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☆ Telegraph’s $750 mln price implies vanity contest
▼ + stars: | 2023-06-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +3 min

That’s the only way to explain a possible 600 million pound ($748 million) price tag for the Britain’s Telegraph Media Group (TMG). EBITDA hit 40 million pounds, up 5%, based on UK filings, while borrowings were minimal. Lloyds reckons the price tag could be as high as 600 million pounds, according to media reports. Japanese media group Nikkei bought the Financial Times in 2015 for 2.5 times the previous year’s revenue. Follow @pamela_msg on TwitterCONTEXT NEWSReceivers chosen by Lloyds Banking Group could put the Telegraph Media Group up for sale after its Bermuda-based parent company B.UK failed to repay bank loans.

Persons: Nick Hugh, EBITDA, Barclay, Sir Frederick Barclay, David, TMG, AlixPartners, Italy’s Agnelli, B.UK, Liam Proud, Oliver Taslic Organizations: Reuters, Britain’s Telegraph Media, Sunday Telegraph, Spectator, Lloyds Banking Group, Lloyds, Daily, Nikkei, Financial Times, Economist Group, Conservative Party, Telegraph Media, Telegraph, Sky News, Thomson Locations: Bermuda

[1/2] U.S. Supreme Court Associate Justice Clarence Thomas poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. REUTERS/Evelyn HocksteinWASHINGTON, June 7 (Reuters) - Conservative U.S. Supreme Court Justice Clarence Thomas, under scrutiny following revelations that he did not disclose luxury trips paid for by a billionaire Dallas businessman, has received an extension to file his mandatory annual financial disclosure, the court said on Wednesday. Some congressional Democrats have proposed imposing new ethics standards on the Supreme Court following reporting on conduct by some of the justices, in particular Thomas. Supreme Court justices are not bound like other federal judges by a code of conduct that includes avoidance even of the "appearance of impropriety." The three conservative justices appointed by former President Donald Trump drew additional income as law professors.

Persons: Clarence Thomas, Evelyn Hockstein WASHINGTON, Samuel Alito, Thomas, Harlan Crow, Crow, Frederick Douglass, Neil Gorsuch, Ketanji Brown Jackson, Jackson, Oprah Winfrey, Sonia Sotomayor, Sotomayor, John Roberts, Donald Trump, Gorsuch, Brett Kavanaugh, George Mason University's Antonin Scalia, Amy Coney Barrett, Roberts, Andrew Chung, John Kruzel, Will Dunham Organizations: U.S, Supreme, REUTERS, Conservative U.S, Judicial Conference, Politico, Liberal, Vogue, Random, Charter Communications, Texas, University of Notre Dame Law School, Thomson Locations: Washington , U.S, Dallas, Crow, Colorado, New York, Washington

☆ Cybersecurity ETFs gain steam as investors look for A.I. plays
▼ + stars: | 2023-06-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Since ChatGPT debuted late last year, investors have been looking for ways to play the AI craze. Cybersecurity stocks largely sat out the excitement around AI at the start of the year, but the group has started to gain traction in recent weeks. Since the end of April, the First Trust Nasdaq Cybersecurity ETF (CIBR) — the largest fund focused on the space — has risen nearly 11%. The Global X Cybersecurity ETF (BUG) has jumped almost 13%. BUG YTD mountain The BUG ETF has hit new highs for the year in recent weeks.

Persons: ChatGPT, Macquarie, Frederick Havemeyer Organizations: Nvidia, Trust Nasdaq Locations: Macquarie, Zscaler

☆ More people are picking up takeout orders themselves to save money and dodge high Uber Eats and DoorDash delivery fees
▼ + stars: | 2023-06-04 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

More customers are opting to pick up their orders from restaurants to avoid high delivery fees. Online orders account for nearly half of Dickey's sales, and she said third-party delivery orders as a proportion of these were down by 6.8% over the past year. Free delivery directly from the Dickey's website now made up 6% of sales, up by a fifth over the past year, Dickey added. To get the same thing delivered via Pizzeria Uno's website, which outsources it to DoorDash, the total is $22.98, including a $7.75 delivery fee. Prices for a cheese and tomato pizza on Pizzeria Uno's site for delivery via Doordash, Grubhub, and for collection.

