Latest news with #Dr.Doom
Boston Globe
06-07-2025
- Entertainment
- Boston Globe
Julian McMahon, ‘Nip/Tuck' and ‘Fantastic Four' star, dies at 56
After switching to prime-time television, his breakout role came when he played the half-human, half-demon Cole Turner on three seasons of the WB supernatural series 'Charmed.' Mr. McMahon achieved leading-man status when he began starring in the FX series 'Nip/Tuck' in 2003. His performance as a self-destructive playboy contrasted with Dr. Troy's strait-laced best friend, Dr. Sean McNamara, played by Dylan Walsh. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up On the show, which ran from 2003-10, the pair ran a plastic surgery practice, first in Miami and later in Los Angeles, and frequently sparred over the morality of their profession. Advertisement Mr. McMahon's cocky, confident characterization allowed him to deliver some fan-favorite lines, such as, 'She's a troublemaker and her shoes are cheap.' In 2005, Mr. McMahon went from playing a sex-addicted surgeon to portraying the maniacal Dr. Doom in the first of two 'Fantastic Four' theatrical releases, the 2005 movie, 'Fantastic Four,' and its 2007 sequel, 'Fantastic Four: Rise of the Silver Surfer.' Dr. Doom, a megalomaniacal villainous tycoon from the Marvel comic book series 'Fantastic Four,' which was created by Stan Lee and Jack Kirby and debuted in 1961, wears a threatening silver mask to hide his scarred face. Advertisement Julian McMahon was born July 27, 1968, in Sydney, one of three children. His father was William McMahon, a former prime minister of Australia from 1971-72, and his mother, Lady Sonia McMahon, was a socialite and philanthropist. Mr. McMahon's survivors include his wife, Kelly, and a daughter, Madison. He married Brooke Burns, an American model and game show host, in 1999. They divorced in 2001. He and Dannii Minogue, an Australian singer, were married in 1994. They divorced a year later. Mr. McMahon embraced his father's legacy by playing the prime minister of Australia on the Netflix show 'The Residence,' a comedy murder mystery set at the White House that debuted in March. He also recently starred in the psychological thriller 'The Surfer' with Nicolas Cage. Promoting the film at South by Southwest in Austin, Texas, earlier this year was one of Mr. McMahon's last public appearances. Mr. McMahon returned to Australia several times throughout his career to star in films there. Among them was the 2012 horror movie 'Bait,' about a group of shoppers who are hunted by 12-foot great white sharks after being trapped at a grocery store that has been flooded by a tsunami. He played the team leader Jess LaCroix in 'FBI: Most Wanted' on CBS from 2020-22. While he made a surprise exit from the show in March 2022, he paid tribute to the special agent on Instagram, writing that he and the character 'did some good work, some might even say great, and we had some fun along the way.' This article originally appeared in Advertisement
CNBC
06-07-2025
- Business
- CNBC
Economist Nouriel Roubini sees a ‘mini stagflationary shock' coming in the second half of 2025
An economist and investor nicknamed "Dr. Doom" sees a rough patch ahead for the U.S. economy, but isn't advocating any panicked selling. Nouriel Roubini told CNBC that he expects the core personal consumption expenditures index — the Federal Reserve's preferred inflation metric — to reach about 3.5% by the end of the year, and economic growth to weaken and possibly turn negative. Best known for calling the 2008 Global Financial Crisis, Roubini said the second half will amount to "a mini stagflationary shock," and that the Fed will hold off on rate cuts until at least December. That view includes an expectation of a "mild" resolution to trade negotiations that ends with many countries facing a 15% rate, the economist said. "I'm not expecting, certainly, anything close to April 2," Roubini said, referring to the tariff levels announced by President Donald Trump that day that sparked a steep market sell-off. Roubini, a Harvard-trained economist, has a long track record in the academia, government and the private sector. The "Dr. Doom" moniker refers to numerous macroeconomic warnings he has issued throughout his career. His hit rate is not