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Loop Capital sees "a much brighter revenue picture" ahead for Meta . The firm upgraded Meta shares to buy from hold in a Monday note. It said that, while expense rationalization was likely more of a "one-time driver," it is bullish on the overall revenue outlook for the tech company. Sanderson set his price target to $320, which implies shares rallying 36.7% from Friday's close. He noted that Meta's Reels is now growing faster in the short-form video category than rival TikTok.
While Alphabet has had a strong 2023, Loop Capital thinks the proliferation of artificial intelligence could hinder the stock going forward. Loop downgraded Alphabet to hold from buy. We disagree however with management's characterization that AI proliferation is similar [to] the transition to mobile. Loop found that following Meta, Alphabet has the highest total GAAP expenses per employee among the big four tech names including Microsoft and Apple. "We think long-term structural uncertainties surrounding the AI transition will keep investors nervous as the landscape evolves and put a ceiling on valuation," said the analyst.
In 2017, with Mr. Connors’ help, Mr. Maichle started his own company, Precision Compliance Consulting. ‘Boss Man’Mr. Connors, Mr. Lewis and Mr. Maichle were all active in college conservative politics in Wisconsin about 15 years ago, when Mr. Connors was the leader of campus Republicans at Marquette University. Of that, about $102,000 went to Campaign Now, the firm started by Mr. Connors, and another $112,000 to companies where Mr. Connors, Mr. Maichle or Mr. Lewis was either the owner or a partner, tax records show. Most of the money — more than $4.4 million — went to fund-raising companies via tens of thousands of small payments. Most of the money — more than $4.4 million — went to fund-raising companies via tens of thousands of small payments.
London CNN —The publisher of UK tabloid the Daily Mirror has apologized to Prince Harry for using unlawful methods to gather information about his private life. The pair has filed at least seven lawsuits against British and US media organizations since 2019, including Rupert Murdoch’s News Group Newspapers, according to Reuters. News Group Newspapers publishes the Sun and used to produce News of the World, which was shut down in 2011 over its own phone hacking scandal. A spokesperson for Mirror Group Newspapers said in a statement Wednesday that “where historical wrongdoing” has taken place, the group has taken “full responsibility” and apologized “unreservedly” for its actions. Mirror Group Newspapers “is now part of a very different company.
Most CMOs Who Leave Their Jobs Move Up, Study Finds
  + stars: | 2023-05-02 | by ( Patrick Coffee | ) www.wsj.com   time to read: 1 min
The job of chief marketing officer has become more complex, which has opened paths higher on the corporate ladder, says Richard Sanderson, head of Spencer Stuart’s marketing, communications and sales practice in North America. Photo: timothy a. clary/Agence France-Presse/Getty ImagesThe idea that chief marketing officers face more scrutiny and have less job security than those in other C-suite positions is misleading, according to new research from executive search firm Spencer Stuart. The increasing complexity of marketing operations has created new opportunities for CMOs in recent years, with the job more likely to serve as a steppingstone to more senior positions, said Richard Sanderson , leader of the firm’s marketing, communications and sales practice in North America.
How Gwyneth Paltrow Put Concussions On Trial
  + stars: | 2023-05-02 | by ( Mireille Silcoff | ) www.nytimes.com   time to read: +2 min
In March, on Day 7 of the Gwyneth Paltrow ski trial, after the court spectacle had already been branded everything from a “meme machine” to “the whitest trial of all time,” the retired optometrist Terry Sanderson sat in the witness box, somewhat deflated already. By that point, he probably knew that his pursuit of Paltrow for damages connected to a ski collision he said was her fault was a pretty bad idea. “This is a picture of you and your girlfriend, smiling big, right?”“Smile, camera, yup,” Sanderson replied. At a ski resort? As far as controversies go, the trial was as Diamond Life as you can get.
