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☆ Wall Street analysts think these 5 bank stocks will do well in the second half
▼ + stars: | 2023-07-02 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

All 23 banks that the Federal Reserve subjects to its annual stress test passed the key evaluation after the market closed on Wednesday. Nonetheless, the stress test helped lift major banks stocks, including Wells Fargo and JPMorgan Chase , on Thursday. Phoenix-based Western Alliance , meanwhile, is 58% below its 52-week high. WAL YTD mountain Western Alliance stock has slipped more than 38% so far this year. Wells Fargo stock has gained almost 3.5% in 2023 after climbing 3.4% on Thursday following the Fed's stress test.

Persons: Wells, JPMorgan Chase, Goldman Sachs, Goldman, David Solomon, FactSet Organizations: Federal Reserve, Silicon Valley Bank, Signature Bank, First, KBW Bank, PacWest Bancorp, Western Alliance Bancorp, JPMorgan, CNBC Pro, KBW Bank ETF, Goldman, Western Alliance, Western, Wells, San Locations: U.S, Silicon, GreenSky, Phoenix, Wells Fargo, San Francisco

☆ CNBC Daily Open: Skim off the froth
▼ + stars: | 2023-06-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. 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. Stock markets in Europe traded lower too. [PRO] Markets on an even footingMarkets may have declined last week, but CNBC Pro's Michael Santoli thinks there's still a "favorable underlying market trend."

Persons: Goldman Goldman Sachs, David Solomon, Solomon, Moody's, Wagner, Yevgeny Prigozhin, Alexander Lukashenko, Antony Blinken, Michael Santoli, there's Organizations: New York Stock Exchange, CNBC, Siemens, Moody's Investors, Wagner Group, Belarusian, U.S Locations: New York City, Europe, GreenSky, U.S, Russia, Rostov, Moscow

☆ US Open: Rickie Fowler's agonizing finish sees Wyndham Clark take share of the lead into final round
▼ + stars: | 2023-06-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Rickie Fowler led the US Open by two shots heading into the last hole of his third round. Clark continued to dazzle on his first ever US Open weekend, rebounding superbly after back-to-back bogeys at the 11th and 12th holes threatened to send him sliding. “I felt like I handled all of it really well,” Clark said. ET tomorrow, but will have to hold off the chase of seasoned winner Rory McIlroy to achieve their major aspirations. With reigning champion Matt Fitzpatrick nine shots back from Clark and Fowler, a title defense looks unlikely, as does a second consecutive major for Brooks Koepka.

Persons: Rickie Fowler, Wyndham Clark, “ Bummer, ”, Fowler, Clark, “, ” Clark, Ezra Shaw, McIlroy, Rory McIlroy, Harry, ” McIlroy, Scottie Scheffler, Scheffler, Schauffele, Harris, Dustin Johnson, Xander Schauffele, Richard Heathcote, Matt Fitzpatrick, Brooks Koepka Organizations: CNN, agonizingly, Los Angeles Country Club, Getty, Northern, U.S, Fitzpatrick Locations: Clark

☆ McIlroy shuts out the noise to stay in U.S. Open hunt
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +3 min

"Sort of felt somewhat stress-free out there, if you can ever call golf at a U.S. Open stress-free." This week marks the fifth time McIlroy has opened a major championship with three rounds in the 60s. "Overall, yeah, pretty pleased with how today went, and feel like I'm in a good spot heading into tomorrow," said McIlroy. While plenty confident in his ability, McIlroy admitted he was unsure what sort of boost he could take from his past major triumphs into Sunday's final round. "I'm going out there to try to execute a game plan, and I feel like over the last three days I've executed that game plan really, really well, and I just need to do that for one more day."

Persons: Rory McIlroy, McIlroy, LIV Golf's, Rickie Fowler, Wyndham Clark, Fowler, Scottie Scheffler, It's, I'm, I've, Frank Pingue, William Mallard Organizations: U.S, Los Angeles Country Club, Masters, PGA, Thomson Locations: ANGELES, LIV Golf's Saudi, Toronto

☆ This could be the most beautiful homeless shelter you have ever seen, and it’s getting results
▼ + stars: | 2023-06-09 | by ( Kathleen Toner | ) edition.cnn.com time to read: +9 min

“I had never been to a homeless shelter. I had never talked to someone who was experiencing homelessness,” Tuck said. “And I realized that these women are just like my mom.”Brandi Tuck, left, as a college junior, volunteering at a homeless shelter on spring break Courtesy Brandi TuckAt one shelter, Tuck was entertaining children while their mothers were in a GED class. Specialists help families find permanent housing, while case managers help people access the services they need. She was determined to make it an environment that would help families recover mentally as well as physically.

