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As the influencer industry continues to grow, so does the demand for talent managers and agents. Managers and agents help creators make money and choose which business opportunities to pursue. Like traditional stars, creators have built up teams with managers and agents to help them expand and run their businesses, and those supporting players have raced to sign the next generation of stars. "I felt that most brands were not seeing the value of diverse creators and the audiences they serve. Some influencers have both a talent manager and an agent.

☆ What we lend in the shadows
▼ + stars: | 2023-03-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

"What We Do in the Shadows." New companies, especially ones that don't make any money are "pre-revenue," as VCs like to say, aren't easy to lend to. — there are also risks to letting investment firms lend billions of dollars without much oversight. Private-credit firms are looking to fill the lending gap left by Silicon Valley Bank's downfall. Inside Silicon Valley Bank's $70 billion loan portfolio that's now up for grabs.

☆ Two former SEC and Treasury officials discuss the Justice Department's SVB investigation
▼ + stars: | 2023-03-15 | 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 EmailTwo former SEC and Treasury officials discuss the Justice Department's SVB investigationJacob Frenkel, Dickinson Wright Partner and Fmr. SEC Division of Enforcement Sr. Counsel Member, and Chris Campbell, Kroll Chief Strategist and Fmr. Assistant Secretary of the US Treasury for Financial Institutions, weigh in on the federal investigation into Silicon Valley Bank.

☆ Exodus of healthcare workers from poor countries worsening, WHO says
▼ + stars: | 2023-03-14 | by ( Emma Farge | ) www.reuters.com time to read: +2 min

REUTERS/Baz RatnerGENEVA, March 14 (Reuters) - Poorer countries are increasingly losing healthcare workers to wealthier ones as the latter seek to shore up their own staff losses from the COVID-19 pandemic, sometimes through active recruitment, the World Health Organization said on Tuesday. "Health workers are the backbone of every health system, and yet 55 countries with some of the world's most fragile health systems do not have enough and many are losing their health workers to international migration," said Tedros Adhanom Ghebreyesus, the WHO director-general. He was referring to a new WHO list of vulnerable countries which has added eight extra states since it was last published in 2020. Some 115,000 healthcare workers died from COVID around the world during the pandemic but many more left their professions due to burnout and depression, he said. Asked which countries were attracting more workers, he said wealthy OECD countries and Gulf states but added that competition between African countries had also intensified.

☆ How shadow bankers are already emerging as winners in the SVB collapse
▼ + stars: | 2023-03-14 | by ( Rebecca Ungarino | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

But the momentum already behind the secretive private credit space has picked up — fast. He was witnessing a new willingness from borrowers to turn first to private credit, a market that has grown yet generally remains more opaque than its public-market counterparts. "Borrowers used to look at these banks and say, 'Look, the banks, they've been around forever. The private lenders say that privacy is all part of the pitch. Money managers smell opportunityThe momentum already behind the secretive private credit space has gained steam as the SVB collapse pushes companies to consider alternate sources of debt and, on the other side, private credit managers seek out new targets.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, First Republic, Charles Schwab, Match & more
▼ + stars: | 2023-03-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates PNC as overweight Wells said PNC should benefit from a "flight to quality." Deutsche Bank reiterates Charles Schwab as buy Deutsche said liquidity risks for Charles Schwab are overblown. Wells Fargo reiterates Western Alliance Bancorp as overweight Wells said it's standing by shares of the regional bank. Wells Fargo reiterates American Express as overweight Wells said investors should buy the dip in American Express shares. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating on shares of Amazon.

☆ Buy the dip in American Express shares, Wells Fargo says
▼ + stars: | 2023-03-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

American Express is showing "strength in uncertain times," according to Wells Fargo, which is confident in the stock following an investor meeting with Chairman and CEO Stephen Squeri and Chief Financial Officer Jeff Campbell. Fandetti maintained his overweight rating on American Express, and reiterated his price target of $200 per share, implying 27% upside from Monday's close. He added that despite the "turmoil" in U.S. banking following the failure of SVB and Signature Bank that spurred a broad selloff in financial stocks, American Express was confident in its business outlook. Wells Fargo believes that American Express' advantage around small and premium business customers is strengthening, making it more difficult for its competitors to catch up. American Express shares were up 1.8% on Tuesday before the market open.

