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Signage is seen inside the Lloyd's of London building in the City of London financial district in London, Britain, April 16, 2019. The answer to that is yes," Neal told Reuters in an interview. "Absent UN intervention and UN clearance, we would not sanction the insurance," Neal said. The Lloyd's market estimated loss, net of reinsurance, from the Ukraine conflict was 1.6 billion pounds ($2 billion), he added. Lloyd's recorded a first-half pre-tax profit of 3.9 billion pounds ($4.9 billion) versus a loss of 1.8 billion pounds in the first half of 2022, helped in part by higher premium rates.

Persons: Hannah McKay, John Neal, Neal, Beazley, Adrian Cox, Cox, Lloyd's, Beazley's Cox, Sinead Cruise, Jan Harvey Organizations: REUTERS, United Nations, NATO, Moscow, Reuters, UN, Aeroflot, Thomson Locations: London, City, Britain, Turkey, Russia, Ukraine, Taiwan, Moscow

LOS ANGELES (AP) — “That ’70s Show” star Danny Masterson could get as much as 30 years to life in prison at his sentencing Thursday for the rapes of two women two decades ago. A jury of seven women and five men found Masterson guilty of two counts on May 31 after seven days of deliberations. The women blamed the church for their hesitancy in going to police about Masterson. Masterson was not charged with any counts of drugging, and there was no toxicology evidence to back up the assertion. Masterson starred with Ashton Kutcher, Mila Kunis and Topher Grace in “That ’70s Show” from 1998 until 2006.

Persons: Danny Masterson, Charlaine F, Olmedo, Masterson, “, Reinhold Mueller, they’ve, Ashton Kutcher, Mila Kunis, Topher Grace, Kutcher, Harvey Weinstein, Weinstein Organizations: ANGELES, Los Angeles Superior, Fox, Prosecutors, Scientology, ”, Associated Press, Netflix, LAPD, Hollywood Locations: Masterson’s Hollywood, “, Angeles

☆ Jazz quintet Ezra Collective wins Mercury Prize
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

[1/5] The winner of 2023 Mercury Prize, Ezra Collective, pose for a photograph at the Mercury Music Prize awards in London, Britain, September 7, 2023. REUTERS/Maja Smiejkowska Acquire Licensing RightsLONDON, Sept 7 (Reuters) - Ezra Collective on Thursday won the Mercury Prize for "Where I'm Meant to Be", the first jazz album to ever take home the British music award. Open to all musical genres, the Mercury Prize shortlists 12 albums released by British and Irish acts in the United Kingdom in the past year. by singer Jessie Ware, "Heavy Heavy" by Scottish group Young Fathers and experimental pop duo Jockstrap's debut "I Love You Jennifer B". ($1 = 0.8019 pounds)Reporting by Marie-Louise Gumuchian and Sarah Mills; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Ezra, Maja Smiejkowska, Femi Koleoso, TJ Koleoso, Joe Armon, Jones, James Mollison, Ife Ogunjobi, Loyle Carner, Raye, Emeli Sande, Steve McQueen, Ezra Collective's, Little, PJ Harvey, DJ Fred, J Hus, Jessie Ware, Jennifer B, Olivia Dean's, Hugo, Marie, Louise Gumuchian, Sarah Mills, Diane Craft Organizations: Mercury, REUTERS, Thursday, British, Kojey, Ezra, Young, Thomson Locations: London, Britain, United Kingdom

☆ Startup Bindery wants to help creators become publishers with their own imprints. Here's its pitch to authors and influencers — and the financial terms.
▼ + stars: | 2023-09-07 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

Startup Bindery, which has raised $1.3 million, lets creators start their own publishing imprints. Here's what the company is pitching to authors and creators, and what it will look like. A new startup, Bindery, wants to leverage the power of BookTok to let creators become publishers. With Bindery, Kaye wants to cater to authors who don't often get recognized in traditional publishing, and who don't have the social-media audience or the time to consider self-publishing. Thorne spoke with Kaye, and asked him the questions she and other authors had about rights protections for authors.

