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☆ Morning Bid: Blue chips cheered up
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +5 min

[1/2] The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Its CEO Jensen Huang said use of its chips to power AI had "gone through the roof in the last 60 days." The Federal Reserve at least seems keen on the higher-for-longer message that's shaken world stock and bond markets this week. And as the minutes pre-date red-hot jobs and retail data for January, the message from Fed officials is probably even sterner now. A Reuters poll of equity analysts showed global stock markets are expected to correct in the next three months.

☆ European banks 'starting to look quite attractive', Edison Group director says
▼ + stars: | 2023-02-17 | 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 EmailEuropean banks 'starting to look quite attractive', Edison Group director saysNeil Shah, director at the Edison Group, discusses the outlook for U.K. and European indexes and investing strategy.

☆ Morning Bid: Growth trumps rates
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +6 min

While there were some questions about seasonal adjustments in the data, economists were impressed that sales growth was pretty broad based and have scrambled to re-crunch first quarter U.S. output forecasts as a result. There may be a more mixed picture from Thursday's data slate on producer prices, housing starts and weekly jobless claims. Even though rates futures and Treasury yields ticked back a bit today, pricing now has Fed policy rates moving as high as 5.25% and staying above 5% all year. And while full-year earnings growth estimates for S&P500 companies have sunk to zero, consensus forecasts are now pencilling in a rebound of almost 12% next year. Uncertainty about the pace of growth and annual tax receipts in April makes it difficult for government officials to predict the exact "X-date", it said.

☆ Blind Software Engineer Expanded Access to Braille
▼ + stars: | 2023-02-09 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

John J. Boyer , raised on a Minnesota farm family with 12 children, was born blind and lost most of his hearing by the time he was 10 years old. None of that stopped him from setting up a basement science lab and aspiring to be another Thomas Edison . What did frustrate him was a lack of textbooks in braille. “When I was in high school, my physics book was older than I was and didn’t even explain what made the sun hot,” he would later tell the Wisconsin State Journal.

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

☆ Retailers offering discounts on high-end iPhones in China
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Feb 6 (Reuters) - Third party retailers in China are offering discounts of as much as 10% on Apple Inc's (AAPL.O) iPhone 14 Pro amid sluggish demand for smartphones. Electronics vendors JD.Com Inc (9618.HK) and Suning (002024.SZ) are currently selling the iPhone 14 Pro basic model for 7,199 yuan ($1,062), checks of JD.com's app and Suning's website showed. That is 800 yuan cheaper than the standard price on Apple's official China website. A number of other authorised Apple third party sellers are offering similar discounts on the iPhone 14 pro and Pro Max, Reuters checks of promotions on social media showed. Apple will occasionally allow partner vendors in China to offer discounts on its phones to spur demand.

☆ BofA Promoted 93 New MDs in Global Markets — Here Are the Names
▼ + stars: | 2023-01-26 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

Bank of America announced 93 new managing directors in Global Markets on Thursday. The division in 2022 saw sales and trading revenues climb to its highest mark since 2010.Insider has all the names of the newly promoted MDs. On Thursday the bank announced a new class of 360 managing directors, including 93 from the firm's Global Markets division — up from 86 last year. The bank's Global Corporate and Investment Bank promoted 87 new MDs. BofA made $16.5 billion in 2022 from sales and trading — including a fourth-quarter record of $3.7 billion — the highest tally for the firm since 2010.

☆ China doesn't need to sell a single car in the US to dominate the American electric car market
▼ + stars: | 2023-01-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Chinese carmakers have a massive, domestic EV battery supply chain to lean on. That's a huge advantage for those companies in the global market. And given the number of Chinese buyers, those sales made up about two-thirds of the global EV market. EV companies like Geely, Xpeng, Li Auto, NIO, and more are gaining traction. Even if others catch up, China will continue to dominate global EV sales this year, according to GlobalData.

