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☆ The Davos party returns, with the shakes
▼ + stars: | 2023-01-16 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +4 min

DAVOS, Switzerland, Jan 16 (Reuters Breakingviews) - There’s a hangover happening in Davos even though the party hasn’t yet started. The World Economic Forum’s annual winter shindig in the Swiss mountain resort, which kicks off on Monday, marks a return for glitzy parties and high-minded debates following a three-year hiatus. A record number of business leaders are set to make the trip, and the passage of commercial, private and government aircraft through Zurich’s airport suggests overall attendees are at pre-Covid-19 levels. The global pandemic and Russia’s invasion of Ukraine have added more friction to the already creaking globalised world that Davos epitomised. Follow @thereallsl on TwitterloadingCONTEXT NEWSThe World Economic Forum will take place in Davos, Switzerland from Jan. 16 through Jan. 20.

☆ Want a recession-proof portfolio? Fund manager names two stocks that could fit the bill
▼ + stars: | 2023-01-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Investors looking for stocks to ride out a recession may want to consider NextEra Energy and cyber security firm Fortinet , according to one fund manager. The remaining 40% of revenues come from its NextEra Energy Partners subsidiary, one of the biggest wind and solar generators in the United States. When asked by CNBC's Mandy Drury to name recession-proof stocks, Masters said NextEra Energy fit the bill. The fund manager said Fortinet would likely see revenue growth this year despite a global recession as companies fear being hacked amid an increase in online crime. Masters manages the Alphinity Global Equity Fund, which outperformed the MSCI World Index last year.

☆ Factbox: Tech firms, Wall Street lead job cuts in corporate America
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +6 min

Jan 11 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. Job seekers wait before a job fair for airport related employment at Logan International Airport in Boston, Massachusetts, U.S., December 7, 2021. Blue Apron Holdings Inc (APRN.N):The online meal-kit company said it will cut about 10% of its corporate workforce, as it looks to reduce costs and streamline operations. Last year, company executives had said the home goods retailer was cutting about 20% of its corporate and supply chain workforce.

☆ Factbox: FACTBOX Tech firms, Wall Street lead job cuts in Corporate America
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +5 min

Jan 10 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Cisco Systems Inc (CSCO.O):The networking and collaboration solutions company said it will undertake restructuring which could impact roughly 5% of its workforce. The effort will begin in the second quarter of the fiscal year 2023 and cost the company $600 million. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. Consumer and retail companies:Beyond Meat Inc (BYND.O):The vegan meat maker said it plans to cut 200 jobs this year, with the layoffs expected to save about $39 million.

☆ What Apple, Google and other Big Tech companies are paying, based on new salary transparency data
▼ + stars: | 2023-01-06 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

It just got a lot easier to see how much some of the biggest tech companies in the world pay, thanks to a rollout of new salary transparency laws across the country. As of Jan. 1, California and Washington joined New York City and Colorado in legally requiring employers to post salary ranges on their job ads. Data is based on job posts from over 700 of the top tech companies and startups, accounting for more than 53,000 active listings. As of this week, Comprehensive.io says 39% of tech companies are complying with California's new salary range law. In New York City, which rolled out its legislation on Nov. 1, 63% of tech companies are complying.

☆ Factbox: Tech firms leading job cuts in Corporate America
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +9 min

Jan 9 (Reuters) - Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Microsoft Corp (MSFT.O):The software giant laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. However, Bloomberg later reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.

☆ Wall Street veteran names the stocks that could go to $0 — and his favorites in tech
▼ + stars: | 2023-01-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

He calls those companies "zombie stocks" with heavy cash burn. FTX, Zombie Stocks, Meme Stocks, ESG," Trainer said. 'Zombie' stocks to avoid Trainer, a former Wall Street analyst who has been bearish on tech stocks, compiled a list of "zombie" companies which risk of running out of cash. Trainer told CNBC Pro that the best tech stocks to buy are those with strong cash flows and with valuations that underestimate the firm's ability to generate cash in the future. His favorite tech stocks include Qualcomm , Alphabet , Cisco and Oracle .

☆ Jim Cramer predicts these 10 Dow stocks will perform well in 2023
▼ + stars: | 2023-01-03 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday offered investors a collection of stocks that he believes will perform well this year. Procter & GambleThe company is the best of the bunch when it comes to recession-proof stocks, according to Cramer. Johnson & JohnsonThe company has one of the best and fastest-growing pharma businesses, according to Cramer. Goldman SachsCramer predicted that the company will likely perform better this year than last year, even though IPOs, mergers and acquisitions are unlikely to make a comeback in 2023 as the economic environment remains turbulent. Disclaimer: Cramer's Charitable Trust owns shares of Honeywell, Procter & Gamble, Johnson & Johnson, Disney, Cisco and Salesforce.

