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☆ Stocks are headed for their worst year since 2008, but some names doubled or more in 2022
▼ + stars: | 2022-12-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks may be careening toward their worst year since 2008, but some names are completing a remarkable run after doubling or more in 2022. In 2022, the Dow Jones Industrial Average has lost 8.4%, while the S & P 500 shed 19.2%. These stocks are up more than 100% this year, and include tankers for petroleum products, energy companies such as coal firms, and biotech and pharmaceutical names, according to CNBC. Ardmore Shipping and Scorpio Tankers were the top tanker stocks, both up about 316% for the year. Energy companies came out on top in 2022 following a surge in oil and gas prices — which market participants say will remain elevated given expectations of tight supply ahead.

☆ Zara founder buys Seattle skyscraper for $323 million
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

MADRID, Dec 15 (Reuters) - Spanish billionaire and Zara founder Amancio Ortega has bought a residential skyscraper in Seattle for $323 million, his private firm Pontegadea said on Thursday. Ortega, the main shareholder of fashion giant Inditex (ITX.MC) and one of the world's 30 wealthiest entrepreneurs, signed the deal yesterday through his family office, Pontegadea added. Kiara tower, located in Seattle's South Lake Union neighbourhood in the United States, has 461 luxury apartments and is 133 metres tall. The purchase follows a $500-million investment in a 64-floor skyscraper of luxury apartments in New York's Financial District. Just this year, Ortega's investment vehicle also bought Royal Bank Plaza, a landmark skyscraper in Toronto, and one of the largest single-office buildings in Scotland.

☆ 50+ best Cyber Monday 2022 deals for beauty and wellness
▼ + stars: | 2022-11-27 | by ( Gabriella Depinho | Gabriella Depinho Is A Production Coordinator For Select On Nbc News. | ) www.nbcnews.com time to read: +6 min

SKIP AHEAD Cyber Monday beauty and wellness deals | Cyber Monday beauty and wellness salesTo help you make the most of the shopping holiday, we compiled some of the best Cyber Monday deals and sales on beauty and wellness products that we think you’ll want to know about. Best early Cyber Monday 2022 beauty and wellness dealsBelow, we’re sharing the best Cyber Monday beauty and wellness deals based on our previous coverage and reporting. 4.9-star average rating from 16 reviews at Best Buy. Best early Cyber Monday 2022 beauty and wellness salesHere are the best Cyber Monday beauty and wellness sales that we think you’ll want to know about. Remember that sales include multiple deals, and not every product listed in a sale is going to be the best deal around.

☆ 40+ best Walmart Cyber Monday 2022 deals from Ninja, Sony and more
▼ + stars: | 2022-11-27 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +15 min

SKIP AHEAD Best Walmart Cyber Monday sales |What to expect during Walmart’s Deals for Days 2022 | Walmart Black Friday and Cyber Monday price matching | What is Walmart+? To help you make the most of Walmart’s Deals for Days this year, we will continuously compile standout deals to consider based on Select reader interest and our previous coverage. Best Walmart Cyber Monday deals to shop nowBased on our previous coverage and Select reader interest, we rounded up some of the best deals from Walmart’s Cyber Monday sale. Best Walmart Cyber Monday sales to shop nowHere are some of the best sales to shop for during Walmart’s Cyber Monday sale that we think you’ll want to know about. What to expect during Walmart’s Deals for Days 2022Walmart’s Black Friday and Cyber Monday savings event — known as Deals for Days — hosts deals through most of November.

☆ 30+ best Walmart Black Friday deals: Apple Watch, Samsung TV, Chromebook and more
▼ + stars: | 2022-11-25 | by ( Mili Godio | ) www.nbcnews.com time to read: +15 min

SKIP AHEAD Best Walmart Black Friday sales | What to expect during Walmart’s Deals for Days 2022 | Walmart Black Friday price matching | What is Walmart+? To help you make the most of Walmart’s Deals for Days event this year, we will continuously compile standout deals to consider based on Select reader interest and our previous coverage. Best Walmart Black Friday deals to shop nowBased on our previous coverage and Select reader interest, we rounded up some of the best deals from Walmart’s Black Friday sale. Best Walmart Black Friday sales to shop nowHere are some of the best sales to shop for during Walmart’s Black Friday sale that we think you’ll want to know about. What to expect during Walmart’s Deals for Days 2022As with the past two years, Walmart’s Black Friday savings event — known as Deals for Days — hosts deals throughout the majority of November.

