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☆ The stock market is in its longest stretch without a 2% sell-off since the financial crisis
▼ + stars: | 2024-06-21 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The S&P 500 has gone 377 days without a 2.05% sell-off. That's the longest stretch for the benchmark since the great financial crisis, according to FactSet data compiled by CNBC. Zoom In Icon Arrows pointing outwards The S&P 500 has gone 377 days without a selloff of 2.05% or more, which is the longest period since the Great Financial Crisis. Year to date, the S&P 500 is up more than 14%. Zoom In Icon Arrows pointing outwards The S&P 500 has notched the longest stretch without a 2.15% or more gain since the Great Financial Crisis.

Persons: Angela Weiss, Adam Turnquist Organizations: New York Stock Exchange, Afp, Getty, CNBC, Nvidia, LPL

☆ There are currently no plans for 'Baby Reindeer' season 2, but the Fiona Harvey controversy is ripe for dramatization
▼ + stars: | 2024-05-15 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewNetflix seemingly has no plans for "Baby Reindeer" season two, but the Fiona Harvey controversy could easily be turned into a drama series of its own. Netflix could now dramatize the controversy surrounding Harvey and Gadd, which has unfolded since the show's release on April 11. Piers Morgan and Fiona Harvey on "Piers Morgan Uncensored." Piers Morgan Uncensored/YouTubeA second season could take a similar approach to another biographical Netflix drama: "Scoop." Considering the delicate nature of the events surrounding Gadd, Harvey, and Morgan, it would make sense to cast actors to play them.

Persons: —, Fiona Harvey, Richard Gadd's, Donny Dunn, Martha Scott, Dunn, Scott, Gadd, Harvey, Piers Morgan, Viewers, Richard Gadd, Gillian Anderson, Rufus Sewell, Prince Andrew, Morgan, Netflix hasn't, Gadd's Organizations: Service, Business, Netflix, BBC, Lions

☆ Roblox steps up its 'year of scale' with new ad formats, hires, and key partnerships as it aims to build a $1 billion ads business
▼ + stars: | 2024-05-01 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Video ads within Roblox are similar to real-world digital out-of-home advertising. A Roblox Portal Ad for a "Teenage Mutant Ninja Turtles" pizza party experience. Roblox/GamefamRoblox's partnerships boss, Christina Wootton, previously told Business Insider that while 2023 was a year of testing, 2024 would be the "year of scale" for its ads business. Roblox ads are labeled and can only be served to users over the age of 13, the company said. "If you literally just slap ads within the game, people are going to run a mile," Litman added.

Persons: Roblox, we'll, Stephanie Latham, Christina Wootton, Michael Guthrie, Latham, Ben Fox, David Vesper, it's, Nathan Pillot, Pillot, It's, Michael Litman, Litman Organizations: Business, Walmart, Warner Bros . Pictures, HUGO, Meta, Yahoo, Google, Social, viewability, Media.Monks, Logitech Locations: Roblox

☆ Elon Musk and 'anti-Biden brain trust' bonded at exclusive Hollywood Hills dinner, report says
▼ + stars: | 2024-05-01 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Read previewElon Musk, at an exclusive April dinner, commiserated with a group of billionaires about their distrust in Democratic politicians like Joe Biden, according to a new report by Puck. The outlet reported that Musk and venture capitalist David Sacks hosted the private event at Sacks' $23 million estate in the Hollywood Hills. This story is available exclusively to Business Insider subscribers. Related storiesRepresentatives for Musk, Sacks, and other dinner attendees identified by Puck did not immediately respond to requests for comment from Business Insider. "In the past I voted Democrat, because they were (mostly) the kindness party," Musk wrote in a tweet in May 2022.