☆ Edison CEO denies EDF planning to sell Italian company - paper
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

MILAN, Jan 5 (Reuters) - Edison's (EDNn.MI) chief executive said on Thursday that rumours French power group EDF (EDF.PA) plans to sell its Italian arm are "groundless". There is not an Edison dossier at the moment", Nicola Monti was quoted as saying in an interview with Italian daily La Stampa. EDF denied an Italian media report last August that it was considering a sale of its Italian unit. Energy analysts have said a sale of Edison could help EDF reduce its debt and press ahead with an ambitious investment plan. Italian media reported in August that EDF planned to kick off a sale process for Edison in the first quarter of this year once the nationalisation process had been completed.

☆ Italy antitrust drops pricing probe into A2A and Hera, partially confirms for others
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +1 min

ROME, Dec 30 (Reuters) - Italy's antitrust authority on Friday said it had dropped its investigation into energy companies A2A (A2.MI) and Hera (HRA.MI) over suspected improper price-setting for gas and electricity. The agency also said its investigation into other utilities including Eni (ENI.MI) and Enel (ENEI.MI) would no longer cover price changes for contracts which had already expired or were due to expire. Eni, Enel as well as Edison (EDNn.MI), Acea (ACE.MI) and Engie (ENGIE.PA) remain under investigation for the alleged improper price-setting. The five energy companies were given five days to comply with an order to suspend all unilateral price changes they have introduced for open-ended contracts, with no clear or predetermined expiry date. Reporting by Alvise Armellini, additional reporting by Giancarlo Navach in Milan, editing by Louise Heavens, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Defensive Stocks Become Hideout for Investors in a Rocky Market
▼ + stars: | 2022-12-29 | by ( Hannah Miao | ) www.wsj.com time to read: 1 min

Defensive sectors such as consumer staples have been resilient amid this year’s turmoil in the stock market, easily outperforming the S&P 500. In a year of stock market turmoil, investors have flocked to trusted safety plays. Shares of utility, consumer-staples and healthcare companies have weathered the storm better than most of the market this year. Consolidated Edison Inc., Campbell Soup Co. and Merck & Co. Inc. are among the standouts, each rallying double-digit percentage points in 2022.

☆ Italy to scrap suspension of changes to expiring energy contracts -draft decree
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +1 min

ROME, Dec 28 (Reuters) - The Italian government plans to allow utilities to go ahead with changes to expiring gas and electricity supply contracts which the antitrust authority had suspended, according to a draft decree seen by Reuters. It will however extend by two months to June 30 a suspension to changes made to non-expiring contracts, the document read, as it seeks to help firms and households cope with soaring energy prices. It suspended the validity of contracts from Aug. 10 this year to April 30 2023 that allowed the companies to change their prices. In a statement on Dec. 14, Enel said it would appeal the watchdog's move and that changes to terms of expired and expiring contracts subject to a potential renewal should not be affected. Reporting by Giuseppe Fonte, writing by Federico Maccioni; editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ Nio's new electric car models probably won't be 'super earth-shattering,' analyst says
▼ + stars: | 2022-12-23 | 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 EmailNio's new electric car models probably won't be 'super earth-shattering,' analyst saysEdison Yu of Deutsche Bank Research discusses Nio's line-up of new electric car models.

☆ Beware these stocks: Analysts see a rough year ahead for these companies
▼ + stars: | 2022-12-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

CNBC Pro looked at stocks that are poised to lose the most in 2023 based on the average analyst price target, according to FactSet. Asset manager Franklin Resources has the most downside next year, set to lose 12%, according to the average analyst price target on FactSet. Also making the list is food giant General Mills , which has nearly 8% downside to the average analyst price target. The stock has nearly 7% downside to the average analyst price target, per FactSet. Lastly, Etsy has nearly 4% downside to the average analyst price target.

