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Even with alpha strikeout, Steve Cohen scores
  + stars: | 2023-07-31 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, July 31 (Reuters Breakingviews) - Hedge fund mastermind Steve Cohen is best known for his savvy trades, but it doesn’t take an investing whizz to make money in baseball. His New York Mets are one of the worst teams in the league despite a record-setting $364 million payroll. Cohen bought full ownership of the club in 2020 for $2.4 billion and spent lavishly on the roster. Even so, the Mets are already worth $500 million more than Cohen paid, according to Forbes, a nice uplift for substandard performance. Dan Snyder just sold his woeful Washington Commanders for $6 billion; Snyder paid $800 million for the team and its stadium in 1999.
Persons: Steve Cohen, Cohen, Max Scherzer, Dan Snyder, Snyder, Michael Jordan, Jennifer Saba, , Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, New York Mets, Mets, Forbes, SAC Capital Advisors, Charlotte Hornets, Twitter, Sequoia, Walmart, BT boss’s, Thomson
AudioStories AreRedefiningPleasure forWomen Apps like Dipsea and Quinn have become popular destinations, particularly for some women who find them safe spaces to explore their sexuality. On average, subscribers for Dipsea are women between 18 and 34, the company said, while Quinn’s are women ages 18 to 24. I s w a l l o w e d a s m a l l m o a n . ” “ H m , c o m e h e r e t h e n . ” “ G e t i t o u t o f o u r s y s t e m s .
Persons: Quinn, Liz, Sevyn, Dipsea, Bloom, , Caroline Spiegel, Evan, , ” Ms, Spiegel, Hannah Albertshauser, Michael, Albertshauser, you’re, Mal Harrison, Dominnique Karetsos, Karetsos, Dame, Gina Gutierrez, Faye Keegan, ” ‘ It’s, Liv Trexler, it’s, Trexler, “ It’s, ” Angela Sarakan, ” Olivia Taylor, that’s, , Ms, Taylor, Aisha Jordan, Jordan, Nicole Prause, Prause, Lone Wolf, Shannon Lin Organizations: Facebook, Center for Erotic Intelligence, Healthy, Group, Getty Images Locations: California, Germany, Brooklyn
How A.I. took center stage in the Hollywood writers' strike
  + stars: | 2023-07-05 | by ( Kate Sammer | ) www.cnbc.com   time to read: +2 min
The implementation of generative AI could mean sweeping changes for the entertainment industry. Advocates for AI technology see it as a tool that will uplift content creators and break down the barriers to entry. "And you don't have to have any sort of skills as a visual effects artist or as someone in the entertainment industry." Since the last writers' strike in 2007, widespread consumer adoption of video streaming has exemplified how novel technologies can upheave the entertainment industry. Discovery , losing billions and billions and billions of dollars a year."
Persons: Justine Bateman, Caleb Ward, Dan Rayburn, , Rayburn Organizations: Guild of America, Netflix, — Disney, Warner Bros, Discovery, Writers Guild of America, Hollywood
Putin, a former lieutenant colonel of the KGB and ex-head of the FSB, has been suspected of assassinating critics. Here's a list of people who have been critical of Putin and the Russian president is suspected of assassinating:Top editors give you the stories you want — delivered right to your inbox each weekday. Stanislav Markelov and Anastasia BaburovaHuman-rights lawyer Stanislav Markelov represented Politkovskaya and other journalists who had been critical of Putin. Mark Wilson/Getty ImagesAnna Politkovskaya was a Russian journalist who was critical of Putin. He was killed in 2004 in a drive-by shooting in an apparent contract killing, according to the Committee to Protect Journalists.
