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☆ 'The Davos underground': A final take on the secretive parties of the world's rich and powerful
▼ + stars: | 2024-01-31 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

"That's when you get the good s---," said a Davos attendee who is regularly selected to join the exclusive backroom of the Annual Davos Wine Forum Tasting. Zoom In Icon Arrows pointing outwards JPMorgan took over the Kirchner Museum for its annual drinks event. Zoom In Icon Arrows pointing outwards The attire of the Davos set is decidedly not chic. Zoom In Icon Arrows pointing outwards The color of your conference badge determined access to World Economic Forum events. Zoom In Icon Arrows pointing outwards Skiing and snowboarding post panels and broadcasting was another favorite pastime of some Davos goers.

Persons: bankrolled, Vladimir Putin's, Putin, George Soros, Bill Browder, Anthony Scaramucci, Anthony, Scaramucci, queued, Latour, Donald Trump, —, Mark Milley, Matt Damon, Richard Branson, Andrea Bocelli, Chris Coons, Paul Ryan, bartenders, Champagne Perrier, Chateau Latour, L'Eglise, Burgundy Olivier Bernstein Bonnes, Domaine Comte Georges de Vogue, Tenuta, Casanova di Neri, Stephen King, Browder, Doug Emhoff, Gary Cohn, Ian Bremmer, Sir Martin Sorrell, Sting, Bill Gates, Sam Altman, Marc Benioff, Ray Dalio, Emhoff, Ernst Ludwig Kirchner, Brian Moynihan, IBM's Gary Cohn, Jack Hidary, Sir Richard Moore, Barry Colson, Davos goer, Moritz, Eve, CNBCers, Emmanuel Macron, John Kerry, Joe Short, roundtables, Wyclef Jean, Diane von Fürstenberg, George Osborne, David Rhodes, Osborne, Politico's Suzanne Lynch, Princess Beatrice, David Blaine, Milley —, Tij, CNBC Tij Organizations: Economic, CNBC, Congress Center, Russian, Russian Direct Investment Fund, Moonshot Investor Network, Putin, Hermitage Capital, SkyBridge, White House Communications, Chiefs, Bordeaux Smith Haut, Platz, Politico, IBM, AB InBev, White, Trump, Eurasia Group, Capital, Microsoft, Wall Street, Billionaire Microsoft, Light, Infosys, Bloomberg House, JPMorgan, Kirchner Museum, Financial, Hotel, CNBC CNBC, Bank of America, New, Davos, U.S . Climate, Accenture, Golf Club Davos, Palantir, Chancellor, Sky News's, Sting, Workers, Swiss Army, Army, Gliding Locations: Davos, Switzerland, Soviet, Ukraine, Moscow, Hungarian, Hermitage, Providence, Europe, Davos's, Bordeaux, Bordeaux Smith Haut Lafitte, Bello, Santa Cruz, Napa Valley Tuscany, Schatzalp, Scalettastrasse, Emirates, Halifax, Canada, Salt Lake City, U.S, Palantir, Swiss

☆ Opinion: Taylor Swift is making this the most expensive Super Bowl in history
▼ + stars: | 2024-01-30 | by ( Opinion Danielle Campoamor | ) edition.cnn.com time to read: +11 min

Tickets to this year’s Super Bowl are now the most expensive in NFL history, according to SeatGeek and CBS reporting: the cheapest available at $9,858. But for an organization with a nefarious history when it comes to violence against women, does the NFL really deserve Taylor Swift? Since 2000, over 1,000 NFL players have been arrested. What’s worse, when accusations are levied against professional football players rarely if ever are they held accountable or faced with real, substantial consequences. Since her first stadium appearance, she has been wildly and falsely accused of ruining professional football for deigning to express joy publicly.