Persons: DoorDash, Uber, —, Erik Frederick, –, I'm, Laura Rea Dickey, Dickey, Steve Heeley, Chris Kempczinski, Uno's Frederick, We've, Kempczinski, Gunther Plosch Organizations: Uno, Service, US Bureau of Labor Statistics Locations: Dickey's, Revere , Massachusetts, Arizona , Colorado , Indiana, Texas

☆ Michael Jordan's 1992 Olympic practice jersey up for auction
▼ + stars: | 2023-06-01 | by ( Jorge Garcia | ) www.reuters.com time to read: +1 min

LOS ANGELES, June 1 (Reuters) - A sweat-stained jersey worn by U.S. basketball legend Michael Jordan in a practice session at the 1992 Olympic Games will hit the auction block in Los Angeles in June, estimated to sell at between $400,000 and $600,000. The white jersey with red, white and blue trim and 'USA Basketball' on the front is signed by Jordan and will be auctioned as part of a "Sports Legends" collection of sports memorabilia and collectibles June 23-25. All of the proceeds from the auctioned Jordan collection will be donated to benefit a center for women and children's health in Nairobi, Kenya, said Julien's Gallery Director Kody Frederick. Other lots being offered at auction include a grass-stained soccer jersey worn by Brazil soccer legend Pele in 1971 and items from basketball star Kobe Bryant, boxer Floyd Mayweather, soccer star Diego Maradona, baseball legend Babe Ruth and tennis star Rafael Nadal. Reporting by Jorge Garcia, Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Michael Jordan, Jordan, Larry Bird, Magic Johnson, Kody Frederick, Pele, Kobe Bryant, Floyd Mayweather, Diego Maradona, Babe Ruth, Rafael Nadal, Jorge Garcia, Rosalba O'Brien Organizations: U.S, NBA, Thomson Locations: ANGELES, U.S, Los Angeles, Barcelona, Nairobi, Kenya, Brazil

☆ The Goldman Sachs trader known for speaking up about racism is leaving the bank, according to a report
▼ + stars: | 2023-05-30 | by ( Emmalyse Brownstein | Dakin Campbell | ) www.businessinsider.com time to read: +4 min

Frederick Baba is leaving Goldman Sachs months after becoming a partner, Bloomberg reports. The Goldman Sachs executive who spoke out about his experience as a Black trader on Wall Street is leaving the firm, according to a new report. Goldman Sachs declined to comment. After graduating in 2010, he went to work for the Global Electronic Trading Co., known on Wall Street as GETCO. That's part of the virtuous ecosystem of Goldman Sachs," he added.

David Solomon has been Goldman Sachs' CEO for over four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. Solomon said there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." Meanwhile, Solomon's expensive foray into consumer banking raised the ire of some longtime Goldman partners, as Insider has previously reported. The fresh faces among the Goldman Sachs executives who took the stage at the bank's investor day highlight the leadership changes under Solomon.

☆ When couples say they broke up over money, it's not the real reason, therapist says. Here's what is
▼ + stars: | 2023-05-25 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

Guralnik is the star of the Showtime documentary series "Couples Therapy," in which she analyzes real patients in a room with hidden cameras. While financial issues can spark intense conflict for couples, Guralnik doesn't believe money, or the lack of it, is the real reason they split up. "If you're refusing to look at your bank account when you're pulling out your credit card, you can accrue debt," Guralnik said. People are "shielding themselves from knowing reality" when they refuse to pay attention to their finances, Guralnik said. Two people in a relationship can have vastly different attitudes about money, Guralnik said.

