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☆ Morning Bid: Data-hit bond markets end summer lull
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +4 min

On top of that, there were signs that activity at dominant U.S. service sector firms picked up steam again last month too. Friday's release of the Labor Department's monthly national payrolls report will seal the picture. U.S. Treasury yields hit 16-year highs above 5%, German equivalents hit their highest in 15 years and British gilt yields scaled 2008 peaks. The VIX (.VIX) gauge of implied Wall St volatility - which had been peculiarly subdued right through last month - jumped to its highest since June 1. Crucially, 2-year Treasury yields edged back below 5%.

Persons: Mike Dolan, Lorie Logan, payrolls, HSI, Janet Yellen's, Elon, Lorrie Logan, Christine Lagarde, Joachim Nagel, Bank of England policymaker Catherine Mann, Emelia Sithole Organizations: readouts, Federal, Labor, Dallas Fed, Fed, Treasury, Nikkei, Twitter, Meta, Dallas Federal, Central Bank, Bank of England, NATO, Vilnius Reuters Graphics, Reuters Graphics Reuters, PMI Reuters Graphics Reuters, Thomson, Reuters Locations: U.S, China, Canada, New York, Vilnius Reuters

☆ A prominent vaccine scientist says he was ‘stalked’ in front of home after Joe Rogan Twitter exchange
▼ + stars: | 2023-06-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —A prominent vaccine scientist said he was accosted outside of his home after a Twitter exchange with podcaster Joe Rogan, who challenged him to debate Robert F. Kennedy, Jr. over the weekend. “I just was stalked in front of my home by a couple of antivaxers taunting me to debate RFKJr.,” Houston-based scientist Peter Hotez tweeted Sunday. The confrontation came after Hotez tweeted Saturday in support of a Vice article that criticized Spotify’s handling of vaccine misinformation on Rogan’s show. Investor Mark Cuban defended Hotez, jumping in the Twitter debate. “Trying to bully Dr Hotez is ridiculous,” Cuban tweeted, accusing Musk and Rogan of acting in their own self interest.

Persons: podcaster Joe Rogan, Robert F, Kennedy, Jr, “, ”, Peter Hotez, Hotez, I’m, Rogan, “ I’m, “ He’s, Elon Musk, ” “, Bill Ackman, Joe Rogan, Jerry Springer, ” Hotez, vaxer, Mark Cuban, Dr Hotez, ” Cuban, Musk, Neil Young, Joni Mitchell, Daniel Ek Organizations: New, New York CNN, CNN, National, Tropical Medicine, Baylor College of Medicine, RFK, Twitter, MSNBC, Spotify Locations: New York, ” Houston, Covid

☆ How Dollar General's troubles have snowballed into cluttered aisles and stores forced to close by fire marshals
▼ + stars: | 2023-06-11 | by ( Alex Bitter | ) www.businessinsider.com time to read: +8 min

It was Christmas in May in the back room of a Michigan Dollar General last year. The clutter is one of the reasons that the Department of Labor labeled Dollar General a "severe violator" in March. In January, a Dollar General clerk was charged with manslaughter after police said he shot and killed an armed robber. Despite the problems on the ground, Dollar General continues to earn positive feedback from analysts on Wall Street. Do you work or shop at a Dollar General store or have a story to share?

Persons: —, They've, Alex Bitter, ProPublica, Corey Tarlowe Organizations: Service, Michigan, Department of Labor, Occupational Safety, Health Administration, New York Times, Dollar, Midwest, Arizona, CNN, Wall, Walmart, Home, Jefferies Locations: Louisiana, Maine, Michigan, Arizona

☆ Dollar General's troubles have snowballed into cluttered aisles and stores forced to close by fire marshals. Employees tell us what went wrong.
▼ + stars: | 2023-05-11 | by ( Alex Bitter | ) www.businessinsider.com time to read: +8 min

Current and former employees who spoke to Insider say clutter at Dollar General stores has gotten worse over the last few years. The clutter is one of the reasons that the Department of Labor labeled Dollar General a "severe violator" in March. In January, a Dollar General clerk was charged with manslaughter after police said he shot and killed an armed robber. Despite the problems on the ground, Dollar General continues to earn positive feedback from analysts on Wall Street. Do you work or shop at a Dollar General store or have a story to share?

☆ Liz Holmes Wants You to Forget About Elizabeth
▼ + stars: | 2023-05-07 | by ( Amy Chozick | ) www.nytimes.com time to read: +3 min

Ms. Holmes said she believed that making herself the poster girl for women in tech put a huge target on her back. “I’m still thinking about the journalists being intimidated,” Ms. Holmes said after we’d moved on to several other topics. This kind of misguided talk is the one consistent thread in my reporting on who Ms. Holmes really is. In the waning days of Theranos, Ms. Holmes got a dog, a Siberian husky named Balto. It’s the same way Ms. Holmes kept hanging on at Theranos.

