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☆ Messaging app Telegram to allow Tether stablecoin payments
▼ + stars: | 2024-04-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Stablecoin Tether and Circle's USDC dominate the market. Justin Tallis | Afp | Getty ImagesTelegram users can now start making stablecoin USDT payments to each other through the encrypted messaging service's linked blockchain. It is integrated with the Telegram app. After this, users will be able to purchase USDT and send money to other users by selecting Tether's token as a payment option. The move could help make Tether's USDT coin more mainstream.

Persons: Justin Tallis, USDT Organizations: Afp, Getty, Open, U.S .

☆ Buckingham Palace's gates are boarded up after someone crashed a car into them, police say
▼ + stars: | 2024-03-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

London police said a car crashed into the gates of Buckingham Palace on Saturday morning. AdvertisementAn unnamed man was arrested early Saturday morning after a car crashed into the gates of Buckingham Palace, local police said. He was assessed and sectioned under the UK's Mental Health Act, police added. Photos of Buckingham Palace on Sunday show its gates boarded up with scaffolding and wooden planks, while waist-high metal fencing shielded the entrance. People walk past a set of boarded up gates to Buckingham Palace in London on March 10, 2024.

Persons: —, JUSTIN TALLIS, SWNS, Kate Middleton, Middleton Organizations: London, Mental, Service, Metropolitan, Getty Locations: Buckingham, Buckingham Palace, London, Kensington

☆ Big Tech goes from 'teenager' to 'grown-up' under landmark EU law. Here's what you need to know
▼ + stars: | 2024-03-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Justin Tallis | AFP via Getty ImagesAn EU law that seeks to rein in large digital companies has officially kicked in, spelling big changes for primarily U.S. tech giants. CNBC runs through how the law impacts large U.S. tech companies — as well as consumers in the EU. The EU Digital Markets Act primarily impacts U.S. tech giants — the likes of Alphabet , Amazon , Apple , and Meta . The rules have already sparked big changes for tech giants in how they serve customers in the EU. It's likely more adjustments will come, as competitors to Big Tech firms aren't happy with the proposals put in place so far.

Persons: Justin Tallis, Bill Echikson, Echikson, ByteDance, Apple Organizations: Apple, Facebook, Microsoft, Getty, Digital Markets, European Commission, Center for, CNBC, Big Tech, EU Digital Markets, Meta, Google, Companies, EU, Spotify Locations: EU, U.S, iPhones

☆ Forget the Ritz. I dined at a restaurant inside a London prison, and it's the best place to eat in the city.
▼ + stars: | 2024-02-11 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +5 min

Read previewI've lived in London for nearly two years and have been visiting the capital city for even longer. The food scene is pretty diverse, and London has a reputation for having chain restaurants and upscale dining experiences, like the Ritz and after-the-theater restaurants around Covent Garden. But recently, I dined at quite the hidden gem: The Clink Restaurant inside Brixton Prison. Entering the prison reminded me of going through airport securityWe had to go through security before entering the restaurant. The restaurant is located in the center of the prison courtyardThe Clink is housed in a converted governor's house that dates back to 1819.

Persons: —, Eibhlis Gale, Coleman, I've, JUSTIN TALLIS, Granny Smith, I'd, frazzled Organizations: Service, Ritz, Business, Getty Locations: London, Covent, Brixton, It's, Yorkshire

☆ 'Very good chance' that U.S. passes stablecoin laws this year, Circle CEO says
▼ + stars: | 2024-01-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Justin Tallis | Afp | Getty ImagesThe CEO of Circle, the company behind popular stablecoin USD Coin, sees a strong chance that laws for stablecoin issuers like itself will come through in 2024. The U.S. is yet to pass federal crypto regulation, even as jurisdictions around the world are approving new crypto-focused laws. But Jeremy Allaire, Circle's boss and co-founder, hopes that things will change this year, stating that there is a "very good chance" U.S. lawmakers approve a stablecoin bill. "Stablecoins in particular remain the killer app for blockchain technology," Allaire told CNBC. "It's been a really powerful time for that and we think 2024, with things like the spot ETF and world regulatory clarity, is going to open this up even wider."

