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☆ U.S. tech giants face pressure from Europe's telcos to pay for building the internet
▼ + stars: | 2022-10-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Michael Bocchieri | Getty ImagesIn Europe, the battle between U.S. Big Tech companies and telecommunications firms has reached fever pitch. In May 2022, EU competition chief Margrethe Vestager said she would look into requiring Big Tech firms to pay for network costs. In South Korea, companies have similarly lobbied politicians to force "over-the-top" players like YouTube and Netflix to pay for network access. Tech companies, naturally, don't think they should pay for the privilege of sending their traffic to consumers. There's also the matter of why internet users pay their providers in the first place.

☆ Auto dealer stocks rally despite Wall Street's 'demand destruction' theory
▼ + stars: | 2022-10-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. DETROIT – Shares of AutoNation , Group 1 Automotive and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand for new vehicles. "Clearly, there is some normalization that's going to occur and has occurred," Group 1 CEO Earl Hesterberg told investors after the company beat Wall Street's expectations on Wednesday. Shares of AutoNation were up by as much as 8.2% after the company beat Wall Street's estimates on Thursday. Pricing remains strong, demand remains strong for our products, but we can't ignore what others are saying out there and what others are seeing out there," GM CFO Paul Jacobson told reporters Tuesday after reporting strong third-quarter earnings.

☆ Big Tech tumbles as results sound alarm bells
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +3 min

Meta Platforms Inc (META.O), which is scheduled to report after markets close on Wednesday, was trading 4% lower. Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O), both due to report on Thursday, were down about 4% and 1%, respectively. While most Big Tech stocks have edged higher in the past few weeks, overall it has been a bleak year for the sector. Netflix, Meta, Amazon, Microsoft, Alphabet and Apple have already lost a combined $2.5 trillion in market value so far this year. read moreReporting by Yuvraj Malik and Akash Sriram in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

☆ The decider: Jill Biden’s unparalleled influence and impact on the president
▼ + stars: | 2022-10-21 | by ( Peter Nicholas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +17 min

WASHINGTON — Whenever his aides are pressed about President Joe Biden’s political future, they’ll often point to one person as the true decider: his wife of 45 years, Jill Biden. Eager to introduce herself to Gina McCarthy, then the president’s chief climate adviser, she gathered some flowers from a White House garden and brought them to her office, according to White House aides. When the realization of her new security restrictions sunk in, Jill Biden told her staff she didn’t want to become isolated. Journeys outside the protective cocoon of the White House expose her to the vitriol coursing through the nation’s politics. “I don’t pay attention because I just don’t want to hear it,” Jill Biden said.

☆ Intel Needs to Get Mobileye on the Road
▼ + stars: | 2022-10-18 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Cold feet isn’t a luxury Intel can afford these days. Some trepidation is understandable when it comes to Intel’s plan to re-spin Mobileye to the public in the current market. The Dow, S&P 500 and Nasdaq Composite have all notched double-digit losses so far this year, putting the market on pace for its worst annual performance since the global financial crisis in 2008.

☆ Earnings playbook: How to trade a big week of results including Netflix and Goldman Sachs
▼ + stars: | 2022-10-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +13 min

Tuesday Johnson & Johnson is set to report earnings in the premarket, followed by a call at 8:30 a.m. What history shows: FactSet data shows Johnson & Johnson has beaten earnings expectations every quarter since 2011. Goldman Sachs is set to report earnings before the market open. Netflix is set to report earnings after the bell, followed by a conference call between management and analysts at 6 p.m. What history shows: American Airlines has beaten earnings expectations 89% of the time over its history, according to Bespoke.

The Ethereum blockchain's mega-upgrade finally went live on Sept. 15, moving it to a less energy-intensive "proof of stake" (PoS) system with hardly a hiccup. Some crypto investors are now turning their attention to the next event that could shake up prices. It would allow validators, who have deposited ether tokens on the blockchain in exchange for a yield, to withdraw their staked coins, to hold or sell. Longer-term, though, the switch to PoS is expected to decrease the rate at which ether tokens are issued - potentially by up to 90% - which should drive up prices. Additionally, annual yields of 4.1% for staking ether tokens to validate transactions could prove tempting for investors.

