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☆ 34-year-old’s online business brings in $66,000/month: ‘I never thought I could make money doing what I love'
▼ + stars: | 2023-02-09 | by ( Mark Neace | ) www.cnbc.com time to read: +4 min

Now, at 34, I'm a full-time video game coach and streamer. But I never thought I could make money doing exactly what I love. I use Adobe Photoshop to create photos and graphics for my YouTube and Facebook videos, and Open Broadcaster Software to record and stream videos. Mark Neace is a full-time video game coach and streamer. Follow him on Facebook, YouTube and Instagram.

☆ ChatGPT has investors scrambling to get on the AI bandwagon so much that obscure stocks are soaring just like big-name chip companies
▼ + stars: | 2023-02-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

That's that for the latest Fed talk — but today, we're taking a closer look at the AI hype train passing through the stock market. And small-cap tech stocks with names that nod to bots like BigBear.ai and SoundHound AI have similarly notched gains so far this year. Tech stocks have come back with a "vengeance," Fundstrat's Mark Newton said. It's a necessary step for policymakers to take, the group said, even if it means declines in stock market returns. Wall Street's biggest firms are warning their clients not to trust the stock market rally.

☆ The rally will continue as tech makes a comeback, says Fundstrat's Newton
▼ + stars: | 2023-02-06 | 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 rally will continue as tech makes a comeback, says Fundstrat's NewtonMark Newton, Fundstrat head of technical strategy, joins 'Closing Bell: Overtime' to discuss Fundstrat's technical call for the markets to expect the rally to continue.

☆ Take Five: The Bottom Line
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +5 min

Australia and India's central banks are navigating the shifting sands of data and markets are digesting what the world's top central banks have to offer. The question is what impact this will have on bonds and stocks markets after a stellar January? Reuters Graphics4/ RUN RALLY, RUNIt was a stellar start to 2023 for markets - stocks and government bonds enjoyed one of the best Januaries on record, fuelled by optimism that the worst is over. That's not good for a central bank, nor is the idea that their communication is ineffective. Policy rate hikes and cuts by central banks overseeing the 10 most traded currencies.

☆ Greenpeace activists scale Shell oil platform in the Atlantic Ocean as company announces record profits
▼ + stars: | 2023-02-02 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

CNN —Activists from the campaign group Greenpeace have boarded a ship in the Atlantic Ocean and scaled a Shell oil platform that is currently being transported to the North Sea. The company has benefited from very high oil and gas prices following Russia’s invasion of Ukraine. Shell is moving the platform to the Penguins oil and gas field, northeast of the Shetland Islands in Scotland to help unlock new wells. The field is expected to produce 45,000 barrels of oil or gas equivalent a day. Greenpeace climate activists: Carlos Marcelo Bariggi Amara, from Argentina, Imogen Michel from the UK, Usnea Granger from the US, and Yakup Çetinkaya, from Turkey.

☆ Drought threatens U.S. wheat production despite acreage bump
▼ + stars: | 2023-02-02 | by ( Julie Ingwersen | ) www.reuters.com time to read: +5 min

[1/2] Mark Nelson, a scout on the Wheat Quality Council's Kansas wheat tour, checks a winter wheat field north of Minneapolis, Kansas, U.S., May 17, 2022. 3 winter wheat producer last year. Winter wheat typically represents about two-thirds of U.S. production, with the remainder planted in the spring, and the U.S. has lost market share to other wheat exporters, including Russia, in recent years. U.S. soft red wheat acres rose by 20% year-on-year and planting jumped by 45% in Illinois, the No. 8 U.S. winter wheat state by acreage.

Spokespeople for SEBI and Adani Group did not immediately respond to requests for comment. Among several allegations, Hindenburg accused Adani Group last week of using offshore tax havens and stock manipulation. On Tuesday, Adani Group mustered support from investors for a $2.5 billion share sale for Adani Enterprises, in what some saw as a stamp of investor confidence at a time of crisis. Reuters Graphics[1/5] Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port in Haifa port, Israel January 31, 2023. The U.S. dollar-denominated bonds of Adani Ports maturing in February 2031 led the losses, falling 3.59 cents to 67.58 cents.

