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☆ AMC Move to Raise Cash Boosts Value of Theater Chain
▼ + stars: | 2022-12-23 | by ( Eric Wallerstein | Charley Grant | ) www.wsj.com time to read: 1 min

AMC says it will raise $110 million by selling preferred equity units to a hedge fund. The value of publicly traded AMC Entertainment Holdings Inc. equity securities jumped nearly 12% after the theater chain said it was raising cash and would ask shareholders to approve a 1-for-10 reverse stock split. The company said Thursday that it would raise $110 million by selling preferred equity units, known as APEs, to the hedge fund Antara Capital at a weighted average price of 66 cents each. The fund would also exchange $100 million of AMC debt for roughly 91 million additional units, AMC said.

☆ Scott Minerd, Guggenheim Partners’ Investment Chief, Dies at Age 63
▼ + stars: | 2022-12-22 | by ( Charley Grant | James R. Hagerty | ) www.wsj.com time to read: 1 min

Scott Minerd , an outspoken and influential fund manager who was chief investment officer of Guggenheim Partners, died Wednesday of a heart attack. Mr. Minerd, 63 years old and a committed weightlifter known to bench press more than 400 pounds, died during his daily workout, the firm said.

Bitcoin balances on crypto exchanges - where retail investors typically transact - have fallen to around 2.3 million from its 2020 all-time high of 3.1 million, exchange Bitfinex said. "There are signs that a significant number of retail investors have been discouraged to the point of exiting crypto entirely," Bitfinex analysts said. DAVID VS GOLIATHCrypto retail investors losing money is nothing new. A study from the Bank of International Settlements (BIS), conducted between 2015 and 2022, estimated that 73% to 81% likely lost money on their investments in cryptocurrencies. Eloisa Marchesoni, a trader who said she had about $2,000 on FTX she was unable to withdraw, is sure crypto will retain its attraction for smaller investors.

☆ VCs are abandoning supply chain tech — except for startups that can cut out the human
▼ + stars: | 2022-12-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

Venture capital funding of supply chain startups was down 56% year-over-year in the third quarter. Venture funding for supply chain startups in the third quarter fell to $3.3 billion — down 56% year over year and 37% compared to the second quarter, according to Pitchbook. Before the pandemic, supply chain tech startup funding grew by a few billion every year for most of the last decade. Nearly half of the cash invested in supply chain startups went to last-mile companies. A temporary reckoningVenture investment in other types of supply chain startups — like technology for trucking and broader supply chain management — traditionally doesn't reach the heights of delivery startups.

☆ After a slow start, the 2022 hurricane season roared in with memorable and destructive storms
▼ + stars: | 2022-11-30 | by ( Jennifer Gray | ) edition.cnn.com time to read: +8 min

CNN —As the hurricane season closes, a handful of blockbuster storms made history after an eerily quiet first half of the season gave false hope. In fact, we didn’t have any named storms from July 3 to August 31, the first time that’s occurred since 1941. One of those storms was Hurricane Ian, which hit land in late September and will go down as the most memorable storm of the 2022 season. “Tropical storms have formed in every month outside of hurricane season, and there have been a few hurricanes, too,” NOAA said. Historically, we’ve seen at least 15 named storms form in the month of December, even all the way up to December 30.

Lee County suffered none of the state’s 123 Irma deaths. That experience influenced many people’s decisions not to flee Hurricane Ian. “Hurricane Ian is going to be the strongest outreach messaging for southwest Florida ever,” said Gleason, the Charlotte County spokesman. “When you live through it, then that message sinks in deep and forever.”A view of the Matanzas Pass side of Estero Island, home to Fort Myers Beach, Fla. Fort Myers Beach is expected to take years to rebuild. Thomas Simonetti for NBC NewsMichael Yost's two closest friends in Fort Myers Beach drowned in Hurricane Ian.

