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☆ New Massachusetts bill would give companies with 4-day workweeks tax incentives
▼ + stars: | 2023-04-16 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

A new Massachusetts bill would provide financial incentives for companies with a four-day workweek. The bill would give tax credits to businesses shifting workers to a shorter week with the same pay. A UK study last year found a four-day workweek decreased stress and anxiety for nearly 3,000 workers. They also said tax credits would vary from business to business to optimize the benefits of credits, Boston.com reported. A similar bill was pulled from consideration in Maryland in March after the bill's sponsor said companies told him assistance from the government on implementing the new schedule would be more helpful than tax credits, according to WYPR.

☆ More than 200 companies have applied for CHIPS Act funding, Commerce Secretary Raimondo tells Cramer
▼ + stars: | 2023-04-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

More than 200 companies from myriad sectors have applied for CHIPS Act funding, Commerce Secretary Gina Raimondo told CNBC's Jim Cramer on Friday, as part of what Raimondo called a mandate to invest "$50 billion in America's national security." The recipient companies are varied, but Raimondo told Cramer that some of the funds will be routed to "packaging companies, leading edge companies" within the U.S. "It has to be spent in America," the Commerce secretary told Cramer. "If you take our money, you can't expand in China for leading-edge" chips, Raimondo said. More than half of the applications cover the first tranche of CHIPS Act funding, which include mature-node and leading-edge chip facilities.

☆ A flurry of news outside the portfolio has implications for 3 of our stocks
▼ + stars: | 2023-04-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Here are three noteworthy news developments over the past two days, which contain useful insights about our stocks. For the full year 2023, Novo now expects sales growth in the range of 24% and 30%, compared to prior estimates of 13% to 19%. In addition, operating profit growth is expected to be in the range of 28% and 34%, up from a prior range of 13% to 19%. 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.

☆ People Can't Get Ozempic, New Weight-Loss Drugs Because of Broken Healthcare System
▼ + stars: | 2023-04-13 | by ( ) www.businessinsider.com time to read: +15 min

Wegovy is just one of a wave of revolutionary weight-loss drugs, which also includes the buzzy Ozempic, that represents a watershed moment for obesity treatment. Demand for weight-loss drugs is surgingDoctors and healthcare professionals searched for a healthy, safe, and effective weight-loss solution for years before the drugs, known collectively as GLP-1 agonists, exploded on the scene. If there is one key that could unlock access to expensive weight-loss drugs for Americans, it's Medicare. Expanding coverage for Ozempic and other weight-loss drugs for just a small segment of the population could cost Medicare up to $26.8 billion a year. Patients lose outYears from now, patients may have an easier time getting their hands on weight-loss drugs.

☆ ‘The Last Thing He Told Me’ Review: Jennifer Garner in a Fragmented Family Mystery
▼ + stars: | 2023-04-12 | by ( John Anderson | ) www.wsj.com time to read: 1 min

An adrenaline-fueled thrill ride it is not, but “The Last Thing He Told Me” does star Jennifer Garner , an actress of sufficient sweetness to make the character she’s playing—a woman completely in the dark about who her husband is—less far-fetched than it has been in myriad other dramatic series about wives betrayed and secrets revealed. What a viewer will notice early on is that this is a mystery of many words, but not the very few that might have passed between characters, solved the big questions, and made this into perhaps a two-hour movie rather than a seven-part series.

☆ Donald Trump: Michael Cohen has ruined my reputation
▼ + stars: | 2023-04-12 | by ( Natalie Musumeci | Madison Hall | ) www.businessinsider.com time to read: +1 min

Former President Donald Trump on Wednesday filed a more than $500 million lawsuit in federal court against Michael Cohen, accusing his ex-lawyer-turned-nemesis of ruining his reputation by repeatedly "spreading falsehoods." In the suit, Trump, through his lawyers, alleges that his former fixer Cohen breached his attorney-client relationship and profited off trashing the ex-president. Cohen, who has become one of Trump's harshest critics, "appears to have become emboldened and repeatedly continues to make wrongful and false statements about" Trump, the suit alleges. The lawsuit comes on the heels of Trump's historic indictment by a Manhattan grand jury on 34 felony counts of falsifying business records. Cohen did not immediately respond to a request for comment by Insider on Wednesday.

