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☆ ‘Rust’ Armorer Convicted of Manslaughter in Alec Baldwin Shooting
▼ + stars: | 2024-03-06 | by ( Julia Jacobs | ) www.nytimes.com time to read: +1 min

The armorer who put a live round into the gun that Alec Baldwin was rehearsing with on the set of the film “Rust” in 2021 when it went off, killing the cinematographer, was found guilty of involuntary manslaughter on Wednesday. The conviction of the armorer, Hannah Gutierrez-Reed, marks the first time a jury has weighed in at trial on the fatal shooting of the cinematographer, Halyna Hutchins. After the verdict was read, prosecutors asked that Ms. Gutierrez-Reed be taken into custody and the judge, Mary L. Marlowe Sommer, agreed. A court officer led Ms. Gutierrez-Reed out of the courtroom, not in handcuffs. Mr. Baldwin is also facing a charge of involuntary manslaughter and is scheduled to stand trial in July.

Persons: Alec Baldwin, Hannah Gutierrez, Reed, Halyna Hutchins, Ms, Gutierrez, Mary L, Marlowe Sommer, Baldwin

☆ The Core of the Tax Code Will Change, but We Don’t Know How
▼ + stars: | 2024-03-02 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

Navigating the byzantine U.S. tax rules and completing your return may be enough of a headache. But you can count on fresh tax stress coming from Washington not far down the road. On Dec. 31, 2025, critical parts of the 2017 federal tax law are scheduled to expire. As if that weren’t complicated enough, the tax code before the 2017 law included provisions for future inflation adjustments — and there has been a lot of inflation over the last few years. These adjustments need to be applied if the law sunsets, as scheduled, making the actual numbers for important things like federal tax brackets difficult to estimate.

Persons: Trump Locations: Washington

☆ Norwegian Cruise Line reports first profitable year since 2019
▼ + stars: | 2024-02-27 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

The Norwegian Viva is docked at PortMiami's Terminal B ahead of its christening ceremony on Nov. 29, 2023, in Miami. Norwegian Cruise Line Holdings on Tuesday reported its first profitable year since 2019 as fourth-quarter losses narrowed dramatically. The cruise company reported strong growth and ticket demand with an encouraging 2024 forecast. Adjusting for one-time items, Norwegian reported a loss per share of 18 cents. "Norwegian Cruise Line Holding experienced a momentous year of growth and achievement in 2023," CEO Harry Sommer said in a statement.

Persons: Harry Sommer, it's, LSEG Organizations: Norwegian Cruise Line Holdings, Norwegian, Cruise Line, Royal Caribbean Cruises, Carnival Corp Locations: Norwegian, Miami, LSEG, Gaza

☆ Andreas Brehme, who won the 1990 World Cup for West Germany, dies aged 63
▼ + stars: | 2024-02-20 | by ( Ben Morse | Nadine Schmidt | ) edition.cnn.com time to read: +5 min

Later that year, a unified German soccer team was formed following the country’s unification. Lothar didn’t fancy it [in the 1990 World Cup final]. He was part of the team which finished runner-up in the 1986 World Cup and runner-up in the 1992 European Championships. Andy was our World Cup hero, but for me he was much more than that – he was my close friend and companion to this day. “In 1990 he fired the German national team to the World Cup title with his penalty and became a football legend.

Persons: ” Andreas Brehme –, –, Brehme, ” Brehme, Franz Beckenbauer, West, FourFourTwo, “, ”, Rudi, Völler, Lothar, Matthäus, Lothar didn’t, “ Andreas Brehme, Bernd Neuendorf, Mario Götze, Gerd Müller, Helmut Rahn, Andreas Brehme –, Andreas ’, Andy, Ciao Andi, Otto Rehhagel, Sportpark Ronhof Thomas Sommer, Sebastian Widmann, ” Kaiserslautern Organizations: CNN, West, Bayern Munich, Argentina, FIFA, FourFourTwo, Bundesliga, FC Kaiserslautern –, Italian Serie, Inter Milan, German Football Association, DFB, Kaiserslautern, Bavarian, Internazionale, UEFA, ” Inter, Real Zaragoza, Devils, German, FCK Locations: West Germany, Rome, German, Italian, Brehme, Italy, Spain, Kaiserslautern

☆ January Was Awesome for Stock Pickers, but Can They Keep It Going?
▼ + stars: | 2024-02-16 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

Over the last 20 years, stock pickers have had a dismal record. In some periods, stock pickers rule, and the start of this year was one of those times. The S&P 500 and other stock indexes set records during the month. It was that active stock funds did even better, though not by much, beating various market indexes by less than a percentage point, on average. That happened to be the best calendar year for stock pickers in decades.

