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LVMH heir Antoine Arnault in spotlight after management shuffle
  + stars: | 2023-11-22 | by ( ) www.reuters.com   time to read: +2 min
Antoine Arnault, 46, is also in charge of image and environment at LVMH, and credited with negotiating a high-profile deal for the company to sponsor next summer's Paris Olympic Games. He will remain chairman of Berluti, which he has managed since 2012, as well as another LVMH fashion brand Loro Piana. Jean-Marc Mansvelt, CEO of historic jewellery label Chaumet, will become CEO of Berluti, while Charles Leung, CEO of jewellery label Fred, will become CEO of Chaumet. The group will seek a successor for Leung, who recently created buzz by introducing high-end jewellery featuring lab-created diamonds. Reporting by Mimosa Spencer; editing by Jason Neely and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.
Persons: Antoine Arnault, Du, Bernard Arnault, Berluti, Maison, Toni Belloni, Jean, Marc Mansvelt, Charles Leung, Leung, Bernard Arnault's, Delphine Arnault, Dior, Mimosa Spencer, Jason Neely, Jane Merriman Organizations: LVMH, Olympic, Thomson Locations: Paris, PARIS, LVMH
Sailors have been sharing a heavy metal Spotify playlist they made to deter orca attacks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome sailors are beginning to take their ongoing battle against marauding orcas up a notch: blasting heavy metal music to try to scare away the marine mammals. Rutsch heard through the grapevine that blaring heavy metal music from underwater speakers might deter the apex predators — and the idea even came with a shared Spotify playlist, called 'Metal for Orcas,' specially curated by other sailors, The New York Times reported. Even if orcas did initially hate heavy metal, with their uncanny ability to communicate and adapt, they may have already gotten used to the rockin' tunes.
Persons: , Florian Rutsch, Rutsch, White, orcas Organizations: Service, New York Times, Times Locations: Portugal, German, Spain, Gibraltar
Key to the agreement signed Thursday is a massively controversial amnesty that could benefit Puigdemont and thousands of other secessionists. Puigdemont is one of several Catalan leaders who fled justice after an illegal independence referendum was held in 2017. 1 for many Spaniards, and Catalan independence a politically toxic issue, some wonder why Sánchez, who has long opposed any amnesty, is now pushing for it. Those include the two pro-secession Catalan parties who led the unsuccessful 2017 breakaway attempt. A LEGAL QUAGMIREAny amnesty approved by Spain's Parliament is likely to be contested by the opposition parties and several courts in Spain.
Persons: — Spain's, Pedro Sánchez ’, Carles Puigdemont, Sumar —, Sánchez, Junts, QUAGMIRE, Didier Reynders, Spain’s, ___ Wilson Organizations: MADRID, Socialist, WHO, AMNESTY, Sánchez's Socialists, Forces, Popular Party, Vox, Police, Socialists, Junts, Basque Country, Court, European Union Locations: Catalunya, Catalonia, Spain, Spain's, Puigdemont, CATALONIA, Barcelona, Madrid, Basque, Navarra, Belgium
The end of the Hollywood actors' strike takes a risk off the table for Disney (DIS) — just as CEO Bob Iger's turnaround plan for the entertainment giant is starting to show real progress. Prior to the announcement, Disney CEO Bob Iger told CNBC that the strike's impact on the business had so far been "negligible." DIS YTD mountain DIS stock performance year-to-date. With Disney's strong quarterly cash flow and healthy balance sheet, Jim said he expects a stock buyback as soon as next year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Bob Iger's, Bob Iger, Jim Cramer, Jim, Cramer, Disney, Morgan Stanley, Jim said, Jim Cramer's, Mickey, Minnie, Ian Langsdon Organizations: Hollywood, Disney, SAG, CNBC, Investors, Iger, Management, ESPN, Paris, Afp, Getty Locations: Marne, Paris
SAG-AFTRA has reached a tentative agreement to end its strike against the Hollywood studios. The strike lasted 118 days, and, along with the Hollywood writers' strike, halted most film and TV production. AdvertisementAdvertisementThe actors' union, SAG-AFTRA, announced Wednesday evening that it had secured a tentative deal with Hollywood studios to end a strike of nearly four months, a spokesperson for the guild confirmed to Insider. The guild's national board will review the tentative deal on Friday, November 10, after which the union said "further details" would be released. While 2023 has seen some box office highs, most notably the summer's Barbenheimer phenomenon, movie theaters, and Hollywood studios are still struggling to recover from the pandemic drop in theatergoing.
