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☆ Reaction to China relaxing COVID restrictions in major policy shift
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +6 min

REDMOND WONG, GREATER CHINA MARKET STRATEGIST, SAXO MARKETS, HONG KONG"The 10 new measures are underwhelming, given the high expectations. GARY NG, ECONOMIST, NATIXIS, HONG KONG"The latest announcements show China is determined to speed up its reopening due to economic pressure. It is likely to see upswings cyclically in business sentiment from suppressed demand, especially in sectors heavily affected by the covid restrictions. "The next checkpoint will be Chinese New Year; I think markets are looking for further relaxation to facilitate return to their hometowns by Chinese New Year." SAKTIANDI SUPAAT, REGIONAL HEAD OF FX RESEARCH & STRATEGY, MAYBANK, SINGAPORE"I think markets have, in some ways, priced in that element (of further easing).

☆ Tax-trimming strategies tailored for the ETF investor
▼ + stars: | 2022-12-07 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +3 min

For ETF investors bearing the brunt of a down market in 2022, tax-loss harvesting might offer a silver-lining opportunity to redeem some of this year's setbacks. The strategy allows investors to sell securities at a loss in order to offset those losses against capital gains taxes on other securities. Tierney, senior portfolio strategist at Schwab Asset Management Solutions, told Bob Pisani on CNBC's "ETF Edge" on Monday. "You have this opportunity before the end of the year to sell that fund, realize the loss, [and] stay invested by buying an aggregate bond ETF," he said. Tierney said he is also perceiving levels of increased interest in the strategy among ETF investors, pointing to telltale signs among advisors and clients at Schwab.

☆ Reaction to China loosening COVID restrictions
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +4 min

Here's what people are saying about the latest moves to ease China's COVID curbs;FRANK BENZIMRA, HEAD OF ASIA EQUITY STRATEGY, SOCIETE GENERALE, HONG KONG"MSCI China has rebounded nicely, valuations have risen and can very gradually normalise. "The next checkpoint will be Chinese New Year; I think markets are looking for further relaxation to facilitate return to their hometowns by Chinese New Year." MITUL KOTECHA, HEAD OF EMERGING MARKETS STRATEGY, TD SECURITIES, SINGAPORE"These are significant steps, and the reality is the current policy had become very difficult to administer given how widespread COVID is in the country. SAKTIANDI SUPAAT, REGIONAL HEAD OF FX RESEARCH & STRATEGY, MAYBANK, SINGAPORE"I think markets have, in some ways, priced in that element (of further easing). I mean, it's better for China to deregulate its COVID restrictions but even if it's a booster for the Chinese economy and commodity prices, that will work negatively for a Fed pause because it tightens monetary conditions."

☆ China's trade shrinks sharply as feeble demand, domestic COVID woes take toll
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +4 min

"Of much greater consequence will be the downturn in global demand for Chinese goods due to the reversal in pandemic-era demand and the coming global recession." Inbound shipments were down sharply by 10.6% from a 0.7% drop in October, weaker than a forecast 6.0% decline. But analysts remain sceptical the steps could achieve quick results, as Beijing has not announced a full reopening from COVID containment yet. China's economy grew just 3% in the first three quarters of this year, well below the annual target of around 5.5%. "As global demand weakens in 2023, China will have to rely more on domestic demand," he said.

Bankman-Fried could face a host of potential charges – civil and criminal – as well as private lawsuits from millions of FTX creditors, legal experts told CNBC. There are three different, possibly simultaneous legal threats that Bankman-Fried faces in the United States alone, Levin told CNBC. He told CNBC, "prosecutors would have to prove beyond a reasonable doubt that Bankman-Fried or his associates committed criminal fraud." (Carter was not an FTX investor, and told CNBC that his fund passed on early FTX rounds.) "People should not jump to the conclusion that something is not happening just because it has not been publicly disclosed," Levin told CNBC.

☆ Inside the stunning unraveling of Bright Health, a health-insurance upstart that rocketed to an $11.2 billion valuation and then cratered as it grew too fast
▼ + stars: | 2022-12-05 | by ( ) www.businessinsider.com time to read: +11 min

Bright Health Group grew fast. "We're just starting to realize the full potential of our differentiated model, and we're excited about the future of Bright Health Group," Bright CEO G. Mike Mikan told analysts at that investor event. Bright Health is one of a handful of upstarts trying to take on the health-insurance industry. Clover Health; Bright Health; Oscar Health; Olivia Reaney/Business InsiderBreaking into the health-insurance industry is tough. Bright moves to cut expensesAs losses mounted in 2021, Bright scrambled to raise capital.