☆ Why the Bud Light sales nosedive won’t register on Anheuser-Busch’s earnings report this week
▼ + stars: | 2023-05-03 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Anheuser-Busch will report earnings Thursday, marking the first time it will face Wall Street analysts’ questions since its Bud Light brand erupted in controversy. Sales of Bud Light have tumbled over the past month after the company delivered a custom can to Dylan Mulvaney, a transgender woman with a large Instagram following. The video went viral, with some supporting Mulvaney and the company, and others responding with anti-trans reactions and calls for a Bud Light boycott. The week prior, Bud Light revenue was down 17%, even as sales of rivals Miller Lite and Coors Light increased. Bud Light sales have been declining for years, but this situation has “snowballed” and made its troubles even more pronounced, Roth said.

☆ I made $194,000 in a year as a freelancer taking pictures of M&Ms, Burt's Bees, and other products. Here's the exact email I used to land clients.
▼ + stars: | 2023-04-28 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +8 min

See the email template Schlabs uses to land clients such as Burt's Bees and M&M's. I studied marketing at college and had a marketing job lined up but decided to instead go into freelance product photography after I graduated. I decided to try product photography freelanceWhen I left college in May 2020, I decided to try out product-photography freelancing. My name is Deidre Schlabs, I own Fluff Media, a full-service photography agency focusing on editorial and content product photography. I am reaching out to see if you are in need of product photography and/or social media content creation.

☆ Anheuser-Busch executive takes leave following boycott calls over transgender influencer partnership
▼ + stars: | 2023-04-23 | by ( ) www.cnbc.com time to read: +2 min

The marketing executive who oversaw a partnership between Bud Light and a transgender influencer is taking a leave of absence after it snowballed into cries for boycotts from some angry customers, according to media reports. Alissa Heinerscheid, Bud Light's vice president of marketing, will be replaced by Todd Allen, most recently global vice president of Budweiser, according to reports from Beer Business Daily and Ad Age. Earlier this month, Bud Light said, "Anheuser-Busch works with hundreds of influencers across our brands as one of many ways to authentically connect with audiences across various demographics." Musician Kid Rock posted a video of himself shooting cans of Bud Light with a rifle. Anheuser-Busch InBev's stock that trades in the United States is down 1.8% since Mulvaney's April 1 video showing herself taking a sip of Bud Light.

☆ BMW skids into ice cream melee at Shanghai auto show
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] A BMW booth is pictured at the Auto Shanghai show, in Shanghai, China, April 19, 2023. REUTERS/Aly SongSHANGHAI, April 20 (Reuters) - Chinese internet users berated German automaker BMW (BMWG.DE) on Thursday, accusing it of discrimination at the Shanghai auto show amid claims workers at its Mini booth favoured foreign over domestic visitors during an ice cream giveaway promotion. The controversy comes as BMW and fellow German automakers participate in the Shanghai auto show in full force as they fight to stay on top of consumer trends in a country where domestic rivals have been aggressively taking market share. One video showed two Chinese workers telling some local visitors to the Mini stand that the free ice cream had run out, only to offer a tub moments later to a Western attendee. "This has taken away my good feelings towards BMW," said one Weibo commentator.

☆ NATO chief visits Kyiv: Jens Stoltenberg says Ukraine's "rightful place" is in the alliance
▼ + stars: | 2023-04-20 | by ( Sana Noor Haq Luke Mcgee Alex Hardie Zahid Mahmood Victoria Butenko | Sana Noor Haq | Luke Mcgee | ) edition.cnn.com time to read: +5 min

CNN —NATO Secretary General Jens Stoltenberg said Thursday “Ukraine’s future is in NATO,” in his strongest remarks reaffirming ties with Kyiv since Russia launched its full-scale invasion in February 2022. NATO Secretary General Jens Stoltenberg visits the Wall of Remembrance to pay tribute to fallen Ukrainian soldiers in Kyiv on April 20, 2023. Gleb Garanich/ReutersStoltenberg (left) and President Volodymyr Zelensky (right) meet during the alliance chief's historic trip to Ukraine on Thursday. Finnish public support for accession snowballed following the invasion of Ukraine, and also reignited calls from Kyiv to join. Speaking at a joint conference in Kyiv, Zelensky said he valued the support from the alliance but pressed Stoltenberg on when Ukraine would be invited to join NATO.

