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☆ Activist investor ValueAct takes stake in Spotify
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +1 min

Feb 10 (Reuters) - ValueAct Capital Management has taken a stake in Spotify Technology SA (SPOT.N), at a time when the audio streaming company is looking to cut costs. "We welcome ValueAct as an investor in Spotify," a spokesperson for the Swedish company said on Friday, without disclosing further details on the investment. ValueAct Chief Executive Mason Morfit disclosed the investment during a presentation at a Columbia University event in New York on Friday, according to Bloomberg News, which first reported the stake. ValueAct, which declined to comment, distinguishes itself from other activist investors by preferring to stay behind the scenes and rarely presents its investment ideas publicly. However, a challenging economic environment set the stage for belt tightening, with Spotify Chief Executive Daniel Ek announcing layoffs and an organizational restructuring in January.

☆ Factbox: Tech firms, Wall Street titans lead job cuts in corporate America
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +8 min

REUTERS/Lucy Nicholson/File PhotoFeb 8 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn. Here are some of the job cuts by major American companies announced in recent weeks. TECHNOLOGY, MEDIA AND TELECOM SECTORIBM Corp (IBM.N):The software and consulting firm said it will lay off 3,900 employees. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. MANUFACTURING SECTOR3M Co (MMM.N):The industrial conglomerate said it would cut 2,500 manufacturing jobs after reporting a lower profit.

☆ Why these absurd red boots are suddenly all over TikTok and Twitter — and listing for as much as $1,000 on StockX
▼ + stars: | 2023-02-08 | by ( Danni Santana | ) www.businessinsider.com time to read: +4 min

MSCHF's oversized big red boots, releasing on February 16, have taken social media by storm. The latest viral release from the company is their "Big Red Boot," which goes on sale February 16 for $350. In a release describing the boots, MSCHF said the boots were made of TPUrubber shell, EVA foam, along with 'Red' and 'Big.' MSCHF calls these shoes "Cartoon boots for a Cool 3D World." Big Red Boots are REALLY not shaped like feet, but they are EXTREMELY shaped like boots."

☆ Three-Stock Lunch: TSN, LMT and NVDA
▼ + stars: | 2023-02-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: TSN, LMT and NVDAEva Ados, ERShares CIO, joins 'Power Lunch' to discuss three stocks trading today: Tyson, Lockheed Martin, and Nvidia.

☆ Chip equipment maker MKS Instruments says it is investigating ransomware attack
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

Feb 6 (Reuters) - MKS Instruments Inc (MKSI.O) said on Monday it was investigating a ransomware attack that occurred last week and affected the semiconductor equipment maker's production-related systems. The company said it was in the early stages of investigating the attack that it identified on Feb. 3, adding that costs related to the incident have not been determined. Ransomware is a form of malicious software deployed by criminals which works by encrypting data, with hackers offering the victim a key in return for payments. MKS said it would temporarily suspend operations at some of its facilities, as part of its containment efforts. Italy's National Cybersecurity Agency warned on Sunday that thousands of computer servers had been targeted by a global ransomware hacking attack targeting VMware (VMW.N) ESXi servers.

☆ Dell to slash about 6,650 jobs as it battles slowing demand
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

Feb 6 (Reuters) - Dell Technologies Inc (DELL.N) will eliminate about 6,650 jobs, or 5% of its global workforce, the company said on Monday, as the PC maker grapples with falling demand and braces for economic uncertainty. "What we know is market conditions continue to erode with an uncertain future," co-Chief Operating Officer Jeff Clarke wrote in a memo to employees. 3D printed clouds and figurines are seen in front of the Dell logo in this illustration taken February 8, 2022. Dell had about 133,000 employees as of Jan. 28, 2022, of which, about one-third were based in the United States. Reporting by Shivani Tanna and Eva Mathews in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ I'm one of 2 honey sommeliers in the US — here's how I ended up tasting this sweet but surprisingly complex substance for a career
▼ + stars: | 2023-02-05 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Marina Marchese is one of two certified honey sommeliers in the US. Marchese said the work often involves tasting honey to identify its botanical sources. My origin storyI came into the world of honey tasting by way of beekeeping. Since then there has been a second, which only underscores the point that there are very few honey sommeliers in the country. Unlike wine sommeliers who swirl their glasses before they taste to release a wine's aromas and compounds, we honey sommeliers smear our glasses.