☆ France reaches World Cup quarterfinals with 3-1 victory over Poland as Kylian Mbappé breaks Pelé’s record
▼ + stars: | 2022-12-04 | by ( Matias Grez | ) edition.cnn.com time to read: +30 min

CNN —France was made to work hard for its place in the World Cup quarterfinals, overcoming an improved Poland side 3-1 thanks to goals from Olivier Giroud and Kylian Mbappé. That is Mbappé’s fifth goal of Qatar 2022 and already his ninth World Cup goal overall, breaking Pelé’s record of seven World Cup goals scored before the age of 24. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Issei Kato/Reuters Kylian Mbappé scores his second goal on November 26, leading France to a 2-1 victory over Denmark. Mbappé was one of the leading stars of the team's World Cup triumph four years ago.

☆ Cramer talks about some hot industrial stocks, and how we're playing Wall Street's pivot from tech
▼ + stars: | 2022-12-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

The Dow Jones Industrial Average has done so much better than the average semiconductor company, or even the above-average enterprise software company that it's insane that we even focus on some of the latter. The 600 companies formed in the last two years rent too much of your brain space even in passing. What enterprise software company can say that? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Candles and flowers at a makeshift memorial honoring four slain University of Idaho students outside the Mad Greek restaurant in downtown Moscow, Idaho, on Nov. 15. Now, the homicide in Moscow, Idaho, of the four University of Idaho students — friends Madison Mogen, 21; Kaylee Goncalves, 21; and Xana Kernodle, 20; and Kernodle's boyfriend, Ethan Chapin, 20 — has become a fresh mystery for internet sleuths to speculate over. Officers investigate a homicide at an apartment complex south of the University of Idaho campus. Four people were found dead at a residence near the University of Idaho, police in the city of Moscow said. Jeremy Reagan, a University of Idaho law student who lives near the crime scene in Moscow, is all too familiar with being wrongly named.

☆ Early research suggests promising use of AI to predict risk of heart attack or stroke using a single chest X-ray
▼ + stars: | 2022-11-29 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +5 min

CNN —Early research suggests a promising use of artificial intelligence to predict the 10-year risk of death from a heart attack or stroke from a single chest X-ray. The AI model uses the same risk thresholds as the established risk calculator, and early findings suggest that it works just as well. Sometimes, the AI findings align with a traditional radiology reading, but other times, it picks up on things that may have been missed, he said. He was not involved in the new AI research but says it’s important to keep the field moving forward. “The risk calculator is one part of risk assessment, but it’s not the only part.

☆ USMNT advances to World Cup knockout stage with hard-fought victory over Iran
▼ + stars: | 2022-11-29 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —The US Men’s National Team (USMNT) was made to work hard for its place in the World Cup knockout stage, earning a tough 1-0 win over Iran in a nerve-racking Group B decider at Qatar 2022. Christian Pulisic’s first-half goal was all that separated the two sides as the USMNT reached the round of 16 for the first time since 2014. It certainly wasn’t pretty at times, in particular in the closing stages against Iran, but progressing through the group stage was the minimum expectation for this exciting young team. There will be some concerns going into the knockout stages, though, after Pulisic suffered an abdominal injury while scoring the winner. The USMNT had to battled hard for its place in the round of 16.

☆ China's government didn't take the Covid protests in a negative way, economist says
▼ + stars: | 2022-11-29 | 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 EmailChina's government didn't take the Covid protests in a negative way, economist saysZhiwei Zhang of Pinpoint Asset Management discusses recent protests against China's zero-Covid policy and how the government might handle them.

