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☆ Nancy Pelosi's congressional stock trading ban has a massive blind trust loophole and is too broad, ethics experts warn
▼ + stars: | 2022-09-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

But ethics experts say the bill has a major loophole when it comes to blind trusts, and is too broad. Broadly speaking, a blind trust is a financial arrangement wherein people turn over their assets to be managed by an independent entity to prevent a conflict of interest. Several previously-introduced bills to ban stock trading allow for lawmakers to place their stocks into a blind trust, rather than fully selling off existing stock holdings. "You'd be able to create any kind of a trust you want to, put anything you want into it, and call it a blind trust, even though there wouldn't actually be any way to prove that it is, in fact, a blind trust." Payne also said the blind trust loophole was a "small risk," but that in an optimistic scenario, "that language allows this law to grow for future circumstances that you just can't be prepared for."

☆ Nasdaq says IPOs by Chinese firms could pick up 'dramatically' as delisting fears ease
▼ + stars: | 2022-09-29 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

The Nasdaq is expecting more Chinese companies to list on the U.S. exchange in the coming months as Beijing and Washington appear closer to resolving an audit dispute. "We still have a pretty strong pipeline … as things are getting to become a little more clear in that market. We think that that market could pick up pretty dramatically," said Bob McCooey, vice chairman of Nasdaq, who does business development in the Asia-Pacific, told CNBC on Wednesday. Delisting risk for U.S.-listed Chinese companies sharply increased following the signing of the Holding Foreign Companies Accountable Act in late 2020. Chinese ride-hailing giant Didi's announcement of plans to delist from the New York Stock Exchange in late 2021 — just six months after its U.S. IPO — also fueled investor concerns.

☆ Two large Hong Kong IPOs drop in trading debut: China EV maker Leapmotor plunges, Onewo shares dip
▼ + stars: | 2022-09-29 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

China Vanke's subsidiary Onewo and EV maker Zhejiang Leapmotor Technology began trading on the Hong Kong market on Thursday. Chinese electric vehicle maker Leapmotor's shares tumbled as much as 32% from its offer price of 48 Hong Kong dollars ($6.11) per share. Shares of Onewo fell 7.9% from its offer price of 49.35 Hong Kong dollars ($6.29) per share in early trade, and was last 4.76% lower. Onewo, a subsidiary of property developer China Vanke, raised 5.6 billion Hong Kong dollars ($713.5 million), while Leapmotor raised 6.06 billion Hong Kong dollars ($771.7 million). Data from the Hong Kong Exchange (HKEX) show there were 48 new listings in Hong Kong from January to August in 2022, raising a total of 56 billion Hong Kong dollars ($7.1 billion) – a steep drop from the same period in 2021, in which there were 69 new listings that raised 271.4 billion Hong Kong dollars ($34.6 billion).

☆ Asia-Pacific markets open higher after Wall Street rebounds overnight
▼ + stars: | 2022-09-29 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

Pedestrians cross a road in front of an electronic quotation board displaying the numbers of company stock prices on the Tokyo Stock Exchange in Tokyo on May 13, 2021. Shares in the Asia-Pacific rose at the open on Thursday following a rebound on Wall Street overnight. The Nikkei 225 in Japan advanced 1% and the Topix index gained 0.31%. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.72%. The S&P 500 gained 1.97% to 3,719.04, staging a comeback after notching a new bear market low the previous session.

Senator Joe Manchin's bill to speed energy permitting as a handout to fossil fuel companies, but clean energy advocates said the bill's failure would hinder the rapid expansion renewable power needs to combat climate change. Democratic Majority Leader Chuck Schumer pulled Manchin's bill from temporary government funding legislation on Tuesday after it did not gain enough support. Clean energy backers said the permitting provision could still be attached to other bills later this year that must be passed, such as a big appropriations legislation. Jesse Jenkins, a clean energy expert at Princeton University, tweeted on Tuesday that the permitting bill had been "a big mixed back for climate & the environment." "We still need to build new clean energy & transmission at unprecedented pace!"

