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☆ 'Succession' star Brian Cox gets into character at final season premiere
▼ + stars: | 2023-03-21 | by ( Alicia Powell | ) www.reuters.com time to read: +2 min

NEW YORK, March 21 (Reuters) - "Succession" actor Brian Cox briefly turned into his commanding patriarchal character Logan Roy on the red carpet on Monday, as the cast of the hit HBO drama premiered its fourth and final season. Season four will see Logan edge closer to selling his company to tech boss Lukas Matsson, creating more family divisions and power struggles. “We're going to see a lot of fascinating rides and it's a bit like a roller coaster," Cox told Reuters at the New York premiere. I think people are going to love it... A lot of American shows go on well past their sell by date. Reporting by Alicia Powell; Writing by Marie-Louise Gumuchian, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ Unlike last year, this tax season has been going smoothly
▼ + stars: | 2023-03-16 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

But by comparison, this year’s tax-filing season has been going relatively smoothly, tax preparers say. “After a few years of pandemic-related updates, mid-tax season IRS guidance, last-minute tax law changes and more, the ‘quiet’ is a welcome change to many,” the National Association of Tax Preparers said in a statement. Better but far from perfectA return to a more normal tax-filing season doesn’t mean tax preparers and their clients are getting all the guidance that they need, though. But the quality of the answers to their questions and request for guidance has still left some tax preparers wanting. And when it comes to online services, Colorado-based enrolled agent John Dundon II has noticed some improvements as well.

☆ Williams CEO Alan Armstrong weighs in on energy infrastructure
▼ + stars: | 2023-03-14 | 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 EmailWilliams CEO Alan Armstrong weighs in on energy infrastructureBrian Sullivan sits down with Alan Armstorg, chief executive officer of Williams at S&P Global's CERAWEEK conference in Houston to talk about energy infrastructure and regulatory hurdles to new pipeline construction.

☆ Banks now incredibly cheap, but see no massive upside amid low growth, argues CIO
▼ + stars: | 2023-03-13 | 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 EmailBanks now incredibly cheap, but see no massive upside amid low growth, argues CIOPatrick Armstrong, chief investment officer at Plurimi Wealth LLP, discusses the latest in the SVB fallout, and where the Fed and investors alike could go from here.

LOS ANGELES, March 11 (Reuters) - In the 2022 "Elvis" film, Tom Hanks' depiction of Elvis Presley's real-life former manager, Colonel Tom Parker, is cruel, corrupt, and according to the 2023 Razzie award results, deserving of worst supporting actor and worst screen combo awards. loadingBefore celebrating the best films of the season during the Oscar ceremony on Sunday, the Razzie Awards called out the worst on Saturday. The Razzies named Hanks worst supporting actor and worst screen combo for the actor and his "latex face" in the film. Joining Hanks, biographical drama "Blonde," starring Ana de Armas as Hollywood icon Marilyn Monroe "won" Razzies for both worst picture and screenplay. Both win for worst actor and worst supporting actress.

☆ Logistics Giant Kuehne + Nagel Seeks Expansion
▼ + stars: | 2023-03-07 | by ( Paul Berger | ) www.wsj.com time to read: +5 min

Kuehne + Nagel CEO Stefan Paul. Photo: Kuehne + NagelAs a forwarder, Kuehne + Nagel helps companies move freight around the world by ocean, air and land and is a dominant player in the automotive, industrial, retail, aerospace, healthcare and high-tech industries. What do you see as potential growth areas for Kuehne + Nagel in the contract logistics space? Does that make it easier for a company like Kuehne + Nagel to jump in? How would that affect Kuehne + Nagel?

☆ She was weeks away from maternity leave at Twitter. Then Elon Musk took over
▼ + stars: | 2023-03-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +14 min

Twitter now reportedly has fewer than 2,000 employees following more cuts late last month, down from around 7,500 before Musk took over. CNN“We were on the Twitter-coaster, the Elon Musk chapter, for seven months,” Ali said. De Caires is one of the former Twitter employees taking legal action against the company following mass layoffs after Musk took over. Jeff Chiu/APInstead, Twitter employees say they heard very little from their new leader in the days immediately after his takeover. Attorney Shannon Liss-Riordan is representing around 1,500 former Twitter employees taking legal action against the company following Musk's takeover.