Persons: Justin Tallis, Jeremy Allaire, Circle's, Allaire, Crypto, Dante Disparte, Disparte, CNBC's MacKenzie Sigalos Organizations: Afp, Getty, CNBC, Economic, Treasury, Federal, House Financial, U.S . Securities, Exchange Commission, SEC, Allaire Locations: London, U.S, Davos, Switzerland, United States

☆ Here are stocks overlooked and ready for a hot streak and crowded trades ready to cool off
▼ + stars: | 2023-11-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

That's the conclusion of a new Morgan Stanley research report, which makes us feel really good about where we stand on both Club stocks. Each quarter, Morgan Stanley looks at under-owned stocks and over-owned stocks — basically which ones are overlooked and ready for a hot streak and which ones are crowded and ready to cool off. However, Morgan Stanley said Meta kept its most over-owned crown — and coincidently, its shares closed lower. To be sure, Morgan Stanley maintained an overweight rating on Apple shares. META YTD mountain Meta Platforms (META) year-to-date performance Conversely, Morgan Stanley said Meta's average active institutional ownership increased by 18 basis points quarter-over-quarter.

Persons: Morgan Stanley, We're, Meta, Morgan Stanley's, Microsoft's, We're bullish, Mark Zuckerberg's, Jim Cramer's, Jim Cramer, Jim, Justin Tallis Organizations: Microsoft, Meta, Morgan, Apple, DOJ, Nvidia, Oracle, Broadcom, CNBC, Getty Locations: China

☆ London pro-Palestinian march to proceed, Sunak asks police for safety assurances
▼ + stars: | 2023-11-08 | by ( Michael Holden | ) www.reuters.com time to read: +2 min

"(Rowley) has said that he can ensure that we safeguard remembrance for the country this weekend as well as keep the public safe," Sunak said. The Palestinian Solidarity Campaign, which is organising Saturday's march, has said it would avoid the Cenotaph, London's main war memorial. Since Oct. 7, London police have made 188 arrests for hate crimes, including 98 for suspected antisemitic offences, 21 for Islamophobic offences and 12 for "faith hate crimes". "We continue to see a very concerning rise in both antisemitic and Islamophobic hate crime," Commander Paul Trevers said. Most of the antisemitic offences were reported in London's Hackney area, home to a large Jewish community.

Persons: Rishi Sunak, Mark Rowley, JUSTIN TALLIS, Sunak, Rowley, Paul Trevers, Britain's, Michael Holden, Rod Nickel Organizations: Britain's, Metropolitan Police, British, Palestinian Solidarity Campaign, London, Community Security Trust, Thomson Locations: Kilburn, London, Britain, Israel, England, London's Hackney

That shift in legal doctrine was profound, shaping how courts have applied antitrust law ever since. Khan’s ideas have challenged the closest thing to a sacred cow in antitrust law. The most ambitious of those never became law, but Khan’s role in the probe, which Cicilline described as “critical,” helped further raise her profile. Amazon and Meta have both pushed for Khan to recuse herself from matters involving the companies, questioning her objectivity. The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers.