Persons: Putin, Here's, , Pavel Antov, Vyacheslav Kartukhin, Vladimir Putin, Ravil, MIKHAIL KLIMENTYEV, Ravil Maganov, Lukoil, Dan Rapoport, Mikhail Lesin, Lesin, Boris Nemtsov, Alex Wong, Boris Nemtsov Boris Nemtsov, Boris Yeltsin, Putin —, Boris Berezovsky Boris Berezovsky, Berezovsky, Natalia Estemirova Natalia Estemirova, Stanislav Markelov, Anastasia Baburova, Alexander Litvinenko Alexander Litvinenko, Alexander Litvinenko, Litvinenko, Andrei Lugovoi, Dmitry Kovtun, Mr Patrushev, Anna Politkovskaya, Mark Wilson, Paul Klebnikov Paul Klebnikov, Sergei Yushenkov Sergei Yushenkov Organizations: Service, BBC, Regional, United Russia, of Oil Company, Kremlin, SPUTNIK, Getty Images, CNBC, Daily, Police, Russia, FBI, Berkshire, British, Politkovskaya, Russian Embassy, Forbes, Protect Journalists, Liberal, Justice Ministry Locations: Russian, Rayagada, India, Ukraine, Moscow, Russia, Washington ,, Florida, Washington, DC, Sochi, Britain, Chechnya, Politkovskaya, London, Liberal Russia
Bobby Osborne, the singer and mandolin player who with his younger brother, Sonny, led one of the most groundbreaking bands in the history of bluegrass, died on Tuesday at a hospital in Gallatin, Tenn., a suburb of Nashville. His death was confirmed by Dan Rogers, the vice president and executive producer of the Grand Ole Opry. Formed in 1953, the Osborne Brothers band habitually flouted bluegrass convention during its first two decades. They were the first bluegrass group of national renown to incorporate drums, electric bass, pedal steel guitar and even, on records, string sections. They were also the first to record with twin banjos, as well as the first to amplify their instruments with electric pickups.
Persons: Bobby Osborne, Sonny, Dan Rogers, Osborne, Ernest Tubb, Randy Newman, Everly Organizations: Grand Ole Opry Locations: Gallatin, Tenn, Nashville
Traditional travel insurance won’t swoop in with paramedics, even though it typically covers the cost of an emergency. Dan Richards, the chief executive of Global Rescue, told DealBook that he wanted to fill that gap when he founded the emergency travel management company in 2004. Travel insurance is going to space. The space travel insurance market is still small, but Lloyd’s of London, which insures space businesses, began underwriting space travel insurance in 2021, and last year the Japan Aerospace Exploration Agency and Mitsui Sumitomo Insurance said they would jointly develop space insurance offerings. The cost of search and rescue typically falls on state and local agencies, Ms. Hastings said.
Persons: Dan Richards, DealBook, , SkyMed, Hastings, that’s, Ms, , Mr, Richards, — Ephrat Livni Organizations: Global, AirMed, Virgin Galactic, UBS, Japan Aerospace Exploration Agency, Mitsui Sumitomo Insurance, Coast Guard, Global Rescue Locations: London, Japan, Hawaii, Utah, United States
Experts including David Rosenberg and analysts from Wall Street banks including Bank of America have compared the AI stock boom to the dot-com bubble that burst in 2000. Here's a selection of the most recent expert views on this year's AI stock boom. But not everyone thinks the AI stock boom has run too far. Michael Hartnett, Bank of AmericaMichael Hartnett, BofA Global Research's CIO, said AI is in a "baby bubble" for now and noted that "AI = internet." Jeremy Siegel, Wharton finance professorThe retired Wharton finance professor doesn't see the AI hype as a bubble, either.
Persons: David Rosenberg, Wharton's Jeremy Siegel, Dan Ives, , Wharton, Jeremy Siegel, Dan Raju, Michael Hartnett, Bank of America Michael Hartnett, BofA, James Penny, TAM Asset Management James Penny, I'd, Art Cashin, Cashin, Rosenberg, doesn't Organizations: Bank of America, Wedbush Securities, Service, Wall, UBS, TAM Asset Management, Nvidia, Microsoft, BofA Global, firm's, Bloomberg, Art, CNBC Locations: Wall
Yet not everyone has given the host glowing reviews, including the major’s reigning champion Matt Fitzpatrick. And following Saturday’s third round, Fitzpatrick – whose hopes of becoming the first player to defend the US Open title since Brooks Koepka look slim – again spoke about the quality of the course and the atmosphere. Fitzpatrick added: “I’ve seen Brooks’ comments and I tend to agree with what he feels like that about this golf course. Yet firmer greens and fairways brought fresh criticisms of the course, and atmosphere, from Fitzpatrick on Saturday. “Very poor … It’s disappointing on the USGA side,” said Fitzpatrick of the atmosphere, according to Barstool Sports journalist Dan Rapaport.