Organizations: Bank of America

State District Judge Mary Marlowe Sommer was stern with her warning during a virtual hearing, saying the start of the trial next week would not be delayed. The judge added that she reviewed the texts in question and that they were not material to Bowles' legal strategy. The upcoming trial is expected to revolve around the question of how live rounds ended up on the set. Authorities during their investigation recovered recovered six live rounds, including the round that killed cinematographer Halyna Hutchins and wounded director Joel Souza. Defense attorneys said during Wednesday's hearing that they have “plenty of evidence" that it was somebody else who put those live rounds on the set.

Persons: Alec Baldwin, Mary Marlowe Sommer, Hannah Gutierrez, Reed, ” —, Jason Bowles, ”, ” Bowles, Gutierrez, Bowles, Halyna Hutchins, Joel Souza, armorer Hannah Gutierrez, Baldwin, “ Organizations: SANTA FE, Prosecutors, Authorities, New Locations: SANTA, New Mexico, Albuquerque

☆ IBM Reopens Its Frozen Pension Plan, Saving the Company Millions
▼ + stars: | 2024-02-09 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

Traditional pension plans haven’t come back. Last month, IBM thawed out a defined benefit pension plan that it had froze more than 15 years ago. These moves are startling, because, on the surface, at least, IBM seems to be reversing a decades-long trend of corporations moving away from traditional pension plans. IBM’s new approach is significant because the company has been a leader in employee benefit policymaking. In fact, IBM’s new pension plan isn’t nearly as generous to long-tenured employees compared with its predecessor.

Persons: haven’t Organizations: IBM

☆ Mideast Crisis Biden Criticizes Opposition to Bill That Includes Aid to Israel and Gaza
▼ + stars: | 2024-02-07 | by ( Erica L. Green | ) www.nytimes.com time to read: +7 min

Some of the dead were killed inside Israel on Oct. 7. At least three hostages were killed by the Israeli military during its ground operations. Only one hostage has been freed by an Israeli military rescue operation. The Israeli military’s assessment did not conclude that any of the dead hostages were killed in Israeli strikes. But some of the hostages freed in November have said that they fear those still in Gaza could be killed in Israeli salvos.

Persons: Israel, “, ”, Daniel Hagari, Benjamin Netanyahu’s, Gadi, Liat Bell Sommer, ” Ms, Sommer, Avi Kalo, Kalo, Sahar Kalderon, Johnatan Reiss, Aaron Boxerman, Gabby Sobelman, Sheikh Ahmad Organizations: Hamas, The New York Times, Tuesday, Times, Qatar — Locations: Gaza, Israel, Egypt, Qatar, United States

☆ These small male marsupials give up sleep for sex, then die after intense mating season, study finds
▼ + stars: | 2024-01-25 | by ( Hafsa Khalil | ) edition.cnn.com time to read: +5 min

Scientists based in Australia have found that mouse-sized male antechinus trade sleep to leave more time for reproductive activities during mating season, with one male who was monitored halving his sleep time during that period. Non-breeding dusky antechinus spend an average of 15.3 hours of the day asleep, according to the researchers. “Sleep restriction in breeding male antechinus is likely to be an adaptive behavioral response driven by strong sexual selection,” the paper said. To study the semelparous marsupials, researchers examined two antechinus species: dusky antechinus (Antechinus swainsonii) and wild agile antechinus (Antechinus agilis) both captive and wild. Lesku said researchers would next like to examine how male antechinus deal with restricting their sleep for three weeks.

Persons: ” Erika Zaid, ”, Erika Zaid, Francesca Leonard, Zaid, John Lesku, antechinus, ” Lesku, Erika Zaid “, Volker Sommer, ” Sommer, Lesku Organizations: CNN, La Trobe University, “, University College London Locations: Australia, Melbourne

☆ The Market Has Had a Fabulous Run, but This Peak Doesn’t Really Matter
▼ + stars: | 2024-01-20 | by ( Jeff Sommer | ) www.nytimes.com time to read: 1 min

If you’ve been in the stock market for a while, congratulations. Now that the market has reached a new peak, you’ve probably made some money. The S&P 500 on Friday surpassed the peak it reached on Jan. 3, 2022. After a miserable performance in 2022, the stock market had a fabulous run. If you are a long-term investor, this particular market peak isn’t likely to matter.

