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Surging Shanghai metal stocks have injected an element of doubt into the bull narrative and the LME Index is now showing year-to-date gains of only 3% after a February pull-back. Shanghai Futures Exchange stocks of aluminium, copper and zincSEASONAL SURGEMetals bulls have been nervously watching the fast build in Shanghai Futures Exchange (ShFE) stocks over the past few weeks. Copper stocks have grown equally dramatically, from 69,268 tonnes to 242,009 tonnes over the same period. It is currently assessed by Shanghai Metal Market at a bombed-out $22.50 a tonne, down from an October high of $152.50. WAIT AND WATCHIt's difficult to say until China's seasonal stocks pattern plays out in full.
The "Fast Money" traders are at odds over Tesla with a key event ahead. Even though Tesla shares rallied on CEO Elon Musk's plans to unveil his "Master Plan 3" at investor day on March 1, trader Julie Biel warns gains will likely stall. Tesla shares initially rallied on last Wednesday's announcement. "He's got his Twitter and Tesla bros behind him, and that's a meaningful force for the stock." Grasso got long on Tesla last Wednesday, and he plans to stick with the stock through investor day.
PHOENIX, Feb 10 (Reuters) - Patrick Mahomes will look to pull one more rabbit out of his hat on Sunday as the Kansas City Chiefs face the Philadelphia Eagles at Super Bowl 57. Mahomes overcame a high-ankle sprain in the divisional round to get the Chiefs to their third Super Bowl in four years, producing a heroic late-game sprint to help clinch the AFC Championship. Mahomes has helped his favorite target Travis Kelce become one of the greatest tight ends ever to play the game. Kelce is keen to banish memories of their last Super Bowl appearance two years ago, when Tom Brady's Tampa Bay Buccanneers humiliated them 31-9. "The last taste I had in my mouth of the Super Bowl, it wasn't too good," said Kelce, who will make history at State Farm Stadium with his brother, Eagles center Jason Kelce, as the first siblings to play each other in a Super Bowl.
The House "Weaponization of the Federal Government" subcommittee is holding its first hearing. The White House likened it to a "reboot of McCarthyism" designed to help Republicans get on Fox News. The hearing will cover "the politicization of the FBI and DOJ and attacks on American civil liberties." The hearing led by House Judiciary Chairman Jim Jordan will include witness testimony from Fox News commentators, the White House notes. Jordan, in a House floor speech last month, rejected the notion that the committee is a "ploy" and said whistleblowers have talked to Republicans about alleged government intrusions.
Paramount+ (formerly CBS All Access) is beefing up by bringing sister network Showtime into the fold. "The shows with rich, deep libraries are the ones that get a lot of consumption," said Paramount+ streaming chief Tanya Giles. But Paramount+ (formerly CBS All Access) is beefing up by bringing sister network Showtime into the fold — rebranding both the Showtime cable network and the streamer as Paramount+ With Showtime. Paramount+ is also building upon its library with originals: The streamer recently revived "Criminal Minds," which aired on CBS for 15 seasons. In anticipation of "Criminal Minds: Evolution," viewership of the original CBS "Criminal Minds" jumped 46%, a Paramount+ spokeperson shared with Insider.
Liu Ranyang | China News Service | Getty ImagesTech investors say the worst is over as China reopens and exits its zero-Covid policy. The firm raised nearly $500 million for a new China tech fund set to close by early this year — more than earlier plans for $400 million. Tech companies see government supportInvestors are not worried of new challenges on the regulatory front. Gobi's Tang said, "I do think that they're going to do everything they can to try to spur the economic growth. "There's still a lot to catch up [in semiconductor tech] for China.
Dayana Sabatin left a six-figure tech job after six months because she was miserable. But it wasn't always this wayFive years ago, I was working as a financial analyst at a tech company, with a $100,000 salary. I saw what my life was going to look like in 20 to 30 years, and the thought terrified me. Here are a few signs you should pay attention to if you're trying to figure out if it's time to quit your job. It's okay that the job you thought you'd love isn't actually suited for you — and it's okay to start over.
Analysts are willing to overlook Alphabet' s disappointing quarter in lieu of its artificial intelligence push and focus on costs. Shares of the search giant fell more than 4% after the company missed Wall Street's expectations for the fourth quarter. But, analysts lauded the company's focus on artificial intelligence as it faces mounting pressures from popularized Microsoft-backed chatbot ChatGPT . Alphabet CEO Sundar Pichai said the company plans to release its LaMDA language model with search components "very soon." GOOGL 1D mountain GOOGL falls after earnings Analysts also cited some confidence in the company's push to reengineer its cost structure and reduce inefficiencies.
