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☆ Did the economy end 2022 with a bang or a whimper?
▼ + stars: | 2023-01-22 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

But the United States economy still seems to be chugging along just fine after experiencing a hiccup in the first half of 2022. Despite worries about weaker consumer spending during the holidays, economists are forecasting solid growth for the fourth quarter. Yearning for earningsMore blue chip companies will report fourth quarter results (and perhaps give guidance about the first quarter of 2023 and beyond) this week. But according to FactSet senior earnings analyst John Butters, earnings for the tech sector are expected to fall nearly 10% in the fourth quarter compared to the fourth quarter of 2021. Verizon (VZ), Johnson & Johnson (JNJ), Travelers (TRV), 3M (MMM), Boeing (BA), Dow (DOW), Visa (V), Chevron (CVX) and American Express (AXP).

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ What's faster than a Corvette? A 'Vette with an electric motor
▼ + stars: | 2023-01-17 | by ( Joseph White | ) www.reuters.com time to read: +1 min

[1/4] General Motors Co's new, hybrid electric sports car, the Corvette E-Ray, is seen in this undated handout photo obtained by Reuters January 15, 2023. General Motors/Handout via REUTERSDETROIT, Jan 17 (Reuters) - General Motors Co (GM.N) on Tuesday revealed a new, hybrid Corvette sports car that uses an electric motor and battery to amp up acceleration and go in the snow. The Corvette E-Ray - a play on the Stingray name used for gasoline-powered versions of the sports car - was revealed on the 70th anniversary of the debut of the original Corvette. The Corvette E-Ray will use a 12-volt lithium-ion battery and a 160-horsepower electric motor to drive the front wheels. A fully electric Corvette will come, but GM executives are not saying when.

☆ CEOs taking steps to amp up innovation and digital transformation, says Conference Board's Steve Odland
▼ + stars: | 2023-01-12 | 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 EmailCEOs taking steps to amp up innovation and digital transformation, says Conference Board's Steve OdlandSteve Odland, The Conference Board president, joins 'Power Lunch' to discuss December's CPI report and CEO recession concerns.

☆ The $360 billion electric car battery market will determine the fate of electric vehicles
▼ + stars: | 2023-01-03 | by ( Alexa St. John | ) www.businessinsider.com time to read: +14 min

There's also money to be made: The EV battery market could hit $360 billion by 2030, according to McKinsey. At Insider, we've looked at white-hot EV battery technologies that give automakers the EV performance they need at the price their customers want. We've investigated how automakers are securing enough battery supply, especially amid the call for domestic sourcing brought on by requirements in President Joe Biden's climate bill. It just led a $400 million investment into the little-known EV battery startup that could make it work. The soon-to-be $339 billion battery industry is on a hiring tear to power the shift to electric cars.

☆ Bitcoin lost over 60% of its value in 2022—here’s how much 6 other popular cryptocurrencies lost
▼ + stars: | 2022-12-23 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

In the latest blow to the crypto space, Core Scientific, one of the largest publicly traded crypto mining companies in the U.S, which primarily mints bitcoin, filed for bankruptcy on Dec. 21, citing falling crypto prices and rising energy costs. Just 8% of Americans have a positive view of cryptocurrency as of Nov. 2022, according to the CNBC All-America Economic Survey. Overall, the crypto market has lost a little over $2 trillion in 2022 and popular digital coins such as bitcoin have fallen far below their 2021 highs. Here's how much the value of seven popular cryptocurrencies changed in 2022 as of Dec. 22, per CNBC's calculations. For this reason, financial experts typically advise against investing more into crypto than you're willing to potentially lose.

☆ Rising interest rates give pause to festivity for markets
▼ + stars: | 2022-12-19 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Japan's Nikkei (.N225) fell 1.1% and the yen , which rose about 0.4% to 136.20 per dollar, was the biggest mover in otherwise quiet currency trade. Japan will consider revising a 2% inflation target agreed between the government and central bank next year, four sources familiar with the matter told Reuters. The yen has been the worst-performing G10 currency this year, with a 15% loss against the dollar, driven mainly by the gap between rising U.S. rates and anchored Japanese rates. U.S. rates were steady last week, despite the Fed projecting further hikes ahead, as traders fret that interest rates are already high enough to start hurting economic growth. It is down 20% for the year and has failed in several attempts at sustainably trading above its 200-day moving average.