☆ Tech trillion club's wobble in four charts
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

The tech industry has already laid off thousands of employees in an effort to cut costs as it braces for an impending slowdown. Reuters GraphicsDIGITAL ADVERTISING SLUMPThe parent company of digital advertising giant Google also missed earnings expectations as businesses dialed back spending on fears of a possible recession. "If a dominant ad player like Google can get hit like this, it is now officially a tough ad market," said Rosenblatt Securities analyst Barton Crockett. Reuters GraphicsPOST-EARNINGS STOCK REACTIONShares of the three companies - all of which have market valuations of more than a trillion dollars - were trading between -4.9% and 1.5%. Here is how the stocks have reacted after every quarterly earnings report in 2022:Reuters GraphicsReporting by Akash Sriram, Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

☆ Spanish high court backs man's right to walk naked in the street
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

MADRID, Feb 3 (Reuters) - A Spanish high court has ruled in favour of a man who was fined for walking naked through the streets of a town in the region of Valencia and later tried to attend a court hearing in the nude. The court, however, acknowledged a "legal vacuum" in Spanish law regarding public nudity. [1/2] Alejandro Colomar poses naked in his vegetable garden, as Spanish court has ruled in favour of allowing him to continue walking around his village naked, as he has been doing since 2020, in Aldaia, near Valencia, Spain, February 3, 2023. The Valencia court ruled Colomar had "limited himself to remaining or circulating naked at different times in two different streets of Aldaia," and his behaviour did not imply an "alteration of citizen security, tranquility or public order". Reporting by Charlie Devereux, Eva Mañez, Emma Pinedo and David Latona; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

☆ A travel insider explains how people who hate cruising — can learn to enjoy it
▼ + stars: | 2023-02-02 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +5 min

Travel professional Tammy Cecco named the Celebrity Edge cruise ship, shown here, as one that has spacious suites and great window views. Eva Marie Uzcategui | Bloomberg | Getty ImagesOnce she "relaxed into it," Cecco said, she started to enjoy cruise ship travel. Courtesy of Tammy CeccoCecco, who often travels with her family of five and her mother-in-law, said private tours suit everyone's needs — and interests. Luciano Bullorsky ToursByLocals' President and Co-ownerCecco said she booked a private tour at "pretty much every stop" on their last cruise, plus Rome. The company said private shore tours account for nearly a third of all tours booked in 2023 — up from 12% in 2022 bookings.

☆ T-Mobile misses quarterly revenue estimates as competition bites
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +2 min

Feb 1 (Reuters) - T-Mobile US Inc (TMUS.O) missed fourth-quarter revenue estimates on Wednesday despite adding thousands of wireless subscribers, as competitors ramped up their holiday season handset offers to lure customers. However, Verizon (T.N) and AT&T (T.N) ramped up their handset offers during the holiday season to tap into growing demand after the latest iPhone launch, hitting T-Mobile's torrid growth. By contrast, Verizon reported churn of 0.89% for monthly phone subscribers while AT&T's came in at 0.84%. It expects to add between 5 million and 5.5 million net monthly-bill paying subscribers in 2023, compared with the 6.4 million additions it reported in 2022. Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli and Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ T-Mobile misses quarterly revenue estimates
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

Feb 1 (Reuters) - Wireless carrier T-Mobile US Inc (TMUS.O) posted fourth-quarter revenue below Wall Street estimates on Wednesday, as competition heats up with rivals looking to add subscribers through more attractive promotional offers. The company added thousands of wireless subscribers over the last few years, thanks to hefty discounts on smartphones, industry-low plan prices and an edge in 5G. But a slowdown in wireless growth and bigger promotions by rivals amid rising costs are hurting T-Mobile now. The company said total revenue fell 2.5% to $20.27 billion in the quarter ended December, below Wall Street's estimate of $20.6 billion, according to Refinitiv data. T-Mobile expects to add between 5 million and 5.5 million net monthly-bill paying subscribers in 2023, compared with the 6.4 million additions it reported in 2022.

