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☆ The banking crisis is having a slow-burn impact on the economy
▼ + stars: | 2023-04-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

That's a credit hit on Middle America, on Main Street," said Steven Blitz, chief U.S. economist at TS Lombard. Watching growth aheadIn the immediate future, the reading on first-quarter economic growth is expected to be largely positive despite the banking problems. In fact, the most recent recession was just two years ago in the early days of the Covid crisis. Consumer spending has seemed to hold up fairly well in the face of the banking crisis, with Citigroup estimating excess savings of about $1 trillion still available. [The banking situation] is a headwind, but it's not a gale-force headwind, it's just kind of a nuisance."

Persons: Spencer Platt, Steven Blitz, Stocks, Robert Sockin, it's, Dow Jones, isn't, It's, Moody's, Mark Zandi, headwind, Covid, Jim Baird, Plante, Baird Organizations: New York Stock Exchange, Getty, JPMorgan Chase, Bank of America, TS Lombard, First, Bank, P Bank ETF, Citigroup, Commerce Department, Silicon Valley Bank, Signature Bank, Moody's, Financial Advisors Locations: New York City, U.S, America, First Republic, Atlanta

☆ How Putin spent 20 years rebuilding Russia's military 'and then just simply destroyed it' in Ukraine, according to an expert who watched it happen
▼ + stars: | 2023-04-25 | by ( Christopher Woody | ) www.businessinsider.com time to read: +17 min

Vladimir Putin has spent his two decades in power rebuilding and reforming Russia's military. Below, Galeotti describes those reforms, what they achieved, and how, in a devastating war in Ukraine, Putin has squandered the military he built. IGOR SAREMBO/AFP via Getty ImagesWhen Putin came to power at the end of the 1990s, what was the state of the Russian military? How did the Russian military underperform in that conflict in Georgia? What did those conflicts show about the capabilities of the Russian military and about the impact of those reforms?

☆ Here are the biggest winners from Bed Bath & Beyond's bankruptcy filing
▼ + stars: | 2023-04-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday after failing to raise enough money to stay in business. The company is asking a New Jersey bankruptcy court permission to auction its namesake and Buy Buy Baby brands. "Comments from BBBY suggest that if a buyer of the company does not emerge, management plans to gradually wind down operations. The company currently operates 360 namesake locations and 120 Buy Buy Baby stores. "We are hard-pressed to envision Wayfair shares moving appreciably higher until the company's business model showcases improved, broad-based fundamental momentum.

CNN —National Security Council spokesperson John Kirby defended the United States’ decision not to evacuate US citizens from Sudan after US forces conducted a military operation extracting government personnel from its embassy in Khartoum Saturday. Internet connectivity has also been unreliable, leaving family members and friends outside of Sudan to worry if their loved ones are safe. Kirby said Monday that the violence in Sudan “is increasing,” and urged Americans remaining in the country to shelter in place. Officials told congressional staffers last week that there could be an estimated 16,000 American citizens in Sudan, most of whom are dual nationals. Kirby echoed this on Monday and suggested that many of those dual nationals “don’t want to leave” the country.

☆ Climate change activists protest at Berlin Formula E race
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +2 min

BERLIN, April 23 (Reuters) - Climate change activists delayed the start of an all-electric Formula E race at Berlin's Tempelhof airport circuit on Sunday after they climbed fences and sat in front of cars lined up on the starting grid. Letzte Generation (Last Generation) posted video on Twitter of white T-shirted supporters scaling the wire fence before being carried away by security. A Formula E spokesperson said the protest was "unrelated to the event". read moreBritain's Grand National horse race was delayed by animal rights protesters, with 118 people arrested read more . Twenty five people were also arrested at Saturday's Scottish Grand National.

☆ Blackstone is in talks to help regional banks with lending
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +4 min

NEW YORK, April 20 (Reuters) - Blackstone Inc (BX.N), the biggest manager of private equity and real estate assets, said on Thursday it was discussing partnerships with U.S. regional banks to help them with constraints in areas such as car loans and home improvement financing. "As regional banks experienced outflows of deposits, we are seeing real-time opportunities to partner with them at scale," Blackstone President Jonathan Gray said on the firm's first-quarter earnings call. "The regional banks generally play a very large role in home improvement loans, auto loans and equipment finance. He did not identify the banks Blackstone is speaking to. The firm has shifted its focus in real estate to resilient sectors such as logistics and rental housing.

