2 days ago
Although the evolution of artificial intelligence (AI) has been the hottest trend in decades on Wall Street, it's not the only catalyst lifting the broader market. Investor euphoria for high-profile stock splits has also played an important role.
A stock split allows a public company to alter its share price and outstanding share count by the same factor without affecting its market cap or underlying operating performance. Within a span of just eight days, two historic AI stock splits were announced by Meta Platforms (NASDAQ:META) and Sandisk (NASDAQ:SNDK), which are set to undertake their first-ever forward splits, respectively.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
Until recently, Mark Zuckerberg's Meta was the only member of the "Magnificent Seven" that hadn't split its stock. That changed with the company's Oct. 21 quarterly report, which unveiled the creation of a new class of stock.
#signal
A stock split allows a public company to alter its share price and outstanding share count by the same factor without affecting its market cap or underlying operating performance. Within a span of just eight days, two historic AI stock splits were announced by Meta Platforms (NASDAQ:META) and Sandisk (NASDAQ:SNDK), which are set to undertake their first-ever forward splits, respectively.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
Until recently, Mark Zuckerberg's Meta was the only member of the "Magnificent Seven" that hadn't split its stock. That changed with the company's Oct. 21 quarterly report, which unveiled the creation of a new class of stock.
#signal
2 days ago
Bad news for "Star Wars" fans: Adam Driver is squashing any possibility of returning as Kylo Ren to the galaxy.
On a recent episode of "The Rich Eisen Show," Eisen asked Driver if he thought he'd ever play the villain in the franchise again. The "Girls" actor responded: 'Yeah, it's over… No more 'Star Wars.'" We "tried to do one more," said Driver "but they're like, 'No, he's dead,'" referring to Disney studio executives Bob Iger and Alan Bergman, who rejected a screenplay for a standalone movie centered on Kylo Ren that he'd pitched with Steven Soderbergh.
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#star #studio #rich
On a recent episode of "The Rich Eisen Show," Eisen asked Driver if he thought he'd ever play the villain in the franchise again. The "Girls" actor responded: 'Yeah, it's over… No more 'Star Wars.'" We "tried to do one more," said Driver "but they're like, 'No, he's dead,'" referring to Disney studio executives Bob Iger and Alan Bergman, who rejected a screenplay for a standalone movie centered on Kylo Ren that he'd pitched with Steven Soderbergh.
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#star #studio #rich
3 days ago
Adam Driver wants to thank fans for supporting "The Hunt for Ben Solo," but the "Star Wars" actor thinks his days as Kylo Ren are over.
"It's over," Driver said on Wednesday. "No more 'Star Wars.' We tried."
The actor appeared on "The Rich Eisen Show" to talk about his upcoming film, "Paper Tiger," which premiered at Cannes Film Festival earlier this year. During the interview, Eisen asked if he planned on returning to the sci-fi/fantasy franchise, which prompted Driver to discuss "The Hunt for Ben Solo," a sequel to "The Rise of Skywalker" that he and Steven Soderbergh worked on that ultimately wasn't picked up by Disney.
"We tried to do one more, yeah, but they were like, 'No, he's dead,'" Driver said, referring to Ben Solo's demise in "Episode IX."
"Yeah, I know, but, I mean, these things, you can make anything up," Eisner responded. "I don't know if you're aware Darth Vader turned out to be somebody's father, you know? That came out of nowhere back in the day."
#solo #actor
"It's over," Driver said on Wednesday. "No more 'Star Wars.' We tried."
The actor appeared on "The Rich Eisen Show" to talk about his upcoming film, "Paper Tiger," which premiered at Cannes Film Festival earlier this year. During the interview, Eisen asked if he planned on returning to the sci-fi/fantasy franchise, which prompted Driver to discuss "The Hunt for Ben Solo," a sequel to "The Rise of Skywalker" that he and Steven Soderbergh worked on that ultimately wasn't picked up by Disney.
"We tried to do one more, yeah, but they were like, 'No, he's dead,'" Driver said, referring to Ben Solo's demise in "Episode IX."
"Yeah, I know, but, I mean, these things, you can make anything up," Eisner responded. "I don't know if you're aware Darth Vader turned out to be somebody's father, you know? That came out of nowhere back in the day."
#solo #actor
3 days ago
Tesla (TSLA) and **** eX (SPCX) stock fell on Wednesday after Democrats took control of both houses of Congress in a "Blue Wave" that flipped Texas, home to both companies, with potential implications for CEO Elon Musk.
