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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies speaking out about U.S. issues but not global issues is hypocritical, says Vivek RamaswamyVivek Ramaswamy, founder and executive chairman of Strive Asset Management, and Jeffrey Sonnenfeld, senior associate dean for leadership studies at the Yale School of Management, join 'Squawk Box' to discuss what American companies should speak out against, if companies should pick issues to speak on, and more.
Activist investor Starboard has sizable stake in Splunk
  + stars: | 2022-10-16 | by ( ) www.reuters.com   time to read: +1 min
Oct 16 (Reuters) - Activist investor Starboard Value LP has a nearly 5% stake in Splunk Inc (SPLK.O) and plans to push the software maker to take steps that would boost its share price, a source familiar with the matter said. Starboard and Splunk did not immediately respond to Reuters' requests for comment. Register now for FREE unlimited access to Reuters.com RegisterLast week, Splunk added two directors to its board, including a partner from Hellman & Friedman. The private-equity firm owns about 7.8% stake in the software maker. Last month, the activist hedge fund disclosed its stake in website development platform Wix, supporting Wix's bid to become profitable.
The Labor Department's consumer prices index (CPI) report, due at 8:30 am ET, will likely show headline CPI to have gained at an annual pace of 8.1% in September, lower than an 8.3% increase in August, according to a Reuters poll. However, the core CPI, which eliminates volatile food and fuel prices, is estimated to have risen 6.5% last month, up from a 6.3% rise in August. The report follows data on Wednesday that showed U.S. producer prices increased more than expected in September amid strong gains in the costs of services and goods, suggesting inflation could remain uncomfortably high for a while. ET, Dow e-minis were up 152 points, or 0.52%, S&P 500 e-minis were up 20.25 points, or 0.56%, and Nasdaq 100 e-minis were up 35.25 points, or 0.33%. Also on tap is a report that is expected to show 225,000 Americans filed for unemployment benefits last week, up from 219,000 in the week prior to that.
Good morning, this is Jason Ma and today's edition highlights the outlook for corporate financial results as the US dollar rises. Here's what a strong dollar means for stocks as earnings season heats up. If the reading tops 8.3%, then expect the stock market to sell off by 5%, the bank's trading desk said. But readings below 8.1% could spark some big gains for the stock market. How has the strong dollar affected your portfolio?
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe idea of splitting up Ukraine is ludicrous, says Yale's Jeffrey SonnenfeldJeffrey Sonnenfeld, senior associate dean for leadership studies at the Yale School of Management, joins CNBC's 'Squawk Box' to discuss JPMorgan Chase CEO Jamie Dimon's comments over the war in Ukraine. Sonnenfeld also weighs in on recent comments from Tesla CEO Elon Musk made on Twitter about the Russia-Ukraine war.
How Cowen’s golden parachutes landed with a thud
  + stars: | 2022-10-07 | by ( John Foley | ) www.reuters.com   time to read: +7 min
It's not unusual for executives to have so-called golden parachutes that trigger when their company is sold. Compared with the $400 million TD might have had to pay, that sounds like a bargain. But as a proportion of the overall deal value, Cowen’s executives punch above their weight. So even if Cowen’s top brass have agreed not to open their golden parachutes, they’ll still land at TD with considerable impact. The deal included a renegotiation of the severance packages held by Cowen’s top six executives, including Chief Executive Jeffrey Solomon.
REUTERS/Brendan McDermid/File PhotoSept 19 (Reuters) - Just months ago, investors worried the Federal Reserve was not fighting inflation aggressively enough. Several jumbo rate hikes later, some now fear the Fed will plunge the economy into recession by tightening monetary policy too quickly. Investors are also pricing in meatier rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.4%. read moreDoubleLine’s Chief Executive Jeffrey Gundlach, who had in June criticized the Fed for moving too slowly, told CNBC last week he was worried the Fed might hike rates too far. Some investors think the economy may be resilient enough to withstand a more aggressive Fed.