CNN —Nearly one month after Gwyneth Paltrow prevailed in the trial connected to a 2016 ski collision on a Utah mountain, the Goop founder stepped out in Beverly Hills to accept an award at the Daily Front Row’s LA Fashion Awards on Sunday. Watch as jury reads verdict in Gwyneth Paltrow ski collision trial 01:00 - Source: CourtTVIn her speech, Paltrow said that the award she was receiving is “lovely and very meaningful,” and added that they started G. Label in 2016 “for women who work, and who have kids and run around and wanted to be comfortable and confident.”(From left) Gwyneth Paltrow and Sara Foster at the LA Fashion Awards. Kim Kardashian and her daughter North West, Miley Cyrus, Teyana Taylor, Brie Larson and Keanu Reeves, among others, also attended the LA Fashion Awards with DAOU Vineyards on Sunday, which is an event that celebrates visionaries in fashion and Hollywood. Paltrow countersued Sanderson, alleging he crashed into her. Late last month, the jury found Paltrow not liable and ruled in her favor in her counterclaim against Sanderson.
Investors should step to the sidelines on JD.com which is facing growing competition from Tencent, according to Loop Capital. Analyst Rob Sanderson downgraded JD.com shares to hold from buy, citing rising competition that he expects will weigh on the stock. However, he expects that "Tencent's ecommerce ambitions will likely be an overhang, at best" as the multimedia conglomerate charges commissions for merchandise sales on its livestreaming platform. This is however a change from Tencent's traditional position as a traffic funnel into other ecommerce platforms, typically investees like JD," Sanderson wrote. "While we see potential for long-term upside, the demand for Chinese equities remains low and we think other vehicles will appear more attractive to global investors over the near-term," Sanderson wrote.
Gwyneth Paltrow’s Ski Trial Draws to a Close
  + stars: | 2023-03-30 | by ( Joseph De Avila | ) www.wsj.com   time to read: 1 min
Closing arguments are expected to begin Thursday in a civil trial involving actress and businesswoman Gwyneth Paltrow and a retired optometrist she collided with on a Utah ski slope in 2016. Terry Sanderson , 76 years old, sued Ms. Paltrow in 2019, alleging she rammed into him while they were both skiing at Deer Valley Resort in Park City, Utah. Mr. Sanderson has said Ms. Paltrow left him with a brain injury, four broken ribs and other serious afflictions.
Gwyneth Paltrow during the closing arguments of her trial in Park City, Utah. A jury found actress and businesswoman Gwyneth Paltrow not at fault in a skiing collision with a retired optometrist that occurred on a Utah ski slope in 2016, in a civil trial that concluded Thursday. Terry Sanderson , 76 years old, sued Ms. Paltrow in 2019, alleging she rammed into him while they were both skiing at Deer Valley Resort in Park City, Utah. Mr. Sanderson has said Ms. Paltrow left him with a brain injury, four broken ribs and other serious afflictions.
Gwyneth Paltrow Ski Trial Goes to Jury
  + stars: | 2023-03-30 | by ( Joseph De Avila | ) www.wsj.com   time to read: 1 min
Jury deliberations began Thursday in a civil trial involving actress and businesswoman Gwyneth Paltrow and a retired optometrist she collided with on a Utah ski slope in 2016. Terry Sanderson , 76 years old, sued Ms. Paltrow in 2019, alleging she rammed into him while they were both skiing at Deer Valley Resort in Park City, Utah. Mr. Sanderson has said Ms. Paltrow left him with a brain injury, four broken ribs and other serious afflictions.
March 30 (Reuters) - A jury in Utah ruled on Thursday that Oscar-winning actor Gwyneth Paltrow was not responsible for injuries sustained by a man during a ski slope collision at an upscale Park City resort in 2016. He said the injuries led to a traumatic brain injury and had sought more than $300,000 in damages from Paltrow at a civil trial. Gwyneth Paltrow looks on as her attorney objects during the closing arguments of her trial, in Park City, Utah, U.S., March 30, 2023. Rick Bowmer/Pool via REUTERSThe eight-person jury sided with Paltrow, ruling that Sanderson was 100% at fault, and awarded Paltrow the $1 in symbolic damages that she had asked for in a countersuit. Both fell to the ground with Paltrow on top of Sanderson, in a heap of skis and limbs, she said.