Musk spent $224 million backing Texas Republicans, including $158 million in September alone, per The New York Times, part of at least $446 million he gave to Republican candidates and groups before the vote. Democrat Gina Hinojosa unseated Gov. Greg Abbott to become the first Democratic governor of Texas since 1990, and Democrat James Talarico beat Republican Ken Paxton for the Senate seat.
Tesla and **** eX both dropped by over 2% despite the broad market rally, which includes Big Tech.
"Both of these stocks have major headline risk if we get a blue sweep," Vikram Rai of FirstNew York told Bloomberg ahead of the election.
#tesla #democrat
Musk spent $224 million backing Texas Republicans, including $158 million in September alone, per The New York Times, part of at least $446 million he gave to Republican candidates and groups before the vote. Democrat Gina Hinojosa unseated Gov. Greg Abbott to become the first Democratic governor of Texas since 1990, and Democrat James Talarico beat Republican Ken Paxton for the Senate seat.
Tesla and **** eX both dropped by over 2% despite the broad market rally, which includes Big Tech.
"Both of these stocks have major headline risk if we get a blue sweep," Vikram Rai of FirstNew York told Bloomberg ahead of the election.
#tesla #democrat
3 days ago
(Bloomberg) -- President Donald Trump's social media company and meme coin both plunged after Democrats won a decisive victory in the midterm elections, dinging the multibillion-dollar fortune of a president whose slew of new business ventures became a defining feature of his second term.
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3 days ago
Andrew Garfield originally intended to play Mark Zuckerberg in 2010's The Social Network before Jesse Eisenberg took on the role, while Garfield instead played Facebook co-founder Eduardo Saverin
Garfield is reflecting on the experience now that he is playing another majorly impactful tech CEO in Artificial as OpenAI's Sam Altman
Artificial, Garfield's new movie about the company behind ChatGPT, is in theaters Dec. 25
Andrew Garfield's role as Facebook co-founder Eduardo Saverin in The Social Network is still on the actor's mind as he steps into a new movie about a tech company with tremendous power.
Garfield, 43, spoke with GQ in an interview published Wednesday, Nov. 4, regarding his new movie Artificial, in which he portrays OpenAI co-founder and CEO Sam Altman. The role had him reflecting on when he starred in 2010's The Social Network after losing out on the role of Facebook CEO Mark Zuckerberg to Jesse Eisenberg.
#garfield #Social #artificial #andrew
Garfield is reflecting on the experience now that he is playing another majorly impactful tech CEO in Artificial as OpenAI's Sam Altman
Artificial, Garfield's new movie about the company behind ChatGPT, is in theaters Dec. 25
Andrew Garfield's role as Facebook co-founder Eduardo Saverin in The Social Network is still on the actor's mind as he steps into a new movie about a tech company with tremendous power.
Garfield, 43, spoke with GQ in an interview published Wednesday, Nov. 4, regarding his new movie Artificial, in which he portrays OpenAI co-founder and CEO Sam Altman. The role had him reflecting on when he starred in 2010's The Social Network after losing out on the role of Facebook CEO Mark Zuckerberg to Jesse Eisenberg.
#garfield #Social #artificial #andrew
3 days ago
The largest domestic Outback Steakhouse franchisee in the U.S., Out West Restaurant Group (affiliated with Cerca Trova Restaurant Group Holdings), has reportedly filed for Chapter 11 bankruptcy in Delaware on Monday, November 2.
The company operates approximately 60 Outback Steakhouse locations across Western states, including California, Arizona, Nevada, Colorado and New Mexico.
According to Bloomberg Law, the restaurant group reported less than $50,000 in **** ets and between $100 million and $500 million in liabilities. However, limited information about the bankruptcy filing is publicly available.
Amid the bankruptcy filing, Bloomin' Brands, the parent company of Outback Steakhouse, plans to acquire 61 restaurants operated by Out West.
The $26.3 million deal reportedly involves the purchase of the restaurant group's **** ets, according to a filing with the U.S. Securities and Exchange Commission on Sunday, November 1.
#bankruptcy #november
The company operates approximately 60 Outback Steakhouse locations across Western states, including California, Arizona, Nevada, Colorado and New Mexico.
According to Bloomberg Law, the restaurant group reported less than $50,000 in **** ets and between $100 million and $500 million in liabilities. However, limited information about the bankruptcy filing is publicly available.
Amid the bankruptcy filing, Bloomin' Brands, the parent company of Outback Steakhouse, plans to acquire 61 restaurants operated by Out West.
The $26.3 million deal reportedly involves the purchase of the restaurant group's **** ets, according to a filing with the U.S. Securities and Exchange Commission on Sunday, November 1.
#bankruptcy #november
7 days ago
Bloomberg calculated Dodge's roughly 15,897 Berkshire (BRK-A, BRK-B) shares would have topped $2.7 billion by 2013 if the family held them.
