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Bob Newhart Holds Up.
  + stars: | 2024-07-18 | by ( Jason Zinoman | ) www.nytimes.com   time to read: +1 min
Bob Newhart, who died on Thursday at the age of 94, has been such a beloved giant of popular culture for so long that it’s easy to forget how unlikely it was that he became one of the founding fathers of stand-up comedy. Before basically inventing the hit stand-up special, with the 1960 Grammy-winning album “The Button-Down Mind of Bob Newhart” — that doesn’t even count his pay-per-view event broadcast on Canadian television that some cite as the first filmed special — he was a soft-spoken accountant who had never done a set in a nightclub. That he made a classic with so little preparation is one of the great miracles in the history of comedy. A Roman Catholic from the west side of Chicago, Newhart came off as an entirely respectable example of Midwestern nice. Newhart brought his own kind of neurosis, a comedy rooted in nuanced deadpan and silence.
Persons: Bob Newhart, Bob Newhart ”, Lenny Bruce, Mort Sahl, Newhart, Shelley Berman, Organizations: Catholic Locations: Chicago
CNN —Angel City FC (ACFC) will become the most valuable women’s professional sports team in the world, the club announced Wednesday. Angel City FC plays in the National Women’s Soccer League (NWSL) – the top division of women’s soccer in the US. “ACFC and these incredible athletes have already had a tremendous impact on the NWSL, women’s soccer, and the Los Angeles community. “With this investment of resources and capital, we hope to accelerate the growth of the Club and the NWSL. There are 56 NWSL players on Olympic rosters – including Angel City FC defender and New Zealand captain Ali Riley.
Persons: Bob Iger, ACFC, Bay, “ ACFC, Angel City, , Jessica Berman, ” Berman, Willow, Bob, , Ali Riley Organizations: CNN, Angel City FC, USC Annenberg School for Communication, Journalism, Walt Disney Company, National Women’s Soccer League, Club, NWSL, of Governors, New Zealand Locations: Willow, Los Angeles, Willow Bay, Paris
With the S & P 500 surging more than 18% in 2024, it might be time for investors to make a few defensive moves in their portfolios. But that surge is spurring some financial advisors to reassess their clients' exposure to large-cap tech and turn toward currently unloved asset categories that could be poised to rise. "It might take a little longer to manifest but we think [health care] is an interesting combination of offense and defense, and it provides meaningful cash flows for investors," Saccocia said. Checking in on risk and cash Investors reviewing their 2024 gains should also reassess their risk profile and consider whether their asset allocation reflects their long-term goals. Tom Balcom, CFP and founder of 1650 Wealth Management in Lighthouse Point, Florida, has used custom market-linked notes to hedge clients' exposure to the market.
Persons: Nvidia —, Shon Anderson, Russell, Jerome Powell's, Shannon Saccocia, Neuberger Berman, Saccocia, Colin Gerrety, Gerrety, Tom Balcom, Balcom, Morningstar Organizations: Nvidia, Anderson Financial, Federal, Big Tech, Investors, JPMorgan Chase, UnitedHealth, Wealth Services Locations: Dayton , Ohio, REITs, North Bethesda , Maryland, Lighthouse Point , Florida
Four Gen Z Americans told Business Insider they've followed the principles of the FIRE — financial independence, retire early — movement to achieve a high net worth before their 30th birthdays. But all four emphasized that their sacrifices and risks earlier in life may be the key to their financial stability down the road. Cody Berman, entrepreneur and "passive income expert"Cody Berman hit financial independence at 25 but continues to help others achieve their financial goals. Courtesy of Cody BermanCody Berman, 28, hit financial freedom at 25 but has no plans to retire early. His net worth is about $2.8 million, but he drives a 2015 Nissan truck approaching 100,000 miles.
