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☆ Opinion: Putin faces a challenging task that threatens his power
▼ + stars: | 2023-07-07 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +8 min

The Russian president needs to restore his image of a man in full command of his country to audiences at home and abroad. Speaking at the summit, Putin tried to reinforce the message he had delivered to the Russian people, the claim that all Russians had stood with him. It wasn’t just his use of “alternative facts” that undermined Putin’s effort to leverage the SCO summit into a place to restore his standing as Russia’s czar for the foreseeable future. In fact, in the aftermath of the Prigozhin uprising, Putin has echoed the traditional strongman’s playbook of buying loyalty. Putin now faces a triple task: reclaiming the mantle of invincibility in Russia, rebuilding that image abroad and winning his calamitous war in Ukraine.

Persons: Frida Ghitis, Vladimir Putin, Yevgeny Prigozhin —, —, Alexander Lukashenko, Prigozhin, Putin, Xi Jinping, Narendra Modi, ”, “, Modi, Ebrahim Raisi, Xi, Dmitry Peskov, India’s Modi, Antony Blinken, Janet Yellen Organizations: CNN, Washington Post, Politics, Shanghai Cooperation Organization, SCO, Frida Ghitis CNN, Wagner Group, Belarussian, Indian, Biological Safety, Twitter, Financial Times, Russian Locations: Russia, China, India, Russian, Moscow, St . Petersburg, Belarus, Ukraine, Iran, Rostov, New Delhi, Iranian, Republic, Dagestan, Kremlin, Asia, Washington, Beijing

☆ Deutsche Bank strategist: 'We're at exactly the point where the market is getting too complacent'
▼ + stars: | 2023-07-06 | 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 EmailDeutsche Bank strategist: 'We're at exactly the point where the market is getting too complacent'Maximilian Uleer, head of European equity and cross asset strategy at Deutsche Bank, said he is surprised at how calm the stock market is despite a number of uninspiring data points out of Europe and China.

Persons: Maximilian Uleer Organizations: Deutsche Bank Locations: Europe, China

☆ Next-generation smoking products may be underappreciated in this tobacco stock, Citi says
▼ + stars: | 2023-06-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors may not fully appreciate how much next-generation products, or NGPs, can help Philip Morris , Citi said. Analyst Simon Hales upgraded the tobacco stock to buy from neutral and raised his price target by $8 to $117. His new target implies shares can gain 23.3% over the next year. Those smoke-free products have helped stabilized nicotine after combustibles' fall from grace. In fact, Hales said sales of Philip Morris' heated tobacco products should grow at a five-year compound annual rate of around 18%.

Persons: Philip Morris, Simon Hales, Hales, — CNBC's Michael Bloom Organizations: Citi, Marlboro Locations: combustibles

☆ The Democrat Saying What Others Won’t
▼ + stars: | 2023-06-15 | by ( The Run-Up | ) www.nytimes.com time to read: 1 min

Back in 2020, Joe Biden stood out in a crowded Democratic primary field filled with younger, more historic candidates. Voters worried that Mr. Biden was too moderate, too uninspiring and too old. One of his challengers, former Housing and Urban Development Secretary Julián Castro, got a lot of attention for his willingness to echo those concerns. But after going hard at Mr. Biden in a debate, his campaign fizzled and Mr. Castro, once a rising star in the Democratic Party, left Washington altogether. To some, it seemed like evidence of the consequences of stepping out of line with the party.

Persons: Joe Biden, Mr, Biden, Julián Castro, Castro Organizations: Democratic, Voters, Urban, Mr, Democratic Party Locations: Washington

☆ Embracer’s standalone pitch hits the right buttons
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

The $3 billion video-game holding company announced on Tuesday that it would slash costs and investments to achieve a more “stable future”. The new strategy is to rely on its own free cash flow, rather than partnerships or capital hikes, to fund the business. Wingefors wants to cut overhead costs by at least 10% compared to the last quarter’s annual run rate. At least Wingefors’ new standalone survival strategy gives him a stronger negotiating hand if a bid comes along. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Lars Wingefors, it’s, Wingefors, Oliver Taslic, Liam Proud, Pranav Kiran Organizations: Reuters, Investors, Twitter, Thomson Locations: India, Teck, China

☆ Wall Street's favorite retail stocks coming out of major earnings week
▼ + stars: | 2023-05-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

It was a big week for investors in retail stocks with some of the sector's biggest names reporting. Walmart posted an earnings beat and strong guidance, while Foot Locker noticeably missed Wall Street's expectations for the quarter and gave uninspiring guidance for future performance. With this landscape in mind, CNBC Pro screened for the most-liked retail stocks on Wall Street. The 12 stocks below have at least 55% of analysts rating them as buy and an average upside of more than 10%. Walmart also raised its full-year earnings guidance following the strong quarterly report.