Homer Dodge drove 1,500 miles to hand a 25-year-old Buffett $120,000 in 1956, and the stake grew to $2.1 million by 1970.
The Avenir Foundation received 2,000 Berkshire shares from Dodge's estate and grew from $1 million to $1.2 billion in endowment by late 2024.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now, and Berkshire Hathaway didn't make the cut. Enter your email to see the names that beat BRK-B. The report is free. Enter your email and see if any of your stocks made the cut.
In the summer of 1956, Homer Dodge, a physicist who built the University of Oklahoma's physics and astronomy department, pulled up to Warren Buffett's Omaha house with that canoe strapped to the roof of his car, according to biographer Alice Schroeder's account.
#enter #shares #grew #email
Homer Dodge drove 1,500 miles to hand a 25-year-old Buffett $120,000 in 1956, and the stake grew to $2.1 million by 1970.
The Avenir Foundation received 2,000 Berkshire shares from Dodge's estate and grew from $1 million to $1.2 billion in endowment by late 2024.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now, and Berkshire Hathaway didn't make the cut. Enter your email to see the names that beat BRK-B. The report is free. Enter your email and see if any of your stocks made the cut.
In the summer of 1956, Homer Dodge, a physicist who built the University of Oklahoma's physics and astronomy department, pulled up to Warren Buffett's Omaha house with that canoe strapped to the roof of his car, according to biographer Alice Schroeder's account.
#enter #shares #grew #email
7 days ago
(Bloomberg) -- Alphabet Inc.'s Google is in talks with the US Defense Department to work on a new data security effort underpinning the $185 billion Golden Dome missile defense program, according to people familiar with the matter.
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7 days ago
ATLANTA, Oct 30 (Reuters) - US Secretary of State Marco Rubio and Brazilian Foreign Minister Mauro Vieira spoke briefly at a Group of 20 foreign ministers meeting and agreed to meet in coming weeks before a G20 leaders summit, a source familiar with the plans said.
A Brazilian official downplayed tensions over Brazil's failure to approve Trump's pick as ambassador and the re-election of Brazilian President Luiz Inacio Lula da Silva.
Vieira took part in the G20 meeting, which was hosted by Rubio in Atlanta. The two ministers agreed to meet again before G20 leaders meet in Miami in December.
The plan for the two to meet again, first reported by Bloomberg, reflects a desire by the two countries to move on after discord over the ambassador's visa and the US decision to grant a visa to Brazilian Senator Flavio Bolsonaro after his election loss to the leftist incumbent Lula.
"We're clearly not politicizing the issue, as we haven't in other situations regarding Brazilian citizens who have fled to the US," the Brazilian official said.
#brazilian #vieira #agreed
A Brazilian official downplayed tensions over Brazil's failure to approve Trump's pick as ambassador and the re-election of Brazilian President Luiz Inacio Lula da Silva.
Vieira took part in the G20 meeting, which was hosted by Rubio in Atlanta. The two ministers agreed to meet again before G20 leaders meet in Miami in December.
The plan for the two to meet again, first reported by Bloomberg, reflects a desire by the two countries to move on after discord over the ambassador's visa and the US decision to grant a visa to Brazilian Senator Flavio Bolsonaro after his election loss to the leftist incumbent Lula.
"We're clearly not politicizing the issue, as we haven't in other situations regarding Brazilian citizens who have fled to the US," the Brazilian official said.
#brazilian #vieira #agreed
9 days ago
The Ultimate Fighting Championship returns to Meta Apex in LasVegas on Oct. 31.
Here's how to watch the event.
UFC Vegas 123 streams live in the United States on Paramount+on Saturday, Oct. 31, with the prelims starting at 5 p.m. Eastern/2p.m. Pacific, followed by the main card at 8 p.m. Eastern/5 p.m.Pacific.
Renato"Money" Moicano (21-7-1) faces Tom Nolan(11-1) in the lightweight main event. Moicano is coming off asubmission win over ChrisDuncan in April, rebounding from losses to IslamMakhachev and BeneilDariush. Nolan enters his first UFC main event on a five-fightwinning streak.
Fans in the United Kingdom and Ireland can watch UFC Vegas 123 onTNT Sports. The prelims begin at 9 p.m. GMT on Saturday, Oct. 31,followed by the main card at midnight GMT on Sunday, Nov. 1.
