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Mike Kratky, 33, Leerink PartnersLeerink PartnersSector: Medical devices and technologyKratky's young career underwent a major shift in March 2020 — and it wasn't remote work. The Colgate University graduate thinks he's a better analyst for it because he now understands how readers of his research think. "The stock calls won't always go my way," Kratky said. All eight of the outperform-rated medtech stocks Leerink has covered since October have outperformed the S&P 500 and their industry index. The medtech industry is experiencing rapid change, particularly with the advent of GLP-1 drugs that treat obesity and diabetes.

Persons: Mike Kratky, Kratky, Leerink, He's, he's, Kratky's, — James Faris Organizations: Leerink Partners Leerink Partners, Nasdaq, Riley Securities, Colgate University, Tandem Diabetes Care Locations: Leerink

☆ Abnormally Dry Canada Taps U.S. Energy, Reversing Usual Flow
▼ + stars: | 2024-06-03 | by ( Ivan Penn | Ruth Fremson | ) www.nytimes.com time to read: +1 min

In February, the United States did something that it had not done in many years — the country sent more electricity to Canada than it received from its northern neighbor. Then, in March, U.S. electricity exports to Canada climbed even more, reaching their highest level since at least 2010. The increasing flow of power north is part of a worrying trend for North America: Demand for energy is growing robustly everywhere, but the supply of power — in Canada’s case from giant hydroelectric dams — and the ability to get the energy to where it’s needed are increasingly under strain. Many energy experts say Canadian hydroelectric plants, which have had to reduce electricity production because of a recent drop in rain and snow, will eventually bounce back. “We’ve all got to be humble in the face of more extreme weather,” said Chris O’Riley, president and chief executive of the British Columbia Hydro and Power Authority, which operates hydroelectric dams in western Canada.

Persons: ”, Chris O’Riley, “ Organizations: North America, British Columbia Hydro, Power Authority Locations: United States, Canada, U.S, North

☆ 'Under the Bridge' explained: The real Rebecca Godfrey didn't actually hunt for Reena Virk's killers
▼ + stars: | 2024-05-30 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Hulu's "Under the Bridge" is based on Rebecca Godfrey's book about Reena Virk's murder. Godfrey is played by Riley Keough in the series as she aids the police in their investigation. AdvertisementHulu's "Under the Bridge" examines the 1997 murder of Reena Virk (Viritka Gupta) in Saanich, Canada. The show is adapted from Rebecca Godfrey's 2005 book of the same name. It stars Riley Keough as a fictionalized version of Godfrey, who helps the police investigate Virk's murder by trying to get the local teenagers to open up about what really happened.

Persons: Rebecca Godfrey's, Reena, Godfrey, Riley Keough, —, Viritka Gupta Organizations: Service, Business Locations: Saanich, Canada

☆ Graceland’s self-described scammer takes credit for attempted foreclosure sale of Elvis’ home
▼ + stars: | 2024-05-29 | by ( Isabel Rosales | ) edition.cnn.com time to read: +5 min

As with all scammers, it’s unclear whether the person who emailed CNN is actually behind the scheme. The foreclosure sale was ultimately blocked, and Naussany Investments dropped its foreclosure efforts. A self-proclaimed scam artistCNN reached out to the email address listed as the company representative in Keough’s lawsuit for comment. “We use innocents and we steal identity,” said the scammer in an email to CNN. Sunderman believes that quick payoff may have been the scammer’s goal, not a successful foreclosure on Graceland.

Persons: Elvis Presley’s, I’ve, ”, Graceland, Lisa Marie Presley, she’d, Riley Keough, Elvis ’, gregoryenaussanyniplflorida@hotmail.com, Gregory Naussany, scammer, Elvis Presley, Mark Sunderman, “, Presley, Sunderman, Jonathan Skrmetti Organizations: CNN, United Nations, Naussany Investments, Graceland, New York Times, Investments, Private, Shelby County, Times, University of Memphis, Civil Rights Museum, ” Locations: Memphis, Uganda, Kimberling City , Missouri, Shelby, Nigeria, Florida, California, Graceland, Tennessee, Shelby County

☆ Davis Riley: A week after his sister had surgery to remove a brain tumor, US golfer wins first individual PGA Tour event
▼ + stars: | 2024-05-27 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Davis Riley paid tributes to his sister, who is recovering from brain surgery to remove a tumor, and his former colleague Grayson Murray after winning the Charles Schwab Challenge on Sunday. 1 Scottie Scheffler and Keegan Bradley to win his first individual PGA Tour event by a five-shot margin. After undergoing scans, it was found that she had a brain tumor and underwent surgery upon recommendation from doctors. Although she couldn’t be in Texas to see Riley win his first individual PGA Tour event, Riley did her proud by putting in assured performance to earn himself a tartan jacket and the trophy. Riley plays a shot from a bunker on the 18th hole during the final round of the Charles Schwab Challenge.