perfect, but he was early in warning about the financial crisis and a virus-induced recession in 2020. He is also one of the portfolio managers on the Atlas America Fund (USAF) , an ETF launched late last year that aims to guard against economic risks from structurally higher inflation to climate change. The fund is designed to be less volatile than the stock market but is "not a portfolio for doomsday," Roubini said. The fund is still small and thinly traded, with only about $17 million in assets, according to FactSet. But performance has been solid. The multi-asset fund has gained more than 5% since inception last November. That trailis the S & P 500 , but USAF has shown its defensive mettle, falling less than 3% in the days following the April 2 "Liberation Day" tariff announcements, when U.S. stocks soon fell roughly 20%. USAF 1Y mountain The Atlas America Fund saw a smaller drawdown in April than broad stock market indexes. "We don't particularly want outsized returns in one month. We'd rather have the slow and steady uptick, which is exactly what we've been seeing," said Puneet Agarwal, one of other portfolio managers for USAF. The portfolio, which includes large positions in gold, short-term U.S. government debt and exposure to agricultural commodities, has changed some since the fund's launch. USAF has recently added exposure to defense technology and cybersecurity stocks, and bought short-term inflation-protected bonds, while dialing back holdings in real estate, Agarwal said. The fund's large bet on gold helped it outperform the stock market earlier this year, but also contributed to USAF's relatively sluggish performance in June. Roubini said the bet on gold is part of a longer-term theory that the world is moving away from the U.S. dollar. "We're not expecting things to crash. But the trend is clear and it is going [in] one direction," Roubini said.
Business Insider
09-06-2025
- Business
- Business Insider
The economy might be just fine after all
Welcome back! Do you know where your friends are? No seriously. Do you? If you're part of Gen Z, there's a good chance you're tracking their locations with the Find My Friends app. The rest of us … not so much. In today's newsletter, the case for the economy heading in the right direction is growing. What's on deck Markets: Three big things Citadel interns will learn during their first week on the job. Business: Online communities for helping people who were laid off are gaining steam. But first, don't sweat it. If this was forwarded to you, sign up here. The big story Economic optimismIt turns out the economy might be fine after all. After plenty of handwringing about what the future might hold, the hard data indicates an economy that's in decent shape. The latest good news was May's better-than-expected jobs report. The 139,000 jobs added were more than the 126,000 economists had expected. I don't mean to be too optimistic — when I mentioned this newsletter topic to my boss, they responded earnestly, "IS IT?" — but investors are also feeling a lot better about things. The Leuthold Group wrote in a recent note that the market believes the US economy will keep growing and is trading like there's "no recession risk whatsoever," writes BI's Christine Ji. The focal point of the investment firm's argument is the S&P 500 Cyclical/Defensive Ratio, which compares economically sensitive sectors to consumer staples. The higher the number, the more bullish investors are about the economy's prospects. Last month, the ratio hit an all-time high of 1.19, meaning cyclical stocks have a 19% edge over defensive ones. Translation: Investors aren't sweating a downturn. REUTERS/Lucas Jackson That's not to say we're totally in the clear. (You didn't think it would be all sunshine and rainbows, did you?) Bank of America, for one, recently warned of two big sell signals in stocks that are close to flashing, writes BI's William Edwards. One is the amount of money flowing into global stock funds: nearly 1% of their current assets under management within a four-week span. The other is that the vast majority of countries' indexes (84%) are trading higher than their moving targets. Both signals suggest investors could be getting too bullish for their own good. But BofA's warning is like a lot of the concerns about the economy and market going around these days: things that could happen. That's not to say those worries aren't valid. The uncertainty around tariffs remains a real question mark. And if the US posts a second-straight quarter of GDP contraction, it will be in a technical recession. Still, those issues haven't necessarily materialized in the economic data. Outside of last week's weaker-than-expected ADP jobs data, things are looking good. And Wednesday will be another chance to review the hard data with the monthly inflation report. 