Here's the complete UFC Vegas 123 card as of Oct. 29:
Renato"Money" Moicano vs. Tom Nolan
RandyBrown vs. JacobeSmith
OdeOsbourne vs. CodyDurden
YanaSantos vs. LuanaSantos
Jean-PaulLebosnoyani vs. FarmanHasanov
FrancisMarshall vs. DakotaHope
RodrigoSezinando vs. TheodorBerggren
JulianErosa vs. Jeong YeongLee
ZacharyReese vs. MickeyGall
NickKlein vs. JosephKropschot
TalitaAlencar vs. PieraRodriguez
LuciaSzabova vs. TainaraLisboa
#united
Here's how to watch the event.
UFC Vegas 123 streams live in the United States on Paramount+on Saturday, Oct. 31, with the prelims starting at 5 p.m. Eastern/2p.m. Pacific, followed by the main card at 8 p.m. Eastern/5 p.m.Pacific.
Renato"Money" Moicano (21-7-1) faces Tom Nolan(11-1) in the lightweight main event. Moicano is coming off asubmission win over ChrisDuncan in April, rebounding from losses to IslamMakhachev and BeneilDariush. Nolan enters his first UFC main event on a five-fightwinning streak.
Fans in the United Kingdom and Ireland can watch UFC Vegas 123 onTNT Sports. The prelims begin at 9 p.m. GMT on Saturday, Oct. 31,followed by the main card at midnight GMT on Sunday, Nov. 1.
Here's the complete UFC Vegas 123 card as of Oct. 29:
Renato"Money" Moicano vs. Tom Nolan
RandyBrown vs. JacobeSmith
OdeOsbourne vs. CodyDurden
YanaSantos vs. LuanaSantos
Jean-PaulLebosnoyani vs. FarmanHasanov
FrancisMarshall vs. DakotaHope
RodrigoSezinando vs. TheodorBerggren
JulianErosa vs. Jeong YeongLee
ZacharyReese vs. MickeyGall
NickKlein vs. JosephKropschot
TalitaAlencar vs. PieraRodriguez
LuciaSzabova vs. TainaraLisboa
#united
9 days ago
ST. LOUIS (AP) — Robert Thomas and Philip Broberg each had a goal and two **** ists to lead the St. Louis Blues to a 4-1 win over the Boston Bruins on Thursday night.
Before the win, the Blues were 0-3-3 in their last six games against Bruins at home since Game 4 of Stanley Cup Final on June 3, 2019.
Jimmy Snuggerud and Jake Neighbours scored a power-play goal for St. Louis and Joel Hofer recorded 31 saves.
James Hagens scored for the Bruins and Jeremy Swayman stopped 14 shots.
St. Louis went ahead 2-1 on a wrist shot from the top of the slot by Broberg at 5:17 of the second period. Connor McMichael passed from behind the net to an open Broberg, whose shot went just inside the right post.
#bruins #blues
Before the win, the Blues were 0-3-3 in their last six games against Bruins at home since Game 4 of Stanley Cup Final on June 3, 2019.
Jimmy Snuggerud and Jake Neighbours scored a power-play goal for St. Louis and Joel Hofer recorded 31 saves.
James Hagens scored for the Bruins and Jeremy Swayman stopped 14 shots.
St. Louis went ahead 2-1 on a wrist shot from the top of the slot by Broberg at 5:17 of the second period. Connor McMichael passed from behind the net to an open Broberg, whose shot went just inside the right post.
#bruins #blues
9 days ago
PITTSBURGH (AP) — Logan Cooley completed a hat trick against his hometown team with a second left, Mikhail Sergachev scored at 3:27 of overtime and the Utah Mammoth stunned the Pittsburgh Penguins 4-3 on Thursday night.
After Ben Kindel put Pittsburgh ahead 3-2 with 25 seconds left, Cooley — playing his third NHL game in Pittsburgh — batted the puck in from the left side of the net for sixth goal in four games and seventh of the season.
Cooley became the third Pittsburgh native with a hat trick against the Penguins, joining Brandon Saad and R.J. Umberger. At age 5, Cooley took part in Sidney Crosby's first Little Penguins Learn to Play Hockey program.
Cooley scored for the first time in seven games against Pittsburgh. He had two first-period goals to give the Mammoth an early 2-0 lead, and scored in the third for his third career hat trick.
In overtime, Sergachev beat Arturs Silovs off a rebound in front.
#pittsburgh #trick #left
After Ben Kindel put Pittsburgh ahead 3-2 with 25 seconds left, Cooley — playing his third NHL game in Pittsburgh — batted the puck in from the left side of the net for sixth goal in four games and seventh of the season.
Cooley became the third Pittsburgh native with a hat trick against the Penguins, joining Brandon Saad and R.J. Umberger. At age 5, Cooley took part in Sidney Crosby's first Little Penguins Learn to Play Hockey program.
