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☆ We are moving toward a post-U.S.-dollar world, says Rockefeller International's Ruchir Sharma
▼ + stars: | 2023-03-17 | 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 are moving toward a post-U.S.-dollar world, says Rockefeller International's Ruchir SharmaRuchir Sharma, Rockefeller International chairman, joins 'Closing Bell: Overtime' to discuss the geopolitical risk to the market and the future of the U.S. dollar as the world's reserve currency.

☆ Ukrainian journalists fight another kind of war - against graft
▼ + stars: | 2023-03-09 | by ( Dan Peleschuk | ) www.reuters.com time to read: +5 min

According to Transparency International's 2022 Corruption Perceptions Index, Ukraine ranked slightly better than Russia but still well below the global average. Their focus also shows civil society is embracing its role as a government watchdog even as the war grinds on. Many journalists are also turning their attention to uncovering Russian war crimes and assets in Ukraine. PUBLIC PARTNERSHIPSuch reports play a key role in Ukraine's fledgling anti-corruption system, created after the 2014 Maidan revolution toppled pro-Russian president Viktor Yanukovych. Romaniuk, director of the Institute of Mass Information, an NGO in Kyiv, said Ukrainian journalists' role as anti-corruption activists will become increasingly important as Kyiv maps out a more transparent future.

☆ Founder of nanotechnology company went from professor to billionaire
▼ + stars: | 2023-03-07 | 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 EmailFounder of nanotechnology company went from professor to billionaireShi Xu, Nanofilm Technologies International's founder and chairman, discusses with CNBC's Christine Tan the company's transformative coating technology.

☆ Nanotechnology company explains why it's banking on hydrogen energy
▼ + stars: | 2023-03-07 | 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 EmailNanotechnology company explains why it's banking on hydrogen energyShi Xu, Nanofilm Technologies International's founder and chairman, tells CNBC's Christine Tan why he believes hydrogen is the company's new growth pillar.

☆ Ukraine appoints new top anti-corruption investigator
▼ + stars: | 2023-03-06 | by ( Dan Peleschuk | ) www.reuters.com time to read: +3 min

"Our team is committed to the principle of zero-tolerance to corruption and supporting anti-corruption institutions," Prime Minister Denys Shmyhal said during an extraordinary cabinet session to confirm Kryvonos. Ukraine became a candidate to join the EU last June, four months after Russia's full-scale invasion. President Volodymyr Zelenskiy has publicly supported the effort, which officials and anti-corruption experts have said will be crucial to securing much-needed foreign aid. Ukraine ranked 116 out of 180 countries on Transparency International's latest Corruption Perceptions Index. NABU launches investigations into suspected corruption and, together with the Specialised Anti-Corruption Prosecutor's Office, sends cases to the High Anti-Corruption Court of Ukraine for prosecution.

☆ Watch CNBC's full interview with Rockefeller International's Ruchir Sharma
▼ + stars: | 2023-03-06 | 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 EmailWatch CNBC's full interview with Rockefeller International's Ruchir SharmaRuchir Sharma, Rockefeller International chairman and Breakout Capital founder and CIO, joins 'Squawk Box' to discuss China's economic picture, how far out Sharma's expectations for China go and more.

☆ Ukraine's economy stabilizes after shock of war
▼ + stars: | 2023-02-27 | by ( Olena Harmash | ) www.reuters.com time to read: +9 min

The economy shrank by a third last year, the largest fall since Ukraine's independence from the Soviet Union in 1991. ArcelorMittal Kryvyi Rih, Ukraine's largest steel mill, said its production was currently at about 25% of pre-war levels amid electricity blackouts. Ukraine's central bank predicts GDP will grow by 0.3% this year, while the economy ministry forecasts 3.2% growth. The agreement saved Ukraine's agriculture, which accounted for about 12% of GDP and some 40% of overall exports before the war. The steel sector, a key pillar of the economy, is among the hardest hit.

☆ Fisker confirms Ocean EV deliveries will begin this spring, on track to build over 40,000 in 2023
▼ + stars: | 2023-02-27 | by ( John Rosevear | ) www.cnbc.com time to read: +3 min

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Electric vehicle startup Fisker said Monday that it spent less money in 2022 than expected, and that it remains on track to begin deliveries of its Ocean SUV this spring and to build more than 40,000 vehicles in 2023. "These results reinforce our expectation that, at the time of launch, the Fisker Ocean will have the longest range of any SUV/Crossover priced below $70,000," he said. Fisker expects to complete the testing needed for regulatory approval of the Ocean next month, and to ramp up production – and begin deliveries -- in the second quarter. Fisker spent a total of $702 million in 2022, a bit below its guidance range of $715 million to $790 million.