☆ The Dogs of the Dow beat the market in 2022. Here's how the list shapes up for next year
▼ + stars: | 2022-12-30 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The Dogs of the Dow strategy proved to be a winner in 2022, as investors turned away from growth stocks and looked instead for value companies and dividends. The 2022 list showed a big dispersion in performance. Heading into 2023, growth stocks and the tech-centric Nasdaq have been sliding, suggesting that the outperformance of value stocks may not be over. There are few changes to next year's Dogs list, which is headlined by Verizon . Both of those trades worked really well in 2022, and we think they'll continue to do well in 2023," Simpson said.

☆ Nasdaq closes out its first four-quarter slump since dot-com crash
▼ + stars: | 2022-12-30 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

The only other negative four-quarter stretch in the Nasdaq's five-decade history was in 1983-84, when the video game market crashed. watch nowOther than 2008, the only other year worse for the Nasdaq was 2000, when the dot-com bubble burst and the index sank 39%. Numerous companies went bankrupt, most notably crypto exchange FTX, which collapsed after reaching a $32 billion valuation earlier in the year. In total, Nasdaq companies have shed close to $9 trillion in value this year, according to FactSet. At its peak in 2000, Nasdaq companies were worth about $6.6 trillion in total, and proceeded to lose about $5 trillion of that by the time the market bottomed in October 2002.

☆ CIOs Nominate Their Favorite Reads of 2022
▼ + stars: | 2022-12-28 | by ( Tom Loftus | ) www.wsj.com time to read: +9 min

Chief information officers, ever alert to any development in a field that only hurtles forward, largely reflected that alacrity in their choice of reading during 2022. PREVIEWChris Bedi, chief digital information officer, ServiceNow Inc. Photo: IBM Corp.Ron Guerrier, chief information officer, HP Inc. Photo: Cisco Systems Inc.Fletcher Previn, chief information officer, Cisco Systems Inc. Photo: Home Depot Inc.Fahim Siddiqui, chief information officer, Home Depot Inc.

☆ Cisco UK CTO: 'Internet is fundamental to everything we do'
▼ + stars: | 2022-12-28 | 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 EmailCisco UK CTO: 'Internet is fundamental to everything we do'As the internet turns 40, Chintan Patel, Cisco UK CTO, discusses how the web has connected half of the world, and what it will take to get the remaining 4 billion people to join the digital transformation.

☆ Carter Worth likes 'Dogs of the Dow' Amgen and Cisco
▼ + stars: | 2022-12-27 | 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 EmailCarter Worth likes 'Dogs of the Dow' Amgen and CiscoCarter Worth, Worth Charting founder and CIO, joins 'The Exchange' to discuss buying the 'Dogs of the Dow.'

☆ Here’s our third-quarter earnings report card for all the stocks in our portfolio
▼ + stars: | 2022-12-27 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

Third-quarter earnings season is finally behind us — and like the prior quarter, results were solid overall compared to analyst forecasts. Danaher (DHR) reported sales and earnings beats on the back of better-than-expected results in all three segments of the health technology company. While U.S. customer traffic was down in the quarter, management noted that it improved sequentially and improved throughout the quarter. Still the luxury hotel and casino company reported solid third-quarter results boosted by its U.S. properties. Amazon (AMZN) reported results that were disappointing, to say the least, and compounded by guidance that was even worse.

☆ The managers of two of the best stock funds of 2022 told us about the 3 highest-conviction names in their portfolios
▼ + stars: | 2022-12-23 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Together, they run two of the highest-returning stock funds of 2022. BNY Mellon fund managers John Bailer and Brian Ferguson have done well at avoiding those sorts of traps. Bailer runs a dividend-focused stock fund that's returned 12% a year for investors over the last decade and earned a four-star rating, according to Morningstar. In a joint interview, Bailer and Ferguson told Insider about a couple of current favorites from across their portfolios. (3) Berkshire Hathaway (BRK.A)Warren Buffett is a legendary value investors himself, of course, and his Berkshire Hathaway conglomerate is a favorite for a lot of investors.

☆ A long-overdue reality check for tech stocks has reset the bar for 2023
▼ + stars: | 2022-12-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +9 min

Despite the comedown, many stocks still are expensive on a price-to-earnings basis when compared with the broader S & P 500, which trades at 18 times earnings. As of Monday's close, Meta shares trade at 11 times earnings on a 12-month trailing basis, down from 24 times at the start of 2022. PE ratios for all three stocks have come down significantly this year, with Cisco trading at 17 times earnings, compared to more than 23 times at the start of 2022. Within the semiconductor sector, Meeks favors names operating within industrials and autos, that are better positioned in a slowdown. While risk-averse tech may be the name of the game for 2023, some investors caution opting out of growth altogether.

