DIRS.INFO The most relevant business & tech news

☆ 10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will be no different
▼ + stars: | 2024-01-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +12 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTMary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. GM's EV sales last year totaled 75,883 units, or 2.9% of the company's overall sales. However, a vast majority of GM's EV sales were from its now-discontinued Chevrolet Bolt models. Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022. General Motors CEO Mary Barra testifies during a House Energy and Commerce Committee hearing on Capitol Hill in Washington, April 1, 2014.

Persons: Mary Barra, Mary Barra's, Barra, She's, Tesla, Michelle Krebs, Warren Buffett's Berkshire, EVs hasn't, Frederic J, Brown, there's, Cruise, Cruise's, Jeff Kowalsky, Darryll Harrison Jr, Mary, Barra's, Dan Akerson, Dan Ammann, Mark Reuss, Steve Fecht, Stephanie Brinley, they've, Lyft, David Einhorn's, Einhorn Organizations: General Motors, New York Stock Exchange, NYSE DETROIT, Detroit, GM, Wall, U.S, EV, Cox Automotive, Warren Buffett's Berkshire Hathaway, —, Hyundai, Kia, Bolt, EVs, Cadillac, AFP, Getty, Honda Motor, Automotive Press Association, Bloomberg, Cruise, CNBC, GM Renaissance Center Global Headquarters, P Global Mobility, Apple, Google, Energy, Commerce, Capitol Locations: Los Angeles, North America, Barra, San Francisco, Detroit, Washington

☆ How to succeed as a film and TV executive in Hollywood, according to rising stars of the entertainment business
▼ + stars: | 2024-01-09 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

In the course of assembling Business Insider's list of 2023 rising stars of the entertainment industry — 25 up-and-coming execs from companies like Netflix, Disney, Warner Bros. We asked them to break down the contours of the role — what they love, what the biggest challenges are — and to break down what skills and traits make a good creative executive. Find your balance between creative thinking and executive skillsDiego Nájera is a director of narrative film at Participant, an independent production company. Let the creator's vision be the North Star of every decisionEmerald Wright-Collie is a director of creative content for Sony Pictures Television's kids' division. So always sticking true to that creative North star.

Persons: Baggett, it's, Zac Geoffray, Abbott, It's, Diego Nájera, we've, Emerald Wright, Collie, Kurt Mueller, —, Alison Brower Organizations: Hollywood, Creative, Netflix, Disney, Warner Bros, ABC, North Star, Sony Pictures Locations: today's

☆ Crypto’s 2023 was marred by fraud and scandal. It was its best year ever
▼ + stars: | 2023-12-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling. Bitcoin, the crypto’s bellwether asset, is up 160% for the year. “It was the year of crypto’s resiliency,” Kyla Curley, a crypto expert and partner at global advisory StoneTurn, tells CNN. “Fraud is fraud,” Curley says, “Regardless of the technology or the industry … you cannot stop human nature. Adding to that bullish sentiment: the bitcoin halving, or, more menacingly, “the halvening.”While it’s often a buy-the-hype-sell-the-news kind of event, the halving does tend to push bitcoin higher.

Persons: New York CNN —, “, ”, Sam Bankman, Zhao, Alex Mashinsky, Heather “ Razzlekhan ” Morgan, Ilya Lichtenstein, ‘, Bonnie, Clyde ’, Bitcoin, crypto’s, ” Kyla Curley, ” Curley, Changpeng Zhao, Eduardo Munoz, Costas Baltas, Faryar Shirzad, bitcoin, ” Antoni Trenchev, ” Trenchev, Warren Buffett, Anthony Scaramucci, “ Bitcoin Organizations: New, New York CNN, New York CNN — Crypto’s, CNN, Department of Justice, crypto’s, grifters, Bitcoiners, SkyBridge Locations: New York, SBF, Bitcoin

☆ Washington sports teams Capitals, Wizards to move to new Virginia complex in 2028
▼ + stars: | 2023-12-13 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

watch nowThe National Hockey League's Washington Capitals and the National Basketball Association's Washington Wizards are slated to move to Alexandria, Virginia, as part of a $2 billion entertainment complex effort, the state's Gov. The development, about 8 miles south of Washington, D.C., will house the new global headquarters for Monumental Sports & Entertainment, which owns the Capitals and Wizards, as well as the new home arena for the teams. Glenn Youngkin answers questions following the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, December 13, 2023 in Alexandria, Virginia. Win Mcnamee | Getty Images News | Getty Images"This is the most visionary sports and entertainment development in the world. Legislators will have to greenlight the creation of the complex in the next Virginia General Assembly session.