[1/2] Men walk past an electric board displaying Nikkei and other countries' indexes outside a brokerage in Tokyo, Japan January 16, 2023. After $14 trillion was wiped off world shares in 2022, $4 trillion has been added back this month. "Markets are in this Goldilocks-scenario of OK growth, slowing inflation and softer monetary policy," said Richard Dias, founder of London-based investment consultancy Acorn Macro. Major central banks have added almost 3,000 basis points to global borrowing costs in this tightening cycle to date. "We've had a monumental rally in government bonds based on expectations we've reached the peak in interest rates," he said.

☆ Australian Open sets Grand Slam attendance record
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +2 min

Jan 31 (Reuters) - The Australian Open set a Grand Slam attendance record with more than 900,000 spectators visiting over three weeks, organisers said on Tuesday, despite the absence of some big-name players and schedule disruptions due to rain. A record 839,192 fans flocked to Melbourne Park from Jan. 16-29 for the first tournament in two years free of COVID-19 restrictions, beating the previous mark of 812,174 set in January 2020. The figures eclipse last year's attendance numbers at other Grand Slam main draws - 515,164 visited Wimbledon, 613,500 were at the French Open and 776,120 went to the U.S. Open. The tournament, missing the retired Serena Williams, Roger Federer and last year's homegrown champion Ash Barty, broke its single-day attendance mark with 94,854 fans visiting on Jan. 21. Novak Djokovic beat Stefanos Tsitsipas on Sunday to win his 10th Australian Open crown, drawing level with Rafa Nadal on 22 majors, and reclaim the world number one rankingAryna Sabalena won her first Grand Slam title with victory over Elena Rybakina on Saturday.

☆ Microsoft, Tesla stock moves hint at positive signs for the market, chart analysts say
▼ + stars: | 2023-01-27 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The S & P 500 ended Thursday at 4,060.43. A key test for the S & P 500 The S & P 500 pushed above its 200-day moving average last Friday. Redler, who follows short-term technicals, said it is important for the S & P 500 to hold between 3,970 and 3,990. She said the S & P 500 is showing signs of being overbought short term, though there continues to be short-term upside momentum. We need to see stocks like Apple, Alphabet, Microsoft, we need to see these stocks going from downtrend to uptrend.

☆ Hopes of slowdown in rate hikes bolster shares ahead of U.S. GDP
▼ + stars: | 2023-01-26 | by ( Huw Jones | ) www.reuters.com time to read: +5 min

Oil prices were steady after U.S. crude stocks rose less than expected, while gold hit a 9-month peak. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) climbed 1.1% and was set for its fifth straight day of gains. The report could mark the last quarter of solid growth before the lagged effects of the Fed's jumbo rate hikes kick in. Oil prices were steady after U.S. crude stocks rose less than expected. Gold prices touched a nine-month high, with spot gold at $1,941 per ounce, after hitting $1,949.09 earlier in the day.

☆ Wall Street is still obsessed with Tesla. Here's what experts are saying as the EV-maker's key earnings report looms.
▼ + stars: | 2023-01-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

I'm senior reporter Phil Rosen, here to ring in a pivotal Tesla earnings report with you this morning. But his wealth — and the wealth of his shareholders — could whipsaw today, depending on what comes across in a particularly important earnings report. But amid the bearishness (not to mention distractions from Twitter), Elon Musk's car maker is still a favorite on Wall Street. FactSet data shows that 64% of analysts give Tesla stock a "buy" or "overweight" rating. US stock futures fall early Wednesday, after Microsoft earnings delivered a bleak outlook that added to investors' worries about earnings growth.

