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☆ Oil steady as China revival hopes offset Russia uncertainty
▼ + stars: | 2022-12-07 | by ( Trixie Sher Li Yap | ) www.reuters.com time to read: +4 min

Brent crude futures edged up 3 cents, or 0.04%, to $79.38 a barrel by 0717 GMT, after they fell below $80 for the second time in 2022 during the previous trading session. U.S. crude futures mostly traded sideways, and were down 9 cents or 0.12% to $74.16 a barrel. "China has (been) rapidly eased COVID-19 restrictions, which may boost demand," markets analyst Leon Li at CMC Markets said in a note. The reopening could see a 1% boost to global oil demand, ANZ said in a client note. Oil prices have dropped by more than 1% for three straight sessions, giving up most of their gains for the year.

SINGAPORE, Dec 7 (Reuters) - Oil futures edged slightly higher on Wednesday on hopes for improved Chinese demand while uncertainty about how a Western cap on Russian oil prices would play out kept markets on edge after a sharp fall the previous session. U.S. crude futures clawed back earlier losses and were steady from the previous close at $74.25 a barrel. "China has (been) rapidly eased COVID-19 restrictions, which may boost demand," markets analyst Leon Li at CMC Markets said in a note. However, uncertainty on how the price cap on Russian oil would play out on supply contributed to volatility. Oil prices have dropped by more than 1% for three straight sessions, giving up most of their gains for the year.

☆ We're going to see a much slower year ahead for the homebuilder stocks, says CFRA's Ken Leon
▼ + stars: | 2022-12-07 | 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 EmailWe're going to see a much slower year ahead for the homebuilder stocks, says CFRA's Ken LeonKen Leon, Director of Equity Research at CFRA, joins Worldwide Exchange to discuss earnings from Toll Brothers and the outlook for other homebuilder stocks.

☆ Paul Pelosi attends Kennedy Center Honors in first public appearance since home attack
▼ + stars: | 2022-12-05 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +2 min

Paul Pelosi, the husband of House Speaker Nancy Pelosi, attended the Kennedy Center Honors on Sunday in what appeared to be his first public appearance in the weeks since he was attacked at his home in October. Paul Pelosi and President Joe Biden could be seen greeting each other as they sat down several seats apart at the 45th annual honors event at the John F. Kennedy Center for the Performing Arts in Washington. DePape told investigators that the House speaker was on a “target list” he had put together as part of a bid to “fight tyranny." He said he regarded Nancy Pelosi as the “leader of the pack” of lies told by the Democratic Party, the indictment said. Actor George Clooney, composer Tania León, singers Gladys Knight and Amy Grant, were among those to be celebrated at Sunday's Kennedy Center Honors, along with the members of U2.

☆ Gladys Knight, George Clooney, Amy Grant feted at Kennedy Center Honors
▼ + stars: | 2022-12-05 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

WASHINGTON — A heartfelt Patti LaBelle praised her lifelong friend Gladys Knight. Matt Damon playfully teased his friend George Clooney — a lot — while Sheryl Crow gave thanks and a heartfelt rendition of “Baby Baby” to her fellow singer Amy Grant during Sunday’s Kennedy Center Honors. Every year the Kennedy Center honors a select group of people for their artistic influences on American culture. 2022 Kennedy Center Honorees, front row from left, Amy Grant, Gladys Knight, George Clooney, Tania León, join, back row from left, Adam Clayton, Larry Mullen Jr., The Edge, and Bono for a group photo at the State Department following the Kennedy Center Honors gala dinner, Saturday, Dec. 3, 2022, in Washington. León said during an interview when the honorees were announced that she wasn’t expecting “anything spectacular” when the Kennedy Center initially reached out to her.

☆ George Clooney, Gladys Knight among Kennedy Center honorees
▼ + stars: | 2022-12-04 | by ( ) www.cnbc.com time to read: +5 min

Secretary of State Antony Blinken, second from left, and his wife, Evan Ryan, left, join 2022 Kennedy Center Honorees, front row from left, Amy Grant, Gladys Knight, George Clooney, Tania León, and Kennedy Center President Deborah Rutter, back row from left, Kennedy Center Chairman David Rubenstein, along with fellow 2022 Honorees Adam Clayton, Larry Mullen Jr., The Edge, and Bono for a group photo at the State Department following the Kennedy Center Honors gala dinner, Saturday, Dec. 3, 2022, in Washington. Sometimes the Kennedy Center honors not just individuals but groups; "Sesame Street" once got the nod. Composer and conductor León said during an interview when the honorees were announced that she wasn't expecting "anything spectacular" when the Kennedy Center initially reached out to her. After all, she's worked with the Kennedy Center numerous times over the years going back to 1980, when she was commissioned to compose music for a play. León left Cuba as a refugee in 1967 and eventually settled in New York City.