☆ 3 signals that show a US recession is farther away than most investors think
▼ + stars: | 2023-04-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Recent economic data suggests a US recession is farther away than most investors think. A rebound in gasoline demand and calmness in the bond market are sending bullish signals about the economy. Gasoline demand has reboundedDemand for gasoline in the US turned positive in March, jumping 3.8% year-over-year. The rebound in gasoline demand has been buoyed by a near 20% decline in gasoline prices. The rebound in gasoline demand is a reversal of recent trends, as gasoline demand was consistently tracking below the prior year's levels.

☆ Trump might try these 3 defense strategies, but none are likely to get the Manhattan DA's case dismissed, experts say
▼ + stars: | 2023-04-08 | by ( Sonam Sheth | Oma Seddiq | ) www.businessinsider.com time to read: +6 min

Trump is now expected to challenge the charges on several fronts, and his defense will start from a stronger place than you might assume. But if his lawyers are hoping to get the charges dismissed altogether, they'll likely be disappointed, experts say, and the case is almost certainly headed toward a blockbuster trial. Of the alleged state law violations, Brand said that "these are misdemeanors under New York law, and the only way you get to felonies is by coupling it with another crime." "To the extent that is based on federal law, I don't know that a state can do that," Brand said. But legal experts say that, whatever the flaws in the indictment itself might be, the case will almost certainly go to trial.

☆ Russia is facing stagnating innovation, more dependence on China, and will become a state-led economy as war in Ukraine drags on, economists say
▼ + stars: | 2023-04-08 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +5 min

Experts weighed in on how Russia's war effort is impacting its economy a year after the invasion of Ukraine. The longer the conflict persists the more likely Russia is to depend on China for resources, experts said. Economists says the country will be facing a myriad of obstacles, including a slowdown of productivity and diminished innovation. A more state-led economyAs sanctions weigh on its economy, Russia has been undergoing a structural transformation to become self-sufficient. Nichols added: "I firmly believe that someday Russia will be a productive member of the global community and global economy.

☆ These stocks have the most upside in the second-quarter, analysts say
▼ + stars: | 2023-04-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through the most recent quarterly research reports to find stocks with upside as the new quarter gets underway. They include: Simon Property, Spotify , Netflix , Enphase and Palo Alto Networks. Palo Alto Networks The cybersecurity company is firing on all cylinders, RBC said earlier this week in its top second-quarter picks note to clients. Hedberg believes Palo Alto has a unique opportunity to take share in a rapidly burgeoning field. ... .We view Palo Alto as well positioned to benefit from an increasingly complex security and threat landscape and as an industry leader in security."

☆ ChatGPT can't answer basic questions about markets and investing and it'll be a long time before its a useful tool for investors, DataTrek says
▼ + stars: | 2023-04-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

ChatGPT's market and investing knowledge is spotty, and the bot isn't a good tool for investors yet, DataTrek said. The firm asked the chatbot seven questions related to markets, and some of its answers were vague or incorrect. In a note on Friday, the research firm tested the capabilities of the trendy AI tool, asking it seven questions related to markets and investing. The chatbot refused to answer four questions, and it incorrectly or vaguely answered two other questions, the firm said. "Generative AI has a long way to go before proving useful in the financial services industry or as a tool for individual investors.

How to earn American Airlines milesThere are myriad means of earning American Airlines AAdvantage miles. American Airlines AAdvantage® MileUp®While not as lucrative as some of the other available American Airlines credit cards, at least the American Airlines AAdvantage® MileUp® doesn't charge an annual fee. Earn miles flying American Airlines and boost your earning with elite statusAside from using co-branded credit cards, one of the best ways to earn American Airlines miles is to actually fly the airline and its partners. Earn miles flying American Airlines' partnersYou can also earn American Airlines miles on over a dozen airline partners. The best ways to redeem American Airlines milesAs with earning American Airlines miles, there are plenty of ways to use AAdvantage miles when the time comes.

