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☆ Stocks making the biggest moves premarket: World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco and more
▼ + stars: | 2023-01-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

World Wrestling Entertainment — Shares advanced 9.7% after Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal. Shares dropped 14% premarket, after posting a 42% loss Thursday. Meanwhile, Ulta lost 1.8% after getting downgraded to under weight from equal weight. Bath & Body Works shed 1.7% after the firm moved it to equal weight from overweight. Discover Financial , Synchrony Financial — The consumer finance stocks were under pressure after being downgraded by Barclays to equal weight from overweight.

☆ Dow soars 700 points after December jobs and services activity reports boost hopes for Fed rate cuts
▼ + stars: | 2023-01-06 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

US stocks jumped Friday after December payrolls and services-sector data. The economic data showed signs of easing inflation, bolstering hopes the Fed will cut interest rates this year. The S&P 500 avoided a fifth consecutive weekly decline. Meanwhile, the Institute for Supply Management's services-sector report showed prices paid decelerated while services activity shrank for the first time since May 2020. Billionaire investor Leon Cooperman sees just a 5% chance the S&P 500 pares back the losses it's logged since March 2022.

☆ Thought last year was bad for crypto? From FTX to Silvergate, the red flags are flying for the year ahead.
▼ + stars: | 2023-01-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Those realizations came to head repeatedly in 2022 as crypto hacks and a wintry bear market crescendoed with the collapse of Sam Bankman-Fried's FTX. On a macro level, persistent recession fears make speculative assets such as tokens or tech stocks less enticing. More notable is crypto bank Silvergate's nearly 50% plunge Thursday, and the company's announcement it would cut 40% of its staff. Job cuts at Amazon and Salesforce signal the first necessary step in staging a turnaround for tech stocks. All told, analysts predict layoffs could catalyze a 20% rally for tech stocks in 2023.

☆ Wall Street Journal: Vince McMahon plots return to WWE
▼ + stars: | 2023-01-05 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

New York CNN —Vince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a hush money and sexual harassment scandal, is plotting a return to the WWE, the Wall Street Journal reported Thursday. The WWE has disclosed multiple expenses that McMahon hadn’t disclosed, totaling $19.6 million, which forced the company to revise its financial statements for 2019, 2020 and 2021. The Journal in July reported McMahon paid more than $12 million to four women, including the one from the prior report, to cover up “allegations of sexual misconduct and infidelity.”Now, the 77-year old McMahon is attempting a comeback. McMahon’s daughter, Stephanie McMahon took over as board chair and co-CEO after Vince McMahon’s retirement in July. WWE and Vince McMahon did not immediately respond to a request for comment.

☆ WWE shares jump as Vince McMahon stages comeback
▼ + stars: | 2023-01-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Vince McMahon is staging a comeback at World Wrestling Entertainment , months after he retired from the company over a sexual misconduct scandal. McMahon said that his return is necessary as the company gears up for negotiations over media rights and strategic alternatives. WWE, which styles itself as a media company, has been mentioned as a potential acquisition target. McMahon retired last year amid an investigation into payments the former CEO made regarding alleged instances of sexual misconduct. A special committee probe found that McMahon had paid nearly $15 million to four women over the course of 16 years in order to silence sexual misconduct allegations.

☆ WWE confirms former chief Vince McMahon's return to board
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

Jan 6 (Reuters) - Vince McMahon, the former chief of World Wrestling Entertainment (WWE.N), is returning to the board of the company that he transformed from a regional player in a highly fragmented industry of the 1980s to a global giant, WWE said on Friday. Shares of the entertainment firm rose about 16%, as WWE also said that it would explore strategic alternatives confirming an earlier statement by McMahon. McMahon, 77, said on Thursday that he expects to assume the role of executive chairman at WWE, to involve himself in the company's media rights negotiation process. The company did not state what position Vince McMahon would hold at the board. McMahon retired in July last year as the company's CEO and chairman, following an investigation into his alleged misconduct.