Persons: CNN — Davis Riley, Grayson Murray, Charles Schwab, Riley, Scottie Scheffler, Keegan Bradley, he’d, Caroline, ” Riley, “ I’m, ”, Tim Heitman, Murray, Nick Hardy, Hardy, Riley’s, Alexandra, “ Davis, ” Hardy, “ Organizations: CNN, Colonial Country Club, PGA, PGA Tour, Zurich, New Locations: Texas, New Orleans

☆ Summer movie preview 2024: Sequels, some superheroes and more sequels are upon us
▼ + stars: | 2024-05-24 | by ( Dan Heching | ) edition.cnn.com time to read: +19 min

‘Summer Camp’ (May 31)Kathy Bates, Diane Keaton and Alfre Woodard in "Summer Camp." The movie, costarring Vanessa Hudgens, follows 2020’s “Bad Boys for Life” (it seems that title’s promise didn’t quite stick). The film looks dutifully creepy, and stars the talented Dakota Fanning (“Ripley”) as an artist who finds herself in a strange forest in Ireland. ‘Cuckoo’ (August 2)Hunter Schafer in “Cuckoo.” NEONStarring “Euphoria’s” Hunter Schafer in her first lead film role, this horror film looks positively creepy and a bit, well, cuckoo. ‘Blink Twice’ (August 23)A scene from “Blink Twice.” MGMJam packed with a starry cast, “Blink Twice” looks like a perfect late summer movie – attractive people, elaborate action sequences, and mindless mayhem.

