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☆ Oprah Winfrey: Here's the 'No. 1 signal' you're stuck in your career—and what to do about it
▼ + stars: | 2023-11-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Oprah Winfrey is a media mogul worth $2.5 billion, but even she has felt stuck and confused at different points throughout her career. Like many young people, Winfrey held jobs early in her career that did not bring purpose or meaning to her life. You might not realize you are stuck in your career until you burn out, Winfrey told Wanga. In order to step into the most powerful version of yourself, you need to have clarity of intention, Winfrey told Wanga. "I spent many years talking to my audiences after the show, and I would always say, 'Tell me what you want.

Persons: Oprah Winfrey, Winfrey, Caroline Wanga, she's, Wanga, Gary Zukav's, haven't, —, Warren Buffett Organizations: Essence Ventures, WJZ Locations: U.S

After 525 basis points of interest rate hikes, financial conditions are now the tightest in a year, and biting. JPMorgan strategists estimate that the impact on GDP from tightening financial conditions takes anywhere from one to two years to be felt. Reuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsThe renewed weakness of U.S. regional bank shares is one of them. Reuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsBNP Paribas analysts reckon the impact on GDP growth from tighter financial conditions recently equates to a 40 basis point rate hike. Around a third of the bank's financial conditions index rise since April is from higher bond yields.

Persons: Brendan McDermid, Goldman Sachs, Torsten Slok, Morgan Stanley, Jerome Powell, Jamie McGeever, Andrea Ricci Organizations: New York Stock Exchange, REUTERS, Rights, Fed, Treasury, Wall, JPMorgan, National Federation of Independent, Reuters, Thomson Locations: New York City, U.S, Rights ORLANDO , Florida, October's

☆ Dating apps can embrace gamification of hookups
▼ + stars: | 2023-10-06 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

The dating app Tinder is shown on a mobile phone in this picture illustration taken September 1, 2020. The dating app owned by Match (MTCH.O) said last week it’s rolling out a subscription tier called “Tinder Select” that will cost $500 a month. The $12 billion company could make even more money if it approached hookups the way computer games hook users. By contrast, if a hefty 1% of Tinder’s current subscribers sign up for Tinder Select, they will pay an extra $600 million. Follow @thereallsl on XCONTEXT NEWSMatch’s dating app Tinder is launching a premium service named “Tinder Select” for $499 a month.

Persons: Akhtar Soomro, Bernard Kim, Tinder, Peter Thal Larsen, Sharon Lam, Aditya Sriwatsav Organizations: REUTERS, Reuters, Match, Apps, Tinder, Reuters Graphics Reuters, Thomson Locations: Plenty

☆ The Queen’s question returns with a vengeance
▼ + stars: | 2023-10-06 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

The world’s leading central banks had spent the previous two decades focusing on low inflation, neglecting risks to financial stability. Central bankers counter correctly that predictive accuracy is not the same as explanatory power. Yet it is far from clear how today’s independent central banks should respond to these overtly political struggles. In 2021, when the Phillips Curve was asleep at the wheel, the growth in the money supply was flashing red. The unfortunate truth is that there are many answers to the Queen’s question this time round – but no single magic solution.

Persons: Elizabeth, Prince Andrew , Duke, York, Prince Philip , Duke of Edinburgh, Tom Nicholson, Queen Elizabeth, Ben Bernanke, don’t, Phillips, Isabella Weber, Guido Lorenzoni, Andrew Bailey, monetarism, Milton Friedman, Anna Schwartz, Winston Churchill, Bernanke, Peter Thal Larsen, Oliver Taslic, Thomas Shum 私, 「 Organizations: Westminster Abbey, REUTERS, Reuters, Bank of England, U.S . Federal, Phillips, University of Massachusetts Amherst, University of Chicago, MIT, United, 「 Reuters Locations: Westminster, London, Britain, British, Central, Ukraine, Paris, United States

☆ Champions City shocked by Wolves, Manchester United lose again
▼ + stars: | 2023-09-30 | by ( Peter Hall | ) www.reuters.com time to read: +4 min

MANCHESTER, England, Sept 30 (Reuters) - Champions Manchester City slipped to a shock first Premier League defeat of the season at Wolverhampton Wanderers on Saturday, while Manchester United's campaign of woe continued with a loss to Crystal Palace. United slumped to their fourth loss of the Premier League season as an early Joachim Andersen strike gave Palace a 1-0 win at Old Trafford. With nine points and a minus four goal difference, this is 10th-placed Manchester United's worst-ever start to a Premier League season after seven games. CITY COME UNSTUCKUnited's rivals City had been having no such bad luck this term and made the trip to Wolverhampton having won all six of their opening league games. Newcastle United also continued their winning streak with a 2-0 victory over Burnley, while West Ham United beat Sheffield United 2-0 at London Stadium.

