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Photo: The Metals CompanyU.S. political support for deep-sea mining has taken on a new urgency as Norway this week became the first country to legalize extraction of minerals from the ocean bottom despite strong opposition from western allies. On Tuesday, Norway became the first country in the world to approve deep-sea mining within its waters despite pushback from environmental groups and some nations. Despite the opposition, deep-sea mining in international waters could become legal this year. The International Seabed Authority—the United Nations-backed organization that regulates all mineral activities in international waters—has been drafting a mining code to govern the practice. “Promising to protect the oceans one day and proposing deep-sea mining the next, is next-level hypocrisy [for Norway],” said Amanda Louise Helle, Greenpeace Norway activist.
Persons: Sen, Lisa Murkowski, , Amanda Louise Helle, , Yusuf Khan Organizations: Metals Company, Pentagon, Department of Defense, United Nations, ISA, U.S . Senate, United Nations Convention, Clarion, Greenpeace Locations: Norway, China, United States, France, Germany, Canada, U.S, isn’t, Alaska, Hawaii, Greenpeace Norway
"It is absolutely ridiculous that my constituents, who already pay for NBC, have to pay even more to watch this game," Ryan wrote in a letter to top NFL and NBC officials. I'm demanding the NFL and NBC stop the BS and offer fans the service they already pay for, or we're coming for your antitrust exemption." "Fans already face exorbitant prices to watch every game during the regular season; they don't deserve to be squeezed even further by greedy corporations," Ryan added. The league added that all the remaining playoff games would be available over the air nationwide, as well as on other platforms. NBC Sports reportedly pays the league more than $2 billion a year for its slice of NFL games.
Persons: , Pat Ryan, Ryan, Roger Goodell, Goodell, cciqwvZDoE —, @RepPatRyanNY, Rick Cordella, Patrick Mahomes, Hill, Alex Riethmiller, Sportico Organizations: Service, New, New York Democrat, NFL, NBC Sports, NBC, Business, Dolphins, Chiefs, Kansas City Chiefs, Super Bowl, Miami Dolphins, Kansas City, ESPN, Sports Business, MLB, NBA, NHL Locations: New York, Kansas City, Kansas, Miami
Apple and Nvidia are "own, don't trade" stocks, so should they be kept as they are, or shrink down? First, let's address our idea of "own, don't trade" stocks. To main a diversified portfolio, we don't want any of our positions, even Apple, to get much bigger than 5-6%. That doesn't mean we don't love the name or no longer view it as an "own, don't trade," it simply means that while it is an "own, don't trade" we also still abide by the view that discipline trumps conviction (diversification and not don't be greedy being the two disciplines of focus in this case) and that overrides the own, don't trade mantra. When we say "don't trade" these two names, we stay invested in both and don't try to catch the next 10% move up or down.
Persons: Jim Cramer, Eli Lilly, Jennie, Nvidia —, Nvidia wasn't, Jim Cramer's, Jim, SeongJoon Cho Organizations: Nvidia, Broadcom, Costco, Apple, Federal Reserve, Jim Cramer's Charitable, CNBC, Apple Inc, Bloomberg, Getty Locations: Hanam, South Korea
Wall Street made some big calls on Club stocks to kick off the first week of 2024. Apple Wall Street's take: The new year began with a bang in Big Tech and not in a good way. Apple stock received a rare downgrade from Barclays on Tuesday. We always say about Apple stock "own it, don't trade it." Microsoft, Salesforce Finally, Microsoft and Salesforce were listed as Bank of America's top picks on Friday.
Persons: Here's, IP15, , Salesforce, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Apple, Big Tech, Barclays, Tuesday, Nvidia, Data Center, Club, Honeywell, Mizuho Securities, Costco Wholesale Deutsche Bank, Costco, Microsoft, Bank, America's, Dow Jones, Dow, CNBC, Traders, New York Stock Exchange, Getty Locations: India, NVDA
We're selling 25 shares of Caterpillar (CAT) at roughly $293. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 290 shares of CAT, decreasing its weighting 2.82% from 3.05%. We're trimming some Caterpillar shares with the stock trading at a new all-time high. The stock made a strong move over the summer as those fears proved overblown and the company posted blowout earnings . However, raising a little extra cash when the market is this overbought is a discipline we are unwilling to break.