☆ California to vote on hotly debated change in rooftop solar policy
▼ + stars: | 2022-12-15 | by ( Nichola Groom | ) www.reuters.com time to read: +3 min

[1/3] Solar installers from Baker Electric place solar panels on the roof of a residential home in Scripps Ranch, San Diego, California, U.S. October 14, 2016. For decades, Californians with rooftop panels have been credited for excess power at or near the full retail electricity rate. Solar companies counter that the changes would slow new installations and threaten California's clean energy and climate change goals. California's three investor-owned utilities are Pacific Gas & Electric (PCG.N), Southern California Edison (EIX.N) and San Diego Gas & Electric (SRE.N). Customers installing solar with a battery, for example, would save about $136 a month under the plan, compared with $100 a month with just solar.

☆ Deutsche Bank says buy Nio, predicts shares can rally more than 70% as delivery volumes speed up
▼ + stars: | 2022-12-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Delivery volumes are gaining speed, and that could be a good thing for shares of Nio , Deutsche Bank said Thursday. Analyst Edison Yu opened a catalyst buy call on the electric vehicle stock, expecting an uptick in monthly sales for December. "Considering cumulative deliveries were 274,000 exiting Nov, this suggests production is ramping up nicely and 4Q guidance is very much achievable (43,000-48,000 units)." At its annual "Nio Day" later this month, the company should also reveal two new vehicle models, which Yu expects consumers to like. Despite a 62% slump this year, Nio shares could rally about 74% from Wednesday's close given the bank's $21 price target suggest.

☆ Neil Shah: Small cap companies are 'interestingly valued'
▼ + stars: | 2022-12-13 | 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 EmailNeil Shah: Small cap companies are 'interestingly valued'Neil Shah, director at the investment research group Edison Group, explains why he likes one mining company that extracts metals such as platinum, palladium, and chrome.

☆ See the pitch deck that startup Assembly used to convince investors to bet $10 million on its approach to business software
▼ + stars: | 2022-12-12 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

Assembly is a software app aimed at helping businesses manage their teams and projects. Here's the pitch deck it used to fundraise at an interesting time for the business apps category. Instead of splurging on a dozen business apps, they want "one single Swiss Army knife," said Hunter Walk, an Assembly investor. "One of the things we're trying to do is help you speed up your work," Purvis said, "and make it more delightful." Read the pitch deck Assembly used to woo clients and to land a preemptive funding offer in 2022:

☆ Shares of this under-the-radar global miner are set to rally 50%, analyst says
▼ + stars: | 2022-12-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares in Sylvania Platinum , a little-known London-listed miner, are set to rise by 50%, according to Ben Davis, mining analyst at Liberum Capital. The company, which extracts metals such as platinum, palladium, and chrome, also offers an 8% dividend yield. Shares in the company were trading around £1 ($1.21) Friday, but Davis sees them hitting £1.50 in 12 months. Sylvania Platinum is also favored by Neil Shah, director at the investment research group Edison Group. The metals the company extracts are bought by both investors and industrial customers, which means their prices are more resilient than other commodities during economic downturns.

☆ Adam Scott, Naomi Campbell, Aubrey Plaza among the celebrities honoring this year’s CNN Heroes
▼ + stars: | 2022-12-11 | by ( ) edition.cnn.com time to read: +2 min

CNN’s Anderson Cooper and ABC’s Kelly Ripa will co-host the 16th Annual CNN Heroes All-Star Tribute, premiering live at 8 p.m. The 2022 CNN Hero of the Year will be revealed during the live broadcast, selected by CNN’s audience from this year’s Top 10 CNN Heroes. ET on CNN, CNN International, CNN en Español or on CNNgo, the online streaming platform available on Apple TV, Roku, Amazon Fire, Chromecast, Samsung Smart TV and Android TV, and on CNN mobile apps. Supporters can make online donations to the Top 10 CNN Heroes’ nonprofit organizations directly from CNNHeroes.com. Keep an eye on CNN.com/heroes and consider nominating that person as a CNN Hero in 2023.