Persons: —, Elon, Joe Biden, Puck, David Sacks, Sacks, Peter Thiel, Travis Kalanick, Steven Mnuchin, Donald Trump, Biden, Musk, Michael Milken, Milken's, Milken, Trump, OpenSecrets, Don Lemon, Lemon Organizations: Service, Hollywood, Business, Democratic, Biden, Houston Chronicle, SpaceX hasn't, Trump, National Republican Congressional Committee, Democratic Party, Republican, The New York Times, CNN Locations: Palm Beach , Florida

☆ These 8 stocks will post unexpectedly strong Q1 earnings during one of the best settings for stock-pickers in almost 20 years, according to Evercore
▼ + stars: | 2024-04-09 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Evercore ISISurprisingly strong economic growth will fuel a 5.5% year-over-year jump in corporate earnings this quarter, according to Evercore. That would be well above analysts' consensus of about 3% but below the nearly 8% growth rate in Q4. 8 stocks set to outperform soonThough US stocks broadly may be in for a rough ride, stock-pickers shouldn't get too worried. To help with the search, Emanuel and company highlighted eight stocks set to outperform during the Q1 earnings season. Below are the eight companies listed in alphabetical order along with their ticker, market capitalization, sector, expected earnings release date, year-to-date earnings revision, and expected earnings growth rate relative to their sector peers.

Persons: —, Julian Emanuel, Emanuel, recalculate, Evercore, Emanuel's, didn't, shouldn't, Zscaler Organizations: Service, ISI, Business, PPG Industries

☆ 'Perfect Match' season two will feature 3 'Love Is Blind' alums — and it's coming this summer
▼ + stars: | 2024-03-14 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +4 min

Netflix's "Perfect Match" season two will premiere sometime this summer. AdvertisementNetflix's super-reality show "Perfect Match" is coming back — and you'll recognize a few familiar faces from "Love Is Blind." We don't know too much yet about "Perfect Match" season two — but here's everything that we've learned so far. When will 'Perfect Match' season 2 premiere? But host Nick Lachey confirmed during the "Love Is Blind" season six reunion that it would be hitting screens sometime this summer.

Persons: alums Izzy Zapata, Micah Lussier, Jessica Vestal, —, it's, we've, Nick Lachey, Vanessa Lachey, Izzy Zapata, Micah, Jess, Izzy, Lachey, Vestal, Zapata, Stacy Snyder, didn't, Lussier, Paul Peden, Netflix hasn't, Constantin, Trevor Sova, Sova's, Natalia Coelho, Harry Jowsey, Reality Ashley, Dom Gabriel, Jowsey Organizations: Service, Netflix, Clemson, TMZ, Jowsey Locations: Mexico

☆ You can watch movies under the stars using the projector built into the 'treehouse' tent for Rivian's R2 and R3 models
▼ + stars: | 2024-03-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Rivian will sell a rooftop tent with a built-in projector for its new models, TechCrunch reported. The tent, called "Treehouse," will be sold as an accessory to its upcoming R2 and R3 models, TechCrunch reported. AdvertisementThe Rivian Treehouse is our take on the rooftop tent. The EV maker is taking $100 preorders for the R2 SUV, with prices for the vehicle starting at $45,000. AdvertisementOwners can also camp inside the R2 SUV as every seat can be folded down.

Persons: Rivian, —, Rivian's, Brian Gase, Gase, lanning Organizations: TechCrunch, EV, Service

☆ The most jaw-dropping moment on 'Love Is Blind' this season wasn't between any of the leads
▼ + stars: | 2024-03-08 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

Read previewWarning: Spoilers ahead for the "Love Is Blind" season six finale. When Clay said "I don't" to AD at the altar in the season six finale of "Love Is Blind," the only one who was surprised was AD herself. AdvertisementMargarita was already an MVP when she first showed up earlier this seasonClay's mom first appears on "Love Is Blind" season 6 episode 9. NetflixClay's mom Margarita had already won legions of "Love Is Blind" fans over with her no-nonsense attitude when she first showed up in episode nine. The "Love Is Blind" season six reunion airs March 13 at 9 p.m.