☆ The most — and least — expensive states to own a dog
▼ + stars: | 2022-11-24 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +3 min

Loving a dog may not cost you anything, but feeding, entertaining, accessorizing and taking your dog to the vet can add up quickly. In the Unites States, new dog owners pay around $1,750 per year caring for their canines, a recent study from Pettable found. There are plenty of variable expenses that come with owning a dog that budget-conscious pet lovers can skip (does your dog really need gourmet human-grade food?). The least expensive states to own a dogTo estimate the typical cost to own a dog, Pettable collected data on how much the basic needs cost during your first year of dog ownership. The most expensive states to own a dog

☆ Two Sigma, Holocene added Tesla shares before fourth-quarter tumble
▼ + stars: | 2022-11-14 | by ( David Randall | ) www.reuters.com time to read: +1 min

NEW YORK, Nov 14 (Reuters) - Hedge funds Group One Trading LP, Two Sigma Investments LP and Holocene Advisors LP were among the largest purchasers of Tesla Inc (TSLA.O) stock during the third quarter, filings released Monday showed. Group One Trading added a new position of slightly more than 1 million shares, giving it a market value of nearly $276 million as of Sept. 30. Two Sigma, meanwhile, added nearly 323,500 shares for a stake worth $14.7 million as of the end of September, while Holocene Advisors added nearly 319,000 shares for a stake worth about $84.6 million. Tesla's shares have fallen significantly since the end of the quarter, dropping 16% compared to the 11.4% gain in the benchmark S&P 500 index. The Maryland State Retirement and Pension System and Abbot Financial Management Inc were among the few large investors who shed their full stake in Tesla during the quarter, filings show.

Conspiracy theorist Alex Jones and his company were ordered Thursday to pay an additional $473 million in punitive damages to families of the victims of the Sandy Hook massacre over promoting the falsehood that the 2012 school shooting was a hoax. Christopher Mattei, a lawyer for the Sandy Hook families, told The Associated Press he hoped that the punitive damages awarded Thursday send a message to conspiracy theorists who profit from lies. Twenty children and six educators were killed after a gunman entered Sandy Hook Elementary School in Newtown, Connecticut, and opened fire on Dec. 14, 2012. The Connecticut trial was the second related to his Sandy Hook conspiracy theories. In August, a Texas jury ordered Jones to pay nearly $50 million in damages to Scarlett Lewis and Neil Heslin, whose son Jesse was killed in the massacre.

New York CNN Business —A Connecticut judge on Thursday ordered right-wing conspiracy theorist Alex Jones to pay an additional $473 million in punitive damages over the lies he told about the 2012 Sandy Hook Elementary School shooting. Under Connecticut law, a judge determines the amount of punitive damages to award. The decision in Connecticut came after a separate jury in Texas determined that Jones and his company should award two Sandy Hook parents who sued in that state nearly $50 million. While Jones initially lied about the 2012 shooting, he later acknowledged that the massacre had occurred as he faced multiple lawsuits. But he failed to comply with court orders during the discovery process of the lawsuits in Connecticut and Texas, leading the families in each state to win default judgments against him.

☆ Businesses Rush to Sidestep Rate Shock by Paying Down Debt
▼ + stars: | 2022-11-09 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Executives are aggressively paying down debt as higher interest rates increase the cost associated with having debt and businesses face the prospect of a recession. As a result, some are taking steps to rein in expenses and cut interest costs, while others are looking to put cash reserves to work as their bank deposits continue to generate minimal yields. Beauty paid an annual interest rate of 4.9% on the loan, according to Mandy Fields, the company’s chief financial officer. About two-thirds of the loan carried a 5% interest rate that was fixed through a swap, which was set to expire in 2025. The two transactions reduced KAR’s annual interest costs by $70 million, to an estimated $15 million a year, Mr. Loughmiller said.

☆ ABN Amro's Q3 profit jumps as interest income recovers
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

AMSTERDAM, Nov 9 (Reuters) - Dutch bank ABN Amro (ABNd.AS) beat analysts' expectations on Wednesday, as it said net profit had more than doubled to 743 million euros ($747.98 million) in the third quarter, helped by rising interest rates and low impairments. Analysts in a company-compiled poll on average had predicted net profit would fall to 323 million euros for the July-September period, down from 343 million a year ago. ($1=0.9933 euros)Reporting by Bart Meijer; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ I tested six-figure electric cars from Porsche and Mercedes. I'd buy one for its stunning quickness and the other for its opulent interior.
▼ + stars: | 2022-11-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

The $209,000 Taycan Turbo S Cross Turismo Porsche lent me is the highest-performance Taycan available and the hatchback edition. Tim Levin/InsiderThe Mercedes smacks you right in the face with a plush, spacious interior filled with leather and high-end materials. Tim Levin/InsiderThe Porsche also has a long list of luxurious options, but it gives off a sportier vibe. VerdictThe 2021 Porsche Taycan Turbo S Cross Turismo. Tim Levin/InsiderThe Taycan Turbo S blew me away with its ridiculous quickness and fantastic handling.