Cooley scored for the first time in seven games against Pittsburgh. He had two first-period goals to give the Mammoth an early 2-0 lead, and scored in the third for his third career hat trick.
In overtime, Sergachev beat Arturs Silovs off a rebound in front.
#pittsburgh #trick #left
9 days ago
TAMPA, Fla. (AP) — Pontus Holmberg set a career high with four points on a goal and three ******* ists, Brandon Hagel and Anthony Cirelli each had a goal and two ******* ists, and the Tampa Bay Lightning remain unbeaten at home with a 6-4 victory over the Winnipeg Jets on Thursday night.
Brayden Point, John Carlson and Conor Geekie all scored for Tampa Bay. Andrei Vasilevskiy stopped 17 shots.
The Lightning improved to 6-0 at home to tie a franchise record to start a season.
Neil Pionk, playing his 600th game, scored twice. Kyle Connor and Dylan Samberg also scored for the Jets and Mark Scheilffele had three ******* ists.
Stuart Skinner allowed five goals on 21 shots before being replaced by Nico Daws to start the third period. Daws finished with nine saves in his Winnipeg debut.
#daws #goal
Brayden Point, John Carlson and Conor Geekie all scored for Tampa Bay. Andrei Vasilevskiy stopped 17 shots.
The Lightning improved to 6-0 at home to tie a franchise record to start a season.
Neil Pionk, playing his 600th game, scored twice. Kyle Connor and Dylan Samberg also scored for the Jets and Mark Scheilffele had three ******* ists.
Stuart Skinner allowed five goals on 21 shots before being replaced by Nico Daws to start the third period. Daws finished with nine saves in his Winnipeg debut.
#daws #goal
12 days ago
(Bloomberg) -- SK Hynix Inc. (SKHY) plans to return about 80% of the gains from selling down its stake in ***** an's Kioxia Holdings Corp. to shareholders through a special dividend of about 16 trillion won ($12 billion), the DongA Ilbo newspaper reported.
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19 days ago
In addition to our live coverage of Rootstown's 17-7 win over Crestwood and Streetsboro's 30-0 win over Woodridge, here's a look at what happened in other Portage County high school football games in Week 9:
Watch Ohio High School Sports Live on NFHS Network all year
The Wildcats took control early, outscoring the Dukes 13-0 in the second quarter en route to a 20-3 halftime lead. Kade Thomas gave Mogadore the lead with a 20-yard touchdown run in the first quarter and Maddox Smith had two touchdown runs in the second quarter, including one from 26 yards out. Thomas added his second rushing touchdown to start the fourth quarter, and Quarviyon Siggers-Greco capped the night with a 50-yard TD run.
Thomas finished with 140 yards on 15 carries as the Wildcats (7-2) totaled 296 yards on 32 rushes.
Bryan Smithberger (12 of 17, 233 yards) tossed five touchdown passes as the Bombers (4-5, 3-5 Northern 8 Football Conference) secured a Saturday victory in the Keystone State. Dejuan Ramsey caught three of Smithberger's five touchdown passes. Ramsey had five catches overall for 129 yards.
#thomas #five
Watch Ohio High School Sports Live on NFHS Network all year
The Wildcats took control early, outscoring the Dukes 13-0 in the second quarter en route to a 20-3 halftime lead. Kade Thomas gave Mogadore the lead with a 20-yard touchdown run in the first quarter and Maddox Smith had two touchdown runs in the second quarter, including one from 26 yards out. Thomas added his second rushing touchdown to start the fourth quarter, and Quarviyon Siggers-Greco capped the night with a 50-yard TD run.
Thomas finished with 140 yards on 15 carries as the Wildcats (7-2) totaled 296 yards on 32 rushes.
Bryan Smithberger (12 of 17, 233 yards) tossed five touchdown passes as the Bombers (4-5, 3-5 Northern 8 Football Conference) secured a Saturday victory in the Keystone State. Dejuan Ramsey caught three of Smithberger's five touchdown passes. Ramsey had five catches overall for 129 yards.
#thomas #five
30 days ago
Kat Graham may be stunning on the outside, but she's more focused on inner beauty.
During an exclusive interview with First for Women, the 37-year-old actress discussed her outlook after welcoming her son "Spero" Nyemah Wood with her husband, Bryant Wood, in March.
"I'm kind of learning inside out even more," she explains. "I've always tried to prioritize: if you feel good within, it'll show."
"If you're not drinking enough water, if you're not eating good food, it doesn't matter how much makeup or how many different hairstyles or whatever, you're not going to emanate health," she continues. "So for me, especially post-baby, I'm still taking all my supplements, all my vitamins."
