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☆ This Thanksgiving, Consider a Low-Alcohol Red Wine
▼ + stars: | 2022-11-11 | by ( Lettie Teague | ) www.wsj.com time to read: 1 min

EASY AS ABV For years, big red wines with walloping alcohol percentages to match were all the rage. I’VE SPENT a lot of time lately looking at numbers on wine bottles. I wasn’t examining them for prices or vintages but, rather, for alcohol content. My specific quarry: red wines under 13% alcohol by volume (ABV), a search inspired by readers’ requests for recommendations of low-alcohol reds. While the search wasn’t easy, the drinking proved to be when I found wines possessed of both maximum flavor and modest alcohol.

☆ What We Know—and Don’t Know—About Tether’s Books
▼ + stars: | 2022-11-11 | by ( Jonathan Weil | ) www.wsj.com time to read: 1 min

Tether, the world’s largest stablecoin, has surged in popularity in the past two years. Now that tether has broken the buck again, questions are swirling about whether the stablecoin can maintain investor confidence in the midst of the meltdown in the cryptocurrency market. Tether fell as low as 97.7 cents Thursday, according to CoinDesk, after which it quickly rebounded to its intended $1 peg. Paolo Ardoino , chief technology officer of Tether Holdings Ltd., said on Twitter that it had been processing redemptions with “no issues” and “we keep going.”

☆ How the same mistake led to thousands of layoffs across the Tech industry
▼ + stars: | 2022-11-11 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

Tech CEOs all made the same dumb mistake, and it's cost thousands of jobs. In his first remarks to Twitter employees, Musk said that the service's success is far from guaranteed and that bankruptcy is an option. Meta insiders say they have little to no visibility into who, exactly, got let go in the culling of 11,000 jobs. Shopping on social media is the wave of the future; just ask Elon Musk. Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom.

☆ This software stock could buck industry trends and rally 28%, Goldman Sachs says
▼ + stars: | 2022-11-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bentley Systems is expected to continue performing well as demand for civil engineering services bucks broader trends, Goldman Sachs says. Analyst Kash Rangan upgraded the stock to buy from neutral and upped his price target to $44, which implies an upside of 27.8% from Wednesday's close. He said Bentley is poised to outperform even in a "more turbulent economic environment." But Rangan thinks Bentley has a better trajectory, pointing to strong earnings this year, 99% account retention and 110% annual recurring revenue. Missing margin expectations could also hurt valuation given management's pledge to continue expanding by at least 100 basis points every year.

☆ A day of chaos brings Twitter closer to the brink
▼ + stars: | 2022-11-11 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

Washington CNN Business —Two weeks after Elon Musk completed his acquisition of Twitter, the future of the company has never looked less certain. “Quite the day!” Musk tweeted. In its latest reversal on the matter, Twitter said it would re-introduce a gray “Official” badge for select accounts to help confirm their identities. “Stick with the new Twitter that democratizes every tweet by paid accounts and puts the onus on all users to curate for themselves. “Twitter usage is at an all-time high,” Musk tweeted earlier this week, before adding in a follow-up tweet: “I just hope the servers don’t melt!”

TORONTO, Nov 11 (Reuters Breakingviews) - Some members of the shared economy are seeing a resurgence in the side hustle as inflation bites. People are becoming more interested in driving for Uber Technologies (UBER.N) and listing their abodes on Airbnb (ABNB.O) in order to make an extra buck. U.S. President Joe Biden last month proposed a new gig worker rule that could fundamentally change how companies classify their workers. But the shared economy seems to be holding up fine, even if the economy isn’t. Uber Technologies on Nov. 1 said revenue grew 72% year-on-year to $8.3 billion in the third quarter.