☆ 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.

☆ Elon Musk continues to foster chaos at Twitter. It's a terrible playbook for leaders following an acquisition.
▼ + stars: | 2022-12-19 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour workweeks. Musk's reign at Twitter, which began when he took ownership of the platform in late October, has been chaotic. Most Twitter employees would be able to get another job relatively easily. "If you're technical talent, you're still going to be in demand if you're good," said Steve Cadigan, who runs Cadigan Talent Ventures and previously worked on mergers and acquisitions at Cisco. Even though the self-dubbed chief twit's path isn't clear to observers, Cadigan said Musk typically knows what he's doing.

☆ 23 major brands suspected of illegally sourcing products made by forced labor in China
▼ + stars: | 2022-12-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

And more ...Mary Meisenzahl/InsiderThese companies have also been suspected of having direct or indirect ties to Chinese forced labor in the aforementioned reports. Bosch"Bosch is committed to ensuring that its products are not produced wholly or in part by forced labor. "Compliance with human rights, labor rights and environmental standards is a top priority at PUMA and has been specified in our Codes of Conduct for over 20 years." As stated in our Business Conduct Guidelines, we reject all forms of oppression, forced labor and participation in human rights violations. We will continue to respect human rights and take a strong stand against forced labor."

☆ Here's our November rapid-fire update on all 33 stocks in Cramer's Charitable trust portfolio
▼ + stars: | 2022-12-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Estee Lauder (EL) — New Club members who want to start a position in the cosmetics giant could do so at these levels. We'd advise Club members do so the same, even if we still like the company's defensive nature. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Brock Purdy: From 'Mr. Irrelevant' to beating the NFL's GOAT
▼ + stars: | 2022-12-15 | by ( Ben Morse | ) edition.cnn.com time to read: +12 min

And this bull is now a steer, so he’s irrelevant. Justin Casterline/Getty ImagesWhen Purdy was selected by the 49ers – and that famous red and white jersey was brought out with “Mr. Irrelevant” celebrations began in 1976, when former 49ers receiver Paul Salata founded “Irrelevant Week” in Newport Beach, California. Purdy celebrates at midfield after the Iowa State Cyclones defeated the Oklahoma State Cowboys 24-21 at Jack Trice Stadium on October 23, 2021 in Ames, Iowa. “I’ve tried to keep myself from being surprised about Brock Purdy years ago because nothing surprises me anymore with him.”

[1/7] U.S. President Joe Biden delivers keynote remarks at a U.S.-Africa Business forum at the 2022 U.S.-Africa Leaders Summit in Washington, U.S., December 14, 2022. "The United States is 'all in' on Africa's future," Biden told African leaders attending a three-day summit in Washington. Beijing has held its own high-level meetings with African leaders every three years for more than two decades. For their part, many African leaders reject the idea that they need to choose between the United States and China. "The fact that both countries have different levels of relations with African countries makes them equally important for Africa's development," Ethiopia's U.N. ambassador, Taye Atske Selassie Amde, told Reuters.

☆ These 10 Club holdings have been the biggest buyers of their own stocks
▼ + stars: | 2022-12-14 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

We then divided that by each company's average market capitalization throughout that same time period. These 10 stocks spent the most on buybacks in their latest full fiscal year relative to their average market capitalization over that same four-quarter period. Devon Energy's stock ended Tuesday at $61.98 per share, giving the company a market cap of $40.52 billion. As of Sept. 30, the company had $43.5 billion remaining on its $70 billion buyback program, which was authorized by the board in April. As of Sept. 30, Linde had $6 billion left on its $10 billion buyback authorization approved by its board in February.

☆ The 25 big companies with the best CEOs
▼ + stars: | 2022-12-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

1 on Comparably's 2022 list of the top CEOs from big companies. 1 on Comparably's Best Company Culture list that was published on Monday. The CEOs of ADP, Nextdoor, and Google also made this year's top 10 CEOs. Several CEOs of companies in tech made the top of the list. The following are the CEOs that made the top of the large company list this year.

☆ 10 of the best companies to work for if you want to advance your career―some jobs pay more than $100K/yr
▼ + stars: | 2022-12-13 | by ( Gili Malinsky | ) www.cnbc.com time to read: +5 min

The company was among the best for career stability and growing talent. It ranked among the best companies for career launchpad, career stability and advancement without a degree. MicrosoftTech giant Microsoft came in among the top companies for career stability, growing talent and advancement without a degree. It ranked among the best companies for career launchpad, career stability and advancement without a degree. It ranked among the best companies for career launchpad, career stability, growing talent and advancement without a degree.

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