Steven Bergman/AFF-USA.COM / MEGA
#first #spero
During an exclusive interview with First for Women, the 37-year-old actress discussed her outlook after welcoming her son "Spero" Nyemah Wood with her husband, Bryant Wood, in March.
"I'm kind of learning inside out even more," she explains. "I've always tried to prioritize: if you feel good within, it'll show."
"If you're not drinking enough water, if you're not eating good food, it doesn't matter how much makeup or how many different hairstyles or whatever, you're not going to emanate health," she continues. "So for me, especially post-baby, I'm still taking all my supplements, all my vitamins."
Steven Bergman/AFF-USA.COM / MEGA
#first #spero
1 month ago
(Bloomberg) -- Chipotle Mexican Grill Inc. (CMG) shares jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain.
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1 month ago
It's not easy being a billionaire in the event that a stock market bubble bursts.
Just ask billionaire Bridgewater ****** ociates founder Ray Dalio, who sounds like he's worrying about potentially massive wealth destruction if the artificial intelligence trade goes south.
"Everybody says 'I'm worth a billion dollars' but, OK, try to spend that," Dalio said at the Forbes Global CEO Conference in Singapore on Wednesday. Bloomberg first reported his comments.
Dalio suggested that measures that force the ultrawealthy to liquidate their unrealized gains, such as a wealth tax, could hasten or contribute to a bubble popping.
"In order to spend that, you have to sell wealth in order to get money — and so the bubble usually ****** at that," he added.
#spend #bridgewater
Just ask billionaire Bridgewater ****** ociates founder Ray Dalio, who sounds like he's worrying about potentially massive wealth destruction if the artificial intelligence trade goes south.
"Everybody says 'I'm worth a billion dollars' but, OK, try to spend that," Dalio said at the Forbes Global CEO Conference in Singapore on Wednesday. Bloomberg first reported his comments.
Dalio suggested that measures that force the ultrawealthy to liquidate their unrealized gains, such as a wealth tax, could hasten or contribute to a bubble popping.
"In order to spend that, you have to sell wealth in order to get money — and so the bubble usually ****** at that," he added.
#spend #bridgewater
1 month ago
By Simon Johnson and Johan Ahlander
STOCKHOLM, Oct 8 (Reuters) - Canadian poet and writer Anne Carson won the 2026 **** el Prize in Literature "for her bold and inventive oeuvre that, in playful dialogue with the classical tradition, has created new forms for contemporary literature", the Swedish Academy said on Thursday.
"She was very taken by surprise," said Ingrid Carlberg, permanent secretary of the academy, which awards the prize worth 12 million Swedish crowns ($1.2 million).
"We didn't have so much time to speak, and all she had time to tell me was that she is for the moment in Iceland, where she's listening to the wind."
Carson's work often blends verse, prose, dialogue and translation in a genre-defying mix. Born in Toronto, the 76-year-old has also held Icelandic citizenship since 2022 and has spent considerable time on the Arctic island in recent years.
#swedish #academy #dialogue #simon
STOCKHOLM, Oct 8 (Reuters) - Canadian poet and writer Anne Carson won the 2026 **** el Prize in Literature "for her bold and inventive oeuvre that, in playful dialogue with the classical tradition, has created new forms for contemporary literature", the Swedish Academy said on Thursday.
"She was very taken by surprise," said Ingrid Carlberg, permanent secretary of the academy, which awards the prize worth 12 million Swedish crowns ($1.2 million).
"We didn't have so much time to speak, and all she had time to tell me was that she is for the moment in Iceland, where she's listening to the wind."
Carson's work often blends verse, prose, dialogue and translation in a genre-defying mix. Born in Toronto, the 76-year-old has also held Icelandic citizenship since 2022 and has spent considerable time on the Arctic island in recent years.
#swedish #academy #dialogue #simon
1 month ago
Wim Wenders has boarded "Truth:Beauty," a feature documentary about legendary German fashion photographer Peter Lindbergh, as executive producer.
The project, produced by Maja Hoffmann and Human Humans, will mark the feature directorial debut of French novelist Alexandra Matine, whose books include "Scopophilia" and "La Pire Amie du monde."
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#peter #german #maja #hoffmann
The project, produced by Maja Hoffmann and Human Humans, will mark the feature directorial debut of French novelist Alexandra Matine, whose books include "Scopophilia" and "La Pire Amie du monde."
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'From Inside Out - The Architecture of Peter Zumthor' Review: Wim Wenders' Latest 3D Documentary Is an Architectural Marvel
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#peter #german #maja #hoffmann
1 month ago
Young Americans are reconsidering the value of a college degree given the high cost of college and the prospect of taking on student loan debt, which is prompting some colleges and universities to cut tuition costs to attract students and boost enrollment.