Persons: TikTok, Matt Kaye, influencer Jaysen Headley, YouTuber Ali Goodwin, Kathryn Budig, Jack Conte, Kaye, Meg Harvey, Bindery, tastemakers, they'll, Rebecca Thorne, Thorne

☆ Canadian dollar outlook seen less rosy as China's economy weakens
▼ + stars: | 2023-09-07 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

File photo: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch/file photo Acquire Licensing RightsTORONTO, Sept 7 (Reuters) - Analysts have cut their bullish near-term forecasts for the Canadian dollar as China's economy weakens and the gap between U.S. and Canadian bond yields grows, but still expect the currency to be stronger in a year, a Reuters poll showed. "The loonie has lost a few feathers in recent weeks," said Stefane Marion, chief economist and strategist at National Bank of Canada. "Widening interest rate differentials with the U.S. and weaker commodity prices due to a slowing Chinese economy are keeping the CAD in check." Canada is a major producer of commodities, so the loonie tends to be sensitive to the global growth outlook.

Persons: Mark Blinch, Stefane Marion, Marion, Fergal Smith, Sujith Pai, Devayani, Pranoy, Jan Harvey Organizations: REUTERS, Rights, National Bank of Canada, U.S, Bank of Canada, Thomson Locations: Toronto, Canada, U.S

The legislation would rezone land owned by nonprofit colleges and religious institutions, such as churches, mosques, and synagogues, to allow for affordable housing. An affordable housing project in a San Jose church had to go through a rezoning process that took more than two years before it could break ground in 2021. It would only apply to affordable housing projects, and the law would sunset in 2036. Supporters of the bill said it could help add hundreds of thousands of affordable housing units to the state’s housing stock. Republican lawmakers and Democratic Sen. Marie Alvarado-Gil voted against it.

Persons: Democratic Sen, Scott Wiener, Gavin Newsom, Democratic Assemblymember Sharon Quirk, Silva, ”, Newsom, Tony Thurmond, ” Thurmond, Harvey Milk, Susan Talamantes Eggman, Republican Sen, Rosilicie Ochoa, Marie Alvarado, Gil, Ochoa Bogh, Lena Gonzalez, ” Gonzalez, ___ Austin, Austin @sophieadanna Organizations: U.S, Democratic, Democratic Gov, University of California, Terner, Housing Innovation, Temecula Valley Unified, Gov, California Legislative, Caucus, Republican, Associated Press, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, California, ”, San Jose, Orange County, Berkeley, Southern California, Temecula Valley, San Francisco

☆ New EU sustainability reporting rules are a challenge, says Puma
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsCompanies Puma SE FollowLONDON, Sept 6 (Reuters) - Meeting new European Union requirements for corporate reporting on sustainability is a challenge, sportswear brand Puma's (PUMG.DE) head of sustainability said on Wednesday, ahead of what he called an "avalanche" of regulation in the bloc. "We are nowhere near being able to fulfil the requirements of CSRD," Stefan Seidel said on a panel at the Reuters IMPACT conference in London, referring to the EU's Corporate Sustainability Reporting Directive. Seidel said this was despite Puma reporting on sustainability for 20 years. Companies will have to comply with the directive - which requires them to analyse environmental risks, set targets, and get sustainability reports externally audited - in the 2024 financial year for reports published in 2025.

Persons: Leonhard Foeger, Stefan Seidel, Seidel, Puma, Helen Reid, Louise Heavens, Jan Harvey Organizations: Puma, REUTERS, Union, Reuters IMPACT, Companies, Thomson Locations: Vienna, Austria, London

☆ IKEA stores owner Ingka plans recycling expansion
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

Ingka Investments' Peter van der Poel told a panel at the Reuters IMPACT conference in London that a recycling initiative in the Netherlands would be expanded to markets including France, Belgium and Scandinavia. "The thing here is to understand in many markets in Europe, still incineration is incentivised (over) recycling. Ingka Investments is the investment arm of Ingka Group, which owns and operates the majority of IKEA stores. Investing in what it calls the circular economy, which includes recycling, is part of Ingka's sustainable investment portfolio, alongside renewable energy and forests. Van der Poel says this is viable because Ingka has an investment horizon of "generations", out to 100 years.