A Philadelphia drag performer beloved by the local LGBTQ community died Monday night during a performance at a popular gay bar. Valencia Prime, 25, was performing at Tabu Lounge and Sports bar, in the heart of Philadelphia's Gayborhood, when she collapsed on stage, bar owner Jeffrey Sotland said. "We say goodbye to Valencia Prime but we will not forget the light you brought to the stage." Valencia Prime. According to Prime's Facebook page, she graduated from Delran High School in 2015 and later attended Rowan College at Burlington County in New Jersey and Temple University in Philadelphia.
Russia has slowed natural-gas exports to Europe since invading Ukraine. A Yale University analysis found the move to be hurting Russia more than it's hurting Europe. Europe depends on Russia for 40% of its natural-gas needs, such as cooking in homes and firing up power stations. It's fretting over a winter energy crisis, as Russia has reduced natural-gas flows to the continent, citing sanctions-related challenges. Putin is pivoting east to sell Russian energy, but buyers are driving hard bargainsTo mitigate the impact from lower energy sales to Europe, Russian President Vladimir Putin is hawking Russia's energy exports to other markets, such as Asia — but at a discount.
Meta is limiting employee conversations about abortion on its internal platforms. The policy at Meta removes public employee posts on the company's internal platform with keywords like "abortion" and "Roe v Wade." Meta allows employees to talk about the topic only in private forums with up to 20 people, the Times said. The tech behemoth isn't the first company to monitor and control employee conversation around political issues and face pushback for it. Hasnas said that a company shouldn't single out one issue as being off limits, and that all political issues require consistency.
Mai mult, este cel mai cuprinzător și mai îndelungat studiu al memoriei imune la coronavirus până în prezent. La opt luni de la infecție, majoritatea persoanelor care și-au revenit, au încă suficiente celule imune pentru a evita virusul și a preveni bolile, arată noile date. Ideea a fost de a construi o imagine a răspunsului imun în timp. Îngrijorările cu privire la cât de mult persistă imunitatea la coronavirus au fost declanșate în principal de cercetarea acelor viruși care cauzează răceli comune. Până acum, cel puțin, a remarcat el, reinfectările cu coronavirus par a fi rare.
Persons: Jennifer Gommerman, Dr, Alessandro Sette, Jeffrey Shaman, . Shaman Organizations: NY Times, Universitatea din, Columbia University Locations: NY, Universitatea din Toronto, Jolla
Mr. Stein was a substitute teacher, who over the years had also worked at a plumbing supply store and a funeral home. But the place where Mr. Stein, 71, spent most of his time in recent years was at the synagogue, Mr. Halle said. Mr. Stein’s daughter-in-law recently had a child, and Mr. Stein was delighted to be a grandfather for the first time. Ms. Fienberg has two sons, one living in Washington and one in Paris, and six grandchildren. As he aged, Mr. Wax had become hard of hearing, and in recent years, he did not speak much.
Persons: David, Cecil Rosenthal, , Joyce Fienberg, Melvin Wax, Rosenthal, Fienberg, Wax, Rose Mallinger, Diane Rosenthal, Sylvan Simon, Wilkinsburg, Daniel Stein, Jerry Rabinowitz, Irving Younger, “ They’ve, Jeffrey Solomon, , don’t, Solomon, David Rosenthal, “ I’ve, Mr, Richard Gottfried, Susan Kalson, Dr, Gottfried, Ms, Kalson, Steven Halle, Stein, Halle, Stein’s, , Israel — Mr, Dodie Roskies, Fienberg’s, Stephen E, Roskies, Bill Cartiff, Cartiff, Jodi Kart, Suzan, . Rabinowitz, ” Ms, Hauptman, Rabinowitz, Marie Jo Marks, Marks, Helen Nothwang, Jerry Schmitt, , I’ll, , Schmitt Organizations: Cowen Inc, Jewish Community Center, Pittsburgh Jewish, Health, Mr, Halle, , Carnegie Mellon University, University of Pittsburgh’s Learning Research, Development Center, Pirates Locations: Europe, Pa, Edgewood Borough, Mt . Washington, New York, Pittsburgh, , Ross Township, Israel, Central, Eastern Europe, Squirrel Hill, Washington, Paris
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