Author: BostonNewsletter.com Est. 1704
CBS News has fired longtime anchor and 60 Minutes host Scott Pelley. The move comes after months of public tension between Pelley and the network, and just after one day after he criticized company leadership during a 60 Minutes staff meeting. The consequential meeting, which was held at the program’s Manhattan headquarters, was intended to introduce Nick Bilton, the newly appointed executive producer, amid recent personnel changes. During the meeting, Pelley addressed a series of firings from the previous week — which were referred to by him as “Black Thursday” — that included executive producer Tanya Simon, her deputy, and…
The Indiana Fever fell in embarrassing fashion on Saturday night to the expansion Portland Fire, 100-84. It was the Fever’s second loss in a row, moved them to 4-4 on the season and highlighted valid concerns about roster construction, coaching and the defensive capabilities of superstar Caitlin Clark, who is being targeted in isolations far more than any other player in the league early this season. But fret over the lackluster performance transformed into a five-alarm fire when a video of coach Stephanie White and Clark having a heated sideline exchange during the second half went viral on social media. Suddenly,…
Shares of Wix (WIX 8.65%) fell an astonishing 24.9% in May, according to data from S&P Global Market Intelligence. While the rest of the market is soaring, Wix has been left in the dust because of a recent earnings report with a double whammy of soaring costs due to artificial intelligence (AI) use cases and a narrative around its core website-building platform becoming an AI loser. Now, the stock is trading near its lowest level in 10 years. Here’s why investors are bearish on Wix, and whether the stock is a good buy right now. Today’s Change(-8.65%) $-5.41Current Price$57.13Key Data…
The University of Chicago announced that it would no longer be flying the LGBTQ+ Pride flag for Pride Month at the UC Laboratory Schools after three years.Activists expressed their outrage over the decision in favor of institutional neutrality. The LGBTQ+ flag had been raised at the flagpole in Blaine Courtyard for Pride Month every year since 2022.’You see the display of even basic symbols expressing the dignity of our students would be an unacceptable political stance and violation of neutrality.’Interim Director Ethan Bueno de Mesquita announced the decision in an email Monday that made clear it only applied to the…
(Image credit: Justin Sullivan/Getty Images)Stocks got off to a rocky start Tuesday, but another day of strong gains for tech stocks lifted all three main equity indexes higher into the close. Energy stocks also gave a boost to the broader market as oil prices climbed for a second straight day.At the close, the blue-chip Dow Jones Industrial Average was up 0.5% at 51,307, the broader S&P 500 added 0.1% to 7,609, and the tech-heavy Nasdaq Composite gained 0.03% to 27,093 — new all-time highs.Meanwhile, amid no new headlines regarding the war in Iran, front-month West Texas Intermediate crude futures rose…
Geographically, Israel is in a profoundly weak strategic position. At its widest point, it is only 71 miles (114 kilometers) across; at its narrowest point, it is only nine miles across. Israel has no defensive space. It has little ability to withdraw, regroup and counterattack. Defensive depth is essential to national security. It determines how much time there is to recover from an initial attack. Space and time are essential to war. (click to enlarge) Ignoring the emergence of drones, Israel cannot tolerate a defeat at its border, because a defeat would give it, at most, 71 miles in which…
LOS ANGELES (AP) — For well over a decade now, general manager Les Snead and the Los Angeles Rams have consistently pulled off the aggressive, audacious moves that every NFL fan wishes their team would make.Their latest deal is among the biggest and the riskiest — and it’s totally their style.AdvertisementMyles Garrett walked into the Rams’ training complex in Woodland Hills on Tuesday after LA gave up budding star Jared Verse and three high draft picks to complete one of the NFL’s biggest trades in recent seasons.“To acquire a player like this, these things don’t come up often,” coach Sean…
Donny DBM/iStock via Getty Images Dear Partners, Protean Small Cap returned 5.7% in May, beating its benchmark index which rose 3.3%. This partner letter marks the three-year anniversary of the fund. Since launching in June 2023, the fund has gained 76%. The Carnegie Nordic Small Cap Index is up 31% in the same period. The hedge fund Protean Select returned 1.4% in May. It manages 1.040bn SEK. The fund will now close for additional subscriptions. The last day to invest is the 23rd of June. Protean Aktiesparfond Norden returned 3.2%. The benchmark index rose 4%. Since inception, a little over…
In mid-February, shortly before President Trump launched the war on Iran, the country’s Islamic Revolutionary Guards Corps conducted live-fire drills in its coastal waters. Iranian state media publicized the exercise, whose official name made its purpose clear: “Smart Control of the Strait of Hormuz.”The exercise amounted to a flashing red warning light to the Trump administration — one that, for reasons that are still not fully clear, went largely unheeded.Within days of the war’s start, Iran’s military exerted control over the strait, menacing commercial tankers with boats, missiles and drones. Shipping ground to a halt. Energy prices soared. And Mr.…
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