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☆ Wall Street execs make first bets against Donald Trump in 2024
▼ + stars: | 2023-07-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Christie, who is running for president again versus Trump this cycle, also received $6,600 from Jones in the second quarter, according to his campaign finance disclosure. Longtime venture capitalist Joe Lonsdale donated at least $3,300 to DeSantis in the second quarter, according to the filings. DeSantis' campaign finished the second quarter with $20 million raised. Bill Ackman, the CEO of hedge fund Pershing Square Capital, contributed $3,300 during the early stages of the quarter, according to the filings. Ramaswamy's campaign finished the second quarter having raised over $7 million, most of which was self-funded.

Persons: Ron DeSantis, Donald J, Trump, Paul Tudor Jones, DeSantis, Jones, Mitt Romney's, Barack Obama, Jeb Bush's, Chris Christie's, Christie, Forbes, Joe Lonsdale, Lonsdale, Justin Siegel, Goldman Sachs, Goldman, Vivek Ramaswamy, Ramaswamy, Bill Ackman, Ramaswamy —, Robert F, Kennedy Jr, Ackman, Ed Hyman, Glenn Dubin, Eva, Jeffrey Epstein, Dubin, Nikki Haley Organizations: Florida Gov, Governors, Washington Post, Getty, New, New Jersey Gov, Trump, Wall Street, Capital, Pershing, Twitter, Democratic, Evercore ISI, Dubin, Co Locations: Florida, Washington ,, New Jersey

[1/2] A Fox News channel sign is seen on a television vehicle outside the News Corporation building in New York City, in New York, U.S. November 8, 2017. The deal follows Fox's April 18 agreement to pay Dominion $787.5 million to settle the voting-technology company's defamation suit in Delaware. In firing her, Fox said her legal claims were "riddled with false allegations against Fox and our employees." She had also sought unspecified damages in a similar lawsuit in Delaware Superior Court, which she dismissed in May. The program on which Grossberg worked, "Tucker Carlson Tonight," was the top-rated prime-time U.S. cable TV news show.

Persons: Shannon Stapleton, Abby Grossberg, Tanvir Rahman, Tucker Carlson, Dominion, Grossberg, Carlson, “, ” Grossberg, Fox, ” Dominion, Gretchen Whitmer, Tudor Dixon, octogenarian, Nancy Pelosi, Maria Bartiromo, Kevin McCarthy, Helen Coster, Doina Chiacu, Leslie Adler Organizations: Fox, News Corporation, REUTERS, Fox Corp, Fox News, Voting, Dominion, Delaware Superior Court, Democratic, Republican, U.S ., Thomson Locations: New York City, New York, U.S, Delaware, Manhattan, Delaware Superior, Grossberg's Manhattan

☆ A home Henry VIII gave Anne of Cleves as part of their annulment settlement recently went on sale. Take a look inside the $2.86 million house.
▼ + stars: | 2023-06-27 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Wings Place, formerly known as Ditchling Garden Manor, was recently sold. It was once given to Anne of Cleves as part of her annulment settlement from Henry VIII. Wings Place, formerly called Ditchling Garden Manor, first appears in records from 1095 and was given to Anne of Cleves by Henry VIII as part of their annulment settlement in 1540. It recently hit the market for £2.25 million, or $2.86 million. Keep reading to learn more about the history of Wings Place and to see inside this one-of-a-kind home.

Persons: Anne of Cleves, Henry VIII, —, Toby Whittome, it's Organizations: Service, Wings Locations: Sussex, East Sussex, England

☆ Diversity takes center stage at the new National Portrait Gallery in London
▼ + stars: | 2023-06-22 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +7 min

London CNN —When The National Portrait Gallery opened its doors to the public in London on Thursday, it was the first time in three years it has done so. The National Portrait Gallery was officially opened by Catherine, Princess of Wales, seen standing in front of Joshua Reynolds’ Portrait of Mai (Omai). Why would the National Portrait Gallery commit to taking this work they wouldn’t see until it’s finished, 90% of which is created by non-artists? What did she do?” Haworth told the National Portrait Gallery about the figure. Some art critics have been scathing of the gallery’s rework, with Jonathan Jones at the Guardian dubbing it “the same old cocktail party.” His review begins: “The National Portrait Gallery has been closed for three years.