☆ Wall Street activism is proving its influence on corporations. Just look at Disney's Bob Iger.
▼ + stars: | 2022-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Investors are still digesting the news that Bob Iger will reprise his role as the chief executive of Disney. Bob Iger, CEO of Disney Charley Gallay/Stringer/Getty Images1. On Sunday, Disney announced legendary leader Bob Iger would return to his post as CEO and replace Bob Chapek, even though Chapek just months ago signed a contract extension. Disney stock had plunged 21% since Chapek's appointment in February 2020. As long as these headwinds batter the stock market, investors are likely not going to sit idly by and watch what they believe to be mismanagement by corporate leaders.

☆ The death of Twitter won't be as messy as many expect. Here's what its demise could look like.
▼ + stars: | 2022-11-22 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Today, we're talking about what the downfall of Twitter could look like — and it's probably not what you think. Reporting from my colleagues Matt Weinberger and Kali Hays suggests the site probably won't crash and burn in spectacular fashion. The death of Twitter won't be the dramatic explosion you might expect. A leaked email shows Twitter employees must send Elon Musk weekly updates of everything they've worked on. In other Musk news, the billionaire told Twitter employees that he's done with layoffs for now, and he tweeted Monday that the Twitter Blue relaunch is on hold.

☆ Healthcare Stocks Offer Investors Refuge in Bruised Market
▼ + stars: | 2022-11-04 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

The pandemic has led to more than $150 billion in sales from new Covid-19 products, including vaccines. Soaring interest rates and a shaky economic outlook have hit stock prices this year. Health stocks are holding up better than most. The S&P 500’s healthcare sector index is down 7.9% in 2022, on pace for its worst year since 2008. Yet it is still outperforming the broader market by 14 percentage points, the widest gap since 2000, according to Dow Jones Market Data.

☆ Vince Dooley, longtime Georgia football coach, dies at 90
▼ + stars: | 2022-10-29 | by ( The Associated Press | ) www.nbcnews.com time to read: +9 min

ATLANTA — Vince Dooley, the football coach who carried himself like a professor and guided Georgia for a quarter-century of success that included the 1980 national championship, died Friday. “Our family is heartbroken by the death of Coach Dooley. He was one of a kind with an unmatched love for UGA!” current Georgia coach Kirby Smart wrote on Twitter. The field at Sanford Stadium was dedicated in his honor during the 2019 football season. At Georgia, Dooley coached a plethora of standout players — from Bill Stanfill to Scott Woerner to Rodney Hampton.

☆ Goldman Sachs Reports 43% Profit Drop, Confirms Reshuffling
▼ + stars: | 2022-10-18 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

Goldman Sachs Group Inc. said profit fell 43% in the third quarter, making it the latest Wall Street player to suffer from a deal-making drought. The bank said Tuesday that it earned $3.07 billion, down from $5.38 billion a year ago. Still, per-share earnings of $8.25 exceeded the $7.75 a share expected by analysts polled by FactSet.

☆ Goldman Shuffle Aims to Reduce Reliance on M&A
▼ + stars: | 2022-10-18 | by ( Charley Grant | Justin Baer | ) www.wsj.com time to read: 1 min

Goldman Sachs Group is so dependent on its investment bank that a slump in deal making sent third-quarter profit down 43%--by far the steepest slide among its big-bank peers. A broad restructuring announced Tuesday is meant to change that: Goldman will fold investment banking and trading into one unit and merge asset and wealth management into another—giving it a higher profile at the same time.

☆ Morgan Stanley Profit Falls for Third Consecutive Quarter
▼ + stars: | 2022-10-14 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/morgan-stanley-profit-falls-for-third-consecutive-quarter-11665750639

☆ Rising Rates, Uncertain Economy Expected to Take a Toll on Bank Profits
▼ + stars: | 2022-10-13 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

Wall Street is facing a bear market in stocks and bonds, while investors are also watching for signs that the U.S. economy is heading for recession. Banks are caught in the middle. The six largest U.S. banks are slated to report $27.6 billion in combined profit in the third quarter, a 26% decline from the same period last year.

