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July 18 (Reuters) - Morgan Stanley's profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter, and executives expressed optimism about the economic environment. Morgan Stanley (MS.N) shares rose more than 6%, shrugging off the 14% drop in profits. Excluding one-off items, Morgan Stanley earned $1.24 a share on revenue of $13.46 billion, comfortably beating estimates of $1.15 a share on $13.08 billion revenue, according to data from Refinitiv IBES. Still, "we expect investment banking to lead the recovery in the next quarter," she said. The Wall Street giant followed rivals including JPMorgan Chase and Citigroup in reporting tepid trading results.

Persons: Morgan, Morgan Stanley, James Gorman, Brennan Hawken‎, Sharon Yeshaya, Morgan Stanley's, James Shanahan, Edward Jones, Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, Tatiana Bautzer, Mehnaz Yasmin, Niket, Lananh Nguyen, Arun Koyyur, Louise Heavens, Nick Zieminski Organizations: UBS, JPMorgan Chase, Citigroup, Bank of America, Reuters, Thomson Locations: New York, Bengaluru

☆ Who is Elon Musk dating now? The answer isn't clear
▼ + stars: | 2023-07-18 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

It's not clear who, if anyone, Elon Musk is dating at the moment. Before Bassett, Musk dated Grimes for almost three years and before that, actress Amber Heard. But what about Elon Musk? Before Bassett, Elon Musk dated Grimes, an avant garde pop singer, whom he dated for almost three years and had two kids with. Felt nothing then," Heard told Hughes about the Musk relationship, according to Hughes' notes.

Persons: It's, Elon Musk, Natasha Bassett, Bassett, Musk, Grimes, Amber Heard, Jeff Bezos, Mark Zuckerberg, Tim Cook, Elon, Dixie Locke, Elvis Presley's, Baz Luhrmann's, Elvis, Shanahan, didn't, Maye Musk, Heard, Johnny Depp, Depp, Heard's, Dawn Hughes, Hughes, Talula Riley, Justine Wilson Organizations: Hollywood Life Locations: Australian, Los Angeles, Cannes, American

☆ Attorney who denied having an affair with Elon Musk says the scandal was 'humiliating' and 'utterly debilitating'
▼ + stars: | 2023-07-05 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Attorney Nicole Shanahan spoke out nearly a year after a scandal involving Elon Musk. Sources had told WSJ that Shanahan had an affair with Elon Musk while married to Google's Sergey Brin. Shanahan and Musk denied the affair, and Shanahan said the scandal was "utterly debilitating." "It was a conversation that was very meaningful about life and how people show up for one another," Shanahan told People. Shanahan, Musk, and representatives for Brin did not immediately respond to a request for comment from Insider ahead of publication.

Persons: Nicole Shanahan, Elon Musk, Shanahan, Google's Sergey Brin, Musk, Sergey Brin's, Brin's, Brin, she'd, Read Organizations: Elon, Street, Twitter, Journal, Echo Foundation, Stanford University, VC, Planeta Ventures

☆ Health-conscious millennials, Gen Zers are making cottage cheese cool again—but is it really that good for you?
▼ + stars: | 2023-06-30 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

That number has since fallen to 1.9 pounds of cottage cheese per person in one year in 2021, USDA data shows. But is cottage cheese— or any cheese for that matter— actually good for you? Compared to other cheeses, including American cheese, cottage cheese is a much healthier option because it's less processed, says Shanahan. "Cottage cheese is healthier than American cheese because it's fermented and has some live bacteria in there [like] yogurt has," she says. "I'm not confident to suggest cottage cheese would be significantly different than other types of cheese," Sun tells CNBC Make It.