☆ A conservative commentator who sexually harassed AOC is suing her for blocking him on Twitter
▼ + stars: | 2023-03-13 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

The lawsuit also provides a screenshot from Stein's account showing that he was blocked. Stein's lawyer requests that he immediately be unblocked from the @AOC Twitter account, Ocasio-Cortez' personal account, which the suit describes as her de facto "official" account. "Mr. Stein desires to engage in political discussions in the robust public forum that is Ms. Cortez's huge Twitter account," Stein's lawyer wrote. Following the harassment from Stein, Ocasio-Cortez called the incident "deeply disgusting" and said Stein was "seeking extremist fame." However, she said in 2019 that she would not stop blocking people on her personal @AOC account and she stood by her decision.

☆ BBC engulfed in an impartiality storm of its own making
▼ + stars: | 2023-03-13 | by ( Rob Picheta | ) edition.cnn.com time to read: +12 min

“There is a long-established precedent in the BBC that if you’re an entertainment presenter or you’re a football presenter, then you are not bound by those same rules” on impartiality, former director-general Greg Dyke told BBC Radio 4 over the weekend. BBC Director General Tim Davie has made protecting impartiality one of his major priorities. Oli Scarff/AFP/Getty ImagesMore problematic still is that the same thorny questions about impartiality extend to the BBC’s leadership. “It’s a mess, isn’t it?” former BBC executive Peter Salmon told the cooperation’s flagship political presenter Laura Kuenssberg on Sunday. “He’s got views, he’s got passions … it may be that Gary has outgrown the job, and his role in the BBC.”

☆ Goldman Sachs tried to help SVB. It didn't work. Here's what happened.
▼ + stars: | 2023-03-11 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +6 min

Goldman helped set up a stock offering ahead of a credit rating downgrade. Late last week, its parent company, SVB Financial Group, turned to Goldman Sachs to help it navigate a difficult situation. It was a rare miss for Goldman Sachs and raises questions about whether the investment bank provided poor advice. Before the following day, SVB's stock continued declining. And it was left to Centerview, a boutique mergers advisor, and not Goldman, to help the bank pick up the pieces.

☆ Campbell Soup Sales Rise 12%
▼ + stars: | 2023-03-09 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Campbell Soup Co. translated higher prices into double-digit sales growth and raised its outlook for the second consecutive quarter, anticipating that consumers will continue turning to its products as they tighten their budgets and pull back on spending elsewhere. The soup and snack maker said sales rose 12% to $2.49 billion for the quarter ended Jan. 29, topping analyst expectations as prices jumped 14% while volumes slipped 2%.

☆ Campbell Soup lifts annual sales forecast on robust snack demand
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +2 min

March 8 (Reuters) - Campbell Soup Co (CPB.N) raised its annual sales forecast on Wednesday, betting on higher prices, improved supply and strong demand for its packaged meals and snacks. Shares of the Prego pasta sauces maker rose about 2% in premarket trading after it also topped market estimates for quarterly sales. Organic net sales in Campbell's snacks division, which represents roughly half of its portfolio, jumped 15% in the second quarter, fueled by robust demand for its brands including Goldfish crackers, Cape Cod potato chips and Pepperidge Farm cookies. The company's net sales rose to $2.49 billion in the quarter ended Jan. 29, from $2.21 billion a year earlier, compared to analysts' average estimate of $2.44 billion in Refinitiv IBES data. The Camden, New Jersey-based soup maker said it expected net sales to rise between 8.5% and 10% in fiscal 2023, compared with its previous forecast of 7% to 9% growth.

