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☆ The corporate girlies are not okay
▼ + stars: | 2023-03-11 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

On TikTok, corporate girlies document their 9 to 5 grinds, from outfits to work set-ups. That's led corporate girlies to rethink how they define themselves by work, and who they are as workers. Corporate girlies often have the stability of a high-paying, flexible job with benefits and perks. Self-described corporate girlie Elizabeth Raman-Grubbs — who stressed her views are hers, and not her employer's — said the very "glamorized" aesthetic of the lifestyle on social media has shifted as layoffs swept the industries where corporate girlies dwell, like tech and other professional services. But Raman-Grubbs is still bullish on corporate girlies.

At the Fontainebleau hotel, Credit Suisse bankers were puzzled by the announcements, and concerned about their jobs being on the line, said the executive, who declined to be named. In response to questions from Reuters for this article, a spokesperson for Credit Suisse in London said: "We never comment on rumours or speculation." 'A ROCK AND A HARD PLACE'Even after Credit Suisse stopped financing hedge funds following the Archegos implosion in March 2021, the equities business remained a key part of its investment bank revenue. One option Credit Suisse is considering is to move its equities research to CSFB, Reuters reported. Slimming down the equities business would draw a further line under Credit Suisse's investment bank ambitions.

☆ Premarket stocks: Jerome Powell's testimony sent markets reeling. That may be a good thing
▼ + stars: | 2023-03-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Federal Reserve Chairman Jerome Powell on Tuesday cleared the way for larger interest rate hikes at this month’s central bank policy meeting, sending markets into a tailspin. The S&P 500 fell 1.5%, the Dow dropped 575 points, or 1.7%, and the tech-heavy Nasdaq composite ended 1.3% lower. After Powell’s testimony, market expectations for a half-percentage point rate hike spiked. If inflation fails to continue falling, he said, the Fed will keep trying to cool things down by raising rates. Even if Powell was sure that January’s economic data was a fluke, he still wants to maintain the Fed’s credibility.

The area, part of Khyber-Pakhtunkhwa province, is a hotbed for fighters of the Tehreek-e-Taliban Pakistan (TTP), an umbrella organisation of Sunni Islamist groups. A TTP spokesman, Muhammad Khurasani, told Reuters its main target was Pakistan's military, but the police were standing in the way. "Khyber-Pakhtunkhwa pays a greater price for that" because of its exposure to the Islamist militants, he said. The TTP ended the ceasefire in November 2022, and regrouped militants restarted attacks in Pakistan soon after. Reporting by Gibran Naiyyar Peshimam and Jibran Ahmad in Bara, Pakistan; additional reporting by Saud Mehsud in Dera Ismail Khan, Pakistan; editing by David Crawshaw.

☆ Biden to deliver State of the Union address amid high inflation and divided Congress that threaten to derail economy
▼ + stars: | 2023-02-06 | by ( Emma Kinery | ) www.cnbc.com time to read: +6 min

"Put simply, I would argue the Biden economic plan is working. The White House is already seeing challenges under House Speaker Kevin McCarthy and the new Republican majority. House Republicans have been in a fraught standoff with the White House over raising the debt ceiling, a topic the White House has said is not up for negotiation. The White House on Friday announced that National Economic Council Director Brian Deese, Biden's top economic aide, is departing. Jeff Zients, former White House Covid-19 response coordinator under Biden and an economic advisor to former President Barack Obama, will replace Ron Klain as White House chief of staff.

☆ A top oil analyst explains Europe’s new fuel sanctions on Russia and how that impacts global energy markets
▼ + stars: | 2023-02-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The flow of crude oil is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela's state oil company PDVSA Carlos Garcia Rawlins/ReutersMatt Smith is the lead oil analyst at Kpler. Phil Rosen: This week the EU has new sanctions and a price cap kicking in on Russian oil products, such as diesel. MS: They're one of the leading producers and leading exporters in the world, so we shouldn't expect that to change. What will influence this is how long this war goes on, and how detrimental that is to its energy industry. Demand for cardboard boxes has dropped to levels not seen since the 2008 financial crisis.

☆ Watch live: Biden to tout job growth and slowing inflation rates in speech on economy
▼ + stars: | 2023-01-26 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

Biden's speech also comes as Republicans in Congress prepare for a standoff with the White House on the debt ceiling. House Republicans have threatened to withhold support unless measures are implemented to cut spending, a position that they ignored during the Trump administration and previous Republican presidents. The debt ceiling is the legal limit set by Congress of how much the federal government can borrow. Failing to lift the debt ceiling could lead the U.S. to default on its bond payments, potentially causing catastrophic effects on the economy. The environment then was similar to the situation currently playing out where a newly-elected Republican majority refused to lift the debt ceiling under a Democratic president.