Persons: Tom Burke, Anya Taylor, Joy, “, Max, ” Jasin Boland, Warner Bros . Pictures George Miller’s, Mad Max, Max Saga ”, Charlize Theron, ’, Furiosa, Chris Hemsworth, ‘, Garfield, Chris Pratt, Mario, “ Garfield, ”, Pratt, Samuel L, Jackson, Ving Rhames, Nicholas Hoult, Ted Lasso’s ” Hannah Waddingham, Brett Goldstein, Cecily Strong, Bowen Yang, ‘ Ezra ’, Robert DeNiro, Boby Cannavale, William A, Fitzgerald, “ Ezra, ” Wayferer, Robert De Niro, Bobby Cannavale, Rose Byrne, Whoopi Goldberg, Vera Farmiga, Tony Goldwyn, Ezra, Lokiz, Kathy Bates, Diane Keaton, Alfre Woodard, Quantrell Colbert, Eugene Levy, ” Keaton, Martin Lawrence, Will Smith, Frank Masi, Sony Pictures Will Smith, costarring Vanessa Hudgens, Georgina Campbell, Dakota Fanning, “ Ripley, Franka Potente, Tom Tykwer, “ Lola ”, –, Marks, Lola, Pixar’s Oscar, Riley, Amy Poehler, Maya Hawke, Stephen Fry, Lena Dunham, “ Wilde, Hong Chau, Jesse Plemons, Atsushi Nishijima, Oscar, Emma Stone, Yorgos Lanthimos, ” costarring Willem Dafoe, Margaret Qualley, Joe Alwyn, Mamoudou, Hunter Schafer, Jodie Comer, Austin Butler, Kyle Kaplan, Elvis, Butler, Costarring Tom Hardy, ‘ Thelma ’, Squibb, Fred Hechinger, Thelma, “ Thelma ”, Lupita, Gareth Gatrell, John Krasinski’s, Lupita Nyong’o, Joseph Quinn, Hounsou, Jamie Campbell Bower, Kevin Costner, Richard Foreman, Warner, ” Kevin Costner, Steve Carell’s, Well Ferrell, Mia Goth, Halsey, ” Justin Lubin, MaXXXine ”, Pearl ”, Elizabeth Debicki, Michelle Monaghan, Lily Collins, Giancarlo Esposito, Kevin Bacon, Scarlett Johansson, Channing Tatum, Dan McFadden, maven, Woody Harrelson costars, Longlegs ’, Maika Monroe, Nicolas Cage, Daisy Edgar, Jones, Anthony Ramos, Glen Powell, Melinda Sue Gordon, Bill Paxton, Helen Hunt, ‘ Deadpool, Ryan Reynolds, Hugh Jackman, Wolverine, Logan, Deadpool, Dìdi ’, Izaac Wang, “ Didi, ‘ Harold, Rel Howery, Benjamin Bottani, Zachary Levi, Harold, Hopper Stone, Crockett Johnson, “ Harold ”, “ Euphoria’s ” Hunter Schafer, Schafer, Dan Stevens, David “, ” Giraudy, Sean San José, Colman Domingo, “ Rustin, ” Colman Domingo, Domingo, ‘ Kneecap ’, ” Curzon, that’s, Michael Fassbender, Josh Hartnett, Ariel Donoghue, Sabrina Lantos, hasn’t, Taylor Swift, Justin Baldoni, Blake Lively, Nicole Rivelli, Colleen Hoover, Costarring Justin Baldoni, Jenny Slate, Hasan Minhaj, Cate Blanchett, Ariana Greenblatt, Kevin Hart, Florian Munteanu, Jamie Lee Curtis, they’re, “ Barbie, Romulus ’, David Jonsson, Andy, Romulus, Fede Alvarez, Priscilla ”, Spaeny –, Sigourney Weaver, Elliot Page, ” Elliot Page, Sam, Costarring Hillary Baack, Wendy Crewson, Channing Tatum’s, Naomi Ackie, Alia Shawkat, Kyle MacLachlan, Christian Slater, Haley Joel Osment, Geena Davis, Zoë Kravitz, Bill Skarsgard, Larry Horricks, Brandon Lee, James O’Barr, soulmate Shelly, Casey Affleck, Laurence Fishburne, Bleecker, Bleecker Street Laurence Fishburne, Saturn, ‘ Reagan ’, Dennis Quaid, Reagan, Rawhide Pictures Dennis Quaid, Ronald Reagan, Penelope Ann Miller, Nancy Reagan Organizations: CNN, Labor, Warner Bros . Pictures, Fury, Garfield, Mario Bros, Academy, ”, Sony Pictures, Warner Bros, Apple, Pixar, Searchlight, Magnolia Pictures, Squibb, “ Nebraska, Paramount Pictures, “, Sony, FBI, Lambs, Universal Pictures, Marvel, Century Fox, Disney, Columbia, Sundance, Warner Bros ., Lionsgate, Galaxy, Oscar, MGM, Bleecker Street, Rawhide Pictures Locations: Hollywood, New York City, Ireland, Berlin, “, Poland, Hong, 60s Chicago, “ MaXXXine, “ Longlegs, New York State, ‘, United States

☆ Israel-Hamas War and Gaza News: Latest Updates
▼ + stars: | 2024-05-23 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +4 min

Family members first saw the footage a few weeks ago via the Israeli military, which formally handed them a copy on Tuesday night, according to the Hostages and Missing Families Forum, which represents families of hostages held captive in Gaza. But hopes for immediate progress appeared remote in the shadow of Israel’s ongoing military operation in Rafah, in southern Gaza, from which over 800,000 Palestinians have fled, according to the United Nations. Image A still image from a video released by the Israeli military showing Israeli soldiers, all young women, during their abduction amid the Hamas-led attack on Oct. 7. Credit... Israeli forces operating in northern Gaza retrieved the bodies of four Israelis abducted on Oct. 7, heightening fears for the remaining captives. “The video is a damning testament to the nation’s failure to bring home the hostages, who have been forsaken for 229 days,” the Hostages and Missing Families Forum said in a statement.