☆ Fisker reports higher orders, maintains annual production target
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Feb 27 (Reuters) - Electric-vehicle startup Fisker Inc (FSR.N) on Monday flagged increased orders for its sports utility vehicle Ocean and maintained its production forecast for the year, sending its shares higher by 7% in trading before the bell. Fisker said reservations for the first model of Ocean rose to more than 65,000 as of Feb. 24, 2023, from 62,000 as of Oct. 31, 2022. In August, Fisker said it was exploring options to manufacture in the United States in 2024. Its net loss stood at 54 cents per share, compared with analysts' average estimate of 42 cents per share, according to IBES data from Refinitiv. Last year, its net loss was $138.4 million or 47 cents.

☆ One year of war in Europe: How the dollar, energy and food prices swirled
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +6 min

LONDON, Feb 24 (Reuters) - Russia's invasion of Ukraine has disrupted economies and markets around the world, from energy and food prices to European banks, emerging market stocks and the Russian currency. Below are five charts that show how Europe's biggest conflict since World War Two has shaped global financial markets in the last 12 months. But when Russian tanks rolled into Ukraine in late February, European natural gas prices rocketed by almost 400% in two weeks. Energy prices soared, bringing the threat of blackouts, recession and a worrying switch back to dirtier sources of fuel. Food price pressures are easing, but that does little to soften the blow for many developing nations, where food and energy prices make up a larger share of spending.

☆ Swiss private bank EFG profit dips as it settles Taiwan dispute
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Feb 22 (Reuters) - EFG International's (EFGN.S) net profit fell 1.7% to 202.4 million Swiss francs ($218.50 million) last year, the Swiss private bank said on Wednesday, as it settled legal proceedings related to a client relationship with a Taiwanese insurance company. EFG said it had paid 40.6 million francs in legal costs and increased provisions to resolve the dispute, with all proceedings against the bank now ended. On an underlying basis, which removes these costs as well as other items like gains from its legacy life insurance business, EFG's net profit increased to 248.7 million francs from 167.8 million francs a year earlier. The bank said along with the market correction, the decline in assets the Swiss bank manages reflects the disposal of the Spanish private bank A&G. In 2021 EFG reported 8.8 billion francs.

☆ Turkey rages at shoddy construction after 'earthquake-proof' homes topple
▼ + stars: | 2023-02-17 | by ( Ali Kucukgocmen | ) www.reuters.com time to read: +6 min

[1/5] A cat stands on a destroyed street, in the aftermath of the deadly earthquake, in Antakya, Turkey February 17, 2023. It was said to be earthquake safe, but you can see the result," said 47-year-old jeweller Hamza Alpaslan. Turkey's Urbanisation Ministry estimates 84,700 buildings have collapsed or are severely damaged. The Urbanisation Ministry said documents would be moved to the ministry archive in the city and were stored digitally. BUILDING AMNESTYSector officials have said some 50% of the total 20 million buildings in Turkey contravene building codes.

☆ Turkey orders arrests over collapsed buildings in earthquake
▼ + stars: | 2023-02-12 | by ( Daren Butler | ) www.reuters.com time to read: +4 min

[1/7] Rescuers carry survivor Muzeyyen Ofkeli in the aftermath of a deadly earthquake, in Hatay, Turkey February 12, 2023. Environment Minister Murat Kurum said that 24,921 buildings across the region had collapsed or were heavily damaged in the quake, based on assessments of more than 170,000 buildings. Rescuers were still looking for survivors in the earthquake rubble six days after the disaster, which hit parts of Syria and Turkey. The upmarket 12-storey residential complex was completed a decade ago and contained 249 apartments. The arrested man told prosecutors he did not know why the complex collapsed and that his desire to go to Montenegro was unrelated, Anadolu reported.

Feb 9 (Reuters) - German authorities searched the premises of three companies early Thursday as part of an ongoing probe into the possible violation of European Union sanctions against Russia, prosecutors said in a statement. German authorities also searched the residences of three suspects, according to the statement, which didn't name the companies or individuals. Reuters was unable to reach Smart Impex or its manager, Gokturk Agvaz, by phone on Thursday for comment. Some went to a Moscow customer that had received American and non-U.S. products from Smart Impex before Russia invaded Ukraine last February. The correspondence is available on handelsregister.de, a public German companies registry.