Persons: AFTRA, , Netflix —, Bob Iger, Donna Langley, Ted Sarandos, David Zaslav, Debra Messing, Pedro Pascal — Organizations: Hollywood, Service, SAG, Alliance, Television Producers, Writers Guild of America, Warner Bros, Disney, Netflix, Discovery, WGA, Apple, Paramount, Sony, Writers Locations: California, Hollywood,
One Premiership team has hired a creative director to expand its apparel offering, while Adidas in September launched an "exclusively off-pitch" apparel collection for some of the big-name teams it sponsors. "The love-in between football and fashion is only just beginning," said Richard Busby, CEO at sponsorship consultancy BDS Sponsorship. In August, Crystal Palace hired Kenny Annan-Jonathan as creative director focused on apparel. "We are experiencing hype around football jerseys and general designs influenced by football culture across streetwear and fashion," said Puma's global creative director Heiko Desens. "There's a risk of tension with existing fans whenever you start moving beyond the core culture," said Athens Kallithea's president and creative director, Ted Philipakos.
Persons: Asanka Brendon Ratnayake, Kim Kardashian, Richard Busby, Mary Earps, Busby, Kardashian, Germain, Mia Regan, Kenny Annan, Jonathan, GlobalData, Heiko Desens, Puma, popstar, cleats, Pele, Rihanna, Graham Renwick, Prada, Ted Philipakos, Philipakos, Helen Reid, Catherine Evans Organizations: Soccer Football, FIFA, England, Soccer, LONDON, Adidas, Puma, Nike, Greek, Athens Kallithea, Paris Saint, Arsenal, Crystal Palace, Premier League club, FOOTBALL, Bayern Munich, Juventus, Manchester United, Real, Liverpool, Newcastle United, Italy's Venezia FC, Athens Kallithea's, Premier League, Bundesliga, Thomson Locations: New Zealand, Spain, Australia, Sydney, Brazilian, Real Madrid, Italian, Athens
Fed buzz: words to watch for as the Fed sets rates
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +5 min
Here are a few words and phrases to watch for in the Fed's post-meeting statement on Wednesday and in Fed Chair Jerome Powell's news conference, and what they might suggest for the future path of interest rates. Any change to that phrase could signal Fed policymakers feel they are closer than before to reaching a sufficiently restrictive stance of monetary policy. Reuters GraphicsPROCEED CAREFULLYIn his news conference following the Fed's September decision to hold the policy rate steady, Powell said the Fed would proceed or move "carefully" 11 separate times. The adverb is meant to convey a central bank no longer barreling ahead with ever-tighter policy, as it did last year when it drove the policy rate up in chunks of as much as 75-basis-points at a time. A few of Powell's colleagues have said those risks have recently become roughly balanced; Powell has not.
Persons: Jerome Powell, Brendan McDermid, Jerome, Powell, Ann Saphir, Andrea Ricci Organizations: Economic, of New, REUTERS, Federal Reserve, Reuters Graphics, Powell, Reuters, Thomson Locations: of New York, New York City, U.S
Newcastle's Tonali banned for 10 months for betting offences
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +2 min
ROME, Oct 26 (Reuters) - Newcastle United midfielder Sandro Tonali has been banned from soccer for 10 months over breaches of rules on betting on matches in Italy, the head of the Italian Football Federation (FIGC) said on Thursday. It will rule Tonali out for the remainder of the club season and next summer's Euro 2024 tournament should Italy qualify. Tonali, 23, is the highest profile player caught up in a betting scandal that is shaking Italian soccer. Legal and sporting authorities have been investigating the use of illegal betting platforms by soccer players in Italy. Aston Villa's Italy midfielder Nicolo Zaniolo is also assisting authorities in their investigation into alleged illegal betting activity, the Premier League club said last week.