Persons: Danielle Campoamor, Taylor Swift, Travis Kelce, Andy Reid, Tony Romo —, Swift, Danielle Campoamor Ashley Batz It’s, Taylor, Jim Nantz, Isiah Pacheco, ”, didn’t, ” Daniel Sailofsky, Ray Rice, fiancé Janay Palmer, Rice, ” Rice, “, Kelce, Jason Kelce, Leonardo DiCaprio, famer, —, Tennessee Sen, Marsha Blackburn, Trump, DJ David “ Jackson ” Mueller, groping Organizations: NBC, CNN, Kansas City Chiefs, AFC Championship, CBS Sports ’, NFL Football, Chiefs, Buffalo Bills, CBS, NFL, Super Bowl, Chicago Bears, Nielsen, Apex Marketing Group, Front, Swift, Tayvis, New York Times, Baltimore Ravens, Ravens, “, Pfizer, Philadelphia Eagles, deigning, Soros, Tennessee, VAWA Locations: Colorado

☆ Opinion: Elon Musk, Harvard and the art of ‘taking action’ while doing nothing
▼ + stars: | 2024-01-23 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +9 min

CNN —Elon Musk, who spends much of his time on futuristic endeavors, took a step into history on Monday. Like in other entities where an upsurge in antisemitic activity started making headlines, Musk was taking performative action at Auschwitz. It was an effort to appear to be taking action while doing nothing. After his visit to the death camp, Musk appeared at a conference on antisemitism in nearby Krakow, Poland. President Claudine Gay was asked in Congress if calls for genocide against Jews violate Harvard rules against bullying and harassment.

Persons: Frida Ghitis, CNN — Elon Musk, Musk, “ Hitler, ”, ” Musk, dumbest, George Soros “, Ted Deutch, Elders of Zion, X, “, Tucker Carlson, Claudine Gay, Israel “, Israel, he’s “, Alan Garber, Garber, Derek Penslar, Penslar, Larry Summers Organizations: CNN, Washington Post, Politics, Frida Ghitis CNN, Center, Twitter, Defamation, American Jewish Committee, Elders of, Media Matters, Apple, Disney, IBM, Media, Harvard University, Harvard, Jewish, Harvard’s, Jewish Studies Locations: Auschwitz, Israel, Gaza, United States, Krakow, Poland

☆ Opinion | Ron DeSantis Made Smiling Look Hard
▼ + stars: | 2024-01-22 | by ( Michelle Cottle | ) www.nytimes.com time to read: +2 min

In a short video on Sunday, the Florida governor looked natty in a blue suit and red tie, every hair perfectly in place as he papered over his deeply imperfect campaign. He touted his own leadership and, perhaps with an eye toward running again in 2028, endorsed the Republican kingmaker, Donald Trump. But watching DeSantis’s now-famous awkward smile and listening to his unnatural cadence, it was hard not to think: Yeah. Mr. DeSantis is a successful governor of a major state and a smart guy with a picture-perfect family. On the presidential campaign trail, he was robotic and awkward, rude and arrogant, with the interpersonal skills of poorly designed A.I.

Persons: Ron DeSantis’s, Republican kingmaker, Donald Trump, DeSantis’s, DeSantis, Anthony Fauci, George Soros, “, ” Organizations: Republican Locations: Florida, Iowa

The Davos consensus on the presidential electionPublicly, the global business leaders who gathered at the World Economic Forum in Davos, Switzerland, haven’t wanted to predict the winner of the upcoming U.S. presidential election. In an interview with Andrew on CNBC, he didn’t predict that Trump would win, but suggested that dismissing the former president and his supporters would be a mistake. “He wasn’t wrong about some of these critical issues, and that’s why they’re voting for him,” he said. “Trump is already the president at Davos — which is a good thing because the Davos consensus is usually wrong,” Alex Soros, the son of George Soros, said on a panel. A little history: The Davos consensus was that Hillary Clinton would beat Trump in 2016.

Persons: haven’t, Donald Trump, DealBook, Trump, Jamie Dimon, JPMorgan Chase, Andrew, “, ” Dimon, ”, MAGA, bode, “ Trump, ” Alex Soros, George Soros, Hillary Clinton, Sting, Biden, It’s, Reddit, Macy’s, Tony Spring, Warren Buffett, Morningstar Organizations: Economic, JPMorgan, CNBC, Trump, NATO, Biden, Trump’s Republican, Davos, Apple Watch, Reuters, Investors Locations: Davos, Switzerland, U.S, China, American, Indonesia, E.S.G

☆ Alex Soros says a Trump win is a done deal for the Davos elite — but they're always wrong
▼ + stars: | 2024-01-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Alex Soros, chairman of Open Society Foundations, during a panel session on the closing day of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 19, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19. Photographer: Stefan Wermuth/Bloomberg via Getty Images"In Davos, Donald Trump is already the president," Open Society Foundations Chairman Alex Soros told a panel at the World Economic Forum on Friday. "That's a good thing, because the Davos consensus is always wrong," he went on. He either winds up in prison or he winds up in power, he's not going off on some beach somewhere and retiring."

