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☆ How to play Netflix's big move higher
▼ + stars: | 2023-03-24 | 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 EmailHow to play Netflix's big move higherA hedge on Netflix. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Brian Stutland.

☆ Is TikTok’s time up? CEO’s skewering before Congress raises questions about app’s future in the US
▼ + stars: | 2023-03-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

“TikTok’s fate in the US is on shakier ground than ever following lawmakers’ grueling questioning of Chew,” Insider Intelligence principal analyst Jasmine Enberg said. The 40-year-old Harvard-educated Chew was never going to get a warm welcome from US lawmakers. Chew, welcome to the most bipartisan committee in Congress,” Republican Rep. That said, Chew needed to provide clear, direct answers to questions posed by lawmakers, particularly those regarding fears of potential Chinese authority over the company. Instead, his murky answers on questions pertaining to the Communist Party of China led to added confusion at times.

☆ The TikTok hearing is mostly lawmakers berating the CEO and loudly asking 'Yes or no?' to detailed questions
▼ + stars: | 2023-03-23 | by ( Dan Whateley | Aaron Mok | ) www.businessinsider.com time to read: +4 min

TikTok CEO Shou Chew appeared before the House Committee on Energy and Commerce on Thursday. Chew's remarks were often cut short as Congress members pressed him for "yes" or "no" responses. "Welcome to the most bipartisan committee in Congress," Republican Rep. Earl LeRoy "Buddy" Carter said, addressing Chew as "Mr. Chew's responses to questions were often cut short as members of Congress asked for shorter "yes" or "no" responses. In the days leading up to the committee hearing, TikTok helped arrange a press conference with Democratic Rep. Jamaal Bowman that it described as a push "in support of free expression."

☆ TikTok CEO got grilled by lawmakers from both parties on whether the Chinese-owned app can protect American privacy
▼ + stars: | 2023-03-23 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

"Welcome to the most bipartisan committee in Congress," boomed Rep. Rep. Greg Pence, R-Ind., noted this was the 32nd hearing Congress has held on privacy and Big Tech. A ban or forced sale of the app, which some members think is the only way to solve the immediate risks, is another matter. The Committee on Foreign Investment in the U.S. (CFIUS) is reviewing ByteDance's acquisition of TikTok's predecessor app, Musical.ly. Or, the government could find other ways to try to ban the app.

The BoE is due to announce on Thursday whether it has raised interest rates for an 11th meeting in a row. The annual inflation rate in the services sector, which most policymakers consider is a good measure of underlying price pressures in the economy, rose to 6.6% after standing at 6.0% in January. Finance minister Jeremy Hunt said the data showed the expected decline in inflation could not be taken for granted. "Falling inflation isn't inevitable, so we need to stick to our plan to halve it this year," Hunt said in a statement. Reporting by David Milliken and William Schomberg, editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

☆ NHL roundup: Alex Ovechkin hits 40 goals for record 13th time
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +10 min

Mandatory Credit: Brad Mills-USA TODAY SportsMarch 22 - On a night he was honored for passing one NHL legend, Washington's Alex Ovechkin made history by eclipsing another. Before the game, Ovechkin was honored in a 20-minute on-ice ceremony for passing Gordie Howe for second place on the all-time NHL goals list on Dec. 23. On Tuesday, Ovechkin scored his 40th goal of the season, passing Wayne Gretzky for the most 40-goal seasons in NHL history with his 13th. Barrett Hayton scored the lone goal for Arizona (27-33-11, 65 points), which saw its four-game winning streak come to an end. Alex Chiasson and Filip Zadina scored regulation goals for the Red Wings, who earned just their third victory in their last 13 games.

☆ NBA roundup: Paul George gets hurt in Clippers' loss
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +4 min

Kawhi Leonard scored 21 points and Paul George added 18 against his former team before departing with a knee injury. Derrick White added 20 points for the Celtics, and Marcus Smart scored 17. Day'Ron Sharpe scored 20 points to lead the Nets, who tied a season high with their fourth straight loss. Bogdan Bogdanovic started at guard in place of Dejounte Murray (illness) and scored 18 points. Sandro Mamukelashvili scored 20 points for the Spurs, who played without Keldon Johnson (neck), Devin Vassell (knee) and Zach Collins (rest).

☆ UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%
▼ + stars: | 2023-03-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households. The consumer price index (CPI) increased by an annual 10.4%, above the 9.9% consensus forecast among economists in a Refinitiv poll and up from 10.1% in January. On a monthly basis, CPI inflation was 1.1%, exceeding a forecast of 0.6%. The surprise increase in February marked a break from three consecutive months of slowing price increases since the 41-year high of 11.1% reached in October. Last week, the independent Office for Budget Responsibility projected that U.K. inflation would plummet to 2.9% by the end of 2023 — a forecast Carter said was "increasingly ambitious" in light of the Wednesday print.

