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☆ China’s growing love of luxury watches remains strong, despite economic headwinds
▼ + stars: | 2024-04-19 | by ( Leona Liu | ) edition.cnn.com time to read: +9 min

Despite economic challenges looming large — including prolonged downturns in both the housing and stock market — China’s fascination with luxury watches remains undiminished. Cyril Zingaro/WWGF/KeystoneCertainly at this year’s fair, well-dressed, well-accessorized Chinese customers appeared unfazed by economic uncertainties. After more than 20 years working in the region, he believes China’s economic slowdown is just a temporary phase. “The situation may be slightly (more) challenging for mid-level luxury brands (whose clients’ disposable incomes are potentially more at the whim of market forces). Collectors appreciate the craftsmanship, rarity, and heritage associated with luxury timepieces, which can hold or increase in value over time.

Persons: Matthieu Humair, Cyril Zingaro, Jackson Yee, Jaeger, Zhu Yilong, Wang Yang, Xiao Zhan, David Sadigh, Patek Philippe, Van Cleef, ” Sadigh, Valentin Flauraud, ”, Ricardo Guadalupe, “ We’ve, Pierre Albouy, Keystone Carson Chan, Richard Mille Asia, Bonhams, ” Chan, Raphael Young, Lange, Söhne, Wilhelm Schmid, Lumen, Chan, Vacheron, Young, Roger Dubuis, Dior, Louis Vuitton, Gucci — Chanel, Hermes, Hermès, Attelé, Chanel, Mademoiselle Chanel, “ Organizations: Geneva CNN —, Federation of, Swiss Watch Industry, IWC, Digital Luxury, CNN, Keystone, Fondation, “, Berkley, Couture Locations: Geneva, China, Hong Kong, Asia, Switzerland, Chopard, Europe, “, Asia — China, Guadalupe, Swiss, watchmaking

☆ 42-year-old spent $1,000 to launch her Amazon side hustle—now it brings in $33,000 a week
▼ + stars: | 2024-02-21 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Jenny Woo, 42, brought in more than $1.71 million in 2023 revenue by selling EQ card games on Amazon. She was working on her master's degree in education at Harvard University, learning about emotional intelligence and child development. Woo spent roughly $1,000 from her savings to launch her side hustle, Mind Brain Emotion, in 2018. A million-dollar ideaWhen budget cuts hit the school, Woo was laid off. A month before graduating from the Harvard program, Woo launched a Kickstarter campaign for the deck with a $1,500 goal.

Persons: Jenny Woo, Woo, —, it'd Organizations: Harvard University, Amazon, CNBC, University of California, Berkley, Cisco, Harvard, Harvard Innovation Labs Locations: Irvine, Southern California, Boston

☆ Fake Biden robocall linked to Texas-based companies, New Hampshire attorney general announces
▼ + stars: | 2024-02-06 | by ( David Wright | ) edition.cnn.com time to read: +4 min

CNN —A robocall that used an AI voice resembling President Joe Biden’s to advise New Hampshire voters against voting in the state’s presidential primary has been linked to a pair of Texas-based telecommunications companies, the state’s attorney general announced on Tuesday. New Hampshire Attorney General John Formella, in a news conference on Tuesday, said the source of the calls were linked to two businesses: Life Corporation and Lingo Telecom. Formella identified Walter Monk as the owner of Life Corporation. Formella said the investigation is ongoing and suggested it involves additional entities other than Life Corporation and Lingo Telecom. “We have issued a cease-and-desist letter to Life Corporation that orders the company to immediately desist violating New Hampshire election laws.

Persons: Joe Biden’s, John Formella, Formella, Walter Monk, “, ” Formella, ”, Donald Trump, That’s, we’ve, I’m, Biden, Julie Chavez Rodriguez, CNN’s Donie O’Sullivan Organizations: CNN, New, . New Hampshire, Life Corporation, Lingo Telecom, “ Republicans, Democratic, Texas Life Corporation, New Hampshire, University of California, Berkley Locations: New Hampshire, Texas, ., Hampshire

They propose a sixth category for storms with winds that exceed 192 miles per hour (309 kilometers per hour). Currently, storms with winds of 157 mph (252 kilometers per hour) or higher are Category 5. From time to time, experts have proposed a Category 6, especially since Typhoon Haiyan reached 195 mph wind speeds (315 kilometers per hour) over the open Pacific. Wehner said that as temperatures rise, the number of days with conditions ripe for potential Category 6 storms in the Gulf of Mexico will grow. “Perhaps I'll change my tune when a rapidly intensifying storm in the Gulf achieves a Category 6,” Corbosiero said in an email.