☆ As the Nasdaq recovers half of its bear market losses, signs of broader strength emerge
▼ + stars: | 2023-05-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +6 min

This particular conversation has been chewed over pretty thoroughly, and I've hit on it last week and the week before . And perhaps more relevant, last week saw at least tentative signs of a desired broadening out. It's worth pointing out too that the recent surge in the familiar Nasdaq megacaps has a lot to do with mean reversion, after the Nasdaq lagged the equal-weighted S & P 500 in 2002 by 20 percentage points. The NDX has been in a long-term structural uptrend relative to the S & P 500 for the past decade. As noted, the S & P 500 touched 4,200 late in the week before easing back a bit.

☆ I'm a Gen Zer who bumped my salary up by 40% with a career pivot to data analytics — and I learned the skills for free on YouTube
▼ + stars: | 2023-05-14 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

A Gen Z worker was unhappy with his job, so he taught himself data analysis and switched careers. Two years ago — when I was 22 — I finally learned what someone with the title of "data analyst" did, while still working that first job. Switching to a career in data analytics changed my lifeIt wasn't costly for me to become a data analyst — and it changed my life. Upon entering the field, I was surprised to find out how many people were able to break into tech through data analytics, without needing a college degree. I used Khan Academy's free SQL course, for instance, one of the major tools for data analytics.

☆ I Got My Name From Connie Chung. So Did They. - The New York Times
▼ + stars: | 2023-05-11 | by ( Connie Wang | ) www.nytimes.com time to read: +21 min

In my freshman class alone, there was a Connie Zheng, a Connie Guo, a Connie Xu, a few Connie Chengs, and multiple Connie Wangs. That ayi was Constance Yu-Hwa Chung, or, as the world knows her, Connie Chung. Connie Chung hosting the “CBS Evening News” in 1991, the year after the author named herself Connie. Connie Wang Connie Koh Connie Yang Connie Tang Connie Jang Connie Chung Connie Moy Connie Huang Connie Kwok Connie Chang Connie Sun Connie Chung, center, surrounded by 10 members of Generation Connie. Clockwise from top right, Connie Yang, Connie Tang, Connie Moy, Connie Sun, Connie Chang, Connie Kwok, Connie Huang, Connie Jang, Connie Wang and Connie Koh.

☆ I tried to eat at my local McDonald's as someone with celiac disease. It did not go well.
▼ + stars: | 2023-05-07 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +1 min

I recently tried to eat at McDonald's as a person with celiac disease. McDonald's doesn't claim any of its food as gluten-free so I was very limited in what I could order. McDonald's is one of the largest chain restaurants in the US, with over 13,000 locations across the country. Eating out with celiac is not easy, but restaurant chains often provide a safe haven, given their strict food preparation protocols and allergen lists stamped everywhere. In Italy, for example, McDonald's sells an uninspiring but safe gluten-free burger that is cooked wrapped in plastic to avoid cross-contamination.

☆ Kremlin document shows how Russia is instructing state news outlets to handle potential losses in Ukraine counteroffensive: report
▼ + stars: | 2023-05-03 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

The Kremlin has prepared media talking points about Ukraine's expected counteroffensive, per Meduza. Sources told independent Russian outlet Meduza the document is aimed at priming the public for potential losses, or to capitalize on any Russian success. Reporters have been told "not to downplay expectations for the NATO-supported counteroffensive," and not to say that "Kyiv is unprepared for a 'counteroffensive," Meduza reported. Dr Precious Chatterje-Doody, an Open University lecturer in politics and an expert on Russian media, told Insider that the reported guidance fits "perfectly" with Russia's existing coverage of the war. Most Russian media is subject to strict controls over how the Ukraine war is discussed.