Persons: Princess Catherine of Wales, ”, Jamie Fobert, Purcell, The Mary Weston, David Parry, Tracey Emin, Sam Taylor Johnson’s, David Beckham, Zadie Smith, Toyin Ojih Odutola, Sir Michael Eavis, Peter Blake, Ada Lovelace, Margaret Sarah Carpenter, Catherine , Princess of, Joshua Reynolds ’, Mai, Paul Grover, Jann Haworth, Liberty Blake, Boudicca, Elizabeth I, Mary Beard, Beatrix Potter, Agatha Christie, Nicola Adams, Pepper’s, Haworth, ” Blake, “, ” Jann Haworth, Toby Hancock, Blake, “ It’s, ’ It’s, it’s, ” Haworth, Oliver Hess, Jonathan Jones, Nicholas Cullinan, You’ll Organizations: London CNN, Jamie Fobert Architects, Getty, Chanel Culture Fund, Olympic, Beatles, Art, CNN, Guardian Locations: London, United Kingdom, Britain, The, Nigerian American, Glastonbury, British, Catherine , Princess of Wales, AFP, Salt Lake City

☆ Three Teams Drop Out of Tour de Suisse After Cyclist’s Death
▼ + stars: | 2023-06-17 | by ( Andrew Das | ) www.nytimes.com time to read: +1 min

Organizers of the Tour de Suisse cycling race said they would resume the multistage competition on Saturday, one day after a rider died from the injuries that he sustained in a crash during a high-speed mountain descent. The rider, Gino Mäder, was a member of the Bahrain-Victorious team, which announced on Saturday morning that it was withdrawing from the race. Two other teams, Tudor Pro and Intermarché-Circus-Wanty, also said they had decided to leave the race. The Bahrain-Victorious team’s riders, as well as the rest of the competitors, were informed of Mäder’s death on Friday morning — a day after he went off the course and tumbled down a steep ravine. The riders participated in a shortened memorial ride on Friday that replaced the day’s stage, which was called off.

Persons: Gino Mäder Organizations: Tour de Suisse, Tudor, Tour de France Locations: Bahrain

☆ Gas-Powered Leaf Blowers Are Getting Banned in Parts of the US
▼ + stars: | 2023-06-08 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

Outsized pollution and noise from devices like gas-powered leaf blowers are driving the efforts. The gas-to-electric transition at the neoclassical landmark, which has stood for more than two centuries in Georgetown, came ahead of a ban on the use of gas-powered leaf blowers that went into effect in the nation's capital last year. California next year will ban the sale of new gas-powered leaf blowers and lawn mowers, among other equipment, though the state will still allow existing devices to be used. That's in part because about 30% of the oil-and-gas mix that powers so-called two-stroke engines, which often run tools like leaf blowers and string trimmers, isn't burned. Whalley was already a proponent of ditching the gas-powered tools because she'd done so at her own home.

Persons: —, It's, Martha Washington, Allyson Whalley, isn't, Kalen Roach, Roach, Whalley Organizations: Service, California Air Resources Board, DC Sustainable Energy, Companies Locations: Washington , DC, Tudor, Georgetown, . California, Washington

☆ Everyone is getting less productive, and that's a big problem for the economy
▼ + stars: | 2023-06-06 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +5 min

Even though the economy feels largely fine right now, such a decline has been a leading indicator of past recessions. Labor productivity has fallen for five straight quarters on a year-over-year basis, the longest such streak on record. Productivity is important to the economy because it's the primary input for a population's standard of living. As Insider reported in March, major retailers like Walmart, Target, and Kroger are locked in a labor-hoarding war over hourly employees that's pushed pay higher. In the meantime, the decline in productivity is setting off alarm bells for the economy.