Persons: Glenn Youngkin, Win Mcnamee, Youngkin Organizations: Hockey League's Washington Capitals, National Basketball, Washington Wizards, Washington , D.C, Monumental Sports & Entertainment, Capitals, Wizards, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Virginia General Locations: Alexandria , Virginia, Washington ,, Commonwealth, Virginia

☆ Bob Iger says Disney needs a reality check about box office success
▼ + stars: | 2023-11-30 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

"We got to the point where if a film didn't do a billion dollars in global box office, we were disappointed," he said. Iger also blamed Disney putting quantity before quality for its box office misses. In response to questions about the company's box office misses, the CEO said: "I'm not sure another studio will ever achieve some of the numbers that we achieved." Disney can claim 10 of the 20 highest-grossing films, each of which took more than $1 billion at the box office, per IMDb. However, the film's now made $383 million globally, per Box Office Mojo.

Persons: Bob Iger, Iger, —, That's, Indiana Jones, Bob Chapek, Iger's Organizations: Disney, Service, The New York Times, Summit, Netflix

☆ Marvel movies will be Bob Iger’s Disney priority after the cinematic universe suffered recent box office fails
▼ + stars: | 2023-11-29 | by ( Liam Reilly | Jon Passantino | ) edition.cnn.com time to read: +4 min

“Quality needs attention to deliver quality, it doesn’t happen by accident,” Iger said. Iger, speaking in a wide-ranging interview with Andrew Ross Sorkin at The New York Times’ annual DealBook summit, acknowledged that Disney had “diluted” the caliber of films produced by Marvel. The company, he added, had “made too many” film sequels that had not been well received by audiences or critics. Francis deSouza, the former CEO of Illumina — a biotech company — said he would not seek re-election to the board. In a statement, Mark Parker, the chairman of Disney’s board, praised Gorman’s succession planning abilities at Morgan Stanley.

Persons: CNN —, Bob Iger, ” Iger, ” “, Andrew Ross Sorkin, “, we’ve, ”, Iger, Bob Chapek, you’ve, Morgan Stanley, James Gorman, Sky Jeremy Darroch, Francis deSouza, Illumina, —, Mark Parker, Ted Pick, Gorman, James, Morgan Stanley’s, ” Parker, Samantha Delouya Organizations: CNN, CNN — Disney, Marvel Studios, Marvel, The New York Times, Disney, Sky, “

☆ Schaeffler’s token bump sets up bigger battle
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Staff Acquire Licensing RightsLONDON, Nov 27 (Reuters Breakingviews) - Schaeffler’s (SHA_p.DE) token bump for Vitesco Technologies (VTSCn.DE) may not ensure a smooth ride. The 3.4 billion euro German industrial group raised its tender price for shares in auto parts group Vitesco by 3% to 94 euros. On that basis the 94 euros tender price is only a 7% premium above fair value. Assuming enough shareholders now tender, the final merger price for any remaining shares will be set by a third-party valuer. Yet Vitesco’s board, backed by three banks including JPMorgan (JPM.N) and Lazard (LAZ.N), have now published fairness opinions saying the company is worth more than 94 euros.

Persons: Thomas Stierle, David Einhorn’s, Neil Unmack, Warren Buffett, George Hay, Streisand Neto Organizations: REUTERS, Staff, Reuters, Vitesco Technologies, JPMorgan, Lazard, X, Thomson Locations: Frankfurt, Germany, China, Rome

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 10 experts say it's going to happen.
▼ + stars: | 2023-11-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are 10 projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. FebruaryIn August, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: —, Preston Caldwell, Arend Kapteyn, Bhanu Baweja, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, we'll, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Morningstar, UBS, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: North America's

☆ What the Binance settlement means for crypto investors—and why it could clear the path for a bitcoin ETF
▼ + stars: | 2023-11-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Industry insiders are cheering the end of a "CZ"-led Binance as a necessary move for crypto going forward. Some say it was perhaps even critical for what could be the next big step for the industry: the approval of a bitcoin ETF. Having this settlement behind us could be the final big, big step needed for this ETF." The crypto industry has long sought the creation of a bitcoin ETF (efforts to launch one go back at least a decade). "Binance is globally the major liquidity pool for crypto trading despite losing market share this year," she said.