☆ Asia-Pacific markets open mixed after S&P 500 closes near two-year lows
▼ + stars: | 2022-09-28 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

The Dow and S&P 500 have fallen for six straight days, with many of those seeing broad selling typical of so-called "washout" days. That can sometimes be a contrarian buy signal on Wall Street, but many investment professionals are skeptical that the selling is over. One reason is that earnings expectations for next year still show solid growth, which would be unlikely in the event of a recession. "But I have a hard time reconciling in my mind that the earnings story is going to be as good as we expect." Additionally, the dramatic moves in the bond and currency markets means that "something broke" and it may be smart to wait for that information to shake out, Smith said.

☆ Asia-Pacific markets open higher following negative start to the week
▼ + stars: | 2022-09-27 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Visitors stands in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Shares in the Asia-Pacific were higher on Tuesday after sharp falls on Monday. The Nikkei 225 in Japan rose 0.65%, and the Topix index gained 0.66%. South Korea's Kospi was marginally up, and the Kosdaq gained 0.64%. MSCI's broadest index of Asia-Pacific shares outside Japan was about flat.

☆ Sterling hits record low against the dollar, as Asia-Pacific currencies also weaken
▼ + stars: | 2022-09-26 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

Sterling hit a record low. Matt Cardy | Getty ImagesThe British pound plunged to a record low on Monday morning in Asia, following last week's announcement by the new U.K. government that it would implement tax cuts and investment incentives to boost growth. The sterling briefly fell 4% to an all-time low of $1.0382 on Monday in Asia. "Below $1.05, you really look at parity," he told CNBC's "Squawk Box Asia." "We've seen the euro dip below parity — I don't see a reason why sterling can't either," he added.

☆ Nikkei, Kospi fall 2%; Asia-Pacific markets drop as negative sentiment remains
▼ + stars: | 2022-09-26 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Shares in the Asia-Pacific fell sharply on Monday as negative sentiment continues to weigh in on markets. The Nikkei 225 in Japan dropped 2.19% in early trade, and the Topix slipped 2%. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.19% lower. Onewo, a subsidiary of property developer China Vanke, is set to debut on the Hong Kong stock exchange this week as well.

☆ Netflix has dropped its lawsuit against the creators of the unofficial 'Bridgerton' musical, reports say
▼ + stars: | 2022-09-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Netflix has dropped its lawsuit against the makers of "The Unofficial Bridgerton Musical." Abigail Barlow and Emily Bear were sued after debuting their play at the Kennedy Center in July. The streaming giant brought a lawsuit against the creators of "The Unofficial Bridgerton Musical", Abigail Barlow and Emily Bear, in July after the pair debuted their show at the Kennedy Center in Washington DC. The pair sold tickets costing as much as $149 for the Kennedy Center performance, while also selling memorabilia bearing official "Bridgerton" trademarks, the lawsuit said. Netflix, and Barlow and Bear, did not immediately respond to Insider's request for comment.

☆ Netflix dismisses lawsuit against the creators of 'The Unofficial Bridgerton Musical'
▼ + stars: | 2022-09-24 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +2 min

REUTERS/Denis Balibouse/IllustrationSept 23 (Reuters) - Netflix Inc (NFLX.O) dropped its lawsuit against the creators of "The Unofficial Bridgerton Musical" after reaching a settlement, according to person familiar with the matter. The streaming service filed a copyright infringement suit against Abigail Barlow and Emily Bear in Washington in late July, three days after a sold-out performance of "The Unofficial Bridgerton Musical" in the U.S. capital's Kennedy Center. They subsequently released an album of titled "The Unofficial Bridgerton Musical," which won a Grammy Award and led to the stage show. Barlow & Bear canceled a performance at the Royal Albert Hall in London that had been scheduled for September, according to a post on Instagram account of "The Unofficial Bridgerton Musical." Register now for FREE unlimited access to Reuters.com RegisterReporting by Dawn Chmielewski in Los Angeles; Editing by William Mallard, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ Asia-Pacific markets inch lower as investors weigh Fed hike
▼ + stars: | 2022-09-23 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Asia-Pacific shares slipped on Friday as investors continue to weigh the Federal Reserve's aggressive stance. In Australia, the S&P/ASX 200 opened slightly higher but gave up gains to fall 1.16% on its return to trade after a holiday on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.18%. On Wall Street overnight, stocks fell for a third consecutive day over recession fears following the Fed's latest 75-basis-point rate hike.