Persons: —, Clay, Margarita, Trevor, Margarita masterfully, Margarita doesn't, Clay —, Sarah Ann, DM'ing, they're, Here's, I've, I'm, Netflix It's, it's Organizations: Service, Business, Netflix Locations: Clay, Margarita, Chelsea, Jimmy's

☆ Record highs in the stock market are defying a 100-year-old indicator
▼ + stars: | 2024-01-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Record highs in the stock market have yet to be confirmed by a more than 100-year-old indicator. Dow Theory says both indexes need to move in tandem to confirm a bull market in stocks. AdvertisementRecord highs in the stock market have yet to be confirmed by a more than 100-year-old indicator: Dow Theory. The current divergence between the two major stock market averages represents a tactical risk for US equities in 2024, according to a recent note from Bank of America. The continued weakness in the Dow Jones Transportation Average is a red flag because transportation stocks are viewed as a leading indicator for the stock market and economy.

Persons: Dow, —, Stephen Suttmeier, Charles Dow Organizations: Dow Transportation, Dow, Dow Theory, Service, Dow Jones, Dow Jones Transportation, Bank of America, " Bank of America, FedEx, UPS Locations: lockstep

Antara Foto/Jojon/via REUTERS Acquire Licensing RightsLONDON, Nov 1 (Reuters) - The bears are out in force on the London Metal Exchange (LME) nickel market. The global nickel market is entering a period of massive oversupply thanks to an Indonesian production boom. INSG assessed monthly nickel supply-demand balanceBIG SURPLUSThe big short is a bet on a big surplus. The global nickel market moved into supply-demand surplus in May last year and has been there ever since, according to the International Nickel Study Group. The exact timing of that tipping-point is still unknown, which means the big short is still a big bet that the supply chain can close the nickel product gap sooner rather than later.

Persons: Antara, aren't, it's, It's, Kirsten Donovan Organizations: PT Vale Indonesia, REUTERS Acquire, London Metal Exchange, Fund, Investment, Study, EV, Shanghai Futures, GAP Indonesia, Jingmen, New Energy Science, Reuters, Thomson Locations: Sorowako, South Sulawesi, Indonesia, Indonesian, London

☆ Usage of Elon Musk's X is 'down by every measure' one year after his takeover
▼ + stars: | 2023-10-31 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Use of X on both iOS and Android is down by 17.8% compared to last year, according to SimilarWeb. Musk has big plans for X, rolling out new features and discussing new ideas at a recent all-hands meeting. These latest usage estimates echo Insider's previous reporting in September on X use and downloads decreasing since Musk's takeover. He wants X to be the "everything app," similar to the Chinese app WeChat. Most recently, the X app introduced the option to hold video and voice calls on X.

Persons: —, Elon Musk, X, X hasn't, Linda Yaccarino, Yaccarino, Musk, Insider's Kali Hays Organizations: Service, Axios, Wall Street

☆ TSMC is stalling an agreement that would make its Phoenix plant safer and more efficient, an Arizona union says
▼ + stars: | 2023-10-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

TSMC and a group of unions are in talks to address Arizona workers' safety and training concerns. AdvertisementAdvertisementThe monthslong feud between the world's leading chipmaker and the union workers building its Arizona factory isn't over. "We've had discussions with TSMC , and we've provided what we feel is a good framework for an agreement," she said. The unions are specifically seeking a project-labor agreement, a legally binding collective bargaining agreement that is unique to the construction industry. The TSMC construction site in Phoenix.

Persons: —, Brandi Devlin, hadn't, TSMC, We've, we've, we're, Devlin, Jacob Zinkula, Joe Biden, Gina Raimondo, Arizona, Phoenix hasn't, Aaron Butler Organizations: Service, Taiwan Semiconductor Manufacturing Co, Arizona, PLAs, chipmaker Micron, US, Phoenix Jacob, Department of Commerce, Commerce Department Locations: Arizona, New York, Phoenix, China, America, TSMC, Taiwan

☆ NBA can shift the balance of power in media with its next rights deal
▼ + stars: | 2023-10-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Every media rights renewal for the NBA is an important event because it only happens about once a decade. But with the National Football League's media rights locked up until 2033, the NBA has a unique opportunity to play media kingmaker. CNBC first reported NBCUniversal's interest in again airing NBA games earlier this year. Carving up the piewatch nowThe NBA will have to balance demand against restricting supply to maximize the price for rights. Discovery's TNT, NBA TV, NBA League Pass or a regional sports network.

