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☆ Sam Bankman-Fried gave $2.5 million to a leading political ethics watchdog. The group says it can't give the money back because officials already spent it.
▼ + stars: | 2022-12-08 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +10 min

The Campaign Legal Center fights against lawlessness and unethical behavior in politics. Brendan Quinn, a spokesperson for the Campaign Legal Center, says the nonprofit organization cannot return or give away Bankman-Fried's money because the money is already spent. Asked whether the Campaign Legal Center would consider disgorging an amount of money equivalent to what Bankman-Fried contributed, Quinn noted that the Campaign Legal Center is not a political candidate or committee. The Campaign Legal Center has not yet provided Insider a copy, first requested December 2, of the most recent IRS 990 tax document filed by Campaign Legal Center Action, its advocacy arm. Former President Donald Trump has been a frequent target of the Campaign Legal Center's legal and ethics efforts.

☆ Von Miller: Buffalo Bills defensive star is out for the season with torn ACL
▼ + stars: | 2022-12-08 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +25 min

Tony Gutierrez/AP Buffalo wide receiver Stefon Diggs digs into a turkey leg after the Bills defeated Detroit on Thanksgiving Day. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Henry Anderson: Carolina Panthers defensive end reveals he recently had stroke -- but wants to play on Sunday
▼ + stars: | 2022-12-08 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +26 min

Tony Gutierrez/AP Buffalo wide receiver Stefon Diggs digs into a turkey leg after the Bills defeated Detroit on Thanksgiving Day. Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Campbell’s Turnaround Has Reached Full Boil
▼ + stars: | 2022-12-07 | by ( Aaron Back | ) www.wsj.com time to read: 1 min

Campbell Soup has gone from one of the most troubled companies in the packaged-food sector to one of the strongest. That may be partly luck, as both the pandemic and the current inflationary environment turned out to be favorable for its portfolio of soup, sauce and snack brands. But it is also a vindication of the leadership of Chief Executive Mark Clouse , who chose to invest in some of the company’s aging brands that prior leaders seemed nearly ready to give up on.

☆ Campbell Soup Raises Outlook After Sales Rise 15%
▼ + stars: | 2022-12-07 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

The maker of Campbell’s soup and other products says it has been able to mitigate pressures from rising input and supply-chain costs. Campbell Soup Co. boosted its outlook after sales and profit rose at double-digit rates in its fiscal first quarter as the company kept raising prices to offset rising costs. The soup and snack maker said Wednesday that sales jumped 15% to nearly $2.6 billion in the quarter ended Oct. 30, topping analyst projections of $2.45 billion, according to FactSet. The top-line growth was once again driven by higher prices, though volumes, which have been shrinking as prices rise, fell 1%.

☆ Jamie Dimon sounds off on the economy, Fed, and crypto
▼ + stars: | 2022-12-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

There are few top executives who draw as much attention and speak as freely as Jamie Dimon, the CEO of JPMorgan. "Inflation is eroding everything…and that $1.5 trillion will run out sometime mid-year next year," Dimon said. Never one to mince words, Dimon then blasted the cryptocurrency sector when asked what he thought of the FTX collapse. Meanwhile, days after the EU's $60 per barrel price cap kicked in, oil prices slumped to levels not seen since before the invasion of Ukraine. There's been much debate about how the measure will alter oil prices moving forward — but PIMCO commodities strategist Greg Sharenow said it's going to come down to three factors.

☆ Stocks making the biggest moves midday: Carvana, MongoDB, TripAdvisor, Toll Brothers and more
▼ + stars: | 2022-12-07 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

MongoDB — The database platform surged almost 22% following the company's quarterly results. State Street — Shares of the asset manager jumped more than 8% after the company announced a new buyback plan. Toll Brothers — Shares of the luxury homebuilder rose 7% after the company reported quarterly results. Chinese tech stocks — Shares of U.S. listed China stocks declined even as Beijing announced it will lift some Covid restrictions. Airlines — Airline stocks fell as a group during midday trading.