Persons: Sandro Tonali, Tonali, Gabriele Gravina, Nicolo Fagioli, FIGC's Gravina, Nicolo Zaniolo, Elvira Pollina, Keith Weir, Alvise Armellini Organizations: Newcastle United, Italian Football Federation, Newcastle, Milan, AC Milan, Champions League, Borussia Dortmund, Juventus, Aston, Premier League, Thomson Locations: Italy, Italian, Newcastle, Turin
Kim Kyung-Hoon | ReutersBEIJING — Chinese authorities late Tuesday announced one of the biggest changes to the national budget in years, along with the issuance of 1 trillion yuan in ($137 billion) in government bonds. Chinese state media said the 1 trillion yuan in central government issuance is set to be transferred to local governments in two parts, half for this year and half for next year. "It is roughly around 5% of transfer revenues or 2% of total revenues for the local governments," Yin said. "Note a special program has already been started since October, allowing local governments to issue special refinancing bonds to swap their outstanding hidden debt. Goldman Sachs analysts estimated the early issuance could be as much as 2.7 trillion yuan, based on prior government practice.
Persons: Kim Kyung, Hoon, Larry Hu, it's, Ting Lu, Yin, Nomura's Lu, Ricky Tsang, they're, Tsang, , Goldman Sachs, Macquarie's Hu, It's Organizations: Reuters, Macquarie, Monetary Fund, People's Bank of Locations: Beijing, Reuters BEIJING, China, Hong Kong, People's Bank of China
Spirit Airlines canceled 185 flights on Friday and Saturday. AdvertisementAdvertisementIf you're flying on a budget this month, prepare for delays: Spirit Airlines canceled almost 200 flights on Friday and Saturday. AdvertisementAdvertisementA spokesperson for Spirit Airlines did not elaborate on the reason for the inspections when asked by Insider. This is not the first time in recent months Spirit Airlines customers have seen major disruptions. The current delays are unrelated to this summer's engine issues, a spokesperson for Spirit Airlines told Insider.
Persons: Organizations: Spirit Airlines, Service, Federal Aviation Administration, CNN, CNBC
France, where Ryanair serves cities such as Marseille and Bordeaux, has floated proposals for a minimum ticket price in an effort to reduce pollution from aviation. The French price proposal, which EU officials said has drawn some support from the Netherlands and Belgium, got short shrift from senior Ryanair executive Eddie Wilson. Having established a strong position in large parts of Western Europe, Ryanair is now looking east to countries such as Poland for further growth. Europe's main airlines lobby group expressed relief and called on more European coordination to support the sector. Lufthansa CEO Carsten Spohr has said a stronger ITA will reinvigorate competition in the Italian market but Ryanair's Wilson is unperturbed, describing ITA as a sideshow.
Persons: Eddie Wilson, Wilson, Andrea Giuricin, Giorgia, Giuseppe Cocuzza, Ourania Georgoutsakou, Carsten Spohr, Ryanair's Wilson, Rome Fiumicino, Sacbo, Angelo Amante, Keith Weir, Joanna Plucinska, Emelia Sithole Organizations: Ryanair, Europe's, European Union, Ryanair DAC, Alitalia, TRA Consulting, European Commission, Airlines for, ITA, Lufthansa, Cortina d'Ampezzo, Thomson Locations: Italy, ROME, France, Marseille, Bordeaux, Sicily, Sardinia, Netherlands, Belgium, Europe, Western Europe, Poland, Rome, Catania, Airlines for Europe, Bergamo, Milan, Malpensa, Brescia, London
1 pick in the AP Top 25 preseason men's basketball poll released Monday, earning 46 of 63 first-place votes to easily outdistance No. 2 in Jon Scheyer's second season, and Purdue got three first-place nods as they try to avenge a stunning end to last season. Defending national champion UConn was sixth with two first-place votes after losing standouts Adam Sanogo and Jordan Hawkins. Also on the outside were Xavier and Kansas State, both of whom were in the top 15 entering last year's NCAA Tournament. 2 Duke will play fourth-ranked Michigan State and top-ranked Kansas will face No.