Persons: Jimmy Butler, Jamal Murray, Justin Edmonds, clamor, John Skipper, Ted Sarandos, Netflix hasn't, We've, Sarandos, that's, Netflix's Ted Sarandos, Jeff Kravitz, That's, Serbian Nikola Jokić, Victor Wembanyama, It's, Peacock, Michael Jordan, Discovery's Max, Aurelien Meunier, Kevin Durant Organizations: Miami Heat, Denver Nuggets, Ball Arena, Getty, Basketball, Comcast, Google, Apple, Netflix, YouTube, NBA, Disney, Warner Bros, Discovery, National Football, ESPN, Global, Slovenian Luka Dončić, Dallas Mavericks, San Antonio Spurs, NBCUniversal, NBC, CNBC, U.S, Metropolitans, Nielsen, Major League Soccer, Major League Baseball, ABC, TNT, NBA TV, Twitter Locations: Denver , Colorado, NBCUniversal, Hollywood , California, Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain, United Kingdom, United States, Slovenian, Serbian, Levallois, Perret, U.S

Evan Luthra, an app developer, entrepreneur and angel investor, told CNBC he lost $2 million dollars in the collapse of FTX. Jake Thacker, an FTX customer in Portland, Oregon, told CNBC he lost hundreds of thousands of dollars shortly after losing his job in the tech industry. "I was like, oh my goodness, there's all these big name people utilizing FTX," Kannegundla said. Bhagamshi Kannegundla, an FTX customer, told CNBC he sold his bankruptcy claim to reinvest in crypto. Years later, if the FTX bankruptcy process recovers more than the 11 cents on the dollar for his claim, the buyer pockets the difference.

Persons: FTX's, hasn't, Evan Luthra, Luthra, FTX, Bitcoin, everybody's, Sam Bankman, He's, Fatih Aktas, Jake Thacker, Thacker, I'm, CNBC Thacker, Bhagamshi Kannegundla, Larry David, Kannegundla, Bhagamshi, Sunil Kavuri, Kavuri, Brett Harrison, Harrison, he's, Anthony Scaramucci, didn't Organizations: CNBC, Manhattan Federal, Anadolu Agency, Getty, Sequoia, Nurphoto, FTX's, FTX, Financial Technologies, Skybridge Locations: Miami, Manhattan, New York, United States, Portland , Oregon, FTX's, Bahamas, U.S, cryptocurrencies

☆ Leaked Amazon Prime Video pitch reveals new stats to entice advertisers and compete with Netflix and Disney
▼ + stars: | 2023-09-27 | by ( Lauren Johnson | Lucia Moses | ) www.businessinsider.com time to read: +5 min

Amazon revealed new stats about its viewers to ad buyers to pitch Prime Video advertising, which will roll out early next year. Prime Video users can opt out of advertising by paying $2.99 more per month. The stats suggest that advertisers will be able to target younger viewers with Prime Video ads. Prime Video ads will appear in Originals content as well as licensed TV and movies, according to the document. And while Amazon hasn't shared pricing for Prime Video ads, advertisers expect them to be priced reasonably.

Persons: Jake Gyllenhaal, Anne Hathaway, Smith, Amazon, Jon Morgenstern, OTT, We're, Netflix hasn't Organizations: Amazon, Intelligence, YouTube, Netflix, Disney Locations: Canada, Germany, France, Spain, Italy, Mexico, Australia, Amazon's, VaynerMedia

☆ Side-by-side photos show 4 major changes made to SpaceX's Starship rocket system after its first launch ended in an explosion
▼ + stars: | 2023-09-19 | by ( Marianne Guenot | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +11 min

AdvertisementAdvertisementMore than a thousand changes have been made to the rocket since and it is now "ready to launch" again Musk recently said. SpaceX's enormous Starship mega-rocket is made of two stages: the Starship spaceship and its booster, the Super Heavy booster. The Starship-Super Heavy launch system is made up of two stages. Instead, for Starship's maiden test flight, SpaceX decided to see if they could absorb the force of the flames with a thick concrete launchpad alone. The FAA will still need to review the changes made to the Starship launch system before it can grant a new license.