Persons: “ I’m, ” Eli Albag, Liri, they’ve, ”, Benjamin Netanyahu’s, “, Israel Katz, Nahal Oz, heightening, Naama Levy, Agam Berger, Liri Albag, Karina Ariev, Daniela Gilboa, Yoav Gallant, Benny Gantz, Gantz, Yair Lapid, Dmitriy Khavin, Alexander Cardia, Riley Mellen Organizations: Israel’s, United Nations, Families, Reuters, The New York Times Locations: Gaza, “, Rafah, Ireland, Norway, Spain, Palestinian, Nahal, Palestine, Israel

☆ Attorney General looking into attempted foreclosure of Elvis Presley’s Graceland home
▼ + stars: | 2024-05-23 | by ( Isabel Rosales | Chris Youd | ) edition.cnn.com time to read: +3 min

CNN —Tennessee Attorney General Jonathan Skrmetti is looking into the attempted foreclosure auction of Elvis Presley’s iconic Memphis home, known as Graceland, by an alleged private investment company. On Wednesday, Naussany Investments and Private Lending LLC dropped its foreclosure efforts against Graceland. Danielle Riley Keough, Presley’s granddaughter and heir, filed a lawsuit earlier this month to halt the foreclosure sale claiming Naussany Investment’s paperwork was bogus and an attempt to defraud the family. Naussany Investments produced paperwork that Lisa Marie Presley defaulted on a $3.8 million loan, prior to her 2023 passing, and used Graceland as collateral, according to court documents. Even the notary public whose name appeared on the disputed document, told the court in an affidavit that they had never notarized Lisa Marie Presley’s signature.

Persons: Jonathan Skrmetti, Elvis Presley’s, Danielle Riley Keough, Presley’s, ”, Lisa Marie Presley, “ Lisa Marie Presley, Lisa Marie Presley’s, Presley, Elvis, Alicia Owens Organizations: CNN, Tennessee, Naussany Investments, State of, Graceland, Tennessee Department, Financial, Investments, Private, Department Locations: Memphis, Graceland, Shelby County , Tennessee, State, State of Tennessee, Tennessee, Kimberling City , Missouri

☆ It looks like someone tried to steal Graceland, possibly one of the dumbest crimes ever
▼ + stars: | 2024-05-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. New York CNN —We can’t be 100% sure that an obscure lending company just tried to steal Graceland. Her lawsuit says that the documents Naussany presented, including a 2018 notarized promissory note signed by Lisa Marie Presley, were forged. Even the notary public whose name appeared on the disputed document, told the court in an affidavit that no, they’d never notarized Lisa Marie Presley’s signature. (“Not acquire to proceed?”)It added: “There was no harm meant on Ms. Keough for her mothers LMP mis habits and mis managing of money.”(LMP, presumably, is Lisa Marie Presley.

Persons: CNN Business ’, Elvis Presley’s, —, Lisa Marie Presley, she’d, Naussany, Graceland, Riley Keough, Elvis’s, Keough, Mad Max Fury, Daisy Jones, ”, Naussany’s, Lisa Marie Presley’s, JoeDae Jenkins, Jenkins, ” Jenkins, Keough’s Organizations: CNN Business, New York CNN, Naussany, CNN, Naussany Investments Locations: New York, Tennessee, Graceland, Memphis, America, Shelby County, Naussany, Kimberling City , Missouri, Missouri

☆ Take a look inside Graceland, the Memphis mansion that Elvis Presley called home. His granddaughter is fighting a forced sale.
▼ + stars: | 2024-05-22 | by ( Amanda Goh | ) www.businessinsider.com time to read: +1 min

It's been 47 years since Elvis Presley died, but legions of fans still flock to Memphis, Tennessee, to see the sprawling Graceland estate the star once called home. Rock 'n' roll singer Elvis Presley stands in front of his Graceland estate. Michael Ochs Archives/Getty ImagesPer the official Graceland website, Presley lived in the mansion from 1957 until his death in 1977. Located off a highway that was renamed Elvis Presley Boulevard in 1971, the two-story residence sits on 13.8 acres of land. According to the website, it has hosted over 20 million visitors from across the globe.

