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☆ What a China reopening could mean for the global economy
▼ + stars: | 2023-01-11 | 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 EmailWhat a China reopening could mean for the global economyLeland Miller, China Beige Book, on whether a China reopening will be a greenlight for the economy. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Carter Worth, Steve Grasso and Courtney Garcia.

☆ Breaking News: Nelson Peltz seeks Disney board seat
▼ + stars: | 2023-01-11 | by ( Melissa Lee | ) 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 EmailBreaking News: Nelson Peltz seeks Disney board seatCNBC's David Faber reports that activist investor Nelson Peltz is seeking a seat on Disney's board of directors. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Carter Worth, Steve Grasso and Courtney Garcia.

☆ Inside Goldman Sachs' layoffs: 'Every 10 minutes, I just kept hearing that someone was being let go'
▼ + stars: | 2023-01-11 | by ( Carter Johnson | Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

"Every 10 minutes, I just kept hearing that someone was being let go," one employee said. Goldman, which reports fourth-quarter earnings next week, has had the added problem of having lost billions on its nascent consumer banking experiment. "We've just been hearing that today was doomsday and that we'd start hearing cuts this morning. Every 10 minutes, I just kept hearing that someone was being let go," this person said. Consumer banking associateGoldman Sachs' spokesman Tony Fratto said: "We know this is a difficult time for people leaving the firm.

☆ Everything you need to know about the M&A market for 2023
▼ + stars: | 2023-01-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

After a long, cold dealmaking season, insiders are hoping to the market begin to thaw this year. So Insider's Carter Johnson spoke to six M&A bankers about what to expect this year. And while it's true sellers could always try and wait out the market, there's no gurantee of when things can get better. Click here to read more about what to keep an eye out for in the M&A market this year. This is what we know about the man some once considered to be a potential successor to CEO James Gorman.

☆ Factbox: Golden Globe awards: Full list of nominees
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +7 min

