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☆ U.S. Stocks Jump, With Dow Up About 550 Points
  + stars: | 2022-10-17 | by ( Joe Wallace | Justin Baer | ) www.wsj.com   time to read: 1 min
U.S. stocks surged Monday, another day of outsize moves on Wall Street, as investors tried to make sense of an unsettled economic outlook and geared up for another batch of corporate earnings. The S&P 500 rose 94.88 points, or 2.6%, to 3677.95. The index slid 2.4% Friday after a 2.6% gain Thursday. The Dow Jones Industrial Average added 550.99 points, or 1.9%, to 30185.82, while the Nasdaq Composite jumped 354.41 points, or 3.4%, to 10675.80.
☆ Singapore's digital wealth platform Endowus acquires HK'S Carret Private
  + stars: | 2022-10-16 | by ( ) www.reuters.com   time to read: +1 min
SINGAPORE, Oct 16 (Reuters) - Singapore-based digital wealth advisor Endowus has acquired a majority stake in Hong Kong-based wealth manager and multi-family office Carret Private Investments Limited, it announced on Monday. With the acquisition, total assets under management of the Endowus group - comprising Endowus' licensed companies in Singapore and Hong Kong, as well as Carret Private - stands at over $4 billion across tens of thousands of clients as at the end of the first half this year. The group, through Carret Private’s minority shareholding, will also have a partnership with Singapore-based wealth advisor and multi-family office Lumen Capital Investors. Lumen is founded and led by Wilfried Kofmehl, former CEO of Bank Julius Baer Singapore. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rae Wee; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.
☆ Crypto Broker NYDIG Lays Off One-Third of Staff to Narrow Focus
  + stars: | 2022-10-13 | by ( Vicky Ge Huang | Justin Baer | ) www.wsj.com   time to read: 1 min
Digital currencies including bitcoin and the cluster of companies built to serve crypto markets have experienced a reversal. NYDIG, the bitcoin trading and banking firm, laid off about a third of its workforce last month, people familiar with the matter said. Company executives informed employees affected by the job cuts, which numbered around 110, on Sept. 22, the people said. Employees were told the firm was seeking to trim expenses and narrow its focus to more-promising businesses, the people said.
☆ Crypto Broker NYDIG Lays Off One-Third of Staff in Effort to Narrow Focus
  + stars: | 2022-10-13 | by ( Vicky Ge Huang | Justin Baer | ) www.wsj.com   time to read: 1 min
Digital currencies including bitcoin and the cluster of companies built to serve crypto markets have experienced a reversal. NYDIG, the bitcoin trading and banking firm, laid off about a third of its workforce last month, people familiar with the matter said. Company executives informed employees affected by the job cuts, which numbered around 110, on Sept. 22, the people said. Employees were told the firm was seeking to trim expenses and narrow its focus to more-promising businesses, the people said.
☆ America’s Oldest Bank, BNY Mellon, Will Hold That Crypto Now
  + stars: | 2022-10-11 | by ( Justin Baer | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/americas-oldest-bank-bny-mellon-will-hold-that-crypto-now-11665460354
☆ Elon Musk's battle with Twitter shows that even the brashest, loudest leaders can face a reckoning
  + stars: | 2022-10-11 | by ( Ebony Flake | ) www.businessinsider.com   time to read: +7 min
Now, though, his latest fight with Twitter shows the perils of always leading with bravado: While scandal is unlikely to sink the CEO, he's making extra work for himself — more than he usually does. Musk's negotiations to buy Twitter were subsequently halted when he pushed for concessions the platform was unwilling to give. Duncan Levin, a criminal defense attorney who represents controversial clients, such as Harvey Weinstein, Clare Bronfman, and Anna Delvey, told Insider: "No one is scandal-proof. Musk's ability to bounce back from repercussions is the result of a complex interplay of a fierce, cultlike fandom and his transformational leadership style, experts told Insider. What's more, he's highly intelligent and ahead of most people, a former manager at Tesla previously told Insider.
☆ Stocks Soar as Bond Prices Rally
  + stars: | 2022-09-28 | by ( Anna Hirtenstein | Justin Baer | ) www.wsj.com   time to read: 1 min
U.S. stocks swung higher on Wednesday, delivering an emphatic end to a week of punishing losses. The S&P 500 jumped 71.75 points, or 2%, to 3719.04 as bond yields tumbled, leaving stocks looking more attractive to investors. The Dow Jones Industrial Average rose 548.75 points, or 1.9%, to 29683.74. Both indexes had fallen for six straight days as of Tuesday, and earlier this week the Dow joined the S&P 500 in a bear market.