Persons: Joachim Andersen, Andersen, Sam Johnstone, Erik ten Hag, Ruben Dias, Pedro Neto's, Julian Alvarez, Jose Sa, Hwang Hee, Cunha, Pep Guardiola, Kai Havertz, Martin Odegaard, Ben White, Mikel Arteta's Arsenal, Andoni Iraola's, Thomas Kaminski, Luton's, Villa, Ollie Watkins, Peter Hall, Clare Fallon Organizations: Manchester City, Premier League, Wolverhampton Wanderers, Crystal, Arsenal, Bournemouth, Luton Town, Everton, Old, Brighton & Hove Albion, Manchester, CITY, City, Wolverhampton, Wolves, Newcastle United, League, London, Luton, Aston Villa, City . Newcastle United, Burnley, West Ham United, Sheffield United, Tottenham, Liverpool, Thomson Locations: MANCHESTER, England, Manchester, Old Trafford, Saturday's

☆ Banc of California set to merge with rival PacWest
▼ + stars: | 2023-07-25 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —PacWest Bancorp (PACW) is set to merge with Banc of California in a $400 million equity deal, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter earnings results. The move aims to restore confidence in the sector after the collapse of three regional banks earlier this year. Banc of California reported a much smaller decline in net income of $2.4 million last quarter. PacWest has been under considerable pressure after Silicon Valley Bank failed in March, sending shock waves across regional banks in the United States. Once the deal closes, PacWest shareholders are set to receive 0.66 of a share of Banc of California for each share they own.

Persons: “, ”, Jared Wolff, Wolff, PacWest, SVB, Warburg Pincus Organizations: New, New York CNN — PacWest, Western Bank, Beverly, Santa, Bank, Federal Reserve, Centerbridge Partners, Wall Locations: New York, Banc, California, Santa Ana, United States

☆ Post-it maker 3M is in danger of coming unstuck
▼ + stars: | 2023-07-19 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +10 min

There will be up to $1.5 billion of costs related to separating the health care business, 3M has said. Its interest cover, after backing out estimated operating income from health care, would fall to about 4 times from 11 times. And its net debt, using all these assumptions and excluding the health care division, would swell to nearly 5 times EBITDA from less than 2 times. Back out $2.5 billion from health care, as estimated by the Morgan Stanley team, and $1.5 billion of capital expenditure costs noted by Wolfe Research. For example, the water settlement, as drafted, only envisions $4.6 billion of outlays through 2025, and the rest over the ensuing 11 years.

Persons: Mike Roman, Roman, Sackler, Johnson, Aearo, ”, Morgan Stanley, Smith, Nephew, Lauren Silva Laughlin, Streisand Neto Organizations: YORK, Reuters, U.S . Environmental, Purdue Pharma’s, Association of Metropolitan Water Agencies, Bayer, Monsanto, Aearo Technologies, Partners, Honeywell International, Siemens, 3M, Refinitiv, Reuters Graphics, Wolfe Research, Thomson Locations: . Oregon, Republic, Corning

☆ What do we know about the US solider in North Korea?
▼ + stars: | 2023-07-19 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

Seoul, South Korea CNN —For the first time in decades a US soldier is believed to be in North Korean custody. The US Army has identified the soldier who crossed the demarcation line into North Korea on Tuesday as Pvt. The last American known to be held by North Korea was Bruce Byron Lowrance, who, according to North Korean state-run media, crossed from China into North Korea. While in North Korea, he appeared in propaganda films, taught North Korean spies English and spent up to eight hours a day studying the writings of North Korean leaders. He was allowed to leave North Korea in 2004, two years after his wife, a Japanese national who was kidnapped from her home in Japan in 1978, was allowed to leave North Korea under a deal between Pyongyang and Tokyo.