Persons: Zers, Cate Shanahan, Shanahan, Qi Sun, I'm, Sun, wouldn't Organizations: NPR, U.S . Department of Agriculture, Shanahan, CNBC, Harvard, of Public Health Locations: TikTok, cheddar, Chan

An upcoming study from researchers at Stanford University offers a new way to trace far-flung smoke and pollution back to individual wildfires of origin. What’s burning in a wildfire determines what kind of pollution is in the smoke. Dr. Ford and others have studied wildfire smoke patterns, as well as the resulting exposure to particulate matter pollution. But the Stanford researchers have pulled off something new by putting the two together, she said, especially over so many years and so much land area. Aside from that, Dr. Lin thought the Stanford study would be very useful in figuring out the real human toll of wildfire smoke.

Persons: ”, Jeff Wen, Mr, Wen, Bonne Ford, it’s, Ford, John Lin, Lin, Stanford Organizations: Stanford University, Stanford, . Canadian Forces, Reuters, Seaboard, Colorado State University, University of Utah Locations: United States, U.S, Mistissini, Quebec, Georgia, Florida

☆ Tour Boat in Fatal Capsizing Was Unregulated and Had Tipped Before
▼ + stars: | 2023-06-15 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

After a tour boat capsized in a tunnellike cavern in western New York this week, killing a man and injuring nearly a dozen others, officials said they were investigating when the boat had last been inspected. The 300-foot canal in the dimly lit cavern, the Lockport Cave in Lockport, N.Y., is privately owned and is not a navigable body of water. As such, the narrow, flat-bottomed boat that was carrying 28 people on Monday operated in a regulatory limbo, officials said. Kathy Hochul directed her administration to “look at all possible ways to prevent future tragedies,” a spokesman said on Tuesday. But the governor’s spokesman, Matt Janiszewski, said that no state agency has jurisdiction over vessels in nonpublic, nonnavigable waterways.

Persons: Kathy Hochul, ”, Matt Janiszewski Organizations: U.S . Coast Guard, Buffalo News Locations: New York, Lockport, N.Y, U.S, Niagara Falls

☆ One Dead After Boat Capsizes on Underground Cave Tour, Officials Say
▼ + stars: | 2023-06-12 | by ( Ed Shanahan | Lola Fadulu | ) www.nytimes.com time to read: +1 min

One person died and more than a dozen others had to be rescued after a tour boat capsized Monday morning while carrying passengers through an underground cavern in western New York, prompting an all-out rescue effort, officials said. Twenty-nine people were on board when the boat tipped over at the Lockport Cave in Lockport, N.Y., Luca Quagliano, Lockport’s fire chief, said at a news conference. Emergency workers rescued 16 people from the water, Chief Quagliano said; the rest were able to get to safety on their own. In addition to the person who died, eleven people were hospitalized with minor injuries after being pulled from the water, Chief Quagliano said. The city’s police and fire departments and other public safety agencies immediately began rescue efforts, officials said.

Persons: Luca Quagliano, Quagliano, capsizing Locations: New York, Lockport, N.Y, Niagara Falls

☆ One Last Job? 60-Somethings With Mob Ties Charged in Jewel Heists
▼ + stars: | 2023-06-10 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

When four men were charged this week in the brazen armed robberies of two Manhattan jewelers, their ages suggested it might not be their first encounter with the criminal justice system. Among them, according to officials and court documents, the men have ties to the Genovese, Lucchese and Kansas City, Mo., crime families; a history of bank robberies, racketeering and killings; and a jailbreak reminiscent of a Hollywood movie. The defendants are Vincent Cerchio, 69; Michael Sellick, 67; Frank DiPietro, 65; and Vincent Spagnuolo, 65. The U.S. attorney’s office for the Southern District of New York charged the four with stealing $2 million in diamonds and other gems at gunpoint while dressed as construction workers to blend in on busy streets. A fifth man, Samuel Sorce, 25, of Florham Park, N.J., is charged with being a getaway driver in one of the heists.