☆ The small but mighty love for ‘Willow’ that led to a shiny new series
▼ + stars: | 2022-11-29 | by ( Dan Heching | ) edition.cnn.com time to read: +7 min

It’s a refreshing turn against recent trends that a cult classic without the sizable built-in fanbase of, say, a “Star Wars” or Marvel property would receive the fancy reboot treatment. “You could be walking around a convention floor, and in a sea of Harley Quinns, you’ll spot a Willow,” Delaney observed. High hopesThe arrival of the new 8-episode series comes with high hopes from the small but mighty fanbase. Bob Dolman, who wrote the screenplay for the original film, also acted as supervising producer on the first episode. Kilmer’s ex-wife Joanne Whalley, who he met on the original film, will be back in the series as warrior Sorsha.

☆ Experts explain why a Russian oil price cap might fall flat and instead give Putin's biggest crude customers a boost.
▼ + stars: | 2022-11-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

That day marks the beginning of a price cap on Russian oil, as well as a new European Union ban on seaborne Russian crude imports. "What it suggests is that Russian buyers are able to negotiate very favorable terms from Russian oil companies, who have to sell in order to maintain operations," Brew said. Because of that, it's possible that the West's price cap plan will end up falling flat, with the most noticeable result being customers in Asia bidding lower prices for Russian oil. But there's no guarantee European companies even want to handle any Russian oil at all. Nonetheless, oil markets are unlikely to react dramatically to the price cap, in Gallarati's view.

☆ Laid off from your tech job? Here's what you need to do to boost your chance of getting hired
▼ + stars: | 2022-11-22 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +7 min

Pooja Chhabria Career expert, LinkedInThis makes for a tight labor market that is "flooded with unemployed professionals and qualified candidates," she added. Time is of the essenceThe good news is that there are still tech opportunities available in "countless industries," said Salemi. Vicki Salemi Career expert, Monster.comWhile there are jobs available, experts told CNBC Make It that time is of the essence. Other than highlighting tech skills in your resume, soft skills like time management and customer service are crucial too. Be sure to engage and check in on your professional community on a regular basis to pave the way for mentorship opportunities, career advice and potential job opportunities.

☆ Financial markets not showing too much stress, even as the crypto complex gets dismantled
▼ + stars: | 2022-11-17 | by ( Michael Santoli | ) www.cnbc.com time to read: +4 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. But the point is, stocks have not been oblivious to slowdown risk to this point. Part of this is because energy firms are nicely profitable even at $75-$85 crude and are the rare group showing earnings growth. So far, the financial markets have not shown particular stress over the crypto unwind. Almost no movement in VIX, with modest index moves, expiration often pinning indexes in a narrow band and holiday-slowed trading ahead next week.

☆ Balance these 6 things to reverse burnout at work, says social psychologist and author of 'The Burnout Challenge'
▼ + stars: | 2022-11-14 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

Do you struggle to pinpoint why you're burnt out at work? It may actually be a mismatch of the two, according to Christina Maslach, a social psychologist, retired professor of psychology at U.C. Berkeley and author of "The Burnout Challenge: Managing People's Relationships with Their Jobs." "You really have to look at the relationship with the job, and that means looking at both the job and the person. It's not like one or the other," Maslach tells CNBC Make It.

The vintage aircraft in Saturday's deadly collision at a Dallas air show, as expected, lacked flight data recorders, making social media crucial to the investigation, a federal official indicated Sunday. "Neither aircraft was equipped with a flight data recorder or a cockpit data recorder," National Transportation Safety Board member Michael Graham said during a news conference Sunday. Photos and videos of the Wings Over Dallas Airshow collision, which killed all six on board the aircraft, could be “very critical, since we don't have any flight data recorders," he said. LM Otero / APStill, even under the NTSB's wish list for improved crash data, such vintage aircraft were not singled out. A cockpit voice recorder "records the flight crew’s voices, as well as other sounds inside the cockpit," the NTSB website says.

☆ Biden's student-loan forgiveness is at risk. It may have helped stop a 'red tsunami' as Gen Z flocked to the polls to save their relief.
▼ + stars: | 2022-11-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Student-loan forgiveness was a major policy that had support from the majority of young voters. While it's difficult to pinpoint what exactly may have caused this shift, opinions of young voters should be taken into consideration. Major issues like reproductive rights, climate change, and student-loan forgiveness likely helped with that turnout. Student-loan forgiveness is currently paused due to a ruling from the 8th Circuit Court of Appeals, in response to a lawsuit filed by six Republican-led states seeking to halt the debt relief. "The youth agenda is taking center stage in the Democratic party"Support for student-loan forgiveness is higher among young voters than the general public.