☆ Chipotle, Starbucks and top chains spend millions to stop landmark state worker law
▼ + stars: | 2023-01-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

The council could raise the fast-food industry minimum wage as high as $22 an hour, versus a $15.50 minimum for the rest of the state. California’s fast-food industry has more than 550,000 workers. Less than 4% of restaurant workers nationwide are unionized. This makes it nearly impossible to organize workers at fast-food and retail chains with thousands of stores. If restaurant worker compensation increased by 60%, limited-service restaurant prices would jump by up to 22%, the study also found.

☆ Fundstrat's Mark Newton offers his bullish call for the market
▼ + stars: | 2023-01-24 | 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 Mark Newton offers his bullish call for the marketMark Newton, Fundstrat global head of technical strategy, joins 'Closing Bell: Overtime' to offer his reason for his call that market lows are likely in place.

☆ Exclusive: Goldman Sachs to cut asset management investments that weighed on earnings
▼ + stars: | 2023-01-23 | by ( Saeed Azhar | ) www.reuters.com time to read: +4 min

NEW YORK, Jan 23 (Reuters) - Goldman Sachs Group Inc's (GS.N) asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's earnings, an executive told Reuters. "It's not going to zero because we will continue to invest in and alongside funds, as opposed to individual deals on the balance sheet." The positions included $15 billion in equity investments, $19 billion in loans and $12 billion in debt securities, alongside other investments. If the environment improves for asset sales, Salisbury said he expected to see "a faster decline in the legacy balance sheet investments." Goldman Sachs' asset management arm closed a $15.2 billion fund earlier this month to make junior debt investments in private equity-backed businesses.

☆ Goldman Sachs to cut asset management investments that weighed on earnings
▼ + stars: | 2023-01-23 | by ( ) www.cnbc.com time to read: +4 min

Goldman Sachs Group Inc's asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's earnings, an executive told Reuters. "It's not going to zero because we will continue to invest in and alongside funds, as opposed to individual deals on the balance sheet." The positions included $15 billion in equity investments, $19 billion in loans and $12 billion in debt securities, alongside other investments. If the environment improves for asset sales, Salisbury said he expected to see "a faster decline in the legacy balance sheet investments." Goldman Sachs' asset management arm closed a $15.2 billion fund earlier this month to make junior debt investments in private equity-backed businesses.

☆ You want to be involved in materials, energy and healthcare, says Fundstrat's Mark Newton
▼ + stars: | 2023-01-19 | 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 EmailYou want to be involved in materials, energy and healthcare, says Fundstrat's Mark NewtonFundstrat's Mark Newton joins 'Closing Bell: Overtime' to discuss the safety trades and why they're underperforming right now.

☆ Why Egypt is asking its people to eat chicken feet
▼ + stars: | 2023-01-18 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +17 min

Abu Dhabi CNN —Egypt’s economic situation is so dire that the government is asking people to eat chicken feet. In Egypt, chicken feet are seen as the cheapest of meat items, considered by most as animal waste rather than food. After the recommendation to switch to chicken feet, the price of one kilogram of the product reportedly doubled to 20 Egyptian pounds ($0.67). But those firms don’t operate like private companies, enjoying special privileges without disclosing their financial data to the public. Experts have questioned why international creditors had not leveraged their loans to drive Egypt’s military out of the economy.

☆ Technical analysts agree January's strong start is a good omen, but here's what they expect to happen next
▼ + stars: | 2023-01-09 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Redler expects the S & P 500 could reach 3,980 to 4,000 before reversing lower. The S & P 500 was trading at about 3,940 on Monday. He expects the S & P 500 to put in a near-term top this week. He is watching the 200-day moving average on the S & P 500, which is literally the average of the last 200 closes. "The SPX [S & P 500] has spent the majority of the last three weeks between 3,800 and 3,900," Krinsky wrote in a note.

