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☆ Moor Insights’ Patrick Moorhead expects iPhone sales to take a hit in the future
  + stars: | 2023-05-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMoor Insights’ Patrick Moorhead expects iPhone sales to take a hit in the futureEvercore ISI’s Amit Daryanani, Moor Insights’ Patrick Moorhead and Pitt Capital’s Dan Eye, join 'Closing Bell: Overtime' to discuss Apple after the company reported better-than-expected earnings.
☆ Gwyneth Paltrow compares Brad Pitt and Ben Affleck relationships
  + stars: | 2023-05-03 | by ( Lisa Respers France | ) edition.cnn.com   time to read: +1 min
CNN —Gwyneth Paltrow discussing who was the better lover – Brad Pitt or Ben Affleck – probably wasn’t on your 2023 bingo card, but here we are. The Oscar-winning actress appeared on the podcast “Call Her Daddy” and dished on her past relationships with the two superstars. “Brad was like the sort of major chemistry, love of your life, kind of, at the time,” Paltrow said. “Ben was like technically excellent.”She still has fondness for both the men it appears, especially Pitt. “He’s a great guy,” Paltrow said of Pitt.
☆ Dow slides by almost 600 points as bank shares nosedive
  + stars: | 2023-05-02 | by ( Krystal Hur | ) edition.cnn.com   time to read: +1 min
The Dow fell about 550 points, or 1.6% by midday Tuesday. Western Alliance Bank fell about 16.3% and New York Community Bancorp declined 6.6%. Wells Fargo fell 3.9%, Citigroup slipped 2.3% and Bank of America declined 3.6%. Since investors are already expecting a quarter-point rate hike on Wednesday, Fed commentary will be the focus for markets, Eye said. Investors will be watching for clues about the state of credit conditions following three bank failures, as well as about the Fed’s planned trajectory for future rate hike decisions.
☆ Bidens host glamorous state dinner to cap off visit from South Korean president
  + stars: | 2023-04-27 | by ( Betsy Klein Sam Fossum | Betsy Klein | Sam Fossum | ) edition.cnn.com   time to read: +5 min
CNN —President Joe Biden and first lady Jill Biden capped South Korean President Yoon Suk Yeol’s official state visit with a glamorous state dinner at the White House Wednesday night to celebrate the two nations’ 70-year alliance. May we do it together for another 170 years.”But Biden wasn’t the only leader who took the mic. Following a round of musical performances, his South Korean counterpart joined him on stage to give his own – a karaoke rendition of Don McClean’s “American Pie” – which received a standing ovation from the crowd. The elaborate dinner is the result of weeks of careful diplomatic preparations, with each detail meticulously planned by a team of White House chefs, social staff, and protocol experts. U.S. President Joe Biden and first lady Jill Biden pose with South Korea's President Yoon Suk Yeol and first lady Kim Keon Hee in front of the Grand Staircase of the White House before an official State Dinner, in Washington, U.S. April 26, 2023.
☆ The live volcano sitting below Santorini
  + stars: | 2023-04-26 | by ( Elinda Labropoulou | ) edition.cnn.com   time to read: +11 min
CNN —Everywhere you look on Santorini, you’re reminded that you’re on a volcano. Few realize that beneath the hypnotic kaleidoscope of colors lies an active volcano. The East Mediterranean’s most active underwater, and potentially dangerous, volcano, Kolumbo, is five miles northeast of Santorini and part of the same volcanic system. They include a visit to the volcano of Nea Kameni: one of five islands that form the Santorini volcanic complex, and a national geological park in itself. A simmering volcanoTourists can take boat trips to Nea Kameni, home to an active volcano.
☆ Tree of Life Synagogue Massacre Trial Set to Begin in Pittsburgh
  + stars: | 2023-04-24 | by ( Kris Maher | ) www.wsj.com   time to read: 1 min
The Tree of Life synagogue was the site of the deadliest antisemitic attack in U.S. history. Photo: Gene J. Puskar/Associated PressPITTSBURGH— Carol Black has honored the memory of her brother who was killed in the Tree of Life synagogue attack by taking on roles he once performed at services and by attending Pitt football games in the seat he had occupied for 35 seasons beside hers. The three congregations that lost 11 members 4½ years ago in the deadliest antisemitic attack in U.S. history have largely grieved and tried to heal in private, supporting one another even as they joined the widening community of people scarred by mass shootings.