A report by Bloomberg noted that several colleges and universities have announced plans to lower their tuition either this year or in the next academic year when students arrive on campus in fall 2027. For example, Emory & Henry University historically offered significant merit scholarships amounting to up to $23,000 to help students negate some of the $40,000 price tag they faced, the report noted.
However, the school moved to reduce tuition by half to $19,900 for undergraduate students this academic year to lower the sticker price students are evaluating, while still offering merit scholarships up to $5,000 and covering tuition costs for certain in-state students from Virginia who meet income criteria.
"Our tuition reduction plan was just one piece of a larger strategic enrollment strategy," said Dr. Louise "Lou" Fincher, president of Emory & Henry University, told FOX Business. "Ultimately, we wanted our published tuition to better reflect the real cost of an Emory & Henry education."
College President Warns Ai Could Strengthen Education – Or Create Dangerous Shortcuts: 'It's How We Manage It'
#students #university #Education #cost
A report by Bloomberg noted that several colleges and universities have announced plans to lower their tuition either this year or in the next academic year when students arrive on campus in fall 2027. For example, Emory & Henry University historically offered significant merit scholarships amounting to up to $23,000 to help students negate some of the $40,000 price tag they faced, the report noted.
However, the school moved to reduce tuition by half to $19,900 for undergraduate students this academic year to lower the sticker price students are evaluating, while still offering merit scholarships up to $5,000 and covering tuition costs for certain in-state students from Virginia who meet income criteria.
"Our tuition reduction plan was just one piece of a larger strategic enrollment strategy," said Dr. Louise "Lou" Fincher, president of Emory & Henry University, told FOX Business. "Ultimately, we wanted our published tuition to better reflect the real cost of an Emory & Henry education."
College President Warns Ai Could Strengthen Education – Or Create Dangerous Shortcuts: 'It's How We Manage It'
#students #university #Education #cost
1 month ago
Jamie Dimon has spent much of this year warning that the bond market is a problem waiting to happen. On April 28, at a conference hosted by Norway's sovereign wealth fund, the JPMorgan Chase CEO said there would be "some kind of bond crisis," according to TheStreet.
The debt he had in mind was mostly owed by governments. But Dimon has long argued that the pain lands somewhere else.
In a 2025 Fox Business interview, he said bond market volatility hurts the people raising money, small businesses included. He admitted he could not tell whether trouble was six months or six years away. This time, he named the next group in line.
Also read: Scott Bessent just made a bold move on the bond market
Speaking on the sidelines of a JPMorgan event in London on Oct. 6, Dimon said the worldwide scramble for capital could begin to squeeze corporate borrowers, Bloomberg reported. Investors will keep asking for more, he said. At some point, that feeds into corporate debt and credit spreads.
#debt
The debt he had in mind was mostly owed by governments. But Dimon has long argued that the pain lands somewhere else.
In a 2025 Fox Business interview, he said bond market volatility hurts the people raising money, small businesses included. He admitted he could not tell whether trouble was six months or six years away. This time, he named the next group in line.
Also read: Scott Bessent just made a bold move on the bond market
Speaking on the sidelines of a JPMorgan event in London on Oct. 6, Dimon said the worldwide scramble for capital could begin to squeeze corporate borrowers, Bloomberg reported. Investors will keep asking for more, he said. At some point, that feeds into corporate debt and credit spreads.
#debt
1 month ago
(Bloomberg) -- Billionaire Ray Dalio warned that artificial intelligence is a "classic bubble" that is nearing a bursting point thanks to rising interest rates and the need to turn wealth into cash.
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1 month ago
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#launch #developed #deeply
1 month ago
JPMorgan Chase (JPM) CEO Jamie Dimon sharpened his warning about the risks of a global bond sell-off on Tuesday, saying the world's massive competition for capital could begin squeezing corporate borrowers.
Dimon warned that the combination of rising government borrowing costs and spending on the AI boom could spill into corporate credit markets, pushing up the costs for companies to refinance or raise new debt.
"There will be a point where the market will ask for more and more and more, and yeah, at one point that'll feed into corporate debt, corporate credit spreads, and things like that, which is how it normally happens," Dimon said in a Bloomberg interview on the sidelines of a JPMorgan event in London.
"The best thing to do with any of these things is deal with it before it becomes a crisis. If it becomes a crisis, we will deal with it. It just will be in a much less pleasant way," he added.
The warning comes as a global rout in bonds has pushed longer-term borrowing costs sharply higher in recent weeks, with the benchmark US 10-year Treasury yield recently surpassing heights not seen since 2002.
