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☆ Japan says economy in modest recovery, caution over global slowdown
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Feb 21 (Reuters) - Japan kept its assessment of the economy unchanged in February as consumer spending remained on a recovery trend despite soft exports and factory output due to the global economic slowdown. The government also retained its caution over the impact of global monetary tightening, price hikes and supply constraint in its monthly report. The new economic assessment comes after data last week showed Japan's economy averted recession but rebounded much less than expected in the fourth quarter last year as business investment slumped. "The economy is picking up moderately, although some weakness is seen recently," the Cabinet Office said in its monthly economic assessment, which was unchanged from January. The Cabinet Office said recovery in Japan's factory output was "stalling" in the latest report.

☆ Seen Big Ben already? Here's a Londoner's guide to visiting other parts of the city
▼ + stars: | 2023-02-15 | by ( Lucy Handley | ) www.cnbc.com time to read: +11 min

Central London's City of Westminster is its political heart, while the City of London is where the capital's financial decisions happen. But be warned: Several paths across Hyde Park are pedestrian-only, and police often fine people who cycle on them. The City of London is a blend of old and new, with St Paul's Cathedral close to skyscrapers as well as Roman ruins. While north London has Hampstead Heath, south of the river is Richmond Park, which dwarfs its northern counterpart in size. There's also a branch in central London's Covent Garden — the flower-filled restaurant The Petersham — that has an sit-down deli and bar.

☆ Jason Miller returns as Trump advisor for campaign struggling to generate much excitement compared to 2016
▼ + stars: | 2023-02-10 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Jason Miller will advise Donald Trump on the strategy of his 2024 presidential bid. He previously left the Trump campaign to become CEO of the right-wing social media platform Gettr. Miller is joining a team that is struggling to generate the same excitement as past campaigns. "It was always a matter of when and not if I returned to help re-elect President Trump in 2024," Miller said in a statement, per Politico. Former Trump White House press aide Sarah Matthews described the campaign launch in a tweet as "low-energy" and "uninspiring."

☆ Penn's sports betting business posts head-turning fourth quarter profit
▼ + stars: | 2023-02-02 | by ( Contessa Brewer | ) www.cnbc.com time to read: +3 min

Penn Entertainment on Thursday became the first U.S. gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it's tougher to turn a sportsbook profit during the third and fourth quarters because companies spend more on marketing and promotions during football season. Penn's interactive business, which also includes online casino games, made a $5.2 million profit on $208 million in revenue during the fourth quarter of 2022. Caesars also took a hit from Mattress Mack's baseball bet, which blocked its own ability to turn a profit in sports betting in the fourth quarter, according to results pre-released as a result of a debt refinancing. Still shares declined Thursday, after CEO Jay Snowden, on an earnings call, blamed overall lackluster fourth quarter earnings on bad weather in December.

☆ Credit Suisse's stock chief says investors are piling into all the wrong sectors as they anticipate a recession that won't come. He shares 3 areas of the market will deliver the best returns instead.
▼ + stars: | 2023-01-25 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

As such, the Credit Suisse stock chief thinks investors are looking to the wrong sectors for returns. The consumer discretionary, industrials, and energy sectors are the best places to be, he said. 3 places to invest for a non-recessionary scenarioInstead of defensive sectors, three areas of the market Golub is overweight on include the consumer discretionary sector, the industrials sector, and the energy sector. When it comes to industrials, Golub said there is a "re-stocking" happening, and that supply chains are easing. The Energy Select Sector SPDR Fund (XLE) is one way to gain exposure to the energy sector.

☆ WRAPUP Soccer-Liverpool and Chelsea play out stalemate, Everton woes continue
▼ + stars: | 2023-01-21 | by ( Peter Hall | ) www.reuters.com time to read: +4 min

All three sides are nine points off the top four, with Chelsea having played 20 games to Liverpool and Brentford's 19 apiece. Chelsea are now without a win in their last six league games on the road, their longest comparable run in the competition since September-December 2015. "We defended in the second half with passion and clear organisation, but we were too deep in these moments. Everton offered little in attack, with away supporters again calling for the club's board to resign throughout the clash. They have collected just 15 points from their 20 league this season -- their fewest points won after 20 games of any league campaign in their history.