Persons: Zhao, Binance, –, Franklin Templeton, Michael Rinko, Sam Bankman, Fried, Rinko, Sam Callahan, Callahan, Yesha Yadav Organizations: Industry, Department of Justice, –, Fidelity, Delphi, Securities, Exchange Commission, Binance, CZ, DOJ, Futures Trading Commission, Treasury Department, BlackRock, Invesco, Ark, Vanderbilt University Law School Locations: BlackRock

☆ Oil prices tumble as OPEC+ pushes back key meeting and Saudi Arabia grows frustrated
▼ + stars: | 2023-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Oil prices tumbled on Wednesday as OPEC+ delayed its weekend meeting to November 30. Saudi Arabia expressed dissatisfaction with other OPEC+ members' production, Bloomberg reported. AdvertisementOil prices tumbled on Wednesday as OPEC+ pushed back this weekend's meeting to November 30 amid reports of discord among member countries. Oil prices have tumbled more than 18% since their peak in September. Saudi Arabia has expressed dissatisfaction with other OPEC+ members' oil production levels, sources told Bloomberg.

Persons: —, Brent, OPEC's Organizations: West Texas Intermediate, Brent, Bloomberg, Service, United, United Arab Emirates, Financial Times Locations: Saudi Arabia, Angola, Congo, Nigeria, OPEC, United Arab, UAE

☆ UK regulators approve medical treatment involving CRISPR gene editing in world first
▼ + stars: | 2023-11-16 | by ( Katie Hunt | ) edition.cnn.com time to read: +4 min

CNN —The United Kingdom has become the first country to give regulatory approval to a medical treatment involving the revolutionary CRISPR gene editing tool. The treatment, made by Vertex Pharmaceuticals, is administered by taking stem cells out of a patient’s bone marrow and editing a gene in the cells in a lab. “Modifying the stem cells from the bone marrow of the patient avoids the problems associated with immune compatibility, i.e. The release from the MHRA did not say how much the treatment would cost, but it’s likely to be expensive. CRISPR-Cas9 has had a major impact on biomedical research, clinical medicine and agriculture and is widely used in labs around the world.

Persons: —, ”, Julian Beach, “, — Emmanuelle Charpentier, Jennifer A, Doudna —, Casgevy, Alena Pance, ” Pance, Cas9, Jiankui Organizations: CNN, country’s Medicines, Healthcare, Agency, Beta, Vertex Pharmaceuticals, US Food and Drug Administration, University of Hertfordshire, Science Media Centre Locations: United Kingdom, South Asian

☆ David Einhorn, who is trouncing the market this year, bought a small cap crude oil play
▼ + stars: | 2023-11-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

David Einhorn's Greenlight Capital made several bets in energy and health care during the third quarter, according to a new securities filing. That position was worth $65.2 million. Greenlight also bought up shares in biotech names Gain Therapeutics and Coya Therapeutics , increasing those stakes by 7.7% and 19.2%, respectively. The fund's largest position, homebuilding stock Green Brick Partners , was worth more than $512 million as of the end of September. Greenlight has soared past the broader market this year, returning 12.9% in the third quarter to bring its 2023 gains to more than 27%.

Persons: David Einhorn's, Einhorn, Russia's, Greenlight Organizations: Holdings, Securities, Exchange, Southwestern Energy, Consol Energy, Therapeutics, Coya Therapeutics, Green Brick Partners, Kyndryl Holdings Locations: Israel, Ukraine, U.S

JUNEAU, Alaska (AP) — A federal judge on Thursday upheld the Biden administration’s approval of the Willow oil-drilling project on Alaska’s remote North Slope, a massive project that drew the ire of environmentalists who had accused the president of backpedaling on his pledge to combat climate change. She added that the alternatives analyzed by the U.S. Bureau of Land Management as part of its review were consistent with the policy objectives of the petroleum reserve and the stated purpose and need of the Willow project. The administration's action alienated and outraged some supporters, particularly young activists who launched a TikTok campaign to oppose the project ahead of its approval in March. Connor Dunn, vice president of the Willow project for ConocoPhillips Alaska, said in court documents that it was “highly unlikely” that Willow would proceed if the administration’s approval were to be vacated. Many Alaska Native leaders on the North Slope and groups with ties to the region have argued that Willow is economically vital for their communities.