☆ Georgia runoff: Democratic U.S. Senator Warnock beats Trump-backed rival
▼ + stars: | 2022-12-07 | by ( Nathan Layne | ) www.reuters.com time to read: +4 min

With 99% of the estimated vote counted, he led Walker by 50.8% to 49.2%, according to Edison Research. The result cements Georgia as a battleground state certain to play a prominent role in the 2024 presidential election. Senator Raphael Warnock (D-GA) speaks during an election night party after a projected win in the U.S. midterm runoff election between Warnock and his Republican challenger Herschel Walker in Atlanta, Georgia, U.S., December 6, 2022. It is his second runoff victory in two years, after he won the seat in January 2021. Venkayla Haynes, 28, said Warnock's win was especially meaningful after months of organizing get-out-the-vote efforts for both the general election and then the runoff.

☆ Democratic U.S. Senator Warnock wins Georgia runoff, Edison Research projects
▼ + stars: | 2022-12-07 | by ( Nathan Layne | ) www.reuters.com time to read: +3 min

Senator Raphael Warnock won re-election in a hard-fought Georgia runoff on Tuesday, expanding his party's razor-thin majority as he turned back a challenge by Republican former football star Herschel Walker, Edison Research projected. With 97% of the expected vote counted and Warnock commanding a lead of 50.6% to 49.4%, Edison projected that Warnock had won reelection. Warnock's victory cements Georgia as a battleground state certain to play a prominent role in the 2024 presidential election. [1/17] Reverend Raphael Warnock, Democratic Senator for Georgia, delivers remarks during a visit at a campaign office during the midterm Senate runoff elections in Norcross, Georgia, U.S., December 6, 2022. It is the second runoff victory in two years for Warnock, who first won his seat in January 2021.

☆ Georgia runoff: Warnock and Walker neck and neck as results come in
▼ + stars: | 2022-12-07 | by ( Nathan Layne | ) www.reuters.com time to read: +4 min

With 72% of the estimated vote tallied, Warnock led Walker by 50.4% to 49.6%, according to Edison Research. The race was the most expensive of the 2022 U.S. midterm election season, with more than $400 million spent. [1/10] Reverend Raphael Warnock, Democratic Senator for Georgia, delivers remarks during a visit at a campaign office during the midterm Senate runoff elections in Norcross, Georgia, U.S., December 6, 2022. The truth is my opponent could still win this election," Warnock told a crowd in Norcross, Georgia, on Tuesday. This is the third Senate runoff in two years in the state - and the second for Warnock, who first won the seat in a runoff in January 2021.

☆ Democratic Senator Warnock faces challenge by Trump-backed Walker in Georgia
▼ + stars: | 2022-12-07 | by ( Nathan Layne | ) www.reuters.com time to read: +5 min

ATLANTA, Dec 6 (Reuters) - Polls closed on Tuesday in a hard-fought runoff election between Democratic Senator Raphael Warnock and Republican former football star Herschel Walker that will determine whether Democrats can expand their razor-thin Senate majority. With 10% of the estimated vote tallied, Warnock led Walker by 65% to 35%, according to Edison Research. [1/6] Local residents wait in line to cast their ballot during the runoff U.S. Senate election between Democratic Senator Raphael Warnock and his Republican challenger Herschel Walker in Atlanta, Georgia, U.S., December 6, 2022. The truth is my opponent could still win this election," Warnock told a crowd in Norcross, Georgia, on Tuesday. "I feel that Herschel Walker is unsuitable for the job, to say the least," he said.

☆ How Trump’s legacy became ‘pure poison’ for independents
▼ + stars: | 2022-12-06 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +16 min

Among female independents, Trump’s ratings were even worse: just 23% favorable and 72% unfavorable, according to previously unpublished exit poll results provided by the CNN polling unit. Trump’s unfavorable rating hit a comparable 69% among independents with at least a four-year college degree. That was a significantly smaller advantage than the double-digit lead among independents Democrats enjoyed in both the 2020 presidential race and the 2018 contest for the House. While Democrats held the presidency, Republicans won independents by double-digits in House elections in the midterms of 2014, 2010 and 1994. Gretchen Whitmer won 59% of the independents with degrees and 56% of women independents.

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