☆ Hundreds protest in Baghdad over Iraqi dinar's slide
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

BAGHDAD, Jan 25 (Reuters) - Hundreds of people demonstrated near central bank headquarters in Baghdad on Wednesday to protest at the recent slide of the Iraqi dinar against the dollar that has triggered a rise in prices of imported consumer goods. Hundreds from different Iraqi regions waved Iraqi flags or carried banners demanding government intervention to stop the dinar's decline to around 1,620 to the greenback from 1,470 in November. Under the curbs that took effect this month, Iraqi banks must use an online platform to reveal their transaction details. [1/2] Police officers gather as Iraqi protesters demonstrate against the dinar's slide in value against the U.S. dollar, near the central bank in Baghdad, Iraq January 25, 2023. Dozens of anti-riot policemen were deployed around the central bank building and surrounding streets but no clashes or arrests were reported.

☆ The founders of Web3 startup QuickNode managed to raise $60 million, valuing the company at $800 million — even after the fall of FTX. Here's how they did it.
▼ + stars: | 2023-01-24 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Web3 infrastructure company QuickNode has raised $60 million at an $800 million valuation. That's illustrated by the blockchain infrastructure company QuickNode, which just announced $60 million in Series B funding at an $800 million valuation. That's helped QuickNode quadruple its revenue over the past year, Alex Nabutovsky, QuickNode's CEO and cofounder, told Insider. QuickNode's founders decided it was best to put off raising a Series B and focus on their company's growth. Back then, QuickNode's founders received a term sheet in a matter of days, capped off with a meal at the trendy restaurant Carbone.

☆ Wintry weather kills 78 in Afghanistan, Taliban say
▼ + stars: | 2023-01-19 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

Taliban officials said Thursday that 78 people have died in just over a week during the harsh winter in Afghanistan, deepening the country’s humanitarian crisis. Shafiullah Rahimi, a Taliban spokesperson for the Ministry of Natural Disaster Management, said the deaths occurred since Jan. 10. The United Nations Office for the Coordination of Humanitarian Affairs said Thursday that bitterly cold weather in Afghanistan has reportedly killed thousands of livestock across the eastern, western and northern regions. “We are deeply saddened by that our countrymen have lost their lives in some provinces due to the severe cold weather,” said the statement. Half of Afghanistan’s population, or 24 million people, are in need of humanitarian aid, according to the group.

☆ New Year, new rally: Why bitcoin is up 26% this month after a tumultuous 2022
▼ + stars: | 2023-01-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

"The most important macro data investors are focussing on is the weak services PMI and the trending down of employment and wage data. 'Whales' buying BTCLarger purchasers of digital coins known as "whales" may be leading the latest rally in bitcoin, according to Kaiko. Several bitcoin miners have been flushed out by the drop in prices. Bitcoin miners, who use power-intensive machines to verify transactions and mint new tokens, have been squeezed by the slump in prices and rising energy costs. That's historically a good sign for bitcoin, according to Ayyar.

☆ Biden promised a reckoning when Saudi Arabia crossed him. 3 months later, it is clear he's backed down.
▼ + stars: | 2023-01-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

President Joe Biden had pledged to hold Saudi Arabia to account over cutting oil supplies. It came after Saudi Arabia and Russia cut oil supplies, sparking inflation fears. In concert with Russia, Saudi Arabia had cut oil production, an economic kick in the shin for the US just in time for the midterm elections. Three months later, Saudi Arabia and its crown prince, Mohammed bin Salman, remain unpunished. Cafiero noted a series of other developments he said had focused minds in both the US and Saudi Arabia on common interests.

Treasury Secretary Janet Yellen on Friday notified Congress that the U.S. will reach its statutory debt limit next Thursday. Yellen said it is "critical that Congress act in a timely manner to increase or suspend the debt limit." Congress in December 2021 increased the federal debt limit to about $31.4 trillion. This can extend the clock for weeks or months while Congress hashes out a bill to raise the borrowing limit. Yellen added, "Increasing or suspending the debt limit does not authorize new spending commitments or cost taxpayers money.