Persons: Alex Soros, Stefan Wermuth, Donald Trump, Trump, Joe Biden, —, he'll, Soros, he's Organizations: Open Society, Economic, Bloomberg, Getty, Republican, Trump, Republican Party Locations: Davos, Switzerland

☆ George Soros' son says Trump won't disappear unless he winds up in prison
▼ + stars: | 2024-01-19 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

George Soros' son said on Friday that there's really no getting rid of Donald Trump. "He either winds up in prison or he winds up in power," Alex Soros said, CNBC reported. AdvertisementThe son of billionaire investor and philanthropist George Soros says there's really no getting rid of former President Donald Trump. Alex Soros, the chairman of his father's philanthropic empire, Open Society Foundations, continued of Trump, "What's the way out for him? "In Davos, Donald Trump is already the president," Alex Soros said on the panel.

Persons: George Soros, there's, Donald Trump, Alex Soros, —, Soros, Trump, Soros —, he'll, He's, hasn't, Joe Biden Organizations: Economic, CNBC, Service, Republican Party, Republican, Society, Trump, The New York Times Locations: Davos, Switzerland

The Ms. Foundation published research last week advocating for more financial support for women and gender nonconforming people of color leading nonprofits on the frontlines of social justices issues. “At this moment, when women and women’s bodies and gender nonconforming folks are being attacked on a daily basis, are they willing to move 10% to us?” Teresa Younger, Ms. Foundation’s president and CEO, said of other foundations. The Ms. Foundation found that many frontline organizations, like Power Rising, work across issue areas, often in tandem with other groups and in response to unfolding events. The organization advises foundations to build on trust-based giving, to support self-guided capacity building for these organizations, and to diminish grantmaking tied to specific issue areas. ___Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.

Persons: Alex Soros, George Soros, Trump, ” Alex Soros, Shawnda Chapman, ”, ” Teresa Younger, it’s, Laleh Ispahani, Ketanji Brown Jackson, Leah D, Daughtry, grantmaking, Ispahani, Mark Malloch, Brown Organizations: Open Society, Society, Ms, Foundation for Women, OSF, National Women's Law, Alliance for Youth, U.S, Supreme, Foundation, Associated, Lilly Endowment Inc, AP Locations: U.S

☆ Kendrick Lamar Buys a Penthouse on the Brooklyn Waterfront
▼ + stars: | 2023-12-01 | by ( Vivian Marino | ) www.nytimes.com time to read: +1 min

The rapper Kendrick Lamar is the latest celebrity to descend on Brooklyn, with his purchase of a sprawling duplex penthouse near the waterfront in Brooklyn Heights. His new pied-à-terre, which comes with stunning East River views, is at Pierhouse at Brooklyn Bridge Park, a 106-unit condominium built in 2015 at 90 Furman Street. He paid $8.6 million, using the limited liability company Dogg Pound Buildings. The apartment at the Majestic, at 115 Central Park West, closed at $20.5 million, well below the $50 million initial asking price in 2012 and the $25 million she had paid for it in 2006. Still, the sale was among the top closings in New York City in November.

Persons: Kendrick Lamar, Lamar, Zendaya, Amy Schumer, Matt Damon, Emily Blunt, John Krasinski, Bjarke Ingels, Susan Weber, George Soros Organizations: Furman, Pound, Park Locations: Brooklyn, Brooklyn Heights, Pierhouse, California, Danish, Manhattan, New York City

☆ Elon Musk’s quest in foreign affairs plagued by his own online behavior
▼ + stars: | 2023-11-28 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

Washington CNN —Elon Musk is an increasingly important player in global affairs and has been touring the world to meet with political leaders in recent months. “We can observe Elon Musk’s Twitter/X activity that he regularly consumes right-wing content and this increased during COVID-19,” Facciani said in an email. More recently, however, Musk’s ambitions have come a bit closer to earth and become far more concrete. There are many world leaders who hold extreme or far-right views, of course. Musk’s outbursts that contradict widely held international norms and values are meant for a specific internet audience that Musk mistakes for being representative of the wider world.