Persons: Matt Fitzpatrick, England’s Fitzpatrick, , Fitzpatrick –, Brooks, I’d, Koepka, Fitzpatrick, “ I’m, ” Koepka, I’ve, Brooks ’, you’ve, , ” Fitzpatrick, Matt York, Padraig Harrington, ” Harrington, ” Brooks, Scottie Scheffler, ” Scheffler, Rickie Fowler, Xander Schauffele, Dan Rapaport, Collin Morikawa, Tom Kim, ” Kim, can’t Organizations: CNN, Los Angeles Country Club, Sky Sports, ESPN, United States Golf Association, USGA, Barstool Sports, Los Locations: American, LA, Los Angeles, Korean
Charlotte Hornets owner Michael Jordan responds to a question during a news conference at Spectrum Center in Charlotte, North Carolina, Oct. 28, 2014. Basketball legend Michael Jordan has agreed to sell his majority stake in the National Basketball Association's Charlotte Hornets to wealthy investors Gabe Plotkin and Rick Schnall, a representative for Jordan confirmed Friday. Jordan took a majority stake in the Hornets in 2010 for $275 million. Under the ownership of the six-time NBA champion Jordan, the Hornets have struggled, only making the playoffs two times. Plotkin acquired a minority stake in the Hornets in 2019 and has served as an alternate governor on the NBA Board of Governors.
Persons: Charlotte, Michael Jordan, Basketball Association's Charlotte, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Schnall, Clayton, Dan Sundheim, J, Cole, Eric Church Organizations: Charlotte Hornets, Spectrum Center, Basketball Association's, Basketball Association's Charlotte Hornets, Hornets, NBA, of Governors, Tallwoods, NBA's Atlanta Hawks, Hawks, D1, North Carolina, Hornets Sports & Entertainment, G League, Greensboro Swarm, Spectrum, Forbes Locations: Charlotte , North Carolina, Dubilier
LONDON, June 9 (Reuters) - Boris Johnson awarded his political aides and allies with some of Britain's highest honours to mark his resignation as prime minister, including some who attended parties in government buildings during COVID-19 lockdowns. Martin Reynolds, a senior civil servant and Johnson's former principal private secretary, was given an Order of the Bath award for public service. Labour Party deputy leader Angela Rayner called Johnson's honours list a "sickening insult". A Conservative member of parliament, who asked not to be named, said the list was "deeply embarrassing" and showed Johnson's lack of remorse. The former prime minister also approved honours for Conservative party politicians who have recently been caught in other scandals.
Persons: Boris Johnson, Martin Reynolds, Reynolds, Johnson, Dan Rosenfield, Jack Doyle, Angela Rayner, Ben Houchen, Conor Burns, Jacob Rees, Mogg, Simon Clarke, Priti Patel, Theresa May, David Cameron, Andrew MacAskill, Michael Holden, Mark Potter, Paul Simao Organizations: Bath, Labour Party, Conservative, Thomson Locations: COVID, Britain, British, Downing, lockdowns, Tees Valley
[1/2] Actor Robert De Niro attends the screening of a 4K version of the film "Heat" during 2022 Tribeca Festival at United Palace Theater in New York, U.S., June 17, 2022. REUTERS/Eduardo Munoz/File PhotoNEW YORK, June 5 (Reuters) - With an emphasis on diversity in content and storytellers, New York's Tribeca Film Festival kicks off on Wednesday, with highlights including documentaries about actor Rock Hudson and news anchor Dan Rather. Tribeca Film Festival was co-founded in 2001 by American actor Robert De Niro to help revitalize lower Manhattan following the September 11 attacks on the World Trade Center. "One of the things about Tribeca is we have such a diverse offering of stories and filmmakers," co-creator Jane Rosenthal told Reuters ahead of the festival launch. "I think a lot of that has always stemmed from Bob (De Niro), always looking for those interesting, interesting untold stories."