Persons: Travis King, King “, ”, “, Isaac Taylor, King, Bryce Dubee, Donald Trump, Kim Jong Un, Trump, Bruce Byron Lowrance, Lowrance, Otto Warmbier, Warmbier, Charles Jenkins, Jenkins Organizations: South Korea CNN —, US Army, Joint Security, Democratic, Korean People’s Army, ” US Forces, 6th Squadron, 1st Cavalry Regiment, 1st Brigade Combat, Armored Division, Joint Security Area, US Navy, Swedish Embassy, Pyongyang, United Nations Command, Central Intelligence Agency, US, North Locations: Seoul, South Korea, North, United States, Korea, Pyongyang, North Korea, Korean, Democratic People’s Republic of Korea, ” US Forces Korea, Fort Bliss , Texas, South, Washington, Busan, Japan, Swedish, China, American, Tokyo

☆ US inflation cooled in June for the 12th straight month
▼ + stars: | 2023-07-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics. The June annual rate is down from 4% in May and landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Starting in March 2022, the central bank rolled out 10 consecutive interest rate hikes to tame inflation, finally hitting pause last month. And June of last year was monumental: Annual inflation soared to 9.1%, the highest in more than 40 years largely because of record-high energy costs. So the Fed and economists have been keyed in on what’s happening with core inflation, particularly core services.

Persons: Olivia Newton, ” William Ferguson, “, Joe Biden, ” Sung Won Sohn, Lael Brainard, ” Brainard, Brainard, ” Julia Pollak, ZipRecruiter, Sohn, ”, —, Nicole Goodkind Organizations: Minneapolis CNN, Bureau of Labor Statistics, CPI, Grinnell College, CNN, Federal Reserve, Loyola Marymount University, SS Economics, Core PCE, National Economic Council, Economic, of New, BLS, Kansas City Fed Locations: Minneapolis, Iowa, of New York

☆ Analysis: Nigeria's Tinubu faces daunting hurdles after reform sprint
▼ + stars: | 2023-06-27 | by ( Macdonald Dzirutwe | ) www.reuters.com time to read: +6 min

Nigeria today faces record debt, unemployment is worryingly high, and power shortages have contributed to years of anaemic growth. "The path to political power in Nigeria, over time, has always been through these vested interests," said Bismarck Rewane, CEO at Financial Derivatives Company in Lagos. ENTRENCHED NETWORKSTinubu's ambitions to build a $1 trillion economy in eight years could come unstuck in part due to chronic power shortages. Getting the lights on would be a major win, but to do so some say Tinubu must remove grid subsidies and cut red tape. Tinubu suspended the head of the financial and economic crimes agency, but has yet to outline an anti-graft plan.

Persons: Bola Tinubu, Jason Tuvey, Bismarck Rewane, Tinubu, Tunau Taiwo, Nnamdi Obasi, Prince Ojeabulu, Muhammadu Buhari, jihadists, beholden, Joe Bavier, Conor Humphries Organizations: New, Capital Economics, Financial Derivatives Company, International, Rensource Energy, Nigeria Delta, Observers, Thomson Locations: Nigeria, LAGOS, New Nigerian, Lagos

☆ What might get this stock market unstuck
▼ + stars: | 2023-05-13 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

Clearly the market is captive of strong, opposing and somewhat unpredictable currents, as the passengers argue over what might get stocks unstuck, and in which direction. Excluding financial stocks, for instance, the S & P 500 would be up 11% for the year. Here is the equal-weighted S & P 500 vs. the Nasdaq 100 since the end of 2021. The stock market has, coincidentally or not, carved a similar path so far this year as it did to begin 2011. The S & P 500 that year raced higher to print a 7% gain into a February high, then chopped sideways.

☆ Tucker Carlson’s Code of Whiteness
▼ + stars: | 2023-05-03 | by ( A.O. Scott | ) www.nytimes.com time to read: +2 min

At stake is not the life or safety of the anonymous “Antifa kid,” but rather Carlson’s own perception of himself. That phrase, a syntactic echo of “it’s not how white men fight,” establishes the stakes, which are not so much Carlson’s ethical probity as his racial superiority. “The Antifa creep is a human being,” he writes. I should be bothered by it.” The “shoulds” indicate that Carlson isn’t really bothered — is still actually gloating — but is aware that this reaction poses a problem. If he takes pleasure in watching an Antifa creep get pounded, that makes him as bad as the Antifa creep.