Persons: —, Taylor Swift, they're, Larry Summers, Summers, Mark Zuckerberg, Marc Benioff, OpenAI's, there's, It's, Paul Tudor Jones, Ed Yardeni, Goldman Sachs Organizations: Service, Airlines, Bureau of Labor Statistics, Labor, Washington Post, Walmart, Target, Kroger, Stanford, MIT, Fortune, Brookings Institute

☆ We just got 2 alarming signals that an economic slowdown is upon us
▼ + stars: | 2023-06-02 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +4 min

Dollar General cut its profit estimate for 2023 on Thursday. The first of two jarring pieces of evidence comes in the form of first-quarter earnings from Dollar General. The fact that they're not immune to a broader pullback in consumer spending is a big red flag for the US economy. Speaking of which, a bit further up the affluence scale, Macy's turned in an earnings stinker of its own. The department-store giant offered disappointing second-quarter projections and — like Dollar General — slashed full-year projections.

Persons: It's, Macy's, —, Jeffery Owen, Kelly Dilts, it's, Jeff Gennette, Paul Tudor Jones, Larry Summers —, Target Organizations: Service, Dollar, Federal Reserve, Walmart, Target Locations: Wall, American

☆ Manhattanhenge is coming to New York City tonight. Here's where to see it best.
▼ + stars: | 2023-05-29 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Manhattanhenge is happening in New York City on Monday. It's the phenomenon where the setting sun perfectly aligns with the city's street grid. The astrophysicist Neil deGrasse Tyson coined the term. The term Manhattanhenge was coined by the popular astrophysicist Neil deGrasse Tyson, a native New Yorker. The Tudor City Overpass in Manhattan and Hunter's Point South Park in Queens are two more scenic spots, he says.

☆ I was scrolling Trulia on the couch with wine, and it turned into a 1,000-mile move to a place I'd never lived. I'm thrilled.
▼ + stars: | 2023-05-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Texas resident Vanessa Chaverri-Gratz was casually perusing real estate with her husband on a date. We didn't plan to move right away, we said, "Let's just look at real estate, because that's really fun." The house is located in Grosse Ile, Michigan, an island between Michigan and Canada. We were not going to offer over asking, and we weren't going to put ourselves in a bad situation with selling our home. We agreed that unless everything literally fell into perfect place, it wasn't going to happen — and a lot of things needed to fall into place.

☆ Why ChatGPT could spark a new bull market
▼ + stars: | 2023-05-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Phil Rosen here, still poking around OpenAI's new ChatGPT iPhone app. The rise of ChatGPT and subsequent AI boom could solidify the recent strength in stocks as a new bull market, according to market veteran Ed Yardeni. In a recent note, the strategist said equities' strong start to the year isn't just a bear market rally, but that it indeed marks a new bull regime. If the Fed mistakenly pauses and then resumes hiking as inflation persists, the music could stop for high flying AI stocks. Mega-cap tech stocks are "overbought" and their rally could stall out soon.

☆ 'Firebrand' puts spotlight on Henry VIII's sixth and final wife
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +2 min

[1/5] The 76th Cannes Film Festival - Screening of the film "Firebrand" (Le jeu de la reine) in competition - Red Carpet Arrivals - Cannes, France, May 21, 2023. Cast member Jude Law poses. REUTERS/Sarah... Read moreCANNES, May 21 (Reuters) - For Brazilian director Karim Ainouz the prospect of making a film about King Henry VIII's court was particularly exciting, partly because it focuses on Catherine Parr, the wife who survived Henry. "Firebrand," which is competition for the Palme d'Or, stars Alicia Vikander as Catherine, Henry's sixth and last wife as she navigates Tudor court politics towards the end of his life. "The pain he was suffering was excruciating," said Jude Law, who plays the king.

☆ The biggest home buyers in America are now selling more property than they're buying
▼ + stars: | 2023-05-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Commercial property headwinds aside, today we're looking at the residential housing market, which is undergoing its own shifts, but not exactly in the same direction. Tell someone that the housing market is so unfavorable right now that the biggest home buyers in the country are actually net sellers now. American Homes 4 Rent, for example, bought 312 single-family homes and sold 666 to start the year. Similarly, Invitation Homes, the largest owner of single-family rentals in the US, bought 194 homes and sold 297 in the first quarter of 2o23. Naturally, the housing market has slowed down for everyday Americans, too, given the steep mortgage rates and lack of affordability.