Persons: Lina Khan, Khan, Stephanie Keith, ” Khan, “, Joe Biden, ”, William Kovacic, George W, Bush, Barry Lynn, Lynn, New America Foundation —, Obama, —, ” Lina Khan, Rong Xu, ” Lynn, it’s, ’ ”, Reagan, Robert Hockett, Khan’s, David Cicilline, Lina, ” Cicilline, Cicilline, Justin Tallis, Biden, Trump, Douglas Farrar, Gary Gensler, Tom Williams, Jonathan Kanter, Roe, Wade, Kevin Kiley, Meta, she’s, “ We’ve, they’re, Federal Trade Commission Lina Khan, Al Drago, Kathleen Bradish, Bradish, Christine Wilson, Wilson, Noah Phillips, Gabby Jones, NetChoice, Carl Szabo, “ It’s, ” Szabo, There’s, ” Kovacic Organizations: CNN, Federal Trade Commission, Amazon, FTC, Big, Microsoft, Meta, Bloomberg, Getty, Republican, White House, Williams College, New America Foundation, Washington Monthly, Yale Law, Washington Post, Cornell Law School, Big Tech, Rhode, Rhode Island Democratic, Apple, Facebook, Cambridge, Activision, SEC, Financial Services, General Government, Securities and Exchange Commission, Capitol, Justice Department, Epic Games, California Republican, Washington , D.C, American Antitrust Institute, GOP, US Federal Trade Commission, Amazon.com Inc Locations: Big Tech, Robbinsville , New Jersey, Washington, Larchmont , New York, Rhode Island, Washington ,, New York

This was a secret school, set up to teach girls despite the bans on female education imposed by the Taliban since they retook control of Afghanistan two years ago. Girls, faces partially covered, attend class at a hidden school in Afghanistan. CNN‘I wanted to scream, but I couldn’t’Inspired, in part, by a 1996 Christiane Amanpour documentary titled “Battle for Afghanistan,” Hakim decided to create secret schools for a new generation of Afghan girls. After the militant group imposed the bans on girls’ education, Maryam says she was trapped at home and felt like a “zombie,” with nothing to do and nowhere to go. Hope stronger than fearBack at the secret school, Maryam learns the Taliban are checking neighborhoods for illegal activities and fears they risk being caught.

Persons: CNN — Parasto Hakim, Hakim, “, ” Hakim, –, CNN Hakim, ”, CNN ‘, Christiane Amanpour, Maryam, ” Maryam, Fatima, ” Fatima, Yalda, ” Yalda, Koofi, Hakim –, ” Koofi, ” Fawzia, Justin Tallis Organizations: CNN, Girls, United Nations, UN, ” CNN, ”, Taliban, Getty Locations: Afghanistan, Kabul, States, United, London

☆ Britain’s Sunak issues rallying cry for a party that is already planning life without him
▼ + stars: | 2023-10-04 | by ( Luke Mcgee | ) edition.cnn.com time to read: +11 min

While the party establishment loathes Farage, Conservative members greeted him with open arms and requests for selfies after he arrived on Monday afternoon. The Conservative Party has always been a broad church, with competing factions jostling for supremacy. But Conservative Party members are rather different to the general public. Supporters applaud as Britain's Prime Minister Rishi Sunak speaks during the Conservative Party annual conference on Wednesday. Bookmakers' odds on the next UK general election are displayed outside the Manchester venue for the Conservative Party Conference on October 4, 2023.

Persons: Rishi Sunak, Boris Johnson, Liz Truss, –, steadying, ” Sunak, Sunak, Nigel Farage, loathes Farage, Hannah McKay, Kemi Badenoch, don’t “, Justin Tallis, Jeremy Hunt, Jon Super, Brexit, Johnson, didn’t, “ He’s, ”, Braverman, Grant Shapps, Suella Braverman, James, Stefan Rousseau, Christopher Furlong, Rishi Organizations: England CNN — British, Conservative Party, Conservative, CNN, Conservatives, Euroskeptic, Independence Party, European Union, selfies, Britain's UK Independence Party, PM, Labour Party, European, Human, Labour, British, Getty, Conservative Party Conference Locations: Manchester, England, “, North, Midlands, London, Sunak

In our view, the companies in the regulators' sights — Alphabet 's (GOOGL) Google, Amazon (AMZN) and Microsoft (MSFT) — are not engaged in anti-competitive behavior. In January, the DOJ filed a second, separate antitrust lawsuit against Alphabet in the U.S. District Court for the Eastern District of Virginia. MSFT YTD mountain Microsoft YTD U.K. regulators have also hounded the Big Tech name, aiming to block Microsoft's acquisition of Activision over cloud gaming concerns. In a showdown years in the making, the FTC last month filed a highly-anticipated antitrust lawsuit against e-commerce giant Amazon. The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone and a laptop screen.