☆ Liverpool and Chelsea play out stalemate, Everton woes continue
▼ + stars: | 2023-01-21 | by ( Peter Hall | ) www.reuters.com time to read: +4 min

All three sides are nine points off the top four, with Chelsea having played 20 games to Liverpool and Brentford's 19 apiece. Liverpool have failed to win any of their last three league games, while it is the first time they have failed to score in consecutive matches in the competition since March 2021. Chelsea are now without a win in their last six league games on the road, their longest comparable run in the competition since September-December 2015. They have collected just 15 points from their 20 league this season -- their fewest points won after 20 games of any league campaign in their history. They have 39 points and are third on goal difference ahead of Manchester United, who play leaders Arsenal on Sunday.

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☆ Why Paid Sabbaticals Are Good for Business: Better Employees, Less Burnout
▼ + stars: | 2023-01-09 | by ( Crissie Hoskins | ) www.businessinsider.com time to read: +10 min

And through it all, I didn't get fired, there was no formal reprimand, and I got paid the entire time. Sabbaticals provide a proactive hedge against employee burnout, an antidote for attrition, and a protection from career wanderlust. Some employers argue that offering paid time off won't help keep employees around, but my sabbatical made me more passionate about my work — and my workplace — than ever. I love my job and want to be sure my team and clients get the best of me. Sabbaticals are good for businessMy sabbatical wasn't an anomaly — research shows that sabbaticals help employees fight burnout and improve their well-being.

☆ Fernandes double fires perfect Portugal through to World Cup last 16
▼ + stars: | 2022-11-28 | by ( Martin Petty | ) www.reuters.com time to read: +5 min

For a Portugal whose World Cup narrative has so far been crafted by the controversy and brilliance of Cristiano Ronaldo, the night belonged to Fernandes, who shone throughout and always looked threatening. The win was the third time at a World Cup that Portugal have won two successive group stage matches, and the previous two times led to streaks into the semi-finals. Fernandes played down talk of his starring role and said his focus was the next match against South Korea and getting a perfect nine points for Portugal. "Our objective is to think match after match and we have to do our best because we obviously want to win all the matches." Portugal were dangerous on the approach and controlled both flanks, with Bernardo Silva, Fernandes and an industrious Joao Felix combining well and each frustrated in their efforts to put Portugal ahead.

That's the relatively simple origin story behind Liquid Death, the ironically named canned water brand that Cessario trademarked in 2017 and officially launched two years later. Collectively, investors have pumped about $195 million into Liquid Death, valuing the brand at $700 million, Cessario said. Liquid Death.' To prove Liquid Death was a viable brand, Cessario took a 3D rendering of his can design and created a Facebook page in 2018 to make Liquid Death look like a legitimate product. People contacted the Facebook page to ask where they could buy Liquid Death.

☆ Trump is 'incapable of winning elections' and gave an 'uninspiring' 2024 announcement, his former defense secretary Mark Esper says
▼ + stars: | 2022-11-16 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +3 min

Ex-Defense Secretary Mark Esper said Trump's "unfit for office" and "can't win elections." The comments came after Trump announced a 2024 presidential bid on Tuesday evening. Esper echoed that sentiment on Wednesday, telling CNN, "The election last week was an example of Donald Trump is incapable of winning elections." "I think if you want to govern, if you want to govern consistent with conservative principles, then you have to win elections," he said. "And Donald Trump can't win elections."

☆ U.S. natgas falls 4% to 3-mth low on mild weather, global price collapse
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +4 min

Oct 18 (Reuters) - U.S. natural gas futures fell about 4% on Tuesday to a three-month low as oil and European gas prices dropped and forecasters called for milder U.S. weather over the next two weeks. U.S. gas prices have been declining for eight weeks as record domestic output and reduced liquefied natural gas (LNG) exports have allowed utilities to inject much more gas than usual into storage. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe. With milder weather coming, Refinitiv projected average U.S. gas demand, including exports, would fall from 101.0 bcfd this week to 95.9 bcfd next week. U.S. LNG exports, however, could start to rise this week if Cove Point returns to service as some traders expect.

