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☆ Justice Jackson says she might have left legal career had she known the challenges of caring for daughter
▼ + stars: | 2024-09-13 | by ( John Fritze | ) edition.cnn.com time to read: +5 min

The full interview of Justice Ketanji Brown Jackson will air Friday at 10 p.m. “It’s hard to look back and feel regret,” said Jackson, whom President Joe Biden nominated to the Supreme Court in 2022. Jackson said she was “flattered” that conservative Justice Clarence Thomas, the other Black justice on the court, laid out a detailed disagreement with her dissent in the case. “I think it is a concern for the court as an institution because public confidence is basically all we have,” Jackson said. “I ruled in that case consistent with what I believe the law required,” Jackson told CNN.

Persons: Ketanji Brown Jackson, Abby Phillip, ”, Jackson, “, Talia, ” Jackson, Joe Biden, I’ve, Jackson demurred, hadn’t, Clarence Thomas, Roe, Wade, “ I’m Organizations: ” CNN, CNN, ”, Harvard, University of North, today’s, Capitol Locations: Boston, Miami, University of North Carolina

☆ Elon Musk calls Australian government 'fascists' over misinformation law
▼ + stars: | 2024-09-13 | by ( Peter Guo | ) www.cnbc.com time to read: +3 min

Tech billionaire Elon Musk on Thursday called the Australian government "fascists" over plans to crack down on misinformation online. "Elon Musk's had more positions on free speech than the Kama Sutra," Government Services Minister Bill Shorten told the Australian network Channel Nine on Friday. "I mean, is this what he thinks free speech is all about?" At the time, Australian Prime Minister Anthony Albanese called Musk an "arrogant billionaire who thinks he is above the law." The Australian regulator later dropped its legal effort after a federal court refused to extend a temporary order to block the graphic content.

Persons: Elon Musk, Musk, Elon Musk's, Stephen Jones, Elon, Jones, Michelle Rowland, X, Anthony Albanese Organizations: Tech, Social, Australia's Labor, Government, Australian, Australian Broadcasting Corp, Twitter Locations: Australia

☆ Ripple's XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF
▼ + stars: | 2024-09-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The price of Ripple's XRP token jumped Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency. XRP was last higher by more than 3% at 56 cents a coin, according to Coin Metrics. XRP is the native token of Ripple's XRP Ledger, whose main purpose is to facilitate cross-border financial transactions. Grayscale made history shortly after when a court ruled that the SEC was wrong to deny crypto investment giant permission to convert its popular bitcoin trust into an ETF. The Grayscale Bitcoin Trust and the Grayscale Ethereum Trust began trading in January and July of this year, respectively, as ETFs.

Persons: XRP, Rayhaneh Sharif, Analisa Torres, cryptocurrencies, Bitcoin, MicroStrategy, —, Jesse Pound Organizations: Metrics, Securities and Exchange Commission, District, SEC Locations: London, England, Bitcoin, U.S

☆ Airbus Ventures launches $155 million fund focused on deep tech, including space
▼ + stars: | 2024-09-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Thomas d'Halluin, Managing Partner of Airbus Ventures, at Hangar One of NASA Ames Research Center's Moffett Field in California. Airbus VenturesAirbus Ventures, one of the most prolific investors in space startups, has raised a $155 million fund that it plans to deploy across the burgeoning space sector, as well as the broader "deep tech" ecosystem. "This fund is designed to unlock new possibilities, and space is one of them," Thomas d'Halluin, managing partner of Airbus Ventures, told CNBC. Historically, deep tech is a classification for companies working on technologies that face steep scientific or engineering obstacles. Airbus Ventures currently has $465 million under management, with Fund-Y marking its fourth fund to date.

Persons: Thomas d'Halluin, d'Halluin Organizations: Airbus Ventures, NASA Ames Research, Moffett, Airbus Ventures Airbus Ventures, CNBC, Spaceflight, SpaceX Locations: California, European

☆ Bitcoin could soon hit six figures regardless of who wins U.S. election, investors say
▼ + stars: | 2024-09-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. It helps that bitcoin became more institutionalized than ever this year with the introduction of U.S. bitcoin exchange traded funds. "If Trump wins in November, will there be an immediate pump? If Harris wins, could there be some immediate sell pressure? Although there are concerns thanks to the Biden administration's position on bitcoin, "I would remind investors ... that bitcoin did great," under the current adminustration, Lubka added.