#credit
Dimon warned that the combination of rising government borrowing costs and spending on the AI boom could spill into corporate credit markets, pushing up the costs for companies to refinance or raise new debt.
"There will be a point where the market will ask for more and more and more, and yeah, at one point that'll feed into corporate debt, corporate credit spreads, and things like that, which is how it normally happens," Dimon said in a Bloomberg interview on the sidelines of a JPMorgan event in London.
"The best thing to do with any of these things is deal with it before it becomes a crisis. If it becomes a crisis, we will deal with it. It just will be in a much less pleasant way," he added.
The warning comes as a global rout in bonds has pushed longer-term borrowing costs sharply higher in recent weeks, with the benchmark US 10-year Treasury yield recently surpassing heights not seen since 2002.
#credit
1 month ago
In a new book, the Supreme Court justice reflects on his "pet issue" of faith.
Supreme Court Justice Samuel Alito, the devout Catholic conservative who has long warned of animus against religion in America, says in a new book that he believes the court's landmark decision extending marriage rights to same-sex couples was "perhaps the decisive point in our nation's turn against religious liberty."
Alito, who dissented sharply in the 2015 case, made the claim at Catholic University of America three years after Obergefell v Hodges in a speech that was not open to the public or widely covered at the time. The remarks were published this month in "So Ordered," a collection of Alito speeches that he says reflect his judicial philosophy and outlook on the country.
Seven of the 19 Alito speeches published in the book were delivered to Catholic groups.
"In dissent from that ruling," he said in the 2018 address, "I expressed my worry that equating the expression of certain views with bigotry -- or, if you like, with dignitary harm -- would drive believers out of public life."
#court #justice
Supreme Court Justice Samuel Alito, the devout Catholic conservative who has long warned of animus against religion in America, says in a new book that he believes the court's landmark decision extending marriage rights to same-sex couples was "perhaps the decisive point in our nation's turn against religious liberty."
Alito, who dissented sharply in the 2015 case, made the claim at Catholic University of America three years after Obergefell v Hodges in a speech that was not open to the public or widely covered at the time. The remarks were published this month in "So Ordered," a collection of Alito speeches that he says reflect his judicial philosophy and outlook on the country.
Seven of the 19 Alito speeches published in the book were delivered to Catholic groups.
"In dissent from that ruling," he said in the 2018 address, "I expressed my worry that equating the expression of certain views with bigotry -- or, if you like, with dignitary harm -- would drive believers out of public life."
#court #justice
1 month ago
(Bloomberg) -- McKesson Corp. and the private equity firm Clayton Dubilier & Rice will buy Option Care Health Inc. for an enterprise value of about $5.8 billion, expanding into the medical infusion ***** e.
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#care
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#care
1 month ago
The bond-market rout of 2026 may be jolting markets, but it's also gaining a important following among savers and the risk-averse.
Wall Street has been gripped by the volatile moves in bond yields over the past few weeks. The all-important 10-year Treasury yield BX:TMUBMUSD10Y was up another 3.4 basis points on Monday to 5.35%, it highest level since April 2002, according to Dow Jones Market Data.
My wife never went back to work after raising our kids. Do I have to share my retirement savings 50/50?
Go ahead and get that poetry degree. Republican law won't prevent people with humanities majors from getting student loans.
That's raised the costs of new mortgages, corporate borrowing and financing the $40 trillion national debt. It also has many bond portfolios sitting in a sea of red ink for 2026, with the bond market's equivalent of the S&P 500 SPX — the Bloomberg U.S. Aggregate Index's — total return having turned negative. Bond yields and prices move in the opposite direction.
#bond #treasury #tmubmusd10y
Wall Street has been gripped by the volatile moves in bond yields over the past few weeks. The all-important 10-year Treasury yield BX:TMUBMUSD10Y was up another 3.4 basis points on Monday to 5.35%, it highest level since April 2002, according to Dow Jones Market Data.
My wife never went back to work after raising our kids. Do I have to share my retirement savings 50/50?
Go ahead and get that poetry degree. Republican law won't prevent people with humanities majors from getting student loans.
That's raised the costs of new mortgages, corporate borrowing and financing the $40 trillion national debt. It also has many bond portfolios sitting in a sea of red ink for 2026, with the bond market's equivalent of the S&P 500 SPX — the Bloomberg U.S. Aggregate Index's — total return having turned negative. Bond yields and prices move in the opposite direction.
#bond #treasury #tmubmusd10y
1 month ago
(Bloomberg) -- President Donald Trump said the US was looking into a suspected plague case in Russia following the death of a worker at a laboratory and would offer authorities there ******* istance.
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#Russia
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#Russia