☆ Movie stars who draw audiences to theaters are getting older, raising questions about young Hollywood's star power
  + stars: | 2023-04-24 | by ( Ashley Rodriguez | ) www.businessinsider.com   time to read: +3 min
A new study found the actors who are most likely to draw audiences to theaters are getting older. Most of the top 100 actors — with 13 exceptions — were age 40 or older, according to the study. 10 among Gen Z), Zendaya (No. 14 among Gen Z), Michael B. Jordan (No. But older actors also ranked highly with younger cohorts, including Hart and Sandler, who were the third and fifth biggest box-office draws respectively for Gen Z.
☆ Seeking a Fresh Start in Connecticut: In a House or a Condo?
  + stars: | 2023-04-20 | by ( Lisa Prevost | ) www.nytimes.com   time to read: +3 min
Mr. Chiu, an internationally acclaimed pianist, often performed for their guests in the large, round music room. “Now there are a lot of organizations bringing together the arts, so we don’t need to maintain a separate venue,” said Ms. Esposito, 63, a corporate innovations consultant and an artist. Mr. Chiu, 58, also spends about a week every month in Pittsburgh, where he is a professor of piano at Carnegie Mellon University. “We spent a lot of time looking at and bidding on houses that were right on or near the water,” Ms. Esposito said. “We are looking at this long term,” Ms. Esposito said.
☆ A meteorite crashed in Maine. A museum there is offering a $25,000 prize for whoever finds it.
  + stars: | 2023-04-12 | by ( Associated Press | ) www.businessinsider.com   time to read: +3 min
The Maine Mineral and Gem Museum wants a piece of the rare meteorite for its collection. The unusually bright fireball could be seen in broad daylight around noon Saturday, said Darryl Pitt, chair of the meteorite division at the Maine Mineral and Gem Museum in Bethel. It's the first time radar spotted a meteorite fall in Maine, the space agency said. The Maine Mineral and Gem Museum wants to add to its collection, which includes moon and Mars rocks, Pitt said, so the first meteorite hunters to deliver a 1-kilogram (2.2-pound) specimen will claim the $25,000 prize. Pitt said the museum is also looking to purchase any other specimens found by meteorite hunters.
☆ Play defense with these fortress stocks in the second quarter
  + stars: | 2023-04-02 | by ( Michelle Fox | ) www.cnbc.com   time to read: +9 min
Bahnsen's investment philosophy focuses specifically on high-quality stocks that have a high dividend yield, along with consistent increases. One of his favorite plays is Procter & Gamble , which currently has a dividend yield of 2.5%. EOG has a 2.9% dividend yield and also has been paying a special dividend. Health-care names Names in the health-care sector are generally considered defensive. Quanta Services has a dividend yield on the lower end, at 0.2%.
☆ The Fed hiked rates further but Wall Street is already pointing to tighter conditions on the ground
  + stars: | 2023-03-23 | by ( Jason Ma | ) www.businessinsider.com   time to read: +6 min
Between fighting inflation or the bank crisis, the Federal Reserve leaned toward the former. Wednesday's move comes despite the bank crisis, which previously led investors to price in a series of Fed rate cuts starting this summer. Indeed, Wall Street has started pointing to the facts on the ground when it comes to financial conditions. The banks are still tightening credit conditions and … non-bank lenders are as well," he told Bloomberg TV hours before the Fed meeting. Billionaire investor Mark Mobius says he is "very, very skeptical" of investing in bank stocks.
☆ The stock market is amazingly in the green since the bank crisis broke out. Here's why
  + stars: | 2023-03-22 | by ( Michelle Fox | ) www.cnbc.com   time to read: +5 min
Despite the banking crisis, the S & P 500 is actually higher than it was the day before Silicon Valley Bank's troubles dragged the banking sector down. Crisis causes Fed to 'grip the wheel' The bank crisis is also seemingly affecting the Federal Reserve 's policy of raising interest rates, experts said. Yet on Wednesday, the Fed announced a 25 percentage point increase , while expressing caution about the banking crisis. "The banking crisis basically caused the Fed to grip the wheel with two hands and take a more cautious approach to its rate tightening policy," Stovall said. "Other areas of the economy, including larger companies who may maintain access to bank credit and public markets (and perhaps consumer relative to commercial borrowers) might then escape with less negative impacts," he said.
☆ Buy these 6 stocks to bet on the AI boom and future-proof your portfolio, according to a senior analyst
  + stars: | 2023-03-22 | by ( James Faris | ) www.businessinsider.com   time to read: +4 min
"I don't think there's any denying that AI is going to be the future," Jankowski said. 6 AI stocks to buyJankowski answered his own question by sharing six AI-focused stocks he's bullish on. "I don't think people realize or fully appreciate the sheer amount of computing capability it requires to run these programs and run AI," Jankowski said. Lastly, chipmakers whose silicon powers data centers will be among the biggest beneficiaries of the AI boom, Jankowski said. "We're looking at semiconductor companies — companies that focus on data centers," Jankowski said.