Persons: Washington CNN — Elon Musk, White supremacists, Musk, Benjamin Netanyahu, It’s, George Soros, Netanyahu, Matthew Facciani, “, Elon, ” Facciani, Vladimir Putin, Rishi Sunak, Recep Tayyip Erdogan, he’s, Ron DeSantis ’, Robert Kennedy Jr, ’, ” Musk, ”, reactionism Organizations: Washington CNN, Defamation League, Whites, White, The University of Notre Dame, Twitter, UK, Florida Republican Gov, United States Locations: Israel, Gaza, COVID, Ukraine, Crimea, Washington, United, Russia

☆ Opinion: Elon Musk’s Israel tour was transparently transactional and insulting
▼ + stars: | 2023-11-28 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +8 min

CNN —Elon Musk is trying to make amends, or at least do damage control, after endorsing an antisemitic post on his platform X, formerly Twitter. The backlash to Musk’s comments on X was swift: Advertisers pulled their campaigns from X, and Musk came under international criticism. Musk’s Israel tour was transparently transactional and frankly insulting. A chat with Musk and a personal tour of Hamas’ devastation seems like it could have waited. Earlier this year, the ADL published a report documenting an increase in antisemitic content on X under Musk’s ownership.

Persons: Jill Filipovic, CNN — Elon Musk, isn’t, “, ‘ Hitler, ”, I’m, Musk, Benjamin Netanyahu, Netanyahu, X, ” X, White, Jonathan Greenblatt, Greenblatt, ” Musk, George Soros, Soros, Dilbert, Scott Adams, tweeting Organizations: Twitter, CNN, Musk, Defamation League, Israeli, Hamas, Islamic State, Center, Media, ADL Locations: New York, Israel, Buffalo, Gaza, Europe, Hungarian

☆ Elon Musk Visits Israel Amid Backlash Against His Endorsement of Antisemitic Post
▼ + stars: | 2023-11-27 | by ( Matthew Mpoke Bigg | More About Matthew Mpoke Bigg | ) www.nytimes.com time to read: +3 min

Mr. Musk said in agreement that it was important to “get rid of the ones who are hellbent on murdering Jewish people,” though he also added that it was important to minimize civilian casualties in the enclave. The X owner is expected to meet later on Monday with President Isaac Herzog of Israel. Mr. Musk’s visit comes as he faces broader criticism for tolerating and even encouraging antisemitic abuse on his social media platform. Israel also appeared to reach an understanding with Mr. Musk over his proposal this month to deploy Starlink, the satellite internet service he owns, in Gaza for aid agencies to use amid cellular and internet blackouts. Israel’s communications minister, Shlomo Karhi, said on Monday that Mr. Musk had consented not to open access to the system in Israel and in Gaza without the permission of his ministry.

Persons: Elon Musk, Benjamin Netanyahu, Musk, Kfar, Netanyahu, ”, Mr, Kfar Azza, ” Mr, Isaac Herzog of Israel, Musk’s, George Soros, Israel, Shlomo Karhi, Karhi Organizations: Defamation League Locations: Israel, Kfar Azza, Kfar, Gaza

BUDAPEST, Hungary (AP) — A countrywide billboard campaign that flooded the streets of Hungary this week takes aim at European Commission President Ursula von der Leyen, the start of an election campaign that marks an escalation of tensions between the country's nationalist conservative government and the European Union. Hungarian Prime Minister Viktor Orbán has long taken an adversarial approach to the 27-nation bloc. He has accused Brussels of seeking to impose unwanted policies on Hungary, and compared membership in the EU to the 40 years of Soviet domination Hungary experienced in the 20th century. “This national consultation is by far the most anti-EU document that the government has released so far," Kreko said. But after more than two years and little apparent progress, the anti-EU campaign may show that Orbán has given up on unblocking them, said Dorka Takacsy, a research fellow at the Centre for Euro-Atlantic Integration and Democracy.

Persons: Ursula von der Leyen, von der Leyen, Alex Soros, George Soros, “, Viktor Orbán, von, Leyen, Peter Kreko, Kreko, Dorka Takacsy, ” Takacsy, ” It’s, Soros, Jean, Claude Juncker, ”, Orbán, Eric Mamer, ” Mamer Organizations: European Union, Ukraine, EU, Centre, Integration, Democracy, European, Kreko, Huxit, Fidesz, Orbán Locations: BUDAPEST, Hungary, American, Hungarian, Brussels, EU, Budapest, ”, European, Europe

☆ The major companies still advertising on X despite Elon Musk’s antisemitic endorsement
▼ + stars: | 2023-11-22 | by ( Oliver Darcy | Liam Reilly | ) edition.cnn.com time to read: +5 min