☆ Ikea to invest over $2.2 billion in new U.S. store models, pickup locations in next three years
▼ + stars: | 2023-04-20 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

"It's also an indication of how important the U.S. market is for Ikea," Quiñones said. Down the road, some might open in locations that already have an Ikea store nearby, while others might open in cities without any Ikea presence. Ikea is also adding 900 new pickup locations to its slate, allowing customers to retrieve ordered goods from more convenient locations. Like omnichannel retail more broadly, order pickup options have flourished at a variety of retailers throughout the pandemic. The majority of Ikea's pickup locations will be tied to Ikea stores, and some stores will have multiple pickup locations, Quiñones said.

☆ Career expert shares the No. 1 question to ask at every job interview—it can get you 'hired on the spot'
▼ + stars: | 2023-04-19 | by ( Natalie Fisher | ) www.cnbc.com time to read: +2 min

As a career coach who has helped hundreds of people land six-figure salaries, I've found one of the biggest mistakes candidates make is failing to ask strong questions. But you don't want to be the person who freezes when the hiring manager pauses at the end of the meeting and says, "Do you have any questions for me?" Sometimes the hiring manager won't know how to answer this question, so it creates space to discuss and envision what could be possible together if you were hired. For example, the hiring manager tells you: "It would blow my mind if, within six months, the candidate we hire sold our product at 100% of their quota." If you haven't reached such a lofty goal, respond with follow-up questions that show your enthusiasm for delivering on it.

It was the first time that Seoul suggested a willingness to provide weapons to Ukraine, more than a year after ruling out the possibility of lethal aid. During the summit, Yoon said he will seek "tangible outcomes" on the allies' efforts to improve responses to evolving threats from North Korea, which has ramped up military tests, and launched its first solid-fuel intercontinental ballistic missile last week. In February, South Korea and the U.S. staged table-top exercises simulating a North Korea nuclear attack as part of Seoul's efforts to play a bigger role in Washington's nuclear policy over the North. "I think there's no big problem if Japan is joining, but since there's been much progress between the U.S. and South Korea, it would be more efficient to create this system ourselves first." "The Taiwan issue is not simply an issue between China and Taiwan but, like the issue of North Korea, it is a global issue."

☆ Want to Make a Change? Conjure Your ‘Possible Selves.’
▼ + stars: | 2023-04-19 | by ( Joanne Lipman | ) www.nytimes.com time to read: +2 min

These possible selves, both positive and negative, are closely related to motivation. A person whose feared possible self is an alcoholic may become a teetotaler. And researchers have found that conjuring positive possible selves can improve well-being and alleviate symptoms of depression by holding out the potential for a better future. A possible self can take you beyond daydreams, which are often fleeting and not necessarily grounded in reality. It can come to fruition “if you build a bridge from your ‘now’ self to the possible self,” Dr. Markus said.

☆ Here are Wednesday's biggest analyst calls: Netflix, Apple, Tesla, Amazon, Bowlero, Exxon & more
▼ + stars: | 2023-04-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

UBS upgrades Exxon to buy from neutral UBS said in its upgrade of the oil and gas giant that it likes the company's balance sheet. Bank of America reiterates Meta as buy Bank of America says it likes "self-help stocks in an uncertain macro." Bank of America reiterates Nvidia as buy Bank of America raised its price target on the AI beneficiary to $340 per share from $310. Bank of America downgrades CDW to neutral from buy Bank of America downgraded the technology products company after its disappointing earnings report on Tuesday. Wolfe reiterates Amazon as outperform Wolfe says it's standing by its outperform rating on the stock heading into earnings next week. "

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☆ Lincoln’s new SUV will be imported from China
▼ + stars: | 2023-04-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

General Motors’ Buick Envision SUV is produced in China and Volvo’s S90 full-sized sedan is also imported from China. The current generation Nautilus is already produced in China for that market, where the Lincoln brand is popular. The new Lincoln Nautilus will have a large cabin-wide display screen. LincolnThe timing of Ford’s decision to build the Nautilus in China comes at a delicate moment, amid heightened tensions between the US and China. LincolnIn the design and marketing of its vehicles, Lincoln has in recent years emphasized quiet and relaxation rather than performance.