☆ Google asks London court to throw out lawsuit over medical records
  + stars: | 2023-03-21 | by ( ) www.reuters.com   time to read: +2 min
LONDON, March 21 (Reuters) - Google (GOOGL.O) asked London's High Court on Tuesday to throw out a lawsuit brought on behalf of 1.6 million people over medical records provided to the tech giant by a British hospital trust. The Royal Free London NHS Trust transferred patient data to Google's artificial intelligence firm DeepMind Technologies in 2015 in relation to the development of a mobile app designed to analyse medical records and detect acute kidney injuries. Google and DeepMind were sued last year by Royal Free patient Andrew Prismall on behalf of 1.6 million people for alleged misuse of private information. However, Prismall's lawyer Timothy Pitt-Payne said in court filings that every claimant "had their patient-identifiable medical records transferred ... and therefore suffered the same loss of control". "Every wrongful transfer of medical records merits an award of damages," he added.
☆ NCAA Tournament roundup: Fairleigh Dickinson makes history against Purdue
  + stars: | 2023-03-18 | by ( ) www.reuters.com   time to read: +7 min
Kobe Johnson supplied 13 points, nine rebounds and four assists, while the Trojans' usual leading scorer, Boogie Ellis, was held to six points. Vermont (23-11) was led by Robin Duncan, Dylan Penn and Matt Veretto who each scored 11 points. Jamarius Burton added 11 points and Greg Elliott had 10, as the Panthers advanced to face No. Jordan Hawkins chipped in 13 points, Donovan Clingan posted 12 and Andre Jackson Jr. supplied 10. Adrian Baldwin Jr. paced the Rams (27-8) with 13 points on 6-of-11 shooting.
☆ Hollywood faces a content reckoning: podcast
  + stars: | 2023-03-14 | by ( Jennifer Saba | ) www.reuters.com   time to read: 1 min
NEW YORK, March 14 (Reuters Breakingviews) - Netflix and other streaming giants are refocusing on profitability over subscriber growth. Listen to the podcastFollow @jennifersaba on Twitter(The host is a Reuters Breakingviews columnist. Subscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Studio A24 captures Oscar spotlight with big wins for best picture, acting
  + stars: | 2023-03-13 | by ( Dawn Chmielewski | ) www.reuters.com   time to read: +7 min
LOS ANGELES, March 13 (Reuters) - Independent studio A24 was the big winner at Sunday's Academy Awards, taking nine awards out of its 18 nominations, including best picture and all four acting prizes. The studio's "Everything Everywhere All at Once" won seven Oscars, the most of the evening, including best picture. However, Brendan Fraser took the best actor prize for A24's "The Whale," which also won for best makeup and hairstyling. Not since the heyday of Miramax in the 1990s has an independent studio garnered such attention, talent and box office success, entertainment industry insiders say. EVERYTHING EVERYWHEREThe first film A24 produced and financed, together with Brad Pitt’s Plan B Entertainment, was “Moonlight,” which won the Oscar for best picture in 2017.
☆ ‘Everything Everywhere All at Once’ studio A24 captures Oscar spotlight
  + stars: | 2023-03-10 | by ( Dawn Chmielewski | ) www.reuters.com   time to read: +6 min
LOS ANGELES, March 10 (Reuters) - A24, the independent studio behind such films as “Everything Everywhere All at Once” and "The Whale," is poised to dominate this year’s Academy Awards, eclipsing Hollywood’s established studios and awards-hungry streamers that are spending millions on Oscar campaigns. Not since the heyday of Miramax in the 1990s has an independent studio garnered such attention, talent and box office success, entertainment industry insiders say. EVERYTHING EVERYWHEREThe first film A24 produced and financed, together with Brad Pitt’s Plan B Entertainment, was “Moonlight,” which won the Oscar for best picture in 2017. The studio has garnered 53 Oscar nominations in less than a decade, including best picture nods for “Lady Bird, “Minari” and “Room.”A24's film slate has grown at the pace of its cash flow - starting with three movies in 2016 to 15 in 2022. This year, it’s on track to produce about 15 films for theatrical release, eight documentaries and 10 television shows.