☆ Opinion: We want a choice instead of Charles
▼ + stars: | 2023-05-01 | by ( Opinion Graham Smith | ) edition.cnn.com time to read: +5 min

CNN —When King Charles rumbles up the road from Buckingham Palace in his horse drawn carriage on May 6, off to his coronation, I will be nearby, protesting for the abolition of the British monarchy. According to a recent Savanta poll, support for abolition – that is, Britain having an elected head of state – is close to a third. Protesters hold signs reading "Not My King" behind well wishers gathered for the arrival of King Charles III and Queen Consort Camilla at the Liverpool Central Library on April 26, 2023. So, when we shout “Not My King!” at Charles, it is a proud statement of democratic principle – that we recognise no person’s claim to be above us because of birth. On May 6 it’s about saying very clearly, we want an election instead of a coronation, and a choice instead of Charles.

☆ Where is Goldman Sachs' David Solomon going on those private jets?
▼ + stars: | 2023-04-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Insider's Dakin Campbell compiled flight data on Goldman Sachs' two private planes from the beginning of 2022 through March of this year. Much of the focus on Goldman's jets, as Insider has previously reported, has been Solomon's personal use of them. If Goldman and Solomon are playing by the rules, why does it matter? And while I've written before about corporate jets being the scapegoat for excessive spending, that was moreso regarding business travel. Click here for all the details on where Goldman's two private planes have flown since 2022.

☆ NBC News poll: Nearly 70% of GOP voters stand behind Trump amid indictment, investigations
▼ + stars: | 2023-04-23 | by ( Mark Murray | ) www.cnbc.com time to read: +4 min

And half of those who don't want the 80-year-old Biden to run say the president's age is a "major" reason why. Forty-six percent of Republican primary voters pick Trump as their first choice, while 31% select DeSantis as the 2024 candidate they favor. Businessman Vivek Ramaswamy has 2%.Meanwhile, DeSantis is the second choice of 33% of GOP primary voters, Trump is the second pick of 20%, and Haley is the second choice of 14%. Yet what also stands out in the poll are the nearly 70% of Republican primary voters who say they stand behind Trump despite the different investigations he's facing. Majorities don't want Biden, Trump to run for president in 2024The NBC News poll also comes just days before Biden's expected announcement for re-election.

☆ ICON prepares to build on the lunar surface. But first, a moonshot at home
▼ + stars: | 2023-04-12 | by ( Thomas Page | ) edition.cnn.com time to read: +9 min

Casey Dunn/ICONA thread running through ICON’s work is building homes for disadvantaged people, including accommodation for the long-term homeless, often in collaboration with non-profits. Bailey suggested the success of 3D-printed housing could hinge on how it is perceived by prospective residents. Instead of Lavacrete, ICON is experimenting with using lunar regolith, the mineral-rich dust and rock that covers the moon’s surface. ICON's Project Olympus will see a construction system built by the company on the moon later this decade. Apis CorCOBOD is responsible for what it claims is the tallest 3D-printed building in the world, a three-story house in Saudi Arabia.

☆ Gary Vaynerchuk to managers: Forget a 4-day workweek. If you want to make your people happy, fire the jerks.
▼ + stars: | 2023-04-06 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

Gary Vaynerchuk said companies should fire the "assholes" creating "toxic" work environments. He has also said recently that companies need to appeal to Gen Z better, given their many work options. In TikToks posted this week, Vaynerchuk railed against "toxic work environments," slamming companies for retaining employees and management that compromise the "joy" of their staff members. "Joy doesn't come from four-hour workweeks," Vaynerchuk said in one video, seeming to reference the current movement for a four-day workweek. And Vaynerchuk is betting that people also want to be treated right while on the clock.

Stock Chart Icon Stock chart icon Nvidia's stock performance year to date. Stock Chart Icon Stock chart icon Meta's stock performance year to date. Stock Chart Icon Stock chart icon Devon Energy's stock performance year to date. Stock Chart Icon Stock chart icon Johnson & Johnson's stock performance year to date. Stock Chart Icon Stock chart icon Honeywell's year to date stock performance.

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Best 5% Cash Back Credit Cards of April 2023Read on to see our picks for the best 5% credit cards and learn which ones best suit your needs. 5% Cash Back Credit Cards Frequently Asked Questions (FAQ)Is there a credit card that earns 5% cash back on everything? Compare the Best 5% Cash Back Credit Cards Chase Freedom Flex℠Discover it® Cash BackCiti Custom Cash℠ CardU.S. Bank Cash+® Visa Signature® CardInk Business Cash® Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. US Bank Cash Plus card reviewBest for Small Business PurchasesInk Business Cash Credit CardIn some respects, the Ink Business Cash® Credit Card crushes others on this list. The main drawback of the Ink Business Cash® credit card is its limited selection of 5% cash back categories.