Persons: you’ve

☆ Crypto Funds Have Arrived. But Who Needs Them?
▼ + stars: | 2024-01-19 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

Exchange-traded funds come in many shapes and sizes. Some are plain vanilla, diversified index funds that let you invest in the entire stock and bond markets, and are excellent core holdings for the great majority of people. Then there are the quirky, narrowly focused E.T.F.s like the Inverse Cramer Tracker, which enables you to bet against the stock picks of the CNBC television host Jim Cramer. The fund is legal, approved by the Securities and Exchange Commission — and a money-loser since its inception last year. Betting against Jim Cramer just isn’t a great investing strategy.

Persons: Jim Cramer, Bitcoin, legitimizing Organizations: CNBC, Securities and Exchange Commission Locations: Bitcoin

☆ After a Rip-Roaring 2023, the Markets Are Taking a Breather
▼ + stars: | 2024-01-13 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

It was a great year for the stock market and for the vast majority of investors in workplace retirement accounts. Even after the 2023 gains, most stock investors are only barely above water since the start of 2022. Even so, the paltry stock market increases haven’t kept up with inflation. It was arguably even worse than 2008, when the stock market collapsed during the great financial crisis. In 2022, bonds declined sharply in value as interest rates rose, while during the financial crisis, investment-grade bonds rallied as interest rates declined.

Persons: let’s, haven’t Organizations: Federal Reserve Locations: U.S

☆ Don’t Put Your Eggs in One Basket. That Investing Principle Still Holds.
▼ + stars: | 2023-12-01 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +1 min

I’m talking about the 60/40 portfolio, which has sometimes been considered the living heart of investing. They are merely a convenient starting point for thinking about investing and not an exact, general-purpose prescription for everyone. While it’s more complicated, it comes down to this: Don’t keep your eggs in one basket. Diversification in investing is as important now as it ever was, even if it hasn’t paid off lately. If you held a broad portfolio of stocks and bonds in 2022 — whether your mix was 60/40 or some other variant — you probably lost money.

☆ Wall Street is again making predictions for next year, but don't pay too much attention
▼ + stars: | 2023-11-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Not surprisingly, Wall Street tends to be a bullish group. Wall Street has a terrible track record All of this gets investor juices flowing. Wall Street strategists collectively have a terrible track record. As a result, you might be tempted to think you should pay no attention to Wall Street, or anybody else. If nothing else, the predictions of Wall Street strategists are a good starting point for all of us to think about the near future.

Persons: Lori Calvasina, America's Savita Subramanian, Morgan Stanley's Michael Wilson, Goldman Sachs, Morgan Stanley, Jeff Sommer, Sommer, Morgan Housel, I'm Organizations: Deutsche Bank, BMO Capital Markets, RBC Capital Markets, Bank, America's, Wall Street, of America, Barclays, UBS, Wealth, Wells, Wells Fargo Securities, Street, New York Times, Yardeni Research, Federal Reserve, Wall Locations: Wells Fargo, Russia, Ukraine, Israel

☆ In the Stock Market, Don’t Buy and Sell. Just Hold.
▼ + stars: | 2023-11-24 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +1 min

Selling all of your stock just before the market falls, and buying shares just before the market rises, is a brilliant strategy. And if you could repeat the feat over and over again, you would be fabulously rich — a true stock market wizard. Without question, it’s so hard that the vast majority of professional traders can’t do it, as countless studies have shown. Most of us are better off living with the reality that the stock market moves down as well as up, and that we can’t beat it. And the study implies that a simple, unspectacular strategy — buying and holding the entire market through low-cost index funds — is probably the best bet for most people.

☆ The Fed’s Decisions Now Could Alter the 2024 Elections
▼ + stars: | 2023-11-17 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +1 min

What’s happening in the economy now will have a big effect — perhaps, a decisive one — on the presidential election and control of Congress in 2024. Right now, that model, created and run by Ray Fair, a Yale economist, shows that the 2024 national elections are very much up for grabs. The economy is strong enough for the incumbent Democrats to win the popular vote for the presidency and Congress next year, Professor Fair’s projections find. Persistent — though declining — inflation also gives the Republicans a reasonable chance of victory, the model shows. Both outcomes are within the model’s margin for error.

