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☆ CNN is axing Laura Coates' 11 p.m. anchor slot to save on costs, according to sources, and insiders are concerned about on-air representation
▼ + stars: | 2023-04-18 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

CNN is still shifting its late night lineup, and Laura Coates will no longer anchor solo at 11 p.m.Coates is said to be "stunned" and "disappointed" by losing the opportunity. On paper, Coates would seem like the ideal figure to fill the network's 11 p.m. slot, particularly as CNN already shared a press release about her appointment to the role in January. CNN and news industry insiders who commented for this story spoke on the condition of anonymity because they're not authorized to speak to the press. "They pulled her off to save money," said one person familiar with internal conversations at CNN. The network's only Black solo anchors now are Abby Phillip, who helms the high-profile "Inside Politics Sunday," and Fredricka Whitfield, who also hosts a weekend show.

☆ Rebels in Indonesia's Papua say they killed 9 army soldiers
▼ + stars: | 2023-04-16 | by ( ) www.reuters.com time to read: +2 min

JAKARTA, April 16 (Reuters) - Separatist rebels in Indonesia's Papua region killed nine army personnel after Jakarta did not respond to a request for negotiations, a rebel spokesperson said on Sunday. A military spokesperson in Papua, Herman Taryaman, confirmed the Saturday attack but could not confirm the number of soldiers killed as communications were cut due to bad weather. The West Papua National Liberation Army (TPNPB) abducted a New Zealand pilot in February. Herman denied the allegation of a March attack on civilians, saying the security forces were protecting civilians who were chased away by the rebels. A low-level battle for independence from Indonesia continued for decades in the remote and resource-rich Papua region, with the conflict between armed rebels and security forces intensifying significantly in recent years, analysts say.

☆ Financial experts share their greatest money regrets — all have one thing in common
▼ + stars: | 2023-04-12 | by ( Jessica Dickler | ) www.cnbc.com time to read: +6 min

Here, CNBC Financial Advisor Council members share their greatest money mishaps, and what they do differently now. "For my first five years in financial planning, I made the same amount of money." Money mistake: Leasing 'too much' carThianchai Sitthikongsak | Moment | Getty Images"My biggest money mistake was back when I was working at Smith Barney as an early financial advisor," said Winnie Sun, co-founder and managing director of Sun Group Wealth Partners, based in Irvine, California. So, Sun, a member of the CNBC Financial Advisor Council, splurged on her dream car. Money mistake: Unloading inherited stock "My wife had inherited shares of Phillip Morris stock from her father," said Lee Baker, a CFP based in Atlanta.

☆ Even Walmart needs a side hustle. Here are 4 other ways the store chain makes its money – besides selling merchandise.
▼ + stars: | 2023-04-09 | by ( Ben Tobin | ) www.businessinsider.com time to read: +5 min

WalmartLike Walmart Connect, Walmart Luminate — a data monetization platform — has grown in spades since its launch in October 2021. Walmart has been working hard to increase its number of sellers on Walmart Marketplace. Walmart GoLocal launched in 2021. By the end of 2022, Walmart GoLocal delivered from more than 5,000 business and retail locations. "Through Walmart GoLocal, any merchant from national retailers to small town shops can use Walmart's growing delivery platform to power their local delivery efforts.

☆ The Masters has strict rules not seen anywhere else in sports. Here are the things that can get you thrown out or even arrested.
▼ + stars: | 2023-04-06 | by ( Tyler Lauletta | ) www.businessinsider.com time to read: 1 min

The Masters are here once again, and with them, the strict rules of Augusta National. Scottie Scheffler dons the green jacket after winning the Masters. AP Photo/David J. PhillipThis week the golf world's attention will once again turn to Augusta National, as the best players in the world compete in the Masters tournament. The Masters is a tournament of tradition — caddies are still made to wear their all-white overalls while walking the course, and fans that have traveled to Augusta National to take in the tournament are referred to as "patrons." Still, there are even more arcane rules at Augusta National, all the way down to what patrons can bring on to the grounds.