☆ Trump Org begins turning prosecution witnesses to their own advantage in 'politically motivated' tax-fraud case
▼ + stars: | 2022-11-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

"I just felt this was politically motivated," McConney told jurors on Thursday of how prosecutors treated him before he decided to stop cooperating. Mazars severed ties with the Trump Organization in February after publicly questioning "discrepancies" in the Trump Organization's finances. Steinglass also elicited more testimony from McConney on what the prosecutor called a 2017 "clean up" of the company's books. "Nobody told me specifically," McConney said, "that this change was because Mr. Trump became President Trump. Prosecutors must prove that Trump's company was in on Weisselberg's admitted tax-fraud efforts.

"We can now show that a meaningful pipeline of investible opportunities does exist across the economies that need finance most," Mahmoud Mohieldin, one of the U.N. appointed experts, known as U.N. After a year of meetings with stakeholders around the world, they released the initial list so that banks and others can assess the projects. "We now need a creative collaboration between project developers and public, private and concessionary finance, to unlock this investment potential and turn assets into flows," said Mohieldin, High-Level Champion for COP27. For daily comprehensive coverage on COP27 in your inbox, sign up for the Reuters Sustainable Switch newsletter. Reporting by Simon Jessop and Kate Abnett; Editing by Katy Daigle and Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk Tries to Convince Wary Advertisers to Stay on Twitter
▼ + stars: | 2022-11-09 | by ( Patrick Coffee | ) www.wsj.com time to read: +6 min

That prompted Mr. Musk to say there has been a “massive drop in revenue” in a tweet last Friday. “I understand if people want to, you know, give it a minute and see how things are evolving,” Mr. Musk said. “Obviously Twitter cannot be simply some extension of me, because then anyone who doesn’t agree with me will be put off,” Mr. Musk said. Other potential new features include letting verified subscribers post high-quality videos that are up to several hours long, according to Mr. Musk. Twitter’s pivot toward subscriptions and e-commerce could also help minimize trolls and fake accounts, according to Mr. Musk.

"We can now show that a meaningful pipeline of investible opportunities does exist across the economies that need finance most," Mahmoud Mohieldin, one of the U.N. appointed experts, known as U.N. After a year of meetings with stakeholders around the world, they released the initial list so that banks and others can assess the projects. "We now need a creative collaboration between project developers and public, private and concessionary finance, to unlock this investment potential and turn assets into flows," said Mohieldin, High-Level Champion for COP27. World Bank President David Malpass addressed delegates on Wednesday, running through the bank's climate efforts and involvement in a partnership under which Western nations would provide $8.5 billion to South Africa for its energy transition. For daily comprehensive coverage on COP27 in your inbox, sign up for the Reuters Sustainable Switch newsletter.

Democrats bucked dire forecasts in national races, clinched governors' races in states seen as crucial to the next election in 2024, and passed left-leaning measures like codifying abortion rights in Michigan. "Amazing," said one stunned Biden aide as results results trickled in at the White House overnight. Donald Trump saw Republicans lose 40 House seats in his first midterms, and Barack Obama more than 60. Aides and allies believe his efforts to cast the election in terms of abortion rights, right-wing political extremism and healthcare staved off a Republican "wave." While Republicans cited high inflation and crime as top voting issues, Democrats said they were more motivated by abortion rights and gun violence, exit polls show.

☆ Live Results: Democratic Sen. Michael Bennet of Colorado, a low-key moderate who once ran for president, faces off against first-timer Joe O'Dea in a surprise battleground
▼ + stars: | 2022-11-09 | by ( Warren Rojas | ) www.businessinsider.com time to read: +6 min

Sen. Michael Bennet is running against Republican Joe O'Dea in Colorado's US Senate race. CO-08CO-07 House Governor Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Democratic Sen. Michael Bennet of Colorado faces off against first-time Republican candidate Joe O'Dea in a surprise battleground. No fan of the current president, O'Dea added that "seeing a Biden-Trump rematch again in 2024 would rip the country apart." His opponent, O'Dea, has raised $7.3 million, spent $6.8 million, and has $469,354 of cash still left to spend, as of October 19.