Persons: That's, Donald Trump's, Steven Lubka, Bitcoin, Lubka, Kamala Harris, James Davies, bitcoin, " Davies, hasn't, Harris, Biden, Tyrone Ross, Trump, Bernstein, Swan Bitcoin, Elizabeth Warren, Gary Gensler, … Organizations: U.S, Swan, Exchange, Investors, Conference, Republican, Trump, Securities Locations: United States, Japan, Nashville, bitcoin

☆ $11 billion ExodusPoint just made a concession on fees. It could be the start of a massive change for hedge funds' biggest names.
▼ + stars: | 2024-09-11 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Multi-strategy hedge funds, led by Citadel, Millennium, and Point72, had churned out returns in turbulent markets with limited volatility. In that environment, even the multi-strategy funds not among the sector's top tier were able to demand long lock-ups and high fees. Bobby Jain's new fund launched with $5.3 billion in July after there were whispers of him raising $10 billion six months prior.

Persons: —, Michael Gelband, Goldman Sachs, Bobby Jain's, Doug Haynes, Justin Young Organizations: Service, Citadel, Tiger, Business, Millennium, Street, FT, Bloomberg, of Texas, Treasury, Multilateral Endowment Management Company, Oklahoma State Foundation, LinkedIn

☆ Jamie Dimon says 'the worst outcome is stagflation,' a scenario he's not taking off the table
▼ + stars: | 2024-09-10 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. JPMorgan Chase CEO Jamie Dimon said Tuesday he wouldn't rule out stagflation, even with greater confidence recently that inflation is coming off its highs. "I would say the worst outcome is stagflation — recession, higher inflation," Dimon said at a fall conference from the Council of Institutional Investors in Brooklyn, New York. "And by the way, I wouldn't take it off the table." In August, he said the odds of a "soft landing" were around 35% to 40%, implying a recession is the more likely outcome.

Persons: Jamie Dimon, JPMorgan Chase, Dimon Organizations: JPMorgan Chase & Co, Economic, of New, JPMorgan, of Institutional Investors Locations: of New York, Manhattan, New York City, U.S, Brooklyn , New York

☆ The possibility of stagflation hitting the US economy isn't off the table, JPMorgan chief Jamie Dimon says
▼ + stars: | 2024-09-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

JPMorgan Chase CEO Jamie Dimon said the worst outcome for the US economy is stagflation. Speaking at a Tuesday conference, Dimon said he "wouldn't take it off the table." Go to newsletter preferences Thanks for signing up! AdvertisementEven as inflation approaches the Federal Reserve's target, JPMorgan Chase CEO Jamie Dimon says stagflation is still a possibility. "I would say the worst outcome is stagflation — recession, higher inflation," Dimon said.

Persons: Jamie Dimon, Dimon, —, stagflation Organizations: JPMorgan, Service, of Institutional, CNBC, Business

☆ Jamie Dimon says succession planning is top of mind right now: 'We all want to get that exactly right'
▼ + stars: | 2024-09-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

He said president and COO Daniel Pinto 'could run the bank tomorrow.' Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJPMorgan Chase chairman and CEO Jamie Dimon is squarely focused on finding his successor.

Persons: Jamie Dimon's, Daniel Pinto, —, Jamie Dimon, Dimon, Jennifer Piepszak, Troy Rohrbaugh, Marianne Lake, Mary Erdoes Organizations: Service, JPMorgan, of Institutional Investors, Reuters, Business Locations: New York

☆ Here are Tuesday's biggest analyst calls: Apple, Costco, Nvidia, Palantir, Broadcom, Tesla, Amazon, Meta & more
▼ + stars: | 2024-09-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"We launch coverage of GE Aerospace with an Outperform rating, target price $201." (ELF) with a Buy rating and a 12-month price target of $175 per share." "We initiate with a Buy rating on Harmony , a commercial stage biotech focused on CNS [central nervous system] disorders." "We are initiating coverage of ProKidney Corp. (PROK) with a BUY rating and $6 price target." We are initiating coverage with a BUY rating and $600 price target."