Persons: Michael Wehner, Brian McNoldy, Haiyan, Patricia, ”, Jim Kossin, Kossin, Wehner, Kerry Emanuel, Jamie Rhome, Simpson, McNoldy, Craig Fugate, Kristen Corbosiero, ” Corbosiero, ___ Read, Seth Borenstein Organizations: National Academy of Sciences, Associated Press, Lawrence Berkley National, University of Miami, dateline, NOAA, First Street Foundation . Pacific, MIT, National Hurricane Center, Emergency Management, University of Albany Locations: Philippines, Gulf of Mexico, United States, Australia, Jalisco, Mexico, Taiwan, China, Asia, Russia, of Mexico, Caribbean, Gulf, AP.org

☆ The 4 most important things we're watching in the stock market this coming week
▼ + stars: | 2024-01-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Morgan Stanley, we'll, Procter & Gamble, we've, We're, we're, We'll, Forex, Brown, BRO, Zions, CrossFirst, Johnson, Lockheed Martin, Horton, ERIC, Baker Hughes, Abbott, ABT, Clark, BOK, Monro, Simmons, United Community Banks, Lam, Ethan Allen Interiors, Raymond James Financial, Sherwin, Williams, Northrop, Murphy, Arthur J, Levi Strauss, LEVI, Booz Allen, Jim Cramer's, Jim Cramer, Jim, John Gress Organizations: Nasdaq, Microsoft, Nvidia, Tesla, Apple, Bank of America, Reserve, Procter, Gross, Citigroup, of Hawaii, United Airlines, Logitech International S.A, AGNC Investment, Agilysys Inc, Great Southern Bancorp, Enterprise Financial Services, Independent Bank, Home Bancorp, RBB Bancorp, TrustCo Bank Corp, Gamble Co, Verizon Communications, 3M Company, General Electric Co, GE, RTX Corporation, Halliburton Company, HAL, Lockheed, Ericsson, Bank, GATX Corporation, MakeMyTrip, National Bancorp, Synchrony, Webster, Atlantic Union Bankshares Corporation, Invesco PLC, Peoples Bancorp Inc, Sandy Spring Bancorp, Netflix, Texas Instruments Incorporated, Steel Dynamics, Canadian National Railway Company, NBT Bancorp, East West Bancorp, Covenant Logistics Group, Inc, Hanmi, National Bank Holdings Corporation, Premier Financial, QCR Holdings, Renasant Corporation, Triumph, Veritex Holdings, ASML, SAP, Textron, Oriental Education, Technology Group, First BanCorp, General Dynamics, OFG Bancorp, Prosperity, TE Connectivity, United Community, Blue Foundry Bancorp, Capitol Federal, HBT, Teledyne Technologies, Business Machines, IBM, Las Vegas Sands Corp, Lam Research, United Rentals, Berkley Corp, Crown, International, Packaging Corporation of America, Seagate Technology plc, CACI, Swift Transportation Holdings, Ameriprise Financial, Concentrix Corporation, First Bank, Liberty Energy, Pathward Financial, Columbia Banking, CSX, American Airlines Group, NextEra Energy Inc, Alaska Air Group, Dow Chemical Co, Valero Energy, Southwest Airlines Co, Nextera Energy, Williams Co, Union Pacific, Applied Industrial Technologies, Mobileye, Northrop Grumman, Comcast, Nokia, TAL Education, McCormick & Company, Intel, Visa Inc, Gallagher, Co, KLA Corporation, Western Alliance, Mobile, L3Harris Technologies, Western, Olin Corporation, American Express Co, Booz, Booz Allen Hamilton Holding, Colgate, Palmolive Co, Norfolk Southern Corporation, Jim Cramer's Charitable, CNBC, Gamble's Locations: Procter &, U.S, China, ZION, Freeport, Kimberly, Las, W.R, Chicago

Rising bond yields have thrown cold water on the major averages, but a few winners may emerge even if rates remain elevated. These developments have spurred worries that the Fed policymakers could keep rates higher for longer. Bond prices and yields are inversely related, which means that as yields rise, bond prices will fall. Generally, insurers benefit when interest rates rise , since their investment portfolios will generate more yield. Shares of both real estate investment trusts, which specialize in communications services, could take a hit as higher rates make their dividends less attractive.