Gen Z is more likely to donate credit card rewards to charity. Millennials are more likely to save their credit card rewards for "the next big thing," while Gen Z is using their rewards in smaller increments. Gen Z is donating card rewards to charity, particularly environmental causes and womens' shelters. In general, Gen Z is showing overall smarter credit card behavior compared to how millennials were spending at that age. Gen Zers, at least the ones old enough to own a credit card, are doing more research and being more selective in their credit card use.

There are four main types of cash-back credit cards, and the Capital One Quicksilver Cash Rewards Credit Card falls into the flat-rate rewards category. How to use rewards from the Quicksilver Cash RewardsYou can redeem your rewards from the Capital One Quicksilver Cash Rewards Credit Card for a check in the mail or a statement credit. Unlike some other cash-back credit cards, there's no minimum redemption amount with the Capital One Quicksilver Cash Rewards Credit Card. What credit score do you need to qualify for the Quicksilver Cash Rewards Card? Most folks who qualify for the Capital One Quicksilver Cash Rewards Credit Card have a good to excellent credit score (FICO score of at least 670).

☆ Stocks making the biggest moves premarket: Campbell Soup, Pinterest, Toll Brothers and others
▼ + stars: | 2022-12-07 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Pinterest (PINS) – Pinterest rose 1.2% in premarket trading after an official from activist investor Elliott Management was added to the image-sharing website operator's board of directors. Carvana tumbled 18.2% in premarket trading. Dave & Buster's (PLAY) – Dave & Buster's shares slid 3.9% in premarket action even though its quarterly profit matched analyst estimates. Airbnb (ABNB) – Airbnb fell 3.8% in premarket trading after Morgan Stanley downgraded the stock to underweight from equal-weight.

☆ Consumers’ caution around holiday spending is the highest since 2013, CNBC survey shows
▼ + stars: | 2022-12-07 | by ( Steve Liesman | ) www.cnbc.com time to read: +3 min

American shoppers plan to watch their wallets closely this holiday shopping season, with 41% saying they plan to spend less this year than last, according to the CNBC All-America Economic Survey . The survey found that average spending intentions for gifts fell 11% from last year to $907 from $1,004 last year when Americans were flush with cash from government stimulus. A third of Americans say they will spend less because of inflation. The CNBC All-America Economic Survey of 801 Americans throughout the nation was conducted during Nov. 26-30. The survey found 30% of participants saying they would use credit cards they don't intend to pay off immediately or other debt in their holiday shopping, up eight points from last year.

☆ Morning Bid: Crude deflation?
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +4 min

With everyone on Wall St seemingly hand wringing about stagflation next year, the price of crude oil has plummeted by up to 10% this week to its lowest since early January - offering some relief in an otherwise murky outlook. Crucially for inflation worriers, year-on-year crude price gains - which were running at 50-100% between February's Ukraine invasion and midyear - have now fallen to just 4% and could soon be a disinflationary force in consumer price baskets. But, contrary to many prior energy market assumptions, the impact of Monday G7's Russian oil price cap at $60pb for seaborne crude is anchoring prices and underscoring massive discounts for Russia oil - already selling for as low as $55pb. The Bank of Canada is the latest on the list on Wednesday and expected to hike rates by another half point, as are the Federal Reserve, European Central Bank and Bank of England next week. European and Asia bourses - even Shanghai and Hong Kong despite the lifting COVID restrictions - were in negative territory too.

☆ Stock futures are flat on Tuesday night
▼ + stars: | 2022-12-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Stock futures were little changed Tuesday night. Futures tied to the Dow Jones Industrial Average were up 36 points, or 0.1% while S&P 500 futures and Nasdaq 100 futures were each up 0.1%. The S&P 500 and Nasdaq Composite lost 1.4% and 2%, respectively. The moves came as investors lost hope that the Federal Reserve will be able to engineer a soft landing. On Wednesday, the Mortgage Bankers Association will release its weekly report of mortgage loan applications.