☆ Former WWE chief Vince McMahon plans return as executive chairman
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

Jan 5 (Reuters) - Vince McMahon, the former chief of World Wrestling Entertainment (WWE.N), plans to return to the company that he transformed from a regional player in a highly fragmented industry of the 1980s to a global giant, he said in a statement on Thursday. McMahon said that he expects to assume the role of executive chairman at WWE, to involve himself in the company's media rights negotiation process and review of strategic alternatives. McMahon, who has majority voting power in the company, has informed WWE that he is electing himself and two former co-presidents and directors Michelle Wilson and George Barrios to the board. The former executive, who ran the company for four decades, said that the only way for WWE to fully capitalize on growing demand for content and live entertainment was for him to return as executive chairman. McMahon retired in July last year as the company's CEO and chairman, following an investigation into his alleged misconduct.

☆ Take a look inside a greenhouse on the rooftop of a Whole Foods in Brooklyn — reducing emissions and food waste
▼ + stars: | 2022-12-31 | by ( Britney Nguyen | ) www.businessinsider.com time to read: 1 min

At a dinner with his eventual cofounder of Gotham Greens, Eric Haley, and Jenn Frymark, now the chief greenhouse officer, Puri said they learned the basil on their pasta had been flown in from Israel. Gotham Greens CEO Viraj Puri. Gotham Greens and Julie McMahon"At that moment, we knew that there was a clear need and purpose for our proposed business model of building farms closer to population centers," Puri said. After doing more research, they learned that most leafy greens grown in the US come from California and Arizona. "After traveling thousands of miles east, it's at least a week old and leaves a significant mark on the environment through carbon emissions and food waste along the supply chain," Puri said.

☆ Russia's war in Ukraine shows why troops need to learn to put their phones away, top US Marine general says
▼ + stars: | 2022-12-31 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

To do that, younger troops will have to unlearn some habits, the Marine Corps' top general says. New Marine recruits turn in cell phones at Marine Corps Recruit Depot San Diego in October. Targeting cell phones has been a feature of the fighting between Russia and Ukraine since 2014. Ukrainians and foreign governments have eavesdropped on Russian troops using unsecured phones to talk to each other and to their families in Russia. A Marine records a Drum and Bugle Corps performance at Marine Corps Air Station Beaufort in March 2014.

☆ Former WWE CEO Vince McMahon reportedly wants to make a comeback at the company, as he faces a new abuse allegation
▼ + stars: | 2022-12-13 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Former WWE CEO Vince McMahon wants to make a comeback, The Wall Street Journal reported. McMahon retired from the company in July amid a board investigation into misconduct allegations. WSJ reported a new accusation from a former spa manager, who claimed McMahon assaulted her. WWE did not immediately respond to a request for comment from Insider on McMahon's reported desire to make a comeback and the newly reported allegation from the spa manager. McMahon retired from WWE in July amid an investigation by the company's board into alleged payments made to other women who had accused McMahon of misconduct.

AbbVie and lawyers for the plaintiffs did not immediately respond to requests for comment. The lawsuit claims the settlements were so-called "pay for delay" deals that violated competition laws in 30 states and resulted in higher prices. The generic companies previously settled with the health plans for a combined $2 million. Allergan previously reached a $750 million settlement of antitrust allegations brought by direct purchasers of Namenda, such as drug distributors. The case is In re Namenda Indirect Purchaser Antitrust Litigation, U.S. District Court, Southern District of New York, No.

The first was Democrat Wes Moore, who beat Republican Dan Cox, becoming Maryland’s first Black governor, and only the third Black governor in the country. Black female candidates hoped to make history across gender and racial lines in several states, from Rep. Val Demings and Aramis Ayala in Florida to Chelsea Clark in Ohio and several women bidding to be the country’s first Black female governor. Although many of these key races ended in upsets for the Black female Democratic candidates, some states have ushered in new progressive representation. And in Massachusetts, Democrat Andrea Campbell beat out Republican Jay McMahon to become the state’s first Black female attorney general. “What we just saw in the midterms is that these Black women were able to inspire multiracial coalitions that enabled their wins.