☆ Ford unveils new Lincoln Nautilus to be imported from China
▼ + stars: | 2023-04-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Ford Motor will import its next-generation Lincoln Nautilus from China to the U.S., the company said Monday night. This marks the first time Lincoln will import a vehicle to the U.S. from China. Importing a vehicle from China to the U.S. is not unprecedented but can draw public and political criticism or backlash, especially when tensions between the two countries are high. Most notably, General Motors has been criticized for importing its Buick Envision crossover from China to the U.S. since 2016. Importing a vehicle from overseas to the U.S. can make good business sense, however, for a company such as Ford.

☆ Renault strikes battery deal with Verkor for premium EVs
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

PARIS, April 13 (Reuters) - Renault (RENA.PA) on Thursday announced a long-term commercial partnership with French start-up Verkor for the supply of electric batteries with an overall capacity of 12 GWh per year, including for Renault's future compact Alpine model. Under the new deal, Verkor - in which Renault started to invest in 2021 - will produce batteries for its premium Renault and Alpine models in a plant in Dunkirk, northern France. The first car using the Verkor batteries will be the Alpine C-Crossover GT, which Renault plans to start building in 2025. Asian battery producer Envision AESC will also provide batteries to the group, used in smaller and less powerful vehicles from another factory located in Douai, close to Dunkirk. Reporting by Gilles Guillaume, writing by Tassilo Hummel, editing by Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.

☆ The US could lose up to 900 warplanes fighting a Chinese invasion of Taiwan but would emerge victorious, says think tank
▼ + stars: | 2023-04-12 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +6 min

A think tank ran war game analyses for a conflict between the US and China over Taiwan. One of the analysts told Insider the US and Taiwan would likely succeed in beating back a Chinese invasion. The Washington-based think tank, the Center for Strategic and International Studies, conducted war games last year to imagine how such a conflict would play out. The war games are designed to help envision how conflicts would play out. China conducted military drills around Taiwan following Pelosi's visit and said that further "training and war preparation" would continue, The Guardian reported.

☆ What is autism? An expert explains
▼ + stars: | 2023-04-12 | by ( Matt Villano | ) edition.cnn.com time to read: +10 min

To mark Autism Awareness Month, CNN talked with him about what autism is and what causes it. Geschwind: About a decade ago, the term “autism spectrum disorder” was adopted to encompass everything that we called autism into one rubric. When I started researching autism 25 years ago, the autism rate was 1 in 1,000 or 1 in 2,000. You can calculate a risk score for having autism based on genetics, (but) right now, the risk score for autism is not that predictive because we haven’t done enough research. The problem is that for many autistic individuals, current therapies are not that effective.

☆ Amid risk of stalling in EV race, Spain's rebooted aid scheme gets warm reception
▼ + stars: | 2023-04-11 | by ( Joan Faus | ) www.reuters.com time to read: +6 min

Madrid will launch a new, more flexible version of the PERTE scheme around July, worth 2 billion euros ($2.2 billion) after last year's initial funding round flopped, with only 27% of an earmarked 2.9 billion euros allocated. Stellantis already manufactures EVs in Spain and received 67 million euros from the first PERTE, but could request more funds to boost production. Griffiths said using the EU funds is "essential" for Spain's future as some investments would otherwise be non-viable. Unlike Germany, Europe's leading car producer, Spain lacks a domestic manufacturer to champion the EV cause. In last year's PERTE round, VW-SEAT received the highest payout, of 357 million euros, but had hoped for more.

We're buying 25 shares of Palo Alto Networks (PANW), at roughly $191.39 apiece. Following Monday's trade, Jim Cramer's Charitable Trust will own 250 shares of PANW, increasing its weighting in the portfolio to 1.8% from 1.62%. We're making one small buy Monday, picking up shares of cybersecurity leader Palo Alto Networks on recent weakness. Within the cybersecurity ecosphere, Palo Alto Networks has differentiated itself as a share gainer and major beneficiary of enterprises consolidating their security budgets. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ The future of business class airline travel is here and it has a minibar
▼ + stars: | 2023-04-10 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

The Crystal Cabin Awards announced a shortlist of concepts that could shape the future of consumer aviation. Crystal Cabin Awards, an international award that highlights innovative interior aircraft designs, announced its 2023 shortlist of winners on Monday. A spokesperson for Crystal Cabin Awards did not immediately respond to a request for comment. According to CNN Travel, Adient and Boeing envision lie-flat beds, extra storage for luggage, a minibar, a library, and even space for another passenger. "It's going to be a real game changer for the economy travel experience."