Persons: Satya Nadella, —, Nadella, Bing, Jim Cramer, Activision Blizzard, ChatGPT, Morgan Stanley, Joe Biden, Lina Khan, Khan, Jim, Jim Cramer's, Justin Tallis Organizations: Big Tech, Google, Microsoft, Washington D.C, Justice, District of Columbia, DOJ, Eastern, of, Activision, Federal Trade Commission, FTC, Ubisoft, U.K, Markets Authority, Yale Law, Amazon, CNBC, Apple, Facebook, Getty Locations: Washington, U.S, of Virginia, Virginia, Amazon

☆ Christiane Endler: Chile’s football federation criticized for handling of star player’s 100th appearance
▼ + stars: | 2023-09-29 | by ( Matias Grez | ) edition.cnn.com time to read: +7 min

CNN —The Chilean football federation (ANFP) has been criticized for its handling of a star player’s 100th appearance for the women’s national team. On Tuesday, Endler, the team’s captain and goalkeeper, made history by becoming the first player to reach 100 caps for the Chile women’s national team in a 2-1 victory over New Zealand. One more for you guys,” Chile national team player Daniela Pardo replied to the graphic on Instagram. Endler captained Chile at its first ever Women's World Cup in 2019. That she has been able to achieve so much is remarkable, coming from a country whose federation has sometimes overlooked its women’s national team.

Persons: Christiane Endler, Endler, “, Edgar Merino, Pablo Milad, ” Milad, Justin Tallis, Tiane, Daniela Pardo, Claudio Bravo, Endler hasn’t, Michael Chow, ” Endler, Germain, Harold Cunningham, FIFPro, Gabriel Boric, ” Camila Garcia, ” Organizations: CNN, Chilean, women’s, Chile women’s, New, New Zealand, Lyon, Women's Champions League, Getty, Chile’s Sports Commission, La Tercera, Chile national, Chile men’s, South, Estadio Nacional, Argentina, Santiago’s, USA, Network, Reuters, ADN, FIFA, Paris Saint, Champions League, America Femenina, Ministry, Labour Locations: Chile, New Zealand, France, La, South American, Santiago’s La Florida, La Florida, Paris, Lyon, Chilean, Haiti

☆ This Club mega cap tech stock is the most over-owned, according to Morgan Stanley. Here's why
▼ + stars: | 2023-08-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Apple (AAPL) became the most under-owned mega cap technology stock at the end of the second quarter, according to a Morgan Stanley research note published Wednesday. That positions the stock for further upside, making us even more optimistic on this essential "own it, don't trade it" Club stock. Behind Apple, the Morgan Stanley report showed, the other most under-owned stocks were Microsoft (MSFT), Nvidia (NVDA), Amazon (AMZN) and Google (GOOGL). Ultimately, analysts at Morgan Stanley argued, "on average, stocks appear to experience a technical pull higher when active ownership is much lower than the market, and vice versa." That, Morgan Stanley analysts said, resulted in the spread between Apple's S & P 500 weighting and active ownership widening by 91 basis points sequentially, to 2.21%.

Persons: Morgan Stanley, Apple, Apple's, Morgan Stanley's, Jim Cramer, Jim, Jim Cramer's, Justin Tallis Organizations: Apple, Microsoft, Nvidia, Google, Oracle, Meta, CNBC, Facebook, Getty Locations: Apple's, India, EU

☆ Oversold or overbought? Here's where our 6 tech mega-caps stand — plus our takes
▼ + stars: | 2023-08-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

Examining overbought or oversold stock levels could be helpful signals for investors looking to add or reduce exposure in a position. When evaluating these names, Bespoke reviewed the standard deviations above or below each stock's 50-day moving average. If a stock is one or more standard deviation above its 50-day moving average, it's classified as overbought. If it's more than one standard deviation below its 50-day moving average, it's oversold. Two or more standard deviations away from the 50-day moving average is classified as an "extreme" overbought or oversold reading.

