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☆ CNBC Daily Open: Stocks snapped their losing streak but it's unclear if their gains can last
▼ + stars: | 2023-02-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Even though stocks have staged a rebound, analysts warn that markets are not out of the woods yet. While that means it's possible for markets to advance further this year, two pieces of data coming out Friday — January's personal consumption expenditures price index and personal income report — will test that idea. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Stocks rebound from lows but remain volatile amid confusing market
▼ + stars: | 2023-02-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ A 'Mean Girls' star described the career setback that made him feel like "someone had died," and the au pair job he took after playing Kevin G
▼ + stars: | 2023-02-20 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +4 min

Rajiv Surendra played hilariously memorable character Kevin G in "Mean Girls." He said that after 'Mean Girls,' he had a career rejection that altered the course of his life. "I worked really really hard to try to get this part. The "Mean Girls" star recognized how strange the choice seemed from the outside, looking in. "Even when we were filming 'Mean Girls,'" he said, "they called me Martha Stewart because they knew I did pottery and knitted and everything."

☆ ‘De-Influencers’ Want You to Think Twice Before Buying That Mascara
▼ + stars: | 2023-02-03 | by ( Sara Ashley O'Brien | Lane Florsheim | ) www.wsj.com time to read: 1 min

After years of influencers pushing cosmetics, clothes, personal tech and supplements to the masses, a rising cohort is taking a different tack: telling people what not to buy. They’re calling it “de-influencing.”The term is being popularized in videos by people whose experience runs the gamut: disappointed consumers, savvy beauty bloggers, doctors dispelling skin-care myths and former retail employees dishing on which products they saw returned most often. Their shared guidance is a rejoinder to a seemingly endless stream of recommendations and promotional content on the platform—and a sign of growing backlash to overconsumption. TikTok videos under the hashtag #deinfluencing have surpassed 68 million views.

☆ Pope Emeritus Benedict in stable condition and participates in Mass
▼ + stars: | 2022-12-30 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

“At present his condition is stationary.”On Wednesday, Pope Francis revealed that his 95-year-old predecessor was “very ill” and he went to see him in his home in the Vatican Gardens. Francis called for prayers for Benedict, resulting in an outpouring of messages of solidarity from rank-and-file Catholics and cardinals alike. On Friday evening, the cardinal vicar of Rome, Cardinal Angelo De Donatis, celebrated a special Mass for Benedict in St. John in Lateran Basilica. Referring to Benedict’s nearly 10 years in retirement from the papacy, De Donatis said that the pope emeritus “even in old age, and in illness, continues to sustain humanity totally offering oneself.”The pope emeritus was “in profound communion with Pope Francis,” the cardinal said. At the end of Mass, De Donatis said the faithful were entrusting “our Pope Emeritus Benedict XVI to the maternal care” of Jesus’ mother, “because she has promised to be near to her children in the moment of trial.”

☆ 'Investors changed the rules of the game overnight.' The CEOs of Rapyd, Revolut, Wefox, and Klarna look ahead to fintech in 2023.
▼ + stars: | 2022-12-30 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

After a bruising year for the sector, fintech startups are prioritizing profitability. The CEOs of Revolut, Klarna, Wefox, and Rapyd outlined the new reality for consumer-facing fintech. "Investors changed the rules of the game overnight," Rapyd CEO Arik Shtilman told Insider. "Investors changed the rules of the game overnight," Arik Shtilman, CEO and founder of $15 billion fintech Rapyd told Insider at the Slush conference in Helsinki. Regardless of whether a focus on profitability has been pushed by investors or not, the tide has now turned for the fintech sector in Europe.

☆ Gold flat as geopolitical tensions ease; focus on future Fed path
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices were flat on Thursday as safe-haven demand from latest geopolitical concerns faded, while hopes that the U.S. Federal Reserve would be less aggressive on rate hikes over coming months underpinned the market. Gold prices hit a three-month peak of $1,786.35 per ounce on Tuesday, after news that Russian missiles killed two people in Poland near the Ukraine border. Focus remained on Fed's interest rate strategy, with traders pricing in a 93% probability of a 50 basis-point of rate hike at the U.S. central bank's December meeting. U.S. 10-year Treasury yields were hovering near a one-month low, reducing the opportunity cost of holding non-interest bearing gold.