☆ Black real estate developers get rare access to big capital through Philadelphia program
  + stars: | 2023-02-28 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Black Americans represent less than 5% of residential real estate developers, largely because they can't get equal access to capital, according to a recent report by the Urban Land Institute. Institutional capital – real estate investment trusts and private equity in particular – are the dominant players. Philly Rise is designed to recruit, train, support and open up access to capital. That's why he's been working in real estate for 20 years, developing affordable housing first in Delaware and Maryland, and soon in Philadelphia. "Our goal with our participants is not to teach them how to rehab or build brand new houses, but how to build successful real estate businesses," said Webster.
☆ Taylor Swift is the highest paid female entertainer in the world, earning $92 million in 2022
  + stars: | 2023-02-13 | by ( Morgan Smith | ) www.cnbc.com   time to read: +3 min
Taylor Swift is the highest paid female entertainer in the world, earning a cool $92 million in 2022 following the success of her 10th studio album "Midnights," according to a new report from Forbes. To determine the ranking, Forbes considers entertainers' total 2022 pretax earnings, minus fees for representation (managers, lawyers, etc.) While 2022 was a strong year for Swift, her annual earnings were still less than half of what the highest paid entertainers in the world, the progressive rock band Genesis, made last year. Altogether, Genesis earned $230 million in 2022, thanks to a $300 million music rights sale to Concord Music Group in September. There wasn't a single woman on Forbes's list of the top 10 highest paid entertainers in 2022 — the highest paid female entertainer, Reese Witherspoon, ranked 12th for making $115 million in 2021.
☆ Amazon Studios is growing fast and spending big on shows like 'Citadel,' but insiders say unclear creative direction, leadership shifts, and tech bureaucracy threaten to drive away staff and talent
  + stars: | 2023-02-10 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com   time to read: +20 min
The dust has been settling at Amazon Studios after a big reorg in the fall that solidified Jen Salke's power. Yet Amazon Studios faces major challenges. Amazon Studios' Head of Global Television Vernon Sanders told Insider that the goal is to deliver content with global cultural relevance. Amazon Prime VideoWhile spending on such big swings has soared, some insiders see far less budgetary support for underrepresented casts. "I do think people wonder what's the commitment to Amazon Studios," the current insider said.
☆ Brad Pitt's production company, Plan B, is not renewing its overall deal with Amazon Studios
  + stars: | 2023-02-07 | by ( Elaine Low | Lucia Moses | ) www.businessinsider.com   time to read: +2 min
Plan B, the production company cofounded by Brad Pitt, is not renewing its overall deal with Amazon Studios. In late 2022, French company Mediawan acquired a majority stake in Plan B. Brad Pitt's production company, Plan B Entertainment, is not renewing its overall deal with Amazon Studios, Insider has learned. Prime Video's "Paper Girls," produced by Plan B and Legendary Television, was canceled after one season. The move comes in the wake of a December announcement that French media company Mediawan had taken a majority stake in Plan B, with Plan B intending to operate as an independent content creator going forward.
☆ Los Angeles Gives Star Treatment to P-22, the ‘Brad Pitt’ of Mountain Lions
  + stars: | 2023-02-04 | by ( Alicia A. Caldwell | ) www.wsj.com   time to read: 1 min
LOS ANGELES—This valley is filled with celebrities, both gorgeous and aloof. The December death of one famous resident, who was a little bit of both, has provoked an unusually unrelenting outpouring of admiration. The icon is the city’s famous mountain lion, P-22, a stealthy native son-turned-antihero, whom many Angelenos felt they knew and certainly loved, though almost no one got close to.
☆ 'Avatar' director James Cameron, 'Top Gun' star Tom Cruise snubbed by Oscars
  + stars: | 2023-01-24 | by ( Dawn Chmielewski | ) www.reuters.com   time to read: +2 min
[1/5] Director James Cameron arrives at the world premiere of 'Avatar: The Way of Water' in London, Britain December 6, 2022. Cameron was joined - in omission - by another box-office standout, actor Tom Cruise, whose starring role in “Top Gun: Maverick” wowed audiences but was overlooked in the best actor category. Another notable snub from the best picture list was "Babylon," "La La Land" director Damien Chazelle's ambitious ode to old Hollywood. This year none of the nominees for best director are women. One of the most successful recording artists of the era, Taylor Swift, also was snubbed by the Academy.
☆ Here's why it's time to bet against a key sector of the market ahead of the coming recession
  + stars: | 2023-01-23 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
Today, I'm sharing a research note from one analyst who's eyeing a new bet to place against a corner of the stock market that offered refuge last year. He's talking about the S&P 500 Consumer Staples Sector SPDR Fund. In his view, the consumer staples sector, which served as a haven last year, presents a bubble about to burst. How much credence do you give to chart analysis for stock market outlooks? The stock market is about to be flipped upside down, according to Bank of America.
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