Share this -Link copiedWisconsin Senate race too close to call Wisconsin's Senate race between GOP Sen. Ron Johnson and Democrat Mandela Barnes is too close to call, NBC News says. Vance wins Ohio Senate race, defeating Democrat Tim Ryan, NBC News projects COLUMBUS, Ohio — J.D. Ohio Republican Senate candidate J.D. Vance is leading The Senate race in Ohio is too early to call, NBC News says, but Republican candidate J.D. Share this -Link copiedGeorgia Senate race too close to call Georgia's Senate race is too close to call about three hours after polls closed at 7 p.m.

☆ WWE ends investigation into alleged misconduct by Vince McMahon
▼ + stars: | 2022-11-02 | by ( Mike Calia | ) www.cnbc.com time to read: +1 min

World Wrestling Entertainment said Wednesday that a special committee investigating alleged misconduct and secret payments by former CEO Vince McMahon had disbanded. "The Special Committee investigation is now complete and the Special Committee has been disbanded," the company said in a securities filing. "Management is working with the Board of Directors to implement the recommendations of the Special Committee related to the investigation." McMahon is still the biggest shareholder in WWE, and his daughter, Stephanie McMahon, is co-CEO. Almost $15 million were paid to settle sexual misconduct allegations from four women against McMahon over the past 16 years.

Brian Kemp to become the state’s first Black governor — she’d also be the first Black woman in the country’s history to hold a governor seat. In Maryland, Rep. Anthony Brown could be the state’s first Black attorney general if he defeats Republican Michael Peroutka. Smaller historic races include Rep. Karen Bass’ bid to become Los Angeles’ first Black woman mayor. Flowers would be the first Black woman to hold the office in Alabama, and she’s already made history as the first Black woman from either major party to win the nomination for governor. If successful, she would be the first Black woman elected to the chamber in the state’s history.

☆ WWE stock hits 52-week high, defying market trends, in aftermath of McMahon scandal
▼ + stars: | 2022-10-17 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

The company's stock is up more than 50% in 2022, hitting a 52-week high Monday, and trading at levels it hasn't seen since summer 2019. The stock continued to do well after the company's longtime leader and biggest shareholder, Vince McMahon, retired from the company over the summer in a cloud of scandal. WWE's market capitalization is over $5.6 billion. Analyst John Healy of Northcoast Research, who covers WWE, sees the stock's success a confluence of successful ratings, upcoming media deal opportunities, and the speculation of a possible acquisition. Given a highly saturated media market, Healy expects high bidding for the rights to "Raw" and "Smackdown," which are set to be renegotiated in the coming year.

☆ Digital LeBron vs. analog Mantle: Sports collectibles remain hot despite NFT boom
▼ + stars: | 2022-10-15 | by ( Jake Traylor | Jake Traylor Is An Associate Producer For Msnbc. | ) www.nbcnews.com time to read: +7 min

But amid a crypto winter, the future trajectory of the sports memorabilia market, tangible or NFT, is being disputed. Meanwhile, the success of NBA Top Shot, arguably the most successful sports NFT market, soared and eventually crashed. Millennials are driving the NFT market, according to a Morning Consult survey that found 42% of all NFT collectors are 26 to 40 years old. Some sports market experts argue that regardless of an NFT bounce back, tangibles and NFTs in the sports memorabilia market don’t compete with each other. “I don’t think that [NFTs] are going to eat into the physical memorabilia market,” said Pete Giorgio, leader of Deloitte Consulting’s global and U.S. sports practice, who tracks and forecasts the sports memorabilia market.

☆ MLB roundup: Guardians clinch AL Central title for first time since 2018
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +13 min

Hunter Dozier capped the Royals' scoring with an RBI single to make it 13-11 following Ryan O'Hearn's two-run double. Astros 6, Orioles 3 (11 innings)Christian Vazquez's two-run single capped a four-run 11th inning and visiting Houston defeated Baltimore. Jeimer Candelario followed Schoop's RBI single with a run-scoring single of his own. The White Sox's loss allowed the Cleveland Guardians to clinch their first American League Central title since 2018. Yadier Molina had an RBI single for the NL Central-leading Cardinals, who dropped consecutive games to the Dodgers after winning Friday.