☆ China March new home prices rise at fastest pace in 21 months
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +2 min

Summary March new home prices +0.5% m/m vs +0.3% m/m in FebBEIJING, April 15 (Reuters) - China's new home prices rose in March at the fastest pace in 21 months, official data showed on Saturday, as continued government policy support helped prop up demand amid a broader push for an economic recovery. New home prices in March edged up 0.5% month-on-month after a 0.3% rise in February, marking the fastest pace since June 2021 and the third consecutive monthly rise, according to Reuters calculations based on National Bureau of Statistics (NBS) data. Prices fell 0.8% year-on-year, down on an annual basis for the 11th straight month. Household loans, mostly mortgages, jumped to 1.24 trillion yuan ($180.52 billion) in March from 208.1 billion yuan in February, with medium- to long-term household loans rising to 634.8 billion yuan from 86.3 billion yuan in February, according to Reuters' calculations based on central bank data. China will release property sales and investment data for March on Tuesday, along with economic activity data and first quarter gross domestic product (GDP).

☆ How a trio of ProPublica reporters landed an explosive story on Justice Clarence Thomas
▼ + stars: | 2023-04-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

A team of ProPublica reporters earlier this year began looking into the travel of various Supreme Court justices, not entirely sure what they would find, if anything. But their editors encouraged the team to keep working the story, Justin Elliott, a member of the reporting team, told me by phone on Thursday. “The progress was gratifyingly steady,” Elliot told me, cautioning, however, that “it was not easy.”Easy or not, the final product that published on Thursday morning was unquestionably worth the effort. “These trips appeared nowhere on Thomas’ financial disclosures,” the ProPublica team wrote. “From my perspective as a reporter,” Elliott told me, “I feel so lucky to have the reporting resources and time resources to do a heavy lift like this.

ORLANDO, Florida, March 22 (Reuters) - First the record wager on higher U.S. interest rates, now the record wipe out. Their record net short position in three-month Secured Overnight Financing Rate (SOFR) futures of 1.17 million contracts was slashed to 329,638 contracts in the week through March 14. chartchartExpectations of a 6% fed funds rate have long faded. In bonds and interest rates, yields and implied rates fall when prices rise, and move up when prices fall. The latest CFTC figures also revealed how the recent surge in volatility has put speculative accounts trading three-month SOFR futures out of the market.

Last year it breached liquidity requirements at some of its entities after an unsubstantiated social media report sparked client exits. In the U.S., the decision to insure all bank deposits after SVB was shuttered surprised many. QUICKLY DISAPPEARSome in the banking industry play down the risks of another SVB-style downfall spurred by social media. Regulators will also need to monitor social media and develop a set of protocols to guide how they respond, according to Patricia McCoy, a law professor at Boston College. "They need to be looking for any signs of unsubstantiated rumors, panic starting to mount on social media, and they've got to do it around the clock," she said.

☆ Why the implosion of Silicon Valley Bank is actually a good thing for stocks
▼ + stars: | 2023-03-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

The implosion of SVB makes for scary headlines, but it could actually be great for the stock market. That's because the Federal Reserve may be forced to slow the pace of rate hikes it's been enacting since March 2022. A number of Wall Street firms have already forecasted a pause in rate hikes, Goldman Sachs chief among them. A reversal in a key market dynamicFast-rising interest rates throughout 2022 dinged company valuations and sent the broader stock market into a bear market. Some have pointed to the 1994 bankruptcy of Orange County as an event with parallels to today's interest rate environment.

☆ 'Not so rosy': Russian athletes face prospect of Olympics ban
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +3 min

[1/3] Olympic Rings are pictured in front of The Olympic House, headquarters of the International Olympic Committee (IOC) at the opening of the executive board meeting of the International Olympic Committee (IOC), in Lausanne, Switzerland September 8, 2022. Since the International Olympic Committee (IOC) opened the door for Russian and Belarusian athletes to compete as neutrals at the 2024 Paris Games, calls to have them excluded have snowballed. At an indoor track in northeastern Moscow on Friday, hurdler Sergey Shubenkov said he was avoiding reading the news about Russia's Olympic prospects. The measure was taken as part of wider sanctions against the Russian athletics federation, which has been suspended since 2015 over doping offences. "I think those who don't support (Russia's special military operation in Ukraine) have already left.

☆ Investor reaction to Adani market rout after short-seller report
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +4 min

The rout has sparked concern that the fallout could also affect, more broadly, confidence in India. GEORGE BOUBOURAS, HEAD OF RESEARCH AT K2 ASSET MANAGEMENT, MELBOURNE (UNDERWEIGHT ON INDIA)"The Adani effect works both ways given the market cap relative to index. "To attract more capital the Indian economy needs more FTAs (free-trade agreements) and more financial market reform - a long process." Given there has not been any significant change for now for the market valuation, the market remains overall expensive in our view." Adani is a known levered name in India, so I would think most participants should not associate the same issues for other Indian assets."