Persons: Anna Ringstrom, Peter van der Poel, Van der Poel, Tommy Reggiori Wilkes, Emma Rumney, Simon Jessop, Jan Harvey Organizations: REUTERS, Ingka, Ingka Investments, Reuters IMPACT, Investments, IKEA, Thomson Locations: Stockholm, Sweden, Europe, London, Netherlands, France, Belgium, Scandinavia, North America

☆ Singapore seizes money launderer's assets in Swiss banks in S$1.8 billion case
▼ + stars: | 2023-09-06 | by ( Chen Lin | ) www.reuters.com time to read: +2 min

The Straits Times Illustrations/Cel Gulapa via REUTERS/File Acquire Licensing Rights Read moreSINGAPORE, Sept 5 (Reuters) - Police in Singapore investigating a major money laundering operation have seized S$125 million ($91.79 million) from the bank accounts of one of ten foreign suspects accused in the case. The total value of assets seized by investigating authorities now stands at S$1.8 billion, according to prosecutors. The scale of the money laundering operation has shocked the wealthy Asian financial hub, and raised concerns over whether there are loopholes in its financial system. A state court denied bail for two of the accused foreigners, Wang Baosen and Su Baolin, on Wednesday. ($1 = 1.3618 Singapore dollars)Reporting by Chen Lin in Singapore; Additional Reporting by Yantoultra Ngui; Editing by Simon Cameron-Moore and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Su Baolin, Su Haijin, Chen Qingyuan, Su Wenqiang, Lin Baoying, Zhang Ruijin, Wang Dehai, Su Jianfeng, Vang Shuiming, Wang Baosen, Bank Julius Baer, Julius Baer, Chen Lin, Yantoultra Ngui, Simon Cameron, Moore, Jan Harvey Organizations: The Straits, REUTERS, Police, Turkish, Credit Suisse Singapore, Bank, Credit Suisse, Thomson Locations: Singapore, SINGAPORE, Vang

REUTERS/Dado Ruvic/file photo Acquire Licensing RightsLONDON, Sept 5 (Reuters) - Regulated financial exchanges are talking about how to capitalise on interest in crypto, an industry group said on Tuesday, but a third of respondents to its latest survey said they had no plans to offer the asset class. Exchanges said they were concerned about a lack of uniform regulatory standards, market volatility and the potential for cybersecurity risks relating to crypto assets, a report from the London-based World Federation of Exchanges (WFE) said. Some 38% of the exchanges the WFE surveyed have established, or plan to establish, working groups to focus on crypto-related assets or services. Just over a quarter of respondents said they expect crypto assets to become mainstream in the near future, the WFE said. Mainstream financial institutions have long expressed interest in the potential for blockchain - the technology behind cryptocurrencies - to be used in the process of issuing and trading traditional financial assets.

Persons: Dado, Crypto, Nandini Sukumar, Elizabeth Howcroft, Tom Wilson, Jan Harvey Organizations: REUTERS, Federation of Exchanges, Deutsche, Switzerland's SIX, London Stock Exchange, Thomson Locations: London

☆ Ghostwriter Returns With an A.I. Travis Scott Song, and Industry Allies
▼ + stars: | 2023-09-05 | by ( Joe Coscarelli | More About Joe Coscarelli | ) www.nytimes.com time to read: +1 min

The mostly original song, “Heart on My Sleeve,” was promptly removed from official streaming services, even as experts acknowledged that its use of A.I. Throughout the aftermath, Ghostwriter stayed silent — at least in public. Behind the scenes, however, the shadowy act and its team were making overtures to the very industry figures “Heart on My Sleeve” had unnerved. “When you start seeing A.I. involved in something so creative and so cool, relevant and of-the-moment, it immediately starts you thinking, ‘OK, where is this going?