In court papers, Sanderson said he suffered "permanent traumatic brain injury" as a result of the collision. Paltrow said that is when they both fell to the ground with Paltrow on top of Sanderson, in a heap of skis and limbs. Gwyneth Paltrow testifies during her ski crash trial, in Park City, Utah, U.S., March 24, 2023. Paltrow, who said she was upset and cursed at Sanderson after the collision, said she did not ski off until after Sanderson told Christiansen that he was fine. "I did not cause the accident, so I cannot be at fault for anything that subsequently happened to him," Paltrow said.
Spooked dealmakers scurry back into their foxholes
  + stars: | 2023-03-23 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +8 min
NEW YORK, March 23 (Reuters Breakingviews) - Jonathan Kanter, a lawyer by training, has become something of a magician. Pay closer attention, however, and Kanter is methodically rewriting a decades-old regulatory playbook. Last year, these breakup charges reached their highest level in a decade, at an average 4.5% of deal prices. The Department of Agriculture partnered with the DOJ on the case, another feature of Kanter’s plan of attack. As legal weaknesses emerge, dealmakers should be in position to better structure transactions and defend themselves at trial.
How to Fight (and Win) When Airlines Change Your Flight
  + stars: | 2023-03-15 | by ( Dawn Gilbertson | ) www.wsj.com   time to read: 1 min
Anyone who flies regularly dreads that email from airlines: The flight you booked isn’t the one you will be taking. Dynie Sanderson got one from Air Canada last week. Her October flight from London to Nairobi via Cairo on a partner airline was changed to include a second stop. The five-hour layover in Ethiopia would make her miss the start of a safari.
Anyone who flies regularly dreads that email from airlines: The flight you booked isn’t the one you will be taking. Dynie Sanderson got one from Air Canada last week. Her October flight from London to Nairobi via Cairo on a partner airline was changed to include a second stop. The five-hour layover in Ethiopia would make her miss the start of a safari.
Edmonton's Connor McDavid scored twice for the first 50-goal season of his NHL career. Rantanen has goals in five straight games and MacKinnon recorded at least a point in his eighth consecutive game. Andrei Kuzmenko scored the winner 48 seconds into the overtime for the Canucks, who are 3-1-1 in their past five games. Isac Lundestrom, Jakob Silfverberg and Troy Terry also scored goals for the Ducks, with Silfverberg recording his 150th in an Anaheim uniform. Tyler Johnson and Andreas Athanasiou each scored goals for the Blackhawks, who saw their season-best five-game winning streak come to an end.
Lyft shares fell more than 30% during Friday premarket trading as traders weighed a weaker-than-expected forecast from the ridesharing company in its most recent earnings report. LYFT 1D mountain Lyft shares tumble For market observers on Wall Street, that was hardly a good enough explanation. As of Thursday's close, Lyft shares jumped more than 47%, following a 74% drop in 2022. While the analyst did not have a price target available, his previous target in January was $24 for the stock. Lastly, Loop Capital's Rob Sanderson downgraded Lyft to hold from buy, and dropped the price target to $10 from $17.
[1/3] Members of the Incident Management Team coordinate the search for a radioactive capsule that was lost in transit by a contractor hired by Rio Tinto, at the Emergency Services Complex in Cockburn, Australia, in this undated handout photo. Department of Fire and Emergency Services/Handout via REUTERSSYDNEY, Feb 1 (Reuters) - Authorities in Australia will review laws that penalise the mishandling of radioactive material with a A$1,000 ($707) fine as a search for a hazardous capsule lost in the Outback enters a seventh day. The penalty for failing to safely handle radioactive substances is A$1,000 and A$50 per day the offence continues, according to state legislation from 1975. The silver capsule, 6 mm in diameter and 8 mm long, contains Caesium-137 which emits radiation equal to 10 X-rays per hour. Authorities suspect vibrations on the bumpy road loosened screws and a bolt on the gauge letting the capsule fall out.