Persons: Orna, he'd, doesn't, George Frederick Watts, Orna Guralnik, Guralnik doesn't, Guralnik, It's, what's, I'm, Kristi, Brock, Guralnik they're, Jamie Grill Organizations: Showtime, Finance, Guralnik

☆ Analysis: US debt ceiling deal could stall safety flight fueling megacap rally
▼ + stars: | 2023-05-19 | by ( David Randall | ) www.reuters.com time to read: +5 min

Their rally has been responsible for all of the 8.3% year-to-date gain in the S&P 500 (.SPX) through Wednesday's close, a Deutsche Bank report showed. A recent survey of global fund managers from BofA Global Research showed that 71% believe a deal to raise the debt ceiling will be reached before the X-date. Excitement over artificial intelligence, which has boosted some megacap names this year, is another factor that could support the category. At the same time, the debt ceiling has been only one of of several worries weighing on the market. Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, expects lawmakers will reach an agreement to extend the debt ceiling through September.

Wall Street's main indexes climbed to session highs by early afternoon trading as shares of Tesla Inc (TSLA.O) extended gains to rise 3.9% after its annual shareholder meeting on Tuesday. U.S. regional banks rose, led by a 14.0% rise in Western Alliance Bancorp (WAL.N) as the lender's deposit growth exceeded $2 billion and brokerage Bank of America Global Research resumed coverage of the bank with a "buy" rating. The KBW Regional Banking Index (.KRX) jumped 5.4% after losing 1.8% in the previous session, while S&P 500 banks (.SPXBK) added 3.4%. The S&P 500 retail index (.SPXRT) rose 1.3%. The S&P index recorded 12 new 52-week highs and 14 new lows, while the Nasdaq recorded 46 new highs and 99 new lows.

May 16 (Reuters) - French video game producer Ubisoft (UBIP.PA) posted the biggest operating loss in company's history on Tuesday but stuck to its guidance for the current financial year, citing a renewed focus on blockbuster titles. The maker of the hit "Rainbow Six" franchise posted a full-year non-IFRS operating loss of 500.2 million euros ($550.6 million), in line with a target announced in its January profit warning. The family-run firm has been dogged by game cancellations and delays in recent years, booking a writedown estimate of around 500 million euros in 2022 due to research and development expenses. The Paris-listed publisher confirmed its estimate for a full-year core profit of around 400 million euros, while forecasting first-quarter net bookings of around 240 million euros. ($1 = 0.9084 euros)Reporting by Victor Goury-Laffont and Enrico Sciacovelli; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Bill Gates: Here are ‘the 5 things I wish I was told at the graduation I never had’
▼ + stars: | 2023-05-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +5 min

Bill Gates never finished his undergraduate degree — the billionaire dropped out of Harvard University after three semesters to start Microsoft. Not much, personally, to be honest," Gates told students at Northern Arizona University's commencement ceremony on Saturday. If Gates had finished college, these are "the five things I wish I was told at the graduation I never had," he said. Gates did work at Microsoft for a long time: He was the company's CEO until 2000, and board director until 2014. 'Don't underestimate the power of friendship'One of Gates' biggest college regrets, he told Harvard students in 2018: Not being sociable enough.

Investors will look for clues on whether inflation is continuing to ease following the Labor Department's consumer price index (CPI) report on Wednesday. Shares of PayPal Holdings (PYPL.O) dropped and pressured the benchmark S&P 500 after the company cut its margin forecast. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2023. Under Armour Inc (UAA.N) fell 5.66% as the sports apparel maker forecast its annual sales and profit below street expectations. The S&P 500 posted 14 new 52-week highs and 14 new lows; the Nasdaq Composite recorded 77 new highs and 171 new lows.