[1/5] Butler poses backstage after receiving the Breakthrough Performance Award at the 34th Annual Palm Springs International Film Festival Awards gala in Palm Springs, California, U.S., January 5, 2023. REUTERS/Mario AnzuoniJan 10 (Reuters) - Hollywood gathers on Tuesday for the 2023 Golden Globes, the first major awards show of the season. After diversity and ethics scandals at the Globes organizer - the Hollywood Foreign Press Association - NBC declined to air the ceremony in 2022, but will broadcast the show this year for its 80th anniversary. The following is the full list of nominees:MOVIESBEST PICTURE-DRAMA“Avatar: The Way of Water”“Elvis”“The Fabelmans”“Tar”“Top Gun: Maverick”BEST PICTURE-MUSICAL OR COMEDY"Babylon"“The Banshees of Inisherin”“Everything Everywhere All at Once”“Glass Onion: A Knives Out Mystery”“Triangle of Sadness”BEST ANIMATED FILM“Guillermo del Toro's Pinocchio”“Inu-Oh”“Marcel the Shell with Shoes On”“Puss in Boots: The Last Wish”“Turning Red”BEST PICTURE-NON-ENGLISH LANGUAGE“All Quiet on the Western Front" (Germany)“Argentina, 1985" (Argentina)“Close" (Belgium)“Decision to Leave" (South Korea)“RRR" (India)BEST ACTRESS, DRAMACate Blanchett, "Tar"Olivia Colman, “Empire of Light”Viola Davis, "The Woman King”Ana de Armas, "Blonde”Michelle Williams, "The Fabelmans”BEST ACTOR, DRAMAAustin Butler, “Elvis”Brendan Fraser, “The Whale”Hugh Jackman, “The Son”Bill Nighy, “Living”Jeremy Pope, “The Inspection”BEST ACTRESS, MUSICAL OR COMEDYLesley Manville, "Mrs. Harris Goes to Paris"Margot Robbie, “Babylon”Anya Taylor-Joy, “The Menu”Emma Thompson, “Good Luck to You, Leo Grande”Michelle Yeoh, “Everything Everywhere All at Once”BEST ACTOR, MUSICAL OR COMEDYDiego Calva, “Babylon”Daniel Craig, “Glass Onion: A Knives Out Mystery”Adam Driver, “White Noise”Colin Farrell, “The Banshees of Inisherin”Ralph Fiennes, “The Menu”BEST SUPPORTING ACTRESSAngela Bassett, “Black Panther: Wakanda Forever”Kerry Condon, “The Banshees of Inisherin”Jamie Lee Curtis, “Everything Everywhere All at Once”Dolly De Leon, “Triangle of Sadness”Carey Mulligan, “She Said”BEST SUPPORTING ACTORBrendan Gleeson, “The Banshees of Inisherin”Barry Keoghan, “The Banshees of Inisherin”Brad Pitt, “Babylon”Ke Huy Quan, “Everything Everywhere All at Once”Eddie Redmayne, “The Good Nurse”BEST DIRECTORJames Cameron, “Avatar: The Way of Water”Daniel Kwan and Daniel Scheinert, “Everything Everywhere All at Once”Baz Luhrmann, “Elvis”Martin McDonagh, “The Banshees of Inisherin”Steven Spielberg, “The Fabelmans”BEST SCREENPLAY“The Banshees of Inisherin,” Martin McDonagh“Everything Everywhere All at Once,” Daniel Kwan, Daniel Scheinert“The Fabelmans,” Steven Spielberg, Tony Kushner“Tar,” Todd Field“Women Talking,” Sarah PolleyBEST ORIGINAL SCORE“Babylon,” Justin Hurwitz“The Banshees of Inisherin,” Carter Burwell“The Fabelmans,” John Williams“Guillermo del Toro's Pinocchio,” Alexandre Desplat“Women Talking,” Hildur GuðnadóttirBEST ORIGINAL SONG“Lift Me Up” by Tems, Ludwig Göransson, Rihanna and Ryan Coogler (“Black Panther: Wakanda Forever”)“Ciao Papa” by Alexandre Desplat, Roeban Katz, Guillermo del Toro (“Guillermo del Toro's Pinocchio”)“Naatu Naatu” by Kala Bhairava, M.M. Keeravani, Rahul Sipligunj (“RRR")“Hold My Hand” by Lady Gaga, BloodPop, Benjamin Rice (“Top Gun: Maverick”)“Carolina” by Taylor Swift (“Where the Crawdads Sing”)TELEVISIONBEST DRAMA SERIES“Better Call Saul” (AMC)“The Crown” (Netflix)“House of the Dragon” (HBO Max)“Ozark” (Netflix)“Severance” (Apple TV+)BEST MUSICAL OR COMEDY SERIES“Abbott Elementary” (ABC)“The Bear” (FX)“Hacks” (HBO Max)“Only Murders in the Building” (Hulu)“Wednesday” (Netflix)BEST LIMITED SERIES, ANTHOLOGY SERIES OR TV MOVIE“Black Bird” (Apple TV+)“Dahmer - Monster: The Jeffrey Dahmer Story” (Netflix)“The Dropout” (Hulu)“Pam and Tommy” (Hulu)“The White Lotus” (HBO Max)BEST ACTRESS, DRAMAEmma D'Arcy, “House of the Dragon”Laura Linney, "Ozark”Imelda Staunton, “The Crown”Hilary Swank, “Alaska Daily”Zendaya, “Euphoria”BEST ACTOR, DRAMAJeff Bridges, “The Old Man”Kevin Costner, “Yellowstone”Diego Luna, “Andor”Bob Odenkirk, “Better Call Saul”Adam Scott, “Severance”BEST ACTRESS, MUSICAL OR COMEDYQuinta Brunson, “Abbott Elementary”Kaley Cuoco, “The Flight Attendant”Selena Gomez, “Only Murders in the Building”Jenna Ortega, “Wednesday”Jean Smart, “Hacks”BEST ACTOR, MUSICAL OR COMEDYDonald Glover, “Atlanta”Bill Hader, “Barry”Steve Martin, “Only Murders in the Building”Martin Short, “Only Murders in the Building”Jeremy Allen White, “The Bear”BEST SUPPORTING ACTRESS, MUSICAL, COMEDY OR DRAMAElizabeth Debicki, “The Crown”Hannah Einbinder, “Hacks”Julia Garner, “Ozark”Janelle James, “Abbott Elementary”Sheryl Lee Ralph, “Abbott Elementary”BEST SUPPORTING ACTOR, MUSICAL, COMEDY or DRAMAJohn Lithgow, “The Old Man”Jonathan Pryce, “The Crown”John Turturro, “Severance”Tyler James Williams, “Abbott Elementary”Henry Winkler, “Barry”BEST ACTRESS, LIMITED SERIES, ANTHOLOGY SERIES or TV MOVIEJessica Chastain, “George and Tammy”Julia Garner