☆ HBO Max streaming service returns to Amazon Prime Video
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

Dec 6 (Reuters) - The HBO Max video streaming service is once again available on Amazon's Prime Video Channels in the United States, ending a more than year-long hiatus. Warner Bros Discovery (WBD.O) and Amazon Inc (AMZN.O) announced Tuesday that Prime customers can sign up for HBO Max, effective immediately. AT&T canceled subscriptions purchased through Amazon's Prime Video in September 2021 and refunded money, as it sought to establish direct relationships with customers. Amazon and Warner Bros Discovery said HBO Max will be available for $14.99 a month. Researcher Parks Associates this month ranked Prime Video as the top streaming service in the United States.

☆ Millions of HBO Max users who subscribed through Amazon can do so again, a year after they were booted from the platform
▼ + stars: | 2022-12-06 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

"It's important for us to own the customer," the former head of HBO Max, Andy Forssell, told Bloomberg in August 2021. HBO Max will cost $14.99 a month through Channels, the same price at which it is available to consumers via other distribution platforms. HBO and HBO Max had 67.5 million combined subscribers, as of a July 2021 earnings report. Discovery said during its most recent earnings report last month that HBO, HBO Max, and Discovery+ had a combined 95 million subscribers, but didn't break out the numbers by service. The company plans to merge HBO Max and Discovery+ into one streaming platform next year.

☆ The 5 best leadership books I read this year — and what they taught me about running a company
▼ + stars: | 2022-12-06 | by ( David Siegel | ) www.businessinsider.com time to read: +5 min

For a roadmap for effective, kind leadership and smart decision-making, he shares 5 book recommendations. Publishing a leadership book gave me a newfound perspective on the genre. Here are the top five leadership books I read in 2022 and why I found each one particularly enriching. After reading The Promise of a Pencil, I learned how seemingly small acts can make a world of difference in communities. For anyone considering executive coaching or looking to find a coach, this book is a must-read.

☆ With eye on China, US to boost military forces in Australia – and ‘invite’ Japan to join in
▼ + stars: | 2022-12-06 | by ( ) edition.cnn.com time to read: +4 min

The United States will increase the rotational presence of air, land and sea forces in Australia, including bomber aircraft and fighter jets, US Defense Secretary Lloyd Austin said Tuesday, amid shared concerns about China. Australia’s Northern Territory is already host to frequent military collaborations with the US. Thousands of US Marines rotate through the territory annually for training and joint exercises, started under former President Barack Obama. Just before last year’s AUSMIN talks, the US, United Kingdom and Australia created a security deal, known as AUKUS, that will provide Australia with the technology to deploy nuclear-powered submarines. The two sides said they had further discussions on that issue and Britain’s Defense Minister Ben Wallace will attend a first in-person meeting of AUKUS ministers on Wednesday in Washington.

☆ More Crypto Exchanges Verify Reserves, But Questions About Assets Remain
▼ + stars: | 2022-12-05 | by ( Mark Maurer | ) www.wsj.com time to read: +7 min

Most crypto exchanges are privately held, meaning they don’t have to file financial statements with the Securities and Exchange Commission or get them audited. He added that customers of crypto exchanges should “look for as rigorous of that as you can look for regulatory reporting.”FTX founder Sam Bankman-Fried sat down with The Wall Street Journal to discuss what happened to the billions of dollars deposited by the exchange’s customers. Photo: Kenny Wassus/The Wall Street JournalSuch a third-party verification represents a step toward more transparency around crypto exchanges, but there are significant shortcomings, some academics said. Coinbase Global Inc. last month reported $95.11 billion in both customer crypto assets and liabilities for the quarter ended Sept. 30, up from $88.45 billion the previous quarter, filings show. Still, the PCAOB encourages investors to review reports on the work those companies’ auditors have done, Chair Erica Williams said at a conference Tuesday.

☆ 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.

