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☆ Exclusive: Standard Chartered replaces key emissions gauge for oil and gas loans
  + stars: | 2023-04-28 | by ( Simon Jessop Tommy Wilkes | Simon Jessop | Tommy Wilkes | ) www.reuters.com   time to read: +3 min
The Asia, Africa and Middle East-focused bank had previously set a 2030 target to reduce the emissions 'intensity' of loans to the sector by 30% from 2020 levels. Emissions intensity measures carbon emissions as a percentage of business activity, such as revenue. As a result, carbon emissions can increase in absolute terms even when emissions intensity goes down, because businesses can become more efficient in reducing emissions and still emit more in total when their activity goes up. Banking peers that have adopted an absolute emissions reduction target include HSBC(HSBA.L) and Citi (C.N), as well as a number of smaller banks. "Setting this absolute sector target and supporting our clients in their transition journey are critical sustainability priorities for Standard Chartered," Chief Sustainability Officer Marisa Drew said.
☆ Benioff vs. Benioff
  + stars: | 2023-04-28 | by ( Ashley Stewart | Ellen Thomas | ) www.businessinsider.com   time to read: +29 min
Within Salesforce, Benioff riffs are at times met with backlash from an angry workforce. "You're not going to fire your family during times of need," a former Salesforce executive told Insider. "I don't think they understand Ohana," Benioff told Insider. "Look, we have to be the example of stakeholder capitalism," Benioff told Insider. A 'New Day' at Salesforce"I use the Japanese principle of shoshin, beginner's mind," Benioff told Insider in a phone interview in March.
☆ A divided Israel stands at a perilous crossroads on its 75th birthday
  + stars: | 2023-04-26 | by ( Hadas Gold | ) edition.cnn.com   time to read: +10 min
And weakens the pillars that hold our nation together,” Israel’s President Isaac Herzog warned this week in a speech to Jewish groups. The legislation has plunged Israel into the largest and longest protest movement in the country’s history. Frozen peace processBut as Israel celebrates 75 years since its founding with fanfare, Palestinians mark the same event with mourning. It was during the Jewish state’s creation that more than 700,000 Palestinians were forced to flee their homes in what is now Israel. “This is the end of the era of limited conflicts,” Gallant told reporters, according to the Times of Israel.
☆ Analysis: Bearish fundamentals, buoyant charts complicate outlook for US stocks
  + stars: | 2023-04-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com   time to read: +5 min
Technical indicators such as equity price movement largely show stocks are poised to continue a rally that has seen the S&P 500 climb 8% year-to-date, analysts who track them said. TECHNICALLY SPEAKINGThe S&P 500 (.SPX) has traded in a 9.7 percentage point range year-to-date, its narrowest range for comparable periods since 2017. Johnson, who has a year-end S&P 500 target of 4,625, is encouraged by the reversals in downtrends for many U.S. stock indexes. The S&P 500 has traded higher 83% of the time for the full year, returning an average 13.73%, when it hasn't dropped below the preceding year’s December low in the first quarter, a Piper Sandler analysis showed. The S&P 500 is trading at about 18 times 12-month forward earnings estimates compared to its long-term average P/E of 15.6 times, according to Refinitiv Datastream.
☆ Elon Musk’s Move to Monetize Twitter’s Blue Check Mark Riles Celebrities
  + stars: | 2023-03-30 | by ( Alexa Corse | ) www.wsj.com   time to read: 1 min
Twitter Inc.’s plan to remove legacy blue check marks for verified accounts heralds an end to a longtime social-media status symbol and is prompting complaints from some of the platform’s celebrity contributors concerned about potential impersonation. The departing system, in which Twitter verified notable accounts to confirm their authenticity by adding a blue check mark next to the user’s name, will give way starting April 1 to one in which users must purchase a subscription to be verified, the company has said. Twitter, which previously didn’t charge for verification, is only providing it now to those who pay $8 to $11 for a monthly subscription, depending on whether it is paid via mobile or web browser.