US House Majority Leader Steve Scalise, Republican of Louisiana, speaks alongside House Republican Conference Chair Representative Elise Stefanik (L), Republican of New York, as they speak during a press conference on Capitol Hill in Washington, DC, January 10, 2023. House Republican Majority Leader Steve Scalise sidestepped thorny questions Tuesday on whether Congress would allow the U.S. to default on its debt after lawmakers adopted new rules making it more difficult to raise federal limits. It includes the total amount of federal debt outstanding, about $24.5 trillion, as well as the nearly $6.9 trillion the government has borrowed from itself. "America over time occasionally hits the debt ceiling because it's like a credit card limit," Scalise, R-La., said at a press conference in the Capitol building. The last major rift over the debt ceiling was in late 2011, driven by holdout from a newly-elected Republican congressional majority.

☆ Kevin McCarthy elected speaker of the House, ending days of Republican chaos and division in Washington
▼ + stars: | 2023-01-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Kevin McCarthy finally realized his goal and was elected speaker of the House. McCarthy was elected after days of failure amid the most chaotic speaker election in over a century. McCarthy clinched the speaker's gavel after 15 ballots and in the wee hours of the fifth day of voting. House GOP leaders then scrambled to delay future votes until Monday before abruptly reversing and forcing an immediate 15th vote. He'll also have to grapple with a Democratic-controlled Senate and White House, which will certainly block many conservative priorities.

☆ Giving away more power did nothing for Kevin McCarthy, who lost his 8th House speaker ballot after further bowing to dissidents' demands
▼ + stars: | 2023-01-05 | by ( Warren Rojas | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Kevin McCarthy kept flailing Thursday as 20 House conservatives torched another speaker vote. Republican Rep. Josh Gottheimer, who was once a thorn in House Democrats' side, said the GOP could be in for chaos if talks could on their current trajectory. Republican Rep. Dan Crenshaw of Texas previously compared bringing back the procedural maneuver to governing "with a gun to your head." According to multiple reports, McCarthy has now agreed to let a single House Republican wield that power. This almost certainly means McCarthy would need to rely on House Democrats, a scenario that has doomed past GOP speakers.

☆ PM Sunak promises to tackle Britain's most pressing problems
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: +4 min

Prime Minister Rishi Sunak promised on Wednesday to tackle Britain's most pressing problems, from cutting inflation to ending illegal migration, in a speech aimed at reassuring his restive Conservative Party before the next election. Five foundations, on which to build a better future for our children and grandchildren," Sunak said in a speech in east London. So, I ask you to judge us on the effort we put in and the results we achieve," Sunak said. We're either delivering for you or we're not," Sunak said on Wednesday. "I ask you to judge us on the effort that we put in and the results that we achieve."

☆ PM Rishi Sunak sets out priorities for Britain, responds to critics
▼ + stars: | 2023-01-03 | by ( Elizabeth Piper | ) www.reuters.com time to read: +3 min

LONDON, Jan 3 (Reuters) - British Prime Minister Rishi Sunak will set out his priorities for 2023 on Wednesday, using his first speech of the year to try to reassure his restive Conservative Party that he has what it takes to lead them into the next national election. Wednesday's speech will be as much a statement of intent as a reply to critics who doubt whether the man, who failed to win against Truss in the Conservative leadership race in September, has what it takes to help the party win the next election. Billed by his Downing Street office as a speech to set out his priorities for the year ahead and ambition for a better future for Britain, Sunak, 42, will set out his commitment to deliver for the long term on issues such as low numeracy rates. The speech will not come too soon for those in his governing Conservative Party who see little chance of winning the next election, expected in 2024. Reporting by Elizabeth Piper, additional reporting by Muvija M.; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ A long-term illness crisis is threatening the UK economy
▼ + stars: | 2022-12-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

Leon Neal/Getty ImagesLONDON — Along with sky-high inflation and energy costs, a Brexit-related trade tailspin and a recession in progress, the U.K. economy is being hammered by record numbers of workers reporting long-term sickness. Unlike other major economies, recent U.K. data shows no sign that these lost workers are returning to the labor market, even as inflation and energy costs exert huge pressure on household finances. The U.K. avoided mass job losses during the Covid-19 pandemic as the government's furlough program subsidized businesses to retain workers. "The U.K. was particularly vulnerable because of austerity — NHS waiting lists were rising sharply, and performance/satisfaction was falling sharply, well before the pandemic," Portes said. However, the report noted that this isn't a recent phenomenon, and the waiting list has been growing rapidly since 2012.watch now