NHL roundup: Kraken hand Bruins first home regulation loss
  + stars: | 2023-01-13 | by ( ) www.reuters.com   time to read: +8 min
[1/5] Jan 12, 2023; Boston, Massachusetts, USA; Seattle Kraken goalie Martin Jones (30) reacts during the third period against the Boston Bruins at TD Garden. Jones logged 10 of his stops in the second period in his third shutout this season and 28th overall. Tyler Seguin scored his 10th goal of the season for the Stars and Oettinger made 29 saves. Kyle Connor scored the game-winning goal in the third period, while Dylan Samberg, Josh Morrissey and Karson Kuhlman also scored for the Jets. Victor Olofsson had a goal and an assist and Tyson Jost scored for Buffalo, which has lost three in a row.
Cargill CFO Resigns as Company Reshuffles Leadership
  + stars: | 2023-01-10 | by ( Kristin Broughton | ) www.wsj.com   time to read: +3 min
Cargill Inc. said its chief financial officer, Jamie Miller, is stepping down for another opportunity as the agricultural giant reshuffles its executive leadership. Ms. Miller will leave Cargill on Jan. 13, the Minneapolis-based company said on Monday. Jamie Miller, chief financial officer of Cargill, is set to leave the company on Jan. 13. Photo: CargillCargill has begun an external and internal search for Ms. Miller’s successor, according to a spokeswoman. The spokeswoman said Ms. Miller is leaving Cargill for a job on the East Coast and to be closer to family.
Despite the uncertainty surrounding the market to start the new year, Wall Street analysts see several stocks they like going forward. CNBC Pro combed the top 2023 picks from nine research firms to find the most common stocks between them. AMZN 1Y mountain Amazon in past year Another top pick shared among several analysts is brokerage Charles Schwab . "We like Schwab going into 2023 because of the downside protection and multiple avenues of upside it offers," wrote JPMorgan's Kenneth Worthington. Domino's Pizza , meanwhile, was named a top pick at Bank of America and BTIG after a tough year.
Barbarians at the check-in desk
  + stars: | 2022-12-22 | by ( ) www.reuters.com   time to read: +2 min
While Vivion’s equity is unlisted, Muddy Waters was betting against its debt. The price of bonds due in 2024 fell to 72% of face value after Block’s report, according to Refinitiv data. Vivion contends that Muddy Waters has overestimated the number of vacant properties, and that its shareholders have put cash in the company in recent years, not taken it out. If so, though, Vivion could always step up its purchase of its own debt at the current low prices. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Visitors gather at the FIFA World Cup countdown clock in Doha on October 30, 2022. But Minden told CNN: “It’s not safe and it’s not right.”‘Everyone is welcome to Qatar’A Qatar government official told CNN in a statement that the World Cup host was an inclusive country. It doesn’t sit right with me.”Qatar isn’t the first controversial host of a big sporting event, or even a FIFA World Cup. Wales is one of eight participating European countries at the World Cup supporting the initiative. The World Cup, like the Olympics, puts the host country under a global spotlight.
[1/5] Nov 16, 2022; Edmonton, Alberta, CAN; Edmonton Oilers forward Zach Hyman (18) and Los Angeles Kings forward Trevor Moore (12) battle for a loos puck during the second period at Rogers Place. Mandatory Credit: Perry Nelson-USA TODAY SportsNovember 17 - Trevor Moore scored all three goals for the visiting Los Angeles Kings in a 3-1 win against the Edmonton Oilers on Wednesday night. It was the first hat trick of Moore's five-year NHL career and just his third multigoal game. Zach Hyman scored and Stuart Skinner stopped 29 shots for the Oilers, who have lost five of their past seven games. Buffalo goalie Eric Comrie gave up two goals on 24 shots before leaving the game late in the second period with an injury.
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