[1/6] Kennedy Center honorees U2 band member Bono greets Cuban-born American composer, conductor and educator Tania Leon during a reception for Kennedy Center honorees ahead of the official gala at the State Department in Washington, D.C., U.S., December 3, 2022. REUTERS/Sarah SilbigerWASHINGTON, Dec 4 (Reuters) - Actor George Clooney, singer-songwriter Amy Grant, singer Gladys Knight, composer Tania León and rock group U2 were set to be celebrated on Sunday for their contributions to the arts with a White House reception and Kennedy Center Honors show. The Kennedy Center event, now in its 45th year, honors stars from music, stage and screen for their "contribution to American culture." Grant rose to prominence as a contemporary Christian music singer who later crossed over to pop stardom, amassing six Grammy Awards. Irish band U2, with members Bono, The Edge, Adam Clayton and Larry Mullen Jr., has won 22 Grammy Awards and was inducted into the Rock and Roll Hall of Fame in 2005.

☆ NHL roundup: Kasperi Kapanen's hat trick sends Pens past Blues
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +9 min

Oskar Sundqvist scored the only goal of the game for Detroit, which lost its third straight game. Toronto's Mitch Marner scored twice to set a club record with 19th straight games with a point. Bruins 5, Avalanche 1David Pastrnak and Trent Frederic each scored twice as the host Bruins cruised past the Avalanche. Tomas Hertl scored twice for the Sharks, who have lost five of six (1-4-1). Panthers 5, Kraken 1Carter Verhaeghe scored twice and Sam Bennett had three assists as Florida defeated host Seattle, ending the Kraken's franchise-record seven-game winning streak.

☆ Michael Burry, Elon Musk, and Mark Zuckerberg are raising the alarm on the US economy. Here are 8 recession warnings from top commentators this week.
▼ + stars: | 2022-12-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Michael Burry and Elon Musk this week flagged the risk of a severe US recession. Experts have flagged inflation, rising interest rates, and global growth headwinds as major worries. Several of these experts blame the Federal Reserve, which has rapidly raised interest rates to curb soaring prices this year, leaving consumers facing both higher living expenses and borrowing costs. Elon Musk, CEO of Tesla, Twitter, and SpaceX"Fed needs to cut interest rates immediately. Mark Zuckerberg, CEO of Meta"We thought that the economy and the business were going to go in a certain direction, and obviously it hasn't turned out that way.

☆ The global response to Russian oil sanctions, with Rystad Energy's Jorge Leon
▼ + stars: | 2022-12-02 | 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 EmailThe global response to Russian oil sanctions, with Rystad Energy's Jorge LeonVice president of analysis at Rystad Energy, Jorge Leon, joins 'The Exchange' to discuss the most likely outcome for OPEC meetings, oil and gas prices remaining elevated due to market disruption and OPEC's response to the Russian oil price cap set by the EU.

☆ Our long-term tailwinds will take shape in 2023 and beyond, says Nucor CEO
▼ + stars: | 2022-12-02 | 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 EmailOur long-term tailwinds will take shape in 2023 and beyond, says Nucor CEOLeon Topalian, Nucor CEO, joins 'Closing Bell' to discuss trends he sees from Nucor's end markets, when the long-term tailwinds for the company will manifest and more.

☆ Gaylord Perry, Baseball Hall of Famer, two-time Cy Young winner and master of the spitball, dies at 84
▼ + stars: | 2022-12-01 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

GAFFNEY, S.C. — Baseball Hall of Famer and two-time Cy Young Award winner Gaylord Perry, a master of the spitball who wrote a book about using pitch, died Thursday. Gaylord Perry of the Atlanta Braves signing autographs prior to a season game at Fulton County Stadium in August 1981 in Atlanta. Baseball Hall of Famer Gaylord Perry greets fans at the All-Star FanFest in Washington on July 14, 2018. Perry was ejected from a game just once for doctoring a baseball — when he was with Seattle in August 1982. After his career, Perry founded the baseball program at Limestone College in Gaffney and was its coach for the first three years.