Persons: W.R ., Humana, Jefferies, Centene, Sherwin, Williams, Baird Organizations: Federal Reserve, CNBC Pro, Treasury Bond ETF, CME Group, Molina Healthcare, W.R, Florida Medicaid, American Tower Corporation, SBA Communications Locations: Molina, UnitedHealth, Florida

☆ Silicon Valley saw OpenAI with eyes wide shut
▼ + stars: | 2023-11-20 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

NEW YORK, Nov 19 (Reuters Breakingviews) - Silicon Valley’s weekend episode with artificial intelligence company OpenAI seems much like the technology: the input is a mishmash, so the output is flawed. The Microsoft-backed (MSFT.O) company’s board fired boss Sam Altman, and now, according to reports, may bring him back. OpenAI has been the leader in AI technology, which is bolstering valuations in the face of slowing growth in Silicon Valley. By September, OpenAI was seeking a valuation of nearly triple that, according to Reuters. Yet with or without Altman, OpenAI’s issues are clear and abundant.

Persons: Sam Altman, Altman, Greg Brockman, Satya Nadella, OpenAI, ’, OpenAI’s, chipmaker, chatbot, Brockman, Greg, Lauren Silva Laughlin, Thomas Shum Organizations: Reuters, Microsoft, Stanford, UC Berkley, OpenAI’s, San Francisco, Wall Street, Thomson Locations: Silicon Valley, U.S

☆ How Berkley students turned Caviar into a $400 million food delivery business
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Berkley students turned Caviar into a $400 million food delivery businessHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Berkley, Brian Sullivan, “ Organizations: CNBC

☆ The UAW won big against Detroit automakers. Unionizing Tesla and Toyota will be tougher
▼ + stars: | 2023-11-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +11 min

But the UAW’s ambitious plans to organize Tesla and other non-union automakers face steep odds. To grow, the UAW will need to gain a foothold at non-union automakers, which produce more than half of the cars assembled in the United States. Historically, UAW talks with the Detroit automakers have been closely watched by non-union automakers and suppliers. Anti-union companiesThe UAW will have to overcome weak protections for labor organizing in the United States and automakers’ aggressive tactics to defeat unions. It may be easier for UAW to organize Volkswagen and other European automakers like BMW and Mercedes-Benz than automakers from Asia, experts say.

Persons: Tesla, Shawn Fain, ”, Harry Katz, “, Thomas Kochan, Tesla's, Justin Sullivan, Bill Lee, Nikki Haley, Joe Biden, Kochan, ” Kochan, “ There’s, “ Fain, he’s, Harley Shaiken, Jesse Jackson, John J, Kim, Elon Musk, Musk, “ Tesla, ” Shaiken, Biden, Erica Smiley, Smiley, ‘ we’ve, won’t Organizations: New, New York CNN, United Auto Workers, Ford, General Motors, Jeep, Chrysler, Detroit automakers, UAW, American, Toyota, Hyundai, Honda, Volvo, Mercedes, BMW, Nissan, Volkswagen, Cornell University’s School of Industrial and Labor Relations, Labor, Companies, Employers, National Labor Relations Act, MIT Sloan School of Management, Getty, Workers, Benz, Tennessee Gov, Former South Carolina Gov, Environmental Defense Fund, Alabama, M University, Jackson State University, University of California, Berkley, Chicago Tribune, Tribune, Service, Tesla, National Labor Relations Board, Employees, Bloomberg, CNN, Biden Union, Union, Biden, Justice, Detroit Locations: New York, United States, California, Texas, Tesla's Fremont , California, Tennessee, Kentucky, Alabama, Volkswagen’s, Chattanooga, Michigan, Detroit, Chicago, Chattanooga , Tennessee, Asia, Europe, Tesla’s Fremont California, ”