It's easy to earn United miles without stepping on a plane, and because they don't expire, you can use miles when you're ready to travel. There are six United credit cards to consider if you just want to earn United miles and enjoy some day-of-travel perks to boot. Review: Ink Business Preferred card reviewBilt Mastercard® 4.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.5 out of 5 Stars Intro offer N/A Rewards Earn 3X point on dining. Earn United miles by flying United and its partnersOf course, the other main way to stock up on a lot of United MileagePlus miles is to fly United and its other airline partners. Earn United miles with other travelIn addition to just flights, you can earn United miles by booking stays with United's hotel partners, sailings through United Cruises, and entire trips through United Vacations, as well as partner car rentals.

You can get many thousands of dollars in value from Aeroplan points even if you never step foot on an Air Canada plane. Earn Aeroplan points with credit cards and points transfersThe Aeroplan® Credit Card is the only US credit card that earns Aeroplan points directly. So if you transferred 60,000 Marriott Bonvoy points, you'd end up with 20,000 Aeroplan points, plus a 5,000-point bonus for a total of 25,000 Aeroplan points. Earn Aeroplan points flying Air CanadaThe next easiest way to rack up Aeroplan points is by actually flying Air Canada, but the earning formula is going to change later this year. As far as we know, it will look like this:Basic fares: Earn 2x points per (Canadian) dollarStandard fares: Earn 3x points per (Canadian) dollarFlex/Comfort fares: Earn 3x points per (Canadian) dollarLatitude fares: Earn 3x points per (Canadian) dollarPremium economy fares: Earn 3x points per (Canadian) dollarBusiness fares: Earn 3x points per (Canadian) dollarEssentially, everything but basic economy fares will earn 3x per dollar.

☆ In UK lawsuit, Hollywood star Eva Green says making 'B movie' would ruin career
▼ + stars: | 2023-01-30 | by ( Michael Holden | ) www.reuters.com time to read: +3 min

[1/3] French actress Eva Green arrives at The Rolls Building courthouse in London, Britain, January 30, 2023. 'UNREASONABLE'In its written submissions, White Lantern's lawyers said Green, also an executive producer in the project, had made unreasonable demands about crew, locations and equipment. She also described funders for the movie as "arseholes" and some proposed crew members as "shitty peasants". "I wanted to make the most brilliant film possible," Green told the court, agreeing with White Lantern's lawyer Max Mallin that making a "B movie" could kill her career. I wanted to work with a high-quality crew who just wanted to be paid standard industry rates," Green told the court.

☆ TikTok star Randy Gonzalez of Enkyboys dies at 35
▼ + stars: | 2023-01-27 | by ( Gina Vivinetto | ) www.nbcnews.com time to read: +3 min

“It is with great sadness that we announce the passing of my father , Randy Gonzalez. The statement went on to thank fans for their “kind words and condolences,” and added that a public memorial for Randy Gonzalez would take place at a later date in Houston. Celebrities commented to share their condolences with the Gonzalez family. In April 2020, Randy Gonzalez announced in a video that he had been diagnosed with stage 4 colon cancer six months earlier. Lopez paid tribute to Randy Gonzalez Jan. 26 on Instagram, writing, “My sincerest condolences to Brice and the entire Gonzalez family.