☆ Billionaire investor Leon Cooperman says the S&P 500 won't hit a new high for a long time - and predicts a US recession and stubborn inflation
▼ + stars: | 2022-12-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Leon Cooperman expects the S&P 500 to eke out mediocre returns for the rest of this decade. The billionaire investor predicts a US recession and stubbornly high inflation. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. "The 4,800 high this year will be the high for quite some time," he said about the benchmark stock index. Rising prices, declining growthA prolonged economic downturn and elevated inflation lie ahead for the US, Cooperman said.

☆ More Cases, Policy Changes Are on the Horizon, DOJ’s New Fraud Section Chief Says
▼ + stars: | 2022-11-30 | by ( Dylan Tokar | ) www.wsj.com time to read: +4 min

The fraud section has at least two bribery-related settlements with corporations that it plans to finalize in the coming weeks, Mr. Leon said. Justice Department settlements typically require companies to undertake compliance reforms over a set period of time. A company’s chief executive and chief compliance officer will be required to sign at the end of that period the certification document, stating that the company’s compliance program is “reasonably designed to prevent and detect” future violations. A veteran of the fraud section, Mr. Leon previously served as a supervisor in its securities fraud unit beginning in 2011 and then briefly as its deputy chief before departing in early 2014. More policy changes are on the horizon, Mr. Leon said, including an update to the fraud section’s FCPA corporate enforcement policy.

☆ CNBC Pro Week: Leon Cooperman on finding winning stocks and a 2023 recession
▼ + stars: | 2022-11-30 | by ( Carmen Reinicke | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Week: Leon Cooperman on finding winning stocks in a down market and a 2023 recessionOmega Advisors CEO and billionaire investor Leon Cooperman sat down with CNBC Pro to explain why he's expecting a recession in 2023, and which stocks he is picking to make money despite the downturn. He also answers your questions.

☆ RSV, flu and colds: How to tell when your child is too sick for school
▼ + stars: | 2022-11-30 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

Almost all children catch RSV at some point before they turn 2, the US Centers for Disease Control and Prevention says. Here’s how to assess when to keep your child home from school and when to visit the pediatrician, according to experts. Ideally, public health professionals would like it if no child showing symptoms were sent to school or day care, where they could potentially spread infections Schaffner said. Again, here is where schools may have different policies and it becomes important to check with written information, a school administrator or school nurse, Wen said. “Parents should know that treating RSV and other respiratory infections is the bread and butter of pediatricians and emergency physicians,” Wen said.

☆ Leon Cooperman calls Alphabet an ‘ideal holding’ that is ‘very cheap’
▼ + stars: | 2022-11-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Billionaire investor Leon Cooperman is still bullish on Alphabet. Alphabet , down about 30% year to date, remains a holding of Cooperman's, as does Microsoft , which has lost 24% so far this year. Alphabet, in particular, is "very cheap for what it represents," the CEO of Omega Advisors said in a CNBC Pro Talk Wednesday. However, while Cooperman calls both Alphabet and Microsoft stocks "excellent," he has turned to the options market for a little downside protection. "So they push the market into excess of fair value and they push the market down below fair value and I'm trying to capitalize on the mistakes they are making."

☆ Virginia Democratic congressman Donald McEachin dies
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

Nov 28 (Reuters) - U.S. Representative Donald McEachin, a Democrat from Virginia who was recently re-elected to his fourth term in Congress, died on Monday aged 61, his office said. McEachin had been battling colorectal cancer since 2013, his chief of staff, Tara Rountree, said in a statement. "It is with great sadness that I join Virginians tonight in mourning the loss of Congressman Donald McEachin: a tireless champion for Virginia families and a force for economic opportunity and environmental justice," U.S. House Speaker Nancy Pelosi said in a statement. Republicans won at least 220 seats in the Nov. 8 election against 213 by the Democrats, with five seats still to be determined. McEachin defeated Republican challenger Leon Benjamin Sr. by about 30 points in Virginia's fourth congressional district, which includes the state capital, Richmond.

A former financier and associate of Jeffrey Epstein was sued Monday on allegations that he raped a woman in Epstein’s New York City mansion in spring 2002, according to court filings. The review, carried out by a New York law firm, declared that Black wasn’t involved in Epstein’s criminal activities. At the time, Epstein didn’t disclose Black’s name to Pierson, and she didn’t ask, according to the suit. Black then said ‘Black, my name is Leo Black,’” according to the filings. Another woman, Guzel Ganieva, sued Black last year, accusing him of rape and defamation, according to court filings.