Persons: , Gen Z, they've, Cody Berman, Cody Berman Cody Berman, Berman, I'm, " Berman, Bosch, Louis, Roth, Amber Smith, Amber Smith Amber Smith, Smith, she's, Cory Sarkisian, Sarkisian, They've Organizations: Service, Transamerica Center, Retirement Studies, Business, Boeing, Navy, Nissan, Gold City Ventures, Bosch, eBay, Honda Civic, Roth IRA, Savings Locations: St, California, West Des Moines, San Diego, Hawaii, Connecticut, New Zealand
Four Gen Z Americans told Business Insider they've followed the principles of the FIRE — financial independence, retire early — movement to achieve a high net worth before their 30th birthdays. Some said they don't intend on following the "retire early" part of the acronym and instead want to pursue their passions while making money doing so. Cody Berman, entrepreneur and "passive income expert"Cody Berman hit financial independence at 25 but continues to help others achieve their financial goals. Courtesy of Cody BermanCody Berman, 28, hit financial freedom at 25 but has no plans to retire early. His net worth is about $2.8 million, but he drives a 2015 Nissan truck approaching 100,000 miles.
Persons: , Gen Z, they've, Cody Berman, Cody Berman Cody Berman, Berman, I'm, " Berman, Bosch, Louis, Roth, Amber Smith, Amber Smith Amber Smith, Smith, she's, Cory Sarkisian, Sarkisian, They've Organizations: Service, Transamerica Center, Retirement Studies, Business, Boeing, Navy, Nissan, Gold City Ventures, Bosch, eBay, Honda Civic, Roth IRA, Savings Locations: St, California, West Des Moines, San Diego, Hawaii, Connecticut, New Zealand
A man who said he was a witness to the shooting that injured Donald Trump described the scene to the BBC. The man said he saw the shooter crawling on the roof of a nearby building with a rifle. He said he heard five shots and also saw the Secret Service kill the shooter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The man told the BBC he'd gathered with friends before the rally and said they were watching it from outside the fenced-in location.
Persons: Donald Trump, Organizations: BBC, Service, Saturday, Business Locations: Butler , Pennsylvania
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo stock sinks after weak second quarter net interest incomeSandy Pomeroy, senior portfolio manager at Neuberger Berman, joins 'Money Movers' to discuss Wells Fargos second-quarter earnings report and more.
Persons: Sandy Pomeroy, Neuberger Berman, Wells Fargos Organizations: Wells Locations: Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOkamura: Japan's rally will become more broad-based going forwardKei Okamura, Portfolio Manager at Neuberger Berman, discusses if the rally in Japanese stocks can continue.
Persons: Kei Okamura, Neuberger Berman
The prospect of "higher for longer" rates has also made short-term fixed income assets especially attractive. "We had a lot of investors who were in, if not cash, then sub-2-year duration fixed income at the start of the year." Takeaways for investors It doesn't hurt for retail investors to review their fixed income allocation now that the year is halfway over. A combination of fixed income assets may be what it takes to benefit from today's higher rates, lock in yields and capture rising prices once the Fed cuts. "We don't buy that there's one fixed income asset class that you should tilt toward," said Calcagni.
Persons: , Don Calcagni, it's, Shannon Saccocia, Neuberger Berman, Michael Rosen, Rosen, Janus Henderson, Vishal Khanduja, Eaton Vance, Khanduja, Callie Cox Organizations: Federal Reserve, FedWatch, Investment Company Institute, Money, Mercer Advisors, Investors, Municipal, Angeles Investment Advisors, AAA CLOs, Janus Henderson AAA CLO, SEC, Morgan Stanley Investment Management, Bond, Ritholtz Wealth Management, Stay Locations: Santa Monica, Calif
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeuberger Berman's John San Marco talks retail consolidation and stock performanceJohn San Marco, Neuberger Berman portfolio manager, joins 'Closing Bell Overtime' to talk consolidation in the retail sector driving stocks higher today.
Persons: Neuberger Berman's John San Marco, John San Marco, Neuberger Berman
Women's soccer is bringing private equity off the sidelines. While other major U.S. sports leagues – Major League Soccer, the National Basketball Association, Major League Baseball and the National Hockey League – have allowed private equity investors to take passive, minority stakes, only the National Women's Soccer League has allowed these firms to take majority control of the economics. Sixth Street was the first to own a team in building out the San Francisco women's team, Bay FC, last year. The second-ever such deal closed a few weeks ago, as Carlyle partnered with men's team, the Seattle Sounders FC, to buy that city's counterpart in the NWSL, the Reign FC. Popov said NWSL attendance, up more than 40% this year, is evidence of the momentum in the sport.