Persons: Robert De Niro, Eduardo Munoz, Rock Hudson, Dan Rather, Jane Rosenthal, De Niro, Rosenthal, Bucky Dent, David Duchovny, Dan Fastenberg, Rosalba O'Brien, Diane Craft Organizations: United Palace, REUTERS, Tribeca, World Trade, New York, Thomson Locations: New York, U.S, American, Manhattan, Tribeca, Hudson, New
Throughout his career, former President Barack Obama has had the chance to meet — and work with — some of the world's most successful people, from tech billionaires to Nobel Prize laureates. But if you are passionate about your job, and have a genuine interest in the work that you do, you'll set yourself up to have "an extraordinary career," Obama said. "You can't let your failures define you — you have to let your failures teach you," he said. No one's born being good at all things … you become good at things through hard work." Check out:'Focus on unsexy problems': 3 millennial freelancers on how to build a successful careerThis author spent 3 years interviewing over 100 workers—here's the No.
Persons: Barack Obama, Dan Roth, Obama, Bill Gates, who've, Michael Jordan, , Simon Cowell
Images of children wearing clothing with pentagrams and skulls were created with artificial intelligence (AI) and do not show a real Target collection, as claimed on social media. Some posts referred to conservative backlash to the retailers’ Pride Month collection in May. The images of children in satanic-themed clothing newly circulating, however, are not real photographs. The images were posted on AI imagery groups on Facebook on May 26 (here) (here ). These images do not depict a real Target collection, they were created with artificial intelligence.
Persons: Dan Reese, , Read Organizations: Target, Facebook, Reuters
That was the promise of a digital library of movies and TV shows. "Warner Bros. That's why NBCUniversal had to pay itself $500 million to stream Universal TV's "The Office" on Peacock and Warner Bros. Rafael Henrique | Lightrocket | Getty ImagesBy removing the content specifically made for streaming rather than licensed shows and movies, Warner Bros. Warner Bros.
Meanwhile, limits on applicable copyright rules make it simpler to train AI tools. Nevertheless, accuracy issues with AI tools, Redburn said, could boost the use case for Pearson. Copyright issues are another major obstacle for music companies. Some potential copyright violations include replicating an artist's likeness or voice, and that could weaken the catalog value for many music companies, analysts said. Similarly, Deutsche Bank analyst Matthew Niknam highlighted in a recent note AI presents more opportunities than risks and offers "underappreciated upside tailwinds" for Five9.
Persons: GOOGL, Goldman Sachs, Dan Rosensweig, Chegg, Brad Erickson, Hayden Brown, Brown, BTIG, Chegg's, Pearson, Redburn, Morgan Stanley, Brent Thill, Thill, Douglas Mitchelson, Rosenblatt, Barton Crockett, Morgan Stanley's Omar Sheikh, Ygal, Nat Schindler, Wix, Jefferies, Oppenheimer, Timothy Horan, Matthew Niknam, Meta Marshall, Marshall, Michael Bloom Organizations: Wall Street, Microsoft, Nvidia, Goldman, Chegg, Companies, Freelance, Upwork, RBC Capital, Pearson, Bank of America, UBS, Jefferies, Industry Music, Spotify, Credit, Warner, Warner Music Group, Universal Music Group, Citi, NICE, Deutsche Bank Locations: Nice
Opinion | The Flaws of Perfection
  + stars: | 2023-05-19 | by ( Warren Zanes | ) www.nytimes.com   time to read: +3 min
Mr. Springsteen’s prior release, “The River,” was his first No. “Nebraska” was dirty, kind of mumbled in sections, its hushed tones punctuated by a few screams; it told scary stories. Warren Zanes is the author of “Deliver Me From Nowhere: The Making of Bruce Springsteen’s ‘Nebraska’” and “Petty: The Biography.” A former member of the Del Fuegos, he teaches at N.Y.U. and continues to write and record music, sometimes with the poet Paul Muldoon’s Rogue Oliphant band, sometimes on his own. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.
The European Union offered Kyiv candidate status last year and made improving governance and fighting corruption key requirements for membership negotiations. He was killed fighting near Izium in the east of the county last June aged 24. "Misha was definitely another type of activist, who was ready to act in many different ways," said professor Yuliya Bidenko, who taught Alekseyenko political science. The mass flight of millions of refugees after Russia's invasion has also dealt a blow to Ukraine's potential political class, Bidenko added. "People like this are just extremely necessary for us after the war," Davydenko said of Tsakhniv.