Persons: Genovese, Vincent Cerchio, Michael Sellick, Frank DiPietro, Vincent Spagnuolo, Samuel Sorce Organizations: Lucchese, Kansas, Southern, of Locations: Manhattan, Kansas City, Mo, U.S, of New York, Florham Park, N.J

Once he was sworn in as president, Mr. Trump reimbursed Mr. Cohen. Rather than publish her account, the tabloid suppressed it in cooperation with Mr. Trump and Mr. Cohen, prosecutors say. Legal experts say that Mr. Trump and others appear to be at “substantial risk” of prosecution for violating a number Georgia statutes, including the state’s racketeering law. But if she were to prevail at trial, a judge could impose steep financial penalties on Mr. Trump and restrict his business operations in New York. Ms. James’s investigators questioned Mr. Trump under oath in April, and a trial is scheduled for October.

Persons: Donald J, Trump, Trump’s, Jack Smith, Alvin L, Bragg, Stormy Daniels, Michael D, Cohen, Daniels, Karen McDougal, McDougal, Brad Raffensperger, Biden’s, —, Emily Kohrs, “ You’re, ”, “, Willis, Jan, Mr . Biden, Smith, Mike Pence, Mark Meadows, Letitia James, Mr, James, Donald Jr, Eric, Jonah E, Rebecca Davis O’Brien, Michael Gold, Michael Rothfeld, Ed Shanahan, Richard Fausset, Ashley Wong Organizations: Capitol, Manhattan, National Enquirer, Mr, ., The New York Times, Justice Department, Trump, Prosecutors, White House, Trump White House, New York, Civil, New Locations: Manhattan, Georgia, . Georgia, Fulton County, United States, Washington, Trump’s, New, New York, Bromwich

Bad air can be dangerous, especially if you’re breathing it over a lifetime. In East Asia, years of chronic air pollution is one reason that wearing face masks was common well before the coronavirus pandemic. School children there are used to playing inside on bad air days. In South Korea, would-be presidents have made reducing air pollution part of their campaign platforms. In other cases, urban air has improved because of something that no one saw coming.

Persons: it’s, Paiboon, Rajasekhar Balasubramanian, ”, Lee Hyung, “ It’s Organizations: New York State, World Health Organization, National University of Singapore, World Bank, Mexico City Locations: Midwest, United States, Cities, Asia, Africa, America, New, Bangkok, South Asia, East Asia, Seoul, South Korea, China, Beijing, Indonesia, Southeast Asia, Mexico, New Delhi

☆ He Freed an Innocent Man From Prison. It Ruined His Life.
▼ + stars: | 2023-05-22 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

Mr. Salpeter sank into depression. Several clients complained to state officials that he had not provided them with written contracts or detailed reports of the work he had done. One, Marina Lebron, met Mr. Salpeter in August 2014. Ms. Lebron, whose husband was in prison for murder, was put off by how Mr. Salpeter bragged about his importance. The grievance was one of at least nine filed against Mr. Salpeter, state records show.

OMAHA, Nebraska, May 6 (Reuters) - Warren Buffett said on Saturday that Berkshire Hathaway Inc (BRKa.N) is not planning to acquire Occidental Petroleum Corp (OXY.N) but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected speculation that Berkshire would buy Occidental after having accumulated a 23.6% stake. "We will not be making any offer for Occidental," Buffett said. "Hollub is an extraordinary manager at Occidental," Buffett said. Last August, Berkshire won U.S. Federal Energy Regulatory Commission permission to buy up to 50% of Occidental's common stock.

☆ Berkshire Hathaway's annual meeting is here: What to expect from Warren Buffett and Charlie Munger
▼ + stars: | 2023-05-05 | by ( Yun Li | ) www.cnbc.com time to read: +7 min

Warren Buffett is set to kick off Berkshire Hathaway 's annual shareholder meeting Saturday before tens of thousands of adoring shareholders. Berkshire's annual "Woodstock for Capitalists" will be held in Omaha, Nebraska, the second straight in-person gathering after two virtual meetings during the pandemic. The question of Buffett's Activision stake is expected to come up at the annual meeting. Geico Berkshire shareholders will also be eager to learn more about what's next for auto insurer Geico , the crown jewel of Berkshire's insurance empire and Buffett's "favorite child." ESG issues There are a few ESG-related shareholder proposals being put to a vote at the annual meeting, including requiring Berkshire to publish an annual assessment of climate-related risks and publish data on its workforce composition by gender, race, and ethnicity.