“We’ve got to unite,” Oz said at a rally Friday in Wexford, a suburb north of Pittsburgh. Democrats see his message as blatant hypocrisy considering he is backed by former President Donald Trump and has campaigned with him. “Uhhhh will he refuse to campaign with Mastriano + Trump this weekend then?? He has mostly kept Mastriano at arm’s length while rarely mentioning Trump, instead focusing on crime, inflation and undocumented immigration. “As much as I loved Trump as president, he’s pushed the other party so far away.”

☆ Markets will rally into year-end, says Morgan Stanley's Slimmon, who names 3 stocks to buy
▼ + stars: | 2022-11-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The market will rally into the year end, but it won't be led by mega-cap tech stocks, according to Morgan Stanley's Andrew Slimmon. He added that these Big Tech stocks "floated right through" the 2008 global financial crisis because they were still gaining market share. He noted that this time, the bounce has been led by value stocks, while growth stocks drove the summer rally. The outperformance in value stocks has been pretty broad, covering energy, financials and industrials, he said. "While early, we think it makes sense to begin to nibble on early-cycle stocks ... consumer discretionary names that have been crushed," Slimmon added.

☆ Oath Oath Keepers founder used money donated to the far-right group for holiday travel and personal expenses: January 6 trial
▼ + stars: | 2022-11-07 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +6 min

Rakoczy then pressed him, asking if he'd tapped into Oath Keepers funds "quite a bit" to cover personal expenses. Rhodes, who remained outside the Capitol, testified that he thought it was "stupid" for Oath Keepers members to enter the building. From the Oath Keepers' founding, the group was focused on "forceful opposition to the government, isn't that right?" In her questioning, she also noted that the Oath Keepers provided ammunition for AR-15 rifles during the 2014 standoff at the Bundy Ranch. For Rakoczy, Rhodes' preferred image of the Oath Keepers was belied by his own messages with fellow members.

☆ How does the president's party fare in the midterms?
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +3 min

The last five presidents have been elected with party control of the House and Senate, and four of them lost that control in the following midterm. Tallied up, 13 of the last 19 midterms saw losses in both chambers for the party in power. When looking at only the Senate midterms, the president’s party again shows consistent loss in recent decades. But the party in power gains and loses Senate seats like the House does, especially between presidential elections. Green arrows show gains for the president’s party while yellow arrows show losses.

☆ Obama ripped into Dr. Oz's history of bogus medical claims while campaigning for Fetterman, calling him a 'snake oil' salesman
▼ + stars: | 2022-11-06 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Former President Barack Obama campaigned for John Fetterman in Pennsylvania on Saturday. He said if Oz would "peddle snake oil" to make money, then he'd do it to get elected. Obama was in Pittsburgh campaigning for Oz's Democratic opponent, Pennsylvania Lt. Gov. "If somebody is willing to peddle snake oil to make a buck, then he's probably willing to sell snake oil to get elected," Obama said. Obama was campaigning for Fetterman — whose speech has been impacted by a stroke he had in May — ahead of the election on Tuesday.

☆ Biden predicts Democrat midterms win, says economy improving
▼ + stars: | 2022-11-04 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +3 min

At Viasat, Biden said the government's latest jobs report showing the U.S. economy added 261,000 jobs last month was a sign of progress. "Folks, our economy continues to grow and add jobs even as gasoline prices continue to come down," he said. The party in the White House historically loses control of Congress during the first half of a new president's term. I feel really good about our chances," he said, adding Democrats have a good chance of winning the House of Representatives. Biden has also warned of what Democrats say are the dangers that Republicans backed by former President Donald Trump pose to U.S. democracy.

☆ Ohio Republicans focused on winning a battleground Senate race still find things to admire in Tim Ryan just days before the crucial midterm elections
▼ + stars: | 2022-11-04 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Senate hopefuls JD Vance and Tim Ryan are making their closing pitches to Ohio voters. Some Buckeye State Republicans give Democrat Ryan points for his fighting spirit. Ohio Senate hopeful JD Vance mingles with local Republicans during Ohio GOP's bus tour stop in Zanesville, Ohio. She can't say the same for Vance, who Drenan claims waffled about abortion in his final debate with Ryan. "That's how dissatisfied I am with Republicans right now."