Persons: Drake, ”, “, ” Harvey Mason Jr, A.I Organizations: Recording Academy, Academy

☆ Canadian pilots eye higher-paid U.S. cockpits amid staffing shortages
▼ + stars: | 2023-09-05 | by ( Allison Lampert | ) www.reuters.com time to read: +3 min

Some 147 Canadian pilots applied for licenses to fly commercial jets in the United States in 2022, up from 39 in 2021, according to Federal Aviation Administration (FAA) data. High travel demand in the United States, where pilots are securing historic wage increases, isattracting foreign aviators, despite delays and high costs of immigrating, according to lawyers, unions and pilots. While small, the increase in U.S. applications is worrisome for regional Canadian carriers, which like their U.S. counterparts, are wrestling with staffing shortages as they lose pilots to larger airlines, industry experts say. It could also put pressure on Air Canada (AC.TO) during negotiations with its pilots, whose contract expires on September 29. Air Canada pilots earned more before 2013.

Persons: F, Andrew Kelly, John Gradek, Mark Taylor, Taylor, Sunwing, Attorney Jean, Francois Harvey, he's, Gradek, John McKenna, Allison Lampert, Andy Sullivan Organizations: Kennedy International Airport, REUTERS, Rights, Federal Aviation Administration, FAA, Air Canada, McGill University, Sunwing Airlines, WestJet Airlines, Air, Air Line Pilots Association, United Airlines, Air Transport Association of Canada, Thomson Locations: Queens , New York City, U.S, United States, Canada, Calgary, Montreal, Canada's, Attorney, Air Canada

☆ Orsted CEO says abandoning US wind projects a 'real option'- Bloomberg News
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

CEO of Grundfos Mads Nipper presents the financial statements of 2017 at a news conference in Bjerringbro, Denmark, March 13, 2018. "We are still upholding a real option to walk away," Orsted CEO Mads Nipper told Bloomberg News in an interview. "But right now, we are still working towards a final investment decision on projects in America." Last week Orsted said it may see U.S. impairments of 16 billion Danish crowns ($2.3 billion) due to supply chain problems, soaring interest rates and a lack of new tax credits. ($1 = 6.9488 Danish crowns)Reporting by Gursimran Kaur in Bengaluru; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Mads Nipper, Henning Bagger, Biden, Orsted, Gursimran Kaur, Jan Harvey Organizations: Scanpix, REUTERS, Bloomberg, Bloomberg News, Thomson Locations: Bjerringbro, Denmark, Scanpix Denmark, U.S, America, Bengaluru

☆ Oil jumps as Saudi Arabia and Russia extend supply cuts to end-2023
▼ + stars: | 2023-09-05 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

Riyadh's decision to extend its 1 million bpd voluntary cut will be reviewed monthly to consider whether to deepen the cut or increase production, state news agency SPA said on Tuesday. It has been cutting output and exports in tandem with Saudi Arabia on top of existing OPEC+ supply reductions. Russia had said it would cut oil exports voluntarily by 500,000 bpd, about 5% of its output, in August and by 300,000 bpd in September. Although Saudi Arabia was widely expected to extend its voluntary cuts into October, and Russia had indicated that it too planned on expanding its cut through next month, the three month extension was unexpected. Brent, which is used to price over three-quarters of the world's traded oil, has been rising since late June, after Riyadh first announced its voluntary cuts.

Persons: Nick Oxford, Alexander Novak, Craig Erlam, Brent, Natalie Grover, Katya Golubkova, Andrew Hayley, Sharon Singleton, Jason Neely, Jan Harvey, David Goodman, Alexandra Hudson Organizations: Midland , Texas U.S, REUTERS, Brent, West Texas, OPEC, Reuters, Alexandra Hudson Our, Thomson Locations: Midland , Texas, Saudi Arabia, Russia, U.S, Brent, Riyadh, London, Tokyo, Beijing

☆ Celebrity florist Jeff Leatham is in full bloom
▼ + stars: | 2023-09-04 | by ( Emily Kirkpatrick | ) edition.cnn.com time to read: +9 min