☆ Watch CNBC's full interview with Coinbase CEO Brian Armstrong
▼ + stars: | 2023-03-01 | 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 EmailWatch CNBC's full interview with Coinbase CEO Brian ArmstrongBrian Armstrong, Coinbase CEO, joins 'Squawk Box' to discuss whether policymakers should enact legislation to regulate crypto and more.

☆ Op-ed: Offshoring crypto hurts the financial system and America’s geopolitical standing, says Coinbase CEO Brian Armstrong
▼ + stars: | 2023-03-01 | by ( Brian Armstrong | Coinbase Ceo | ) www.cnbc.com time to read: +5 min

The traditional financial system has served us well for centuries, but it's beginning to show its age. While you might be able to bank online, the way in which the traditional financial system operates behind the scenes has largely gone unchanged for at least 40 years. Nearly seven in 10 Americans believe that the financial system needs major changes or a complete overhaul, according to the most recent research from Morning Consult. It's not a replacement of the traditional financial system, it's an update. While the consumer benefits that crypto could bring to the financial system are myriad, it's also important to recognize the geopolitical benefits.

☆ Coinbase CEO: Crypto is the most important technology that can help update the financial system
▼ + stars: | 2023-03-01 | 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 EmailCoinbase CEO: Crypto is the most important technology that can help update the financial systemBrian Armstrong, Coinbase CEO, joins 'Squawk Box' to discuss whether policymakers should enact legislation in the crypt and more.

☆ Upbeat earnings help FTSE 100 rebound from last week's selloff
▼ + stars: | 2023-02-27 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies Bunzl, Associated British Foods up after resultsRolls-Royce top of FTSE 100 after price target raiseFTSE 100 up 0.8%, FTSE 250 adds 0.4%Feb 27 (Reuters) - The UK's FTSE 100 rose on Monday after upbeat earnings reports from Associated British Foods and Bunzl helped pull the index up from last week's battering on worries about high U.S. interest rates. The blue-chip FTSE 100 (.FTSE) rose 0.8%, after recording its worst weekly performance so far this year as hotter-than-expected U.S. consumer spending data on Friday sparked a selloff on both sides of the Atlantic. Primark owner Associated British Foods (ABF.L) climbed 1.3% after raising its outlook for the full year 2022-23 for the clothing retailer. The FTSE 100 has had a stellar start to the year so far, rising 6.4% as strong earnings and a steady rise in commodity prices helped the index outperform major global peers, outweighing a gloomy economic outlook. The more domestically-inclined FTSE 250 midcap index (.FTMC) rose 0.4%, with a near 16% slump in shares of Dechra Pharmaceuticals(DPH.L) capping gains.

Palo Alto Networks' forecast for fiscal third-quarter adjusted earnings also beat expectations. Coinbase - Shares of the cryptocurrency exchange rose more than 1% after Coinbase reported a smaller-than-expected loss for the fourth quarter. Toll Brothers — Shares of the homebuilder rose more than 2% on the back of better-than-expected fiscal first-quarter results. The company reported consolidated revenue of $1.31 billion, a 6% decrease compared to the prior year quarter, and earnings per share of $1.35. Analysts served by StreetAccount had expected a $1.3 billion in revenue and earnings per share of $1.19.

☆ Coinbase swings to quarterly loss as crypto winter hits trading volume
▼ + stars: | 2023-02-21 | by ( Manya Saini | ) www.reuters.com time to read: +2 min

Feb 21 (Reuters) - Coinbase Global Inc (COIN.O) reported a fourth-quarter loss on Tuesday, as trading volume at the cryptocurrency exchange came under pressure from an industry-wide downturn triggered by a string of high-profile bankruptcies. The digital assets market suffered from dour sentiment over the last year, but the biggest blow to the sector came from the bankruptcy of Sam Bankman-Fried's major crypto exchange FTX in November. Amid the market downturn, trading volume at the crypto exchange plunged to $145 billion in the fourth quarter, compared with $547 billion a year earlier. Retail traders also pulled back significantly, with their trading volume in the quarter plummeting nearly 89% to $20 billion. The company reported net revenue of $605 million in the quarter, compared with $2.49 billion a year earlier.