Persons: backpedaling, Sharon Gleason, ” Gleason, Erik Grafe, Earthjustice, ” Bridget Psarianos, Inupiat, ” Psarianos, Joe Biden’s, Deb Haaland, Connor Dunn, Dunn, Gleason, Rebecca Boys, Willow, Trump, Biden, greenlight, Mike Dunleavy, “, ”, Nagruk Harcharek Organizations: —, Biden, National Petroleum Reserve, U.S . Bureau of Land Management, ConocoPhillips, Land Management, Gleason ., Alaska, Republican Gov Locations: JUNEAU, Alaska, North, Willow, ConocoPhillips Alaska, ”

☆ Greenlight's David Einhorn — up 27% this year — is on a 'buyers' strike' and worries about geopolitics
▼ + stars: | 2023-11-08 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Einhorn's hedge fund returned 12.9% in the third quarter, bringing its 2023 gains to 27.7%. "The complacent investor view that geopolitics should be ignored might be true, except for the times when it isn't. "Higher oil prices would squeeze the consumer and likely cause a recession. His stellar track record made him one of the most followed hedge fund managers on Wall Street. Einhorn said his biggest winners in the third quarter were Consol Energy , Capri Holdings and Black Knight.

Persons: Greenlight Capital's David Einhorn, Einhorn, Russia's, he's, Black Knight Organizations: CNBC, Federal Reserve, West, Cornell grad, Greenlight Capital, Wall, Consol Energy, Capri Holdings, Black Locations: Ukraine, U.S, West Texas

☆ Weight-loss drug Wegovy could get expanded FDA approval within six months, Novo Nordisk says
▼ + stars: | 2023-11-02 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. Michael Siluk | UCG | Getty ImagesNovo Nordisk said Thursday that its blockbuster weight-loss drug Wegovy could receive expanded approval from the U.S. Food and Drug Administration within six months. "I would say from today, [the outcome will be] less than six months," Knudsen told CNBC's Julianna Tatelbaum on "Street Signs." watch nowEarlier Thursday, Novo Nordisk in its third-quarter earnings announced plans to get expanded approval from the FDA, but shared no timeline. "The SELECT study is, in an obese population with established cardiovascular disease, does Wegovy reduce cardiovascular risk?

Persons: Michael Siluk, Karsten Munk Knudsen, Knudsen, CNBC's Julianna Tatelbaum, " Knudsen, Novo Organizations: UCG, Getty, Novo Nordisk, U.S . Food, Drug Administration, CNBC, FDA, Novo Nordisk's Locations: U.S, Danish

CNN —President Joe Biden plans to make a direct appeal to the American people to continue funding Ukraine and Israel amid their war efforts in an Oval Office address Thursday, according to two administration officials. The Biden administration in August delivered its last so-called supplemental funding request, which encapsulates unique requests beyond traditional government programs. The proposal requested $24.1 billion to aid Ukraine through the end of the year, but Congress failed to approve it during a process to greenlight short-term federal funding. By contrast, support to sustain aid to Ukraine has waned significantly since Russia’s unprovoked invasion in February 2022. An August CNN poll found 55% of respondents said Congress should not pass more funding to aid Ukraine.

Persons: Joe Biden, Biden, “ He’s, –, Janet Yellen, ”, Mahmoud Abbas, Biden scoffed, “, Benjamin Netanyahu –, ” Biden Organizations: CNN, White, Hamas, US, Ukraine, White House, Kiel Institute, Sky News, Russia, Officials, Palestinian Authority, West Bank, Israeli Locations: Ukraine, Israel, Taiwan, Mexico, Washington, Gaza, Amman, Jordan, Tel Aviv, Egypt, United States

German Chancellor Olaf Scholz's coalition unveiled in July a strategy toward de-risking Germany's economic relationship with China, calling Beijing a "partner, competitor and systemic rival". German investment in Asia excluding China is rising as a share of overall investment. "No company is going to say that it will leave China," said Sandra Ebner, senior economist at Union Investment, Germany's second-largest fund manager. "But what companies are increasingly doing is to produce in China for China and to position themselves around China for the remaining Asian or global market." In July, German Economy Minister Robert Habeck travelled to India with a delegation of executives to discuss opportunities for German companies.