Ramon Abbas, known to his millions of Instagram followers as Ray Hushpuppi, pleaded guilty in April last year to conspiracy to engage in money laundering. On social media, where Abbas had posted videos of himself tossing wads of cash like confetti, he referred to himself as a real estate developer. His social media account was a treasure trove of information for investigatorsFederal investigators have described Abbas as a prolific money launderer who leveraged his social media platform to gain notoriety and brag about his wealth. In a 2020 affidavit, federal officials detailed how his social media accounts provided details needed to confirm his identity. Even Abbas’ Instagram birthday party photos helped the investigation.

☆ ‘Flaming basketball’ that fell from the sky may have been a meteor that destroyed a California home
▼ + stars: | 2022-11-07 | by ( Mirna Alsharif | Mirna Alsharif Is A Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

A possible meteor caught on video that “looks like a flaming basketball” falling from the sky may have been responsible for destroying a Northern California man’s home last week. Authorities are now investigating whether it was possibly a meteor that fell from the sky onto Porcita's home. "I can say that during the incident many people approached the fire department to say they saw a potential meteor fall in that area. The debris "hits the Earth’s atmosphere at 65,000 mph and burns up" creating what the agency calls the Taurid meteor shower. When shown a video of the possible meteorite that had fallen in the area, Porcita said it looked like a "flaming basketball."

☆ Putin ally Prigozhin says he has interfered in U.S. elections
▼ + stars: | 2022-11-07 | by ( ) www.nbcnews.com time to read: +1 min

Russian businessman Yevgeny Prigozhin said on Monday he had interfered in U.S. elections and would continue doing so in future, the first such admission from a figure who has been formally implicated by Washington in efforts to influence American politics. In comments posted by the press service of his Concord catering firm on Russia’s Facebook equivalent VKontakte, Prigozhin said: “We have interfered (in U.S. elections), we are interfering and we will continue to interfere. “During our pinpoint operations, we will remove both kidneys and the liver at once,” Prigozhin said. In September he admitted to founding the Kremlin-aligned Wagner Group mercenary group, which is active in Syria, Africa and Ukraine. Last Friday it opened a defense technology center in St Petersburg, a further step by Prigozhin to highlight his military credentials.

☆ Putin ally admits Russia interfered in US elections, says it's working 'surgically' to disrupt the midterms
▼ + stars: | 2022-11-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Yevgeny Prigozhin, an ally of Russia's Vladimir Putin, admitted to interfering in past US elections. "We have interfered, we are interfering and we will continue to interfere," he said on social media. Russia has long denied US accusations that it meddles in its elections. On Saturday, The New York Times reported that Russia was attempting to interfere in Tuesday's US midterm elections. Russia has long denied accusations that it interfered in US elections.

☆ Russia's Prigozhin admits interfering in U.S. elections
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +2 min

In comments posted by the press service of his Concord catering firm on Russia's Facebook equivalent VKontakte, Prigozhin said: "We have interfered (in U.S. elections), we are interfering and we will continue to interfere. The remark was posted on the eve of the U.S. midterm elections in response to a request for comment from a Russian news site. Prigozhin kept a low public profile until recently but has become more outspoken in the course of the Ukraine war, including by criticising the performance of Russia's generals. In September he admitted to founding the Kremlin-aligned Wagner Group mercenary group, which is active in Syria, Africa and Ukraine. Last Friday it opened a defence technology centre in St Petersburg, a further step by Prigozhin to highlight his military credentials.

☆ China’s exports shrink unexpectedly as global slowdown jolts demand
▼ + stars: | 2022-11-07 | by ( ) edition.cnn.com time to read: +3 min

China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as surging inflation and rising interest rates hammered global demand while new COVID-19 curbs at home disrupted output and consumption. The bleak October trade figures highlight the challenge for policymakers in China as exports had been one of the few bright spots for the struggling economy . Tepid domestic demand, weighed down by fresh COVID curbs and lockdowns in October as well as the cooling property market, hurt imports too. China’s imports of soybeans fell and coal imports slipped, as the strict pandemic measures and a property slump disrupted domestic output. The overall trade figures resulted in a slightly wider trade surplus of $85.15 billion, compared with $84.74 billion in September, missing a forecast of $95.95 billion.

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