☆ Coinbase beats on revenue and earnings, but usage continues to decline
▼ + stars: | 2023-02-21 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Coinbase reported user numbers that fell short of analysts' estimates even as fourth-quarter earnings and revenue beat projections. Loss of $2.46 per share, vs. loss of $2.55 per share as expected by analysts, according to Refinitiv. Revenue: $629 million, vs. $590 million as expected by analysts, according to Refinitiv. With crypto staking, investors typically vault their crypto assets with a blockchain validator, which verifies the accuracy of transactions on the blockchain. Haas added that staking was less than 3% of net revenue, so it was not material source of net revenue at this time — but an "important part of the ecosystem" that the platform plans to grow.

☆ Struggling Southampton grab vital 1-0 win at goal-shy Chelsea
▼ + stars: | 2023-02-18 | by ( Clare Lovell | ) www.reuters.com time to read: +2 min

LONDON, Feb 18 (Reuters) - A trademark James Ward-Prowse free kick earned basement club Southampton a precious three points at Chelsea in a scrappy 1-0 Premier League win on Saturday and piled more pressure on home coach Graham Potter. Azpilicueta needed nearly 10 minutes of treatment on the pitch in the second half after he received a kick to the head in a goalmouth clash. Chelsea are languishing in 10th place on 31 points from 23 games and are 10 points adrift of the top four. Southampton have now done the double over Chelsea this season after beating them 2-1 in August, a month before Potter took over from the sacked Thomas Tuchel. ($1 = 0.8309 pounds)Reporting by Clare Lovell; Editing by Ken Ferris and Clare FallonOur Standards: The Thomson Reuters Trust Principles.

☆ FTSE 100 at record high on positive Centrica, StanChart earnings
▼ + stars: | 2023-02-16 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 hits record high, trading above 8,000 pointsCentrica, StanChart, Relx jump on upbeat resultsVodafone rises on report of looking at options for Africa unitFTSE 100 up 0.3%, FTSE 250 adds 0.4%Feb 16 (Reuters) - UK's FTSE 100 rose to a record high on Thursday, underpinned by corporate earnings from Centrica and Standard Chartered, while higher commodity prices drove up heavyweight miners. The blue-chip FTSE 100 (.FTSE) gained 0.3%, trading comfortably above the 8,000-point mark it had breached in the previous session. The exporter-heavy FTSE has had a stellar start to the year as positive corporate earnings and rising commodity prices supported the index. Shares of Centrica (CNA.L) jumped to top the FTSE 100, adding 4.2%, after the British gas owner's annual profit more than tripled and as it announced an extension of its share buyback programme. Standard Chartered (STAN.L) rose 1.8% after the lender reported a 28% rise in annual pretax profit and unveiled a $1 billion share buyback programme.

The proposed amendments to federal custody rules would "expand the scope" to include any client assets under the custody of an investment advisor. The move poses a fresh threat to crypto exchange custody programs, as other federal regulators actively discourage custodians like banks from holding customer crypto assets. "Make no mistake: Today's rule, the 2009 rule, covers a significant amount of crypto assets," Gensler said in a statement. "As the release states, 'most crypto assets are likely to be funds or crypto asset securities covered by the current rule.' In its most recent earnings report, the exchange specified that it keeps customer crypto assets "bankruptcy remote" from hypothetical general creditors, but noted that the "novelty" of crypto assets meant it was uncertain how courts would treat them.

☆ The artificial intelligence war has Wall Street in a frenzy over Google, Microsoft, and anything related to bots
▼ + stars: | 2023-02-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

In case you missed it, last week Microsoft held an event that had the buzz of a Steve Jobs iPhone launch. Google Bard VS OpenAI ChatGPT displayed on Mobile with Openai and Google logo on screen seen in this photo illustration. In this two-horse race, Google certainly didn't do itself any favors in bumbling its own AI demo last week. But the battle will ultimately come down to Microsoft and Google, according to venture capitalist Vinod Khosla. Record highs for the stock market are within reach this year, according to Fundstrat.

☆ Flowcode CEO: A big mistake for brands to not take first-party data from Super Bowl ads
▼ + stars: | 2023-02-13 | 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 EmailFlowcode CEO: A big mistake for brands to not take first-party data from Super Bowl adsTim Armstrong, Flowcode CEO and former AOL CEO, joins 'Squawk Box' to discuss his thoughts on Super Bowl advertisements, how the marketing world considers advertisements, and more.