Persons: Jim Cramer's, we've, It's, Jim Cramer, Jim Organizations: Caterpillar, CAT, Bears, Federal, CNBC
The Club on Friday is changing the rating and price target on one of our favorite semiconductor stocks, while updating the price targets on four other names in the portfolio to reflect recent earnings, new internal developments and broader economic forces. We're increasing our price target on Broadcom to $1,200 a share, up from $1,000 to reflect the strong quarter it reported last week. We are increasing our price target on Costco Wholesale to $680 a share, up from $630. We are increasing our price target on Palo Alto Networks to $320 a share, up from $300. The move comes after raising our price target earlier in the month to $300, from $280.
Persons: It's, Carrier, Wells Fargo, Wells, Jim Cramer's, Jim Cramer, Jim, Brent Lewin Organizations: Broadcom, VMware, Costco, Costco Wholesale, Honeywell, U.S, Palo Alto Networks, Federal, CNBC, Apple, Bloomberg, Getty Locations: Palo, Wells, Wells Fargo, PANW
Joachim Nagel, President of Germany's federal reserve Bundesbank addresses the media during the bank's annual news conference in Frankfurt, Germany March 1, 2023. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsNICOSIA, Dec 3 (Reuters) - Euro zone inflation will carry on declining in the months ahead but at a slower pace, Bundesbank President Joachim Nagel was quoted as telling Cypriot newspaper Kathimerini on Sunday. "We have not yet won the fight against inflation," said Nagel, who visited Cyprus last week. "Add in a scenario where an escalation of geopolitical tensions could imply higher inflation and it becomes clear that it would be way too early to declare victory over high inflation rates," said Nagel, an influential voice on the ECB's rate setting Governing Council. "All in all, I expect inflation to carry on declining, but at a slower pace and with possible bumps along the way," Nagel said.
Persons: Joachim Nagel, Kai Pfaffenbach, Nagel, " Nagel, Michele Kambas, David Goodman Organizations: REUTERS, Rights, Cypriot, Central Bank, ECB, Thomson Locations: Frankfurt, Germany, Rights NICOSIA, Cyprus
Childfree workers told Business Insider they often feel pressured to cover for parents at work. Benson's not alone in experiencing the tension of splitting work between childfree workers and those with kids. For childfree workers, it may lead to resentment, or feeling like their time isn't as valuable. And that might, in turn, lead to childfree workers being asked to take on more. But the childfree workers, parents, and experts that Business Insider spoke with say that making it a worker-to-worker dispute takes the onus off of companies and policy.
Persons: , Kira Benson, Benson, Benson's, isn't, tenable, It's, aren't, Amanda Pericles, JessieMay Reed, they've, I'm, Benson doesn't, Arindrajit Dube, Claudia Goldin, Dube, " Dube, Evi, Nardi, Pericles, Pericles isn't, Reed, Kitty Richards, Richards, Betsy Cardenas, She's, Cardenas, we're Organizations: Business, Service, Bloomberg Law, University of Massachusetts Amherst, Treasury Department, of Labor Statistics, monopsony Locations: Seattle,
A British woman and her husband won more than $180 million in a lottery in 2012. AdvertisementGillian Bayford and her then-husband won the equivalent of $187.5 million in a EuroMillions lottery in August 2012. Bayford told The Sun that she gave roughly £20 million, about $25 million, to her family members but has since severed ties with them, even missing out on an invitation to her brother's wedding. Despite offering her family financial help, Bayford told the newspaper that relationships dramatically deteriorated. Speaking to The Sun about her family, Bayford said: "They're rubbing people's noses in it by flashing their cash, which I think is downright nasty."
Persons: wasn't, Gillian Bayford, Bayford, Bayford's, Brenda McCulloch, it's, It's, Adrian Bayford, Emily Irwin Organizations: Sun, The Times, Daily, Wells Locations: British, Scotland, London, Her
Signs for Emirates airlines are stacked to the side at Logan Airport in Boston, Massachusetts, U.S., January 19, 2022. "If you have an engine ... not performing as it should do, your costs are going to rise. Get your product right, design it to what the client wants, give it that high level of reliability. And yes, paradoxically, you can extract more value for your money for your buck in terms of your investment." He brushed aside the idea of renegotiating existing engine contracts to raise hourly pricing, saying "don't go there".