Persons: Morgan Stanley, Apple, Tesla, it's, Bernstein, Riley, Wolfe, Stryker, BUD, JMP, Redburn, BTIG, Palantir, Goldman Sachs, Nutrien, Goldman, Cantor Fitzgerald, Cantor, Melius, Johnson, Guggenheim, it's bullish, D.A, Davidson, Meta Organizations: Apple, Apple Intelligence, Intelligence, Deutsche Bank, Deutsche, GE Aerospace, GE, Inc, Anheuser, Busch InBev, Oracle, Costco, Equity, Haemonetics, Plasma Solutions, Blood Center, Hospital Care Solutions, " Bank of America, Bank of America, UBS, Amazon, Harmony Biosciences, NTR, Nvidia, Broadcom, Johnson, Johnson Controls, ProKidney Corp

☆ I'm a former director of admissions at Cornell. Here are my 4 tips for writing a successful application for a highly selective college.
▼ + stars: | 2024-09-10 | by ( Ashley Couto | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a transcribed conversation with John Morganelli Jr., a former Director of Admissions at Cornell University and the current Director of College Admissions for Ivy Tutors Network, about his experience with admission to elite colleges in the United States. If you want to get into a US college and you wait until 10th and 11th grades, you may not have enough time to create the depth in the application you're looking for. Here are my insider tips from working as the director of admissions at Cornell University. Prospective major selection can impact your chancesWhen I was the Director of College Admissions at Cornell, managing institutional priorities was my biggest job. AdvertisementWhen you apply to a university, you first apply to the college: arts and sciences, engineering, or business college.

Persons: —, John Morganelli Jr Organizations: Service, Cornell University, Ivy, Network, Business, NYU, Cornell, Elite, UN, Ivy League Locations: United States

☆ Big investors worry the star managers they trust to run billions are getting distracted as the presidential election enters the homestretch
▼ + stars: | 2024-09-10 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Hedge fund managers and private equity executives have become the go-to sources for donations for both parties. AdvertisementBut for the industry's biggest names who have become involved in politics, personal interests and values drive their giving. Advertisement'It's a people business'Mercer's global chief investment strategist, Rich Nuzum, advises institutional investors with more than $16 trillion to invest. "You're probably alienating some potential investors," he said, and that puts all investors at risk if it impacts a manager's business health. While LPs prefer their managers stay out of the headlines, Griffin has not been shy in recent years about picking fights.

Persons: —, Ken Griffin, Donald Trump, Ron DeSantis, Griffin, Timothy Mellon, George Soros, Lone, Stephen Mandel, Jim Simons, Elliott's Paul Singer, Blackstone, Steve Schwarzman, Singer, Andrew, Rudy Koitchev, Rich Nuzum, Brian Payne, Payne, Chris Walvoord —, Nuzum, Soros, David Tepper, Mandel, Griffin waded, Zia Ahmed, Koitchev Organizations: Service, Republicans, Florida Gov, Business, SEI, BCA Research, Carolina Panthers, Appaloosa Management, Citadel, Citadel Securities, mater, Miami, city's Museum of Science, Industry, LCH Investments, Teachers Locations: Florida, Lone Pine, Washington, Harvard, Chicago, Afghanistan, Illinois

☆ The new Trump trade is bitcoin, price could top $80,000 if he wins election, according to Bernstein
▼ + stars: | 2024-09-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

As November's Election Day draws nearer, so does bitcoin's eventual breakout from this year's narrow trading range, according to Bernstein. "We expect bitcoin to claim back new highs, in case of a Trump win and by Q4, we expect bitcoin to reach close to $80,000-$90,000 range. However, if Harris wins, we expect bitcoin to break the current floor around $50,000 and test the $30,000-$40,000 range, which it was when the bitcoin ETF momentum started in Q4'2023." BTC.CM= YTD mountain Bitcoin year-to-date Standard Chartered has forecast a bitcoin rally to $150,000 if Trump wins. "After last 3 years of regulatory purge, a positive crypto regulatory policy, can spur innovation once again and bring the users back to financial products on the blockchain."

Persons: Bernstein, Donald Trump, Kamala Harris, Gautam Chhugani, Harris, Trump, Gary Gensler, Chhugani, Massachusetts Sen, Elizabeth Warren's, TD Cowen, Joe Biden's Organizations: Trump, Securities, Exchange, Democratic Locations: —, U.S, Q4'2023, Nashville, Massachusetts

☆ Money market funds hit another record high — but experts warn it's time to move out of cash. Where they see opportunity
▼ + stars: | 2024-09-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Assets in money market funds hit $6.3 trillion the week that ended Wednesday, another record high, according to the Investment Company Institute . The annualized 7-day yield on the Crane 100 list of the 100 largest taxable money funds is currently 5.08%. History shows that when investors do move out of money market funds, they move into fixed income over equities, he said. Institutional investors will also continue to move into money market funds as the Fed cuts rates because any cash they have in direct money market investments, such as Treasury bills, will be hit by rate cuts quicker than money market funds, explained Peter Crane, founder of Crane Data, a firm that tracks the industry. Once you have the appropriate cash needs set aside, consider moving any excess funds into fixed income, Jenkin said.