☆ The chief investment strategist at a $42 billion firm shares 9 stocks that can weather a recession while boosting income
▼ + stars: | 2022-09-25 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +2 min

To build a steady flow of income, he's focusing on firms with high dividends and cash generation. McMahon shared 9 stocks that are both recession-resistant and can boost income streams. "It's going to be a tough, tough battle to get inflation down below 3%," said Brian McMahon, chief investment strategist at Thornburg Investment Management, which manages $42 billion in assets. Because this fund aims to deliver a consistent stream of income to its investors, McMahon particularly emphasizes investing in high-quality fixed income assets and dividend-paying equities. McMahon shared nine stocks for investors to consider that are both recession-resistant and can boost income streams.

☆ I just tried to buy altcoins in the UK and it was a nightmare. Here's how I ended up with $10 locked in an eToro account — and why I think it's a sign that crypto needs a bear market.
▼ + stars: | 2022-01-31 | by ( Kari Mcmahon | ) www.businessinsider.com time to read: +13 min

The crypto market has dominated headlines as the currency generated stellar returns. Since I was buying crypto in the UK, the process is slightly different than in the US. "eToro Wallet acts as the gateway between the eToro investment platform and the blockchain," said an eToro spokesperson in an email. Crypto needs a bear marketSo with $9.94 of hard-earned cash still sitting in my eToro account, I am left with a bitter taste in my mouth. Some of the most well-regarded crypto products in today's market, such as the FTX exchange and solana, were built in the last crypto winter.

☆ CBS News is mulling a shakeup to its anchor lineup
▼ + stars: | 2021-09-25 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +3 min

The talks are leading to speculation about potential changes for CBS star anchors Gayle King and Norah O'Donnell. CBS News is mulling changes to its talent lineup. One plugged-in TV executive hears that CBS is looking to create a broader or cross-company deal for King, though. CBS News is also circling NBC talent including MSNBC host Brian Williams and "Today" co-anchor Craig Melvin. A CBS executive shot down speculation, saying: "No one on that list is moving forward into an anchor job here, and Bill Whitaker already has one of the best anchor jobs in the business."

☆ Meet the GOP's biggest Hollywood donors
▼ + stars: | 2020-08-26 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +13 min

America First Action, the most notable super PAC backing President Donald Trump, has directly criticized Hollywood. Donors from Hollywood-area ZIP codes also rank among the most generous donors to key Republican senators, including Lindsey Graham of South Carolina and Marco Rubio of Florida. 3 donor ZIP code in the nation, trailing only ZIP codes in Houston and Palm Beach, Florida, which is home to his Mar-a-Lago Club resort. Bill Pugliano/Getty ImagesTrump continues to profit from HollywoodIn messages to supporters this year, Trump has decried "liberal HOLLYWOOD donors" and "MEGA HOLLYWOOD DONORS," while his son Donald Trump Jr. has castigated the "Hollywood Elite." As president, Trump's pension earned him more than $84,000 in 2017, about $91,000 in 2018, and about $78,000 in 2019, his personal financial disclosures showed.

☆ Meet the 2 college students running a 20,000-member online investing community
▼ + stars: | 2020-08-18 | by ( Business Insider | ) www.businessinsider.com time to read: +4 min

Chances are that, regardless of how accomplished you were at that age, you weren't running a 20,000-member online community on pace for $300,000 in annual revenue. Still undergraduates at Indiana University's Kelley School of Business, the duo are responsible for creating Eagle Investors, a wildly popular Discord server designed to help fellow Gen Z day-traders perfect their craft. If you aren't yet a subscriber to Investing Insider, you can sign up here. Going beyond Eagle Investors, the Investing team at Business Insider has continued to survey and analyze the rapidly changing market landscape. — Vishu Namburi, co-founder of online investing server Eagle Investors, discussing how inexperienced many young day-traders are — something his platform is designed to help with

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