[1/9] Czech presidential candidate Petr Pavel and his wife Eva Pavlova react at his headquarters, after results are announced for the country's presidential election, in Prague, Czech Republic January 28, 2023. Pavel, a 61-year-old retired general running for office for the first time, won 58.3% of the vote with all voting districts reporting final results, defeating billionaire ex-premier Andrej Babis, a dominant but polarising force in Czech politics for a decade. Pavel has also fully backed continued support for Ukraine in its defence against Russia's invasion. Babis, 68, a combative business magnate who heads the biggest opposition party in parliament, had attacked Pavel as the government's candidate. Ukrainian President Volodymyr Zelenskiy congratulated Pavel on his election on Twitter and said he looked forward to close cooperation.

If everyone in the world expertly utilized credit card rewards to travel for free, there wouldn't be such amazing travel opportunities out there. Identify your travel goalsBefore you begin collecting credit card rewards, you should first identify your travel goals. Amex Membership Rewards points Capital One miles Chase Ultimate Rewards points Choice Privileges points Citi ThankYou points Hilton Honors points Hyatt points IHG Rewards points Marriott Bonvoy points Wyndham Rewards pointsYou travel with a large family Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Recommended credit card strategies for beginnersThe best practice for anyone new to credit card rewards is to invest in flexible points. You'll need: An annual fee-incurring Hilton credit card One of the greatest deals in credit card rewards is the free night certificate that comes with select American Express Hilton credit cards.

☆ Everything coming to — and leaving — Netflix next month, from 'You' season 4 to new episodes of 'Outer Banks'
▼ + stars: | 2023-01-27 | by ( ) www.businessinsider.com time to read: +5 min

Netflix just released the list of TV shows and movies that are coming to and leaving the site next month. New seasons of "You" and "Outer Banks" will be added, as will all three "Lord of the Rings" movies. But some titles, including "Scream 4" and "Shutter Island," will be removed in February. NetflixAvailable 2/10/23"10 Days of a Good Man" — Netflix Film"Love is Blind: After the Altar Season 3" — Netflix Series"Love to Hate You" — Netflix Series"Your Place or Mine" — Netflix FilmAvailable 2/13/23"Squared Love All Over Again" — Netflix Film"VINLAND SAGA: Season 2" (new episodes)Available 2/14/23"All the Places" — Netflix Film"A Sunday Affair" — Netflix Film"In Love All Over Again" — Netflix Series"Jim Jefferies: High n' Dry" — Netflix Comedy"Pasión de Gavilanes: Seasons 1-2""Perfect Match" — Netflix Series"Re/Member" — Netflix FilmAvailable 2/15/23"#NoFilter" — Netflix Series"African Queens: Njinga" — Netflix Documentary"CoComelon: Season 7""Eva Lasting" — Netflix Series"Full Swing" — Netflix Documentary"The Law According to Lidia Poët" — Netflix Series"Red Rose" — Netflix SeriesAvailable 2/16/23"47 Meters Down: Uncaged""Ouija""The Upshaws: Part 3" — Netflix SeriesAvailable 2/17/23"A Girl and an Astronaut" — Netflix Series"Community Squad" — Netflix Series"Ganglands: Season 2" — Netflix Series"Unlocked" — Netflix FilmAvailable 2/19/23"Whindersson Nunes: Preaching to the Choir" — Netflix ComedyAvailable 2/20/23"Operation Finale""VINLAND SAGA: Season 2" (new episodes)Available 2/21/23"Perfect Match" — Netflix Series (new episodes)Available 2/22/23"Murdaugh Murders: A Southern Scandal" — Netflix Documentary"The Strays" — Netflix Film"Triptych" — Netflix SeriesAvailable 2/23/23"Call Me Chihiro" — Netflix Film"Outer Banks: Season 3" — Netflix SeriesAvailable 2/24/23"Formula 1: Drive to Survive: Season 5" — Netflix Documentary"Oddballs: Season 2" — Netflix Family"Married at First Sight: Season 12""Pokémon Ultimate Journeys: The Series: Part 2" — Netflix Family"The Real World: Season 12""We Have a Ghost" — Netflix Film"Who Were We Running From?" — Netflix SeriesAvailable 2/27/23"VINLAND SAGA: Season 2" (new episodes)Available 2/28/23"A Whole Lifetime with Jamie Demetriou" — Netflix Comedy"American Pickers: Season 15""Perfect Match" — Netflix Series (new episodes)"Too Hot to Handle: Germany" — Netflix SeriesEmma Roberts in "Scream 4."