But those assurances have rung hollow as advertisements have continued to be placed on accounts posting hate speech and conspiracy theories. “Elon introduced unique risks,” marketing industry veteran Lou Paskalis, the founder and chief executive of marketing consultancy AJL Advisory, told CNN. “It’s self-destructive for any advertiser to be associated with him,” Sonnenfeld told CNN. His endorsement of the post came as the progressive watchdog Media Matters issued a report that indicated advertisements for major brands appeared next to neo-Nazi hate speech on X. Legal experts have told CNN that the lawsuit is deeply flawed and could open the billionaire up to embarrassing revelations during the discovery process.

Persons: Elon Musk’s, Brian McCarthy, Musk, George Soros —, X, “ Elon, Lou Paskalis, ” Jeffrey Sonnenfeld, ” Sonnenfeld, ”, Ted Boutrous, Boutrous, ” CNN’s Clare Duffy Organizations: CNN, NFL, Walmart, State, The New York Times, Washington Post, The, Mondelēz International, Ritz Crackers, Twitter, Defamation League, Apple, Disney, IBM, Paramount, Fox Sports, Paris, Warner Bros ., AJL, Yale School of Management, Media, Media Matters, Ted Boutrous CNN Locations: Wendy’s, White

☆ Hungary's Orban erects billboards vilifying EU's von der Leyen
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

BUDAPEST, Nov 20 (Reuters) - Hungary's ruling party unveiled billboards vilifying European Commission President Ursula Von der Leyen on Monday, the first time it has made her a personal target in a campaign similar to one against her predecessor that angered Brussels. The billboards, erected overnight to launch a campaign for next June's European parliamentary election, depict Von der Leyen alongside Alex Soros, the son of liberal Hungarian-born financier George Soros, a perennial target of hostility from Orban's Fidesz Party. Soros is Jewish and some critics view the central role he plays in Fidesz propaganda as evidence of anti-Semitism, which Fidesz strongly denies. Similar billboards showing Von der Leyen's predecessor Jean-Claude Juncker alongside the elder Soros drew a rebuke from Brussels in 2019. Orban sent out a survey on Friday to Hungarians asking whether the EU should allocate more funds to Ukraine or grant it membership.

Persons: Ursula Von der Leyen, Von der Leyen, Alex Soros, George Soros, Soros, Von der, Jean, Claude Juncker, Orban, Krisztina, Peter Graff Organizations: Fidesz Party, Jewish, Fidesz, EPP, Thomson Locations: BUDAPEST, Brussels, Hungarian, Hungary, Europe, Russia, Ukraine

☆ Opinion | Why on Earth Are Jewish Leaders Praising Elon Musk?
▼ + stars: | 2023-11-20 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +6 min

(In response, Musk threatened a “thermonuclear” lawsuit, but as of this writing does not appear to have filed one.) Abhorrence of the Jewish state slips easily into abhorrence of Jews. On the right, though, there’s a mirror image of this slippage, with some defenders of the Jewish state willing to make excuses for antisemites so long as they champion Israel. Prime Minister Benjamin Netanyahu of Israel has regularly embraced nationalist leaders who deploy antisemitic tropes, Donald Trump chief among them. It’s hard to figure out who is behaving more cynically, Musk or the Jewish leaders who are koshering him.

Persons: Charles Weber, ‘ Hitler, ’ ” Weber, Elon Musk, ”, George Soros, Magneto —, Soros’s, Musk, Pepe, Kanye, Ye, Israel, I’ve, Los Angeles —, John Hagee, Adolf Hitler, Karl Marx, “, Hagee, Benjamin Netanyahu, Donald Trump, Jonathan Greenblatt, Amichai Organizations: Twitter, West, Anti, Defamation League, Media, America, ADL Locations: America, Israel, Palestine, Gaza, France, Montreal, Los Angeles, Washington, ”, Pittsburgh

☆ The GOP Wins One Over George Soros
▼ + stars: | 2023-11-18 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

The House Oversight Committee investigating Biden family business dealings has issued subpoenas to Hunter and James Biden to appear for depositions. Also requested for transcribed interviews are family members and associates including Sara and Hallie Biden. Images: AP/Reuters/House Oversight Committee Composite: Mark KellyButa Biberaj this week conceded she lost to Republican Bob Anderson in her bid for re-election as Loudoun County’s Commonwealth Attorney. Ms. Biberaj is a progressive, George Soros -financed prosecutor, and Mr. Anderson campaigned as a law-and-order candidate. Ms. Biberaj had stopped prosecuting some misdemeanors, and she pointed to the drop in violent crime during her watch as evidence of her success.

