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☆ Girl killed in shark attack on Australia's west coast
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +2 min

Police believe the victim was with friends and jumped off a jet ski to swim with a pod of dolphins in the river when the shark attack occurred. People were being urged to take extra caution in the Swan River around Fremantle in the wake of the mauling. The last fatal shark attack in Western Australian waters was in November 2021 when a 57-year-old man was killed by a great white shark at Perth's Port Beach. A man was severely injured by a bull shark while swimming in the Swan River in January 2021. Australia ranked behind only the United States in the number of unprovoked shark bites on humans in 2021, according to the University of Florida's International Shark Attack File.

☆ A night with Wall Street's stars: Take a look at Insider's celebration of top investors, dealmakers, and traders
▼ + stars: | 2023-02-01 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +4 min

Hello 10 Things on Wall Street readers! As you might know, for the last few years Insider has been highlighting some of the most talented young people on Wall Street. Take a look at all the photos from Insider's celebration of Wall Street's rising stars here. A decade after the private-equity giant helped launch Athene Holdings, more private money managers are moving into insurance as they hunt for higher yields, the Wall Street Journal reports. Adam Berry, head of US loan trading is leaving Wall Street to join the Philadelphia Eagles, according to Bloomberg.

☆ Black Swan Manager Preps for Financial ‘Mega-Tinderbox-Timebomb’
▼ + stars: | 2023-01-31 | by ( Spencer Jakab | ) www.wsj.com time to read: 1 min

No risk, no reward. While Mark Spitznagel wouldn’t disagree, a letter from the star hedge-fund manager seen by The Wall Street Journal has some striking insights on both fronts. A protégé of “Black Swan” author Nassim Nicholas Taleb noted on the occasion of his fund’s 15-year anniversary that using it to hedge a standard stock portfolio would have enhanced long-run returns through its bets on extremely bearish events.

☆ Trans influencer Dylan Mulvaney reveals the results of her facial feminization surgery in a 'Swan Lake' and Old Hollywood-inspired video
▼ + stars: | 2023-01-28 | by ( Maria Noyen | ) www.businessinsider.com time to read: +4 min

Trans rights activist and TikToker Dylan Mulvaney revealed the results of her feminization surgery. In a glamorous "Swan Lake" and old Hollywood-themed clip, Mulvaney showed off her post-surgery look. The first half of the video shows Mulvaney, 25, dancing to "Swan Lake" while wearing an edgy, animatronic dress that she said was designed by Cameron Hughes in the caption. After sharing the glamorous video, Mulvaney took to her Instagram story to tell followers that she also wanted to share a photo that was "not as flattering" from her recovery. Dylan Mulvaney also shared a less "glam" glimpse into her recovery from facial feminization surgery.

☆ Trump on the possibility of Ron DeSantis running against him in 2024: 'We'll handle that the way I handle things'
▼ + stars: | 2023-01-17 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Donald Trump sounded a warning shot at Ron DeSantis during a podcast on Monday. "So, we'll handle that the way I handle things," Trump said. Ron DeSantis. So, we'll handle that the way I handle things," Trump said. In November, Trump dubbed the governor "Ron DeSanctimonious" during a rally and blasted him as "average" on social media.

☆ Covid broke supply chains. Now on the mend, can they withstand another shock?
▼ + stars: | 2023-01-16 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

“Because of that, supply chains are not as brittle as they were three years ago,” he said. “There could be another huge black swan event in a month that throws everything upside down; but for right now, it seems like respondents are predicting steadiness in the supply chain.”If anything, the pandemic’s shock to the supply chain should be a wake-up call, said Jack Buffington, director of supply chain and sustainability at First Key Consulting and assistant professor of supply chain management at the University of Denver. “I would categorize it as ‘efficiently broken,’” said Buffington, whose own book about supply chains, “Reinventing the Supply Chain: A 21st Century Covenant with America,” had its release delayed due to supply chain issues. “All supply chains really are is supply and demand, and there’s been so much disruption in materials and consumer demand related to labor and inflation and geopolitics,” he said. The complexities related to a globalized supply chain, human systems aren’t capable of handling it.”He added: “Covid wasn’t the cause of the problems with the supply chain, it was a trigger to show how bad it was,” he said.