☆ Beware, Florida homeowners. The worst is yet to come.
▼ + stars: | 2022-10-06 | by ( Dan Latu | James Rodriguez | ) www.businessinsider.com time to read: +10 min

They were paying $750 a month for the lot in a mobile-home park and couldn't fathom paying $7,200 a year for homeowners insurance, let alone additional protections for floods. (Flood insurance costs an average of more than $600 a year in Florida and can stretch even higher in high-risk areas.) But just 57% of those homes are covered by flood insurance, a Bank of America analysis of data from CoreLogic and the National Flood Insurance Program found. Some owners may not even know that they need a separate insurance policy for flooding, assuming it's covered by their homeowners insurance. Roughly a dozen firms that provide homeowners insurance in Florida have gone under in the past two years, The Washington Post reported.

☆ Mortgage Rates Rise to 6.7%, Highest Since 2007
▼ + stars: | 2022-09-29 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

Existing-home sales have dropped for seven months in a row through August. Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis that adds pressure to the already cooling U.S. housing market. The average rate on a 30-year fixed mortgage climbed to 6.7%, according to a survey of lenders released Thursday by Freddie Mac . lt was the highest rate since July 2007 and marked the sixth week in a row of rising rates. A year ago, rates were 3.01%.

Many of the most destructive and potentially deadly impacts of a hurricane — including storm surge, flooding and rainfall — are not accounted for in a storm's category number. "Hurricane Ian is a very large, slow-moving hurricane. "There have been several alternative scales proposed over the years and none have gained enough attention or traction by the National Hurricane Center," Collins said. "It is important to have such evidence before even proposing to the National Hurricane Center that this should be considered as a replacement." Kantha said the National Hurricane Center acts conservatively and carefully with changes, particularly those with legal implications.

☆ Factbox: The worst hurricanes in Florida's history as Ian takes aim
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +3 min

As Florida braces for Hurricane Ian, here are the five of the most deadly and destructive hurricanes to hit the state in recent years, listed in chronological order. While Hurricane Katrina in 2005 traveled across the southern tip of Florida, most of the deaths and destruction it caused were in New Orleans. Register now for FREE unlimited access to Reuters.com RegisterExcluding Katrina, Hurricane Irma was the costliest in Florida history, with total U.S. damage from the storm estimated at $50 billion. Andrew ranked as the most expensive storm in U.S. history until Hurricane Katrina raged through New Orleans in 2005. It left 6.5 million customers without power in the state and caused an estimated $50 billion in property damage, making it one of the costliest hurricanes in U.S. history.

☆ Here are some active advantages for the long-term ETF investor
▼ + stars: | 2022-09-25 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +3 min

Mid-Year 2022" report, highlighting the state of active management and how it performs against their benchmark. Despite this being the best year so far, the report found that 51% of large-cap active fund managers are underperforming. And that is why active management is so hard." While active management might be better suited for laborious strategies like playing the bond market, the lines between active and passive are becoming more blurred. Those choices are informed by emotion, and that is something that we battle a lot"On the topic of indexed funds, Colas also advised to not take active management for granted.

☆ Mortgage Rates Rise for Fifth Week in a Row, Hitting 6.29%
▼ + stars: | 2022-09-22 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

Mortgage rates rose for the fifth consecutive week, reaching yet again the highest level since the financial crisis. The average rate on a 30-year fixed mortgage climbed to 6.29%, according to a survey of lenders released Thursday by Freddie Mac . It was the second week in a row that rates topped 6%. The last time rates were this high was October 2008, when the U.S. was deep in recession.

☆ How Goldman Sachs Found a Friend in America’s Small Businesses
▼ + stars: | 2022-09-20 | by ( Charley Grant | Photographs Jose A. Alvarado For The Wall Street Journal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/how-goldman-sachs-found-a-friend-in-americas-small-businesses-11663672535

Lots of Americans decided during the pandemic they could do without the security of a regular check. Some say the path has been rewarding but challenging.