☆ Campbell Soup lifts sales outlook as Americans keep snacking
▼ + stars: | 2023-03-08 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Though stretched thin amid increasing prices, Americans are still snacking on Campbell's cookies and salty snacks while a continued preference for cooking at home has further bolstered demand. While U.S. soup sales rose 7% in the second quarter, Campbell is facing growing competition from cheaper private-label counterparts for soups and broth. New Jersey-based Campbell expects fiscal 2023 net sales to rise between 8.5% and 10%, up from its previous forecast of 7% to 9%. It also projected annual adjusted earnings of $2.95 to $3.00 per share, compared with a prior target of $2.90 to $3.00. Reporting by Deborah Sophia in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Breathtaking Powell jolts
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +5 min

Rate markets are still scrambling to re-set and even the White House seemed taken aback by what it hoped would not be an overreaction to the surprisingly robust start to the new year. "But we're dealing with one month of data and people need to sit back and take a breath." The frenetic activity saw the measure of implied Treasury market volatility (.MOVE) jump to its highest level this year. Sterling , the Japanese yen , China's yuan and both the Australian and Canadian dollars all hit their lowest levels of 2023. * Bank of Canada policy decision* U.S. Federal Reserve Chair Jerome Powell testifies to House Financial Services Committee.

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday: Powell Day 2, strong jobs
▼ + stars: | 2023-03-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Barclays raises price target on Zillow (Z) to $30 per share from $24 but keeps underweight (sell) rating. Industrial gas and engineering giant Linde (LIN) gets another price target boost: UBS goes to $410 per share from $375. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Ken Griffin just keeps winning
▼ + stars: | 2023-03-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

No, 4.1 billion represents the number of dollars Ken Griffin made from his hedge fund, Citadel, in 2022 alone. Griffin made more money in one hour than the average American makes in their lifetime! Oh, and one more thing: That's not even all the money Griffin earned in 2022! I've said before you could make the case for Griffin being the most powerful person on Wall Street. And check out this fascinating profile from Insider's Dakin Campbell on Ken Griffin.

☆ Apple backs new music startup
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

March 8 (Reuters) - Apple Inc (AAPL.O) is backing a music startup launched by one of its former executives. The company, called Gamma, is the brainchild of former Apple Music Global Creative Director Larry Jackson and veteran music executive Ike Youssef. "The artists shaping today's culture not only create music, but also video, film, podcasts, fashion, and more," Jackson said in a statement Wednesday. It also plans to collaborate with Todd Boehly's Eldridge, whose investments include the Los Angeles Dodgers, which is a major backer. Reporting by Dawn Chmielewski in Los Angeles; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Supreme Court's decision on Biden's student loan forgiveness plan may hinge on Justice Amy Coney Barrett
▼ + stars: | 2023-03-08 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

The fate of the Biden administration's sweeping plan to cancel $400 billion in student loan debt for tens of millions of Americans may hinge on the newest conservative member of the Supreme Court: Justice Amy Coney Barrett. Barrett was the conservative justice who seemed the most unconvinced by the plaintiffs challenging student loan forgiveness, said Jed Shugerman, a law professor at Fordham University. Specifically, Shugerman said, Barrett didn't seem to agree that they'd proven they have standing to sue. "Barrett was vocally and deeply uncomfortable about ruling that any of the plaintiffs had standing," Shugerman said. More from Personal Finance:Why Social Security retirement age, payroll tax may changeExperts argue Social Security retirement age shouldn't pass 67Return on waiting to claim Social Security is 'huge'As a rule, plaintiffs must prove that a policy would cause them injury in order to challenge it in the courts.

☆ Biden proposes stricter limits on toxic wastewater from coal plants
▼ + stars: | 2023-03-08 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

McNally as it passes Mitchell Power Plant, a coal-fired power-plant operated by American Electric Power (AEP), on the Ohio River in Moundsville, West Virginia. The Environmental Protection Agency on Wednesday proposed stricter limits on how coal-fired power plants dispose of wastewater containing pollutants like arsenic and mercury, which have contaminated the country's rivers, lakes, streams and underground aquifers. In 2021, the Biden administration said it was kicking off a new rulemaking process to reverse the wastewater rollback and would unveil new requirements on wastewater by next fall. Meanwhile, many coal plants were allowed to dispose of toxic wastewater into waterways as the agency drafted new limits. "EPA's proposed science-based limits will reduce water contamination from coal-fired power plants and help deliver clean air, clean water, and healthy land for all."

☆ Bank of America sees this chipmaker rallying more than 25% as electric vehicle demand grows
▼ + stars: | 2023-03-08 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

On Semiconductor is a top chip stock for autos that could jump more than 25%, Bank of America said. This was in addition to news that On Semiconductor signed a long-term electric vehicle supply deal with BMW. "This win complements ON's other notable wins at Tesla, Mercedes, Jaguar Land Rover, VW, Hyundai, and Nio," Arya wrote in a Tuesday note. On Semiconductor shares are more than 26% higher in 2023, after also outperforming last year in spite of an 8% drop. "We expect ON to maintain/expand its 25-30% CY23E SiC device mkt share, while also benefitting from its leadership in image sensors for advanced driver assist systems," Arya wrote.