The UAW's talks, replete with weekly addresses by union President Shawn Fain, were among the most unabashed. The agreements may be a selling point for non-union shops to push for unionization, said San Francisco State University labor and employment professor John Logan. Nissan (7201.T) and other competitors may feel compelled to boost wages to retain their workforce. UPS AND ITS RIVALSThe UPS deal in August raised pay and eliminated a two-tier wage system for drivers at the Atlanta-based company. That bolstered organizing efforts among Amazon workers and put pressure on UPS rivals to close a growing gap in pay.

Persons: Shawn Fain, Harley Shaiken, Stellantis, John Logan, Mack, Marcos Feldman, Feldman, Joe Biden, Kate Bronfenbrenner, Bianca Flowers, Jonathan Oatis Organizations: United Auto Workers, Detroit Three, Ford Motor, Chrysler, General Motors, University of California, Berkley ., San Francisco State University, UAW, Starbucks, Economic, UPS, Caterpillar, Workers, Deere & Co, Employers, U.S . Department of Labor, Amazon, National Labor Relations Board, Atlanta -, FedEx, Reuters, Cornell University, Industries, Thomson Locations: Detroit, Berkley, Berkley . Union, New York, Atlanta

☆ Morning Bid: Markets juggle 5% yields and 150 yen
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsA look at the day ahead in U.S. and global markets from Mike DolanPartly unwinding pre-weekend safety hedges related to the Middle East conflict, world markets are back focused on some critical macro priced levels and milestones that may once again define the week. The dollar retained its bid as a result and continued to probe the 150 yen level many suspect the Bank of Japan will be keen to protect against with open-market yen buying. But even these megacaps are still in thrall to the worrying squeeze in U.S. bond markets and the breach of the 5% threshold on 10-year tenors on Monday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Goldman Sachs, thrall, that's, That's, Sergio Massa, Javier Milei, Maria Corina Machado, Hess, Berkley, Brown, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Bank of Japan, European Central Bank, Industrial, China, Goldman, Microsoft, Meta, Federal Reserve, Economy, Banco BBVA Argentina, Peronist, Massa, Venezuelan, Chevron, Exxon, Natural Resources, Brown, Cadence, Packaging Corp of America, Fed, Bank of Israel, Trade Organization, Treasury, Reuters, Thomson Locations: New York City, U.S, Gaza, China, Taiwan, outflows, 50bps, York, America, Venezuela, Geneva

UAW President Shawn Fain has transformed the rituals of contract talks with General Motors(GM.N), Ford(F.N) and Chrysler parent Stellantis (STLAM.MI) into a high-stakes, made-for-media game. GM and Ford said Monday they were indefinitely laying off another 500 workers at four Midwestern plants, citing the impact of the walkouts. Analysts looking ahead to third-quarter financial results this month are starting to reckon the costs of what the UAW calls "Stand up strikes." Ford plans four EV battery plants in the U.S. - three under joint ventures with South Korean battery maker SK On(096770.KS). GM's joint venture battery plants also have separate status and GM has declined to include them in negotiations.

Persons: Shawn Fain, Mack Trucks, Ford, JP Morgan, Fain, Harley Shaiken, Mary Barra, Jim Farley, Farley, CATL, GM's, . Company bargainers, Joseph White, Ben Klayman, David Shepardson, David Gregorio Our Organizations: DETROIT, United Auto Workers, Detroit Three, UAW, General Motors, Ford, Chrysler, Volvo Group, GM, Chevrolet, University of California Berkley, automaker's, automaker's Michigan Assembly, SK, . Company, ”, Thomson Locations: Escalade, automaker's Michigan, U.S, Korean, Marshall , Michigan

☆ Morning Bid: Tesla, Netflix underwhelm
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +4 min

[1/2] A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. REUTERS/Thomas Peter/File PhotoA look at the day ahead in U.S. and global markets from Mike DolanAn overdue cold shower? July 20 (Reuters) - The first of the supercharged Big Tech firms to report in this earnings season - Tesla and Netflix - seemed to underwhelm markets overnight, cutting across the enthusiastic reception for big banks and knocking back bulled-up Wall St from 2023 highs. Although electric car giant Tesla (TSLA.O) comfortably beat second quarter profit forecasts, markets seized on plans for continued price discounting and squeezed margins as a reason to drag its shares down almost 4% in overnight trading. In the fixed income world, Treasury yields crept back higher ahead of next week's Federal Reserve meeting.