☆ News organizations reject Elon Musk’s demand of paying to keep checkmarks on Twitter
  + stars: | 2023-03-30 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +3 min
New York CNN —News organizations have a message for Elon Musk: We are not going to pay you for checkmarks on Twitter. Historically, a blue checkmark placed next to the name of an account has indicated that the social media company has confirmed the identity of the person or business operating it. Musk earlier this year launched Twitter Blue, a subscription service that costs $8 a month. A blue checkmark. POLITICO additionally said it will not pay for Twitter Blue.
☆ Fundstrat's Newton calls for equity pullback that's 'minor in scope'
  + stars: | 2023-03-24 | 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 EmailFundstrat's Newton calls for equity pullback that's 'minor in scope'Mark Newton, Fundstrat global head of technical strategy, joins the 'Halftime Report' to discuss why he believes there will be a pullback in equities, where the market goes after retesting the October lows and more.
☆ Is Putin using a body double? Listen here: Skeptics say spotting a decoy is all in the ears.
  + stars: | 2023-03-20 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com   time to read: +6 min
The trip to the besieged region renewed claims that Putin uses body doubles for public appearances. The original Washington Post article has been updated to remove references to Putin using a body double. However, the Post isn't the first publication to reference the possibility of a Putin body double. It cannot be repeated," though he has not offered concrete evidence to back up the claim that Putin uses a body double. Ears as evidenceWhile Budanov's claims about Putin's health or use of body doubles cannot be verified, the use of ears as forensic evidence has been documented for decades.
☆ Recession potentially could be postponed but can't be avoided completely: Fundstrat’s Mark Newton
  + stars: | 2023-03-20 | 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 EmailRecession potentially could be postponed but can't be avoided completely: Fundstrat’s Mark NewtonMark Newton, Fundstrat global head of technical strategy, joins ‘Closing Bell’ to discuss his take on energy, which he thinks could bottom soon, why recession could not be avoided and more.
☆ Asia Pacific markets dip after UBS rescue of Credit Suisse
  + stars: | 2023-03-19 | by ( Michelle Toh | ) edition.cnn.com   time to read: +2 min
Hong Kong CNN —Asia Pacific markets edged slightly lower on Monday morning as investors reacted to news of a Credit Suisse bailout by its bigger rival UBS. In Hong Kong, the Hang Seng Index (HSI) tumbled 1.5% at its opening. On Sunday, Switzerland’s biggest bank, UBS (UBS), agreed to buy Credit Suisse (CS) in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month. “Volatility in Australian financial markets has picked up,” he told a conference Monday. Dow futures and S&P futures each rose 0.6%, while Nasdaq futures ticked up 0.4%.
☆ I don't know what these guys at Fundstrat drink: Short Hills Capital's Steve Weiss
  + stars: | 2023-03-17 | 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 EmailI don't know what these guys at Fundstrat drink: Short Hills Capital's Steve WeissFundstrat's Mark Newton says the bottom is in, and the investment committee responds. With CNBC's Frank Holland and the 'Halftime Report' investment committee, NewEdge Wealth's Rob Sechan, Sand Hill Global Advisors' Brenda Vingiello, Virtus Investment Partners' Joe Terranova and Short Hills Capital's Steve Weiss.
☆ Charles' mugs and plates: Workers busy making pottery fit for a new king
  + stars: | 2023-03-16 | by ( Ben Makori | ) www.reuters.com   time to read: +1 min
STOKE-ON-TRENT, England, March 16 (Reuters) - British pottery makers are continuing a tradition going back centuries by producing tens of thousands of commemorative mugs, plates and teapots to mark the upcoming coronation of King Charles. Charles will be the first British monarch to be crowned for seven decades following the record-breaking reign of his mother Queen Elizabeth. Workers at the Emma Bridgewater ceramics factory in Stoke-on-Trent, a city in central England famed for its pottery, are already busy producing swathes of handmade and decorated ceramics for the occasion. It follows a tradition of producing pottery to mark notable royal occasions such as births, weddings and anniversaries which goes back hundreds of years, to the time of the current monarch's namesake and predecessor Charles II. Charles himself visited the factory back in 2010, while his daughter-in-law Kate, the Princess of Wales, toured it five years later.