☆ Chick-fil-A will test a cauliflower sandwich in its first plant-based pilot
▼ + stars: | 2023-02-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Chick-fil-A is making its cauliflower sandwich the same way as its original chicken sandwich. Chick-fil-A will test its first plant-based entree: a cauliflower sandwich. The new sandwich closely resembles its famous chicken sandwich, but uses breaded and pressure-cooked cauliflower in place of meat. Chick-fil-A said it's been working on a plant-based sandwich for nearly four years, right around when chains like Dunkin' and Restaurant Brands International's Burger King were putting Beyond Meat and Impossible Foods substitutes on their menus. Buffalo Wild Wings and countless bars serve fried cauliflower smothered in buffalo sauce as an alternative to chicken wings.

☆ Private-equity salaries revealed: Here's how much top firms like Blackstone, KKR, and Oaktree are offering 2024 associates
▼ + stars: | 2023-02-09 | by ( Emmalyse Brownstein | Rachel Durose | ) www.businessinsider.com time to read: +8 min

Some of the most recent private equity recruits will rake in nearly $200,000 in base pay alone. Among the firms recruiting are Bain Capital, Blackstone, and KKR & Co. — three of the largest private-equity firms in the world based on funds raised in the last five years. These private-equity firms, along with others, have increasingly accelerated their recruiting timelines to get ahead of competitors, as Insider previously reported. To woo promising junior talent, private-equity firms offer sky-high salaries and even more enticing bonus propositions, much like in investment banking, from which these firms cull most of their talent. Oaktree Capital ManagementOaktree Capital Management was founded in 1995, and has $170 billion in AUM, according to its website.

How to earn Southwest pointsCompare Southwest credit cards Southwest Rapid Rewards® Plus Credit CardSouthwest Rapid Rewards® Premier Credit CardSouthwest Rapid Rewards® Priority Credit CardSouthwest® Rapid Rewards® Premier Business Credit CardSouthwest® Rapid Rewards® Performance Business Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Transfer points from Diners Club or hotel loyalty programsDiners Club members can also transfer Club Rewards points to Southwest — 1,500 Club Rewards points, for instance, would convert to 1,200 Southwest points. It's also possible to redeem points earned through participating hotel loyalty programs if you'd rather put them toward flights than hotel stays, though redemption rates are pretty low:5,000 Best Western Rewards points = 1,200 Southwest points6,000 Choice Privileges points = 1,800 Southwest points2,000 Radisson Rewards America points = 200 Southwest points50,000 Radisson Rewards America points = 5,000 Southwest points100,000 Radisson Rewards America points = 10,000 Southwest points9,000 Marriott Bonvoy points = 3,000 Southwest points30,000 Marriott Bonvoy points = 10,000 Southwest points60,000 Marriott Bonvoy points = 20,000 Southwest points90,000 Marriott Bonvoy points = 30,000 Southwest points120,000 Marriott Bonvoy points = 40,000 Southwest points5,000 World of Hyatt points = 2,400 Southwest points50,000 World of Hyatt points = 24,000 Southwest pointsNote that World of Hyatt throws in an additional 6,000 Southwest points as long as you're a member, while Marriott Bonvoy adds 5,000 Southwest points for every 60,000 Marriott points transferred. For instance, a $220 Business Select fare would yield 2,640 Southwest points, while a $200 Anytime ticket would yield 2,000 Southwest points, and a $100 Wanna Get Away ticket would yield 600 Southwest points. Earn Southwest points by taking online surveysYou can earn points by taking online surveys through E-Rewards — $15 worth of E-Rewards yields 300 Southwest points, $25 worth of E-Rewards yields 600 Southwest points, $50 worth of E-Rewards yields 1,200 Southwest points, and $100 worth of E-Rewards yields 2,400 Southwest points.

☆ This fund manager says there's a 'value gap' in European markets. Here's how he's playing it.
▼ + stars: | 2023-02-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

There's a "value gap" in European markets, and that's creating a unique opportunity for investors to buy up top-notch financial and industrial names at a bargain, according to David Herro, chief investment officer of international equities at Harris Associates. European markets dropped sharply last year as war concerns mounted in Ukraine, energy prices surged, and the Chinese economy struggled. But even as share prices dropped, earnings continued improving, opening up what Herro calls a value gap. When it comes to international markets, Herro's got the credentials to support this type of declaration. "Just about every one of the major European financials is over capitalized, and distributing that money back to shareholders positions," Herro told CNBC.

☆ Top Wall Street analysts find these stocks compelling
▼ + stars: | 2023-02-05 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their track records. (See Tesla Hedge Fund Trading Activity on TipRanks) Rakesh holds the 113th position among more than 8,000 analysts tracked on TipRanks. (See McDonald's Dividend Date & History on TipRanks) Despite tough macro conditions, McDonald's intends to expand further to grab additional business. Saleh ranks 383 out of more than 8,300 analysts on TipRanks, with a success rate of 65%. In line with his bullish stance, Goldman reiterated a buy rating and increased his price target to $74 from $71.