Persons: It's, Elvis Presley, Michael Ochs, Presley, Presley's, Lisa Marie Presley, Lisa Marie's, Riley Keough Organizations: Michael Ochs Archives, Graceland, Naussany Locations: Memphis , Tennessee, Graceland, USA

☆ The future of Elvis Presley’s Graceland could be decided in court Wednesday
▼ + stars: | 2024-05-22 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

CNN —The future of Graceland, Elvis Presley’s historic Memphis home, could be determined in court Wednesday after a bizarre set of events set the late singer’s granddaughter against a mysterious company that claimed Elvis’ daughter gave it Graceland’s deed. In a signed affidavit, the notary public denied ever notarizing anything that Lisa Marie Presley had signed. An estate in disputeFollowing Lisa Marie Presley’s death, Keogh and her grandmother, Priscilla Presley, fought over the rights to her estate – including Graceland. In 2004, Lisa Marie Presley sold 85% of Elvis Presley Enterprises’ assets in a deal reportedly worth more than $100 million. Lisa Marie Presley annually earned seven figures from it, based on a court filing in her 2022 divorce.

Persons: Elvis, Elvis ’, –, Danielle Riley Keough, Keough, Lisa Marie Presley, Naussany, Presley, Naussany isn’t, ”, “ Lisa Marie Presley, Elvis Presley, “ Elvis Presley, Lisa Marie Presley’s, Keogh, Priscilla Presley, Graceland, Mad Max Fury Organizations: CNN, Chancery, Naussany Investments, Elvis Presley Enterprises, Graceland’s, Graceland Locations: Memphis, Shelby County , Tennessee, Graceland, Kimberling City , Missouri, Missouri, “

☆ The messy fight to see who really owns Elvis' Graceland is over
▼ + stars: | 2024-05-22 | by ( Grace Eliza Goodwin | Joshua Zitser | ) www.businessinsider.com time to read: +1 min

The company that insisted it owned the rights to Graceland told the AP it is withdrawing its claim. Elvis Presley's granddaughter Riley Keough had accused the company of fraud and forging documents. AdvertisementA bizarre legal battle over who actually owns Elvis Presley's Graceland estate came to an end on Wednesday, leaving the iconic site in the hands of the King of Rock and Roll's family. The company insisting it owned the deed to Graceland said it'll withdraw its claim on the estate, the Associated Press reported. Hours earlier, a Tennessee court had ruled in favor of Elvis' granddaughter, actor Riley Keough, who had been fighting to keep the property.

Persons: Graceland, Elvis Presley's, Riley Keough, —, King, it'll, Elvis Organizations: Service, Associated Press, Business Locations: Keough's, Tennessee

☆ Elvis’s Granddaughter Sues to Block Sale of Graceland, Charging Fraud
▼ + stars: | 2024-05-21 | by ( Matt Stevens | ) www.nytimes.com time to read: +1 min

Lawyers for the actress Riley Keough, the granddaughter of Elvis Presley, have sued to stop what they say is a fraudulent scheme to sell Graceland, the family’s cherished former home in Memphis. Court papers that Ms. Keough’s lawyers filed this month claim that a company planning to auction off Graceland is fraudulently claiming that her mother — Elvis’s daughter, Lisa Marie Presley, who died in 2023 — had borrowed money and put Graceland up as collateral. The papers say that the company, Naussany Investments & Private Lending LLC, “appears to be a false entity” and that the documents it presented about the loan were also fake. “There is no foreclosure sale,” Elvis Presley Enterprises, which operates Graceland, said in a statement, in which it also said that the lawsuit had been filed to “stop the fraud.”Graceland, a popular tourist attraction, is a major source of income for Elvis Presley Enterprises and the family trust.

Persons: Riley Keough, Elvis Presley, —, Lisa Marie Presley, “ Organizations: Graceland, Naussany Investments, Lending, Elvis Presley Enterprises Locations: Memphis, Graceland

☆ Elvis Presley's granddaughter Riley Keough is fighting to keep Graceland. Meet the King of Rock 'n' Roll's extended family.
▼ + stars: | 2024-05-21 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Keough did all her own singing for the show, proving that musical talent runs in the family. Riley Keough as Daisy and Sam Claflin as Billy in "Daisy Jones & The Six." However, her vocals were so strong that the music supervisor, Frankie Pine, was able to use her live singing during a pivotal scene in the series' eighth episode. "We ended up using so much of her live vocal in that moment," Pine told Business Insider. "Because it was the only way that I could get across the fact that she was out of her mind."