More than a decade later, those that heeded this advice went on to become game-changing tech behemoths, including CNBC Disruptor 50 companies Block , Pinterest , Slack, Twilio , and Cloudera. Seed rounds had a record deal value in 2022, and valuations continued to grow even as late-stage venture companies nearer to the public market suffered. Venture funds raised a record amount of money in 2022, with $162.8 billion closed across 769 funds, according to PitchBook and the NVCA. We've seen companies struggle as public companies and then skyrocket, so a lower value-IPO is not the end of the road." "But when you can generate new share in a difficult market, when the market does turn, they are in a perfect position to capture more market share and customers."

The jump was aided by Bridgewater China's raising of 2.7 billion yuan through a product launch in December, said the sources. Connecticut-based Bridgewater launched its first onshore China fund in 2018, and three years later its assets under management (AUM) in China exceeded 10 billion yuan, catapulting the firm past Winton and Man Group to become the biggest foreign hedge fund house in the country. By early November, Bridgewater's onshore China funds grew to roughly 19 billion yuan, Shanghai government data showed. The steady performance of Bridgewater's China funds - mainly targeting wealthy individuals - was highlighted in the hedge fund firm's sales pitch, which was seen by Reuters. Bridgewater's first China fund achieved an annualised return of 15.6% in the four years following its October 2018 launch.

☆ Stock sentiment is positive despite lousy headlines
▼ + stars: | 2023-01-09 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

New York CNN —It’s only early January, but so far in 2023 the pendulum on Wall Street has swung (to paraphrase Billy Joel) from sadness to euphoria. But why is there such optimism on Wall Street all of a sudden? But it also showed the pace of job growth is slowing — and that could be a precursor to an eventual recession. But Wall Street is a funny place: Good news is often viewed as a bad sign, and vice versa. As long as the Fed can get inflation under control, investors might not be too concerned by a recession anyway.

☆ Taiwan is planning a satellite internet service amid China invasion fears after seeing how much Elon Musk's Starlink has helped in Ukraine
▼ + stars: | 2023-01-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Taiwan is courting investors to create its own satellite-based internet similar to Starlink, the FT reports. The move comes amid increasing tensions between mainland China and Taiwan. Taiwan's digital minister, Audrey Tang, told the FT: "We look at the Russian invasion of Ukraine and how Starlink has been used very successfully." Starlink is operated by Elon Musk's SpaceX, and provides internet coverage via a constellation of satellites. Taiwan's decision to look at creating satellite-based internet comes amid increasingly tense relations with neighboring China.

A majority of the 10 global asset and hedge fund managers surveyed by Reuters said commodities are undervalued and should thrive as global inflation stays elevated in 2023. Preqin said just 915 hedge funds were launched in 2022, the lowest in 10 years. "It's the perfect environment for macro hedge funds: central bank policy divergence, interest rate differentials, geopolitical tension, bottlenecks and each country on its own. Macro hedge funds led the industry performance through November, according to financial data firm HFR, up roughly 8%. Lyons is keen to allot more to macro hedge funds and also thinks there are good opportunities in corporate credit.

☆ Former Fed chair Alan Greenspan warned a US recession is on its way and slammed failed crypto exchange FTX in a recent Q&A. Here are the 10 best quotes.
▼ + stars: | 2023-01-04 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Former Federal Reserve chair Alan Greenspan shared his outlook for 2023 in a recent investment commentary. He warned a US recession is now "the most likely outcome" – and slammed bankrupt crypto exchange FTX. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Since retiring as Fed chair in 2006, Greenspan has worked as a private advisor and financial consultant. Read more: A war between China and Taiwan is the economic 'black swan' investors should be most worried about, ex-Fed chair Alan Greenspan warns

☆ Pennsylvania police chief killed, second officer wounded after chasing suspect
▼ + stars: | 2023-01-03 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