Persons: Mark Cabana, Peter Crane, Crane, Ted Jenkin, Jenkin, Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Falconio Organizations: Investment Company Institute, Bank of America, Federal Reserve, Institutional, Crane, CNBC, American Express, Bread Financial, UBS, U.S . Locations: UBS Americas

☆ Why Nvidia and Its Stock Have Developed a Cult-Like Following
▼ + stars: | 2024-09-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +13 min

I probably do not have to tell you that Nvidia has really blown up over the past few years. "If people were going to be going crazy about a stock, wouldn't it be this one?" Jack, a moderator of a subreddit dedicated to Nvidia's stock, finds some of the memes around Nvidia irksome. He said ChatGPT's capabilities reinforced his belief in his thesis around Nvidia and AI. I'm not a Nvidia true believer, but I'm apparently Nvidia curious.

Persons: Jensen Huang, Angelo Zino, Jim Cramer, Josh Brown, fanboys, Kamala Harris, I'm, Dan Ives, Huang, Daniel Williams, Williams, David, Goliath, Christopher Schwarz, that's, Axios, Felix Salmon, he's, Jack can't, It's, Berkshire Hathaway, Warren Buffett, Buffett, There's, Schwarz, Brown, Ted Mortonson, Baird, They've, cooly, they're, Mortonson, Ives, Elvis, Zack Morris, Taylor Swift, Chappell Roan, Emily Stewart Organizations: Nvidia, Wall Street, Woodstock, CFRA Research, CNBC, Ritholtz Wealth Management, Elon, NFL, Democratic, People, Wedbush Securities, Lebron, Davids, University of California, Paul Merage School of Business, Nvidia irksome, GameStop, GameStop —, Cisco, Department, Justice, ChatGPT, Business Locations: New York City, New York, Jack, Maine, Omaha , Nebraska, —

☆ Insider Today: Undercover millionaires
▼ + stars: | 2024-09-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. AdvertisementIn fact, Business Insider spoke with several millionaires who achieved their riches without using get-rich-quick tricks. Matt Harrison Clough for BITo banner, or not to bannerThe LinkedIn Open to Work banner makes some job seekers feel embarrassed. Amazon, Tyler Le/BIAmazon's AI conundrumAmazon's big new AI product is off to a rocky start. AdvertisementMessages and an internal memo seen by Business Insider show AWS employees raising concerns about the AI chatbot's performance.

Persons: —, Kevin O'Leary, Jim Harbaugh, Will Aaron Rodgers, that's, it's, Natalie Ammari, aren't, Matt Harrison Clough, Tyler Le, Jenny Chang, Rodriguez, Hemant Taneja, Commure, Steve Eisman Organizations: Service, Business, NFL, Kansas City Chiefs, Los Angeles Chargers, University of Michigan, New York Jets, Netflix, ESPN Bet, BI, Fidelity Locations: New York

☆ Pharrell’s Joopiter puts on sale of G-Dragon’s prized possessions
▼ + stars: | 2024-09-08 | by ( Mike Valerio | Stephy Chung | ) edition.cnn.com time to read: +3 min

The sale features dozens of items owned by G-Dragon – an avid collector of art, design and fashion – including works he created and customized himself. Williams’ auction house, Joopiter, is hosting the online sale and an accompanying exhibition, at the Daelim Museum. JoopiterJoopiter has collaborated with a slew of celebrities since Williams founded his “digital-first” auction house in 2022. “The wrong attitude is going in and trying to become a collector.”Nike x Peaceminusone Para-noise Air Force 1 sneakers encrusted with crystals featured in the G-Dragon auction. That is how you build a really beautiful, special collection.”She pointed to Joopiter’s inaugural auction — a sale of almost 50 items from Williams’ personal stash, that raked in over $5 million.

Persons: Louis Vuitton, Pharrell Williams, Williams, Frida Kahlo, Salvador Dalí, Pharrell, —, ” Williams, ”, Kwon Ji, Chanel’s, Joopiter Joopiter, it’s, “, Jackson, Caitlin Donovan, Joopiter, Donovan Organizations: South Korea CNN, Daelim, CNN, Nike, Force Locations: Seoul, South Korea, Yeezys, “

☆ Private equity will be able to invest in the NFL but won't have much say in team decisions
▼ + stars: | 2024-09-05 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

Last week, NFL team owners voted to allow an initial group of private equity firms to acquire up to a 10% stake of a franchise. "This isn't a case where private equity is going to come in and have influence on the franchise." Private equity has been eager to take stakes in sports as team valuations rise, mainly due to ballooning media rights deals. As investors, private equity firms often take management and board roles. Private equity investments typically have a set duration — it can range from three to seven years in many cases — and an expected return.