☆ We are the second-largest biodiesel producer in the U.S., says Chevron's Mark Nelson
  + stars: | 2023-03-14 | 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 EmailWe are the second-largest biodiesel producer in the U.S., says Chevron's Mark NelsonBrian Sullivan sits down with Mark Nelson, Chevron vice chair and EVP for strategy, policy and development at S&P Global's CERAWEEK conference in Houston to talk about low carbon investment, California's planned gas car sales ban and China's impact on oil demand.
☆ Fundstrat's Mark Newton says he's still in the no landing camp
  + stars: | 2023-03-07 | 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 EmailFundstrat's Mark Newton says he's still in the no landing campMark Newton, Fundstrat, joins 'Closing Bell' to discuss the technicals of the market.
☆ There are growing expectations that Salesforce is readying a succession plan to appease activist investors. 'There's not a lot of people sitting on the bench,' one analyst said.
  + stars: | 2023-03-01 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com   time to read: +8 min
Analyst said any succession plan would be about giving investors "comfort" about the future. Company insiders, former employees and Wall Street analysts increasingly expect Salesforce to put a succession plan in place soon. 'If he's willing to work with the activists, then he can stay CEO'Analysts think that if a succession plan is announced soon, it won't include Benioff's immediate exit. "Benioff is Salesforce and Salesforce is Benioff," said Dan Ives, an analyst at Wedbush Securities. Bret Taylor, former Salesforce executive SalesforceTaylor's departure in late November left Salesforce with a limited bench of potential successors.
☆ Premarket stocks: Meme stocks have revolutionized investor days
  + stars: | 2023-03-01 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
But they’re also bowing to pressure from retail investors to be more transparent. What’s happening: Investor days evolved from analyst days — meetings that large, public companies historically held privately for their core institutional investors and Wall Street analysts. But the recent influx of retail investors into the stock market has changed that. “A lot of these companies know they need to focus on retail investors now,” said Katie Perry, general manager of investor relations at investing platform Public. ▸ Tesla’s first-ever investor day will be live-streamed Wednesday from its Gigafactory in Austin, Texas.
☆ Fundstrat's Mark Newton expects a rally in the Treasury market near-term
  + stars: | 2023-02-23 | 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 EmailFundstrat's Mark Newton expects a rally in the Treasury market near-termMark Newton, Fundstrat, joins 'Closing Bell' to discuss his bullish look on the bond market.
☆ Putin says Russia to deploy Sarmat nuclear missiles
  + stars: | 2023-02-22 | by ( Guy Faulconbridge | ) www.reuters.com   time to read: +4 min
[1/2] Russian President Vladimir Putin delivers his annual address to the Federal Assembly in Moscow, Russia February 21, 2023. Sputnik/Dmitry Astakhov/Kremlin via REUTERSSummary Russia to deploy Sarmat missilesRussia to roll out hypersonic missilesRussia to add more nuclear submarinesPutin continues nuclear signalling to WestMOSCOW, Feb 23 (Reuters) - President Vladimir Putin said on Thursday that Russia would pay increased attention to boosting its nuclear forces by deploying a much delayed new intercontinental ballistic missile, rolling out hypersonic missiles and adding new nuclear submarines. A year since ordering the invasion of Ukraine, Putin has signalled he is ready to rip up the architecture of nuclear arms control - including the big powers' moratorium on nuclear testing - unless the West backs off in Ukraine. "As before, we will pay increased attention to strengthening the nuclear triad," Putin said, referring to nuclear missiles based on land, sea and in the air, in an address broadcast on state television. In addition, Putin said, Russia would continue mass production of air-based hypersonic Kinzhal systems and would start mass supplies of sea-based Zircon hypersonic missiles.
☆ Biden reassures eastern NATO allies on security after Putin's nuclear warning
  + stars: | 2023-02-22 | by ( Nandita Bose Alan Charlish | Nandita Bose | Alan Charlish | ) www.reuters.com   time to read: +5 min
Biden said the West was never plotting to attack Russia and the invasion was Putin's choice. "It is a big mistake," Biden said of Putin's decision before his session with eastern European allies known as the Bucharest Nine. We will defend literally every inch of NATO, every inch of NATO," he said. The Kremlin says it regards NATO, which could soon expand to include Sweden and Finland, as an existential threat to Russia. It said the leaders looked forward to further strengthening unity and collective defense at a NATO summit in Vilnius in July.