"The softer inflation data took some wind out of the dollar's sails," said Joe Manimbo, senior market analyst at Convera in Washington. "The dollar is steadier because we're having this residual, geopolitical skittishness as well as signs of a fairly sturdy U.S. economic backbone in the forms of U.S. retail sales." Retail sales rose 1.3% in October, more than the 1.0% increase that economists polled by Reuters had forecast. The dollar briefly pared losses on release of the retail sales data, but later fell against the euro to trade little changed against major currencies. Yields fell further on the market's benign inflation outlook.

☆ Poland missile relief dents dollar; stocks retreat
▼ + stars: | 2022-11-16 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/IllustrationLONDON, Nov 16 (Reuters) - Global stocks eased from two-month highs on Wednesday while the safe-haven dollar fell, after Poland's president said a missile that hit his country was probably a stray Ukrainian defence projectile, dispelling fears that it originated from Russia. Data on Wednesday showed U.S. retail sales rose by 1.3% in October, compared with expectations for a 1.0% rise, showing consumers were undeterred by high inflation last month. This gave a bump to the dollar, which cut some of the day's losses and weighed heavily on European shares. The dollar, which acts a safe haven in times of geopolitical or market turmoil, rallied overnight, before falling throughout the European session. Gold rose 0.2% on the day to $1,776 an ounce, supported by a slightly weaker dollar, while Brent crude futures fell 0.6% to $93.33 a barrel, having retreated from an overnight high of $94.79.

☆ Stocks pare losses, dollar falls after Biden defuses tensions over Poland blast
▼ + stars: | 2022-11-16 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

LONDON, Nov 16 (Reuters) - Global stocks pared losses and the dollar fell on Wednesday after U.S. President Joe Biden told G7 and NATO partners that a missile blast in Poland was caused by a Ukrainian defence missile, dispelling fears that it originated from Russia. This is whatever it was, but it was not an attack on Poland and Biden’s comments took the tension out of it," Societe Generale strategist Kit Juckes said. When the missile struck, NATO member Poland first said a Russian-made rocket was responsible and summoned Russia's ambassador to Warsaw for an explanation after Moscow denied it was responsible. Biden said the United States and its NATO allies were investigating the blast but early information suggested it may not have been caused by a missile fired from Russia. With geopolitical tensions injecting some volatility into the broader markets, benchmark 10-year Treasury yields were almost unchanged on the day at 3.807%.

☆ Op-ed: Democrats are better for our country and economy
▼ + stars: | 2022-10-31 | by ( Rep. Suzan Delbene | Chair Of The New Democrat Coalition | ) www.cnbc.com time to read: +6 min

All of this is a direct result of the work Democrats have done in Congress and in the White House. While Democrats are moving America forward, Republicans are working to move our country and economy backward. Under President Biden's leadership, Democrats have grown our economy 3 times faster than when Republicans controlled Congress and the White House. This is what a pro-business, pro-worker, pro-economic growth party and economic plan look like. While Republicans look to the past, New Dems look to the future – and in about a week, Americans will decide between the two.

☆ Shanghai says water supplies 'normal' after shortage scare sparks hoarding
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Oct 12 (Reuters) - Authorities in the Chinese financial hub of Shanghai have told citizens that municipal water supplies remain "normal", dispelling rumours of shortages and quality issues that led to a wave of panic-buying throughout the city on Tuesday. The backflow of sea water into Shanghai's depleted reservoirs began in early September, and the city's water supply firms are closely monitoring the situation and "scientifically" making adjustments to water flows, the city government said on its official WeChat channel late on Tuesday. Register now for FREE unlimited access to Reuters.com Register"Tap water production and supply are normal, and water quality standards have been reached," it said. Shanghai experienced a wave of panic buying earlier this year amid fears of food and water shortages brought about by a city-wide COVID-19 lockdown that eventually lasted more than two months. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by David Stanway; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. core capital goods orders accelerate in August; shipments rise
▼ + stars: | 2022-09-27 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

REUTERS/Mike BlakeSummarySummary Companies Core capital goods orders increase 1.3% in AugustCore capital goods shipments rise 0.3%Durable goods orders fall 0.2% on transportation dragWASHINGTON, Sept 27 (Reuters) - New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to spend on equipment despite higher interest rates, which could keep the economy on a moderate growth path. Data for July was revised higher to show these so-called core capital goods orders gaining 0.7% instead of 0.3% as previously reported. Economists polled by Reuters had forecast core capital goods orders rising 0.2%. Core capital goods shipments rose 0.3% after climbing 0.6% in July. Core capital goods shipments are used to calculate equipment spending in the gross domestic product measurement.

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