Persons: Bill Self, Duke, It's, , Kevin McCullar Jr, DaJuan Harris Jr, KJ Adams, Elmarko Jackson, Hunter Dickinson, Kevin, ” Duke, Jon Scheyer's, Zach Edey, Fairleigh Dickinson, , Matt Painter, Shaka Smart, Tyler Kolek, standouts Adam Sanogo, Jordan Hawkins, Dusty May, ” Gonzaga, Saint Organizations: Jayhawks, Purdue, Kansas, Texas, Big, NCAA, Boilermakers, Fairleigh, ” Purdue, Michigan State, Golden Eagles, Warriors, UConn, Huskies, Houston, Owls, Conference USA, American Athletic Conference, Kentucky, San Diego State, Baylor, CONFERENCE, SEC, Big East, Creighton, The ACC, UCLA, Bruins, Kansas State, AP Locations: Kansas, Lawrence, Arkansas, McCullar, Michigan, Caribbean, Marquette, Creighton , Tennessee, Florida, Arizona, Miami , Arkansas, Texas, North Carolina, Southern California, Villanova, Saint Mary's , Alabama, Illinois, Tennessee, Wisconsin, Colorado, Xavier, Chicago, Kentucky
Jim Cramer: August and September served as a correction for some of the summer's excesses'Mad Money' host Jim Cramer takes a look at where the markets are compared to a year ago.
Persons: Jim Cramer
Biles grateful for support during 'mental health journey'
  + stars: | 2023-10-12 | by ( ) www.reuters.com   time to read: +2 min
Her withdrawal to focus on her mental health was one of the biggest stories of those Games. At the Artistic Gymnastics World Championships that finished on Sunday in Belgium, she won five medals - four golds and a silver. "I would like to extend my heartfelt gratitude to fans, friends, family & partnerships who have been unwavering pillars of support throughout my mental health journey," Biles wrote in a social media post. She added: "World Championships was an absolute dream & I still can't believe it." Biles, 26, is a four-time Olympic and 23-time world championships gold medallist who has looked as dominant as ever since returning to the sport.
Persons: Simone Biles, Yves Herman, Biles, Rory Carroll, Sonali Paul Organizations: Tokyo, U.S, Gymnastics, Olympic, Thomson Locations: Antwerp, Belgium, San Jose, Los Angeles
Afterward, I listened to "Summer Renaissance," Beyoncé's reworking of one of my favorite songs, Donna Summer's 1977 disco hit "I Feel Love," on repeat. Beyoncé's daughter, Blue Ivy, dances, as her mother sings behind her on the London, U.K. leg of the Renaissance World Tour in May 2023. Virgin Hotels New Orleans, where I stayed, is only a half-mile from the Superdome stadium, and was well-prepared to host the many concertgoers who stayed there. Members of Beyoncé's Renaissance World Tour band perform at jazz club Snug Harbor in New Orleans, led by saxophonist Kat Rodriguez (second from right). Caesars Superdome stadium in New Orleans is illuminated by thousands of lights attached to audience members' wristbands during Beyoncé's Renaissance World Tour.
Persons: Beyoncé, Kevin Mazur, WireImage, Alexander McQueen, Roksanda, Roksanda Ilincic, Annie Macmanus, Donna Summer's, Blue Ivy, Beyoncé I've, I've, Redmond —, Honey Dijon, Laveau Contraire, Kat Rodriguez, Lucy Handley, Crystal Torres, Tayler Green, Danny Laurino, John Coletti, Hurricane Katrina, Willa Jean, diamante Organizations: Tottenham Hotspur, Tottenham Hotspur Stadium, Parkwood, London, Caesar's, British Airways, Southbank, Virgin Hotels, Preservation Hall, Bank, Getty, Garden, Uptown, Plantations, New, New Orleans police, Vue Orleans, Caesars Locations: London —, Instagram, London, U.K, British, Amsterdam, New Orleans , Louisiana, YOLO, New Orleans, Orleans, Virgin Hotels New Orleans, Bey, Preservation Hall , New Orleans, Snug, Faubourg Marigny, U.S, Mississippi, Louisiana, Beyoncé's
However, the fall Prime event might have better prices for home goods. In fact, the best prices happened on days that were not key shopping event days. Regardless, the July Prime event offered a deeper discount to shoppers when compared to last year's October Prime sale and Super Saturday. The product did go on sale during last October's Prime member event and this past July's Prime sale, but the discounts were not as deep. Downloads of Amazon's shopping app have declined steadily during each subsequent Prime member shopping event since Amazon's Prime Days in July 2021, according to data intelligence platform Apptopia, which tracks mobile app usage for brands like Amazon.