Insider asked more than 40 top fintech investors to nominate the most promising fintechs. Here are the 61 most promising fintechs. Insider surveyed 43 investors — including those from Bain Capital Ventures, Lightspeed Venture Partners, and QED Investors — about the most promising fintechs to watch. Global fintech funding dropped to $20.4 billion in the second quarter, falling 46% from last year, according to data from CB Insights. Check out the 61 fintechs identified as most promising by top investors.

Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.

☆ Risk Management at Crypto Firms Is in Focus Following FTX Collapse
▼ + stars: | 2023-01-09 | by ( Mengqi Sun | ) www.wsj.com time to read: +7 min

Cryptocurrency companies are disclosing more information about their internal controls and risk management following the collapse of FTX, but a level of transparency in the industry that would make many investors feel comfortable remains far off. Jeff Horowitz, BitGo chief compliance officer Photo: Jeff Horowitz“We need better risk management, more guardrails…and we need some of that installed into the crypto industry,” said Jeff Horowitz, chief compliance officer at crypto custodian BitGo. Although most crypto firms aren’t subject to formal federal regulation, many have adopted the enterprise-risk-management programs that U.S. watchdogs require of mainstream financial institutions in the wake of the 2008 financial crisis. As the crypto industry matures, these executives said it is important for investors and consumers to check for signs of adequate risk management and compliance measures at crypto firms. Other signs include whether the company engages in outside due diligence, whether assets are segregated and how secure crypto assets passwords are kept.

Chaos struck Brazil's capital Sunday when supporters of far right former President Jair Bolsonaro descended on government buildings, breached them, climbed on a rooftop and broke windows. Leftist President Luiz Inácio Lula da Silva, sworn in Jan. 1, responded by authorizing federal intervention in the Federal District until the end of January. Many among the demonstrators wore the national colors of Brazil, yellow and green, associated in recent years with Bolsonaro supporters. Brazil's President Luiz Inacio Lula da Silva walks in Planalto Palace after it was stormed by supporters of Jair Bolsonaro in Brasilia on Sunday. Eraldo Peres / APIbaneis Rocha, the governor of Brazil’s capital district, said more than 400 people involved in the demonstrations and breaches have been arrested.

☆ Why the Chartmaster thinks it's time to fade the China rally
▼ + stars: | 2023-01-09 | 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 EmailWhy the Chartmaster thinks it's time to fade the China rallyCarter Worth of Worth Charting on what investors should really do with China. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Dan Nathan, Guy Adami and Steve Grasso.

☆ NHL roundup: David Pastrnak's hat trick carries Bruins past Ducks
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +5 min

Mandatory Credit: Jason Parkhurst-USA TODAY SportsJanuary 9 - David Pastrnak registered his 13th career hat trick as part of a four-point performance as the Boston Bruins rolled past the host Anaheim Ducks 7-1 on Sunday night. Trevor Zegras scored the lone goal and John Gibson stopped 35 shots for Anaheim, which had won back-to-back games. Jets 7, Canucks 4Kyle Connor had a hat trick and Winnipeg extended its win streak to five games with a high-scoring victory against visiting Vancouver. Travis Konecny and Nicolas Deslauriers scored one goal each for the Flyers, who had their season-best four-game winning streak snapped. Alex Stalock stopped 44 shots to help Chicago win consecutive games for the first time since October.