☆ Exclusive: US to build $300 mln database to fuel Alzheimer's research
▼ + stars: | 2023-04-03 | by ( Julie Steenhuysen | ) www.reuters.com time to read: +4 min

The platform will draw on data from medical records, insurance claims, pharmacies, mobile devices, sensors and various government agencies, they said. The database could help identify healthy people at risk for Alzheimer's, which affects about 6 million Americans, for future drug trials. The U.S. Medicare health plan for older adults will likely require such tracking in a registry as a condition of reimbursement for Leqembi. Silverberg said the data platform could also help researchers working in other disease areas understand which patients are most at risk and the impact of medications. The system would be built in a secure computing environment with a number of restrictions to ensure the privacy of people's health data, Silverberg said.

☆ How a Trump arrest would play out: Yes, he'll be fingerprinted. No, he probably won't be handcuffed.
▼ + stars: | 2023-03-30 | by ( Laura Italiano | Erin Snodgrass | ) www.businessinsider.com time to read: +12 min

Trump is likely to be fingerprinted, swabbed for the state DNA database, and photographed for his mugshot. Trump has been indicted in the Manhattan district attorney's five-year investigation into his personal and business finances, Insider reported Thursday, but he'll be treated like any defendant moving forward — with many key exceptions. "That's called 'walking it through,'" explains Diana Florence, a former white-collar crime prosecutor for the Manhattan district attorney's office. That's what typically happens in white-collar indictments, said Karen Friedman Agnifilo, a former chief assistant with the Manhattan district attorney's office. But even if Trump does need to surrender in person, Secret Service would likely give the perp walk a hard pass.

☆ A man renovated his wife's crumbling childhood home into a dream property for his five kids and loved it so much he started flipping homes full-time. See inside.
▼ + stars: | 2023-03-26 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

Adam and Jessica Miller purchased Jessica's century-old childhood home for $565,000 in 2020. The Millers embarked on a $200,000 renovation to turn the rundown property into their family home. The project was so successful it launched Adam's career as a full-time home flipper. Jessica, 34, grew up on Union and returning to her childhood neighborhood was a lifelong dream. See how the Millers transformed the five-bedroom, three-bathroom home from a crumbling mansion to a dream property for their family of seven.

☆ 20 women who have founded creator-economy startups and broken through in an industry where funding often goes to men
▼ + stars: | 2023-03-20 | by ( Marta Biino | Shriya Bhattacharya | ) www.businessinsider.com time to read: +3 min

Insider is highlighting 17 female founders of popular startups, like Hashtag Pay Me and Roster. These trends have created a difficult climate for women founders in the creator economy, most notably first-time entrepreneurs who are actively fundraising. "The creator economy is largely influenced and run by women but creator-economy startups — especially startups that have received funding — are all run by men," she said. Insider is highlighting 20 women founders who have launched successful startups that are helping remedy problems in the creator economy. Here are 20 women founders within the creator economy, listed alphabetically by company:

☆ General Motors' China business is hurting, and it's not just because of Covid
▼ + stars: | 2023-03-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

He purchased his Nio over models from rival Chinese automakers Xpeng , Li Auto and IM Motors. GM's operations in the country are much larger than those of its crosstown rival Ford Motor, for example. Equity income from GM's Chinese operations and joint ventures has fallen 67% since its peak of more than $2 billion in 2014 and 2015. And the rising quality of domestic-made electric vehicles helped support — and tap — growing nationalistic pride among China's consumers. In February, Ford named Sam Wu, a former Whirlpool executive who joined the automaker in October, as president and chief executive of its China operations, starting March 1.

☆ A Roth IRA can be smart for young adults who 'can't envision' retirement, advisor says. Here’s why
▼ + stars: | 2023-03-17 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

That's typically the age when you can begin to take distributions from various retirement accounts without possibly facing a 10% early-withdrawal tax penalty. However, a Roth account is a bit different. watch nowSun, who is a member of CNBC's Financial Advisor Council, views a Roth IRA as a dual-purpose account because it allows the investor to have an emergency fund, as well. "They can use the Roth IRA to save for retirement, but also in case of emergency, they could take the money out," she said. "And I'd say 99% of my clients have never needed to take from their Roth IRA … they take a lot of pride in having it."

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