☆ Big-name investors are going all-in on AI
▼ + stars: | 2023-05-18 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Some of the best-known names in investing are betting big on artificial intelligence stocks. Bill Ackman recently revealed a $1 billion bet on Google parent Alphabet, while Stanley Druckenmiller pumped a combined $430 million into Microsoft and Nvidia. Tiger Global founder Chase Coleman, billionaire trader Paul Tudor Jones, and Ark Invest CIO Cathie Wood are all bullish on AI. Billionaire investors including Bill Ackman, Stanley Druckenmiller and David Tepper are betting big on firms at the forefront of the AI race - such as Microsoft, Alphabet and chipmaker Nvidia. Here's how seven top players are responding to the AI trend:

☆ AI could boost S&P 500 profits by 30% or more over the next decade, Goldman Sachs' strategist says
▼ + stars: | 2023-05-18 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

AI technology could boost S&P 500 profits by 30% or more over the next decade, a Goldman strategist said. "The real source of optimism now is productivity enhancements through artificial intelligence," Ben Snider said. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyArtificial intelligence technology could boost S&P 500 profits to new highs over the next decade, according to a senior strategist at Goldman Sachs. And that could increase S&P 500 profits by 30% or more over the next decade," the Wall Street bank's Ben Snider told CNBC on Thursday. "A lot of the favorable factors that led to that expansion (of S&P 500) earnings seem to be reversing," Snider said.

☆ Tether buys $222 million worth of bitcoin to back its USDT stablecoin
▼ + stars: | 2023-05-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Cryptocurrency giant Tether on Wednesday said that it's going to purchase hundreds of millions of dollars' worth of bitcoin to back the world's largest stablecoin. The company said it would invest 15% of its net profit into bitcoin to "diversify" the reserves that back its USDT token, which aims to stick to a 1-to-1 peg to the U.S. dollar. That would amount to roughly $222 million, based on the company's last attestation report, which provides a breakdown of the assets that make up its USDT reserves. Tether began revealing it was making gains from its USDT operation in February, declaring a net profit of $1.48 billion in March and taking its total excess USDT reserves to $2.44 billion. USDT is the largest stablecoin in the market, with a circulating supply of more than $82.8 billion, according to CoinGecko data.

☆ U.S. refiners build new oil processing as travel rises
▼ + stars: | 2023-05-16 | by ( Erwin Seba | ) www.reuters.com time to read: +3 min

HOUSTON, May 16 (Reuters) - U.S. oil refiners aim to run at up to 94% of a total 17.9 million barrels per day processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand. This quarter is traditionally one of the year's hottest for demand as companies build gasoline and jet fuel output for the summer vacation season. He estimates refiners overall will run at 94% utilization rate this quarter, matching the 2017-19 average for the period. High prices will keep U.S. refinery utilization rates at levels near last year's about 91.7% this year and next, the U.S. Energy Information Administration forecast in January. Refiners will add the capacity to process an additional 328,000 bpd in this quarter, increasing gasoline and diesel supplies this summer.

☆ Thomas feels no pressure in wearing leader's pink jersey
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

[1/3] Cycling - Giro d'Italia - Stage 9 - Savignano sul Rubicone to Cesena Tudor ITT - Italy - May 14, 2023 INEOS Grenadiers' Geraint Thomas during the individual time trial REUTERS/Jennifer LorenziniMay 16 (Reuters) - Geraint Thomas said he is relishing the opportunity to win the Giro d'Italia and feels no pressure after inheriting the leader's maglia rosa jersey following Remco Evenepoel's withdrawal. Thomas has enjoyed little luck at the Giro but the 36-year-old said he is keen to improve his results. Three years earlier his race came to an end after he damaged his shoulder in a pile-up involving a police motorbike. "It would be amazing to win, especially after 2020 when I thought that was it for my chance to win the Giro," Thomas, who won the 2018 Tour de France, said. "I don't feel much pressure or expectation, but I'd love to take this opportunity.