☆ Want to Explore Your Childhood? Start With a Floor Plan.
▼ + stars: | 2023-04-25 | by ( Phoebe Chen | ) www.nytimes.com time to read: +3 min

Like most other gated suburbs in medium-density Chinese cities, ours was a cluster of nondescript buildings, countless lives piled to the skies. If Vermeer conjured a corner of my childhood bedroom on canvas and asked me to finish the rest, I’d have a hard time. Only floor plans have given my memories of movement a tangible form, a shape for the routine motions that made up my days. I walked through the front door and into the living room. A floor plan is the only way I’ll retain anything of that route to the window.

LONDON, April 19 (Reuters) - If a mega Western recession is coming down the pike in the second half of this year, someone should point it out to the junk bond market. The investment herd seems more convinced than ever that recession is on the way amid tightening bank credit after the March bank stress - even if not all the incoming evidence supports that take. More than a third now see the biggest risk ahead as a bank credit crunch and global recession. And that's with junk spreads more than three times higher than quality corporates. U.S. and European junk bond spreads historicallyBank of America survey on investment grade bonds vs junkCOURAGE AND DECOMPRESSIONThere's little doubt than many investors want to steer well clear, for now at least.

☆ Tesla's biggest Chinese rival showed off a supercar that can balance on 3 wheels, dance, and jump off the ground
▼ + stars: | 2023-04-11 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Chinese electric-car maker BYD posted a video of its upcoming Yangwang U9 supercar. The luxury vehicle will be able to bounce and jump off the ground. Chinese Tesla rival BYD showed the world just that on Monday. In a video from a BYD event posted to Twitter, its upcoming Yangwang U9 can be seen dancing and bobbing side to side as it slowly drives across the stage. It looks a lot like a feature in some Mercedes SUVs that makes the vehicle bounce vigorously up and down.

☆ How to get over writer's block, unlock your creativity, and brainstorm great ideas
▼ + stars: | 2023-03-22 | by ( Cindy Perman | ) www.cnbc.com time to read: +10 min

Whether you're trying your hand at a screenplay like Charlie or brainstorming ideas for an upcoming meeting, there are a few things you can do to unlock your creativity and get the ideas flowing. Sometimes, connecting with someone else is the catalyst that unlocks our own creativity and gets the ideas flowing. "However, I find that once I just start, it creates momentum, because then I have something to work with, and the ideas start to flow and with progress comes confidence!" In her book "Bird by Bird," on the art of writing, Lamott describes the SFD this way: All good writers write them. A former colleague and I used to joke that our ideas were so good, it was bigger than a brainstorm.

Like many other banks, SVB ploughed billions into US government bonds during the era of near-zero interest rates. What seemed like a safe bet quickly came unstuck, as the Federal Reserve hiked interest rates aggressively to tame inflation. When interest rates rise, bond prices fall, so the jump in rates eroded the value of SVB’s bond portfolio. The bank’s stock plummeted 60% Thursday and dragged other bank shares down with it. By Friday morning, trading in SVB shares was halted and it had abandoned efforts to raise capital or find a buyer.

☆ Why Silicon Valley Bank collapsed and what it could mean
▼ + stars: | 2023-03-13 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

London CNN —Silicon Valley Bank collapsed with astounding speed on Friday. A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank headquarters on March 10, 2023 in Santa Clara, California, United States. Established in 1983, Silicon Valley Bank was, just before collapsing, America’s 16th largest commercial bank. Like many other banks, SVB ploughed billions into US government bonds during the era of near-zero interest rates. By Friday morning, trading in SVB shares was halted and it had abandoned efforts to raise capital or find a buyer.

☆ Job search stalled? Here are the resume, interview and networking tips you need to get back on track
▼ + stars: | 2023-03-09 | by ( Cindy Perman | ) www.cnbc.com time to read: +5 min

Or have you embarked on a new job search full of optimism only to have it stall out? Are you unable to start your job search? If you're having trouble achieving liftoff, getting your job search started, Fisher recommends asking yourself a few questions:What are you avoiding? "But we don't really walk ourselves through that so we're like, 'Agh! "A successful job search is all about navigating your way to the intersection of what you want and where you have the best odds of landing a position," Ng said.