☆ Key inflation data and earnings reports loom as labor market signals a slowing U.S. economy
▼ + stars: | 2023-04-06 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Fed officials have been pointing to the tight labor market as an area of concern for inflation, using it as evidence that it hasn't tightened rates enough. After months of strategists and investors complaining that earnings estimates are too high, they've started to fall — but with a catch. If the trough in earnings is close, then the stock market could be in for a big year. ET - Producer price index Friday: Earnings: UnitedHealth, JPMorgan Chase, Wells Fargo, BlackRock, Citigroup, PNC Financial 8:30 a.m. ET - Fed H.8 data on assets and liabilities of U.S. commercial banks

☆ Manhattan DA lawyers feared Stormy Daniels case against Trump was too weak to bring without other criminal charges, report says
▼ + stars: | 2023-03-29 | by ( Jacob Shamsian | Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

Manhattan DA lawyers worried about indicting Trump over "hush money" payments to Stormy Daniels. In order to convict Trump on felony charges, prosecutors would need to prove Trump intended to commit or wanted to conceal a separate crime through the payments. But a judge might believe the Manhattan district attorney's office is overreaching by enforcing federal law. If the case gets to a jury, jurors may wonder why federal prosecutors didn't bring charges against Trump, or they might not believe Cohen's testimony. A representative for the Manhattan district attorney's office didn't immediately respond to a request for comment.

☆ Biden’s pick to lead FAA withdraws amid shaky Senate support
▼ + stars: | 2023-03-26 | by ( ) www.cnbc.com time to read: +4 min

Phillip A. Washington speaks at a nomination hearing with the Senate Commerce, Science and Transportation Committee on Capitol Hill on March 01, 2023 in Washington, DC. Democrats and allied independents still might have pushed the nomination through, but key senators on their side balked at supporting Biden's pick. "The FAA needs a confirmed Administrator, and Phil Washington's transportation & military experience made him an excellent nominee," Buttigieg tweeted Saturday night. He has strong ties to the administration, however — he led Biden's 2020 transition team for the Transportation Department, which includes the FAA. "Given the significant challenges facing the FAA, this wasn't the time for an administrator who needed on-the-job training," he said.

☆ Making TikTok illegal in the U.S. is a 'slippery slope,' says identity verification services firm
▼ + stars: | 2023-03-24 | 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 EmailMaking TikTok illegal in the U.S. is a 'slippery slope,' says identity verification services firmPhillip Shoemaker of Identity.com says it "smacks of xenophobia."

☆ Don't let NASA fool you: The next astronauts on the moon will not be wearing black spacesuits
▼ + stars: | 2023-03-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

NASA and Axiom Space revealed a new spacesuit for the Artemis moon missions last week. The spacesuit is black, but astronauts have to wear white when they're on the lunar surface. Axiom Space chief engineer Jim Stein shows off the prototype spacesuit in Houston on March 15, 2023. Astronauts can't wear black on the moonThe Apollo moon suits were white for a reason. Axiom's spacesuit prototype looks cool, but we're waiting for the version that will go to the moon.

☆ Credit Suisse rescue creates bank twice the size of Switzerland's economy
▼ + stars: | 2023-03-23 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

London CNN —The last-minute rescue of Credit Suisse may have prevented the current banking crisis from exploding, but it’s a raw deal for Switzerland. An aerial view of the headquarters of Credit Suisse, center, and UBS, left, at Paradeplatz in Zurich, Switzerland on Sunday, 19 March, 2023. Credit Suisse is “part of Switzerland’s identity,” said Hans Gersbach, a professor of macroeconomics at ETH university in Zurich. “The Credit Suisse Swiss bank is a fine asset that we are very determined to keep,” Kelleher said Sunday. Integration is difficultAt $3.25 billion, UBS got Credit Suisse for 60% less than the bank was worth when markets closed two days prior.

☆ Joe Tacopina risks being disqualified as Trump's defense lawyer because Stormy Daniels considered hiring him 5 years ago, experts say
▼ + stars: | 2023-03-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Depending on what Daniels told Tacopina, he could be disqualified in the case, experts say. Tacopina didn't end up taking on Daniels as a client. And the communications from Daniels didn't create a conflict of representation, according to Tacopina. Even if Tacopina didn't take on Daniels as a client, lawyers still have obligations to prospective clients, legal experts say. That appears to be the position of Daniels' attorney.

☆ NHL roundup: Alex Ovechkin hits 40 goals for record 13th time
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +10 min

Mandatory Credit: Brad Mills-USA TODAY SportsMarch 22 - On a night he was honored for passing one NHL legend, Washington's Alex Ovechkin made history by eclipsing another. Before the game, Ovechkin was honored in a 20-minute on-ice ceremony for passing Gordie Howe for second place on the all-time NHL goals list on Dec. 23. On Tuesday, Ovechkin scored his 40th goal of the season, passing Wayne Gretzky for the most 40-goal seasons in NHL history with his 13th. Barrett Hayton scored the lone goal for Arizona (27-33-11, 65 points), which saw its four-game winning streak come to an end. Alex Chiasson and Filip Zadina scored regulation goals for the Red Wings, who earned just their third victory in their last 13 games.