☆ Festivity on hold for stocks as rate hikes loom
▼ + stars: | 2022-12-19 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.1%. Japan will consider revising a 2% inflation target agreed between the government and central bank next year, four sources familiar with the matter told Reuters. The yen has been the worst-performing G10 currency this year, with a 15% loss against the dollar, driven mainly by the gap between rising U.S. rates and anchored Japanese rates. U.S. rates were steady last week, despite the Fed projecting further hikes ahead, as traders fret that interest rates are already high enough to start hurting economic growth. It is down 20% for the year and has failed in several attempts at sustainably trading above its 200-day moving average.

☆ Festivity on hold for stocks as rate hikes beckon
▼ + stars: | 2022-12-19 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

Japan's Nikkei (.N225) fell 1% in early trade and the yen , which rose about 0.5% to 136.00 per dollar, was the biggest mover in quiet currency trade. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.4%. The yen has been the worst-performing G10 currency this year, with a 15% loss against the dollar, driven mainly by the gap between rising U.S. rates and anchored Japanese rates. U.S. rates were steady last week, despite the Fed projecting further hikes ahead, as traders fret that interest rates are already high enough to start hurting economic growth. It is down 20% for the year and has failed in several attempts at sustainably trading above its 200-day moving average.

☆ US senators have unveiled a new bipartisan bill to crack down on crypto money laundering
▼ + stars: | 2022-12-14 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

US Senators are cracking down on money laundering via cryptocurrency in a new bill on Wednesday. Senators Elizabeth Warren and Roger Marshall proposed the bill titled "Digital Asset Anti-Money Laundering Act of 2022." The bill, titled "Digital Asset Anti-Money Laundering Act of 2022," could amp up know-your-customer (KYC) requirements in an effort to deter bad actors in the nascent space. If it becomes a law, wallet providers, cryptocurrency miners, validators, and mixers could be classified as money service businesses. Warren, who has been a long-time outspoken critic of digital assets, says that she wants the industry to comply with the same money laundering rules as traditional financial institutions.

☆ How Republicans are 'playing to the Fox News crowd' with attacks on TikTok
▼ + stars: | 2022-12-13 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —Republicans are escalating their attacks on TikTok. “It’s playing to the Fox News crowd,” a person close to TikTok, who requested anonymity because they were not publicly authorized to speak on the matter, said on Tuesday. The posturing comes at a pivotal moment in the years-long negotiations between TikTok and the US government on a potential deal that aims to address national security concerns and allow the app’s continued use in the US. But, as The WSJ recently reported, the national security talks have hit a snag as pressure mounts on the company. But the type of action being taken by Republicans seems more geared toward playing to their base than anything else.

☆ Making the case for anchovies
▼ + stars: | 2022-12-12 | by ( Casey Barber | ) edition.cnn.com time to read: +7 min

Bagna cauda, the Italian dipping sauce made from anchovies, garlic, butter and olive oil, is traditionally served with crudités as an appetizer. Bagna cauda is an Italian dipping sauce for vegetables made from anchovies, garlic, butter and olive oil. Anchovies in pastaFinally, the same strategy of dissolving the umami flavors of anchovies in a sauce comes into play when making a rich and comforting pasta. When buying anchoviesWhen choosing a tin or jar of anchovies, Roman said to make sure the anchovies are oil-packed, salt-cured anchovy fillets, not brined, pickled or whole anchovies. Though the ingredients in each container should be the same — anchovies, salt and olive oil — the fillets will vary in saltiness, taste and texture.

☆ Take a look at the world's first 'upcycled' skyscraper that's been crowned building of the year
▼ + stars: | 2022-12-10 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

Quay Quarter Tower has been named World Building of the Year at the World Architecture Festival. The 49-storey skyscraper was partly built around the structure of an existing office building. Quay Quarter has been dubbed the world's first "upcycled skyscraper." The prize is the latest honour for Quay Quarter Tower, which has been dubbed the world's first "upcycled skyscraper" and a more sustainable solution to high-rise construction. Adam Mork/3XNThe 676 foot, 49-storey Quay Quarter Tower was announced as the winning design in 2014.