Persons: Thomas Peter, Mike Dolan, Dow Jones, McLennan, Philip Morris, WR, DR Horton, Janet Yellen, John Organizations: REUTERS, Big Tech, Netflix, Overseas, Citizens, US Bancorp, Energy, Healthcare, Abbott Laboratories, Johnson, Blackstone, Truist Financial, American Airlines, Marsh, WR Berkley, CSX, Philadelphia Federal Reserve, Treasury, Reuters Graphics Housing, Reuters Graphics Reuters, Thomson, Reuters Locations: Beijing, China, U.S, Russia, Britain, Newmont, Freeport, McMoRan, DR, Philadelphia, Turkey, South Africa, Vietnam

☆ These are the 3 key things that will impact the stock market in the week ahead
▼ + stars: | 2023-07-15 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

A lot was riding on these important measures of inflation after the scorching-hot ADP jobs report last week. Here are 3 things you need to know for the week ahead: 1. Industrial production and capacity utilization, also out Tuesday, shines a light on manufacturing, which attributes about 12% to U.S. GDP. Six months is generally considered to represent a balance between supply and demand in the housing market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Morgan Stanley, Johnson, Jeff Miller, Lockheed Martin, Charles Schwab, JB Hunt, Goldman, Baker Hughes, Ally, Kinder Morgan, Zions, Philip Morris, Abbott, ABT, Jim Cramer's, Jim Cramer, Jim, Scott Olson Organizations: Nasdaq, Dow Jones Industrial, Housing, CPI, Halliburton, HAL, Johnson, of America Corp, Lockheed, Lockheed Martin Corp, Novartis International AG, PNC Financial Services Group, Inc, PNC, Charles Schwab Corp, Bank of New York Mellon Corporation, BK, Synchrony, Interactive, Goldman Sachs Group, U.S . Bancorp, ASML, Citizens Financial, T Bank Corp, Northern Trust Corporation, Horizon National Corp, Business Machines Corp, IBM, United Airlines, Netflix, Steel Dynamics, Alcoa, Discover Financial Services, Crown, International Corp, Equifax Inc, Las Vegas Sands Corp, Liberty Energy Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Company, American Airlines Group Inc, Travelers Companies, SAP, Nokia Corp, Truist Financial Corporation, Company, McLennan Companies, Infosys Technologies Ltd, Newmont Mining Corp, Fifth Third Bancorp, Pool Corporation, Alfa Laval, Webster Financial Corp, Blackstone, Financial Corp, PPG Industries, CSX Corp, CSX, Berkley Corp, Swift Transportation Holdings Inc, American Express Co, AutoNation Inc, Interpublic, of Companies, Autoliv Inc, Huntington Bancshares, Financial Corporation, Roper Technologies, Comerica, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Las, ZION, Horton, Freeport, Marsh, ALFVY, W.R, Lemont , Illinois

☆ Tiktok parent company ByteDance wants to capitalize off the success of BookTok but authors worry it might ruin BookTok in the process
▼ + stars: | 2023-07-01 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

After the viral success of BookTok, TikTok's parent company has now launched 8th Note Publishing. Meanwhile, publishing professionals are skeptical that viral success alone could sustain sales. TikTok's parent company, ByteDance, has launched a new publishing company, worrying some authors who told the New York Times they're concerned the social media company will unfairly promote their own books. Furthermore, 8th Note Publishing has yet to offer authors competitive advances compared to traditional publishing companies, the Times reports. In response to these concerns, TikTok told the Times that 8th Note Publishing would operate separately from TikTok.

