, Neuberger Bberman senior research analyst, joins 'Squawk Box' to discuss signs of trade tension, the strength of companies investing in innovation, and tech developments creating significant share holder value.

☆ Warehouses and employers like Amazon bring new jobs and higher wages for some blue-collar workers, but they can be hard on cities — and on the human body
▼ + stars: | 2022-10-23 | by ( Matt Turner | Jordan Parker Erb | Hallam Bullock | ) www.businessinsider.com time to read: +4 min

Hi, I'm Matt Turner, the editor in chief of business at Insider. On the agenda today:But first: This week, Insider launched an ambitious new package, Warehouse Nation, which investigates how the warehousing boom has shaped the US. Deputy editor Jake Swearingen is here to take us inside the project. Kathy Willens/AP PhotoThe US economy's post-pandemic party is over, so get ready to endure the mother of all hangovers. We outlined the winners and losers in Solomon's latest reorg, and what that might mean for the bank's future performance.

☆ Kinzinger reacts to McCarthy's plan on Ukraine if GOP wins the House
▼ + stars: | 2022-10-19 | by ( ) edition.cnn.com time to read: 1 min

Rep. Adam Kinzinger (R-IL) talks to CNN's John Berman about House Minority Leader Rep. Kevin McCarthy's (R-CA) suggestion that Ukrainian aid may not be as forthcoming if republicans take control of Congress.

☆ There's a serious risk the US is headed for a prolonged period of high inflation and low growth, Deutsche Bank says. An era of negative returns for stocks and bonds may be the result.
▼ + stars: | 2022-10-18 | by ( Max Adams | ) www.businessinsider.com time to read: +5 min

Today we're looking at what Deutsche Bank analysts say is a deeply underappreciated risk to markets, one that threatens to produce an era of negative returns. According to Deutsche Bank analysts writing in a note on Monday, a 70s-style dynamic of high inflation and low growth is a big underappreciated risk in markets right now. First, this sort of thing can become a self-fulfilling cycle, wherein a period of difficult inflation like we're in now leads to further expectations for high inflation. What are the risks that the US economy sees a period of low growth and high inflation in coming years? Wall Street is underestimating these 12 stocks, according to Goldman Sachs.

☆ Strategies to navigate the $68 trillion 'great wealth transfer,' according to top-ranked advisors
▼ + stars: | 2022-10-17 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

At the same time, the greatest generational wealth transfer in history is underway, with baby boomers set to pass to their children more than $68 trillion. Here are four key considerations to help families prepare, according to CNBC's top-ranked financial advisors. Family legacyThe first hurdle is often bringing generations together to discuss their family legacy, advisors say. "Parents have gotten used to managing their wealth over 20, 30 or 40 years; kids have less than a year." "Financial literacy is a huge part of this wealth transfer," Mirsberger also added.

☆ How a 26-year-old was able to quit his corporate job just 7 months after finishing college and hit millionaire status by age 25 by growing his 'infinitely scalable' side hustle into a 7-figure venture
▼ + stars: | 2022-10-15 | by ( A.J. Cohen | ) www.businessinsider.com time to read: +11 min

Berman said that digital products are great for passive income and are 'infinitely scalable.' He said real estate has been lucrative but it is much more work than digital products. When Cody Berman, 26, graduated from college four years ago, he got a high-paying job in commercial real estate lending. At the time he quit his job, Berman was only making between $1,200 and $1,500 per month from his digital products side hustle and other freelance work. In addition to the equity in his properties, Berman also has over $550,000 invested in the stock market, according to documents reviewed by Insider.

☆ Amazon cost cuts under Jassy reflect changing reality after 25 years of growth over profit
▼ + stars: | 2022-10-12 | by ( Annie Palmer | ) www.cnbc.com time to read: +9 min

Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | ReutersThroughout its first 25 years as a public company, Amazon has operated under a singular mantra, often to the chagrin of Wall Street: growth is more important than profits. No wager was bigger than Amazon Web Services, the cloud-computing unit that Amazon launched in 2006 and that Jassy led until his promotion last year. "They're completely unafraid to kill something that's not working," said Craig Berman, a former Amazon vice president for global communications. Former Amazon employees Colin Bryar and Bill Carr wrote about the process in their 2021 book, "Working Backwards: Insights, Stories, and Secrets from Inside Amazon."

☆ Biden's surprise move to reclassify cannabis could supercharge legal weed — but it also carries big risks for companies and investors
▼ + stars: | 2022-10-07 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

He announced pardons for federal cannabis possession and ordered a review of how cannabis is scheduled. While Biden's announcement stopped far short of decriminalization, he outlined three key steps:He's pardoning people federally convicted of simple cannabis possession. Biden's announcement signals that his administration — quiet on cannabis until now — will finally push for federal cannabis reform. Stifel analyst Andrew Partheniou called Biden's announcement "the most important development in US cannabis history," in a Friday morning note. If the government decides to regulate cannabis like a pharmaceutical, that could undermine the recreational cannabis industry as it currently stands.