☆ Salesforce managers were blindsided by news of layoffs, insiders say
▼ + stars: | 2023-01-04 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Some senior managers learned of the cuts at the same time as rank-and-file staffers. Some Salesforce managers, even those with senior titles, were blindsided by the company's layoff plans when they commenced on Wednesday, according to internal Slack messages viewed by Insider. Slack messages viewed by Insider were sent by managers ranging from senior manager to vice president level. Salesforce laid off around 1,000 employees this week in an initial round of job cuts, insiders say. Insider reported in December that some Salesforce managers were being asked to identify their bottom 10% of performers.

☆ There may be opportunity in Tesla toward month-end, says Fundstrat's Mark Newton
▼ + stars: | 2023-01-04 | 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 EmailThere may be opportunity in Tesla toward month-end, says Fundstrat's Mark NewtonMark Newton, Fundstrat global head of technical strategy, joins 'Closing Bell: Overtime' to discuss Tesla rallying today after having a rough 2022 and still being down in the year.

☆ You got the AirPods Pro for the holidays. Here are some of the coolest features you need to know about
▼ + stars: | 2022-12-26 | by ( Sofia Pitt | ) www.cnbc.com time to read: +5 min

Sofia PittIf you were received Apple 's new second-generation AirPods Pro as a holiday gift, you made out well. Here are some AirPods Pro tips and tricks to get you started. How to find your AirPods Pro if you lose themThere's a built-in speaker in the new AirPods Pro that plays a sound so you can locate them. Tap the name of your AirPods (mine say Sofia's AirPods Pro). Ways to charge your new AirPodsThe new AirPods Pro come with a MagSafe charging case.

☆ Indian shares snap four-day losing streak; Nifty 50 back above 18,000
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 26 (Reuters) - Indian shares rose for the first time in five days in a low-volume session on Monday, with the benchmark Nifty 50 reclaiming the key 18,000 level, as risk assets were boosted after mixed U.S. data bolstered bets of smaller Federal Reserve rate hikes. The Nifty 50 index (.NSEI) closed 1.17% higher at 18,014.60, and the S&P BSE Sensex (.BSESN) gained 1.20% to 60,566.42, marking their biggest daily gain since Nov. 24. The Nifty fell 3.3% in the previous four sessions, slipping below the psychologically key 18,000 mark on Friday. Forty of the Nifty 50 constituents advanced, as did most of the major sectoral indexes. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Savio D'Souza and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Some top equity strategists predict no profit growth or even a decline in earnings. For the U.S. benchmark S&P 500, analysts project full-year 2023 profit growth of 4.7% following estimated growth of 5.7% for all of 2022, based on Refinitiv data. Jonathan Golub, chief U.S. equity strategist at Credit Suisse Securities in New York, recently lowered his profit forecast and expects a decline in year-over-year S&P 500 earnings in 2023. "Our analysis shows that both earnings and margins typically contract when global GDP (gross domestic product) growth ran below trend". Earnings breakdown by regionEarnings growth by global sectorBlackRock in its 2023 global outlook said earnings expectations are not yet pricing in a recession.

☆ Expert on White House chiefs of staff says Mark Meadows 'absolutely owns' the title of 'worst' chief in history after ex-aide's damning testimony
▼ + stars: | 2022-12-19 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +11 min

The historian Chris Whipple said Mark Meadows was the worst White House chief of staff in history. The author Chris Whipple, who has interviewed dozens of White House chiefs of staff, said that Cassidy Hutchinson's shocking testimony before the House January 6 committee has made it abundantly clear that Mark Meadows is by far the "worst" White House chief of staff in history. On December 19, the panel released an executive summary of its findings that was harshly critical of Meadows' book "The Chief's Chief." Whipple wrote the literal book on White House chiefs of staffABC's George Stephanopoulos interviews the author Chris Whipple in 2017. "I've said oftentimes that being White House chief of staff is perhaps the second most powerful job in Washington, D.C.

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