☆ Improving Chinese import data bodes well for Estee Lauder, Wells Fargo says
▼ + stars: | 2022-11-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

The Club found the fresh Chinese import data encouraging and welcomed the call from Wells Fargo, with Jim Cramer on Tuesday calling Estee Lauder the "single best play for the opening of China." The Wells Fargo analysts called the October cosmetics data a "significant" improvement. But Wells Fargo analysts said the improved import data could support Estee Lauder's stock. Wells Fargo maintained its equivalent of a buy rating on Estee Lauder. Berenberg also reduced their price target on Estee Lauder to $220 from $323.

☆ China's daily local COVID cases hit 3,200 for Nov 2, highest since Aug. 17
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Nov 3 (Reuters) - China recorded 3,200 daily local COVID-19 cases for Nov. 2, the highest in two and a half months, of which 531 were symptomatic and 2,669 were asymptomatic, the National Health Commission said on Thursday. It was the first time local daily cases have exceeded 3,000 since Aug. 17. The capital Beijing reported 28 symptomatic and three asymptomatic local cases on Wednesday, compared with 28 symptomatic and four asymptomatic cases the previous day, local government data showed. Financial hub Shanghai reported one symptomatic and two asymptomatic cases on Wednesday, compared with one symptomatic and no asymptomatic cases a day before, the local health authority reported. Guangzhou, also in the south, reported 50 new locally transmitted symptomatic and 323 asymptomatic cases, compared with 73 symptomatic and 253 asymptomatic cases a day before, authorities in the city of nearly 19 million people said.

As millions of Americans prepare to submit applications for student loan forgiveness through the Biden administration's new program, the residents of seven states could get a tax bill if they accept the loan cancellation. California is the largest state currently in line to tax student loan forgiveness. However, California legislators have promised to change the state's tax code to exempt student debt forgiveness from being taxed. In a statement to NBC News, a spokesperson for the Indiana Department of Revenue confirmed its residents will owe up to $323 for $10,000 in student loan forgiveness and $646 for $20,000 in student loan forgiveness. “Legislative leaders need to find a solution that treats student loan forgiveness the same way they handled the PPP loan forgiveness that many of them received,” Cooper said.

"We expect probably in 2023 the semiconductor industry will likely decline, but TSMC also is not immune," Wei told a media call. TOOL DELAYSTSMC, Asia's most valuable listed firm, cut its capital expenditure (capex) for 2022 to around $36 billion. "We say 2023 is still a growth year for TSMC, and the overall industry probably will decline," said Wei. Revenue for the quarter climbed 36% to $20.23 billion, versus TSMC's prior estimated range of $19.8 billion to $20.6 billion. Shares in TSMC have fallen almost 36% so far this year, giving it a market value of $323.7 billion.

TSMC's business has swelled thanks to a global chip shortage that was sparked by pandemic-fuelled sales of smartphones and laptops. Register now for FREE unlimited access to Reuters.com RegisterRevenue for the quarter climbed 36% to $20.23 billion, versus TSMC's prior estimated range of $19.8 billion to $20.6 billion. Shares in TSMC have fallen almost 36% so far this year, giving it a market value of $323.7 billion. The stock fell 0.6% on Thursday, compared with a 2.1% fall for the benchmark index (.TWII). TSMC has said it has seen little impact from the current down cycle in the chip sector and expected its capacity to remain tight because long-term demand for TSMC's chips was "firmly in place".

☆ Credit Suisse debt insurance costs rise, bonds ease after tax probe report
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 12 (Reuters) - The cost of insuring the debt of Credit Suisse (CSGN.S) against default rose on Wednesday, while its bonds and shares fell, after reports that the Swiss lender may be the subject of a U.S. tax investigation. Credit default swaps, an instrument that will pay its holder in the event of an issuer defaulting, rose to 337 basis points (bps) from 323 bps, according to S&P Global Market Intelligence. The U.S. Justice Department is investigating whether Credit Suisse continued helping U.S. clients hide assets from authorities, eight years after the Swiss bank paid a $2.6-billion tax evasion settlement, Bloomberg News reported on Tuesday. read moreCredit Suisse's additional tier 1 dollar-denominated bonds fell by as much as 0.7 cents to 90.259 cents, while its euro-denominated bonds dropped 0.75 cents to 73.30, according to Tradeweb data. Register now for FREE unlimited access to Reuters.com RegisterReporting by Amanda Cooper; Editing by Karin StroheckerOur Standards: The Thomson Reuters Trust Principles.