3 things in markets 1. Broke: Dr. Doom. Bespoke: Dr. Boom. Nouriel Roubini has been known as Wall Street's "Dr. Doom" for 17 years, but lately he's sounding pretty positive. Roubini has scaled back his recession call and thinks the US is headed for an investment boom — and he told BI why. 2. How to stand out in your Citadel internship. Head of campus recruiting Matt Mitro told BI the three keys to success that interns at Ken Griffin's hedge fund (and its market-making sister firm, Citadel Securities) learn in the first week. 3. Can JPMorgan be unionized? Dissatisfied staffers certainly hope so; they're organizing largely in response to the bank's RTO mandates. If a similar effort over at Wells Fargo is any indication, however, workers at Jamie Dimon's company have a long road ahead. 3 things in tech 1. Exclusive: Amazon freezes retail hiring budget for this year. The company said it will keep a "flat headcount opex," or operating expenses, according to a copy of an internal email obtained by BI. The company is still hiring, but holding the budget steady could encourage managers to get smarter with compensation expenses, BI's Eugene Kim reports. 2. Nvidia's challengers rise. Nvidia's costly and power-hungry chips are prompting competitors to seek more efficient solutions. Many of them are carving out a niche with chips for specific tasks, and industries, from high-frequency trading to sovereign AI, are already turning away from Nvidia. 3. Apple's big day may get awkward. The company's annual Worldwide Developers Conference is known for its flashy product announcements, drawing fanatics and investors to its headquarters. But this year, there will be some elephants in the room. BI's Peter Kafka broke down Tim Cook's problem. 3 things in business 1. A less colorful corporate Pride Month. Some companies are toning down their LGBTQ+ support amid cultural and political pressures. Regardless of how companies proceed, though, nobody seems happy. 2. Baker Tilly 🤝Moss Adams. As PE reshapes accounting, these former rivals are joining forces, merging to create the sixth-largest advisory CPA firm in the US. BI spoke with the CEOs about why they struck a deal. 3. Laid off? There's a support group for that. It's clear layoffs don't just impact "bad" employees. Now, online communities are helping remove the stigma and get people back on their feet. From Substack to Reddit, here's how the jobless are rallying. In other news Ai Weiwei made a piece of art out of plastic bricks that cost $280,000. I did it for $250. Brookfield Properties lays off executives as it continues evolution from CRE giant to asset manager. VC's new favorite guessing game: Who is Arfur Rock, the 'Gossip Girl of Silicon Valley?' The latest TikTok trend: Saying your parent is a big-time business exec. The Trump-Musk feud is painfully awkward for the GOP. AI search tools might be as good as they ever will be, one AI founder says. YouTube is testing a new feature to help videos travel around the world. Diabetes startup Omada Health finally went public after 14 years. Here's who made bank. A Big Four consulting giant tries to make accounting less boring with AI. DeepWho? DeepSeek rolled out even more powerful, cheap AI tech. If you missed it, you're not alone. What's happening today Apple Annual Worldwide Developers Conference opens with keynote by CEO Tim Cook. New US travel ban affecting 19 countries goes into effect. It's Bill & Ted Day. Be excellent and party on, dudes. The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York (on parental leave). Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Lina Batarags, bureau chief, in Singapore. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago.