☆ Disney heiress Abigail Disney: American businesses are not using their cash to reward workers
▼ + stars: | 2022-09-22 | 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 EmailDisney heiress Abigail Disney: American businesses are not using their cash to reward workersAbigail Disney, documentary filmmaker and granddaughter of one of the founders of the Walt Disney Company, joins CNBC's 'Squawk Box' to discuss her new film 'American Dream and Other Fairy Tales.'

☆ Asia markets fall after Federal Reserve raises rates; Bank of Japan decision ahead
▼ + stars: | 2022-09-22 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

The Tokyo Stock Exchange in Japan. Asia markets traded lower on Thursday after the U.S. Federal Reserve raised interest rates and signaled further hikes ahead. U.S. stocks were volatile and closed sharply lower following the announcement. The Nikkei 225 in Japan slipped 1% in early trade, and the Topix index fell 0.78%. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.46%.

WASHINGTON — Moderate and progressive House Democrats struck a deal Wednesday on a long-awaited policing and public safety package, a breakthrough they hope will unify the party on a key issue weeks before the midterm election. The package includes four bills written by moderate Democrats. Another by Rep. Josh Gottheimer of New Jersey would provide grants to local police departments with fewer than 125 sworn officers. A third, by Rep. Katie Porter of California, would provide grants for mental health professionals and other resources. Two other policing bills, written by moderate Reps. Abigail Spanberger, D-Va., and Dean Phillips, D-Minn., that had previously been a part of the negotiations were removed from the package announced Wednesday.

☆ Banks close painful Citrix debt chapter with $700 mln loss -source
▼ + stars: | 2022-09-21 | by ( Abigail Summerville | Matt Tracy | ) www.reuters.com time to read: +3 min

Citrix Systems logo is seen on smartphone placed on U.S. While the syndication was completed successfully, it was done at a steep discount to the levels that the banks underwrote the debt. It was also buoyed by one of Citrix's acquirers, hedge fund Elliott Management, helping out by buying $1 billion in bonds, a second source said. They also sold a $4 billion three-year Citrix bond for 83.6 cents on the dollar, resulting in a higher than expected yield of 10%, the sources added. More debt syndication pain for the banks is on the way.

☆ Asia markets trade lower ahead of Federal Reserve’s expected rate hike
▼ + stars: | 2022-09-21 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. The Nikkei 225 in Japan dropped 1% in early trade, while the Topix index fell 0.94%. Shares in the Asia-Pacific opened lower Wednesday, following Wall Street's negative lead ahead of the Federal Reserve's expected rate hike . "A sourer tone took hold over the past 24 hours, with equities lower and haven currencies, including the dollar, stronger," Taylor Nugent, economist at National Australia Bank, wrote in a Wednesday note. The dollar index strengthened above the 110 level.

☆ Time-off policies are more generous than ever. So why does everyone feel more burned out than ever?
▼ + stars: | 2022-09-21 | by ( Molly Lipson | ) www.businessinsider.com time to read: +10 min

Nearly a fifth of respondents said they avoided taking vacation time for fear of being seen as not committed enough to their jobs. Many companies don't adjust their expectations based on their new leave policies and simply expect workers to cram in the same amount of work. When it was time to return to work, Paraskeva found herself unable to go in. The hypocrisy of time-off policies makes it clear that they seem to benefit the employer much more than workers themselves. By forcing people to pile on work before they leave and scramble once they return, companies are undercutting their supposedly generous time-off policies and making the workplace worse for everyone.