☆ Stocks making the biggest moves midday: Stitch Fix, Tesla, WeWork, Campbell Soup and more
▼ + stars: | 2023-03-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

United Natural Foods — The organic food company tumbled 27% after posting earnings for its fiscal second quarter that missed analyst expectations. Stitch Fix — The styling company saw shares drop 10% after it reported weaker-than-expected revenue for the latest quarter as well as a wider-than-forecast loss. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few trades on Friday, Monday and Tuesday, bumping Berkshire's ownership to 22.2%. Campbell Soup Company — Campbell Soup saw shares rise nearly 2% after its fiscal second quarter earnings, revenue and margins beat analysts' expectations. The company's revenue also topped expectations, coming in at $637 million compared to $625 million anticipated by Refinitiv analysts.

☆ PwC hit with $8.9 million penalty for 'serious breaches' on Babcock audits
▼ + stars: | 2023-03-08 | by ( Iain Withers | ) www.reuters.com time to read: +2 min

LONDON, March 8 (Reuters) - Britain's auditing watchdog has imposed a 7.5 million pound ($8.9 million) penalty on PwC for "serious breaches" found in audits of engineer Babcock International (BAB.L), the regulator said on Wednesday. The fine was discounted by 25% to 5.6 million pounds due to early resolution, the regulator said. The FRC said breaches identified on PwC's audits of Babcock included repeated failures to challenge management and obtain sufficient appropriate evidence. Two PwC partners - Nicholas Campbell Lambert and Heather Ancient - were also fined 200,000 pounds and 65,000 respectively, discounted to 150,000 pounds and 48,750 pounds respectively. The FRC's investigation into PwC's statutory audits of the Babcock group financial statements for 2019 and 2020 is ongoing.

☆ Three-Stock Lunch: Apple, CrowdStrike, and Campbell Soup
▼ + stars: | 2023-03-08 | 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: Apple, CrowdStrike, and Campbell SoupDelano Saporu, founder and CEO of New Street Advisors, joins 'Power Lunch' to discuss three stocks in the green despite today's down session.

☆ More pain for the crypto industry means a chance for startups to pivot
▼ + stars: | 2023-03-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

After an awful 2022 that saw one of the industry's high-profile figures implode, the crypto market is looking for a bounceback. McDermott laid out to Insider's Bianca Chan and Dakin Campbell how tough times for crypto startups mean more realistic valuations and, in some cases, a reevaluation of the business model. Once of the most common critiques I hear about crypto is "It's a solution looking for a problem." The most recent crypto winter could force startups to be a bit more pragmatic about the specific problem they are looking to address. "If you can solve fraud in crypto, you can solve fraud in basically any part of finance," Meier told Insider.

☆ 2 no annual fee Chase Ink Business credit cards bonuses (worth potentially $1,800 in travel) are ending in a couple weeks
▼ + stars: | 2023-03-06 | by ( Tessa Campbell | Personal Finance Reviews Fellow | Read More | ) www.businessinsider.com time to read: +21 min

Despite being framed as cash-back credit cards, the Ink Business Unlimited® Credit Card and the Ink Business Cash® Credit Card actually earn valuable Chase Ultimate Rewards points. Otherwise, if you've previously contemplated opening the Ink Business Unlimited® Credit Card or Ink Business Cash® Credit Card, you need some urgency in your application plans. Compare Chase Ink Business credit cards Ink Business Unlimited® Credit CardInk Business Cash® Credit CardInk Business Preferred® Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chase Ink Cash vs Ink Unlimited: Side-by-side comparisonIf you're having trouble deciding between the Chase Ink cards, be sure to check out our comparison of the Chase Ink Business Cash and Ink Business Unlimited for a closer look at each card's features and benefits. However, Chase cards, including the Ink Business Unlimited® Credit Card and Ink Business Cash® Credit Card, fall under what's commonly known as the Chase 5/24 rule.

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