Total revenue rose 0.7% to $30.55 billion in the quarter. Cable revenue grew 1.4% to $16.64 billion, narrowly missing analysts' estimates of $16.67 billion. Comcast lost 440,000 video subscribers in the quarter, fewer than Factset's estimated loss of 548,000, as the trend of cable TV cord-cutting continued. The company also lost 26,000 broadband customers in the quarter, compared with Factset's estimated loss of 40,000 customers. NBCU advertising sales grew 4% to $2.86 billion, and theme parks revenue grew 12% to $2.11 billion.

Jan 25 (Reuters) - Meta Platforms Inc (META.O) said Wednesday it will reinstate former U.S. President Donald Trump's Facebook and Instagram accounts in the coming weeks, following a two-year suspension after the deadly Capitol Hill riot on January 6, 2021. He has 34 million followers on Facebook and 23 million on Instagram, platforms that are key vehicles for political outreach and fundraising. "I worry about Facebook's capacity to understand the real world harm that Trump poses: Facebook has been too slow to act." Whether, and how, Trump will seize upon the opportunity to return to Facebook and Instagram is unclear. He did not indicate if or when he would begin posting on Meta platforms again.

In her role as a recruiter at the German HR consultancy Heinrich & Coll., Eva Brückner looks for potential middle- and upper-level managers in the defense industry. "There has been a notable removal of taboos in the defense sector," Brückner said. She gets applications from people already working in the security, defense, automotive, or mechanical-engineering industries, she continued. "They don't have to have worked in the defense industry for a long time. Female candidates should understand before they apply that men still dominate many defense companies at the executive level, Brückner added.

☆ Meta to restore Donald Trump's Facebook, Instagram accounts
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: 1 min

Jan 25 (Reuters) - Meta Platforms Inc (META.O) said on Wednesday it will restore former U.S. President Donald Trump's Facebook and Instagram accounts in the coming weeks, following a two-year suspension after the deadly Jan. 6 Capitol Hill riot. Reporting by Eva Mathews and Yuvraj Malik in BengaluruOur Standards: The Thomson Reuters Trust Principles.

"With improving churn numbers and strong 5G wireless net adds, AT&T is entering 2023 in a good position," Third Bridge analyst Jamie Lumley said. Apart from 5G technology, AT&T is also investing in bolstering its fiber-optic network, which lets it sell both broadband services and video packages. "We will be operating in a challenging macroeconomic environment where wireless industry growth is likely to return to more normalized levels." Wireless stocks in the last 12 months Wireless stocks in the last 12 monthsFor the latest quarter, AT&T added 656,000 postpaid phone subscribers, above Factset estimates of 644,800 additions. The number also came in well above Verizon's 217,000 additions, although it failed to match T-Mobile's expected 927,000 additions.

☆ Verizon forecasts profit below estimates on slowdown worries, shares fall
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

Shares in the Dow Jones Industrial Average (.DJI) company fell 2.5% to $38.65 in premarket trading. However, thanks to promotional offers and Apple's (AAPL.O) flagship iPhone launch during the fourth quarter, the company added 217,000 net new monthly bill paying wireless phone subscribers in the fourth quarter, higher than Factset estimates of 200,400 additions. Verizon, which added 558,000 subscribers in the fourth quarter last year, expects adjusted profit between $4.55 per share and $4.85 per share in 2023. For the fourth quarter, Verizon earned $1.19 per share on revenue of $35.3 billion, both largely in-line with analysts' estimates. Reporting by Eva Mathews and Samrhitha Arunasalam in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

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