Persons: Brian Snyder, Tufan Erginbilgic, Tim Clark, Clark, I've, Royce, Erginbilgic, we're, Tim Hepher, Sharon Singleton, Mark Potter Organizations: Emirates, Logan Airport, REUTERS, Rights, Dubai's, Royce, Reuters, Airbus, Boeing, Airlines, Raytheon Technologies, Thomson Locations: Boston , Massachusetts, U.S, Dubai's Emirates, British, Dubai
The shutdowns of 2020 created a perfect storm for the housing market — and supercharged the clash between Wall Street and regular homebuyers. Given the attention these markets received during the pandemic, it's no wonder that the battle between Wall Street and Main Street became the dominant story of COVID-era homebuying. Advertisement"If Wall Street was really gobbling up Main Street," Sharga told me, "we would see homeownership rates go down." Wall Street landlords have also been increasingly selling off homes to regular people, a Business Insider analysis found. Still circlingWhile average homebuyers have staged a comeback over the past three years, Wall Street isn't ready to jump out of the housing market altogether.
Persons: homebuyers, That's, Wall, elbowed, Rick Sharga, CJ Patrick Company, they're, who've, Axios, Sharga, CoreLogic, Pretium —, John Voorheis, Voorheis, , Freddie Mac, James Rodriguez Organizations: Rage, Federal Reserve Bank of Philadelphia, Parcl Labs, Labs, National Association of Realtors, Wall Street, Investor, Wall, Tricon, Associates, Investors, Center for Economic Studies, Census Locations: Phoenix, Chicago, homebuilders, homeownership, Dallas, Charlotte, North Carolina, Atlanta
Shortly after the opening bell, we will sell 175 shares of Alphabet (GOOGL) at roughly $136.28. Following the trade, Jim Cramer's Charitable Trust will own 700 shares of GOOGL, decreasing its weighting to 3.30% from 4.09%. We are starting the week by raising cash as the market is the most overbought we've seen in a long time. Any reading of 4% or more means the market is technically overbought (a reading of less than minus 4% means oversold). With this sale, we will realize a fantastic gain of about 360% on Alphabet stock purchased in July 2014.
Persons: Jim Cramer's, we've, We've, Jim Cramer, Jim, Brendan Mcdermid Organizations: CNBC, Traders, New York Stock Exchange Locations: New York City, U.S
Minnesota Nice: The History of ‘Fargo’
  + stars: | 2023-11-21 | by ( Brian Tallerico | ) www.nytimes.com   time to read: +1 min
The Emmy-winning FX limited series “Fargo” returns Tuesday with a new season, its fifth, that stars Juno Temple and Jon Hamm and goes back to the basics: Minnesota cops, North Dakota bad guys and plenty of snow-covered landscapes. Created by Noah Hawley in 2014, “Fargo” is named after the Oscar-winning ’90s film by Joel and Ethan Coen and often repeats that film’s character archetypes: kind but determined police officers that echo Frances McDormand’s Marge Gunderson; greedy, conniving husbands like William H. Macy’s Jerry Lundegaard; and bumbling bad guys à la those played in the original film by Steve Buscemi and Peter Stormare. But the series takes as its inspiration the whole of the Coenverse, referencing and remixing characters, themes and aesthetics from films like “Raising Arizona,” “Miller’s Crossing” and “No Country for Old Men” — as well as “Fargo,” of course — in original stories the tend to center on the evil deeds of stupid men. It has been three years since the last season of “Fargo.” With the new one about to premiere and the other four available on Hulu, here is a look at the who, what, where and you betcha of “Fargo,” season by season.