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☆ Resurgent Koepka enjoying life in the fast lane at Masters
▼ + stars: | 2023-04-07 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

First time didn't go, so figured try it again," said Koepka. Now Koepka, who also missed the 2021 Masters cut when he played three weeks after ligament surgery on his right knee, enters the weekend looking to restore his identity as major-championship specialist. "I mean, I've got a completely different knee, so the normal is a little bit different. Koepka also admitted that his decision to join LIV Golf would have been tougher if he was in full health and playing as well as he currently is but added that he was "happy with the decision" he made. Reporting by Frank Pingue in Augusta, Georgia, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Here's why the world's biggest publicly traded hedge fund is cautious on stocks right now
▼ + stars: | 2023-04-07 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Man Group's Mark Jones says he's cautious on the stock market right now. Stocks are facing deteriorating fundamentals, the Deputy CEO said on a recent podcast. "I think the risk-reward in equities is very, very tough at the moment," he said. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The first reason to be cautious is stock fundamentals will likely deteriorate, Jones says, adding there's potential for further cuts in company earnings expectations.

☆ Even Putin's media stooges are mocking Trump's arrest, joking that he may have to seek asylum in Russia
▼ + stars: | 2023-04-06 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Russian state media personalities took jabs at Trump following his Tuesday arrest and arraignment. In one broadcast, AI images of Trump wearing orange jumpsuits appeared to dance to "Jailhouse Rock." Top editors give you the stories you want — delivered right to your inbox each weekday. The Russian state media response to Trump's indictment was first reported on by The Daily Beast and columnist Julia Davis, who created the Russian Media Monitor to combat Russian propaganda. Co-host Olga Skabeeva gleefully acknowledged in Russian that "Trump may change into an orange prison suit," adding: "We're getting lots of popcorn and waiting."

☆ Italian drugs cartels conceal payments via Chinese shadow banks
▼ + stars: | 2023-04-06 | by ( Emilio Parodi | ) www.reuters.com time to read: +10 min

[1/3] Seized drugs are seen following an investigation on drugs cartels operating in Italy increasingly using shadow networks of unlicensed Chinese money brokers to launder their proceeds in this handout photo obtained by Reuters on April 4, 2023. Carabinieri/Handout via REUTERSMILAN, April 6 (Reuters) - Drugs cartels operating in Italy are increasingly using shadow networks of unlicensed Chinese money brokers to conceal cross-border payments, according to Italian judicial and law enforcement authorities. U.S. authorities have said Chinese “money brokers” represent one of the most worrisome new threats in their war on drugs, as a Reuters investigation in 2020 found. Chinese authorities have previously vowed to crackdown on underground banking. One of the first probes to come to light involving use of Chinese money brokers by Italian mobsters was linked to the Calabrian ‘Ndrangheta group, one of the largest crime gangs in the world.

☆ Creator startup Pico has rebranded as Hype and closed $10M in Series A funding. Here's the 13-page pitch deck cofounder Nick Chen used to attract investors.
▼ + stars: | 2023-04-05 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +2 min

Cofounder Nick Chen said VCs told him to make the first few pitch deck slides very objective. Here's the exact 13-page pitch deck he created to attract investors like Bloomberg Beta. Creator startup Hype, formerly known as Pico, closed a $10 million Series A funding round led by King River Capital, the company announced on Wednesday. "I stayed in touch with Megan [Guy] from King River Capital for about a year, meeting up whenever she was in New York. Here's the exact 13-page pitch deck that Hype used to raise funds from investors that include Bullpen Capital, Precursor Ventures, Bloomberg Beta, Tapestry VC, and Sterling Road:

☆ Tech ripped higher to start the year. Here's how the pros are trading the sector in the new quarter
▼ + stars: | 2023-04-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +10 min

After the worst year for tech since 2008 , many investors questioned whether the market could move higher in the new year without the sector's cooperation. Names such as Apple , Microsoft and Amazon gained about 27%, 20% and 23% in the first quarter, respectively, as yields pushed lower. Amid this backdrop, Alphabet shares gained 17.6% in the first quarter as the company launched it's Bard chatbot rival. Not all investors view big tech so optimistically heading into the new quarter. Much of the surge in tech stocks stems from the oversold conditions created during 2022's carnage, positioning many of these stocks for a bounce, Meeks said.