Persons: Elon Musk, Musk, it's, Abhi Tripathi, Starship's, Tripathi, Ashlee Vance, Vance, hushes, —, SpaceX's, LabPadre, SpaceX hasn't, It's, April's, Polly Trottenberg, Jared M, Margolis Organizations: SpaceX, Service, NASA, Super, Mission, University of California's, Sciences Laboratory, Flight Safety, FAA, Bloomberg, Boca Chica, CNBC, Texas Commission, Environmental, Center for Biological Diversity Locations: Wall, Silicon, Starship's, Boca Chica , Texas

☆ Donald Trump's mugshot post single-handedly shows X is still the place that moves the internet
▼ + stars: | 2023-08-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

The former president broke his hiatus from the app formerly known as Twitter to post his mugshot. It's a tacit recognition that X is still the place that moves the internet. But Trump's decision to post his mugshot to X, there is a tacit recognition that X is still the place that moves the internet, despite all of its serious shortcomings. It's unclear if Trump will start posting more frequently to X or go back to posting as usual on Truth Social. Either way, it's clear that X remains the place that makes the internet go round.

Persons: Donald Trump's, It's, Donald Trump, Twitter, it's, Elon Musk, Trump, hasn't, X hasn't, Mark Zuckerberg's Organizations: Twitter, Elon, Trump Locations: Fulton County , Georgia, SensorTower

☆ Elon Musk says he will remove news headlines from X posts so links only show as images, because he thinks it looks better
▼ + stars: | 2023-08-22 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk confirmed he'd directed X to remove news headlines from posts, so links only show images. Elon Musk confirmed on Monday night that he'd ordered work on removing news headlines from X posts, so links only display an article's lead image. "This is coming from me directly," Musk wrote on X, responding to an earlier Fortune report that broke the news. An Insider post on X shows the headline alongside a short summary of the story. An X post on the mobile app, showing where a short summary of the article was formerly displayed.

Persons: Elon Musk, he'd, Musk, Elon, hasn't, Andrew Tate, Matt Navarra Organizations: Morning, X

☆ Here are Friday's biggest analyst calls: Amazon, Netflix, Nio, Coinbase, Apple, Chevron, BJ's, Carvana
▼ + stars: | 2023-08-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on shares of Apple. JPMorgan reiterates Netflix as overweight JPMorgan said it's standing by its overweight rating on Netflix shares. Morgan Stanley upgrades DigitalOcean to equal weight from underweight Morgan Stanley said in its upgrade of the software company that its thesis on DigitalOcean has largely played out. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said the company still has "alot to prove." Wells Fargo reiterates Chevron as overweight Wells said it's standing by its overweight rating on shares of Chevron.

Persons: Morgan Stanley, Apple, it's, hasn't, pushback we've, Mizuho, Coinbase, Redburn, DigitalOcean, Nio, Carvana, Wells, Wells Fargo, BJ, JPMorgan, Krispy Kreme, Krispy, Stephens, Wolfe downgrades Stanley Black, Decker, Wolfe, Argus Organizations: Apple, iPhone, Services, JPMorgan, Netflix, ARM, Walmart, Credit Suisse, HOOD, " Bank of America, Oncology, Bank of America, Citi, Cisco Citi, Cisco, Arista, Juniper, Enterprise, Deutsche Bank, Deutsche, Chevron, FedEx, Garden Entertainment Locations: Coinbase, 2Q, HOOD

☆ SpaceX hasn't obtained environmental permits for 'flame deflector' system it's testing in Texas
▼ + stars: | 2023-07-28 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

(Photo by Loren Elliott/Getty Images)SpaceX ran a "full-pressure test" of a new "flame deflector" system at its Starship Super Heavy launch site in South Texas on Friday. SpaceX hasn't disclosed how much water a system test consumes at the site, where that water will run off and what it contains. SpaceX hasn't said why it went ahead without a permit and didn't respond to a request for comment. Eric Roesch, an environmental engineer, has been tracking how SpaceX and other aerospace companies comply with environmental regulations in Texas via his newsletter ESGHound. "Industrial process water is a regulated pollutant under the Clean Water Act," Roesch told CNBC in an interview.