☆ Nancy Pelosi says a congressional stock trading ban is coming this month, but skepticism abounds among key advocates: 'I can't say I'm confident'
▼ + stars: | 2022-09-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

Nancy Pelosi says that a bill to ban members of Congress from trading stocks is coming this month. "I'm concerned about the lack of detail as to what is being planned," said Democratic Rep. Raja Krishnamoorthi of Illinois. Democratic Rep. Raja Krishnamoorthi of Illinois is urging vigilance amid the potential rollout of legislation from Democratic leadership. "I think that coalescing is a very real internal dynamic," Democratic Rep. Alexandria Ocasio-Cortez of New York told Insider last week. "We have not heard exactly what's happening," said Democratic Rep. Pramila Jayapal of Washington, the chair of the Congressional Progressive Caucus.

☆ A House Republican and Democrat are introducing a bill that would require members of Congress to file financial disclosures electronically
▼ + stars: | 2022-09-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Some members of Congress file financial disclosures that are basically illegible. Dusty Johnson of South Dakota are introducing the Easy to Read Electronic and Accessible Disclosures (READ) Act, which would allow users to search, sort, and download financial disclosure data filed by House members, Senators, and candidates for both chambers. "This means that government records, including financial disclosures filed by elected officials, must be easy to find and easy to understand." "These requirements will help bring critical transparency to the financial situation of members of Congress and more opportunity to spot potential conflicts of interest," added Hedtler-Gaudette. The bill comes amid a broader push to ban members of Congress from trading stocks.

☆ India is the 'best bet' in the global economy, says conglomerate exec
▼ + stars: | 2022-09-20 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

The India chairman of conglomerate Hinduja Group said he's bullish on India, which he called "the very great emerging, fast moving market." The Hinduja Group is headquartered in India though it owns businesses across many industrial sectors and has a presence in nearly 40 countries, including the United Kingdom, Switzerland and the United States. "The credit goes to our prime minister," he said, referring to Prime Minister Narendra Modi. Tensions between India and China sharpened in 2020 after their troops clashed on a shared border, and remain strained. More recently, Western countries have criticized India for increasing its purchases of Russian oil as that country's invasion Ukraine rumbles on.

☆ Asia-Pacific markets trade higher as Japan's core inflation rises
▼ + stars: | 2022-09-20 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

An employee works at the Tokyo Stock Exchange in Tokyo, Japan, on Jan. 13, 2022. Shares in the Asia-Pacific rose Tuesday as Japan's inflation accelerated and ahead of China's interest rate decision. Japan's Nikkei 225 rose 1.14% on its return to trade after a holiday and the Topix gained 0.87%. Core inflation in Japan increased 2.8% from a year ago, the fastest rate of increase since late 2014, topping the prediction of 2.7% in a Reuters poll. U.S. stocks wavered between positive and negative territory overnight before closing higher before the Fed's meeting begins Tuesday stateside.

☆ Hong Kong tech leads losses in Asia; China cuts rates ahead of Fed, Bank of Japan meetings this week
▼ + stars: | 2022-09-19 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Shares in the Asia-Pacific fell on Monday ahead of major central bank meetings this week. The Hang Seng index in Hong Kong was 0.89% lower in the final hour of trade, with the Hang Seng Tech index down 1.93%. In mainland China, the Shanghai Composite dipped 0.35% to 3,115.60 and the Shenzhen Component also declined 0.48% to 11,207.04. The People's Bank of China cut its 14-day reverse repo rates. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.59%.

The water drop icon on your Apple Watch means that the Water Lock feature has been enabled. The water drop icon is associated with Water Lock, an Apple Watch feature that prevents you from accidentally touching or interacting with your Apple Watch screen when you're in the water. When you turn off Water Lock, your Apple Watch will emit a few short sounds to clear water from the watch speaker. You will see the blue Water Lock icon at the top of your watch face when Water Lock is turned on. How to turn off Water Lock on your Apple WatchIf your Apple Watch isn't responding to taps on the screen, Water Lock may be on.

The half-moon icon is associated with Focus, an iPhone feature that silences notifications. To turn on your Do Not Disturb Mode, you'll need to locate Focus Mode in your settings. Here's everything you need to know:What the moon means on your iPhone and how to turn it offThe half-moon icon is associated with Focus, an iPhone feature that blocks iPhone notifications. With Focus, there are more options when it comes to Do Not Disturb settings. Here, you can customize Focus settings for different activities and times of day.

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