☆ What investors need to know about ‘staking,’ the passive income opportunity at the center of crypto’s latest regulation scare
▼ + stars: | 2023-02-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

Not six months ago, ether led a recovery in cryptocurrency prices ahead of a big tech upgrade that would make something called "staking" available to crypto investors. A clampdown on staking, and staking services, could have damaging consequences not just for those exchanges, but also Ethereum and other proof-of-stake blockchain networks. For example, if you decide you want to stake your ether holdings, you would do so on the Ethereum network. Investors can give their crypto to the staking service and the service does the staking on the investors' behalf. Proof-of-stake vs. proof-of-workStaking works only for proof-of-stake networks like Ethereum, Solana, Polkadot and Cardano.

☆ Ether losses build as crypto investors weigh the future of staking after Kraken exchange's SEC settlement
▼ + stars: | 2023-02-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The price of ether fell on Friday, extending losses from the previous session as fears about a U.S. regulatory crackdown on crypto staking weighed on investors. The drop began after crypto exchange Kraken closed its staking program as part of a $30 million settlement with the Securities and Exchange Commission. Earlier in the week, Coinbase CEO Brian Armstrong sounded the alarm on a potential regulatory crackdown on staking and staking services in the U.S. that may be underway. The angst in the crypto market centers on the staking services offered by exchanges like Kraken as well as Coinbase. Staking is available only on networks like Ethereum that operate using the "proof-of-stake" protocol.

☆ SEC targets ‘crypto-staking’ in $30 million Kraken settlement
▼ + stars: | 2023-02-10 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

That practice, known as “staking,” reflected an unregistered offer and sale of securities, the SEC alleged in a complaint announced Thursday. According to the SEC, Kraken failed to adequately disclose the risks of participating in the program, which had advertised annual yields of as much as 21%. But according to cryptocurrency advocates, the SEC clampdown on staking could have wider effects that undermine the US cryptocurrency ecosystem. The SEC complaint zeroes in on a practice that the industry says is vital to supporting the healthy function of some virtual currencies. In its complaint, however, the SEC alleged Kraken failed to notify users about the lack of protections it offered to those who engaged in staking through Kraken’s program.

☆ Coinbase CEO points to rumors that the SEC could ban this popular crypto income-generating technique for US retail investors
▼ + stars: | 2023-02-09 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Coinbase's Brian Armstrong flagged rumors that the SEC may want to ban crypto staking for retail investors. Staking is a popular way for customers to earn yield in exchange for locking up their crypto assets. The SEC has repeatedly stated that most digital tokens could be regulated as securities. For the unititated, staking gives a crypto holder financial rewards for locking up their assets and confirming transactions on a blockchain's network. It allows users to participate directly in running open crypto networks," Armstrong tweeted.

☆ Coinbase shares fall as SEC takes crypto staking action against Kraken
▼ + stars: | 2023-02-09 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Coinbase shares closed down more than 14% Thursday, after CEO Brian Armstrong voiced concern on rumors that the Securities and Exchange Commission was mulling new enforcement action against crypto staking. Those rumors coalesced on Thursday afternoon, when the SEC announced a settlement with Coinbase's rival crypto exchange, Kraken. The SEC alleged that Kraken had engaged in the unregistered offering and sale of securities through its crypto staking platform. With crypto staking, investors typically vault their crypto assets with a blockchain validator, which verifies the accuracy of transactions on the blockchain. "We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers.

Crypto exchange Kraken will shutter its U.S. cryptocurrency staking operation and pay a $30 million fine to settle an enforcement action alleging it sold unregistered securities, the Securities and Exchange Commission said Thursday. U.S. investors had crypto assets worth over $2.7 billion on Kraken's platform, the SEC alleged, earning Kraken around $147 million in revenue, according to the SEC complaint. With crypto staking, investors typically vault their crypto assets with a blockchain validator, which verifies the accuracy of transactions on the blockchain. The SEC alleged that, to incentivize users, Kraken promised investors in the staking program "enhanced liquidity and immediate rewards." Shares of crypto exchange Coinbase slid sharply on Thursday after CEO Brian Armstrong warned that potential SEC action in retail crypto staking would be a "terrible path."

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