Persons: New York Times they're, BookTok, TikTok, Dustin Thao, ByteDance, Ella Fox, Cindy Hwang, Berkley Organizations: Publishing, New York Times, Times Locations: bibliophiles, TikTok

[1/3] A nurse prepares to administer the AstraZeneca/Oxford vaccine under the COVAX scheme against the coronavirus disease (COVID-19) at the Eka Kotebe General Hospital in Addis Ababa, Ethiopia March 13, 2021. REUTERS/Tiksa Negeri/File PhotoLONDON, June 26 (Reuters) - Several billions of dollars left in a scheme to deliver COVID-19 vaccines to the world’s poorest could be diverted to prepare for other pandemics or to support vaccine manufacturing in Africa, the scheme's partners said. The initiative is set to wind up at the end of this year, although some of its work will continue. With demand for COVID-19 vaccines dwindling, the partners are now working out how best to use the remaining cash – a significant sum in global health – alongside the donors who originally pledged it. Another idea that has gained traction is to use some of the money to boost vaccine manufacturing in Africa, Saraka-Yao said.

Persons: drugmakers, ”, Marie, Ange Saraka, Gavi’s, Yao, Melinda Gates, ” Saraka, Gavi, Muhammad Ali Pate, David Marlow, Seth Berkley, Jennifer Rigby, Christina Fincher Organizations: AstraZeneca, Oxford, REUTERS, Tiksa, Gavi, Vaccine Alliance, World Health Organization, WHO, Coalition for, Reuters, Melinda Gates Foundation, Thomson Locations: Addis Ababa, Ethiopia, Africa, COVAX, United States, Germany, Nigeria

☆ Julie Garwood, Best-Selling Romance Novelist, Dies at 78
▼ + stars: | 2023-06-21 | by ( Neil Genzlinger | ) www.nytimes.com time to read: 1 min

Julie Garwood, a romance novelist whose books — some set centuries ago, some sampling present-day maladies like computer hacking and Ponzi schemes — routinely landed on best-seller lists, died on June 8 at her home in Leawood, Kan., on the Missouri border. Her publisher, Berkley, part of the Penguin Group, announced her death in a statement but did not specify a cause. More than 40 million copies of Ms. Garwood’s books are in print in 32 languages, the company said. She was in her 40s when her writing career took off. She was prolific: “Rebellious Desire,” “Honor’s Splendor,” “The Lion’s Lady” and “The Bride” all followed before the end of the 1980s.

Persons: Julie Garwood, “, ” Organizations: Berkley, Penguin Group Locations: Leawood, Kan, Missouri, England

☆ Can HBO’s ‘The Idol’ Bring Back ’80s Sleaze?
▼ + stars: | 2023-06-06 | by ( Steven Kurutz | ) www.nytimes.com time to read: +2 min

The first episode begins with the pop star Jocelyn, played by Lily-Rose Depp, baring her breasts during a photo shoot as a team of handlers, crew members and an ineffectual intimacy coordinator look on. There will be no flannel PJs for Joss; a pair of wake-up scenes make it clear to viewers that she sleeps in a thong. It isn’t only the show’s gratuitous nudity that harks back to Mr. Lyne and company, but the overall look and mood, which recall a louche glamour from the time of boxy Armani suits and cocaine nights. A main setting is a $70 million mansion in Bel Air that looks like something out of Mr. De Palma’s “Scarface” but is in fact Mr. Tesfaye’s real-life home. A number of young viewers have said they find sex scenes embarrassing, but Mr. Levinson, who created the HBO drama “Euphoria,” and his fellow producers have made no secret of their desire to pay homage to the heyday of Cinemax (when it had the nickname Skinemax).

Persons: Jocelyn, Lily, Rose Depp, baring, Mr, Tesfaye, Joss, Lyne, De Palma’s, ”, Tesfaye’s, Levinson, Elizabeth Berkley, Longworth Organizations: Royce, HBO, Cinemax, Risky, ”, American Cinematheque Locations: Bel Air, Los Angeles

☆ How companies should prepare for a possible US default
▼ + stars: | 2023-05-22 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

“Companies need to have a plan.”Figure out exposure to government fundsSome companies may not be immediately impacted by a default. White recommends companies in those industries, especially, hold regular meetings to figure out a plan in case payments are delayed. JPMorgan Chase CEO Jamie Dimon told Bloomberg earlier this month that the bank was holding weekly meetings to prepare for a possible default. But until then, companies “need to know, can we last until that point? Companies should also be as efficient as possible so they’re not spending more than they need to, she said.