☆ A murit un cântăreț care a scris istorie. Milioane de oameni l-au apreciat
▼ + stars: | 2020-12-13 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

"Vocea lui baritonală şi simţul său artistic impecabil au influenţat cultura americană", se afirmă în acelaşi mesaj online.Născut pe 18 martie 1934 ca fiu al unui arendaş din Sledge, Mississippi, Charley Pride a devenit primul superstar de culoare al muzicii country şi, totodată, primul artist de culoare care a fost inclus în Country Music Hall of Fame.Între anii 1967 şi 1987, Charley Pride a lansat 52 de piese care au ajuns între primele 10 locuri ale topului country din Statele Unite, a câştigat trei premii Grammy şi a devenit cel mai bine vândut artist country al casei de discuri RCA Records, scrie realitatea.net. Printre cele mai cunoscute cântece ale sale se află piese precum "Kiss An Angel Good Mornin'" şi "Please Help Me I'm Falling".A fost recompensat de Country Music Association cu titlul de Artistul Anului în 1971, cu premiile pentru Cel mai bun cântăreţ în anii 1971 şi 1972 şi cu Premiul pentru întreaga activitate în 2020.A câştigat cel de-al patrulea premiu Grammy al său la gala din 2017, când a fost recompensat pentru întreaga activitate.Numeroşi artişti şi colegi de breaslă i-au adus un ultim omagiu prin intermediul unor mesaje publicate pe Twitter. Printre aceştia s-au aflat nume sonore din industria muzicală americană, precum Dolly Parton şi Billy Ray Cyrus.

Persons: baritonală, Pride, aceştia, Billy Ray Cyrus Organizations: Country Music Hall, RCA Records, Country Music Locations: Sledge, Mississippi, Statele Unite

☆ Charley Pride, primul star de culoare al muzicii country, a murit de COVID-19
▼ + stars: | 2020-12-13 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

"Vocea lui baritonală şi simţul său artistic impecabil au influenţat cultura americană", se afirmă în acelaşi mesaj online.Născut pe 18 martie 1934 ca fiu al unui arendaş din Sledge, Mississippi, Charley Pride a devenit primul superstar de culoare al muzicii country şi, totodată, primul artist de culoare care a fost inclus în Country Music Hall of Fame.Între anii 1967 şi 1987, Charley Pride a lansat 52 de piese care au ajuns între primele 10 locuri ale topului country din Statele Unite, a câştigat trei premii Grammy şi a devenit cel mai bine vândut artist country al casei de discuri RCA Records.Printre cele mai cunoscute cântece ale sale se află piese precum "Kiss An Angel Good Mornin'" şi "Please Help Me I'm Falling".A fost recompensat de Country Music Association cu titlul de Artistul Anului în 1971, cu premiile pentru Cel mai bun cântăreţ în anii 1971 şi 1972 şi cu Premiul pentru întreaga activitate în 2020.A câştigat cel de-al patrulea premiu Grammy al său la gala din 2017, când a fost recompensat pentru întreaga activitate.Numeroşi artişti şi colegi de breaslă i-au adus un ultim omagiu prin intermediul unor mesaje publicate pe Twitter. Printre aceştia s-au aflat nume sonore din industria muzicală americană, precum Dolly Parton şi Billy Ray Cyrus.

Persons: baritonală, Pride, aceştia, Billy Ray Cyrus Organizations: Country Music Hall, RCA, Country Music Locations: Sledge, Mississippi, Statele Unite

☆ Productivity tips from Elon Musk, Jeff Bezos and Steve Jobs
▼ + stars: | 2019-09-11 | by ( Taylor Locke | ) www.cnbc.com time to read: +5 min

Elon Musk eliminates excessive meetingsElon Musk speaks onstage during the E3 conference in Los Angeles on June 13, 2019. Charley Gallay | Getty ImagesElon Musk starts his day with his most critical work and schedules the rest of his day based on priority. Jeff Bezos makes quick decisionsAmazon Founder and CEO Jeff Bezos Mark Ralston | AFP | Getty ImagesIt's important to make "high-quality, high-velocity" decisions, according to Amazon CEO Jeff Bezos. Steve Jobs knew when to say 'no'Apple Inc.'s former CEO, the late Steve Jobs, announces the new iPad on January 27, 2010 in San Francisco, California. Justin Sullivan | Getty Images News | Getty ImagesAs Resume.io points out, Steve Jobs believed a key to productivity is knowing when to say "no."

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