Persons: Ray Fair, it’s Organizations: Yale

☆ Late Israel equaliser puts Swiss Euro 2024 qualification on ice
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

The unbeaten Swiss moved top of Group I, with 16 points from eight matches, but only ahead of Romania on goal difference. Israel are third on 12 points with all three countries having two games left. Vargas came within inches of doubling his tally five minutes after his goal when he thundered a shot off the crossbar. As a result, Israel play four games in the space of nine days to complete their qualifying campaign. The Swiss face Kosovo in Basel on Saturday and then complete their campaign away in Romania on Tuesday.

Persons: Israel, Shon Weissman's, Ruben Vargas, Edimilson Fernandes, Weisman’s, Fernandes, Noah Okafor, Vargas, Sean Goldberg, Dor Turgeman’s, Turgeman, Yann Sommer, Mark Gleeson, Toby Davis Organizations: European Championship, Kosovo, Swiss, Palestinian, Hamas, Romania, Puskas Academy Arena, Thomson Locations: FELCSUT, Hungary, Switzerland, Germany, Swiss, Romania, Israel, Kosovo, Budapest, Andorra, Basel, Cape Town

☆ The Betting on the Presidential Election Has Begun
▼ + stars: | 2023-11-10 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +1 min

Financial journalists love Wall Street aphorisms. “The stock market climbs a wall of worry” is useful whenever investors are fretting. That hallowed saying could be repurposed today, except for a formidable problem. It refers to the betting on elections that took place on Wall Street, which was commonplace back then — and covered extensively in The Times and other major newspapers, as an important source of information about national, state and local political contests. Today, except for indirect and elaborate financial hedges on the policy implications of election outcomes, outright betting on elections is no longer a core part of American finance.

Persons: “ Don’t Organizations: Wall, The New York Times, The Locations: The Times

☆ In a Warming World, Clean Energy Stocks Fall While Oil Prospers
▼ + stars: | 2023-11-03 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +1 min

But the stock market doesn’t seem to have gotten the memo. Instead, the shares of a broad range of clean energy companies have been crushed lately, in a rout that encompasses just about every alternative energy sector, including solar, wind and geothermal power. At the same time, rather than weaning themselves off oil, Exxon Mobil and Chevron, the two biggest U.S. oil companies, are doubling down. The evidence that carbon emissions are warming the planet is persuasive. Yet the stock market, which is supposed to be forward-looking, is treating alternative energy companies with disdain and big oil companies with respect.

Persons: Hess Organizations: Exxon Mobil, Chevron, Exxon, Natural Resources

☆ Norwegian Cruise Line cancels stops in Israel, cuts outlook for the year
▼ + stars: | 2023-11-01 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

The passenger cruise ship Norwegian Prima arrives at the French Mediterranean port of Marseille. The Israel conflict has also impacted broader cruises to the Middle East area beyond just its Israel stops, the company said on its earnings call. Last week, rival cruise line Royal Caribbean Group said canceled sailings to Israel will negatively impact its earnings for the year by three cents a share. The cruise company also the wildfires in Maui forced Norwegian to modify some August itineraries. The company lowered its 2023 occupancy outlook to 102.6% from 103.5%, citing the disruptions affecting fourth quarter performance.

Persons: Norwegian Prima, Gerard Bottino, Harry Sommer Organizations: Getty Images, Cruise Line Holdings, Hamas, Royal Caribbean Group Locations: Norwegian, Marseille, Israel, Maui, East

☆ Lobster dinners, luxury goods, and go karting: everyday travelers are splashing out on their cruises
▼ + stars: | 2023-10-28 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Onboard spending jumped from an average of $66 a day to $81 a day from the second quarter of 2019 to the same time in 2023. AdvertisementAdvertisementFrom WiFi to fancy dinners to go-karting at sea , cruise travelers have been spending big at sea. In the third quarter of 2021, Arnold Donald, the former president and CEO of Carnival Corp, was already noting "off the charts" onboard spend . Amid the influx of ultra-cheap cruises , onboard spend caught up to and surpassed 2019 levels before fares did. "It's a longer sales cycle that helps build that overall onboard revenue product," Mark Kempa, Norwegian's executive vice president and CFO, said during the call.