Persons: , Juno Temple, Jon Hamm, Noah Hawley, , Oscar, Joel, Ethan Coen, Frances, Marge Gunderson, William H, Macy’s Jerry Lundegaard, Steve Buscemi, Peter Stormare Organizations: Hulu Locations: North Dakota, “ Fargo,
His portrayal came in testimony in an antitrust trial focused on Epic Games' attempt to upend Google's store for Android phone apps. It's similar to a payment system that Epic unsuccessfully challenged in a parallel lawsuit filed against Apple's iPhone app store. Sweeney said Google tried to entice him with a wide range of financial incentives, which he rejected. After rejecting Google's overtures, Epic tried to distribute Fortnite for Android through its own website. “It's an issue I see as existential to all games, including Epic,” Sweeney said.
Persons: Tim Sweeney, Sundar Pichai, Sweeney, Jonathan Kravis, Kravis, ” Sweeney, Fortnite, Sweeney didn't Organizations: FRANCISCO, Google, Games, Washington , D.C, U.S, Supreme, Activision, Android, Apple, Sony, Microsoft, Nintendo, PlayStation Locations: San Francisco, Washington ,, View , California
There's a history of Christmas pudding charms, to be hidden within the holiday treat. And there's an angel made of beads by an artisan in the Woza Moya collective of South Africa. The photographer behind the Instagram account Brown Girls Do Ballet has put together a celebratory essay in images of just that. More than 1,100 color images included in this broad overview, Glaser’s wit ever-present. Includes rarely seen images and recollections from Salt-N-Pepa, Public Enemy, Run-D.M.C., Mary J. Blige and more.
Persons: Slim Aarons, Shawn Waldron, Abrams, , David Trigg, Sam Bilton, Dolph Gotelli, Moya, “ Lena Horne, Donald Bogle, Bogle, TaKiyah Wallace, McMillian, Kailyn Scales, Leventhal, Dutton, Chef Gabriel “, Kim Laidlaw, Guilbeau, Taylor Sheridan, John, Kayce, Beth, Hal Rubenstein, Mary Tyler Moore's, Laura Petrie, Dick Van Dyke, ” Moore, Rubenstein, Dawn Wells, Mary Ann, Molly Adams, Sydney Golden Anderson, Adams, Golden Anderson, “ Thom Browne, , Thom Browne, Andrew Bolton, Johnny Dufort, Browne's, Karida L, Brown, Charly Palmer, W.E.B, Du Bois, They've, Langston Hughes, Jenni Nuttall, Mark Seliger, Seliger, Joe Jonas, Sophie Turner, Chadwick, Will Smith, Jada Pinkett Smith, Robert De Niro, ” Abrams, Lindsey Taylor, Taylor, “ Milton Glaser, Steven Heller, Mirko Ilić, Beth Kleber, Glaser, Glaser busied, “ LL, LL Cool, Vikki Tobak, Alec Banks, Mary J, Blige, Peep Ludacris Organizations: Hollywood, Getty Images, Phaidon, Running Press, CBS, HarperCollins, Sydney, Feminist Bird, National Wildlife Federation, Princeton Architectural Press, Families, Chronicle, Exeter College, , Wall, Rizzoli New Locations: Palm Beach, Rome, tailgaters, Aiken , South Carolina, South Africa, Brooklyn, Louisiana, Bolton, New York, Rizzoli New York
Nobody made this point better than the Tuscan humanist Poggio Bracciolini. Indeed, the rich merchants who were the main “victims” of forced loans were also the rulers of patrician republics and understood they were contributing their private resources to the public good. These loans proved to be a poor investment, as the interest tended to become negative in real terms because of hyperinflation. Of course, historically, wars provide the best possible motivation to ask citizens to contribute more: either with their blood or with their cash. For example, this was explicit in the fiscal package introduced in the United States as part of Franklin Roosevelt’s New Deal.
Persons: Poggio Bracciolini, avaritia, Liberty Bonds Organizations: Liberty Locations: Europe, Italy, Venice, Ottoman Empire, United States, Britain, Franklin Roosevelt’s
Copyright Office. Copyright Office, which registered more than 480,000 copyrights last year covering millions of individual works but is increasingly being asked to register works that are AI-generated. So far, copyright claims for fully machine-generated content have been soundly rejected because copyright laws are designed to protect works of human authorship. More than 9,700 comments were sent to the Copyright Office, part of the Library of Congress, before an initial comment period closed in late October. So far, courts have largely sided with tech companies in interpreting how copyright laws should treat AI systems.