Executives will run through the numbers and formulate scenarios that might reshape Credit Suisse's future, the sources added. Credit Suisse declined to comment. Among possible scenarios, analysts, bankers and investors speculate that Credit Suisse could sell or wind down some of its existing businesses with a break-up potentially on the cards. The sell-off in Credit Suisse's shares began in 2021, triggered by losses associated with the collapse of investment fund Archegos and Greensill Capital. In December, Credit Suisse had tapped investors for 4 billion Swiss francs.

☆ What happened at Credit Suisse and how did it reach crisis point?
▼ + stars: | 2023-03-16 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

In December, Credit Suisse had tapped investors for 4 billion Swiss francs. Credit Suisse shares have lost more than 75% of their value over the past twelve months. Reuters Graphics Reuters GraphicsWHAT STEPS CAN CREDIT SUISSE TAKE TO CALM INVESTORS? HOW IMPORTANT IS CREDIT SUISSE? Credit Suisse has a local Swiss bank, wealth management, investment banking and asset management operations.

☆ Explainer: Credit Suisse: How did it get to crisis point?
▼ + stars: | 2023-03-16 | by ( Anshuman Daga | ) www.reuters.com time to read: +3 min

Credit Suisse confirmed last month that clients had pulled 110 billion Swiss francs of funds in the fourth quarter while the bank suffered its biggest annual loss of 7.29 billion Swiss francs since the financial crisis. In December, Credit Suisse had tapped investors for 4 billion Swiss francs. Reuters Graphics Reuters GraphicsWHAT STEPS CAN CREDIT SUISSE TAKE TO CALM INVESTORS? HOW IMPORTANT IS CREDIT SUISSE? Credit Suisse has a local Swiss bank, wealth management, investment banking and asset management operations.

☆ A 30-year-old property owner in Seattle is experimenting with short-term rentals and overcoming the 'Airbnbust' by setting up one-of-kind listings, including a 70s-themed 'Groovy Guest House'
▼ + stars: | 2023-03-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Real estate investor Peter Keane-Rivera recently got into short-term vacation rentals. After nearly five and a half years of doing long-term rentals, Seattle-based property owner Peter Keane-Rivera is experimenting with short-term vacation rentals via Airbnb. "He said, 'you'll pretty much double the rent on a long-term rental unit if you convert it to a short-term vacation rental,'" Keane-Rivera, who works full-time at a large aerospace manufacturer in the Seattle area, told Insider. While that may have been true when his mentor was listing Airbnbs, vacation rental bookings started slowing down in 2022 and hosts started worrying about what was coined 'Airbnbust.' After looking through listings of other Airbnbs in the Seattle area and evaluating his competition, Keane-Rivera settled on creating a 70s-themed space.

☆ The most closely watched recession indicator is telling markets that a downturn won't materialize for another 2 years, Credit Suisse chief stock strategist says
▼ + stars: | 2023-03-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The most closely watched recession indicator is saying a downturn won't happen for another two years. That's because the Treasury futures market suggests the yield curve inversion will last until 2026, Credit Suisse's Jonathan Golub said. Golub predicted a downturn to strike in August 2025 based on historical data. When short term bond yields surpass longer term yields, it is a notorious indicator of an incoming recession. On the more bearish end, Morgan Stanley's chief stock strategist warned of a 26% stock market crash, as higher interest rates weigh on equities.

☆ China gives itself easy GDP homework
▼ + stars: | 2023-03-06 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, March 6 (Reuters Breakingviews) - China aims to grow GDP by “around 5%” in 2023, which might seem low given last year’s 3% marked the country’s weakest performance in decades. Chen Long of Plenum China notes that the annual work report, usually an important window into the economy and official priorities for the year ahead, dedicates only six pages to discussing the future, compared to 22 pages last year. That may be because Premier Li Keqiang, who gives the work report, is on his way out along with other reformers. By keeping goals conservative and methods vaguer than usual, the government makes it harder for newcomers to fail. The government is aiming for a 2023 budget deficit target of 3% of gross domestic product, according to the report, widening from a deficit goal of around 2.8% last year.

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