Persons: Tom Williams, Nick Handrinos, Julie Ramhold, it's, Ramhold, iRobot's, Keurig, AF101, fryer, The Bissell Organizations: Washington , D.C, Cq, Inc, Getty, Adobe, Amazon Prime, Gallup, Finance, Deloitte, CNBC, Electronics, Deal, CoreSight Research, NBC, Scout, Amazon, Sony, Black, Health, Revlon, Philips, July's Locations: Washington ,, Research's U.S
The sales event, which is much like summer's Amazon Prime Day, is going on now through October 11. You an stock up on Halloween candy with an excellent deal on SweeTarts assortment of flavors, including Lemonhead and Now and Later. For the latest and best Prime Day deals in all departments, visit our liveblog. The best Halloween costume dealsThe best Halloween decoration dealsThe best Halloween candy dealsHow to decorate for HalloweenWhile the hardcore Halloween decorators have had their homes decked out since Labor Day, there's still plenty of time to spookify your dwelling for trick-or-treaters. This is where Amazon's Prime Day deals are helpful.
Persons: there's, Tim Robinson Organizations: Labor, Netflix
"The Exorcist: Believer" possessed the box office during its opening weekend, but industry experts wonder if it will continue to turn heads in the weeks to come. Still, on a production budget of just $30 million, "The Exorcist: Believer" could prove profitable if it continues to lure moviegoers in the coming weeks. "The Exorcist: Believer" fled from its original release date (Oct. 13) because Swift announced her Eras Tour concert film would arrive in cinemas that day. The film quickly snared the coveted, higher priced, premium format screens, leaving little room for "The Exorcist: Believer" to eke out a solid opening. The potential same-day opening was almost immediately shut down when "The Exorcist: Believer" moved its release date up a week.
Persons: There's, Taylor Swift, Swift, Paul Dergarabedian, Comscore ., Oppenheimer, Jason Blum Organizations: Comscore, Universal
CNN —This summer’s record-breaking marine heat wave may have been the “nail in the coffin” for an iconic species of coral that serves as a building block of marine life around Florida. They were also the first coral species to gain protected status under the Endangered Species Act, Jennifer Moore, a threatened coral expert for NOAA told CNN. Staghorn coral may have faired slightly better than elkhorn this summer, Williamson said, but still faces similar long term challenges. Scientists fear this summer's ocean heat was the "nail in the coffin" for elkhorn and staghorn species. “We are definitely looking at a major mortality event, we just won’t know the extent of it for a couple more months,” Moore told CNN.
Persons: , Liv Williamson, ” Williamson, Jennifer Moore, Moore, Williamson, ” Moore, Liv, , Organizations: CNN, University of Miami, NOAA Locations: Florida, Elkhorn, elkhorn, Caribbean, , Key Largo
The retiring star was honored by club team OL Reign on Friday night in front of a National Women's Soccer League record crowd of 34,130 fans, many of whom wore pink wigs in her honor. Rapinoe had already played her final match with the U.S. national team last month in Chicago, but Friday marked her final regular-season home game for the Reign. The 38-year-old Rapinoe has played in 114 regular-season games for the Reign and scored 49 goals. “And she's really embraced her role with her full authentic self.”Rapinoe is also known for her social justice activism. She led the national team's long fight for equal pay with the men’s national team, which started with an EEOC complaint in 2016.
Persons: Megan Rapinoe, , , Sue Bird, Rapinoe, Lumen, Lauren Barnes, Abby Wambach, Ken Griffey Jr, Magic Johnson, Billie Jean King, isn't, , Ballon, Jessica Berman, ” Berman, Colin Kaepernick Organizations: SEATTLE, Women's Soccer League, Washington, U.S ., Chicago Red Stars, Orlando Pride, FIFA, men’s, U.S, Soccer, NFL Locations: Chicago, Australia, New Zealand, France, Netherlands, U.S
But how big will the ball be when it comes to its success and the impact on Las Vegas tourism? "If they can sell tickets for $100 during the day in Las Vegas, it could be a big success. The Las Vegas Sphere dressed as a jack-o'-lantern. Tickets for The Sphere Experience start at $90 each and go up to $250 for the best seats. For The Sphere Experience, there are three shows on most Mondays, Tuesdays, and Thursdays, with four on Sundays.