Monday: Tyson Foods, Simon Property GroupTyson FoodsQ1 2023 earnings release at 7:30 a.m. Simon Property GroupQ4 2022 earnings release at 4:05 p.m. Tuesday: Chipotle Mexican Grill, Enphase EnergyChipotle Mexican GrillQ4 2022 earnings release at 4:10 p.m. Wednesday: CVS Health, DisneyCVS HealthQ4 2022 earnings release at 6:30 a.m. Newell BrandsQ4 2022 earnings release at 6 a.m.
The startup Wally Health provides dental cleanings and preventative care for $199 a year. Take a look at the pitch deck Wally used to raise a $3 million seed round led by Bling Capital. That experience inspired the creation of his startup, Wally Health, which has raised $3 million in a seed round led by Bling Capital. Years before Wally, Burnett had launched businesses in media and fintech back in his native Canada. After raising a pre-seed round, Burnett and his cofounders started building Wally's proof of concept about a year ago in an office in New York's Upper East Side.
Oral arguments focused on whether something called the "Trump Organization" legally exists. The judge, meanwhile, warned that "come hell or high water" an October trial will not be delayed. "Come hell or high water, and pardon my French," the judge added of his set-in-stone trial start time: 10 a.m. on Monday, October 2, 2023. It's shorthand for them, as well — James' lawsuit references "the Trump Organization," for convenience's sake, some 300 times in its 222 pages. The judge urged the attorney general's office and the defendants' lawyers to avoid a protracted argument over sanctions.
It's the Lunar New Year, and according to Asian folklore, the incoming Year of the Rabbit is a good time to slow down, reflect and strive for balance around work, money and life. "It was a consume, consume, consume kind of year. Laura Lau, the co-author of "The Handbook of Chinese Horoscopes," says the rabbit sign is one that prizes patience and diplomacy over confrontation. "It's a time that will be hard for people to work together, deal with conflict and work in groups again," she says. "The rabbit is a sign of peace, so cultivating empathy in work relationships will lead to flourishing in one's profession," he says.
HONG KONG, Jan 27 (Reuters Breakingviews) - China’s first big vacation of 2023 offers shallow relief to investors. Passenger car sales dropped 21% from the same festive period last year, per Nomura analysts, and real estate keeps plunging. Central bankers terrified that China’s reopening will fuel more global inflation will be relieved. Chinese consumers enjoyed their holiday but there was little sign of dramatic “revenge consumption.” Scarred consumers have too many reasons to avoid splurging for the foreseeable future. The opinions expressed are her own)Follow @ywchen1 on TwitterloadingCONTEXT NEWSMainland China’s Lunar New Year holiday runs from Jan. 21 to Jan. 27 in 2023.
Oil prices were steady after U.S. crude stocks rose less than expected, while gold hit a 9-month peak. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) climbed 1.1% and was set for its fifth straight day of gains. The report could mark the last quarter of solid growth before the lagged effects of the Fed's jumbo rate hikes kick in. Oil prices were steady after U.S. crude stocks rose less than expected. Gold prices touched a nine-month high, with spot gold at $1,941 per ounce, after hitting $1,949.09 earlier in the day.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) climbed 0.9% to 557.65 and was set for its fifth straight day of gains. Trading was thin on Thursday with Australia closed for a holiday and certain parts of Asia, including China, still away for the Lunar New Year. Investor attention will also be on the Bank of England and European Central Bank meetings due next week, with traders looking for clues as to when the central banks are likely to turn dovish. U.S. West Texas Intermediate (WTI) crude rose 0.09% to $80.22 per barrel, while Brent was at $86.05, down 0.08% on the day. Gold prices touched a nine-month high, with spot gold at $1,945.55 per ounce, after hitting $1,949.09 earlier in the day.
Hardman does research on microplastics — tiny pieces of plastic debris that are broken down from larger plastic items. Microplastics are often too small to pick up or even notice, but they are everywhere: in the air, dust, and rain. Laura HardmanPlastic is a relatively new pollutant, so there's still a lot we don't know about it. In the lab, my team of researchers and I focus on the sources, effects, and fate of plastics in the ocean. The simple answer is we don't know what plastics might be doing to us, but I've started to get really concerned.
Swatch positive on recovery in luxury demand from China
  + stars: | 2023-01-24 | by ( John Revill | ) www.reuters.com   time to read: +3 min
SummarySummary Companies Says January sales have exceeded January 2022Company now expects record sales for 2023Stock hits highest level since July 2021ZURICH, Jan 24 (Reuters) - Swatch Group (UHR.S) shares hit their highest level in nearly two-and-a-half years on Tuesday after the world's biggest watchmaker said it expected a recovery in luxury demand from China. The sales growth in January in China reinforces the Group's expectation to aim for a record year in 2023." The outlook sent Swatch's shares to their highest level since July 2021, and was the latest positive signal for the luxury sector at the start of the Chinese Year of the Rabbit. "To reach the record sales number of 2014 Swatch Group would need to have growth of 16% in 2023," said Patrik Schwendimann of Zuercher Kantonalbank. Europe's luxury sector($1 = 0.9192 Swiss francs)Reporting by John Revill; editing by Kirsten Donovan and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
They are expected to see a deceleration in sales growth over the quarter as the post-pandemic splurge on designer fashions begins to ease in the United States and Europe. Hermes (HRMS.PA), which reports fourth-quarter results on Feb. 17, is expected to show sales growth of 17%, a decline from 24% in the third quarter. Luxury spending by Chinese nationals had dipped from 33% of the global personal luxury goods market in 2019 to as little as 17% last year, according to estimates from consultancy Bain. Burberry's like-for-like sales growth slowed sharply to 1% in the quarter to end-December after a 23% fall in mainland China. Although the Chinese are expected to initially resume travelling within Asia, Europe is a region that particularly stands to benefit from a return of Chinese tourists.