☆ 6 top M&A bankers lay out their dealmaking playbook for 2023 — from getting around a sagging bond market to dealing with skeptical shareholders
▼ + stars: | 2023-01-09 | by ( Carter Johnson | ) www.businessinsider.com time to read: +10 min

"We're certainly telling clients to plan for longer timelines between signing an announcement and when a transaction closes," RBC's Sperduto said. Bankers noted the figure was on pace with the average amount of deals done in the five years preceding the pandemic. "There is still significant desire from both corporates and financial sponsors to transact," Gary Posternack, co-head of global M&A at Barclays, told Insider. But in 2023, bankers see more transactions receiving greater scrutiny from stakeholders. Vito Sperduto, the co-head of global M&A at RBC Capital Markets.

☆ The Final Call: GDX, OIH & XOP
▼ + stars: | 2023-01-06 | 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: GDX, OIH & XOPThe final trades of the week. With CNBC's Tyler Mathisen and the Options Action traders, Carter Worth, Mike Khouw, Bonawyn Eison and Brian Stutland.

☆ Sector Showdown: An ETF options battle royale
▼ + stars: | 2023-01-06 | 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 EmailSector Showdown: An ETF options battle royaleA battle of the ETF options. With CNBC's Tyler Mathisen and the Options Action traders, Carter Worth, Mike Khouw, Bonawyn Eison and Brian Stutland.

☆ Problems may be brewing for Starbucks as the consumer cools off
▼ + stars: | 2023-01-06 | 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 EmailProblems may be brewing for Starbucks as the consumer cools offWill a cooling consumer hit Starbucks? With CNBC's Tyler Mathisen and the Options Action traders, Carter Worth, Mike Khouw, Bonawyn Eison and Brian Stutland.

☆ These 6 Club stocks look reasonably priced as Wall Street shuns high flyers
▼ + stars: | 2023-01-06 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

We're focusing on forward price-to-earnings ratios, calculated by dividing share price by estimated earnings-per-share over the next 12 months. In this high-level hypothetical, start with the multiple you want to pay and multiply that by forward earnings estimates. But now growth is less certain and interest rates are going up, so you think paying 10x forward earnings is too risky. Instead, you think paying 8x forward earnings is more appropriate, meaning you're only willing to pay $40 per share. Oilfield services provider Halliburton (HAL) trades at roughly 13x forward earnings, a valuation that we find very reasonable.

☆ NHL roundup: Connor McDavid hits milestone in Oilers' win
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +7 min

Barzal is on a career-best, five-game goal streak, and he has six goals and two assists during that span. Vancouver goaltender Collin Delia made 30 saves, while Elias Pettersson, Oliver Ekman-Larsson and Ilya Mikheyev each collected two assists. Ty Smith also scored for Pittsburgh, which lost its sixth straight game, just one off matching its longest losing streak of the season. Nicolas Aube-Kubel, Martin Fehervary and Garnet Hathaway also scored, Dylan Strome had three assists, and Darcy Kuemper made 25 saves. Washington has won a franchise-record seven straight road games and is 7-0-2 in its past nine games overall and 12-2-3 in its past 17.

☆ Blackstone used this data tool to upend its real-estate business. Now it's being deployed across its PE portfolio.
▼ + stars: | 2023-01-06 | by ( Carter Johnson | Bianca Chan | ) www.businessinsider.com time to read: +4 min

Blackstone Chief Technology Officer John Stecher told Insider that Blackstone now uses Data Direct — previously called Real Estate Data Direct — across both its real estate and private-equity portfolios. From real estate to private equityInsider first detailed the launch of Data Direct, then known as Real Estate Data Direct (REDD), last year. That led to the roll out of the data tool to other parts of the business, like Blackstone's private-equity portfolio, and to new business lines next year. Data Direct, at its heart, is a data tool, and its success is predicated upon importing reliable information in the first place. Having good, clean data has made Data Direct very successful," he added.