Yahoo
07-06-2025
- Business
- Yahoo
Why Wall Street's Dr. Doom now wants to be Dr. Boom
Nouriel Roubini, who's been known as "Dr. Doom" for 17 years, is feeling more upbeat. The economist has scaled back his recession call and thinks the US is headed for an investment boom. He told BI there are three things that have driven his newfound optimism. Wall Street has been calling him "Dr. Doom" for 17 years, but Nouriel Roubini — the economist famous for his persistently bearish and frequently dystopian takes on the world economy — is sounding surprisingly positive lately. He's rescinded his earlier call for a recession, and now sees a US tech and artificial intelligence investment boom unfolding that will uplift the economy through the rest of this decade. By 2030, Roubini thinks economic growth in the US will double from around 2% to 4%, while productivity growth surges from around 1.9% to 3%. The stock market is also likely to climb higher, he told Business Insider in an interview, predicting the S&P 500 would see high single-digit percentage growth in 2025, on par with its historical return. It's a sharp turnaround from the gloomy forecasts he' is known for. Roubini told BI the nickname started to stick in 2008, when the New York Times referred to him as "Dr. Doom" after he correctly called the Great Financial Crisis, he told BI. "Even before, I always said I'm not Dr. Doom and I'm Dr. Realist, first of all," Roubini said. He said that he's made numerous forecasts that were more bullish than the consensus throughout the years when the evidence lines up. "So I don't know why people think that I'm always Dr. Doom. It's not the case." His outlook, though, has brightened considerably since 2022. Back then, he appeared on TV and penned op-eds warning of a coming stagflationary debt crisis. At the time, he described the turmoil he saw looming as an all-in-one financial crisis involving spiraling debt levels, soaring inflation, and a severe recession. Roubini told BI there are a few things that have gotten him to change his tune. Roubini says he began to hear the murmurs of the AI revolution well before ChatGPT went viral at the end of 2022. In his 2022 book, "Megathreats," he acknowledged the potential for artificial intelligence to significantly boost economic growth and serve as a major tailwind for markets. That's become a reality way faster than Roubini expected, and a major reason he's become more bullish, he told BI. He believes the economy could start to reap the growth and productivity benefits of AI in the next several years, particularly as humanoid robots enter the mainstream. A breakthrough in fusion energy would be another bullish force for the economy, Roubini said. Fusion energy hasn't been achieved yet, but tech firms are pouring vast sums of money into making it happen. Chevron and Google contributed to a more than $150 million funding round this week for TAE Technologies, a fusion energy company that plans to have a working prototype power plant by the early 2030s. Type One Energy, another fusion energy firm, also plans to roll out a power plant by the middle of the next decade. "We're not in an AI winter anymore. We had the fusion winter for 40 years. We're not anymore," Roubini said, pointing to the stagnation in tech and fusion energy development is the past. "Now it's happening." President Donald Trump's tariffs may not be as harmful to the US economy as some investors think, Roubini says. He thinks it's more likely that markets will throw a tantrum and force Trump to walk back his most aggressive policies. That's already happened a few times this year. Roubini pointed to sharp sell-offs in the bond market that preceded Trump's 90-day pause of his "Liberation Day" tariffs, and the softening of his tone regarding firing Jerome Powell. "That means the bond vigilantes are the most powerful people in the world," Roubini said. "The instincts might be very bad, but then, markets are unforgiving," he added of policymakers. Roubini speculates that tariffs on China, for instance, could wind up somewhere around 39%, well-below the 145% tariff rate Trump proposed earlier in the year. Meanwhile, AI, quantum computing, and other tech advancements in the US can more than offset the impact of the trade war, Roubini said. Tariffs are expected to drag down GDP growth by 0.06% a year through 2035, according to estimates from the Congressional Budget Office. It's a fraction of the 2 percentage point increase in growth Roubini expects to see by the end of the decade. Roubini now pegs the odds of a recession to just around 25%. Even if the US enters a downturn this year, Roubini says he expects it to be shallow and short, as the Fed can cut interest rates to boost the economy, while tech powers growth over the long-run. That's not to say Dr. Doom has shed all of his bearish views. Roubini says many of the things he feared several years ago — stagflation, spiraling government debt levels, and rising geopolitical conflict — still loom. He rattled off a list of potential risks the US could conceivably face in the future: migration controls fueling stagflation in the economy, the US dollar collapsing in value, and China and the US not reaching a trade agreement and seeing an escalating cold war, to name a few scenarios. "So there's plenty of stuff in the world that can go wrong," he said. Read the original article on Business Insider