☆ Florida Gov. Ron DeSantis dangles numerous tax cuts on everything from pet food to baby supplies ahead of November reelection bid
▼ + stars: | 2022-09-20 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

Ron DeSantis has proposed an additional $1.1 billion in tax cuts presented weeks ahead of his November reelection bid. He promised to announce more tax cuts in the weeks ahead. Still, some of the tax cuts DeSantis is proposing come on items that families find essential and that they'd likely buy with or without a tax break. Florida is one of nine states that doesn't have a state income tax, and tax cuts are typically a major part of GOP platforms. DeSantis first previewed the proposed tax cuts during a press conference at the end of August.

☆ Ukraine allies see risk in Russia's response to battlefield setbacks
▼ + stars: | 2022-09-18 | by ( ) www.cnbc.com time to read: +4 min

Ukrainian soldiers sit on infantry fighting vehicles as they drive near Izyum, eastern Ukraine on September 16, 2022, amid the Russian invasion of Ukraine. Such repeated threats have raised concerns Putin could at some point turn to small nuclear weapons or chemical warfare. It would change the face of war unlike anything since World War Two." Some military analysts have said Russia might also stage a nuclear incident at Zaporizhzhia, Europe's largest nuclear power plant held by Russia but run by Ukrainian staff. His remarks were a reminder of the risks of escalation as the United States and its NATO allies aid Ukraine from a distance.

☆ The coworkers who fell in love when they shared a hotel room
▼ + stars: | 2022-08-17 | by ( Francesca Street | ) edition.cnn.com time to read: +10 min

CNN —When Ida Skibenes pulled up outside the Solstrand Hotel, her stomach was in knots, flipping between nerves and excitement. The historic Solstrand Hotel in Norway played an important role in Hanna and Ida's relationship. The next day, Ida and Hanna were preoccupied with a busy day of meetings and presentations. Hanna and Ida got engaged at the Solstrand hotel, and got married in Bergen in 2022. I’ve never been in such a close relationship before and it changed my life in many different ways.

Persons: Ida Skibenes, Ida, Ida’s, Solstrand, Hanna Aardal, CNN Hanna, Hanna, ”, Montag, messaged, “, Ida didn’t, Ida Skibenes Ida, ’, ’ ”, Montag Hanna, ” Ida, Solstrand Ida, ” Hanna, ‘, Ragnhild Storsletten Åse, Ida Skibenes Hanna, ” “ It’s, she’s, I’ve Organizations: CNN Locations: Bergen, Ida’s Bergen, Solstrand, Norway, Ida

☆ Kathy Hilton’s Calling
▼ + stars: | 2021-08-18 | by ( Max Berlinger | ) www.nytimes.com time to read: +1 min

Kathy Hilton — dressed in a black Valentino gown, gold belt, and studded stilettos for a photo shoot — was begging for some attention. Ms. Hilton sighed and shrugged. Set amid a season of heavy legal dramas and lighter histrionic fare, Ms. Hilton’s oddball asides and eccentric behavior has sent the internet into paroxysms of adulation. “And the words they used … they said, ‘You’re quirky and refreshing.’” Her sunny face went dumbstruck. I’ve been asking my friends lately, ‘Do you think I’m quirky?’”

Persons: Kathy Hilton —, Valentino, —, “, Moty, trepidation, Hilton sighed, ‘, Hilton, I’ve Organizations: Housewives, Beverly Locations: Beverly Hills

☆ 'Barrett is like Jesus' for evangelical voters: Why confirming a new Supreme Court justice before the election mattered more to Republicans than another coronavirus stimulus
▼ + stars: | 2020-10-28 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +9 min

It pales in comparison to getting the Supreme Court justice," an expert told Insider. The federal judge — now a newly minted Supreme Court Justice — is the first nominee in US history to be confirmed this close to an Election Day. McConnell's 'leave no vacancy behind' mindset about the courtsAnd the timing couldn't have been more ideal for the party, experts told Insider. In total, the top Republican has overseen 220 confirmations, including three Supreme Court justices. The Supreme Court offers them a shortcut "to enforce these kinds of values that they're really concerned about."

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