Persons: Loren Elliott, Elon Musk, SpaceX hasn't, Eric Roesch, Roesch Organizations: BOCA, SpaceX, CNBC, federal, Texas Commission, Environmental, Boca, Space Locations: BOCA CHICA , TX, Texas, Boca Chica, Brownsville , Texas, South Texas, of Mexico, Boca Chica , Texas, U.S, United States

☆ The Dow edges up again, but stay vigilant with the market overbought
▼ + stars: | 2023-07-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Our bigger concern Friday is that the stock market remains overbought, according to the S & P 500 Short Range Oscillator , so investors should keep stay vigilant in the event of a pullback. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow, Jim Cramer's, Jim Organizations: CNBC, Starbucks Watch, Dow, Dow Jones, Nasdaq, Exchange, Starbucks, Bank of America, Starbucks —, GE Healthcare, Microsoft, Google, Procter & Gamble, Fed Locations: China, SBUX

☆ These ‘all weather’ best-in-class stocks are a must-own as summer nears, Morgan Stanley says
▼ + stars: | 2023-06-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley named a slew of must-own stocks this week that the firm said are firing on all cylinders ahead of summer. They include Bath & Body Works , Take-Two Interactive, RBC Bearings, Thermo Fisher Scientific and American Express. RBC Bearings "[The] growth story remains intact," analyst Kristine Liwag said of the aerospace and industrial bearings maker. "We continue to view RBC Bearings as a high-quality industrials compounder with attractive growth and margin expansion potential," she wrote. … We continue to view RBC Bearings as a high-quality industrials compounder with attractive growth and margin expansion potential.

Persons: Morgan Stanley, Morgan, Matthew Cost, he's, Kristine Liwag, Liwag, Alex Straton, BBW, Straton, mgmt, Amex hasn't Organizations: CNBC, Body, Interactive, RBC, Fisher Scientific, American Express, Dodge Industrial, … Locations: Biopharma

☆ JPMorgan and Barclays back $4.5 billion insurance tech giant Wefox
▼ + stars: | 2023-05-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

German digital insurer Wefox said Wednesday it raised $110 million of fresh funding from backers including JPMorgan and Barclays . The news marks a vote of confidence for the insurance technology space at a time when it faces tough macroeconomic headwinds. Wefox is a Berlin, Germany-based firm focused on personal insurance products, such as home insurance, motor insurance and personal liability insurance. Wefox said it raised the fresh funds through a combination of debt financing and fresh equity. A further of $55 million equity investment was led by Squarepoint Capital, a global investment management firm with $75.7 billion in assets under management.

☆ Morning Bid: Another one bites the dust
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +3 min

May 1 (Reuters) - A look at the day ahead in U.S. and global markets from Amanda Cooper. Just when you thought it was safe to go back into the banking system, First Republic Bank has folded and U.S. regulators have agreed to sell its assets to JPMorgan. A Reuters poll of economists offers a forecast of 46.7 for the ISM manufacturing index, which would mark an improvement on March's three-year low of 46.3, but it would still be the sixth straight month of contraction. ISM Manufacturing PMIEvents to watch out for on Monday:* U.S. Institute for Supply Management index* S&P Global Manufacturing PMI final index* Three- and six-month Treasury bill auctions. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ The rise and fall of Birchbox, the once-buzzy startup valued at nearly $500 million that frustrated customers are now saying has 'vanished'
▼ + stars: | 2023-03-11 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Birchbox pioneered the monthly beauty subscription box and was once valued at nearly $500 million. The company also raised another round of funding, this time $60 million, which pushed the startup's valuation to $485 million. Meanwhile, Sephora had launched a monthly beauty box of its own. Meanwhile, Birchbox's subscriber count was dropping, and the company raised its monthly subscription price for the first time in its history. Customers are now accusing Birchbox of having 'vanished'Birchbox's monthly box includes sample sizes of high-end beauty products.

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