Persons: Oregon CNN — Brandi Tuck, ‘ Nobody’s, ’ ”, Tuck, She’d, ”, “, ” Tuck, ” Brandi Tuck, Brandi Tuck, ’, agonized, Kitty Hernandez, Hernandez, ” Hernandez, “ It’s, ” Kitty Hernandez, Brandi Tuck's, you’ve Organizations: Oregon CNN, University of Florida, CNN Locations: Portland, Oregon, New York City, Atlanta , Georgia, Portland , Oregon, ” Oregon, United States

☆ International tipping: How to cut through the chaos and confusion
▼ + stars: | 2023-05-29 | by ( Forrest Brown | ) edition.cnn.com time to read: +15 min

In the United States, “tipping is very customary. Leighton also said you won’t find a tipping culture on the island of Taiwan. Robinson said the tipping culture is less pervasive in Sicily than the United States and even more laid-back than in Rome. As for tipping culture in the US vs. the UK, Ryan Burditt said, it’s “really opposites to me. Robert Knopes/Education Images/Universal Images Group/Getty ImagesVisitors to the United States could be in for some tipping culture shock.

☆ Credit Suisse lodges $440 mln London claim against SoftBank
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

[1/2] A view shows the logo of Credit Suisse on a building near the Hallenstadion where Credit Suisse Annual General Meeting took place, two weeks after being bought by rival UBS in a government-brokered rescue, in Zurich, Switzerland, April 4, 2023. REUTERS/Pierre AlbouyLONDON, April 19 (Reuters) - Credit Suisse (CSGN.S) has lodged a $440 million claim against Japan's SoftBank Group Corp (9984.T) in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm. A SoftBank spokesperson accused Credit Suisse of trying to shift blame for its own poor investment decisions and said the case was entirely without merit. "Credit Suisse continues to prioritize maximising recovery for investors in the supply chain finance funds," a spokesperson for the Swiss lender said. Credit Suisse is the biggest name to date to become ensnared in market turbulence unleashed by the collapse of U.S. lenders Silicon Valley Bank and Signature Bank.

☆ Goldman Sachs Moves to Keep Shrinking Its Consumer-Lending Business
▼ + stars: | 2023-04-18 | by ( Annamaria Andriotis | ) www.wsj.com time to read: 1 min

Goldman Sachs Group Inc. is moving forward with its plans to pull away from Main Street lending. The bank said Tuesday that it had sold part of the portfolio of Marcus personal loans and put the rest up for sale, even though it had to take a revenue hit to do so. It also said it would start the process to explore the sale of GreenSky, a specialty lender that it bought about a year ago.

☆ Goldman has its fingers in the wrong pies
▼ + stars: | 2023-04-18 | by ( John Foley | ) www.reuters.com time to read: +4 min

NEW YORK, April 18 (Reuters Breakingviews) - Rising interest rates have been a gift to big U.S. banks – except Goldman Sachs (GS.N). Boss David Solomon is reshaping the firm, but for now Goldman has to earn its money the hard way. Goldman, with interest just 15% of its revenue compared with roughly half at its banking peers, missed out. Solomon wants to remold Goldman as a bank for all seasons, but he isn’t there yet. Goldman’s fixed-income trading revenue fell 17% year-on-year, with “significantly lower” revenue in currencies and commodities.

☆ A former Air Force pilot who now flies private jets shares what her job is like — it's not as glamorous as people may think
▼ + stars: | 2023-04-16 | by ( Jordi Lippe-Mcgraw | ) www.businessinsider.com time to read: +6 min

Laura Schmutzer was in the Air Force and worked as a commercial pilot before moving to private jets. But as a private-jet pilot, Laura Schmutzer can attest there's more to it than people might expect. Commercial pilots must live close to or commute to major aviation hubs. Schmutzer said that between her private flights she can sneak in adventures like snorkeling. Laura SchmutzerLast-minute adventures between flights are possibleWhile being a private-jet pilot isn't always glamorous, there's sometimes time for spontaneous adventures.