☆ Party City is planning to close over 30 stores across the country — here's the full list
▼ + stars: | 2023-05-09 | by ( Avery Hartmans | Ben Tobin | ) www.businessinsider.com time to read: +5 min

Party City says it's closing over 30 stores after filing for Chapter 11 bankruptcy protection. Cartersville: Cartersville Crossing, 451 East Main St.IowaWaterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.IllinoisBradley: Bradley Commons, 2060 N. State Rte. 20Felch Street Shopping Center, 3050 Beeline Rd., Ste. L12East Hills Shopping Center, 3702 Frederick Ave., Ste. K2Five Points Shopping Center, 4101 Hwy.

Charles III has commissioned new works for his coronation, adding to the rich tapestry of pieces composed for the occasion. The first coronation music was likely sung chants, which, starting in 1603 with the coronation of James I, were refashioned into coronation anthems now with English text. Both have since become staples in the coronation service. And at the most recent coronation, comparisons between Elizabeth II and Charles III are unsurprisingly being made. Charles III’s coronation is set to usher in the new Carolean era, in the hopes that it will reflect its namesake Charles II and his contributions to art and music.

☆ What John Blake discovered when he met the White mother he never knew
▼ + stars: | 2023-04-30 | by ( John Blake | ) edition.cnn.com time to read: +25 min

It’s a story about my mother, and the White relatives who shunned me at birth—and still somehow became family. I now know one of the reasons my family didn’t tell me about my mom’s illness is because they didn’t know how. I vividly recall thinking as I looked at my mom: I didn’t know a White person could suffer like this. I saw White, Black, and brown people hug and call each other “brother” and “sister” after worship service. John Blake is a Senior Writer at CNN and the author of “More Than I Imagined: What a Black Man Discovered About the White Mother He Never Knew.”

☆ Trump Weighs Skipping Primary Debates
▼ + stars: | 2023-04-27 | by ( Neil Vigdor | ) www.nytimes.com time to read: +1 min

Citing a recent Emerson College poll, Mr. Trump noted that 62 percent of G.O.P. “He’s crashing and burning,” Mr. Trump said of Mr. DeSantis, suggesting that he had benefited in the past from his association with Mr. Trump but that he was now struggling to get a foothold on his own. Mr. Trump has never shied away from broadsides against other Republicans, something Ronald Reagan famously frowned upon in what became known as the 11th Commandment. And in New Hampshire, Reagan’s presidential library was a target for Mr. Trump, who questioned its selection as the venue for the second G.O.P. He pointed out that Frederick J. Ryan Jr., the publisher and chief executive of The Washington Post, another frequent Trump target, was chairman of the Ronald Reagan Presidential Foundation & Institute.

☆ Take a look inside the largest house in the US — a Vanderbilt's 130-year-old private mansion with 35 bedrooms, 43 bathrooms, and 65 fireplaces
▼ + stars: | 2023-04-26 | by ( Libertina Brandt | ) www.businessinsider.com time to read: +2 min

According to the property's website, the Biltmore House was built in the late 1800s by George Vanderbilt and features 35 bedrooms, 43 bathrooms, and 65 fireplaces. George Vanderbilt, a prominent businessman from the late 19th and early 20th century, began constructing the Biltmore House in 1889. Vanderbilt opened the Biltmore House in 1895. The Biltmore Estate, which now spans a total of 8,000 acres, is covered with gardens designed by American landscape architect Frederick Law Olmsted. The main house, America's largest, includes 35 bedrooms, 43 bathrooms, and 65 fireplaces.

☆ Trump suggested he won't attend a GOP presidential debate because the venue's board chair publishes the Washington Post. But he took part in the same debate in 2015.
▼ + stars: | 2023-04-26 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Donald Trump suggested he might not attend a GOP presidential debate at the Reagan Library. On Truth Social, Trump criticized the venue's board chair, who publishes the Washington Post. But, Trump participated in a debate at the same location, with the same board chair, back in 2015. But, despite his misgivings about Ryan's role on the board, Trump did participate in a previous GOP presidential debate at the Reagan Library in 2015. It's unclear if Trump actually plans to skip the Reagan Library debate, the date of which has not yet been announced.