The world should mourn the loss of Angela Lansbury, a gifted actress who died this week at 96 after a career of more than seven decades. Angela Lansbury stars as mystery writer and crime solver Jessica Fletcher on the CBS television series "Murder, She Wrote" in 1990. “Murder, She Wrote,” however, featured not only a woman, but an older one at that. I remember well Lansbury’s character, with her constant bike riding and quick mind. While I’m sorry that Lansbury is no longer with us, I’m glad that the era of “Murder, She Wrote” has passed.

☆ Tucker Carlson hosts Tulsi Gabbard after she quits the Democratic Party. Good riddance.
▼ + stars: | 2022-10-12 | by ( Max Burns | Max Burns Is A Democratic Strategist | Founder Of Third Degree Strategies. Find Him On Twitter | ) www.nbcnews.com time to read: +7 min

Just three years ago, then-Hawaii Rep. Tulsi Gabbard stood on the Democratic presidential debate stage and pitched herself as a leader committed to moving the party forward. That Gabbard is tough to square with the bitter also-ran who told the world on Twitter on Tuesday morning that she was officially leaving the Democratic Party. Gabbard’s minute-long good riddance video might have been a bigger media surprise had she not spent much of the last two years savaging the Democratic Party and drifting relentlessly rightward. Pennsylvania state Rep. Malcolm Kenyatta was more succinct in his snark, tweeting, “Wait, Tulsi Gabbard was a Democrat?”Gabbard’s reasons for leaving read like a typical Tucker Carlson monologue. On Wednesday, just a day after announcing her departure from the Democratic Party, Gabbard announced the launch of “The Tulsi Gabbard Show” on Apple Podcasts.

☆ World Cup Worries Mount for U.S. as Time Runs Out
▼ + stars: | 2022-09-28 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

Seven weeks from now, the U.S. men’s national team will land in Qatar to make its first appearance at a World Cup in eight years. The simple act of qualifying for the tournament was enough to exorcise some of the darkness that came with missing out in 2018. But after a pair of uninspiring tuneups, a new fear has begun to settle around the program. The U.S. spent two years qualifying for Qatar. Will it go home after just three games?

☆ Tokyo blinks in game of forex chicken
▼ + stars: | 2022-09-22 | 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: +3 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The BOJ would rather wait for the outcome of companies’ annual wage negotiations next year before leaping to policy conclusions. That further widens the gap between American and Japanese benchmark bond yields – already well over 3 percentage points – which further hurts the yen. Register now for FREE unlimited access to Reuters.com RegisterThat’s why Tokyo has decided to deploy some of its $1.3 trillion in forex reserves to stem the slide. Bond investors have already expressed scepticism towards the BOJ’s commitment to keeping the 10-year sovereign bond yield below 0.25%.

☆ What Cramer is watching Tuesday — hot inflation slams stocks, recent Apple rally fizzles
▼ + stars: | 2022-09-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

BMO goes to market perform from outperform (hold from buy) but raises its price target $435 per share from $420. Wells Fargo raises price target on Clorox (CLX) to $130 per share from $120; but keeps an underweight (sell) rating. Wells Fargo cuts price target on Dow Inc. (DOW) to $60 per share from $70, saying polyethylene pricing is coming down. JPMorgan calls Robinhood (HOOD) August numbers "uninspiring," keeps underweight (sell) rating and a $7-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

What are credit card and bank rewards points worth? One great feature of the program is that all points are equal, so any account that earns Membership Rewards points has access to transfer partners. If you're a Bank of America Preferred Rewards customer, you'll earn 25% to 75% more points, depending on how much you have on deposit, but your rewards points are still worth 1 cent apiece. However, those miles expire after 36 months regardless of your account activity, so only transfer miles when you have immediate plans to redeem them. Non-elite members may transfer points to other members with the same address, provided both parties have been members for at least one year.

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