☆ Today’s Wordle Review
▼ + stars: | 2023-04-13 | by ( Scott Cacciola | ) www.nytimes.com time to read: +1 min

A batch of fives and sixes simply means that it was a stupid word in the first place. It pains me to admit that I’m not terrific at Wordle. I’m the Spike Owen of Wordle. I always thought it was KARAT, with a K. But I’ve already eliminated K, thanks to ROCKY. I rate this Wordle two out of five stars because I know that my sister-in-law is about to beat me.

☆ Jeremy Grantham can spot market bubbles. Now he's warning of an 'ominous' bust
▼ + stars: | 2023-04-13 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

“Every one of these great bursts of euphoria, the great bubbles with overpriced markets … has been followed by a recession,” Grantham said. “When the great bubbles break, they do impose a lot of stress on the system,” Grantham said. What’s even more worrying is that this time, bubbles in the stock market and the real estate market are poised to burst simultaneously, Grantham said. The sector, which relies heavily on debt financing, has been hit hard by rising interest rates. Volcker raised interest rates to unprecedented levels to fight inflation in the late 1970s and early 1980s.

☆ People are moving to North Carolina for its natural beauty and country vibes, but finding it doesn't offer a lower cost of living or diversity
▼ + stars: | 2023-04-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +9 min

She and her family considered places like Tennessee and Florida , but ultimately chose North Carolina because of its hands-off government and lush scenery. Five recent movers highlight what stands out about North Carolina, from its natural scenery to its lack of diversity. One thing she's had to get used to in North Carolina is the lack of diversity in food. An Ohio man liked North Carolina so much he moved there twiceJohn Yuschak first dipped a toe in North Carolina in 2012 after moving from Columbus, Ohio. They were pleased with the four seasons North Carolina has to offer, but anticipated higher savings.

☆ Get paid up to $10,000 to move? That's great for remote workers, but economists say it's not a good investment for the cities footing the bill
▼ + stars: | 2023-02-19 | by ( Robert Davis | ) www.businessinsider.com time to read: +13 min

The more than 2,000 people who received Tulsa Remote grants have a median income of more than $85,000. For starters, he found the income generated by recipients of the Tulsa Remote program was just a sliver of the $80 billion the 468,000-plus workers in the Tulsa metro area generated in 2021. A Brookings Institution analysis of the Tulsa Remote program published in September found that the program was generally effective at bringing high-skilled labor to the area. He compared the impact of the incentive program to the opening of a Honda manufacturing plant in Greensburg in 2007. A previous audit from Hoffer's office in 2019 identified two major flaws in the Think Vermont program.

☆ A dietitian shares the smoothie-making mistake that causes blood sugar spikes — and 5 healthy recipes to try instead
▼ + stars: | 2023-01-27 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +3 min

Making smoothies with fruit alone is a mistake that causes blood sugar spikes, a dietitian said. It's important to add healthy fats, protein, and fiber, Nichola Ludlam-Raine told Insider. She shared five recipes for nutritionally balanced smoothies, from carrot cake to apple pie flavors. "The main mistake people make when making smoothies is making them with 100% fruit," registered dietitian Nichola Ludlam-Raine told Insider. "These combined help to slow down the release of the energy from the blended fruit," Ludlam-Raine said.

☆ North Carolina couple accused of performing 'exorcism' on child, 4, who died
▼ + stars: | 2023-01-26 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

A North Carolina couple are accused of performing an amateur exorcism on their 4-year-old son, who later died. Skyler died Jan. 9 "from injuries related to the abuse sustained by his parents," authorities said. The sheriff's office did not immediately respond to a request for comment Thursday. They are alleged to have restrained and isolated the child and performed an exorcism, the station reported. They had other children in their custody who are now in the care of the Department of Social Services, the sheriff's office said.

☆ How to be a better investor in 2023
▼ + stars: | 2023-01-05 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —If you’re planning to invest your hard-earned money in stocks, bonds and other assets this year, let humility be your guide. In response, stocks and bonds, which typically don’t move in the same direction, moved down in tandem in 2022, with both ending the year deep in the red. Ignore the noiseWhether 2023 is great or awful for stocks — or, more likely, both at different times — that shouldn’t sway your investing decisions. Given recession concerns, Wilson noted that value stocks, which represent companies with strong fundamentals but are considered underpriced, tend to perform better during economic downturns. For those with a long time horizon and a high tolerance for risk, Wilson suggests looking for buying opportunities among stocks that have been hammered.