Persons: Thomas Nuernberger, Nuernberger, Olaf Scholz's, Volker Treier, Munk, Ferdinand Munk, Scholz, Angela Merkel's, Martin Brudermueller, Max Zenglein, Juergen Matthes, Markus Horn, Matthias Bianchi, Joe Biden, Wolfgang Niedermark, Jan Roennfeld, Roennfeld, Sandra Ebner, BDI's Niedermark, Robert Habeck, Christoph Steitz, Sarah Marsh, Maria Martinez, Aditya Kalra, Sarita Chaganti Singh, Xinghui, Orathai, Brenda Goh Organizations: Reuters, Commerce and Industry, Volkswagen, Mercedes, Benz, BASF, IW Institute, Big, Mercator Institute for China Studies, Economic Institute, Horn, German Association of, Indonesian Chamber of Commerce, Union Investment, Thomson Locations: FRANKFURT, BERLIN, Berlin, Beijing, China, Taiwan, India, Asia, Germany, Europe, Vietnam, South Korea, Indonesia, South China, European, Thailand, United States, Mexico, Indonesian, Eastern Germany, Malaysia, Frankfurt, New Delhi, Xinghui Kok, Singapore, Bangkok, Shanghai

☆ California may build solar panels alongside highways to power homes
▼ + stars: | 2023-10-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Gavin Newsom on Saturday gave the greenlight for the state's transportation and energy officials to figure out how to install solar panels, battery storage and other renewable energy sites along highways. According to the state's Department of Transportation, California has 250 state highways containing more than 15,000 miles of road. The empty land alongside those roads could be used to generate one gigawatt of potential solar energy, which could power over 270,000 California homes, according to a joint report from Environment California, a nonprofit backer of SB 49, and highway solar advocate The Ray. In 2008, Oregon became the first state to develop a solar highway project, which now has nearly 600 solar panels. Using empty space along highways to install clean energy sites would help alleviate pressure on the state's deserts where many solar panels are currently housed.

Persons: Gavin Newsom, Ray, Sen, Josh Becker Organizations: Port, Los Angeles , California ., Los Angeles , California . California Gov, Saturday, Department of Transportation, state's Department of Transportation Locations: Port of Los Angeles, San Pedro, Los Angeles , California, Los Angeles , California . California, state's Department of Transportation , California, California, Environment California, Oregon

☆ Markets see higher odds the Fed plows ahead with rate hikes after the blowout September jobs report
▼ + stars: | 2023-10-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Friday's jobs report came in well above expectations, leading markets to see higher odds of another rate hike. AdvertisementAdvertisementAfter the red-hot September jobs report, markets are pricing in higher odds for the Federal Reserve to hike interest rates at the November meeting. Investors are now staring down the prospect of higher for longer interest rates. "Bond markets are reflecting an outlook for better growth as rates move higher and equities are digesting an environment where earnings might be better, but higher rates are a headwind to valuation." Bank of America strategists, for their part, warned that stocks have room to fall further before the Fed pulls back on interest rates.

Persons: —, CME's, Steve Wyett Organizations: Service, Federal Reserve, The Labor Department, Treasury, BOK, Bank of America, Fed Locations: Treasurys

☆ White House waives 26 federal laws to speed up U.S.-Mexico border wall construction
▼ + stars: | 2023-10-05 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden speaks with border patrol officers as he walks along the border fence during his visit to the U.S.-Mexico border to assess border enforcement operations, in El Paso, Texas, on Jan. 8, 2023. WASHINGTON — The Biden administration waived 26 federal laws in South Texas to greenlight the construction of approximately 20 additional miles of the U.S.-Mexico border wall in the Rio Grande Valley. The continuation of border wall construction, which was announced in late June, is a major policy pivot for the Biden administration. During his 2020 campaign, President Joe Biden promised not "another foot of wall" would be built under his administration. NBC News released a poll last week that found the majority of Americans say Republicans do a better job addressing border security.

Persons: Joe Biden, WASHINGTON —, Alejandro Mayorkas, Biden, J.B . Pritzker Organizations: WASHINGTON, Biden, Department of Homeland, Act, Democratic, Illinois, NBC, Republicans Locations: U.S, Mexico, El Paso , Texas, South Texas, Rio Grande, United States

CNN —Concerns over Kenya’s human rights record have cast a shadow over a UN decision that gave Kenya the go ahead to lead an armed multinational force to Haiti amid brutal gang violence in the Caribbean country. For a year, the multinational force, comprising 1,000 Kenya police personnel is expected to combat criminal gangs responsible for a wave of killings, kidnappings and rape in Haiti. But human rights groups argue that Kenya’s history of human rights abuses must be evaluated. On Tuesday, Amnesty International Kenya urged UN member states, human rights organizations and citizens to thoroughly examine the “human rights and humanitarian implications” of deploying an armed multinational force to Haiti. What stake does Kenya have to be able to take those chances in a terrain that is foreign and dangerous?

