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New York CNN Business —Twitter is delaying the rollout of account verifications for its paid Twitter Blue subscription plan until after the midterm elections, a source with knowledge of the decision confirmed to CNN. A fresh Twitter account created by CNN that opted for the paid feature did not show the checkmark on its public profile. The decision to delay the rollout comes as the entire decision to charge users for verification has faced wide public backlash. Television actress Valerie Bertinelli similarly changed her account name to the Twitter CEO’s, tweeting Friday that “[t]he blue checkmark simply meant your identity was verified. Musk has also said he will limit the company’s content restrictions and require the paid subscription for account verification.
Etsy shares pop on revenue beat, rosy guidance
  + stars: | 2022-11-02 | by ( Annie Palmer | ) www.cnbc.com   time to read: +2 min
Etsy shares surged as much as 10% in extended trading Wednesday after the online marketplace's third-quarter revenue and earnings outperformed expectations. Here's how the company did:Earnings: 58 cents per share, adjusted, vs. 36 cents per share, as expected by analysts, according to Refinitiv. 58 cents per share, adjusted, vs. 36 cents per share, as expected by analysts, according to Refinitiv. Revenue: $594.5 million vs. $565 million as expected by analysts, according to Refinitiv. For the fourth quarter, Etsy said it expects to report revenue between $700 million and $780 million, and gross merchandise sales of $3.6 billion to $4 billion.
Everybody wants to be a lender these daysStop me if you've heard this before, but a Wall Street firm wants to invest in debt. Schonfeld Strategic Advisors, the $14 billion family-office-turned-hedge fund is building out a new group focused on credit within its macro trading business, Insider reports. A general rule on Wall Street is that firms like to build businesses around complex things. A simple process means it is easily repeatable by someone else, which means more competition, which means smaller margins, which means less profit. The SEC issued $2.2 billion in fines on public companies, including 13 fines larger than $100 million, during its 2022 fiscal year, The Wall Street Journal reports.
$14 billion Schonfeld Strategic Advisors has rolled out a credit unit within its new macro trading business that launched earlier this year. Silverman and Aubrey joined in July and August, respectively, following Anchorage shutting its $7.4 billion hedge fund last December. The expanding credit business is part of Schonfeld's recent growth tear. In January, the firm is rolling out long/short credit strategies across the credit quality spectrum in the US and plans to add APAC and EMEA strategies over time. The HFRI Asset Weighted Index gained 1.1% for September, increasing the year-to-date return to 3.8%, according to Hedge Fund Research data.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Invesco's Brian Levitt and RBC Capital's Amy Wu SilvermanInvesco's Brian Levitt and RBC Capital Markets Head of Derivatives Strategy, Amy Wu Silverman, joins 'Squawk on the Street' to discuss the reasons behind incremental inflection points in the market, medium term prospects for equities, and bank earnings.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMidterm elections could help remove uncertainty for markets, says Invesco's Brian LevittInvesco's Brian Levitt and RBC Capital Markets Head of Derivatives Strategy Amy Wu Silverman joins 'Squawk on the Street' to discuss the reasons behind incremental inflection points in the market, medium term prospects for equities, and bank earnings.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should still be underweight equities, says JPMorgan's Gabriela SantosAmy Wu Silverman, head of derivatives strategy at RBC Capital Markets, and Gabriela Santos, global market strategist at JPMorgan Asset Management, join CNBC's 'Squawk Box' to lay out their market strategies ahead of the open.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSilverman: We are beginning to move out of the pandemic era in terms of market volatilityAmy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, joins Worldwide Exchange to discuss her expectations for volatility in the markets for the remainder of the year.
Watch Jim Cramer's full interview with Etsy CEO Josh Silverman
  + stars: | 2022-09-14 | 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 EmailWatch Jim Cramer's full interview with Etsy CEO Josh SilvermanThe "Mad Money" host interviewed Etsy CEO Josh Silverman on Wednesday's episode of the show.
Joyful editors in New York ordered the immediate resumption of publication, which had been on pause since June 15, under court order. The Times had managed to print three installments of the series, which it called the “Vietnam Archive,” before the government effectively shut it down, leaving much of the exposé unpublished. Credit... Barton Silverman/The New York TimesWhat distinguished the Pentagon Papers was that The Times was not only providing interpretive articles, but also presenting the documents themselves, which had been leaked by Daniel Ellsberg, a military analyst who had worked on the history. These included cablegrams, memorandums, drafts of policy papers, instructions, transcripts and the like. “The documents are the written words of the men who set the armies in motion and launched the warplanes,” Neil Sheehan, the chief reporter of the series, said.
Persons: , Neil Sheehan, Barton Silverman, Daniel Ellsberg, ” Neil Sheehan, ” Harding F, Bancroft, Arthur Ochs Sulzberger Organizations: Court, Southern, of, The New York Times, District of Columbia, Appeals, District of Columbia Circuit, The Washington Post, Times, Credit, New York Times, Pentagon, Joint Chiefs, The Times Locations: of New York, The, The Washington, New York, Vietnam
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