☆ Stocks sputter as growth fears deepen despite China COVID shift
▼ + stars: | 2022-12-07 | by ( Tom Westbrook | ) www.reuters.com time to read: +5 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.2% and Japan's Nikkei (.N225) fell 0.7%. The growth fears rallied longer-dated bonds and helped the safe-haven U.S. dollar to pause its recent retreat. That is more than 80 bps below the two-year yield as investors reckon on high rates hurting growth. The Australian dollar was broadly steady at $0.6680 despite Australian third-quarter growth coming in a bit below forecasts. The U.S. dollar index sat at 105.5.

☆ Stocks rally sputters as growth fears deepen
▼ + stars: | 2022-12-07 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

"We might be transitioning from a situation of worrying about inflation and interest rates, to one where the negatives become weakening growth and falling profits." The growth fears rallied longer-dated bonds and helped the safe-haven U.S. dollar to pause its recent retreat. That is more than 80 bps below the two-year yield as investors reckon on high rates hurting growth. The Australian dollar was broadly steady at $0.6696 despite Australian third-quarter growth coming in a bit below forecasts. The Canadian dollar hovered at 1.3644 per dollar ahead of an expected rate hike from the Bank of Canada later on Wednesday.

☆ Stocks rally sputters as growth fears resurface
▼ + stars: | 2022-12-07 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

SINGAPORE, Dec 7 (Reuters) - Asia's stockmarkets wobbled lower on Wednesday as reality bit on hopes for a soft economic landing in the United States, and investors curbed their enthusiasm about China's reopening. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.4% and Japan's Nikkei (.N225) fell 0.5%. The growth fears rallied longer-dated bonds and helped the safe-haven U.S. dollar to pause its recent retreat. That is more than 80 bps below the two-year yield as investors reckon on high rates hurting growth. The Australian dollar was broadly steady at $0.6707 despite Australian third-quarter growth coming in a bit below forecasts.

☆ Microsoft says it will bring Call of Duty to Nintendo for 10 years if Activision deal closes
▼ + stars: | 2022-12-07 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Regulators have raised concerns that Microsoft could block the hit Call of Duty franchise from being released on rivals' games consoles. Microsoft said it has offered Sony a 10-year contract for Call of Duty to be released on the PlayStation on the same day it comes to the Xbox. Microsoft was not immediately available for comment on these points when contacted by CNBC. Spencer also said that Microsoft has "committed" to offer Call of Duty on game distribution platform Steam simultaneously to Xbox after the close of the deal. Activision is the developer for Call of Duty.

☆ I tried to cut a deal with Jeff Bezos to save my hometown's paper mill and failed. Here's what I learned from it.
▼ + stars: | 2022-12-06 | by ( Justin Vandehey | ) www.businessinsider.com time to read: +8 min

Justin Vandehey wanted to save the paper mill in his hometown of Wisconsin Rapids. He presented a proposal to Jeff Bezos on how the paper industry could reinvent itself. Is the paper industry really dead? It takes paper to make paperThe two machines in the Wisconsin Rapids mill are currently set up to produce 570,000 tons of coated paper each year. The CEO of BillerudKorsnäs, Christoph Michalski, hasn't committed to any plans regarding the Wisconsin Rapids Mill; however, it does appear that there's interest from the local Timber Professionals Cooperative to acquire and keep the Wisconsin Rapids Mill operating in Wisconsin Rapids.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) lost 0.2% in early trade. Nonetheless, the index is set to rise 4.2% for the week, hovering around the highest level since September. "I think the rally can probably continue but in the short-term the payrolls are the one to watch closely." The Euro hit a fresh five-month high at $1.0539 while the Japanese yen also scaled a new three-month high against the U.S. dollar. The Aussie dollar dipped slightly to $0.6796, after blowing past major resistance at 68 cents in the previous session, on Fed pivot hopes and China easing its zero-COVID policy.