Persons: —, Arnold Donald, it's, Holland America —, Robin Farley, Patrick Scholes, Brittany Chang, Harry Sommer, Sommer, Mark Kempa, Jason Liberty, Liberty, Scholes, We're, couldn't Organizations: Service, Carnival Corp, Holland America, UBS, Truist Securities, Farley Travelers, Royal, Norwegian Cruise Line Holdings, Royal Caribbean Group, MSC, Cartier, Rolex Locations: Royal Caribbean, CocoCay, Norwegian

☆ The Bond Market, a Sleeping Giant, Awakes
▼ + stars: | 2023-10-27 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +1 min

The bond market is stirring. After years of low interest rates, yields throughout the vast global bond market are soaring. And in the bond market, traders and central bankers drove longer-term yields below 1 percent. Those depressed bond market yields fluctuated but never reclaimed their past heights. Interest rates were so low for so long that businesses and investors barely needed to think about them.

Organizations: Federal Reserve, Bear Locations: Washington, Bear Stearns

☆ The Gems Hiding in Plain Sight in the Treasury Market
▼ + stars: | 2023-10-20 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: 1 min

You didn’t have to be a financial wizard to get a safe return of more than 7 percent on your money for decades to come. All you had to do was buy a 30-year U.S. Treasury bond in the last nine months of 1994. There were treasures elsewhere in the investment-grade bond market. Tax-free municipal bonds were paying more than 6 percent, and corporate bonds carried rates that were even higher. While interest rates have risen appreciably, I’m not confident that we are experiencing a 30-year peak with bargains galore, as the fortunate bond buyers of 1994 did.

Organizations: Treasury

CNN —The UK, France, and Germany have all pledged to step up security measures amid fears of attacks against members of the Jewish community after videos emerged of people apparently celebrating deadly attacks launched by Hamas militants. The surprise attacks saw gunmen cross the border from Gaza into Israel under the cover of rocket fire, seizing hostages and leaving more than 600 people dead. Israel is still fighting the militants and has been pounding targets in Gaza in response. Social media footage shows people waving Palestinian flags in the streets of Berlin and London following the violence. “We remain on duty tonight with increased forces to protect Jewish and Israeli institutions and prevent anti-Israel crimes in the city area.

Persons: Fabian Sommer, Suella Braverman, ” Braverman, Chancellor Olaf Scholz, “, Élisabeth Borne, Borne Organizations: CNN, Hamas, London’s Metropolitan Police, Twitter, ” Police, Getty, Community Security Trust, BFMTV Locations: France, Germany, Gaza, Israel, Berlin, London, Ryckestrasse, Britain, ”, French

☆ Inter's perfect start ended by Sassuolo
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

[1/5] Soccer Football - Serie A - Inter Milan v U.S. Sassuolo - San Siro, Milan, Italy - September 27, 2023 U.S. Sassuolo's Domenico Berardi in action with Inter Milan's Alessandro Bastoni REUTERS/Massimo Pinca Acquire Licensing RightsMILAN, Sept 27 (Reuters) - Inter Milan's perfect start to the Serie A season ended as Sassuolo mounted a fine comeback to secure a shock 2-1 victory on Wednesday. Inter led through a first-half goal by Denzel Dumfries but Sassuolo, coming off Saturday's 4-2 home victory over Juventus, secured all three points with goals from Nedim Bajrami and Domenico Berardi. For what we created, we should’ve scored more than one goal," Inter manager Simone Inzaghi told DAZN. If you lose your shape against a team like Sassuolo, it becomes very difficult." Inter visit Salernitana on Saturday in Serie A before hosting Benfica on Oct. 3 in the Champions League group stage.

Persons: Sassuolo's Domenico Berardi, Alessandro Bastoni, Massimo Pinca, Denzel Dumfries, Nedim Bajrami, Domenico Berardi, Stefano Pioli's, should’ve, Simone Inzaghi, DAZN, Dumfries, Sassuolo, Bajrami, Yann Sommer, Berardi, Inzaghi, Victor Osimhen, Matias Vecino, Mattia Zaccagni, Tommy Lund, Ed Osmond Organizations: Soccer, Inter Milan, Inter, Alessandro Bastoni REUTERS, Serie, Wednesday, Juventus, Milan, Cagliari, Salernitana, Serie A, Benfica, Champions League, Napoli, Udinese, Lazio, Torino, Thomson Locations: San Siro, Milan, Italy, U.S, Sassuolo, Gdansk

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