Persons: , “ We’ve, Shira Perlmutter, Perlmutter, Justine Bateman, ” Bateman, , Lilla Zuckerman, craven, Marc Beeson, who’s, Carrie Underwood, Garth Brooks, Beeson, “ ravenous, Heidi Bond, Courtney Milan, Bond, ” Perlmutter Organizations: . Copyright, Technology, Associated Press, U.S . Copyright, Copyright, of Congress, Gentlemen, US Copyright, Hollywood, Universal, Group, New York Times, FAIR, Google, Microsoft, Facebook, U.S, Supreme Locations: U.S, United States, Nashville, American, San Francisco
Trevor Milton's lawyers say he should avoid prison because his fraud conviction is not like that of Elizabeth Holmes. Holmes was convicted on charges that she defrauded investors in blood-testing company Theranos. Milton was convicted on charges that he duped investors with exaggerated claims about zero-emission Nikola trucks. Court officials have calculated federal sentencing guidelines to recommend between 17 1/2 years and 22 years in prison, although Milton's lawyers object to the calculations, saying they substantially overstate the seriousness of the crimes. "Unlike Holmes, Trevor never put Nikola's customers at risk, whereas Holmes touted and used blood-testing technology that she knew to be unreliable, thus putting human beings at medical risk," the lawyers said.
Persons: Trevor, Elizabeth Holmes, Holmes, Milton, , truckmaker Nikola, Trevor Milton, nastiness, Nikola, Milton's, Nikola — Organizations: Service, truckmaker, truckmaker Nikola Corp, Wall, The Associated Press, General Motors Corp, Securities and Exchange Commission, Nikola Locations: Manhattan, tatters, Utah, Arizona
He's continued to grow his wealth by investing in real estate and co-founding MMG Media Group, which builds, buys, scales, and sells websites. "I don't want to be fully concentrated in index funds and owning websites and having a few real estate properties," he told Insider. Investing in niche websites and watchesSabatier subscribes to one of Warren Buffett's investing philosophies: Be fearful when others are greedy and greedy when others are fearful. "So it's an incredible time to be buying niche websites and optimizing them." He particularly likes buying websites because they're asset-light and relatively affordable.
Persons: Grant Sabatier, He's, Sabatier, Warren Buffett's, everyone's, there's, Pete Davidson, Jack Kerouac's Rolex, Sabatier — Organizations: Business, MMG Media Group, Rolex Locations: American
NEW YORK (AP) — Lawyers for the founder of truckmaker Nikola Corp. say he should not face incarceration because his fraud conviction is nothing like the fraud that landed Theranos founder Elizabeth Holmes in prison. Milton, 41, was convicted last year of fraud for duping investors with exaggerated claims about his company’s production of zero-emission trucks. Holmes, 39, is serving an 11-year sentence for defrauding investors in the blood-testing company Theranos. “Unlike Holmes, Trevor never put Nikola's customers at risk, whereas Holmes touted and used blood-testing technology that she knew to be unreliable, thus putting human beings at medical risk,” the lawyers said. Lawyers for Holmes did not immediately comment.
Persons: truckmaker Nikola, Elizabeth Holmes, Trevor Milton, nastiness, , Milton, Holmes, Trevor, CNBC’s, Nikola, “ Trevor, Milton’s, Nikola —, Organizations: , truckmaker, truckmaker Nikola Corp, Wall, The Associated Press, General Motors Corp, Securities and Exchange Commission, Nikola Locations: Manhattan, , tatters, Utah, Arizona
LOS ANGELES (AP) — Last year, Dolly Parton was inducted into the Rock & Roll Hall of Fame — against her wishes. Now, almost exactly a year later, she's releasing her first rock ‘n’ roll album, appropriately titled “Rockstar," on Friday. Parton once thought she'd record a “Linda Ronstadt-type rock album,” but had felt she was getting too old. “I care about people, human suffering and all of that.”“World On Fire,” she says, was written after she thought the album was completed. For now, Parton says “Rockstar” is her first and last rock album.