Business Insider
07-06-2025
- Business
- Business Insider
Why Wall Street's Dr. Doom now wants to be Dr. Boom
Wall Street has been calling him "Dr. Doom" for 17 years, but Nouriel Roubini — the economist famous for his persistently bearish and frequently dystopian takes on the world economy — is sounding surprisingly positive lately. He's rescinded his earlier call for a recession, and now sees a US tech and artificial intelligence investment boom unfolding that will uplift the economy through the rest of this decade. By 2030, Roubini thinks economic growth in the US will double from around 2% to 4%, while productivity growth surges from around 1.9% to 3%. The stock market is also likely to climb higher, he told Business Insider in an interview, predicting the S&P 500 would see high single-digit percentage growth in 2025, on par with its historical return. It's a sharp turnaround from the gloomy forecasts he' is known for. Roubini told BI the nickname started to stick in 2008, when the New York Times referred to him as " Dr. Doom" after he correctly called the Great Financial Crisis, he told BI. "Even before, I always said I'm not Dr. Doom and I'm Dr. Realist, first of all," Roubini said. He said that he's made numerous forecasts that were more bullish than the consensus throughout the years when the evidence lines up. "So I don't know why people think that I'm always Dr. Doom. It's not the case." His outlook, though, has brightened considerably since 2022. Back then, he appeared on TV and penned op-eds warning of a coming stagflationary debt crisis. At the time, he described the turmoil he saw looming as an all-in-one financial crisis involving spiraling debt levels, soaring inflation, and a severe recession. Roubini told BI there are a few things that have gotten him to change his tune. 1. Artificial Intelligence Roubini says he began to hear the murmurs of the AI revolution well before ChatGPT went viral at the end of 2022. In his 2022 book, "Megathreats," he acknowledged the potential for artificial intelligence to significantly boost economic growth and serve as a major tailwind for markets. That's become a reality way faster than Roubini expected, and a major reason he's become more bullish, he told BI. He believes the economy could start to reap the growth and productivity benefits of AI in the next several years, particularly as humanoid robots enter the mainstream. 2. An energy revolution A breakthrough in fusion energy would be another bullish force for the economy, Roubini said. Fusion energy hasn't been achieved yet, but tech firms are pouring vast sums of money into making it happen. Chevron and Google contributed to a more than $150 million funding round this week for TAE Technologies, a fusion energy company that plans to have a working prototype power plant by the early 2030s. Type One Energy, another fusion energy firm, also plans to roll out a power plant by the middle of the next decade. "We're not in an AI winter anymore. We had the fusion winter for 40 years. We're not anymore," Roubini said, pointing to the stagnation in tech and fusion energy development is the past. "Now it's happening." 3. Markets are checking Trump President Donald Trump's tariffs may not be as harmful to the US economy as some investors think, Roubini says. He thinks it's more likely that markets will throw a tantrum and force Trump to walk back his most aggressive policies. That's already happened a few times this year. Roubini pointed to sharp sell-offs in the bond market that preceded Trump's 90-day pause of his "Liberation Day" tariffs, and the softening of his tone regarding firing Jerome Powell. "That means the bond vigilantes are the most powerful people in the world," Roubini said. "The instincts might be very bad, but then, markets are unforgiving," he added of policymakers. Roubini speculates that tariffs on China, for instance, could wind up somewhere around 39%, well-below the 145% tariff rate Trump proposed earlier in the year. Meanwhile, AI, quantum computing, and other tech advancements in the US can more than offset the impact of the trade war, Roubini said. Tariffs are expected to drag down GDP growth by 0.06% a year through 2035, according to estimates from the Congressional Budget Office. It's a fraction of the 2 percentage point increase in growth Roubini expects to see by the end of the decade. Roubini now pegs the odds of a recession to just around 25%. Even if the US enters a downturn this year, Roubini says he expects it to be shallow and short, as the Fed can cut interest rates to boost the economy, while tech powers growth over the long-run. That's not to say Dr. Doom has shed all of his bearish views. Roubini says many of the things he feared several years ago — stagflation, spiraling government debt levels, and rising geopolitical conflict — still loom. He rattled off a list of potential risks the US could conceivably face in the future: migration controls fueling stagflation in the economy, the US dollar collapsing in value, and China and the US not reaching a trade agreement and seeing an escalating cold war, to name a few scenarios. "So there's plenty of stuff in the world that can go wrong," he said.