In his latest book, “The Art of the Flower,” Leatham returns to some of those signature, emotive moments. Weldon Owen/The Art of the Flower Forsythia branches and phalaenopsis orchids arranged in the lobby of the Four Seasons Philadelphia. Weldon Owen/The Art of the Flower Roses, hydrangeas, and leather leaf installed around a chapel at a private wedding in Texas. Weldon Owen/The Art of the Flower Pictures: Jeff Leatham in full bloom Prev NextLeatham’s floral designs don’t just take you into the past, they make a definitive imprint on the present. Weldon Owen/The Art of the FlowerWell, my relationship started with her mom, Kris Jenner.

Persons: Jeff Leatham, florals, Kardashian, Jenner, —, France’s Chevalier, Leatham, Weldon Owen, Kim Kardashian, Philadelphia . Weldon Owen, There’s, Ross Harvey Weldon Owen, ”, George V, Styles, Flowers, Karl Lagerfeld, Lee McQueen, Tom Ford, Marc Jacobs, Louis Vuitton, McQueen, Kris Jenner, she’s, Kimberly, She’s, They’re, Kim, It’s Organizations: CNN, Philadelphia, George V Hotel, Pictures, George Locations: Beverly Hills, Paris, Texas, New York, Palm Beach , Florida, Woodstock, England, —

☆ Polanski film 'The Palace' can't find distributors in US, Britain or France, producer says
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

[1/4] The 80th Venice Film Festival - Photocall for the film "The Palace" out of competition - Venice, Italy, September 2, 2023. REUTERS/Yara Nardi Acquire Licensing RightsVENICE, Sept 2 (Reuters) - The producer of Roman Polanski's latest movie, "The Palace", bemoaned the fact that no one wanted the distribution rights for the film in the United States, Britain and France, saying morality should not weigh on art. One of the most successful directors of his generation, Polanski fled the United States over a conviction for raping a 13-year-old girl in 1977, a crime he admitted. After the #MeToo movement gained global traction in 2017 following sexual abuse allegations against U.S. film producer Harvey Weinstein, a number of women alleged that Polanski had sexually assaulted them as teenagers as well. The producer Luca Barbareschi said he had sold distribution rights across continental Europe, but not in France, Britain or the United States, despite the fact well-known actors from all three countries appeared in the film.

Persons: Milan Peschel, Fortunato Cerlino, Fanny Ardant, Luca Barbareschi, Oliver Masucci, Joaquim de Almeida, Yara, Roman, Polanski, Harvey Weinstein, Mickey Rourke, John Cleese, Joaquim De Almeida, Barbareschi, Polanski's, Polanksi, Crispian Balmer, Ros Russell Organizations: REUTERS, U.S, Venice Film, Netflix, Golden, Thomson Locations: Venice, Italy, United States, Britain, France, Polish, Swiss, Europe, Australia, New Zealand

☆ Premier League clubs spend record 2.36 billion pounds in transfer window
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +3 min

The transfer window, which was open from June 14 to Sept. 1, exceeded last year's record 1.92 billion pounds, with the top-flight clubs spending 255 million pounds on deadline day alone, it said. Premier League clubs were responsible for 48% of the spending across Europe's top five leagues including Spain's LaLiga, Italy's Serie A, Germany's Bundesliga and France's Ligue 1. "Nearly three-quarters of Premier League clubs (14) spent more this summer than the last, reflecting the increased intensity of competition. Champions Manchester City signed midfielder Matheus Nunes for 53 million pounds this week, having brought Jeremy Doku for 55 million pounds, defender Josko Gvardiol for 77 million and midfielder Mateo Kovacic for 25 million earlier. According to the report, almost half of the transfer fees received by Premier League clubs from overseas came from the Saudi Pro League club (SPL), which has the fourth-highest transfer spend of any league globally.