Persons: Keough, Riley Keough, Daisy, Sam Claflin, Billy, Daisy Jones, Lacey Terrell, Callie Ahlgrim, Frankie Pine, Pine Organizations: Business

☆ Elvis Presley's granddaughter is trying to halt the sale of Graceland, accusing those involved of using forged signatures
▼ + stars: | 2024-05-21 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

Riley Keough is fighting to stop the auction of Elvis Presley's Graceland estate. Lisa Marie Presley used Graceland as collateral when taking out a loan, per a public notice. AdvertisementElvis Presley's granddaughter, the actor Riley Keough, is fighting to prevent the auction of his iconic Graceland estate. Last week, a public notice announced the foreclosure sale of the Memphis property. According to the notice, the home was scheduled for a public auction on Thursday at the Shelby County Courthouse.

Persons: Riley Keough, Elvis Presley's, Lisa Marie Presley, Keough, — Organizations: Service, Trust, Naussany Investments, Lending, Business Locations: Memphis, Graceland, Shelby

☆ Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion
▼ + stars: | 2024-05-21 | by ( Riley De León | ) www.cnbc.com time to read: +1 min

Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. 12 on this year's CNBC Disruptor 50 list, has now raised $1.6 billion to date. Existing investors including Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia, Tiger Global Management, Greenoaks, and Wellington Management also participated in the round. Scale AI is playing a key role in the rise of generative artificial intelligence and large language models, with the data — whether it is text, images, video or voice recordings — needing to be labeled correctly before it can be digested and used effectively by AI technology. Scale AI has evolved from labeling data used to train models that powered autonomous driving to now helping to improve and fine tune the underlying data for nearly any organization looking to implement AI, powering some of the most advanced models in use.

Persons: Elad Gil, Y Combinator, Nat Friedman, Alexandr Wang Organizations: CNBC, Accel, Cisco Investments, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Color Genomics, Meta, Ventures, Founders Fund, Spark Capital, Nvidia, Tiger Global Management, Wellington Management Locations: San Francisco, AGI

☆ Elvis’ granddaughter fights Graceland foreclosure sale and alleges fraud
▼ + stars: | 2024-05-20 | by ( Raja Razek | ) edition.cnn.com time to read: +3 min

Lisa Marie Presley was the sole heir to Graceland and her father’s estate when he died in 1977, and its overall worth has now reportedly reached into the hundreds of millions of dollars. The lawsuit alleges Naussany Investments & Private Lending LLC “appears to be a false entity created for the purpose of defrauding.”CNN emailed Naussany Investments & Private Lending LLC and received an automated reply, “We are currently out of the office; we will resume normal business hours on Tuesday May 28, 2024.”Riley Keough, Elvis Presley's granddaughter. (Photo by Dia Dipasupil/Getty Images) Dia Dipasupil/Getty ImagesWhen CNN attempted to reach Naussany Investments & Private Lending LLC by phone, the number was no longer in service. “Naussany Investments has now scheduled a non-judicial sale of Graceland based on the fraudulent deed of trust,” the lawsuit reads. Lisa Marie Presley annually earned seven figures from it, based on a court filing in her 2022 divorce.

Persons: Elvis Presley’s, Danielle Riley Keough, Elvis, Keough, “, Lisa Marie Presley, ” Lisa Marie Presley, Elvis ’, ”, “ Lisa Marie Presley, Naussany, ” Riley Keough, Elvis Presley's, Dia Dipasupil, Graceland, Rolling, CNN’s Joe Sutton, Luciana Lopez, Alli Rosenbloom Organizations: CNN, Investments, Naussany Investments, ” CNN, Naussany, Lending, “ Naussany Investments Locations: Memphis, Graceland, Florida, Kimberling City , Missouri, Missouri, Shelby County , Tennessee

☆ Dow closes above 40,000 for first time ever
▼ + stars: | 2024-05-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

New York CNN —The Dow Jones Industrial Average closed above the 40,000 mark Friday for the first time in its 139-year history. To many Americans, “the Dow” simply means the stock market. Dow 100: The Dow first closed in triple digits in January 1906. Crash of 1929: The Dow fell 38 points on Oct. 28 and 31 more points the next day. Dow 30,000: Nov. 24, 2020: Covid sent the stock market plunging in the spring of 2020.