☆ Cruise robotaxis blocked a road in San Francisco after a storm downed trees and wires
▼ + stars: | 2023-03-22 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

General Motors ' self-driving vehicle unit Cruise acknowledged that some of its cars stalled out on city streets in San Francisco following rainstorms that downed trees there on Tuesday night. After that, another tree on Polk and Clay streets fell into the street. In response, he said, the San Francisco Fire Department had blocked off Clay between Polk and Jones streets with caution tape. He said the driverless Cruise vehicles did not appear to detect and avoid the caution tape and bus wires properly, and instead became "tangled in them." Cruise has permits to test and deploy autonomous vehicles in San Francisco all hours of day and night, excluding heavy rain."

Companies Credit Suisse Group AG FollowMarch 16 - Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse (CSGN.S) was thrown a financial lifeline by Swiss regulators. As of 0427 GMT, Brent crude futures were up 58 cents or 0.8% to $74.27 per barrel. West Texas Intermediate crude futures (WTI) rose 51 cents, also 0.8%, to $68.12 a barrel. OPEC's rosier outlook for China oil demand also supported oil prices, said Lim Tai An, analyst at Phillip Nova Pte. Higher interest rates can lead to depressed demand for oil as economic growth slows, but concerns about a widenening financial crisis for the banking sector could also weigh on oil demand.

The hearing in Raleigh took place after the state Supreme Court's conservative justices agreed to reconsider a 2022 ruling that found partisan redistricting, or gerrymandering, was unlawful under the state constitution. In the same elections, Republicans flipped two Democratic seats on the court, installing a 5-2 conservative majority that weeks later made the extremely unusual decision to rehear the redistricting case. Several conservative justices appeared sympathetic to the Republicans' arguments, while the court's two Democrats expressed skepticism. The Supreme Court's conservative justices appeared to agree during oral arguments in December. But after the North Carolina court's decision to rehear the case, the U.S. Supreme Court asked the various parties in the case to weigh in on whether the court still has jurisdiction over the matter.

☆ As tech gets hit again, strategists say these stocks present a buying opportunity
▼ + stars: | 2023-03-14 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Meanwhile, Fed Chairman Jerome Powell said last week that interest rates are likely to remain "higher than previously anticipated" — usually viewed as bad news for the tech sector. But some market pros see the volatility as an opportunity to snap up growth stocks at bargain prices. Big Tech stock picks Speaking last week, before the sell-off, Sylvia Jablonski, chief investment officer at Defiance ETFs, urged investors to watch for pullbacks. AI is expected to grow at a compounded rate of 37% by 2026, Jablonski added, citing research by global market intelligence firm International Data Corporation. Firetrail Investments' Anthony Doyle also identified Microsoft as a tech stock he's bullish on , despite the volatility.

☆ Jehovah's Witness mass shooter presented himself as a business guru charging clients $266,000 a day to get rich, says local report
▼ + stars: | 2023-03-11 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +2 min

A German gunman who killed six people previously claimed he could make millions for business clients. The deadly shooting was at a Jehovah's Witness hall in the city of Hamburg. The gunman, identified as Philipp F., shot and killed himself when police arrived at the scene. German authorities identified the shooter only as Philipp F. — a former Jehovah's Witness and member of the congregation he later attacked. The four men and two women killed in the attack were all German nationals, and an injured pregnant woman lost her baby.

☆ Rebels in Indonesia's Papua call in NZ hostage video for UN mediation
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

JAKARTA, March 10 (Reuters) - A New Zealand pilot who was taken hostage last month by rebels in Indonesia's Papua region has appeared in videos put out by separatists calling for the United Nations to mediate in the conflict in the resource-rich region. "OPM requests the United Nations to mediate between Papua and Indonesia to work towards Papuan independence," Mehrtens said in one video, echoing comments in a earlier video statement, in which he said he would only be released if Papua became independent. Indonesia's chief security minister and other officials did not immediately respond to a request for comment on the videos. "No foreign pilots are permitted to work and fly in Papua until Papua is independent," said Mehrtens. In another of the videos, Mehrtens sent his love to his family and asked that any salary he was owed be given to them for food and bills.

