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☆ Big Tech's had a devastating year. Here's why we're holding on
▼ + stars: | 2022-12-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Amazon Amazon has been battling with rightsizing its business due to the pull-forward demand it experienced during the COVID-19 pandemic. We'd also like to see how the company is addressing slower growth at its cloud business, Amazon Web Services (AWS). Microsoft Microsoft has been pressured by weakening demand for personal computers, the strong U.S. dollar and tightening enterprise budgets for the cloud. "I think the company could have a decent quarter and it hasn't had to issue a warning about what is now the declining dollar," Jim said. The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone and a laptop screen.

☆ Japan, Britain and Italy to build jet fighter together
▼ + stars: | 2022-12-09 | by ( ) www.nbcnews.com time to read: +4 min

Japan, Britain and Italy are merging their next-generation jet fighter projects in a ground-breaking partnership spanning Europe and Asia that is Japan’s first major industrial defense collaboration beyond the United States since World War II. Amid what it sees as deteriorating regional security, Japan this month will announce a military build up plan that is expected to double defense spending to about 2% of gross domestic product over five years. “It’s also good for our international reputation”The proposed jet fighter aircraft Tempest, shown during the Farnborough Airshow, in southern England in July. Britain also wants Japan to improve how it provides security clearances to contractors who will work on the aircraft, sources with knowledge of the discussions told Reuters. “The United States supports Japan’s security and defense cooperation with likeminded allies and partners, including with the United Kingdom and Italy,” the U.S. Department of Defense said in a joint statement with Japan’s Ministry of Defense.

☆ Prince William gave a $1.2 million Earthshot prize to a startup that makes edible packaging from seaweed
▼ + stars: | 2022-12-03 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Prince William awarded five Earthshot Prizes of $1.2 million on Friday to fund climate innovation. The prestigious Earthshot Prizes were awarded on Friday in Boston. Each winner will receive £1 million ($1.2 million) to develop their climate innovations. The star-studded ceremony, hosted by Prince William and Kate Middleton, had various celebrities in attendance including Billie Eilish, Ellie Goulding, Annie Lennox, Rami Malek, Catherine O'Hara, and David Beckham. The Earthshot Prizes were launched in 2020 by Prince William and Sir David Attenborough.

This time round, Charles III hosted the first state visit of his reign and welcomed South African President Cyril Ramaphosa to the UK. The South African state visit was Charles’s first big diplomatic test. But this week, the prominence of the Prince and Princess of Wales during the state visit indicated that the couple have been elevated into crucial central roles. PHOTOS OF THE WEEKHere’s a few of our favorite shots from the first state visit King Charles hosted as monarch. Stefan Rousseau/WPA Pool/Getty ImagesThe state visit also allowed UK PM Rishi Sunak the opportunity to welcome Ramaphosa to 10 Downing Street for a bilateral meeting.

☆ King Charles welcomes South Africa’s Ramaphosa for first state visit
▼ + stars: | 2022-11-22 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

King Charles hosted his first state visit since becoming British monarch on Tuesday, welcoming South African President Cyril Ramaphosa to Buckingham Palace. Charles, 74, rolled out the traditional pomp and ceremony for the first time as head of state, as Britain seeks to bolster its relations with its biggest trading partner in Africa. Ramaphosa is scheduled to visit Westminster Abbey to lay a wreath at the Tomb of the Unknown Warrior and see the memorial stone for former South African President Nelson Mandela. The Prince and Princess of Wales stand with South Africa's President Cyril Ramaphosa (C) at the Corinthia Hotel in London. The last state visit to Britain by a South African leader was that of President Jacob Zuma in 2010 when he was met by Charles and Camilla at the start of the trip.

Christopher Gregory/Getty ImagesDonald McGahn, Trump campaign counsel: I was at the top. Trump's 2016 campaign aides said they paid about 50 people, including part-time actors, to appear as supporters for his 2016 campaign announcement. Corey Lewandowski, Trump campaign managerCorey Lewandowski: I called my wife just as we were getting onto the plane. Stuff that would be from Mars on any other campaign was perfectly normal for the Trump campaign. Mark J. Terrill/AP photo Show less Trump at the Republican National Convention while Cruz speaks on July 20, 2016.

Following Monday's trade, Jim Cramer's Charitable Trust will own 325 shares of Microsoft, decreasing its weighting in the portfolio to 2.79% from 3.2%. Tech stocks soared in response to cooler-than-expected inflation data , which provided hope that the Federal Reserve could slow the pace of interest rate hikes next month. Although tech stocks tend to see their valuations (price-to-earnings multiples) expand when interest rates fall, we remain guarded around tech companies that may struggle to deliver on earnings due to macroeconomic pressures. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Investors have been fleeing Big Tech for 'old economy' stocks. Here’s what it means for our holdings
▼ + stars: | 2022-11-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

The largely abysmal results for the last quarter led Jim Cramer to urge investors to limit their exposure to tech and semiconductor stocks . The market cap of the Club's five Big Tech stocks are collectively down 42% over the last 12 months, as of Thursday's close, according to FactSet. Here's a closer look at each of our tech stock's valuation changes, along with our analysis, too. Being close to its 5-year average valuation doesn't make it the most enticing P/E compared to other tech stocks whose valuations have dropped more than their historical averages. Meta Platforms (META) Meta currently trades at 13.6 times forward earnings estimates, compared with the 5-year average of 21.8 times.

☆ What our Big Tech holdings signaled on expenses and hiring this earnings season
▼ + stars: | 2022-10-31 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

We want to see that happen with the Club's holdings, so we paid close attention to what management teams at our Big Tech stocks signaled on costs during this mixed earnings season. Head count grew by 22% on an annual basis, 6 percentage points of which was due to acquisitions that closed in the prior two quarters. "Our sequential head count growth from Q1 to Q2 will be minimal. ... We've added a lot of head count over the past 12 months, and we want to make sure we use those head count in the most productive way possible," Hood said this week. "We are holding some teams flat in terms of head count, shrinking others, and investing head count growth only in our highest priorities," Wehner said.

☆ Top investors say it's foolish to ignore the value in tech stocks right now. What to buy and when
▼ + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +25 min

Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. Playing defense When looking outside of big tech, investors may also want to consider looking out for more defense-focused names. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base. Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base.

☆ 5 signs the world is headed for a recession
▼ + stars: | 2022-10-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +12 min

New York CNN Business —Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. There’s now a 98% chance of a global recession, according to research firm Ned Davis, which brings some sobering historical credibility to the table. In an interview, its CEO was asked whether he believes the slowdown was a sign of a looming global recession. The upshotWhile the consensus is that a global recession is likely sometime in 2023, it’s impossible to predict how severe it will be or how long it will last. Not every recession is as painful as the 2007-09 Great Recession, but every recession is, of course, painful.

☆ 3 Scandanavian Secrets to Resilience
▼ + stars: | 2022-08-04 | by ( ) www.nytimes.com time to read: 1 min

Justin Tallis/Agence France-Presse — Getty ImagesFor decades, global surveys have ranked Denmark as one of the happiest countries in the world. Even the long slog of Covid lockdowns, recent studies show, had only a small impact on Danish mental health. I spoke to researchers about three reasons behind this resilience →

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