Persons: —, it's oversold, Paul Hickey, We're, Jim Cramer, Jim, Larry Williams, we'll, Jim Cramer's, Justin Tallis Organizations: Charitable, Investment, Apple, Microsoft, Nvidia, Big Tech, Data Center, Facebook, Meta, Amazon, Amazon Web Services, CNBC, Getty Locations: MSFT, EU

☆ Boeing delivers 60 airplanes in June, racks up hundreds of new orders with Air India deal
▼ + stars: | 2023-07-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A Boeing 737 Max is displayed during the Farnborough Airshow, in Farnborough, on July 18, 2022. So far this year, Boeing delivered 266 aircraft to customers, shy of the 316 rival Airbus has handed over. Boeing said Tuesday it logged orders for 288 aircraft, net of cancellations and conversions, in June, most of them from the massive order Air India announced earlier this year and firmed up at the Paris Air Show last month. Boeing's June tally included nearly 40 787 Dreamliners for new Saudi carrier Riyadh Air, part of a deal announced in March. Boeing's total net orders for the month came in at 305 aircraft after it added some planes to its backlog.

Persons: Max, JUSTIN TALLIS Organizations: Boeing, Farnborough, AFP, Getty Images, Airbus, India, Paris Air, Saudi, Riyadh Air Locations: Farnborough, Riyadh

☆ Summer transfer window: The biggest moves so far as Saudi Arabia becomes major factor
▼ + stars: | 2023-06-23 | by ( Matias Grez | ) edition.cnn.com time to read: +10 min

CNN —European soccer’s summer transfer window is in full swing, with several household names already moving to pastures new. Karim Benzema – Real Madrid to Al-IttihadIn the first major coup of the summer for the Saudi Pro League, Karim Benzema has agreed to join Al-Ittihad once his contract expires with Real Madrid. After a disappointing season, Real Madrid will be hopeful that Bellingham will be a star midfielder for years to come once the ageing Luka Modric and Toni Kroos depart. The 32-year-old midfielder has signed a contract worth around £86 million ($109.8 million) a year, according to UK media. Rice, who was in the youth ranks at Chelsea and then West Ham, was voted Conference League player of the season.

Persons: Cristiano Ronaldo’s, Al Nassr, Karim Benzema –, Karim Benzema, Ittihad, Benzema, Frenchman, Jude Bellingham, Real Madrid Jude Bellingham, Florencia Tan Jun, Bellingham, Luka Modric, Toni Kroos, N’Golo Kanté, Ittihad N'Golo Kanté, Justin Tallis, Kanté, Christopher Nkunku –, Chelsea Christopher Nkunku, Annegret Hilse, Germain, Chrisopher Nkunku, Nkunku, Todd Boehly, Kai Havertz, Germany's, Maja Hitij, Kai Kavertz, Mikel Arteta, Havertz, Boehly, Declan Rice –, Declan Rice, Richard Heathcote, Rice, West Ham’s, Mateo Kovačić –, Mateo Kovačić, Pep Guardiola’s, İlkay Gündoğan, Bernardo Silva, Alexis Mac Allister, Alex Pantling, Lionel Messi, Mac Allister, Jurgen Klopp, Mac, Roberto Firmino’s, Rúben Neves, Al Hilal Rúben Neves, Naomi Baker, Al Hilal, Neves Organizations: CNN, Super League, CNN Sport, Saudi Pro League, Al, Real Madrid, League, La Liga, Real, Champions League, Borussia Dortmund, Birmingham City, English, Ittihad N'Golo, France, Getty, Benzema, Chelsea, Premier League, FA, Europa League, UEFA Super, Leicester, Leipzig, RB Leipzig, Bundesliga, Reuters, Paris Saint, Arsenal, Ukraine, Gunners, Manchester City, football’s, Europa Conference League, Gent, Manchester United, Estadio Santiago Bernabeu, Manchester, Argentina, Brighton, Liverpool, Anfield, Wolverhampton Wanderers, Wolves, Everton, Molineux, Portugal Locations: England, Saudi Arabia, Europe, Portuguese, Saudi Arabian, Karim Benzema – Real Madrid, Al, Ittihad, Bellingham, Dortmund, Real Madrid, Chelsea, Leicester, Paris, Leipzig, Bremen, Germany, Declan Rice – West Ham, West Ham, Mateo Kovačić – Chelsea, Madrid, Spain, Croatian, Brighton, Argentina, Qatar, Barcelona