Persons: Ric Tapia, Steve Pagliuca, Shirin Malkani, Perkins, Anthony Mulrain, Toney, Angela Weiss, Michael Considine, Ellis, Jimmy Haslam, Mulrain, Eric Washington, Robin Alam Organizations: NFL, Los Angeles Rams, Houston Texans, NRG, Getty, National Football League, Bain Capital, CNBC, Washington, Denver Broncos, Carolina Panthers, Holland, Kansas City Chiefs, Philadelphia Eagles, Farm, Afp, National Basketball Association, Major League Baseball, National Hockey League, Major League Soccer, Kirkland, Cleveland Browns, Knight's, Buffalo Bills, Microsoft Locations: Houston, U.S, Glendale , Arizona, Holland

☆ New York Times publisher A.G. Sulzberger sounds the alarm on Trump using authoritarian anti-press ‘playbook’
▼ + stars: | 2024-09-05 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

New York CNN —A.G. Sulzberger, the New York Times publisher, sounded the alarm Thursday on the “quiet war” against press freedoms unleashed by authoritarians around the world and said Americans should understand the anti-media “playbook” that Donald Trump might employ in a second term. “The effectiveness of this playbook should not be underestimated,” Sulzberger wrote. “I believe the risk is shared by our entire profession, as well as all who depend on it,” he wrote. The collaboration makes a clear statement about the importance of solidarity in the face of existential threats to press freedom. “They’ve been a great partner on the cause of press freedom over many decades and it’s great to see that tradition continue.”

Persons: New York CNN — A.G, Sulzberger, authoritarians, Donald Trump, Trump, “, ”, ” Sulzberger, –, “ I’m, “ They’ve Organizations: New, New York CNN, New York Times, Times, Washington Post, Hungary —, Columbia, Trump’s, Post Locations: New York, Hungary, India, Brazil

☆ Nvidia is suddenly in trouble
▼ + stars: | 2024-09-04 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

CNN —Nvidia, the AI chipmaking titan that was briefly the world’s most valuable company, has suddenly found itself in an unfamiliar position: a major rut. Nvidia (NVDA) had the worst day in the history of the stock market Tuesday, as measured by loss in total market value. To put that shocking decline into context, only 27 companies on the planet are worth as much as Nvidia lost in value Tuesday. That’s why bulls like Wedbush’s Dan Ives believe Nvidia’s stock decline presents a buying opportunity. – CNN’s Ramishah Maruf contributed to this reportCorrection: Correction: An earlier version of this story incorrectly described TSMC's relationship with Nvidia.

Persons: Jensen Huang, ”, Biden, Kamala Harris, Donald Trump, Huang, Blackwell, “, ” Huang, Wedbush’s Dan Ives, ” Ives, –, Ramishah Maruf Organizations: CNN, Nvidia, Meta, McDonald’s, Chevron, Pepsi, BlackRock, Microsoft, Intel, US Justice Department, Bloomberg, Department of Justice, Justice Department, US Department of Justice, titans, Apple, Google, Nasdaq

☆ Bitcoin ETFs saw heaviest outflows in four months on Tuesday as crypto prices plunged
▼ + stars: | 2024-09-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Much of the initial enthusiasm surrounding bitcoin ETFs has dissipated in the last few months, following a blockbuster debut that broke records for the ETF market. Spot bitcoin funds now hold a total of around $52.6 billion in assets under management, $10 billion off their peak. As of the end of the second quarter, Wall Street banks and hedge funds were buyers of bitcoin ETFs. Goldman Sachs made its debut in the crypto ETF market in the period, purchasing $418 million worth of bitcoin funds. Of the investment bank's $1.5 trillion in assets under management, it held $189 million worth of spot bitcoin ETFs, down from roughly $270 million in the prior period.