Persons: Jessica Berman, San Francisco women's, Carlyle, Adrian Hanauer, Alex Popov, Popov Organizations: – Major League Soccer, National Basketball Association, Major League Baseball, National Hockey League, National Women's Soccer League, CNBC, Sixth, San, Bay FC, men's, Seattle Sounders FC, FC, Sounders FC, Reign FC, NWSL Board
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisk premium likely mispriced when it comes to global debt, portfolio manager saysRobert Dishner, senior portfolio manager at Neuberger Berman, discusses the outlook for the global deficit and the potential market reaction.
Persons: Robert Dishner, Neuberger Berman
Smith has argued in court filings that the indictment’s allegations against Trump, particularly regarding the fraudulent electors plot, represent a far more sweeping case. The Supreme Court’s opinion did not address the fake electors scheme specifically. Trump called the decision a “BIG WIN!” on social media. What is far more important for Trump is the Supreme Court’s pending decision on his argument for sweeping immunity on charges for his efforts to overturn the 2020 election. Read a full breakdown of the Supreme Court’s January 6 ruling.
Persons: Jose Luis Magana, Donald Trump, Jack Smith, Smith, John Roberts, nodded, , Trump, Read Organizations: Trump, Capitol, CNN, Justice Department Locations: Washington ,
CNN —With another pricey Alzheimer’s disease treatment expected to receive an approval decision soon, the nonprofit Alzheimer’s Association has published the final version of its new diagnostic criteria for the disease. Together with another protein, tau, which makes fibrous tangles that block the communication of nerve cells, they are considered a hallmark of Alzheimer’s disease. “There’s no evidence for it,” said Dr. George Perry, a neurobiologist and editor of the Journal of Alzheimer’s Disease. Two members of the panel were employees of the Alzheimer’s Association, which also takes funding from pharmaceutical companies. Widera says he hopes that in the next round of guidelines, the Alzheimer’s Association will consider the risks involved.
Persons: There’s, , donanemab, , , George Perry, Adriane Fugh, Berman, haven’t, Maria C, Carrillo, Alzheimer’s, It’s, Eric Widera, Widera, it’s, Aduhelm, Karl Herrup, Clifford Jack, ” Jack, “ It’s, Niles Franz, ” Franz, Dr, Sanjay Gupta, Franz, ” Widera Organizations: CNN, Alzheimer’s Association, Food and Drug Administration, FDA, Georgetown University, University of California San, American Geriatrics Society, Abbott Labs, University of Pittsburgh School of Medicine, Mayo Clinic, Nature Medicine, federal National Institute, Aging, Alzheimer’s Association International, National Institute, National Institutes of Health, NIA, Alzheimer’s, National Academy of Medicine, CNN Health, Association Locations: University of California San Francisco
As Wall Street digested the dismal outlook from the world's largest sportswear company, at least six investment banks downgraded Nike's stock. Analysts at Morgan Stanley and Stifel took it a step further, specifically calling the company's management into question. The company also said it expects fiscal 2025 sales to be down mid-single digits when it previously expected them to grow. If you ask Phil Knight, Nike's founder and its chairman emeritus, Donahoe is doing just fine. "I am optimistic in Nike's future and John Donahoe has my unwavering confidence and full support."
Persons: Jim Duffy, Morgan Stanley, Stifel, Donahoe, Matt Friend, That's, Hoka, Jessica Ramírez, Jane Hali, Nike didn't, they've, Kevin McCarthy, Neuberger Berman, CNBC's Scott Wapner, " McCarthy, They've, you've, it's, he's, Phil Knight, John Donahoe Organizations: Nike, eBay, Air Force, Air, Associates, CNBC Locations: 2HCY25, China, , U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Fed's actions will determine direction of the Japanese yen, portfolio manager saysKei Okamura of Neuberger Berman discusses the factors that will strengthen the currency.
Persons: Kei Okamura, Neuberger Berman Organizations: U.S
Although she did not publicly dissent to the per curium opinion, Justice Ketanji Brown Jackson was nevertheless highly critical of the court’s order avoiding a final decision in the abortion case. It was particularly wrong, Jackson said, because the court had for months allowed Idaho’s strict abortion law to remain in effect. “It is too little, too late for the Court to take a mulligan and just tell the lower courts to carry on as if none of this has happened,” Jackson wrote. The majority opts, instead, to dismiss these cases,” Jackson wrote. “But storm clouds loom ahead.”The liberal justice said she wanted the court to decide the case in full this term.