☆ ‘A Trump tribute act’: Meet Suella Braverman, the commander-in-chief of Britain’s culture wars
▼ + stars: | 2023-05-07 | by ( Rob Picheta | ) edition.cnn.com time to read: +14 min

London CNN —Late last year, after a breakneck ascent of British politics put her in charge of the country’s migration, crime and national security agenda, Suella Braverman revealed her political fantasy. Leon Neal/Getty ImagesAnd she is an equally furious culture warrior, borrowing rhetoric from the American right when lambasting “woke” culture, transgender rights and climate protesters. Sameer Al-Doumy/AFP/Getty ImagesIt is a stance that has drawn sharp criticism – including from within the traditional wing of Braverman’s Conservative Party. Should Braverman succeed at her next bid for the party leadership, her critics fear another rightwards shift in British politics. “She’s recognized that in the current political climate, her way of creating an impact… (is) positioning herself as a Trump tribute act.

☆ Anti-monarchists released from custody after King Charles' coronation
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +3 min

JUSTIN TALLIS/Pool via REUTERSLONDON, May 7 (Reuters) - The leader of anti-monarchy group Republic and other members were released from custody after hours of detention during Saturday's coronation of King Charles that raised questions over whether the police response had been proportionate. Republic said that detained members began to be released late on Saturday evening, after nearly 16 hours in custody. Tens of thousands of people turned out to catch a glimpse of the newly crowned King Charles and Queen Camilla, who rode in a state coach back to Buckingham Palace after Saturday's service at Westminster Abbey. Not everyone who came to watch was there to cheer Charles, with hundreds of republicans booing and waving banners reading "Not My King". "I think overall (the police) managed to get that balance right," Frazer told Sky News.

☆ Barclays Profit Lifted by U.S. Credit-Card Business
▼ + stars: | 2023-04-27 | by ( Josh Mitchell | ) www.wsj.com time to read: 1 min

Barclays combines a major investment bank with substantial consumer, credit-card and business-banking operations. Photo: PHOTO: Justin Tallis/Agence France-Presse/Getty ImagesBarclays PLC ’s profit rose robustly in the first quarter despite banking turmoil that roiled both sides of the Atlantic. Profit grew 27% in the first three months of the year from a year earlier, to £1.78 billion, or about $2.22 billion, the British bank said Thursday. Analysts had expected a profit of £1.45 billion, according to a Barclays poll.

☆ Boeing set to report first-quarter results before the market opens
▼ + stars: | 2023-04-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Boeing 737 Max is displayed during the Farnborough Airshow, in Farnborough, on July 18, 2022. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)Boeing is scheduled to report quarterly results before the market opens on Wednesday and update investors on its outlook for the year as it grapples with a production issue on some 737 Max planes. Earlier this month, the company disclosed a problem with two of eight fittings in a section of fuselage on certain 737 Max planes, its best-seller. Boeing had warned that the issue would slow deliveries of some aircraft. The pace of deliveries is key to its cash flow goals since customers pay for the bulk of the planes upon delivery.