☆ 7 shot dead at Jerusalem synagogue as violence spirals in region
▼ + stars: | 2023-01-27 | by ( Aina J. Khan | Paul Goldman | ) www.cnbc.com time to read: +5 min

Israeli security forces deploy at the site of a reported attack in a settler neighborhood of Israeli-annexed east Jerusalem, on January 27, 2023. At least seven people were shot dead in a synagogue in east Jerusalem on Friday, Israeli police said, as violence escalated following an a raid in the occupied West Bank city of Jenin. The attack, among the deadliest for Israelis in years, occurred in east Jerusalem, which was annexed by Israel in the 1967 Arab-Israeli war, and came after the deadly Israeli raid in the West Bank. The violence comes amid tensions over the Palestinians' long campaign for an independent state in the West Bank, the Gaza Strip and east Jerusalem, which were captured by Israel in 1967. Responding to the Israeli raid Thursday, the State Department said the U.S. was "deeply concerned by the escalating cycle of violence in the West Bank."

☆ Bankrupt crypto lender Genesis wants 'Bitcoin Jesus' to pay $20.9 million over expired options trades
▼ + stars: | 2023-01-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

A unit of Genesis Global says a trader known as "Bitcoin Jesus" has yet to settle all his crypto options trades. Genesis filed for bankruptcy this month after being impacted by the bankruptcies of FTX and Three Arrows. That's one of the names included in Genesis' bankruptcy filing. So-called Bitcoin Jesus was an early advocate for the world's most popular token, but has also been a polarizing figure within the crypto and blockchain communities. Meanwhile, crypto lender Genesis had been facing issues long before the recent collapse of FTX, as Insider previously reported.

☆ Investing in South Korean stocks to get easier for foreigners in 2023 - regulator
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

The Financial Services Commission said in a statement there was a huge discrepancy between the regulations currently in place and the global standards and that "(it) will boldly improve regulations that have hindered global investors from investing in our market." The regulator said it would scrap a three-decade-old rule that requires foreigners to register with authorities prior to trading South Korean stocks. The push comes as South Korea pursues the promotion of its stock market to Morgan Stanley Capital International's developed market index. It is currently categorised as an emerging market by the global index provider. The regulator plans to complete the required legislation revision process in the first half of this year to implement such changes within 2023.

☆ FuboTV insiders describe how its 'doomed' sportsbook collapsed in a year — and what it means for the future of the streaming company
▼ + stars: | 2023-01-19 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com time to read: +22 min

But despite the MetLife lounge remaining open throughout the 2021-22 NFL season, the Fubo Sportsbook wouldn't launch in New Jersey until the following one, in September 2022. "It was doomed from the start," one former Fubo Gaming staffer told Insider. Meanwhile, Rattner — whom the first former Fubo gaming staffer described as a "good talker" — sustained the startup's more youthful culture. The Fubo Sportsbook launched in New Jersey on September 7, days before the first Jets home game. A promotional image from when the Fubo Sportsbook went live in New Jersey in September 2022.

☆ Where are the safest places to travel in 2023? It depends on how you define 'safe'
▼ + stars: | 2023-01-18 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +4 min

Sharjah, United Arab Emirates Dubai, United Arab Emirates Doha, Qatar Abu Dhabi, United Arab Emirates Singapore, SingaporeParis topped market research company Euromonitor International's "Top 100 City Destinations" for 2022, but the United Arab Emirates' Sharjah, shown here, ranked highest in terms of health and safety. Its Travel Risk Map 2023 shows that much of North America and Western Europe — as well as places like Turkey, Israel, Japan, Singapore and the United Arab Emirates — have "low" medical risks. Medical risks by country. This map does not reflect the Covid-19 outbreak currently occurring in China, said Dr. Irene Lai, medical director at International SOS. Safest places: security risksInternational SOS's Travel Risk Map also assesses security risks, which include crime as well as political violence such as terrorism and war, social unrest and susceptibility to natural disasters, according to the company.

☆ Sam Bankman-Fried says he sometimes worked at the offices of the lawyers now investigating FTX after criticism of their past links
▼ + stars: | 2023-01-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Law firm Sullivan & Cromwell has been criticized for its involvement in FTX's bankruptcy having worked with the crypto exchange before. In a Substack Thursday, however, Sam Bankman-Fried said he sometimes worked out of the firm's New York offices. He added that he believes FTX customers could have been reimbursed if it didn't file for bankruptcy. Andrew Dietderich, of Sullivan & Cromwell, told the court that line of credit was used to fund political donations and lavish purchases. Sullivan & Cromwell did not immediately respond to Insider's request for comment, sent outside normal working hours.

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