☆ Swiss banking, known for its secrecy, gets put in the spotlight
▼ + stars: | 2023-03-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Credit Suisse stock plummeted on Wednesday during the bank's largest one-day selloff to date. UBS begrudgingly agreeing to acquire rival Credit Suisse has put Swiss banking on center stage. Credit Suisse has stumbled through its fair share of crises in recent years. The sale of Credit Suisse for $3.2 billion begs the question: What the hell are neobanks worth? If a long-established, albeit beleaguered, investment bank was sold at such a discount, then what could a digital-only consumer bank really go for?

☆ Women's NCAA roundup: Ohio State sinks UNC at buzzer
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +3 min

The Buckeyes (27-7) led by as many as 12 points in the fourth quarter but needed the heroics from Sheldon to put away the Tar Heels (22-11). Sheldon finished with 16 points, six rebounds and five assists, and teammate Taylor Mikesell scored 17 points. Kelly led North Carolina with 22 points and three steals, while Alyssa Ustby and Kennedy Todd-Williams each scored 16 points. Ohio State advances to the Sweet 16 for the second straight season. Texas (26-10) became the second hosting team to not advance to the Sweet 16 in this tournament, joining No.

☆ Kathy Hochul’s Plan to Force NYC Suburbs to Approve More Housing Sparks Battle
▼ + stars: | 2023-03-20 | by ( Jimmy Vielkind | Photographs Jeenah Moon For The Wall Street Journal | ) www.wsj.com time to read: 1 min

HUNTINGTON, N.Y.—Backhoes are finally clearing the earth for the development of Matinecock Court, an affordable-housing complex in this Long Island suburb that was first proposed 45 years ago. To housing advocates, a multifamily project first floated when Jimmy Carter was president is the ultimate example of unreasonably restrictive suburban zoning and the reason for a push by Democratic Gov. Kathy Hochul to change the rules. To Long Island officials, who have long been concerned about traffic and school crowding, Matinecock Court was a challenge to the inviolate need for local control over land-use decisions.

☆ Credit Suisse's investment bankers are so concerned about cuts, employees are being told to look for new jobs. 'They encouraged it.'
▼ + stars: | 2023-03-20 | by ( Carter Johnson | Casey Sullivan | Dakin Campbell | ) www.businessinsider.com time to read: +12 min

The fate of Credit Suisse's investment bank hangs in the balance after being sold to UBS. The investment bank's planned spinoff has been put on hold and bankers are bracing for job cuts. People said they expect Credit Suisse's planned spinoff of its investment banking operations, announced last year, to be scuttled. Over at 11 Madison Ave., where Credit Suisse's NY operations are headquartered, emotions were running hot on Monday. Now, the proposed CS First Boston deal hangs in the balance, with both industry experts and Credit Suisse employees uncertain whether it will go through.

☆ A GOP politician tried to use the Iran hostage crisis to help Reagan in the 1980 election. The man who accompanied him wants to come clean to Jimmy Carter: 'History needs to know that this happened'
▼ + stars: | 2023-03-19 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

GOP politician Ben Barnes said his mentor worked to influence the 1980 election in favor of Reagan. John Connally asked Middle East leaders to delay the release of Iranian hostages. "History needs to know that this happened," Barnes told The New York Times. "I'll go to my grave believing that it was the purpose of the trip," Barnes told the Times. Barnes told the Times he finally decided to share the details of the trip following the news that Carter admitted himself to hospice care.

☆ NHL roundup: Owen Tippett's hat trick lifts Flyers over Sabres
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Nick Turchiaro-USA TODAY SportsMarch 18 - Owen Tippett scored three goals to lift the host Philadelphia Flyers to a dominant 5-2 victory over the Buffalo Sabres on Friday. Joel Farabee and James van Riemsdyk each added one goal for the Flyers, who snapped a four-game losing streak. Victor Olofsson scored two goals for the Sabres, who lost their second straight. Maple Leafs 5, Hurricanes 2Zach Aston-Reese scored two goals as Toronto defeated visiting Carolina. Ryan Strome and Troy Terry each logged a goal and an assist, and Max Comtois and Trevor Zegras added a goal apiece.