☆ Capitol rioter accused of bringing the stun gun that was used on cop Michael Fanone was given one of the harshest sentences yet
▼ + stars: | 2022-09-28 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

A Capitol rioter was given one of the longest sentences so far, 86 months in prison. Kyle Young, 38, is accused of bringing the stun gun that was used on DC Police Officer Michael Fanone. She said that Young brought the stun gun that another rioter used on then-Officer Michael Fanone, and that he had shown the rioter how to use it. Jackson told the court on Tuesday that Young brought a taser, and that same stun gun was used to tase Fanone, CNN reported. The same stun gun was then used by a rioter on Fanone, the Post reported.

☆ Trump fan who assaulted Officer Fanone on Jan. 6 sentenced to more than 7 years in prison
▼ + stars: | 2022-09-27 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

WASHINGTON — A Donald Trump fan who brought his teenage son along as he assaulted then-D.C. police officer Mike Fanone and another officer at the Capitol on Jan. 6 was sentenced to more than seven years in prison on Tuesday. Former Metropolitan police officer Michael Fanone during a House select committee hearing on July 12. After Fanone's statement, a supporter of the Jan. 6 defendants called Fanone a "piece of s---." More than 850 people have been charged in connection with the Jan. 6 attack and more than 350 have pleaded guilty. The longest sentence of 10 years in federal prison went to an ex-NYPD officer who assaulted a D.C. cop with a flagpole and tackled him to the ground, and then lied on the stand about his conduct.

☆ A judge rebuked Republicans over warnings of violence if an investigation into Trump 'doesn't go his way'
▼ + stars: | 2022-09-27 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +5 min

A federal judge said patriotism is not standing up for a man "who knows full well that he lost." Judge Amy Berman Jackson noted the recent increase in threats to law enforcement officials. Her comments came as she sentenced a Capitol rioter to more than seven years in prison. For one federal judge, that rhetoric merited a message of deterrence on Tuesday. At the sentencing of a Capitol rioter, Judge Amy Berman Jackson rebuked Republican leaders for "cagily predicting or even outright calling for violence in the streets if one of the multiple investigations doesn't go his way."

☆ Watch CNBC's full interview with Cleo Capital's Sarah Kunst and Neuberger Berman's Daniel Flax
▼ + stars: | 2022-09-26 | 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 Cleo Capital's Sarah Kunst and Neuberger Berman's Daniel FlaxSarah Kunst, Cleo Capital managing director, and Daniel Flax, Neuberger Berman senior research analyst, join 'Squawk Box' to discuss if the economy will have a hard landing from inflation, what could take the market to new lows, and more.

☆ Trump said he could declassify documents with his mind, but he may have also accidentally admitted to taking them 'intentionally,' NYT reporter says
▼ + stars: | 2022-09-24 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +3 min

Former President Donald Trump said Presidents could declassify documents "even by thinking about it." Trump's claim may go against the idea that documents ended up in his home accidentally. "Because you're sending it to Mar-a-Lago, or to wherever you're sending it," Trump told Hannity on Wednesday. On a Friday episode of CNN New Day, Haberman fixated on Trump's phrase "you're sending it to Mar-a-Lago." Trump also claimed the FBI planted information in Mar-a-Lago during the August raid, but then seemingly undermined the allegation.

☆ Britain pursues 'trickle-down economics' despite scorn from Biden. And the stakes are sky-high
▼ + stars: | 2022-09-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the two leaders. Biden, in a tweet Tuesday, said he was "sick and tired of trickle-down economics," adding "it has never worked." Liz Truss U.K. prime ministerCritics, including Britain's opposition Labour party, have argued that such measures disproportionately benefit the wealthy. Questions have also been raised over how the policies will be funded, with tax cuts expected to lead to higher borrowing. Truss has argued that resultant growth will bring in more revenue which will cover those borrowing costs.

☆ LGBTQ student group strikes deal with Yeshiva University, allowing other clubs to operate
▼ + stars: | 2022-09-22 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +3 min

The LGBTQ student group at Yeshiva University made the “painful” decision to pause its efforts to receive official university recognition so that the university would allow the rest of its student clubs to continue operating, the group said Thursday. “This was a painful and difficult decision,” the Pride Alliance said in the statement. “Now that Pride Alliance has offered a stay, we have sent their lawyers a signed agreement to stay the trial court order,” Eisenman said, according to a news release. “We came to YU because we want to be part of this institution,” the Pride Alliance said in its Wednesday statement. “YU accepted us as students, YU collects the same tuition from us as everyone else, and we will not be second-class citizens.

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