They are expected to see a deceleration in sales growth over the quarter as the post-pandemic splurge on designer fashions begins to ease in the United States and Europe. Hermes (HRMS.PA), which reports fourth-quarter results on Feb. 17, is expected to show sales growth of 17%, a decline from 24% in the third quarter. Luxury spending by Chinese nationals had dipped from 33% of the global personal luxury goods market in 2019 to as little as 17% last year, according to estimates from consultancy Bain. Burberry's like-for-like sales growth slowed sharply to 1% in the quarter to end-December after a 23% fall in mainland China. Although the Chinese are expected to initially resume travelling within Asia, Europe is a region that particularly stands to benefit from a return of Chinese tourists.
An Apple a day could keep the layoffs away
  + stars: | 2023-01-23 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
For many tech workers, however, this Lunar New Year was tainted with layoff anxiety. Apple is the only Big Tech company that hasn't conducted sweeping layoffs recently. Apple has long been a lone wolf among its Big Tech peers. The chart above shows how more tech workers were laid off in January 2023 than during the first half of 2022 combined. Read four of the memos in full here, from Google Chrome, Google Cloud, Google UK, and its Europe, the Middle East, and Africa offices.
The Lunar New Year is the most important annual holiday in China. A popular temple fair at Badachu Park that was suspended for three years will be back this week, but similar events at Ditan Park and Longtan Lake Park have yet to return. Andy Wong / APIn Hong Kong, revelers flocked to the city’s largest Taoist temple, Wong Tai Sin Temple, to burn the first incense sticks of the year. Worshippers believe those who are among the first to place their incense sticks will stand the best chance of having their prayers answered. As communities across Asia welcomed the Year of the Rabbit, the Vietnamese were celebrating the Year of the Cat instead.
If you've ever found yourself down the social media rabbit hole of deep house cleaning, you've probably heard of Vanessa Amaro, TikTok's "Queen of Cleaning." Zote Soap BarPrice: Starts at $2 "As a child, my grandma would give me a Tupperware filled with water, my socks, and a bar of Zote soap," Amaro recalls. Dawn Platinum Powerwash Dish Spray SoapPrice: Starts at $4.99 Amaro loves Dawn's Powerwash spray soap because of its versatility. Clorox Clean-Up Cleaner With BleachPrice: Starts at $4.48 For a disinfectant, Amaro's brand of choice is Clorox's all purpose bleach spray cleaner. And the Centers for Disease Control and Prevention agrees: Disinfecting can kill viruses and bacteria that remain on surfaces after cleaning.
[1/4] Workers take down a Chinese Lunar New Year celebration banner near the location of a shooting that took place during a Chinese Lunar New Year celebration, in Monterey Park, California, U.S. January 22, 2023. The city on the eastern edge of Los Angeles was holding its first in-person celebration of the Lunar New Year since the COVID-19 pandemic began. "Monterey Park should have had a night of joyful celebration of the Lunar New Year. Monterey Park is around 7 miles (11 km) from downtown Los Angeles. Reporting by Tim Reid in Monterey Park and Kanishka Singh in Washington; Editing by Mary Milliken and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
One Beijing resident said she wished the year of the rabbit will bring "health to everyone". "I think this wave of the pandemic is gone," said the 57-year-old, who only gave her last name, Fang. Chinese health experts say the wave of infections across the country has already peaked. The death count reported by Chinese authorities excludes those who died at home, and some doctors have said they are discouraged from putting COVID on death certificates. The possibility of a big COVID rebound in China over the next two or three months is remote as 80% of people have been infected, Wu said.
People take photos of fireworks on the Chinese New Year's Eve on January 21, 2023 in Chongqing, China. One Beijing resident said she wished the year of the rabbit will bring "health to everyone". "I think this wave of the pandemic is gone," said the 57-year-old, who only gave her last name, Fang. Earlier, officials reported almost 13,000 deaths related to Covid in hospitals between January 13 and 19, adding to the nearly 60,000 in the month or so before that. Chinese health experts say the wave of infections across the country has already peaked.
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