Persons: Darren Aronofsky, , Charles Bobrinskoy, Ariel Investments —, John Rogers, Bobrinskoy, Kevin Mazur, Taylor Swift Organizations: Las Vegas, Service, of, Ariel, Anadolu Agency, Getty, Bloomberg, Costco Locations: Las, Las Vegas
As volatility continues to punish the stock market, investors are forced to sit and watch their gains vanish. But there is one way for equity investors to stem the bleeding: dividend stocks. "Our economists are of the view that inflation will continue to slow from elevated levels over the next 12 months," Wilson wrote. "That backdrop is supportive of owning dividend-related factors and defensive dividend payers, in particular." Morgan Stanley26 best dividend stocks for big returnsAs this month's market downturn takes its toll on your portfolio, it may be time to turn to dividend stocks to prop up your profits.
Persons: Morgan Stanley, Mike Wilson, Wilson, outperformance, Morgan Locations: outperformance
Stocks have slipped in September as interest rates, bond yields, and oil prices increase. The Federal Reserve plans to keep interest rates high to stop persistent inflation. Here are 22 stocks that Goldman Sachs believes are well-positioned to benefit from elevated rates. There are several serious threats to US stocks right now, including high interest rates, as well as rising bond yields and oil prices. Each was addressed in a September 22 note from David Kostin, the chief US equity strategist at Goldman Sachs.
Persons: Goldman Sachs, David Keller, David Kostin Organizations: Federal Reserve
Like, what if this doesn't end and this is how it's going to be?”Maxwell blames climate change, and she's not alone. And about 65% say climate change will have or already has had a major impact in their lifetime. About 9 in 10 Democrats say climate change is happening, with nearly all of the remaining Democrats being unsure about whether climate change is happening (5%), rather than outright rejecting it. Republicans are split: 49% say climate change is happening, but 26% say it’s not and an additional 25% are unsure. Overall, 74% of Americans say climate change is happening, largely unchanged from April.
Persons: Kathleen Maxwell, “ It's, , Maxwell, , ” Maxwell, she's, they've, they’ve, Anthony Leiserowitz, Bruce Alvord, doesn't, Alvord, Republican Ronald Livingston, he's, ” Livingston, Jeremiah Bohr, Bohr Organizations: Associated Press, NORC, for Public Affairs Research, Northern, World Meteorological Organization, Yale, Republican, Chrysler, Republicans, University of Wisconsin, Phoenix, AP Locations: Phoenix, United States, U.S, , Hagerstown , Maryland, Clute , Texas, Oshkosh
Whether she was advocating for equal pay and racial justice or just scoring a rare goal off a corner kick, Megan Rapinoe was always unabashedly authentic during her soccer career. Rapinoe sobbed following the U.S. loss to Sweden at this summer's Women's World Cup, knowing it would be her final tournament with the national team. "I’ve just loved every moment of my career,” she said through tears at the World Cup last month in Australia. At the 2019 World Cup in France, Rapinoe scored six goals, including a penalty in the final against the Netherlands. Rapinoe led her team's long fight for equal pay with their men's national team, which started with an EEOC complaint back in 2016.
Persons: Megan Rapinoe, Rapinoe, I’ve, , “ I’ll, Kelley O'Hara, There's, Christine Sinclair, “ I’ve, We’re, she’s, ” Sinclair, She’s, Ballon, Megan, Lynn Williams, Donald Trump’s, “ She’s, Jill Ellis, Colin Kaepernick, , ” Rapinoe Organizations: Portland, Chicago's, Rapinoe, University of Portland, Pilots, Portland Pilots, FIFA, Ballon d'Or, national, U.S, Soccer, House, San Francisco 49ers, Sweden, soccer's Locations: Sweden, Australia, U.S, United States, South Africa, Seattle, Portland, Canada, France, Netherlands, New York City
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