The answer is simple, according to more than a dozen Washington insiders, FTX employees, and crypto industry observers who spoke with Insider. I don't think anyone believed that he was going to fund candidates who were, quote unquote, committed to ending pandemics who were also hostile to the crypto industry." Alex Wong/Getty ImagesRebuffed by the SEC, Bankman-Fried turned his attention to Congress. "It's not that he was welcoming regulation," says the senior figure in the crypto industry who attended meetings with Bankman-Fried. But while Bankman-Fried was busy wooing Washington, FTX was about to become Exhibit A in the case for more effective oversight of the crypto industry.

☆ Is the worst over for bitcoin and the rest of crypto?
▼ + stars: | 2022-12-04 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

This is not the first crypto winter, as long-term fans of bitcoin can attest. “It is very clear that we as an industry need to build better products,” said Hany Rashwan, CEO of 21.co, a crypto investment firm. That’s about triple where prices were during the depths of the crypto bear market in the early pandemic days of 2020. Others point out that the underlying blockchain technology behind bitcoin and crypto remains solid. Pride and Reynolds added that it’s erroneous to think that bitcoin can hold up well during stock market volatility.

In this article DIS Follow your favorite stocks CREATE FREE ACCOUNTBob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBCDisney reappointed Bob Iger as its chief executive recently, abruptly replacing his hand-picked successor Bob Chapek, and giving Iger an early goal — find a new replacement during the next two years. Iger's attention has quickly turned to the other part of his mandate from the board — the immediate challenges facing Disney's business, such as the company's reorganization, cost structure and the future growth of its streaming business. He is the chairman of Disney's studio content and spearheaded the integration of Iger's acquisitions into Disney's overall content pipeline. D'Amaro is head of Disney's parks, experiences and products, the same position Chapek held before becoming CEO. Rebecca Campbell, who's currently in charge of Disney's international content and operations, is another candidate that Iger may favor, people familiar with the matter said.

☆ How to tell if your colleagues are keeping information that could help you do your job better to themselves – and how to stop them
▼ + stars: | 2022-12-03 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

Introduce employees to new recruitsCampbell says there are ways businesses can help crack down on "quiet constraining." This makes the new member of staff less of a rival, and more of a team member," Campbell adds. He also suggests setting up one-on-one meetings or calls to help employees to get to know their colleagues better. Details posted can be shared in meetings, giving a boost to employees who that shared that information, Campbell says. Group projects can also help to fully utilize all employees' strengths and specialties, leading to better respect among colleagues and generally helping staff feel that they are more valued in the workplace.

A Florida sheriff stunned many of his constituents this week by appearing to endorse spanking students, his comments coming during a press conference in which county officials announced plans to tighten discipline in Brevard County schools. Sheriff Wayne Ivey spins the "Wheel of Fugitive" board at the Brevard County Sheriffs Office in 2017. And he is a Brevard County political powerbroker who helped get two Republicans, Megan Wright and Gene Trent, elected to the county school board. Shortly after they were sworn in Nov. 22, Wright and Trent teamed up with school board chair Matt Susin to oust longtime superintendent Mark Mullins. There was agreement among the Brevard County school officials interviewed that disruptive students are a problem in the system.

☆ Expect more choppiness ahead after a week of mixed market signals
▼ + stars: | 2022-12-02 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Driving the action were several key economic reports, including the November ADP employment and nonfarm payrolls reports and the October personal spending report. The comments came after a softer-than-expected ADP employment report, but before a stronger-than-expected nonfarm payrolls report. With these kinds of mixed signals, expect more market choppiness as investors remain on the hunt for more definitive signs that the Fed is winning its war on inflation and can therefore definitively ease up on their hawkish stance. Initial jobless claims for the week ending Nov. 26 were 225,000, a decrease of 16,000 from the prior week and below expectations of 235,000. Finally, on Friday the all-important nonfarm payrolls report was released, indicating a 263,000 payrolls increase in November, above the 200,000 expected.

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