BRACKENRIDGE, Pa. — The man suspected of fatally shooting a Pennsylvania police chief and wounding another officer in confrontations during a foot pursuit near Pittsburgh was killed by police after a chase, authorities said. The officers were shot blocks apart Monday in Brackenridge, an Allegheny County town northeast of Pittsburgh. The suspect carjacked a vehicle, and when Pittsburgh detectives later spotted it, he fled, Allegheny County Police Superintendent Christopher Kearns said. Authorities had identified the suspect as Aaron Lamont Swan, 28, of the nearby city of Duquesne. Allegheny County Police will investigate the shooting of the suspect, Kearns said.

☆ Taiwan c.bank to incorporate climate change risks into forecasting
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +1 min

TAIPEI, Dec 30 (Reuters) - Taiwan's central bank said on Friday it would begin incorporating climate change risks into its modelling and forecasts for inflation and economic growth and adapt monetary policy to promote sustainable development. The central bank, in a statement on climate change, pointed to the risk of "green swan" events, referring to an unexpected environmental catastrophe connected with global warming and pollution that would trigger a financial crisis. Other central banks around the world have already incorporated global warming into their planning, and Taiwan would follow suit, the central bank added. The bank would also "establish an overall model related to climate change at the industry level" to gain an in-depth understanding of the impact of climate change risks on the economy and finance. It added that it would use monetary policy tools to help promote sustainable financial development.

☆ The year that brought high-flying Silicon Valley back down to earth
▼ + stars: | 2022-12-30 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +9 min

The tech industry, already dominant, only seemed destined to grow even bigger at the start of this year. The spread of the Omicron variant suggested a continued pandemic-fueled demand for digital goods and services, which had buoyed many tech companies. The result was a bloodbath unlike anything the tech industry has seen in the past decade. For years, Silicon Valley has held up its founders as visionaries who can see far into the future. “I do not think venture is cratering, or the tech industry is cratering as an industry.”But for now, at least, there appears to be no end in sight to the pain for Silicon Valley and those who work in it.

☆ A European planemaker built a pilotless aircraft to power the world's first 'cargo drone airline' — meet Black Swan
▼ + stars: | 2022-12-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

The brothers saw the big truck as a costly step: "We said let's map the size of the vehicle to fit exactly what you can fit in a delivery van in the last mile,'" Rangelov said. "This way we get to cut a step from the process."

☆ There's at least one big name investor who won't be fighting the Fed next year.
▼ + stars: | 2022-12-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

As if this year didn't bring us enough bad news in the market, there's a steady chance 2023 brings more of the same. But Saint Nick's absence isn't the elephant in the room for markets — it's the Fed. Billionaire hedge fund manager David Tepper said he's "leaning short" on the stock market as the calendar changes. In a bid to squash decades-high inflation, this year the Fed has embarked on a historic interest rate-hiking campaign. "What the forwards in the Fed Funds futures are telling us is that it's increasing the probability that there's going to be a recession at some point," Caron said in a Bloomberg interview.

☆ How the Federal Reserve affected 2022's stock market
▼ + stars: | 2022-12-22 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

The Federal Reserve, over its more than centurylong existence, has emerged as a leading force in the stock market. The guidance often hints at the expected path of the federal funds interest rate target in advance of a policy change. That has many people on Wall Street waiting for the central bank to pivot, and bring interest rates back down. Nonetheless, many experts believe that central bank policy is only one piece of the puzzle. Watch the video above to learn how the Fed shaped 2022's stock market.

☆ Tech recruiters from Meta and Microsoft share the best time to job search in the new year and their advice for laid-off workers
▼ + stars: | 2022-12-19 | by ( Jonathan Javier | ) www.businessinsider.com time to read: +3 min

Three recruiters who've worked at places like Meta and Microsoft gave him their advice for laid-off workers. Companies like candidates with personal brands; job seekers may need to wait until spring for search. Lots of companies, including tech giants like Microsoft, Twitter and Meta, have conducted layoffs in the past year. I've been laid off twice in my career: Once at my first-ever job at Snap, and another time at Cisco right before the pandemic hit. A LinkedIn post Javier made after getting laid off at Snap Inc. Jonathan JavierNow, I run Wonsulting full-time and speak to tech recruiters on the daily.