A couple quit their jobs in London to become caretakers of a remote Irish island. Dan Regan and Emily Campbell run a coffee shop and cottages on Great Blasket Island. At the start of April, Emily Campbell and her husband Dan Regan became caretakers of Great Blasket Island, a 1,100-acre island off the West coast of Ireland. With no running water or electricity, and sometimes difficult visitors, they've faced a steep learning curve. They do all these tasks on an island with no hot running water or conventional electricity.
In my freshman class alone, there was a Connie Zheng, a Connie Guo, a Connie Xu, a few Connie Chengs, and multiple Connie Wangs. That ayi was Constance Yu-Hwa Chung, or, as the world knows her, Connie Chung. Connie Chung hosting the “CBS Evening News” in 1991, the year after the author named herself Connie. Connie Wang Connie Koh Connie Yang Connie Tang Connie Jang Connie Chung Connie Moy Connie Huang Connie Kwok Connie Chang Connie Sun Connie Chung, center, surrounded by 10 members of Generation Connie. Clockwise from top right, Connie Yang, Connie Tang, Connie Moy, Connie Sun, Connie Chang, Connie Kwok, Connie Huang, Connie Jang, Connie Wang and Connie Koh.
Chegg's stock price crashed last week after the education company's CEO said ChatGPT was impacting customer growth. But investors shouldn't write off entire sectors just yet, according to analysts. Chegg shares plunged 49% on May 2 following Rosensweig's warning – and other major education stocks sold off as well. Don't write off the whole sector just yetIt can be tempting for investors to see disruptive technology like ChatGPT as a threat to entire industries – hence the broad and deep sell-off for education stocks Tuesday. Read more: Chegg crashes 49% after the education company says the rise of ChatGPT among students is impacting customer growth
House Judiciary Committee Chair Jim Jordan, R-Ohio, threatened enforcement action against Google that could include holding the company in contempt of Congress for failing to produce documents the committee subpoenaed to learn about tech company communications with the Biden administration. Jordan requested the companies comply by March 23. Congress can hold individuals in contempt for refusing to provide information requested by a committee. Alphabet didn't assert that those redactions included privileged information, according to Jordan, and the committee requires unredacted documents to be handed over. But those documents have yet to include an "appreciable volume" of several types of communications the committee assumes Google would have.
Ultimate Hamptons insider Dan Rattiner started writing about the Long Island enclave in 1960. Rattiner, whose book "Hamptons Private" explores the area in pictures, shared his observations. From fisherman stomping grounds to ritzy beach getaway, the Hamptons has a storied past. The white-sand beaches on the tail end of Long Island, New York, are the stomping grounds of celebrities from Martha Stewart to Beyoncé. "I've interviewed lots of celebrities and lots of local people," Rattiner told Insider, citing interviews with the likes of Donald Trump, Billy Joel, and Barbara Corcoran, as well as plenty of Long Island locals.
He also successfully grew his real estate income from $28k in 2018 to well over $1 million in 2022. A "pivotal moment" for Rivers came after he began further immersing himself into Charleston's local real estate investing community by attending regular meetups and networking events. That's when he decided to become more actively involved through not only private money lending, but also home flipping and wholesaling. Scaling up with house flippingAround 2019, Rivers also began dabbling in house flipping, a strategy which makes up a huge chunk of his real estate investing income today. Focusing on passive investing through real estate syndicatesToday, Rivers also has an additional nearly $1 million invested across various syndicates.
These books cover real estate and investing, business, personal development, and leadership. Intrigued by real-estate investing, Rivers took the plunge and bought his first real-estate investment property in 2019. In a recent interview, Rivers shared the 10 books — spanning topics such as business, investing, and personal development — that helped him scale his portfolio quickly. "What It Takes" by Stephen A. SchwarzmanThis book, written by the billionaire investor and Blackstone CEO Stephen A. Schwarzman, is one of Rivers' personal favorites. While much of the focus for entrepreneurs is on building a business, Rivers said understanding how to sell a business was just as important.
As seasoned real estate investors know, at a certain point buying rental properties becomes child's play. But reaching the big leagues requires some diversification, such as investing with real estate syndicates for bigger windfalls, or outsourcing day-to-day real estate operations to property managers to maximize time and efficiency. In a previous interview with Insider, Rivers shared his top three pieces of advice for beginning real estate investors. But he's also got some great insights for more seasoned real estate investors to help them diversify their holdings and reach the next level. But as they find their footing, at a certain point real estate investors must clearly define their goals.
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