☆ China's Xi preparing to visit Moscow for summit with Putin -WSJ
  + stars: | 2023-02-21 | by ( ) www.reuters.com   time to read: +1 min
Feb 21 (Reuters) - Chinese leader Xi Jinping is preparing to visit Moscow for a summit with Russian President Vladimir Putin in the coming months, the Wall Street Journal reported on Tuesday, citing people familiar with the plan. Xi's meeting with Putin will be part of a push for multi-party talks on peace in Ukraine and allow China to reiterate its calls that nuclear weapons not be used, the report added. Russia invaded Ukraine on Feb. 24 last year. Wang will likely discuss Xi's trip while he is in Moscow, WSJ said, quoting people familiar with the summit planning. Reporting by Juby Babu in Bengaluru; editing by Alex Richardson and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
☆ Biden says Russia will never defeat Ukraine after Kremlin suspends nuclear treaty
  + stars: | 2023-02-21 | by ( Nandita Bose Guy Faulconbridge | Nandita Bose | Guy Faulconbridge | ) www.reuters.com   time to read: +6 min
Hours before Biden spoke in Poland following a surprise visit to Ukraine, Russian President Vladimir Putin vowed that Moscow would achieve its objectives in Ukraine and accused the West of plotting to destroy Russia. Biden proclaimed "unwavering" support for Kyiv and a commitment to bolstering NATO's eastern flank facing Russia, while rejecting Moscow's contention that the West was plotting to attack Russia. "I can report: Kyiv stands strong, Kyiv stands proud, it stands tall and, most important, it stands free. "When President Putin ordered his tanks to roll into Ukraine, he thought we would roll over. Putin said Ukraine had sought to strike a facility deep inside Russia where it keeps nuclear bombers, a reference to the Engels air base.
☆ The chemical industry is critical to advanced electronics, says Chemours CEO
  + stars: | 2023-02-16 | 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 chemical industry is critical to advanced electronics, says Chemours CEOMark Newman, CEO of chemical company Chemours, joins Brian Sullivan and the 'CNBC Special: Taking Stock' to discuss how his company is working to expand the footprint of American manufacturing.
☆ Europe’s now dealing with an oversupply of natural gas after hoarding it for months before winter
  + stars: | 2023-02-16 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
The benchmark price for natural gas futures has cratered about 28% this year, and it's trading roughly 85% cheaper than record highs reached in August. At that time, natural gas was costing buyers about 10 times more than usual ahead of the winter months. As a key energy supplier to Europe, many feared that Russia would cut off natural gas flows in retaliation to Western sanctions. Europe enjoyed its third hottest January ever last month, meaning people used less heating and thus less natural gas. A former Gazprom official told Reuters this week that all the years of work to build up Russia's natural gas exports have become moot.
☆ Microsoft and Google promised to invest in these communities. Now they’re backtracking
  + stars: | 2023-02-14 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +11 min
Hyosub Shin/The Atlanta Journal-Constitution/ZUMA Press WireFacebook-parent Meta, Microsoft, Salesforce and Snap have each shuttered offices or announced plans to cut back on real estate, according to recent corporate announcements, filings and local news reports. But residents also had cautious optimism about the benefits Microsoft promised to the community, according to Hope. Hope’s community isn’t alone in confronting the whiplash of Silicon Valley’s real estate pullback. An office sits vacant on October 27, 2022 in San Francisco, California. The US Census Bureau reports an estimated 35% of employees in San Francisco and San Jose continue to work from home.
☆ Fundstrat's Mark Newton says buy weakness on the S&P 500
  + stars: | 2023-02-14 | 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 EmailFundstrat's Mark Newton says buy weakness on the S&P 500Mark Newton, Fundstrat, joins 'Closing Bell: Overtime' to discuss Fundstrat's call to buy on S&P weakness.
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