☆ Galaxy Digital Michael Novogratz on FTX: One black swan does not mean they're everywhere
▼ + stars: | 2022-12-15 | 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 EmailGalaxy Digital Michael Novogratz on FTX: One black swan does not mean they're everywhereMichael Novogratz, CEO of Galaxy Digital, joins CNBC's 'Squawk Box' to discuss crypto markets following Capitol Hill's hearings over the fallout of FTX.

☆ Rain could soon overtake snow in parts of the Arctic, top scientists warn
▼ + stars: | 2022-12-15 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

Broken up sea ice is seen from the window of a NASA research flight above the east coast of Greenland. That's causing Arctic sea ice to diminish, the tundra to turn green with vegetation, and sea birds to starve to death in droves. Sean Gallup/Getty ImagesFor the first time this year, NOAA has determined that Arctic precipitation — either rain or snow — is increasing across all seasons. But in places like southwest Alaska, that means rain falling on top of snow, then freezing. Bhatt is part of a group of researchers assessing whether the Arctic tundra in southwest Alaska should be reclassified as sub-Arctic tundra.

☆ 'The Whale' reaches the big screen after a decadelong journey from the stage
▼ + stars: | 2022-12-12 | by ( Rendy Jones | ) www.nbcnews.com time to read: +6 min

“‘The Whale’ was seminal for me, both in my career but also, kind of, for me personally. It was the first time that I had … really personal stuff from my own history and put it into a play,” Hunter said. The story is set in Moscow, Idaho, where Hunter grew up, and, like Charlie, Hunter said he, too, had a fraught relationship with religious fundamentalism and self-medicated his depression with food. “I’m out of the closet, I’m fine now, but that masks a lot of stuff that I just had not processed. I think it’s worth talking about.”While “The Whale” deals with heavy subject matter, Hunter said it’s still a hopeful film.

☆ Freight railroad service is terrible, even without the threat of a strike
▼ + stars: | 2022-12-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

But that doesn’t mean freight railroads are providing good service to their customers. Many of the problems tangling up the supply chain, driving up prices and slowing the economy can be traced to the steady decline in freight rail service in recent years. Some experts who represent rail customers who have complained about service in the past say service has gotten better since earlier this year. “The national freight rail network is broken, and the need for long-term rail reform is clear. Union Pacific (UNP), Norfolk Southern (NSC) and Berkshire Hathaway’s (BRKA) Burlington Northern Santa Fe all reported record earnings in 2021.

☆ Here's what Charles Schwab's Liz Ann Sonders has to say about the economy, her favorite book, and investing in a recession
▼ + stars: | 2022-12-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Today's newsletter features my conversation with Liz Ann Sonders of Charles Schwab, and why she thinks the economy's already in a recession. Charles SchwabLiz Ann Sonders is the chief investment strategist at Charles Schwab. Phil Rosen: Can you explain your "rolling recession" assessment of the US economy? Liz Ann Sonders: Typically when you go into a recession, everything's sort of hit all at once. Read the full interview with Liz Ann Sonders here.

SHANGHAI/HONG KONG, Dec 9 (Reuters) - Investors caught off-guard by China's dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradually reopen, snapping up shares in businesses from travel agencies and casinos to funeral companies. Providers of death care services, including Hong Kong-listed Fu Shou Yuan International Group (1448.HK), China's biggest cemetery operator and funeral service provider, have also drawn investors. The positioning for both the bright and dark side of China's COVID pivot reflects growing concerns from investors surprised by the rapid policy change, especially as COVID vaccination rates among the elderly remain relatively low. "But we still think that the way China can flatten the curve of new COVID cases without doubling down on tightening looks quite challenging." Morgan Stanley Chief China economist Robin Xing said China's economy may remain sluggish for another quarter or two, but growth will pick up after Spring.

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