Persons: Chris Radburn, Spain's LaLiga, Tim, Todd Boehly, Moises Caicedo, Enzo Fernandez, Matheus Nunes, Jeremy Doku, Josko Gvardiol, Mateo Kovacic, Kai Havertz, Declan Rice, Rasmus Hojlund, Sandro Tonali, Harvey Barnes, Calum Ross, Pearl Josephine Nazare, Martyn Herman, Gerry Doyle, Hugh Lawson Organizations: Soccer Football, Premier League - Brighton & Hove Albion, West Ham United, American Express, Premier League, Deloitte, Serie, Bundesliga, Ligue, Deloitte's Sports Business, Chelsea, Clearlake Capital, Champions Manchester City, Arsenal, Manchester United, Newcastle United, Nottingham Forest, Saudi Pro League, Thomson Locations: Brighton, Britain, London, Bengaluru

☆ This pitmaster is keeping his family’s 89-year-old BBQ restaurant alive—it brought in $1.5 million last year
▼ + stars: | 2023-08-31 | by ( Ashton Jackson | ) www.cnbc.com time to read: +5 min

McCray's Backyard BBQ and Seafood is serving up ribs with a side of rich history — and now CEO and pitmaster Derrick McCray wants to take the mom-and-pop restaurant nationwide. "Uncle Jay brought my father up in the barbecue business and made him a barbecue extraordinaire," he tells CNBC Make It. And he was pretty much the only black restaurant business in his area during that time." Declared the "war on drugs" by President Nixon in 1971, the epidemic hurt the health and profitability of McCray's Backyard BBQ and Seafood. It was a major wake-up call for McCray, and ultimately led him back home to take over the BBQ business.

Persons: pitmaster Derrick McCray, McCray, Jay Harvey, Uncle Jay, Jesse Jackson, James Brown, Isaac Hayes, Nixon, FAMU, everything's, Uncle Harvey Organizations: CNBC, Klan, Florida, Mechanical University, Dixie, United States Football League, Super Bowl Locations: Palm Beach , Florida, South Florida, Winn, Dallas , Texas

☆ Here's why stocks are still vulnerable in September
▼ + stars: | 2023-08-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The bad news is, stocks still aren't cheap, rates still seem like they want to push higher, and China is definitely weaker. Stocks are vulnerable in September: The 'pain trade' is down After that, it's time to repair some damage to the markets. Here's the good news: even though stocks have been straight down most of this month, 5% off the highs is a pretty garden variety correction. Nvidia and AI stocks: how much more do you want? I don't know if that is true, but it sure looks like much of the demand for AI stocks has been pulled forward.

Persons: Jerome Powell's Jackson, Powell, Stocks, there's, Banks, Russell, Susan Collins, Patrick Harker, Joachim Nagel, Thursday's, I'm, Chris Harvey, it's, Jackson Organizations: Federal, deflator, Regional Bank ETF, Energy, Boston, Financial Times, Philadelphia Fed, CNBC, ECB, Nvidia, Microsoft, Cisco, Intelligence, Technology, IBM Locations: China, Wells Fargo, Jackson

☆ Merch, vinyl, hotels and credit cards: Taylor Swift's Eras Tour helped a bunch of companies – but hurt others
▼ + stars: | 2023-08-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Taylor Swift's Eras Tour had a significant impact on several public companies this summer. "Knowing how our guests can't get enough of Taylor Swift, we proactively secured an exclusive vinyl offering that Swifties bought in droves." "In July, Taylor Swift launched her Eras Tour merch shop with us experiencing unprecedented volume sales and site visitors on launch day, and we were ready for it." "Folks aren't buying as much patio furniture when they're spending hundreds or thousands of dollars to go to Taylor Swift. Rolling Stones, U2, Madonna, Prince, and this Taylor Swift performance was at a whole different level.