Persons: Biden, Hunter, James Biden, Sara, Hallie Biden, Mark Kelly Buta, Republican Bob Anderson, Biberaj, George Soros, Anderson Organizations: Reuters, Republican, Loudoun County’s Commonwealth

☆ Opinion | College Is Undergoing a Revolution. It’s Happening Behind Bars.
▼ + stars: | 2023-11-17 | by ( Max Kenner | ) www.nytimes.com time to read: +3 min

If you’re confused about why Congress would remove education from departments of “correction,” you’re not alone. New York has an extraordinary, diverse network of partnerships that replicates the diversity of college across the state. And, inspired by Catholic mission, Holy Cross College and the University of Notre Dame, Boston College and Villanova have led the way in their red, blue and purple home states. Incarcerated students majoring in history or literature all write original senior theses that are typically 100 pages in length. Pell Grants, which average less than $4,500, never covered the cost even for modest programs.

Persons: Koch, Obama, Donald Trump, you’re, Pell Organizations: RAND Corporation ., College, Soros, Holy Cross College, University of Notre Dame, Boston College, Villanova, Bard, Union, Cambridge, Morehouse, Harvard, Columbia, Yale, Cornell, Georgetown Locations: North Carolina , Ohio, Texas, California, New Jersey, New York, N.Y.U, York

[1/3] David Wayne DePape appears at U.S. District Court for federal charges over the attack on Paul Pelosi, husband of U.S. Speaker of the House, Nancy Pelosi, in San Francisco, California, U.S. November 15, 2022 in a courtroom sketch. REUTERS/Vicki Behringer Acquire Licensing RightsNov 16 (Reuters) - A federal court jury will resume deliberations on Thursday in the trial of a right-wing conspiracy theorist who attacked the husband of former U.S. House Speaker Nancy Pelosi with a hammer. The San Francisco jury began deliberations on Wednesday, failing to reach a verdict before the end of the day on charges of attempted kidnapping and assault of an immediate family member of a federal official. DePape told the jury he wanted to kidnap Nancy Pelosi, interrogate her, and break her kneecaps if he found her to be lying. But after breaking into the home he instead found her husband, then age 82, asleep in his bed.

Persons: David Wayne DePape, Paul Pelosi, Nancy Pelosi, Vicki Behringer, San Francisco, DePape, Jodi, QAnon, Hunter Biden, George Soros, Pelosi, Daniel Trotta, Christopher Cushing Organizations: ., San, Democrat, Thomson Locations: U.S, San Francisco , California, Washington, San Francisco, California

☆ Stanley Druckenmiller trims his winning Nvidia bet, adds new Alphabet stake
▼ + stars: | 2023-11-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stanley Druckenmiller 's Duquesne Family Office added a new bet on Alphabet last quarter, while trimming his favorite artificial intelligence play — Nvidia , according to its latest filing to the Securities and Exchange Commission. The family office built a $110 million stake in Alphabet, making it Druckenmiller's seventh biggest holding at the end of the third quarter. The bet could complement his other big AI bets as Druckenmiller emerged as a bull on AI. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. Druckenmiller believes the market will be "very challenged" in the current environment, and only disciplined stock pickers will be rewarded.

Persons: Stanley Druckenmiller, Druckenmiller, it's, George Soros Organizations: Duquesne, Nvidia, Securities and Exchange Commission, Microsoft, Quantum Fund, Duquesne Capital Management, Social, Vistra Energy, Seagate Technology, Broadcom

Burry also closed out bearish options against the broad S&P 500 and Nasdaq 100 Index, the filings showed. His Scion Asset Management’s biggest new position last quarter was in bearish options on an exchange-traded fund focused on semiconductors. He bought put options with a notional value of $47.4 million against the iShares Semiconductor ETF (SOXX.O), according to the filing. The filings also showed that Burry's fund no longer held puts on the Nasdaq 100 and S&P 500. Hedge fund Man Group also sold its 1.1 million shares in Nvidia, while Renaissance Technologies LLC sold its entire stake in the company.