☆ Three Years Into Covid, We Still Don’t Know How to Talk About It
▼ + stars: | 2023-02-22 | by ( Jon Mooallem | Photographs Ashley Gilbertson | ) www.nytimes.com time to read: +53 min

It will play out and reverberate for years or decades, Hagen told me. “The pathological normal,” Hagen calls it: a patchwork of homespun, bespoke realities, each one invested in a different story about what exactly happened when Covid ruptured the story of our lives. garb.”More than once, life seemed to be attaining “an uncanny resemblance to normal life,” as one man put it. But because we don’t totally understand where that experience has delivered us, we don’t know the right gloss to give it. “The days are strange,” one public-school teacher told Milstein toward the end of his first interview, in May 2020.

☆ Quiet quit, rage quit, or find a new job? Here's how to decide.
▼ + stars: | 2023-01-02 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

Quiet quitting can mean doing your job without caring much about it. Rage quitting involves leaving suddenly after frustrations have built up. "Quitting" has taken on many new (and confusing, if you're over 30 like I am) connotations, including quiet quitting, rage quitting, and good old-fashioned leaving to pursue another opportunity. Below you'll find the case for quiet quitting, rage quitting, and finding a new job. Consider rage quitting if … your job is hurting your mental healthIt's considered professional to give your employer at least some notice before you leave.

☆ 5 books to help you be smarter and more successful at work from Warren Buffett, Bill Gates, and more
▼ + stars: | 2022-12-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Finding the time, or motivation, to read a 300-plus page book after an exhausting workday is no easy feat. "There is so much valuable knowledge you can learn from books and put into practice in your own life …. Many of the world's most successful business leaders, from Bill Gates to Warren Buffett, are proud bibliophiles, citing reading as an important habit for sparking creativity and broadening your understanding of the world. Gates said that Gallwey's insights "subtly affected" how he showed up to work throughout his career at Microsoft. This "is an outstanding book about CEOs who excelled at capital allocation," Buffett wrote in his 2012 letter to shareholders.

☆ Buyout barons will court the panicking masses
▼ + stars: | 2022-12-20 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

Since they’ve already scoured traditional funding sources like pension funds and insurers, they’ll make a priority of tapping wealthy individuals in 2023. Even those slower to embrace the trend, like Carlyle (CG.O), are getting about 10% of inflows from individuals. Pension plans and other stalwarts have seen their stocks and bonds slump in value, potentially leaving them overexposed to buyout funds, private credit, real estate and infrastructure. These investors don’t always have the resources or stomach to lock up their money for half a decade or longer. Third-party platforms like Moonfare are proliferating, pooling retail capital into vehicles that buy stakes in buyout funds.

☆ Who will be Wall Street’s un-American idol?
▼ + stars: | 2022-12-16 | by ( John Foley | ) www.reuters.com time to read: +8 min

Europeans have been losing the battle against Wall Street’s cozy club for a decade. Deutsche Bank has done the former. BNP has made smaller steps, buying Bank of America’s prime broking business in 2008, then Deutsche Bank’s in 2019. Even with the best intentions, European banks must contend with their own regulators, which affects their ability to take risk elsewhere. JPMorgan, Bank of America, Citigroup, Morgan Stanley and Goldman Sachs together took the top five slots for debt capital markets and merger advisory, as they also did in 2021.

☆ 17-year-old 'Shark Tank' contestant made slime in his garage, sold it to his friends, brought in $1 million in just 3 years
▼ + stars: | 2022-12-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Since 2020, Mark Lin has brought in at least $1.2 million selling food-scented slime from his garage in Burbank, California. Lin's company Sliimeyhoney was profitable almost from its inception, despite being run by a high school student at the time. Lin made the slime himself, hired 11 friends to help package and ship it, and sold $50,000 worth of product in his first year, he said on the show. Wonderful," said he'd invest $150,000 for 30% of the company if Lin could create a "Wonder Slime" flavor for his followers. John suggested that Lin stick with $150,000, because Sliimeyhoney already had a healthy cash flow.

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