☆ The AI boom shakes up stocks, disrupts tech, and could be on the brink of its 'iPhone' moment
▼ + stars: | 2023-05-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Over the last several months, I've turned to ChatGPT for research, book summaries, and even pasta recipes. It was only in March that Bank of America strategists declared that AI was on the brink of its "iPhone moment," and that it was about to change the world forever. In the stretches he's referring to, stocks appreciated 15% on average, and inflation's also declined, something that would be welcome news for the Fed right now. The giant's quarterly iPhone sales slowed last quarter, and shareholders may have to brace for another snag. Apple's "base business is stagnating and its high-margin apps platform could be disintermediated by ChatGPT plugins," Wood said.

☆ Paul Tudor Jones says A.I. will spark the next 'productivity boom'
▼ + stars: | 2023-05-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The adoption of artificial intelligence and large language models could usher in a rare period of immense productivity, according to billionaire hedge-fund manager Paul Tudor Jones. Jones expects more division in this next market period, expecting big winners and big losers ahead. He sees the booming AI industry that's grown in popularity following ChatGPT's debut and contributed to a hefty chunk of this year's market gains as one of those major opportunity areas. If history is any guide, this AI-driven productivity cycle could foster solid gains for the market. Previous cycles cultivated productivity gains between 1% and 3%, PE expansions, stock market appreciation of 15% per year, and easing inflation, he noted.

☆ Paul Tudor Jones says the Fed is done raising rates, stocks to finish the year higher from here
▼ + stars: | 2023-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire hedge fund manager Paul Tudor Jones believes the Federal Reserve has finished raising interest rates in its fight against inflation, and the stock market could grind higher this year. "I definitely think they are done," Jones said on CNBC's "Squawk Box" of the Fed's rate-hiking campaign. The central bank has hiked interest rates 10 times since March 2022, taking the fed funds rate to a target range of 5%-5.25%, the highest since August 2007. Jones shot to fame after he predicted and profited from the 1987 stock market crash. "We have no IPOs, no calendar, no secondaries, valuations are at 19 but nobody's rushing to offer so clearly, something is going on internally in the stock market," Jones said.

☆ Watch CNBC's full interview with legendary trader Paul Tudor Jones on markets and economy
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with legendary trader Paul Tudor Jones on markets and economyLegendary trader Paul Tudor Jones joins 'Squawk Box' to discuss his thoughts on the economy, the Fed, markets, and more.

☆ Legendary trader Paul Tudor Jones: 'Really good chance' we'll be on the verge of recession in Q3
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLegendary trader Paul Tudor Jones: 'Really good chance' we'll be on the verge of recession in Q3Legendary trader Paul Tudor Jones joins 'Squawk Box' to discuss the U.S. economic and market outlook, recession fears, and shares his thoughts on bitcoin.

☆ Paul Tudor Jones says he's always going to keep a small amount of bitcoin in his portfolio
▼ + stars: | 2023-05-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Legendary hedge fund manager Paul Tudor Jones said he's still hanging on to his bitcoin and always will. "So I'm sticking with it, and I'm going to always stick with it as a small diversification in my portfolio." Bitcoin has a fixed supply cap of 21 million coins, as designed and mandated by the Bitcoin code. "They've done so well recently because of the fact that we have had these great risk premiums," Jones said about bitcoin and gold. Jones has also previously said on CNBC that buying bitcoin is like investing in an early tech company .

The Coronation Vestments, comprising of the Supertunica and the Imperial Mantle, which will be worn by Britain's King Charles III during his coronation, displayed in the Throne Room at Buckingham Palace, London, on April 26. Victoria Jones-Pool/Getty ImagesBuckingham Palace has revealed some of the historical items King Charles III will don for his coronation ceremony on Saturday, including items previously worn by his mother and grandfather for their own crowning moments. Both items are normally on display in the Tower of London and were last worn by Charles' mother at her coronation. The whole look: The Supertunica was made in 1911 for the coronation of King George V and was later worn by King George VI for his 1937 coronation. When it comes to accessories, King Charles will also have a "Coronation Gauntlet" – effectively a fancy white leather glove, embroidered with national emblems including the Tudor rose, thistle, shamrock, oak leaves and acorns.

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