Persons: Alfred Mutua, William Ruto, Ruto, “, ”, ” Ruto, Herman Manyora, Ruto’s, ” Manyora, Manyora Organizations: CNN, UN, Kenya, Amnesty International Kenya, Kenya National Civil Society Center, Kenya Police Service, Citizen Digital, Kenyan, UNSC, United Nations General Assembly, Union, Biden, US, University of Nairobi Locations: Kenya, Haiti, Caribbean, East, ”, African, Nairobi

The Writers Guild of America (WGA), which represents roughly 11,500 film and television writers, reached a preliminary three-year deal with major studios on Sunday. While actors remain on strike, late-night and daytime talk shows may resume production once their writers receive the Guild's greenlight to return to work in the coming days or weeks. Film and television producer Todd Garner said he expects that once actors reach a deal, scores of productions will race to restart at once. Major television shows and movies are contractually in first position with actors, Garner said. Its shares have dropped nearly 14% since the writers' strike started on May 2, while Paramount, Disney and Netflix have lost between 20% and 45%.

Persons: David Swanson, Drew Barrymore, Barrymore, Jimmy Fallon, Todd Garner, Garner, " Garner, Walt Disney, Susannah Streeter, Hargreaves Lansdown, Rosenblatt, Barton Crockett, Lisa Richwine, Dawn Chmielewski, Yuvraj Malik, Zaheer Kachwala, Arun Koyyur, Sandra Maler Organizations: Netflix, Writers Guild of America, REUTERS, Hollywood, Guild of America, SAG, Long, Warner Bros Discovery, Comcast, Hargreaves, Paramount, Disney, Thomson Locations: Los Angeles , California, U.S, California, Los Angeles, Bengaluru

☆ Tencent investors Naspers and Prosus announce abrupt departure of CEO Bob van Dijk
▼ + stars: | 2023-09-18 | by ( Arabile Gumede | ) www.cnbc.com time to read: +2 min

Bob van Dijk Bloomberg | Bloomberg | Getty ImagesThe immediate and mutually agreed departure of Naspers and Prosus CEO Bob van Dijk underscores a complicated few years for a firm seen riding on the coattails of its holdings in Chinese tech giant, Tencent . The South African Reserve Bank gave Naspers the greenlight to begin buying back more of its shares from Prosus. 'Getting rid' of the cross holdingPrior to the current structure, Naspers (headquartered in South Africa) owned a third of Chinese internet giant Tencent Holdings. Van Dijk oversaw the decision to split off its holding of Tencent and other tech holdings into Prosus in 2019. But that crossholding offered little value to investors with van Dijk telling Reuters at the time: "They [shareholders] said we don't like this cross holding, it creates complexity.

Persons: Bob van Dijk, Naspers, Koos, Van Dijk, Prosus, crossholding, van Dijk, We've, we're, Erwin Tu, Tu, Goldman Sachs Organizations: Bob van Dijk Bloomberg, Bloomberg, Getty, South, Naspers, South African Reserve Bank, Tencent Holdings, Johannesburg Stock Exchange, Euronext, Reuters, Citi, SoftBank Group Locations: Dutch, Prosus, South Africa, Johannesburg, Naspers

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 9 experts say it's going to happen.
▼ + stars: | 2023-09-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are nine projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementAdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. AdvertisementAdvertisementFebruaryOn August 31, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: Bob Michele, J.P, —, we'll, Preston Caldwell, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Bloomberg Television, Morgan Asset, Morningstar, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: Wall, Silicon, North America's

☆ An N.F.L. Stadium Brings Sports Betting Inside
▼ + stars: | 2023-09-14 | by ( Jenny Vrentas | More About Jenny Vrentas | ) www.nytimes.com time to read: +2 min

Since a Supreme Court ruling in 2018 opened the door for more states to greenlight sports gambling, the N.F.L. issued its most extensive set of penalties for violations of its gambling policy. Nine players in the past four years — including one Commanders player — have received at least season-long bans for betting on N.F.L. This diverges from other professional leagues such as Major League Baseball, which prohibits only betting on baseball games or illegal betting. Commanders left tackle Charles Leno Jr. said he doesn’t like talking about the gambling policy because he’s wary of saying something that could get him in trouble.

Persons: Roger Goodell, —, Charles Leno Jr, Leno, “, ” Organizations: Caesars Entertainment, MGM, Harbor, Kansas City Chiefs, Detroit Lions, N.F.L, Major League Baseball Locations: FanDuel

Search resuls for: "Greenlight"

25 mentions found