☆ Dollar stores getting penny-wise
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Nov 2 (Reuters Breakingviews) - Dollar stores are fighting to retain pricing power, but a new lawsuit suggests it might get tougher. Ohio Attorney General David Yost sued Dollar General (DG.N) on Tuesday for deceptive practices after some customers complained about coughing up $2 on occasion rather than a buck. For now, raising prices at $57 billion Dollar General seems to be working. Such stores certainly have in the past as consumers seek cheaper options. Unlike in previous economic slumps, where dollar stores could shrink the size of, say, a bag of chips and stick with the $1 price tag, charging more now could mean that products already have been fully condensed.

☆ 5 weapons that have allowed Ukrainian troops to turn the tables on Russia's military
▼ + stars: | 2022-11-02 | by ( Peter Suciu | ) www.businessinsider.com time to read: +6 min

Since Moscow attacked in February, Ukrainian troops have halted and pushed back Russian forces. FGM-148 JavelinA soldier with a Javelin anti-tank missile in a Ukrainian Independence Day parade in Kyiv in 2018. T-72 main battle tankUkrainians load a Russian T-72 onto a truck outside the town of Izyum on September 24. However, it has been Moscow that has inadvertently provided scores of the T-72 to Ukraine — as Russian tank crews have abandoned their tanks. REUTERS/Gleb GaranichAnother weapon that has been seen as critical in the Ukrainian war effort is the lightweight M777 155mm howitzer.

☆ PETA: Animal rights organization criticizes trainer for parading racehorse in pub
▼ + stars: | 2022-11-02 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —A leading animal rights organization has criticized an Irish racehorse trainer for parading his winning steed in a pub earlier this week. On Monday, John “Shark” Hanlon posted a video on Twitter of him leading US Grand National winner Hewick into a pub as part of the horse’s homecoming celebrations. Hewick had won the lucrative race – with a prize purse of $500,000 – in New Jersey on October 15 before returning to Ireland. The video shows Hanlon walking into the busy pub with the seven-year-old horse before customers fell quiet and started taking pictures. The horse is now demanding respect across Europe and is being lined up for some big races next year, including the UK Grand National and Cheltenham Gold Cup.

Nov 1 (Reuters) - Dollar General Corp (DG.N), one of the largest U.S. discount retailers, was sued on Tuesday by Ohio, which accused the company of charging shoppers more at the register than it advertised on store shelves. Dave Yost, the state's attorney general, said Ohio lets stores have error rates on overcharges as high as 2% but that testing last month at 20 Dollar General stores found error rates ranging from 16.7% to 88.2%. "This seems like a company trying to make an extra buck and hoping no one will notice," Yost said in a statement. Dollar General did not immediately respond to a request for comment. Reporting by Jonathan Stempel in New York; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ I bonds vs. TIPS: Getting the most bang for the buck
▼ + stars: | 2022-11-01 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI bonds vs. TIPS: Getting the most bang for the buckThe Treasury Department is set to announce the new rate for I bonds on Tuesday following a surge in purchases last week. CNBC's Sharon Epperson joins 'Squawk Box' with the details.

☆ Democratic Sen. Michael Bennet of Colorado, a low-key moderate who once ran for president, faces off against first-timer Joe O'Dea in a surprise battleground
▼ + stars: | 2022-10-31 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Sen. Michael Bennet is running against Republican Joe O'Dea in Colorado's US Senate race. Colorado, which Joe Biden won by double digits in 2020, is an unexpected battleground. No fan of the current president, O'Dea added that "seeing a Biden-Trump rematch again in 2024 would rip the country apart." Bennet won 48.1% of the vote when he ran in 2010 for his own term — less than 2 percentage points ahead of Republican challenger Ken Buck. Joe Biden carried Colorado by 13 points in 2020, beating then-President Donald Trump there by more than 400,000 votes.

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