Persons: Ketanji Brown Jackson, Jackson, ” Jackson, Locations: Idaho, ldaho
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Treasury has been the primary driver of markets this year: Neuberger Berman's Newman KroftHolly Newman Kroft, Neuberger Berman private wealth managing director, joins 'Money Movers' to discuss Nvidia, market concentration, U.S. consumers, and more.
Persons: Neuberger Berman's Newman, Holly Newman Kroft, Neuberger Berman Organizations: U.S, Treasury, Nvidia
She started her Etsy store, where she sells printables like bachelorette party activity lists, in 2017. This one replicates the success of Gold City Ventures for creators with a sizable following. Similarly, she does not spend very much time on her Etsy store, about an hour a quarter. For her, the Etsy shop is less an income stream and more a tool to help her Gold City Ventures community. Gold City Ventures grossed more than $2 millionGold City Ventures continues to grow.
Persons: Julie Berninger, Berninger, That's, Cody Berman, Berman, They've Organizations: Amazon, Gold City Ventures, Auros Agency
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple Intelligence will drive continued growth of the installed base: Neuberger Berman's Dan FlaxDan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to discuss news of the company ending its Apple Pay Later program, the rise in Apple Intelligence, and more.
Persons: Neuberger, Dan Flax Dan Flax, Neuberger Berman Organizations: Apple Intelligence
Steve Eisman of "The Big Short" fame said a new thesis derived from the artificial intelligence boom has caught his attention. "You can make an argument that the revaluation of hardware is going to continue and that some parts of software will derail." But it's one of the more interesting things that I've heard in a long time," Eisman said. 'Hidden AI play' The widely followed investor has been closely tracking AI developments in the market. Apple announced it would weave generative AI technology across its native apps and latest devices, with features ranging from writing-assistance technology to generative AI-generated emojis.
Persons: Steve Eisman, Neuberger Berman, Eisman, I've, shorting, Michael Lewis's, Apple, Tim Cook Organizations: Apple, Microsoft, Oracle
Does New York City Really Need These Giant 5G Towers?
  + stars: | 2024-06-10 | by ( Dodai Stewart | ) www.nytimes.com   time to read: +1 min
This is Street Wars, a weekly series on the battle for space on New York’s streets and sidewalks. A thrilling glimpse of New York City history is on display at the intersection of West 12th Street and Washington Street in Manhattan. The three-story Federal-style brick building on the southeast corner was built in 1842. So when the city proposed placing a shiny new 5G tower on a corner there, neighbors were not happy. “There is a harm to having these 32-foot tall futuristic towers, often with large video display terminals on them, in residential neighborhoods in historic districts,” he said.
Persons: , Andrew Berman Organizations: Washington, Village Preservation, Greenwich Village Locations: New York City, Manhattan, Greenwich,
Apple's WWDC kicks off today: Here's what to expect
  + stars: | 2024-06-10 | 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 EmailApple's WWDC kicks off today: Here's what to expectDan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to preview Apple's Worldwide Developers Conference, what to expect from the tech giant this week, and more.
Persons: Dan Flax, Neuberger Berman Organizations: Conference
Progressive Elites and Their Sins - The New York Times
  + stars: | 2024-06-06 | by ( David Brooks | ) www.nytimes.com   time to read: +1 min
The center of progressive energy moved from the working class to the universities, and not just any universities, but the elite universities. By now we’re used to the fact that the elite universities are places that attract and produce progressives. Today, we’re used to the fact that elite places are shifting further and further to the left. “Opinions of student writers at elite universities” in 2000, he found, “weren’t all that more progressive than those at nonelite ones.” But by 2023, opinions at The Crimson had grown about two and a half times more progressive than they were in 2001. More generally, Berman concluded, “Opinion sections at elite universities have gotten significantly more progressive, and they’ve outrun their nonelite counterparts.”
Persons: John Reed, Clifford Odets, Frances Perkins, Hubert Humphrey, Donald Trump, we’re, The Harvard Crimson, Julien Berman, Berman, they’ve Organizations: New, Pullman, Harvard, America’s, The Harvard, Locations: New Republic, Haymarket, Blair
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