☆ Professional matchmaker's 3 keys to highly successful relationships at work: 'You have to see your patterns'
▼ + stars: | 2022-12-01 | by ( Natasha Piñon | ) www.cnbc.com time to read: +3 min

As the founder of Selective Search, a matchmaking service that uses Fortune 500 executive recruitment techniques for personal matchmaking, Adler works to guide professionals toward relationships that last. Her work places her firmly at the intersection of business and pleasure — and building strong, lasting relationships is a cornerstone of success in any workplace. It's the same thing at work," Adler says. The benefits of thriving relationships at work extend far beyond a personal climb up the corporate ladder. But hierarchies can breed toxicity, Adler says — just as clichés about who has power in personal relationships can be disastrous, too.

☆ Australia house prices forecast to slump 16% from peak
▼ + stars: | 2022-11-25 | by ( Vivek Mishra | ) www.reuters.com time to read: +3 min

Australian house prices have nearly doubled since the financial crisis but that boom has led to a build-up of household debt that could become a risk to financial stability. Although average house prices have fallen 6.5% since a peak late last year, with losses spreading to every state capital, they are still well above pre-pandemic levels. "We expect a peak to trough housing fall of 15-20% and this should be considered an orderly descent," said Adelaide Timbrell, senior economist at ANZ. While lower house prices would help improve affordability, it would be a bitter pill to swallow for recent homeowners, watching their capital decline and facing higher repayments as interest rates rise. AMP, ANZ, Knight Frank and Macquarie said average house prices would have to fall between 25% and 45% to make Australian housing affordable.

☆ New subvariants, family gatherings may bring more Covid-19 after holiday, but experts don’t expect severe surge
▼ + stars: | 2022-11-24 | by ( Brenda Goodman | ) edition.cnn.com time to read: +9 min

Experts expect that Thanksgiving gatherings will stir up social networks and give new coronavirus subvariants fresh pockets of vulnerable people to infect. And we are concerned that after holiday gathering, lots of people coming together, that we may see increases in Covid-19 cases as well,” Dr. Rochelle Walensky, director of the US Centers for Disease Control and Prevention, said Tuesday on CNN. For the week ending Nov. 19, the CDC estimates that BQ.1 and BQ.1.1 were causing about half of all new Covid-19 cases in the US. Covid-19 cases, hospitalizations and deaths have remained flat for the past four weeks. “It’s probably got a bit more of a fitness advantage, so what we’re seeing is gradual replacement without a massive change in the total number of Covid-19 cases,” he said.

☆ New Zealand's central bank will probably keep 'talking tough' on inflation, economist says
▼ + stars: | 2022-11-23 | 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 EmailNew Zealand's central bank will probably keep 'talking tough' on inflation, economist saysDiana Mousina of AMP Capital says the Reserve Bank of New Zealand has been quite dovish in terms of its growth projections.

☆ This Is Your Brain on ‘Deep Reading.’ It’s Pretty Magnificent. - The New York Times
▼ + stars: | 2022-11-22 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +57 min

But if over time, we have begun to elaborate this brain so that it includes deep reading, the unnatural apex of the achievement of reading is what deep reading provides. And every time I get off of a plane, I say to myself, I’m going to do that more. I’m going to sit and I’m going to have quiet time with a book. I’m going to bring this to me in a second, so I’m not just putting this on little kids. maryanne wolfThe first thing I do is understand the purpose of whatever I’m reading.

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☆ How to answer those dreaded personal questions at holiday gatherings
▼ + stars: | 2022-11-22 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

CNN —The table is set, friends and family draw near, and you already know what comments or questions are going to come your way. Boundaries are hard, though, and it takes some preparation to know how to respond instead of reacting to protect your feelings, Orange added. Or you can be more playful when it comes to questions about weight loss with “I’m just thankful that my body does so much for me every day” or “I don’t know. I don’t focus on my weight.”And if the body-shaming talk continues or you don’t feel comfortable saying something, feel empowered to excuse yourself from the conversation, Rollin said. Start by redirecting with a nice comment and a new conversation like: “I love how much you love love and you want everyone to be as happily partnered as you are.

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