CNN —Two adults have been charged after a 7-year-old brought a gun to a Grand Rapids, Michigan, elementary school, authorities said Tuesday. In January, a teacher at an elementary school in Newport News, Virginia, was shot by a 6-year-old student who brought a gun to school in his backpack, police said. “To see an 8-year-old walk into school with a loaded gun shortly thereafter was astounding to me.”The loaded gun was found inside a third grader’s backpack at Stocking Elementary School, CNN affiliate WXMI reported. The gun discoveries on school grounds prompted the school district to announce a ban on bringing backpacks to school. Another Michigan school district, Flint Community Schools, also banned backpacks as of May 1, citing safety concerns.

☆ Take a look at the 82-page pitch deck a millennial spent over 100 hours writing that helped him raise $7 million to invest in properties
▼ + stars: | 2023-05-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

James Berkley quit his hedge fund job in 2021 to invest in real estate full-time. He crafted an 82-page deck to raise money from investors to launch his first fund. I decided to quit my job in May of 2021," said Berkley, who was profiting about $25,000 per month from his real estate deals at the time, more than enough to live on. One of the first things he did after quitting was fine-tune a pitch deck to raise money for his first real estate fund. Today, Berkley runs two funds: FI Real Estate Fund One, LLC and FI Real Estate Fund Two, LP.

☆ A freelancer who is financially independent from his real estate portfolio shares the 'pyramid model' that helps him decide how to invest his money
▼ + stars: | 2023-04-23 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Atif Afzal has built wealth and created financial independence via real estate investing, but it's not the only place he puts his money. Real estate is the lowest risk for me because traditionally it has always grown." Despite his success as a real estate investor, he's invested in other types of assets, including cryptocurrency and the stock market. Why real estate is at the base of the pyramidFor Afzal, investing most of his money into real estate means "adopting a conservative approach," he said. Seattle-based real estate investor and self-made millionaire Todd Baldwin similarly believes that real estate investing is the most tried-and-true way to generate wealth.

☆ Stocks making the biggest moves premarket: Procter & Gamble, CSX, PPG Industries and more
▼ + stars: | 2023-04-21 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

In this photo illustration a Procter and Gamble logo seen displayed on a smartphone with stock market percentages in the background. Procter & Gamble also boosted its forecast for organic sales growth for fiscal 2023 to 6% from its earlier forecast of 4% to 5%. PPG Industries – Shares rose 0.8% in the premarket after PPG Industries posted better-than-expected second-quarter guidance. ContextLogic – ContextLogic shares advanced 16% in premarket trading after the online e-commerce platform announced a $50 million share repurchase program. The firm reported adjusted earnings of 63 cents per share on revenue of $7.74 billion.

CSX — The transportation company's shares were up 2.6% after the company's first-quarter earnings and revenue topped analysts' expectations. CSX posted earnings of 48 cents per share and revenue of $3.71 billion. Knight-Swift Transportation — Shares fell less than 1% after the freight transportation company reported a miss on earnings for the first quarter. The company reported adjusted earnings of 73 cents per share, while analysts estimated per-share earnings of 81 cents, according to FactSet. However, the company's revenue of $1.64 billion came above analysts' expectations of $1.61 billion.

☆ Morning Bid: Oil price relapse
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +4 min

Although oil prices have not yet reversed all their gains from OPEC move, Brent is down more than 5% over the past week and the year-on-year deflation in oil prices is running at 24%. And there's also signs oil loading from Russia's western ports this month is rising to the highest since 2019 -= despite Moscow's pledge to cut output. Tesla (TSLA.O) shares dropped 2% after the electric-vehicle maker's sixth U.S. price cut this year. Helped by the oil price retreat, 2-year U.S. Treasury yields fell back almost 10 basis points to 4.19%. VIX and bear marketsShare price performance, earnings and sales for TeslaReuters GraphicsReuters GraphicsBy Mike Dolan, <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

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