☆ This chip stock offers 'best-in-class' free cash flow returns and nearly 30% upside, Bank of America says
▼ + stars: | 2023-04-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Analog Devices ' "best-in-class" free cash flow returns and exposure to a myriad of growth opportunities situate the chip stock for nearly 30% upside in the months ahead, according to Bank of America. "We value ADI at the higher end of peer comps due to ADI's growth potential and free cash flow generation." According to Arya, Analog Devices offers an intriguing combination of offensive and defensive attributes. ADI YTD mountain Shares of Analog Devices in 2023 Arya added that Analog Devices' valuation is also compelling. The stock's 2023 and 2024 enterprise value-to-free cash flow multiples are "about 2x turns below SPX industrial peers," he said.

☆ House Republicans vow to avenge Trump indictment by going after 'spineless weasel' Alvin Bragg and President Joe Biden
▼ + stars: | 2023-04-04 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

Former President Donald Trump was charged with 34 felony counts Tuesday in Manhattan. House Republicans incensed by the arraignment began spitballing ways to fight back. "This day cannot be forgotten," Rep. Andy Biggs of Arizona wrote online in a post bemoaning the "unequivocal persecution of Donald Trump." Meanwhile, House GOP Conference chair Rep. Elise Stefanik predicted that all those seeking to politically harm Trump with this trial had actually sealed their own fates. "President Trump will defeat this latest witch-hunt, defeat Joe Biden, and will be sworn in as President of the United States of America in January 2025," she said in a press release.

☆ 9 Middle Eastern funds and investors pouring money into US media, sports, and entertainment
▼ + stars: | 2023-04-03 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +9 min

Governments and investors in the Middle East are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

☆ 'Dr. Doom' economist Nouriel Roubini says the 'crypto apocalypse is coming' as SEC chair Gensler asks for more funding to catch bad actors
▼ + stars: | 2023-03-30 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Nouriel Roubini says a "crypto apocalypse is coming," rooting for the downfall of the industry again on Thursday. Roubini cited a report that the SEC chief wants more funding to stop bad actors. The famed economist cited recent reports that US Securities and Exchange Commission chairman, Gary Gensler, is seeking more funding to police misconduct in the space. "Finally the SEC will have the [funding] to go after all the other crypto - and other - crooks," he wrote. Gensler added: "As the cop on the beat, we must be able to meet the match of bad actors.

☆ Why cloud-based browser management is the missing piece of your business' IT strategy
▼ + stars: | 2023-03-30 | by ( Sponsor Post | Created Insider Studios With Google Chrome Enterprise | ) www.businessinsider.com time to read: +6 min

Cloud-based browser management, like Google's Chrome Browser Cloud Management, can help effectively manage these variables and offer insights into your organization's browsers across the enterprise and down to the user level. How enterprise browser management worksChrome Browser Cloud Management helps support crucial web-based business processes in different user environments by shoring up security, supporting worker productivity, and enforcing unified policies. Getting Started with Chrome Browser Cloud ManagementWith a unified view across devices and operating systems, Chrome Browser Cloud Management can help IT administrators reduce time spent on browser management. Those who are new to Chrome Browser Cloud Management can start the short and no-charge enrollment process here. See how Chrome Browser Cloud Management can help you manage your enterprise's IT operations.

☆ Asia's 'best restaurants' list is out — and it's no surprise which country made the list 17 times
▼ + stars: | 2023-03-29 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +10 min

William Drew, director of content for Asia's 50 Best Restaurants, said Japan's strong performance is "no surprise." The top 50 restaurants in AsiaThis year commemorates the 10th anniversary of the "Asia's 50 Best Restaurants" list. Asia's top 50 restaurantsThe list of "Asia's 50 Best Restaurants" for 2023 are: 1. Ten restaurants that ranked among Asia's best 50 restaurants last year fell into the 51-100 ranking this year. Asia's 50 Best Restaurants 2023Labyrinth also rose 29 spots to No.11, winning the "Highest Climber" award.

A large part of the discrepancy between my advice and my parents' comes from the recent tectonic shift in the college landscape. In light of these changes, here is the educational advice I am giving to my children. Most of our dreams cost money. In fact, students in 7% of college majors would be better off financially if they had skipped college and gone straight into the workforce. I tell my children that they don't necessarily need college to have a career — but they do need an education and a plan.

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