☆ House Republicans to highlight US debt ahead of Biden budget proposal
▼ + stars: | 2023-03-08 | by ( David Morgan | ) www.reuters.com time to read: +3 min

WASHINGTON, March 8 (Reuters) - U.S. House Republicans plan to focus on the federal government's $31.4 trillion debt in a closed-door meeting on Wednesday, the day before President Joe Biden unveils a 2024 spending plan the White House says will help limit the debt's growth. The emergence of the two budgets are seen as the starting gun for negotiations between House Speaker Kevin McCarthy and Biden over spending for fiscal 2024, which begins Sept. 1. The stakes of those talks are elevated this year as the federal government is expected to hit the $31.4 trillion debt ceiling by summer. McCarthy wants Biden to agree to spending cuts before his narrow Republican House majority would agree to raise the debt ceiling. Biden insists that Republicans must agree to a "clean" debt ceiling increase without a preliminary deal on spending.

☆ Singapore's Sea Group turns profitable for the first time
▼ + stars: | 2023-03-08 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Sea Limited's e-commerce arm, Shopee, turned positive adjusted EBITDA for the first time in the fourth quarter of 2022. The group also posted its first-ever positive net income in the quarter. The chairman and group CEO of Sea Limited, said on Tuesday that 2022 was "another year of evolution for us." Shopee and SeaMoneyMeanwhile, e-commerce business Shopee and digital payments arm SeaMoney continued to see strong growth in 2022. Positive EBITDA, or earnings before interest, taxes, depreciation and amortization, refers to the company operating at a profitable level.

☆ NHL roundup: Stars rally, but Flames pull out late win
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +5 min

Nazem Kadri, Jonathan Huberdeau and MacKenzie Weegar each collected two assists, and goalie Jacob Markstrom made 29 saves. Sharks 3, Jets 2 (OT)Logan Couture scored in overtime after assisting on Tomas Hertl's late game-tying goal as San Jose outlasted host Winnipeg. Senators goalie Mads Sogaard made 16 saves on 21 shots after being pressed into action when Cam Talbot was scratched due to a lower-body injury. Kings 4, Capitals 2Adrian Kempe had a goal and an assist for Los Angeles in a win against visiting Washington. Luke Evangelista scored two goals and Colton Sissons also scored for the Predators, whose two-game win streak ended.

☆ Singapore's online portal PropertyGuru remains in the red even as fourth quarter revenue jumped
▼ + stars: | 2023-03-02 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Singapore-based online property portal PropertyGuru maintains a "conservative outlook in 2023" amid challenges, and expects full year 2023 revenue of between SG$160 million and SG$170 million and adjusted EBITDA of between SG$11 million and SG$15 million. SINGAPORE — Singapore's online real estate portal PropertyGuru posted a net loss of 5 million Singapore dollars ($3.7 million) in the fourth quarter of 2022. Net loss for the three months to December 2022 came in at SG$5.2 million. Full year net losses in 2022 amounted to SG$129.2 million, better than a net loss of SG$187.4 million the previous year. Meanwhile, revenue in the fourth quarter came in at SG$40 million, about 17% increase from a year ago.

☆ The father-son team behind a top-1% mutual fund explains how they pick small companies with high upside built to thrive amid inflation — and makes the case for 5 of their favorite stocks
▼ + stars: | 2023-03-02 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Their refined small-cap investing strategy led to a top-1% performance in 2022. The two men are co-investment chiefs at SouthernSun Asset Management, which Michael founded in 1989, and co-managers of their firm's top-performing small-cap fund. Secrets from top small-cap fund managersPerfecting their investing process has been the key to the Cooks' outstanding recent returns. What SouthernSun's small-cap fund lacks in turnover, it makes up for in volatility. But the fund managers are confident that the small-cap stocks they've chosen will survive — if not thrive — as inflation stays elevated.

☆ Hong Kong’s office landlords face a tough rebound
▼ + stars: | 2023-03-01 | by ( Thomas Shum | ) www.reuters.com time to read: +3 min

HONG KONG, March 1 (Reuters Breakingviews) - Hong Kong offices are emptier than in other Asian financial centres. Singapore and Tokyo boast rates well under half of Hong Kong’s level, and figures there are either improving or roughly unchanged. Last year, mainland-based companies accounted for less than 6% of all leases in Hong Kong’s key Central business district, from nearly 30% in 2019. Hong Kong’s economy shrunk for three of the last four years, and its population is slimming too. However, the plan to reduce its office footprint may not apply to Hong Kong, a person familiar with the situation told Breakingviews.

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