☆ The stock market's biggest risk in 2023 is a drop in corporate earnings, even if the economy avoids a recession
▼ + stars: | 2022-12-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market's biggest risk in 2023 is a decline in corporate earnings, according to Ned Davis Research. "The direction of earnings revisions is likely to be down regardless of whether Powell can find some of Greenspan's 1994 soft-landing magic." In a non-recession scenario, NDR estimates that earnings revisions "in the ballpark of 8% would be a reasonable assumption." "If the economy falls into a recession, [earnings] revisions could be the biggest since 2020 COVID-19 shutdown and possibly larger than during the 2015 oil collapse," Clissold said. "Unless economic conditions improve quickly, earnings revisions could be severe."

Three former Georgia sheriff's deputies were arrested and charged for allegedly beating a Black inmate in a videotaped September attack that "shocked the conscience," authorities said Tuesday. They had already been fired by the Camden County Sheriff’s Office prior to their arrests. The arrests come a week after attorneys for inmate Jarrett Hobbs released several videos showing deputies allegedly beating him on Sept. 3 at the Camden County Jail in Woodbine. The videos showed the deputies appearing to punch Hobbs, drag him from his cell, slam him against a wall, and kick him repeatedly. The incident led to the sheriff's office and the Georgia Bureau of Investigation launching separate investigations.

☆ Liberty Steel agrees debt restructuring deal
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 15 (Reuters) - The Liberty Steel group owned by commodities tycoon Sanjeev Gupta has reached an agreement to restructure much of its debt for global operations, it said on Tuesday, while negotiations continue on the debt of its European business. Liberty said in a statement that it had signed a term sheet subject to contract on an agreement in principle on debt restructuring with parties responsible for the main creditors of Greensill Capital UK Ltd, Greensill Bank AG and Credit Suisse Asset Management (CSGN.S). The company said in June that it had reached a standstill agreement with its largest creditor, Greensill Bank, on debt facilities for its European business. Tuesday's statement said Liberty was in the process of negotiating a similar term sheet for restructuring debt for the European business. German-based Greensill Bank is a subsidiary of Greensill Capital, which lent money to businesses by buying their invoices at a discount, but it collapsed after one of its main insurers declined to renew its cover.

☆ Credit suisse completes liquidation of one of Greensill linked funds
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

ZURICH, Nov 9 (Reuters) - Credit Suisse on Wednesday announced it has completed the liquidation process of one of its four funds linked to collapsed supply chain financing firm Greensill Capital. A final payment scheduled for this Friday, will bring the total amount returned to investors in the Liechtenstein domiciled investment grade fund to $667 million, which represents 99.7% of the fund's total. Reporting by Noele Illien, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ From vegan meatballs to ice cream sundaes, airlines are revamping in-flight menus
▼ + stars: | 2022-09-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +7 min

From vegan meatballs to ice cream sundaes, airlines are offering new options and old favorites to woo returning travelers. The pandemic drove airlines to record losses and had them looking to cut costs wherever possible, such as in-flight food. Chasing high-paying travelersBetter in-flight menus can boost a carrier's image and help it bring more high-paying travelers on board. A plethora of videos have been posted online by airline passengers reviewing meals, plating and service in detail. Veggie and veganEven before the pandemic, airlines were expanding options for travelers who prefer vegetarian and vegan meals.

☆ With stocks falling again, here's how to protect your portfolio
▼ + stars: | 2022-08-29 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Now stocks appear to be reversing course, having fallen steeply in the wake of Powell’s address. While it may be a bumpy road ahead, there are ways to mitigate potential damage to your portfolio in the coming months. Forget timing the marketYou may be tempted to sell equities and move the proceeds into cash or a money market fund. You’ll tell yourself you will move the money back into stocks when things improve. So check to see that your current allocation to stocks and bonds matches your risk tolerance and your ideal retirement date.

☆ An indoor farming startup is valued at $2.3 billion after a historic fundraising round as climate change concerns become more urgent
▼ + stars: | 2021-05-26 | by ( Alex Hickey | Morning Brew | ) www.businessinsider.com time to read: +1 min

This story is from today's edition of Morning Brew, an awesome daily email publication read by 2.5 million next-generation leaders like you. The startup, now valued at $2.3 billion, grows produce using indoor vertical farming setups. Sci-fi farming is catching onClimate change concerns and a renewed focus on the food supply chain have contributed to increased investor appetite for indoor farming. Last year, global VC investment in indoor farms tripled to almost $1.9 billion. Zoom out: The indoor farming sector is growing but is still just a wee seedling.

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