Persons: ”, Ryan Detrick, “, Hogan, Dow, Teddy Roosevelt, Richard Nixon, Trump, Covid Organizations: New, New York CNN, Dow Jones, Federal Reserve, Bureau of Labor Statistics, Carson Group, Dow, Nasdaq, Riley Financial, CNN, Wall, Microsoft, Chevron, Federal, Woolworth, Eastman Kodak Locations: New York, Chevron —

☆ Why we care so much about the Dow, the stock market’s dumbest index
▼ + stars: | 2024-05-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it. “Mention ‘the Dow’ and, to most people, that means the stock market,” said Art Hogan, chief market strategist at B. Riley Financial, in a note to CNN. It’s just an index that tracks the stock market activity of 30 large US companies, from Amazon to McDonald’s to the Walt Disney Company. Market capitalization measures the total value of a company on the stock market.

Persons: Dow, ”, Hogan, It’s, “ Dow Jones ”, “, Nick Colas, you’re, ” Colas, Daniel Alpert, wasn’t, Goldman Sachs, Colas, I’ve, ” Alpert Organizations: New, New York CNN, Dow Jones, Dow, Riley Financial, CNN, Walt Disney Company, Westwood Capital, Standard Oil, US Steel, Microsoft, Apple Locations: New York, Amazon, Silicon

☆ Dow crosses 40,000 for the first time
▼ + stars: | 2024-05-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —The Dow broke past the 40,000 threshold Thursday morning for the first time ever, fueled by an encouraging inflation report. It also highlights a notable contrast between sentiment on Wall Street and Main Street. Dow 100: The Dow first closed in triple digits in January 1906. The Dow nearly matched that in 2017, rising 25%. Dow 30,000: Nov. 24, 2020: Covid sent the stock market plunging in the spring of 2020.

Persons: Dow, stoking, ”, Gary Pzegeo, John Williams, Tom Barkin, ” Tyler Schipper, Thomas, Hogan, Teddy Roosevelt, Richard Nixon, Trump, Covid Organizations: New, New York CNN, Markets, Federal Reserve, Bureau of Labor Statistics, CIBC Private Wealth, ”, Walmart, Airlines, Big Tech, York Fed, Reuters, Richmond Fed, Dow, University of Michigan, CNN, CPI, University of St, Riley Financial, Wall, Microsoft, Chevron, Traders, New York Stock Exchange, Getty, Federal, Woolworth, Eastman Kodak Locations: New York, United States, Minnesota, Chevron —, AFP

☆ Stocks making the biggest moves after hours: Chubb, Cisco Systems, Palo Alto Networks and more
▼ + stars: | 2024-05-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Chubb became Berkshire's ninth biggest holding at the end of March, according to a new regulatory filing. AST SpaceMobile — Shares rocketed 33%. Cisco Systems — Shares jumped nearly 5% after the IT giant reported fiscal third-quarter adjusted earnings of 88 cents per share on revenues of $12.70 billion. The results topped analysts' estimates for earnings of 82 cents per share on revenues of $12.53 billion, according to LSEG. Palo Alto Networks — The cybersecurity company saw its stock rise 1% after announcing it will buy cloud security software assets from IBM .

Persons: Chubb, Berkshire Hathaway, Riley, Hawkins —, — CNBC's Scott Schnipper Organizations: AST, Cisco Systems —, Riley, Management, Alto Networks, IBM, Palo Alto Locations: Zurich, Los Angeles, Hawkins — The Minnesota, Palo

☆ These are the new meme stocks getting the most buzz on message boards
▼ + stars: | 2024-05-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Meme stocks are back, and the mania is actually spreading far beyond GameStop and AMC Entertainment . The latest frenzy was triggered by a single post on social media site X from "Roaring Kitty," the man who inspired the epic meme stock mania in 2021. Quiver Quantitative , an alternative data analytics firm, looked to find all the meme stocks that are popular among the Reddit traders. A few names associated with the artificial intelligence boom also became popular meme stocks, including voice AI and speech recognition company SoundHound AI , AI IT services firm BigBear.ai and Super Micro Computer , a maker of servers. Other under-the-radar meme names included B. Riley Financial, Spirit Airlines , Tilray Brands and Smart for Life.