☆ From the future of work to algos for home pricing, these are what the brightest young minds in real estate are working on
▼ + stars: | 2022-11-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

There's no shortage of ties between Wall Street and real estate. So it's only fitting that we'd highlight Insider's third-annual list of rising stars in real estate. The latter boils down to trying to use tech to automate and innovate a key, but sometimes costly, part of the business, something Wall Street is well versed in. There is Megan LeMense, 34, a former WeWorker who is thinking about the future of the office in her role at Raise Commercial Real Estate. BlockFi is the latest crypto firm caught up in the FTX debacle.

☆ Leon Black Is Accused in Lawsuit of Rape at Home of Jeffrey Epstein
▼ + stars: | 2022-11-28 | by ( Miriam Gottfried | Mark Maremont | ) www.wsj.com time to read: 1 min

Leon Black, at a 2015 conference in California, stepped down as Apollo’s chief executive and chairman last year. A woman sued Leon Black , alleging the billionaire co-founder of Apollo Global Management Inc. attacked and raped her in 2002 at the home of disgraced financier Jeffrey Epstein . In the suit, filed Monday in New York State Supreme Court, the woman, Cheri Pierson, alleges that Mr. Black raped her in a private suite in Epstein’s Manhattan mansion. Ms. Pierson says she entered the room believing she was going to give Mr. Black a massage in a meeting prearranged by Epstein.

☆ Crypto startup MoonPay hires Time president to lead its enterprise business
▼ + stars: | 2022-11-28 | by ( Riley De León | ) www.cnbc.com time to read: +7 min

In this article LTH Follow your favorite stocks CREATE FREE ACCOUNTKeith Grossman, Time president TIMEPieces Artist Jeremy CowartTime president Keith Grossman is leaving the legacy publisher to take on a new role as the president of enterprise at crypto startup MoonPay, effective December 31. Before his three-plus years at Time, Grossman had held leadership posts at major publishers including Bloomberg and Condé Nast-owned Wired. "I think it's important to separate a bad actor from an industry," Grossman said of the FTX fallout. Crypto's confidence crisisIn the 12 months since bitcoin topped out at over $68,000, the crypto industry, once valued at roughly $3 trillion, has fallen to around $900 billion. Enterprise adoption has been fueling this belief, with companies including Nike , McDonald's , Adidas and Starbucks launching their own NFT collections.

☆ Lawsuit alleges investor Leon Black raped a woman inside Jeffrey Epstein's home
▼ + stars: | 2022-11-28 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN Business —Billionaire investor Leon Black has been sued by a woman alleging he “brutal[ly]” raped her at Jeffrey Epstein’s Manhattan townhouse in spring 2002. Wigdor filed Pierson’s complaint Monday under New York’s Adult Survivors Act. The firm’s Doug Wigdor helped advocate for the new law, which was passed in May and went into effect last week. After that he called again and asked to see her, according to the complaint, but Pierson refused to see him again. In 2008, Epstein pled guilty in Florida to two felony offenses: procuring a person under the age of 18 for prostitution and solicitation of prostitution.

[1/2] Leon Black is pictured here in Beverly Hills, California, U.S. May 1, 2018. Pierson's lawsuit in a New York state court in Manhattan seeks unspecified damages from Black for sexual assault and intentional infliction of emotional distress, and from Epstein's estate for negligence. Her law firm Wigdor LLP also represents Guzel Ganieva, a former Russian model who in June 2021 sued Black for defamation, saying he falsely claimed she tried to extort him after accusing him of rape. In a Nov. 19 letter to the Wigdor firm, Estrich said: "Mr. Black never sexually assaulted anyone anywhere at any time." His former associate Ghislaine Maxwell is appealing her conviction and 20-year prison sentence for enabling Epstein's abuse of underage girls.

A defeat against Spain after Germany's shock 2-1 opening loss to Japan would have left Hansi Flick's men facing a huge challenge to get into the knockout phase. Spain coach Luis Enrique said he was left ruing his side's failure to hold on to their lead. Spain top the standings with four points and now need only a draw in their final Group E game against Japan to progress. They need to win against Costa Rica on Thursday and their hopes then depend on Japan losing. If Japan draw it would come down to goal difference or goals scored by Germany and Japan.

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