Persons: Dolly Parton, she's, Parton, , ” Parton, , Linda Ronstadt, Sting, Peter Frampton, Debbie Harry, Pat Benatar, Brandi Carlile, Chris Stapleton, Mick Jagger, Lionel Richie, Long, Paul McCartney, I’ve, Ringo Starr, Starr, Rockstar ”, Porter Wagoner, Elvis, Ronnie McDowell, Elvis Presley, Tom Parker, “ I'm, She's Organizations: ANGELES, , Roll Hall, Fame, Roll Hall of Fame, Associated Press, , AP, Rockstar
Sen. Markwayne Mullin nearly came to blows with a witness at a hearing on Tuesday. If you donate $35 to his Senate campaign, you'll get a shirt that says "Anytime, Anyplace." That's the lesson that Republican Sen. Markwayne Mullin of Oklahoma appears to have taken from his near-brawl with Teamsters President Sean O'Brien at a hearing of the Senate's Health, Education, Labor and Pensions committee on Tuesday. "Anyplace, Anytime cowboy," he wrote. Anyplace, Anytime cowboy.
Persons: Sen, Markwayne Mullin, you'll, , Sean O'Brien, — Markwayne Mullin, @MarkwayneMullin, Mullin, he's, O'Brien, Greedy, JNvT7IsA6m, Sean M, Republican Sen, Thom Tillis Organizations: Service, Health, Education, Labor, Senate, Republican Locations: @TeamsterSOB, North Carolina
A Republican senator and the president of the Teamsters almost got into a fist fight Tuesday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Markwayne Mullin read a tweet from Teamster boss Sean O'Brien which challenged Mullin to a fight. AdvertisementThe almost-brawl comes approximately eight months after a previous committee hearing in March where O'Brien accused Mullin of being a "greedy CEO" who "hid money."
Persons: Bernie Sanders, , Sen, Sean O'Brien, Markwayne Mullin, O'Brien, Mullin, Mullins, Sanders Organizations: Republican, Teamsters, United, Service, Health, Education, Labor, Citizen Free Press Locations: United States
CNN —Hate groups and far-right internet trolls have seized on the tensions surrounding the Israel-Hamas war, while leveraging advances in artificial intelligence to further stoke antisemitism in the United States. “We’ve seen a real concerning ideological convergence between far-right communities online and pro-Hamas sentiment,” said Ben Decker, CEO of Memetica, a threat analysis company that monitors online hate. Karen Dunn, an attorney who sued the people responsible for the violence at the deadly 2017 Unite the Right rally in Charlottesville, Virginia, told CNN the hate groups “hate everybody, but they hate the Jews the most.”Antisemitism is a commonality that can unite multiple different and competing hate groups, which can then metastasize into hate directed at others, she said. Minadeo, the hate group’s leader, was sentenced this month to 30 days behind bars in Florida, after distributing the antisemitic fliers. Since the October 7 attack on Israel, hate groups also have attempted to latch onto the pro-Palestinian movement to push their own antisemitism-promoting agenda.
Persons: “ We’ve, , Ben Decker, Christopher Wray, Memetica, Decker, Karen Dunn, , ” Dunn, ” Decker, “ It’s, I’m Jon Greenblatt, Jonathan Greenblatt, Greenblatt, ” Jon Minadeo, David Shapiro, “ Heil, Carla Hill, Organizations: CNN, Defamation, Hamas, FBI, Department of Homeland Security, Capitol, DHS, National Justice Party, 4chan, Meta, YouTube, Microsoft, Carnegie Mellon, ADL, Goyim Defense, Third, , Extremism, CNN Center, Minadeo, Palestine Locations: Israel, stoke, United States, Charlottesville , Virginia, Charlottesville, Calabasas , California, Calabasas, council, Covid, California, Iowa , Massachusetts, Oregon, Fairfax , Virginia, Atlanta, Florida, Palm Beach, Missoula , Montana, Arizona
The Fired College Football Coach Getting Paid $75 Million
  + stars: | 2023-11-13 | by ( Jason Gay | ) www.wsj.com   time to read: 1 min
You may fire me for $75 million. You may even fire me for $74 million. For $74 million, I can lease a new car with heated seats and buy a one-bedroom apartment in most major American cities. I can upgrade to premium economy and take my cat on a two-week surfing vacation. I can finally join a golf club, and pay a swing coach to sit in a cart and laugh at me.
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