Persons: Ark 21Shares, Bitcoin, Wainwright, Goldman Sachs, Morgan Stanley Organizations: outflows, Investors, SEC, Fidelity, JPMorgan Locations: U.S, Wall

☆ NBC ripped up its Olympics playbook for 2024 — so far, the new strategy paid off
▼ + stars: | 2024-09-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Mike Tirico is seen on the set of NBCUniversal Paris 2024 Olympics coverage on August 04, 2024 in Paris, France. We ripped up the playbook two years ago," said Jenny Storms, chief marketing officer of entertainment and sports at NBCUniversal. The 2021 Tokyo Olympics and 2022 Beijing Olympics drew the lowest-ever audiences for Summer and Winter Games, respectively. But notably the strategy for Peacock during those Games appeared to be the biggest misstep. "We made a claim that Peacock would be the home of the Olympics, and we didn't exactly deliver," said Mark Lazarus, chairman of NBCUniversal Media Group.

Persons: Mike Tirico, Comcast's NBCUniversal, Jenny Storms, Storms, Peacock, Mark Lazarus Organizations: NBCUniversal, Games, NBC, Olympic, U.S, Beijing, Olympic Games, Olympics, NBCUniversal Media Locations: Paris, France, Tokyo, Asia, Beijing

☆ Lionsgate Financing Partner Breaks Down Film and TV Funding Venture
▼ + stars: | 2024-08-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Film and TV investor Content Partners just announced a new financing arm at a time when some institutional investors are fleeing Hollywood. It kicked off with a deal providing debt financing to Media Capital Technologies to support its backing of Lionsgate's film slate. Content Partners Capital (CPC) is targeting up to five deals a year of up to $100 million each in debt financing for film and TV companies. Lordo said Content Partners saw a void to help entertainment companies that are stuck in a financing bind, unable to get bank or private-equity backing. The era of Peak TV is over: Big entertainment companies have reduced spending as streaming hasn't made up for losses in linear TV.

Persons: there's, Alphonse Lordo, Lordo, they've, Mark Cuban, Todd Wagner, It's Organizations: Service, Content Partners, Media Capital Technologies, Lionsgate, Starz, Business, Content Partners Capital, CPC, Truist Securities, Partners, Monroe, Fortress Investment Group, Media, Revolution Studios, CSI television Locations: Hollywood

☆ Americans under 30 are miserable compared to Boomers: 'The future is looking pretty bleak’
▼ + stars: | 2024-08-28 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +14 min

Haidt and other researchers argue that technology and social media have led to an epidemic of isolation and loneliness. Surgeon General Vivek Murthy named social media as one of the main reasons young people feel more alone. "Social media is not this monolithic experience where everybody experiences the same thing," he says. Navigating an uncertain futureHaidt proposes a few solutions for Gen Z and their parents to curb social media and smartphone reliance. It followed an announcement by the Los Angeles Unified School District that it will ban student cellphone and social media use starting next year.

Persons: Jonathan Haidt, Vivek Murthy, Murthy, Haidt, Zach Rausch, Haidt's, Rausch, —, Jeffrey Hall, Candice L, Odgers, That's, Mark Zuckerberg, Jennifer Breheny Wallace, Z, Kyle K, Moore, Wallace, that's, Orna, Guralnik Organizations: U.S, The, NYU's Stern School of Business, University of Kansas, Odgers, University of California, Affordable, Facebook, Meta, Social, Pew Research, Economic, Institute, Harvard University, University of Chicago, New, New York City Public Schools, Los Angeles Unified School District, CNBC Locations: U.S, defensiveness, United States, Irvine, New York City, New York

☆ AI will reshape the global labor force. Employers will need to help their workers keep up.
▼ + stars: | 2024-08-28 | by ( Tim Paradis | ) www.businessinsider.com time to read: +10 min

AdvertisementMissy Scalise has begun using AI to cut down on the amount of work she has to do after hours. In 2023, the World Economic Forum reported that employers expected 44% of workers' skills to be "disrupted" within five years. Another challenge with inserting AI into an organization is that it's often difficult to tell which skills workers possess and where they might need training. Charlotte Relyea, a senior partner at McKinsey & Co., believes that leaders need to plan now so they can better forecast the abilities workers will need. Leaders need to think about this as a transformation — what she described as "painting the picture of the future."

Persons: Missy Scalise, Ascension Saint, Suki, Scalise, Chesley Summar, Ravin, Mercer, Jesuthasan, It's, Jon Lester, Lester, it's, Julia Grace Samoylenko, Samoylenko, Gallup, Johnson, Elise Smith, Smith, They're, haven't, you've, Nathalie Scardino, Scardino, Charlotte Relyea, Relyea, she's Organizations: Ascension, International Monetary Fund, Economic, IBM, Johnson, Praxis Labs, Labs, McKinsey & Co, McKinsey Locations: Nashville, upskilling

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