Persons: Smart, Riley Organizations: GameStop, AMC Entertainment, Marathon Digital, IT, Micro, Nvidia, Riley, Spirit Airlines, Tilray

☆ 'The economy and stock market have never seen anything like this': There's an unprecedented number of recession signs flashing, veteran strategist says
▼ + stars: | 2024-05-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The US economy and stock market are on a clear path to recession, according to Paul Dietrich. The B. Riley Wealth Management CIO pointed to a handful of warning signs that suggest a downturn is on the horizon. The final blow to the economy could be the US pulling back on stimulus spending, he warned. AdvertisementThere's a large number of warnings flashing for the US that suggest the economy is on a near-certain path to recession, according to B. Riley Wealth's chief investment strategist Paul Dietrich. In a recent note, he pointed to a cluster of warning signs in the economy, such as hotter-than-expected inflation throughout the first quarter and greater volatility in the market.

Persons: Paul Dietrich, —, Riley Wealth's, Dietrich Organizations: Riley Wealth, Service, Wall Street, Business

☆ Warren Buffett's selling stocks like Apple as he sees trouble ahead — but he'll spend if markets crash: elite strategist
▼ + stars: | 2024-05-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett is cashing in stocks like Apple because he knows the good times won't last — but he'll spend big once disaster strikes, a veteran strategist says. AdvertisementThe conglomerate's disposals fueled a $21 billion increase in its stack of cash and Treasurys to a record $189 billion. Related storiesDietrich underscored that as a value investor, Buffett prizes underpriced assets and avoids expensive ones. Apple, which remains Buffett's largest stock holding by far, has more than tripled in value since he finished building the position in 2018.

Persons: —, Warren Buffett, Paul Dietrich, Riley Wealth, Buffett, Dietrich, He's, Jeff Bezos, Jamie Dimon, Meta's Mark Zuckerberg, he'll, Goldman Sachs, Davidson Organizations: Service, Apple, Business, Berkshire Hathaway, Berkshire, Walmart, downturns, Electric, Dow Chemical Locations: Berkshire

☆ New York Democrat who sharply criticizes Israel faces ouster threat
▼ + stars: | 2024-05-12 | by ( Edward-Isaac Dovere | Manu Raju | ) edition.cnn.com time to read: +16 min

By December, he was standing with hunger strikers outside the White House, upping his criticism of the actions in Gaza. Shelley Mayer, a state senator whose district largely overlaps with the congressional district, initially backed Bowman. New York state Sen. Shelley Mayer at a state Senate Judiciary Committee hearing in April 2023, in Albany. Explaining how his response to the Israel-Hamas war fits his district, Bowman cited a poll conducted by his campaign that he claimed showed an overwhelming majority in his district support a permanent ceasefire. The Democratic Majority for Israel (DMFI) has endorsed Latimer and is expecting to spend to boost him.

Persons: Jamaal Bowman’s, Manu Raju ”, Jamaal Bowman, Israel’s, Israel, Bowman, upping, He’s, Benjamin Netanyahu, Joe Biden, Netanyahu, Shelley Mayer, George Latimer, Sen, Hans Pennink, ” Mayer, “, ”, We’ve, ” Bowman, Rashida Tlaib, Jonathan Jackson, Cori Bush, Nathan Howard, Biden, Chuck Schumer, –, New Yorker, Usamah Andrabi, Jeenah, Latimer, Jimmy Carter, Hakeem Jeffries, Kevin Riley, Riley, Israel doesn’t, ” Latimer, he’s, he’d, ‘, ’ ” Bowman, Amy Paulin, it’s, ” Paulin, Jamaal, Mandel Ngan, Latimer hasn’t, Patrick Dorton, Jeremy Ben, Ami, Ben, ” Ben, Steny Hoyer, Hoyer, ” Hoyer Organizations: CNN, Democrat, United Nations, J, New York Democrats, Democratic, Westchester, Republican, Capitol, Fox News, ”, Reps, House, Iron, Democratic Socialists, America’s, Michigan Rep, Palestinian, Israel, American Israel Public Affairs Committee, New, George Latimer voters, Democrats, Washington Post, House Democratic, Conservative, Getty, Jewish Voters, Empowerment, Black, AIPAC, PAC United Democracy, Democratic Party, ” Maryland Locations: Gaza, Bronx, Westchester County, That’s, New York, Washington, Israel, Washington groaned, George Latimer . New York, Albany, Palestine, Palestinian, York, Palestinian American, ”, White Plains , New York, Yonkers, Rye, Brooklyn, Westchester, Scarsdale, Washington ,, AFP

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