☆ Robot Dog’s Work in Garage Collapse Should Quiet Critics, Adams Suggests
▼ + stars: | 2023-04-25 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

It was, according to its maker, the first U.S. use for the robot in such real-world circumstances. On the day of the collapse, Mayor Eric Adams hailed the digidog, which was dispatched with several drones to hunt for victims and bodies, saying it had enabled the search operation to proceed safely. On Tuesday, he cited its performance again, reiterating his commitment to using futuristic gadgets for public safety, despite critics’ concerns. “Some people call them toys,” Mr. Adams said at a news conference. And this is an administration that is not going to be fearful of using everything possible to save the lives of New Yorkers and to save the lives of first responders.”

☆ This couple spent $48,000 to convert their Portland, Oregon, home to 'net zero': 'The future is efficient and renewable'
▼ + stars: | 2023-04-22 | by ( Zachary Green Celia Fernandez | Zachary Green | In Zachary-Green-News | ) www.cnbc.com time to read: +3 min

When Ryan Shanahan, 41, decided to buy a house in Portland, Oregon, he knew from the start that he wanted his future home to be "net zero." To be net zero is to cut greenhouse gas emissions to as close to zero as possible, with any remaining emissions reabsorbed from the atmosphere, by oceans and forests, for instance, according to the United Nations. "My mantra is that the future is efficient, electric, and renewable," Shanahan tells CNBC Make It. To buy the house, Shanahan took advantage of a $15,000 forgivable loan from Oregon's Down Payment Assistance program. Shanahan purchased the house because it had design features needed to help reach his goal of making the house net zero.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTurning My Home Zero Energy For $48K In Portland, ORWhen Ryan Shanahan bought his home in Portland, OR in 2014, he dreamed of turning it into a net-zero house--one that would produce at least as much energy as it consumed in the course of a year. But retrofitting an over one-hundred-year-old structure into a eco-friendly building seemed like too much to hope for. But by 2020, he and his wife, Megan Milligan, had fully converted their home to net-zero, producing so much solar energy that their yearly electricity bill dropped from $1,100 to $285.

☆ They Called for Help With Bills. He Menaced Them Instead, Officials Say.
▼ + stars: | 2023-04-20 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

A minute later, according to the complaint, the man received a call from a blocked number and did not answer. The caller — who, the complaint says, was Mr. Jackson — left a profanity-laced message in which he threatened to shoot the man. When she picked up, Mr. Jackson addressed her with a common vulgarity before hanging up, the complaint says. A supervisor at the agency identified the voice in the messages left in July as belonging to Mr. Jackson, the complaint says. Mr. Jackson, 50, of the Bronx, was charged with three counts of aggravated harassment, a misdemeanor punishable by up to a year in jail.

☆ Short bets against TD Bank surge 45% in two weeks to hit $6.1 billion amid investor skepticism toward its planned First Horizon takeover
▼ + stars: | 2023-04-20 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Short equity bets against Toronto-Dominion surged to $6.1 billion on Wednesday, up 45% from two weeks earlier. That comes as the Canada-based bank faces investor skepticism over its planned takeover of First Horizon Bank. TD became the most-shorted bank in the world in early April as it faces a slew of headwinds. It comes as traders question the bank's planned takeover of US regional bank First Horizon, according to the publication. "I think that short interest was elevated by arbitrage investors betting on the (First Horizon) deal ... suggesting that the market believes that the deal is at risk of closing," James Shanahan, an analyst at Edward Jones told the outlet.