☆ Carter Worth admits he should've stayed short in Tesla
▼ + stars: | 2023-01-05 | 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 EmailCarter Worth admits he should've stayed short in TeslaCarter Worth, Worth Charting founder, joins 'The Exchange' to give the technical take on Tesla.

☆ Execs from top firms like Morgan Stanley and Vanguard share tips for how to cut costs when moving to the public cloud
▼ + stars: | 2023-01-05 | by ( Carter Johnson | Bianca Chan | ) www.businessinsider.com time to read: +8 min

When Vanguard first made a push into the public cloud, Michael Carr, the firm's chief technology officer, knew realizing savings was a key part of the move. Collaboration is keyAs with most technology applications, there's a human behavior element to cloud cost savings. At Capital One, it took years to build a culture of collaboration between technology and finance teams within the bank's centralized cloud expense management division, Johnston said. Before, the finance team would send the tech team an aggregate bill at the end of each month and "that was kind of the end of the story," Johnston said. Speaking the same language has instilled a greater sense of empathy across different teams, like finance, technology, business, and others.

☆ Cannabis org The Parent Company establishes restructured partnership with Jay-Z's Roc Nation and SC Branding
▼ + stars: | 2023-01-05 | by ( John Lynch | ) www.businessinsider.com time to read: +6 min

The Parent Company and Jay-Z's Roc Nation and SC Branding have established a revised strategic agreement to restructure their partnership, the companies announced to Insider. Jay-Z, Roc Nation, and their affiliates will return approximately 7.1 million common shares of The Parent Company "to preserve shareholder value," the companies said. Through the agreement, The Parent Company will have an eight-year exclusive license to distribute Monogram, Jay-Z's cannabis line, in California. "We are excited for the continued growth of The Parent Company and our future together in the cannabis industry." Desiree Perez, CEO of Roc Nation, added, "We're eager to work alongside The Parent Company in this progressive capacity.

☆ 10 of Wall Street's top tech execs detail how the public cloud is revolutionizing the way they do business: 'We are fundamentally rethinking how we solve problems.'
▼ + stars: | 2023-01-04 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +2 min

This year saw the continued embrace of the public cloud by Wall Street firms. Wall Street is headed for the clouds. But now, a wholesale migration from physical, on-premise data centers to cloud networks is fully underway within financial services. Finance firms are using a move to the cloud as an opportunity to overhaul their business beyond just upgrading back-end tech. Here are the six top trends to watch in the cloud in 2023, according to top Wall Street tech execs.

☆ Here's how to get geared up for 2023 on Wall Street
▼ + stars: | 2023-01-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But first, Wells Fargo takes a new approach to tech. Ather Williams, senior executive vice president and head of strategy, digital, and innovation at Wells Fargo Wells Fargo1. In other news:After years of hesitancy, Wall Street is finally turning the corner on its acceptance of the public cloud. From a surge in dealmaking to the rise of superpowered software, these are the key trends top VCs are eyeing this year. We identified 34 tech companies that seem primed for a deal.

☆ NBA roundup: Nikola Jokic, Nuggets end Celtics' winning streak
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +3 min

[1/5] Jan 1, 2023; Denver, Colorado, USA; Denver Nuggets center Nikola Jokic (15) controls the ball in the second quarter against the Boston Celtics at Ball Arena. Mandatory Credit: Ron Chenoy-USA TODAY SportsJanuary 2 - Nikola Jokic had 30 points, 12 rebounds and 12 assists, and the Denver Nuggets won their eighth consecutive home game by beating the Boston Celtics 123-111 on Sunday night. The Celtics, who entered the contest with a four-game winning streak, fell to 11-6 on the road. Morant scored nine of his points in the fourth quarter, as the Grizzlies held the Kings to 21 points. Domantas Sabonis posted his 13th straight double-double with 18 points and 14 boards, while Malik Monk also contributed 18 points.

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

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