☆ Major aid groups suspend work in Afghanistan AS Taliban bar women
▼ + stars: | 2022-12-26 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

KABUL, Afghanistan — Four major international aid groups on Sunday suspended their operations in Afghanistan following a decision by the country’s Taliban rulers to ban women from working at non-governmental organizations. Excluding women from schools and NGO work in Afghanistan “can and will lead to catastrophic humanitarian consequences in the short to long term,” the International Committee of the Red Cross warned. Half of Afghanistan’s population, or 24 million people, are in need of humanitarian aid, according to the group. The International Rescue Committee said it was dismayed by the Taliban decision, adding that more than 3,000 of its staff in Afghanistan are women. The Economy Ministry’s order comes days after the Taliban banned female students from attending universities across the country, triggering backlash overseas and demonstrations in major Afghan cities.

☆ Tesla shares tumble, on track for worst month ever
▼ + stars: | 2022-12-22 | by ( Noel Randewich | ) www.reuters.com time to read: +2 min

Dec 22 (Reuters) - Tesla Inc (TSLA.O) shares are on track for their worst month ever as a sell-off deepened on Thursday over worries about softening demand for electric cars and Chief Executive Elon Musk's distraction with Twitter. Tesla's stock has tumbled 36% so far in December, putting it on track for its worst ever monthly performance. By comparison, Tesla's shares dropped 22% in March 2020, when the coronavirus pandemic tipped financial markets into a tailspin. Musk has also sold almost $40 billion worth of his Tesla shares this year, adding to pressure on the stock as investors worry he could sell more to keep Twitter afloat. Tesla's market cap vs analyst price targetsReporting by Noel Randewich; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Treasury yields rise as investors assess monetary policy, economic outlook
▼ + stars: | 2022-12-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Treasury yields rose on Monday as investors continued to assess the outlook for the economy and monetary policy, after last week's hawkish comments from the U.S. Federal Reserve. The yield on the benchmark 10-year Treasury note was up by more than 3 basis points at 3.5167%, and the yield on the 30-year Treasury bond added around 4 basis points to 3.5750%. Yields move inversely to prices. Recession fears were revived as the central bank raised its forecast for rate increases to 5.1%, sending risk assets into a tailspin. Auctions will be held Monday for $54 billion of 13-week Treasury bills and $45 billion of 26-week bills.

☆ Egypt: How the Arab world's most populous country became addicted to debt
▼ + stars: | 2022-12-16 | by ( Cnn Staff | ) edition.cnn.com time to read: +12 min

The loan, along with billions of dollars in cash inflows from Abu Dhabi and Riyadh, are Band-Aids, experts say, designed to keep the Arab world’s most populous country afloat. Without proper reforms, however, Egypt may never be able to shake off its chronic financial woes and break its growing debt addiction. Billions of dollars from Abu Dhabi and Riyadh have poured into the Egyptian economy in recent years. Saudi Arabia’s Public Investment Fund (PIF) also launched the Saudi Egyptian Investment Company (SEIC) in August, a company dedicated to investments in several vital sectors of the Egyptian economy. Still, the Egyptian economy has struggled to shake off its economic woes.

☆ The whole ad industry will be in a tailspin until there's better visibility, says Jefferies' Thill
▼ + stars: | 2022-12-15 | 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 EmailThe whole ad industry will be in a tailspin until there's better visibility, says Jefferies' ThillBrent Thill, Jefferies, joins 'TechCheck' to discuss some of Netflix's advertising challenges, what's accelerated the deterioration in ad markets and more.

☆ 'It's A Wonderful Life': See the classic Christmas film on the big screen this month
▼ + stars: | 2022-12-10 | by ( Jeanne Bonner | ) edition.cnn.com time to read: +11 min

Karolyn Grimes and James Stewart in "It's A Wonderful Life." Fathom has long wanted to revive showings of “It’s A Wonderful Life,” Carey said, noting that fans have been asking for it. No film is a failure if it has fansWhat’s long delighted film historians is the fact that when “It’s a Wonderful Life” debuted, it was largely deemed a wash. As film historian Jeanine Basinger writes in her compendium, “The It’s A Wonderful Life Book,” the original idea for the film languished for years before the studio RKO sold it to Capra in 1945 for a mere $10,000. William Edmunds and James Stewart in 1946's "It's A Wonderful Life."

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