☆ Short positions on Canada's TD Bank rise to $6.1 billion, ORTEX data shows
▼ + stars: | 2023-04-19 | by ( Maiya Keidan | ) www.reuters.com time to read: +2 min

TORONTO, April 19 (Reuters) - Hedge fund bets against Canada's TD Bank Group (TD.TO) hit $6.1 billion on Wednesday, a 45% increase from 14 days ago, according to data provider ORTEX's calculations, one day ahead of the Canadian lender's annual general meeting. So-called 'arbitrage investors', many of which are event-driven hedge funds, bet on mergers and acquisitions by buying shares of the target and shorting the acquirer's stock. TD, which is awaiting regulatory approval of its takeover of First Horizon, is expected to address the $13.4 billion deal at its AGM on Thursday in Toronto. Hedge funds profit when they borrow a stock from an institutional investor and sell it back when the price falls, pocketing the difference, a practice known as short-selling. TD shares are down 0.1% since the U.S. regional banking crisis began, and up 3.4% this week.

☆ Oh Canada, is this the year the Stanley Cup comes home?
▼ + stars: | 2023-04-15 | by ( Steve Keating | ) www.reuters.com time to read: +5 min

Not since the Montreal Canadiens beat the Los Angeles Kings in 1993 has the Stanley Cup been paraded through a Canadian city, an ego-deflating run of failure that has scarred a generation of fans. After winning the Stanley Cup in 1967, Maple Leafs defenceman Larry Hillman allegedly jinxed the team, saying they would not win it again until the club settled a contract dispute and paid him the $2,400 plus interest he believed he was owed. The Maple Leafs' big misfortune is playing in the same division as the Boston Bruins, who this season set NHL records for wins (65) and points (135), and the Tampa Bay Lightning, Stanley Cup finalists for the last three years. These two teams are once again hurdles that must be cleared on the way to a Stanley Cup. When the playoffs open on Monday, the Oilers will be the first of the Canadian teams to hit the ice, hosting the Los Angeles Kings in Game One of their best-of-seven series.

☆ LinusBio is using strands of hair to revolutionize the autism-detection process. Check out the slideshow it used to raise $16 million from GreatPoint and Bow Capital.
▼ + stars: | 2023-04-14 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Healthcare startup LinusBio just raised a $16 million Series A funding round. The startup uses precision sequencing to detect autism and other complex diseases at birth. Disease detection and treatment startup LinusBio just raised a $16 million Series A funding round led by GreatPoint Ventures and Bow Capital. The startup diverges from startups like Elemy and Akili Technologies, which focus on treatment and support for people already diagnosed with autism. Check out the 16-page pitch deck LinusBio used to raise $16 million from VCs.

☆ Meet Blake Resnick, a 23-year-old college dropout who went on to win a Peter Thiel-backed fellowship, supplies drones to Ukraine, and is now worth over $100 million
▼ + stars: | 2023-04-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Blake Resnick, the founder and CEO of Brinc Drones, is now worth $100 million, per Bloomberg. After the shooting, he cold-called the lieutenant in charge of the Las Vegas SWAT team to ask about technology that could've helped the police identify and stop an active shooter. Born in Las Vegas to a doctor and a special education teacher, Resnick's adventures with science began early on in his childhood. At 14, he built a nuclear fusion reaction in his parent's garage in Las Vegas, according to a bio on his website. Perhaps unsurprisingly, Resnick features among the Forbes 30 under 30 list of achievers in the age group in 2021 and 2022.

☆ Warren Buffett's Berkshire Hathaway faces a brutal mix of economic headwinds. It will capitalize on the chaos, 8 experts say.
▼ + stars: | 2023-04-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +10 min

Berkshire Hathaway faces high inflation, rising rates, and a potential recession and credit crunch. Warren Buffett's company will weather the storm and scoop up the bargains that emerge, experts say. Experts say Berkshire's ample cash reserves, strong brands, and prudent management will enable it to comfortably navigate a harsh economic environment. "Shareholders who plan on holding Berkshire for years into the future should hope for a near-term bear market in stocks. Brian Gongol, longtime Buffett follower and Berkshire shareholder:"It's better to be in Berkshire's shoes during challenging times than during a boom.

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