☆ Britain to join Indo-Pacific trade bloc in biggest trade deal since Brexit
▼ + stars: | 2023-03-31 | by ( Sumathi Bala | ) www.cnbc.com time to read: +3 min

Justin Tallis | AFP | Getty ImagesBritain struck a historic trade deal to join a vast Indo-Pacific trade bloc after nearly two years of intense negotiations. The U.K. said this was the country's largest post-Brexit trade deal and makes it the first European nation to join the CPTPP, since it came into force in 2018. watch nowNatalie Black, the U.K.'s trade commissioner for Asia Pacific, called it a "progressive deal" for Britain. Deborah Elms, executive director of the Asian Trade Centre, said it's very hard to calculate these trade figures, especially based on existing trade flows. watch nowThe trade flows are always "under what you actually are likely to see in the reality as businesses recognize the benefits and start to use a trade agreement like the CPTPP," she added.

☆ The rock-solid balance sheets of Big Tech firms like Meta make them a safe investment in a volatile market
▼ + stars: | 2023-03-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

And in these moments of economic uncertainty and market volatility, investors should look to buy up the stocks of companies with the highest-quality balance sheets. The Club's Big Tech holdings — Google parent Alphabet (GOOGL), Meta Platforms (META), Apple (AAPL), Microsoft (MSFT) and Amazon (AMZN) — check that box. Alphabet was the group's biggest gainer Wednesday, climbing 2.3%, followed by Meta and Microsoft, which rose 1.9% and 1.8%, respectively. META 5D mountain Meta Platforms (META) five-day performance. The benefits of a sturdy balance sheet are manifold, especially when it comes to the cash piles Big Tech companies have accumulated.

The news: Morgan Stanley said Alphabet, Amazon (AMZN) and Meta are among the stocks that are best positioned to capture long-term gains from maturing artificial intelligence (AI) capabilities. AI has the ability to "accelerate digital transformation, change consumer behavior and drive more durable multi-year digital growth," Morgan Stanley analysts wrote in a research note this week. Moreover, this "AI Effect" could create a $780 billion online advertising opportunity, with "GOOGL and META as the largest beneficiaries," according to Morgan Stanley. The Club take: The Morgan Stanley note is further validation of just how real the generative AI opportunity is. So, it's encouraging to see Morgan Stanley paint a positive picture about Apple in the near-to-medium term.

☆ BP CEO defends spending plans as climate protesters block entrance to London energy conference
▼ + stars: | 2023-02-28 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

Holding banners reading "Climate Criminals Enter Here" and "No New Oil," activists from climate action group Fossil Free London gathered outside the luxury hotel to protest BP's continued fossil fuel investment. "An energy system that works is one that provides energy that is secure and affordable as well as lower carbon — what's known as the energy trilemma," Looney said. "To solve it, action is clearly needed to accelerate the energy transition and at the same time, that transition has got to be orderly. We need to invest in the energy transition and — not or — we need to invest in today's energy system, which is predominantly an oil and gas system." The extraordinary scale of the oil and gas industry's earnings has renewed criticism and sparked calls for higher taxes.

☆ Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker'
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] Microsoft founder Bill Gates reacts during a visit with Britain's Prime Minister Rishi Sunak of the Imperial College University, in London, Britain, February 15, 2023. Justin Tallis//Pool via REUTERSAMSTERDAM, Feb 22 (Reuters) - Bill Gates has bought 3.76% stake in Dutch drinks giant Heineken Holding NV (HEIO.AS), although the billionaire founder of Microsoft has previously said he was "not a big beer drinker." Heineken Holding owns a controlling stake in brewer Heineken NV (HEIN.AS). A separate filing also dated Feb. 17 showed FEMSA sold all 18 million shares it held in Heineken Holding. Gates purchased 10.8 million shares, worth 883 million euros ($939.87 million) at current market prices, triggering a disclosure requirement under Dutch stock market rules.

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