☆ India's Wipro Q2 profit misses estimate
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Oct 12 (Reuters) - India's Wipro Ltd (WIPR.NS) on Wednesday reported a weaker-than-expected second quarter profit hit by higher employee-related expenses. read moreConsolidated net profit for quarter-ended Sept. 30 came in at 26.59 billion Indian rupees ($323.3 million), compared with 29.31 billion rupees year ago. Analysts on average had expected a profit of 28.44 billion rupees, according to Refinitiv data. Revenue from operations rose nearly 15% to 225.40 billion rupees. ($1 = 82.2530 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Less Growth Seen for 2023 U.S. Ad Spending
▼ + stars: | 2022-09-29 | by ( Megan Graham | ) www.wsj.com time to read: +2 min

Magna, a media investment firm that conducts industry research, reduced its U.S. advertising growth forecast for 2023, saying a weaker economic environment is likely to cut into spending. Despite the less optimistic outlook, certain factors will still underpin advertising growth, according to Vincent Létang, executive vice president of global market intelligence at Magna and author of the company’s reports on ad spending. Magna also cut its expectations on nonpolitical ad spending for the second half of this year. But it added that the uncertain economy would lead some sectors to spend less than they might have in the second half. Excluding cyclical political and international sports events, ad spending this year will grow 8.1%, Magna anticipated, down from the 9.5% increase it predicted in June.

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 27, 2022. Most S&P 500 sector indexes turned lower, with the energy sector (.SPNY) clinging to gains of 1.19%. Analysts have cut their S&P 500 earnings expectations for the third and fourth quarters and for the full year. For the third quarter, profit for S&P 500 companies are seen rising just 4.6% year-over-year compared with the 11.1% growth expected at the start of July. The S&P index recorded no new 52-week high and 113 new lows, while the Nasdaq recorded 24 new highs and 323 new lows.

☆ Markets are now treating UK bonds like Greek and Italian debt
▼ + stars: | 2022-09-27 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

The price of benchmark 10-year UK government bonds also increased slightly. “This is a situation where government borrowing costs — and therefore all our borrowing costs — are incredibly vulnerable,” economist Mohamed El-Erian, an adviser to Allianz, told the BBC on Tuesday. It will drive up import costs, adding to pressure on the Bank of England to hike interest rates faster and higher. Previously, markets were absorbing about £100 billion ($108 billion) in UK bonds annually, according to Ross Walker, chief UK economist at NatWest Markets. Yet higher borrowing costs will have consequences for both the government and households.

"A permanent member of the United Nations Security Council invaded its neighbor, attempted to erase a sovereign state from the map. Russia has shamelessly violated the core tenets of the United Nations Charter,” Biden said. Russia's mission to the United Nations did not immediately respond to a request for comment on Biden's remarks. We do not ask any nation to choose between the United States or any other partner," he said. "The United States will work with every nation, including our competitors, to solve global problems like climate change.

☆ 22 GOP state governors are trying to block Biden's student-loan forgiveness even though millions of their residents could benefit
▼ + stars: | 2022-09-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

22 GOP state governors urged Biden to withdraw his student-loan forgiveness plan. Millions of borrowers would likely qualify for the debt cancellation in the 22 GOP-led states. In 11 states, over 1 million borrowers are projected to be eligible for the loan forgiveness, per the data, with California leading the list at 3.5 million borrowers. Since Biden announced his relief, Republicans have been pushing back on the policy — some have even expressed intent to block the loan forgiveness in court. "Nearly 20 million borrowers will have their entire balances discharged, others will benefit from lower balances and lower payments."

☆ I'm a flight attendant for a major airline. We've received more training on de-escalating passengers than ever before.
▼ + stars: | 2022-07-16 | by ( Colleen White | ) www.businessinsider.com time to read: +6 min

It's true what they say: to look at the flight attendant if you're scared during a flight. I really never get scared in turbulence — when I'm traveling for leisure, it usually puts me to sleep. I've been working as a flight attendant for a major airline for four years, and you may have seen me from my TikTok account. Second, I share information or tips that travelers wouldn't normally know, like the fact that a flight attendant can't set foot off of a plane if even a single passenger is on board, per FAA regulations. Courtesy of LeahSome days, I'll work five hours, and other days, I'll work 15.

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