☆ Women's NCAA roundup: No. 12 Florida Gulf Coast upsets No. 5 Washington State
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +5 min

5 seed in the first round of the NCAA Tournament, this time handing Pac-12 champs Washington State a 74-63 defeat in Villanova, Pa., on Saturday. Tishara Morehouse chipped in 16 points for the Eagles. The Cougars (23-11) were the Eagles' victims this time, as 16 points and 12 rebounds from Tara Wallack wasn't enough to propel Washington State to its fifth straight win. Here are more results from the first half of Saturday's action in the women's NCAA Tournament. It was the first-ever NCAA Tournament appearance for Saint Louis, which won the Atlantic 10 Tournament.

☆ Jalen Carter, Top NFL Prospect, Sentenced to Probation After Deadly Car Crash
▼ + stars: | 2023-03-17 | by ( Suryatapa Bhattacharya | ) www.wsj.com time to read: 1 min

University of Georgia defensive lineman Jalen Carter is a top prospect in the coming NFL draft. Jalen Carter , one of the top prospects in the coming NFL draft, was sentenced to 12 months of probation for two misdemeanor charges tied to a fatal car crash, his attorney said. Mr. Carter, a 21-year-old defensive lineman for the University of Georgia, pleaded no contest Thursday to reckless driving and racing, his lawyer Kim Stephens said.

☆ Mike Khouw lays out an options risk management strategy
▼ + stars: | 2023-03-17 | 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 EmailMike Khouw lays out an options risk management strategyMike Khouw lays out a warning on SVB options. With CNBC's Melissa Lee and the other Options Action traders, Carter Worth and Bonawyn Eison.

The chief judge has sole discretion over sealed federal grand jury proceedings. As chief judge, Boasberg is poised to rule on certain legal arguments raised in the grand jury probes, including efforts to restrict witnesses from testifying. Grand jury proceedings are kept from public view. Another special counsel, Robert Hur, was named by Garland in January to look into classified records found at Biden's home in Delaware and former office in Washington. During her tenure as chief judge, Howell regularly heard legal arguments in special counsel investigations.

☆ Could this restaurant stock be a bright spot in the market?
▼ + stars: | 2023-03-17 | 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 EmailCould this restaurant stock be a bright spot in the market? The Darden trade ahead of next week's earnings. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Bonawyn Eison.

☆ Chartmaster on what's next for markets after a volatile week
▼ + stars: | 2023-03-17 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChartmaster on what's next for markets after a volatile weekCarter Worth of Worth Charting looks at key levels to watch in the market now. With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Jeff Mills and Dan Nathan.

"Not only are these big banks not sitting around and waiting for the phone to ring, they are also being proactive." Amid the nation's most troubling turmoil in banking since the global financial crisis nearly 15 years ago, the big banks are flexing their collective muscle. The 2008 financial crisis humbled the banking behemoths; the 2023 crisis of regional banks has now only cemented their power. For an increasingly stretched financial system, the big banks provide a needed stability. The flight to safety that is benefiting the big banks will have a cost, however.

Employees have been working around the clock to onboard as many startups as possible in the wake of the implosion of Silicon Valley Bank. Silicon Valley Bank, which had more than $175 billion in deposits and served nearly half of US VC-backed startups, was taken over by US regulators on March 10. "That said, I am worried that this bias towards a Big Four bank is a double-edged sword," Shekar added. "SVB did not think like a big bank. They could understand your operating plan when a big bank would balk at it," Ashley Tyrner, CEO and founder of FarmBoxRX, told Insider.

☆ DA Fani Willis takes a breather from deciding Trump's fate in Georgia and parties with Shaq
▼ + stars: | 2023-03-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Fulton County DA Fani Willis was spotted partying with Shaq at his birthday party over the weekend. Willis is weighing whether to empanel a grand jury for criminal indictments against Donald Trump. A special grand jury Willis empaneled completed a report into Trump in January. If Willis now refers the case to a grand jury, it would have the power to bring criminal indictments. Criminal cases, such as the Manhattan and Georgia cases, typically get priority over civil cases in court calendars when they're running concurrently.

☆ The Final Call: GLD
▼ + stars: | 2023-03-17 | 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 EmailThe Final Call: GLDThe traders make their final trades of the week. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Bonawyn Eison.

The tool and die workers in a 62-9 vote rejected a campaign by the International Association of Machinists and Aerospace Workers (IAM), according to results announced by the U.S. National Labor Relations Board. The 75 technicians would have been the first group to unionize at the Japanese automaker's largest assembly plant in North America. Nissan spokesperson Lloryn Love-Carter said, "Nissan respects this decision, and we remain focused on working with employees to drive our future forward together." “The IAM will continue to support these workers so we will be prepared for them to join our union when the time is right again," the union said. In 1989 and 2001, workers in Smyrna voted overwhelmingly against joining the United Auto Workers union.

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