☆ Nick Clegg led Meta's decision to reinstate Trump to Facebook and Instagram. Here's how the former UK deputy prime minister charmed his way into Mark Zuckerberg's inner circle.
▼ + stars: | 2023-01-26 | by ( Philip Webster | ) www.businessinsider.com time to read: +18 min

Nick Clegg has risen quickly to become one of Mark Zuckerberg's closest confidants at Meta. Clegg, a former UK deputy prime minister, led the decision to reinstate Donald Trump to Facebook. It was updated on February 16, 2022 following the news that Nick Clegg had been promoted to the role of President for Global Affairs. In a challenging economic climate, the Lib Dems and their Conservative coalition partners voted to raise tuition fees. Nick Clegg (left) and Chris Huhne appearing on the BBC's "The Andrew Marr Show" in October 2007.

☆ I lied on my résumé and got the job that kickstarted my entire career. I don't regret it, but I wouldn't do it again.
▼ + stars: | 2023-01-23 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +4 min

She had no experience, so when a music video producer role came up, she faked her résumé. When I was 29, I got a job producing a music video for a country music star, based on a résumé I sent in that showed I was tailor-made for this job. I brought a proposed budget for the music video that I had almost completely copied from a budget I found online. Lying on my résumé worked out for me, but I wouldn't do it in 2023Even though my résumé was an exaggeration, I did a great job producing that music video. Having that credit to my name helped me get my next job, producing a pilot for VH1, which snowballed into other opportunities in my career.

☆ 'Netflix correct your mistake' is trending on Twitter as fans vent about the cancellation of 'Warrior Nun'
▼ + stars: | 2023-01-18 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

Netflix canceled its fantasy drama series "Warrior Nun" in December, and fans are not happy. This snowballed into "#NETFLIX CORRECT YOUR MISTAKE" trending on Twitter. Over 108,000 people have signed an online petition on Change.org to renew "Warrior Nun" for its third season. Henry T. Casey, a senior editor at Tom's Guide, an online publication that reviews tech products, tweeted: "Honestly, respect to the Warrior Nun fans. We learned a lot from Sense and we're going to try not to do this in the future," Netflix tweeted.

☆ I bought a $15,000 property to turn into an off-the-grid Airbnb 6 years ago. Now it rents for $1,250 per night — and it's done so well that I just quit my job.
▼ + stars: | 2023-01-09 | by ( Jamie Killin | ) www.businessinsider.com time to read: +6 min

Hillary Flur, 31, is the owner of an off-the-grid Airbnb in Joshua Tree, California. Then I heard about Airbnb, and I thought to myself: "I'm going to Airbnb my apartment so I can afford rent." Malek and I would work from Monday to Friday in our office, and then on the weekends we would drive out to Joshua Tree and start building. Since we started renting the property in late 2016, unique Airbnbs in Joshua Tree have grown in popularity. For people who're trying to do Airbnb in Joshua Tree now, it can be pretty hard to find something affordable.

☆ Southwest's unique routing system compounded and snowballed, says former Continental Airlines CEO
▼ + stars: | 2022-12-30 | 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 EmailSouthwest's unique routing system compounded and snowballed, says former Continental Airlines CEOGordon Bethune, former Continental Airlines chairman and CEO, joins 'Squawk on the Street' to discuss the Department of Transportation's ability to enforce airlines to reimburse travelers, how quickly Southwest can update the current system, and more.

At a news conference in Houston, Southwest spokesman Jay McVay said cancellations snowballed as storm systems moved across the country, leaving flight crews and planes out of place. In normal times, this can allow Southwest to operate more flights over a given 24-hour period than other carriers, said Scott Meyerowitz, executive editor of The Points Guy travel site. Casey Murray, president of the Southwest Airlines Pilots Association, said Southwest had not adequately prepared flights for the storm, which hampered ground transportation and maintenance vehicles. Adding to the difficulty: Large swaths of Southwest crews remain in contract negotiations with the carrier. Southwest Airlines did not immediately respond to questions about ongoing contract negotiations with its crews.

Budgeting coach Clarissa Moore knows firsthand how hard it is for other single moms to manage their finances. You should also adjust your budget on a regular basis and start small with savings. Here are five key pieces of budgeting advice Moore has for other single moms seeking to better manage their finances. Start small with your savingsMoore knows firsthand how many financial hurdles get in the way of single moms building real wealth. 4. Review your budget regularlyOnce you start budgeting and tracking your expenses, Moore says you'll begin to understand your spending patterns more clearly.

[1/2] FILE PHOTO: Larry Fink, Chairman and CEO of BlackRock, arrives at the DealBook Summit in New York City, U.S., November 30, 2022. The major prize Bluebell has so far scored was at Danone, where it helped oust a chief executive. By comparison, the average activist hedge fund was down 14% for 2022 in November, according to Hedge Fund Research data. BlackRock has also not responded to Bluebell's request to shake up its board and review its environmental, social, and corporate governance (ESG) strategy. Even if Bluebell does not win concessions from BlackRock, it has at least bet on a company that has performed well in the past.

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