Persons: Michael Burry, Burry, George Soros, Carolina Mandl, David Gregorio, Anna Driver, Deepa Babington Organizations: U.S, Nasdaq, iShares Semiconductor, Soros Fund Management, Society, Nvidia, Taiwan Semiconductor Manufactoring, Man, Renaissance Technologies, Tiger Global Management, Eisler Capital, Man Group, Duquesne Family Office, Thomson Locations: U.S, TSMC, New York

FALLS CHURCH, Va. (AP) — A high-profile Democratic prosecutor in northern Virginia who pursued progressive reforms and drew criticism from Republican Gov. Biberaj conceded a day after the Loudoun County Board of Elections finished counting all ballots. Late absentee and provisional ballots narrowed Biberaj's deficit from roughly 1,000 votes to just 300 votes out of more than 135,000 ballots cast. Anderson, who served as Loudoun's top prosecutor from 1996 through 2003, spent just $70,000 on his campaign, compared to more than $1.1 million spent by Biberaj, according to the Virginia Public Access Project. "I am honored to lead this office again as Commonwealth’s Attorney-Elect for Loudoun County and deliver on my promise of restoring transparency and protecting our community from violent crime,” he said in a written statement.

Persons: Glenn Youngkin, Republican Bob Anderson, Biberaj, George Soros, Smith, sheriff's, Youngkin, Anderson, ” Organizations: Democratic, Republican Gov, Republican, Loudoun, Virginia GOP, Washington , D.C, Biberaj Locations: Va, Virginia, Loudoun County, Leesburg, Washington ,

☆ Investors increase holdings of weight-loss drug makers’ shares in Q3 -filings
▼ + stars: | 2023-11-14 | by ( Carolina Mandl | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 14 (Reuters) - Some big investors showed increased appetite for weight-loss drug makers in the third quarter, piling in to shares of Eli Lilly (LLY.N) and Novo Nordisk amid growing demand for their product, securities filings showed on Tuesday. Shares of Eli Lilly rose 14.5% in the third quarter and are up 67% this year. Some investors also bought more American Depositary Receipts of Novo Nordisk, including Fidelity Investments, Lazard Asset Management, T Rowe Price and Soros Fund. Novo Nordisk on Saturday presented data showing that the heart protective benefits of Wegovy are not solely due to weight loss, which could make it easier for healthcare insurance reimbursement in the future. Still, other investors trimmed their exposure to Eli Lilly, such as Wellington Management Group, California Public Employees Retirement System and Bridgewater Associates.

Persons: Eli Lilly, Eli Lilly's Mounjaro, JPMorgan Chase, Eli Lilly's, Rowe Price, Marshall Wace, LSEG, “ Stocks, ”, Vincent Aita, Carolina Mandl, Ira Iosebashvili, Matthew Lewis Organizations: Novo Nordisk, Novo, JPMorgan, Vanguard, Sigma, Tiger Global Management, Coatue Management, U.S . Food, Drug Administration, Novo Nordisk's Wegovy, Bank of America, Fidelity Investments, Lazard Asset Management, Soros Fund, Wellington Management Group, California, Bridgewater Associates, Marshall, Renaissance Technologies, Capital Management, Pfizer, Carolina, Thomson Locations: BlackRock, U.S, New York

☆ Pittsburgh Voters Stop a Soros-Backed Prosecutor Candidate
▼ + stars: | 2023-11-12 | by ( Maggie Hroncich | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: soros Locations: pittsburgh

☆ Gen Z's financial icons revealed: Taylor Swift beats Warren Buffett, and Bill Gates tops the list
▼ + stars: | 2023-11-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Three of the world's richest men lead the list. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But, Elon Musk, the world's richest person, isn't leading the pack this time. 2 on the college students' list. Swift even beat out multi-billionaires and industry giants Mark Zuckerberg and Warren Buffett for her place at fourth.

Persons: Zers, —, Bill Gates, Elon Musk, isn't, It's, Musk, Jeff Bezos, Taylor Swift, Warren Buffett, Mark Zuckerberg, Oprah Winfrey, Lebron James, Ryan Reynolds, Donald Trump, Kim Kardashian West, Michael Bloomberg, Martha Stewart, Kylie Jenner, George Soros, Jim Cramer, Howard Schultz, Gates, Bezos, Swift, who's, Rihanna, Jay Organizations: Service, Microsoft, Morning, Twitter, Bloomberg, College, Elon, NBA Locations: Miami

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