Persons: Taylor, Taylor Swift, Swifties, Christina Hennington, — Harvey Finkelstein, — Boyd Muir, — Leslie Hale, Raymond Martz, Jon Bortz, Wee Ee Cheong, Thomson Leighton, James Conroy, It's, Jonathan Johnson, Tom Schmitt Organizations: Service, AlphaSense, Merchandising, Universal Music, Lodging, Overseas Bank, Bot, Akamai, Forward Locations: Wall, Silicon, Chicago

☆ Wells Fargo blames retail slump for Thursday's sell-off, sees more volatility ahead
▼ + stars: | 2023-08-25 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

There's one main culprit for Thursday's sell-off, according to Wells Fargo: Retail. The S & P 500 and Nasdaq Composite had their worst performances since Aug. 2, and the Dow Jones Industrial Average had its biggest one-day decline since March. Nvidia finished modestly higher after initially surging on the back of its expectation-shattering earnings report earlier in the session. Harvey noted a "sell the news" mentality. The Nasdaq Composite and S & P 500 have added 1.3% and 0.2%, respectively, while the Dow has slid 1.2%.

Persons: Christopher Harvey, Locker, Harvey, Jerome Powell, — CNBC's Michael Bloom Organizations: Retail, Nasdaq, Dow Jones, Services, Nike, Nvidia, Dow, Federal Locations: Wells Fargo, Macy's, Burlington, Jackson Hole , Wyoming

☆ Play uber caps for rest of year due to ‘melt up’ potential, says Wells Fargo's Chris Harvey
▼ + stars: | 2023-08-23 | 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 EmailPlay uber caps for rest of year due to ‘melt up’ potential, says Wells Fargo's Chris HarveyChris Harvey, Wells Fargo Securities Head of Equity Strategy, joins 'Fast Money' to talk uber caps and how to play them in the current market.

Persons: Wells, Chris Harvey Chris Harvey Organizations: Wells, Wells Fargo Securities Head, Equity Locations: Wells Fargo

☆ AI Squared CEO Benjamin Harvey talks the AI boom fueling the tech industry
▼ + stars: | 2023-08-23 | 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 EmailAI Squared CEO Benjamin Harvey talks the AI boom fueling the tech industryBenjamin Harvey, AI Squared CEO, joins 'Closing Bell Overtime' to talk Nvidia earnings, the AI boom, his companny's postitioning as a start-up in the space and more.

Persons: Benjamin Harvey

☆ Mark Cuban says his kids see downsides to his wealth: 'It sets an expectation’
▼ + stars: | 2023-08-23 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Take it from Mark Cuban — or, rather, his kids. "Sometimes I think [the money is] the part they don't like," Cuban, who has an estimated net worth of $5.1 billion, according to Forbes, said. "Not that they want to be poor, but it sets an expectation ... it's how other people see them." CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist. DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: Mark Cuban, TikToker Bobbi Althoff's, Forbes, NBC's, Mark Cuban's, I'm, Steve Harvey's, they'll, Cuban, Althoff, Kevin Hart's, Hart, Peacock, Warren Buffett Organizations: CompuServe, Yahoo, NBC, CNBC, NBCUniversal

☆ A billionaire has been desperately trying to stop a clam shack from opening next door to his $6.5 million Nantucket cottage
▼ + stars: | 2023-08-22 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Billionaire Charles Johnson has fought to stop a clam shack opening next to his Nantucket cottage. Steve Karp, the CEO of Nantucket Island Resorts, owns a property empire, including the proposed clam shack restaurant on Straight Wharf, the publication reported. "It's 18 inches from my bedroom," Johnson told The Current. "I don't want to carry a grudge," Johnson told The Current. The site of the proposed Straight Wharf Fish Market is 18 inches from Johnson's cottage, "Omega," which Bloomberg valued at $6.5 million.

Persons: Charles Johnson, Johnson, Charles Schwab, Eric Schmidt, Steve Karp, Kevin Burleson, Burleson, Gabriel Frasca, Fresca, Danielle DeBenedictis, Harvey Jones, " Karp, DeBenedictis Organizations: Bloomberg, Service, San Francisco Giants, Franklin Resources, Alcohol Beverages Control, Resorts, Nantucket Locations: Nantucket, Wall, Silicon, Wharf, Massachusetts

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