☆ NHL roundup: Oilers prevail in OT, level series with Kings
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +4 min

Kevin Fiala contributed two assists as he made his playoff debut for Los Angeles after missing the past three weeks with a lower-body injury. The Oilers erased a 3-0 deficit by scoring three straight goals in the second period. After winning both games in Sunrise, the Presidents' Trophy winners will try to clinch the series in Boston on Wednesday night. Florida got goals from Tkachuk and Sam Bennett, with the goal by Bennett Florida's first successful power play of the series. Roope Hintz collected three assists for the Stars, giving him eight points (four goals, four assists) in the series.

☆ Inside the Wild World of Celebrity Keynote Speakers: Drugs, Alcohol
▼ + stars: | 2023-04-23 | by ( David Kushner | ) www.businessinsider.com time to read: +31 min

"I never saw myself as a speaker, let alone a motivational speaker," Leonard tells me while his assistant irons his jeans. 'When I ramble," Hunter told me, "hit me in the leg!" Every plane had been grounded, including the one stuck on the tarmac with an increasingly inebriated Hunter Thompson trapped inside. But by far the most all-consuming task was booking gigs for Hunter Thompson. Just before a debate with G. Gordon Liddy at Brown University, Hunter demanded that Betsy Berg, whom I now worked alongside at GTN, score him some crystal meth.

☆ Opinion | Tim Scott Faces Long Odds
▼ + stars: | 2023-04-22 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +2 min

Scott is obviously not the first Black person to vie for the Republican presidential nomination. That distinction goes to Frederick Douglass, who received one vote at the 1888 Republican convention. Alan Keyes ran for the Republican nomination in 1996, 2000 and 2008; Herman Cain ran and withdrew in 2011; and Ben Carson ran in 2016. Tim Scott, however, would be the first Black Republican officeholder to run for the party’s presidential nomination, should he move past the exploratory phase. Even then, there were few Black people elected to national office, with a total of eight serving between 1914 and 1965.

Coronations at Westminster Abbey go back almost one thousand years. Like Charles III, William had his coronation at Westminster Abbey. Gross says coronation blunders do not become truly significant for monarchs until their reign starts to go wrong. A “beautiful and symbolic” silver cross containing a piece of the so-called True Cross will lead King Charles’ coronation procession in London next month. Meanwhile, gun salutes will sound from military bases and ships at sea to mark the moment Charles is crowned King.

☆ In Harlem, a 19th-Century Home That’s Playfully Modern Inside
▼ + stars: | 2023-04-21 | by ( Vivian Marino | ) www.nytimes.com time to read: +1 min

(“I hired him to be a collaborative partner, then he became my partner partner,” she said.) The Harlem townhouse is going back on the market for $3.25 million, according to the listing brokers Stan Ponte and Colin Montgomery of Sotheby’s International Realty. Measuring around 4,900 square feet over four stories, the townhouse has five bedrooms, two full bathrooms and a powder room. “In the late 1800s it was a place for horses, and now it’s a place to park your car,” Mr. Montgomery said. “What was a luxury then is still a luxury today.”

☆ NHL roundup: Panthers stun Bruins to even series
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +3 min

Mandatory Credit: Winslow Townson-USA TODAY SportsApril 20 - Brandon Montour scored twice as a four-goal third period led the visiting Florida Panthers past the Boston Bruins 6-3 in Wednesday's Game 2 of their Eastern Conference opening-round playoff series. Montour is the first defenseman in Panthers history to record a multi-goal game in the postseason. Brad Marchand, Tyler Bertuzzi and Taylor Hall scored for Boston, which won the Presidents' Trophy with an NHL-record 135 points in the regular season. Stars 7, Wild 3Roope Hintz had three goals and an assist to help Dallas even its Western Conference first-round playoff series against visiting Minnesota in Game 2. He worked to the left circle and ripped a screened wrist shot just inside the far post for his first playoff goal.

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