☆ US spy planes appear to be monitoring a Russian enclave in Europe, possibly looking for signs of nuclear weapons activity
  + stars: | 2022-09-28 | by ( Charles R. Davis | ) www.businessinsider.com   time to read: +4 min
Kaliningrad is a Russian territory on the Baltic sea, separated from mainland Russia by Lithuania. In 2018, Russia conducted a "major renovation" of a nuclear weapons site there, an expert said. In April, the Russian military announced that its Baltic Fleet in the Kaliningrad region conducted a "simulated missile strike exercise" using its "Iskander operational and tactical missile complexes." What they suggest, he told Insider, is that there is "an increased interest in Russian military movements by high-level decision makers in the United States." "The chances of his using nuclear weapons — at least tactical nuclear weapons — is going up by the day," Baer said.
☆ Analysis: Russia's Ukraine gas transit sanction threat a fresh blow for Europe
  + stars: | 2022-09-28 | by ( Nina Chestney | Thomson Reuters | Oversees | ) www.reuters.com   time to read: +4 min
Such sanctions would prohibit Gazprom from paying Ukraine transit fees, which analysts say could end Russian gas flows to Europe via the country. "(Sanctions) would make into reality the worst-case scenario that European governments have been preparing for all summer, a European gas market without Russian gas," said Natasha Fielding, head of EMEA gas pricing at Argus Media. "Transit through Ukraine is the only Russian gas delivery route to Europe still in use besides the Turkish Stream pipeline, which serves southeast European countries," she added. Gas flows via the only operational Ukraine transit route through Sudzha are currently around 42 million cubic metres a day. As a result, European gas storage was 88% full as of Sept. 26, although there are variations between countries.
☆ Ex-CIA officer says Putin is 'completely cornered' and the chances of his using tactical nuclear weapons in Ukraine are increasing 'by the day'
  + stars: | 2022-09-27 | by ( Jake Epstein | ) www.businessinsider.com   time to read: +4 min
Robert Baer told CNN the Russian leader was unlikely to deescalate, given all his setbacks. Baer also said the chances that Putin might turn to tactical nuclear weapons were increasing. "The chances of his using nuclear weapons — at least tactical nuclear weapons — is going up by the day," Baer added, referring to smaller nuclear weapons meant for use on the battlefield. Russia has the world's largest nuclear arsenal, equipped with both tactical nuclear weapons as well as strategic nuclear weapons, which would be used against cities. "Russians that I keep in touch within Russia are convinced he's going to go nuclear," Baer told CNN.
☆ Ex-CIA officer says Putin is 'completely cornered' and the chances of him using tactical nuclear weapons in Ukraine are increasing 'by the day'
  + stars: | 2022-09-27 | by ( Jake Epstein | ) www.businessinsider.com   time to read: +4 min
Baer also said the chances that Putin turns to tactical nuclear weapons are increasing. "The chances of his using nuclear weapons — at least tactical nuclear weapons — is going up by the day," Baer added. He is completely cornered, and like a shark, he's got to move forward," Baer told CNN "He continues to bomb Ukrainian cities. Russia has the world's largest nuclear arsenal, equipped with strategic nuclear weapons — which can be used on cities — and tactical nuclear weapons — which can be used on the battlefield. "Russians that I keep in touch with in Russia are convinced he's going to go nuclear," Baer told CNN.
☆ Video: 'Putin is cornered': Ex-CIA officer predicts Putin's next move
  + stars: | 2022-09-27 | by ( ) edition.cnn.com   time to read: 1 min
Russian President Vladimir Putin is under pressure as many Russians are defying his call for partial mobilization for the war in Ukraine. CNN's Intelligence and Security Analyst Robert Baer says Putin will not de-escalate his war against Ukraine despite facing setbacks.
☆ Chess-World champion Carlsen alleges Niemann has cheated more than he admits
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +3 min
read more"So far I have only been able to speak with my actions, and those actions have stated clearly that I am not willing to play chess with Niemann," Carlsen said in a statement on Twitter. "When Niemann was invited last minute to the 2022 Sinquefield Cup, I strongly considered withdrawing prior to the event. I ultimately chose to play," Carlsen said. "I believe that Niemann has cheated more - and more recently - than he has publicly admitted," Carlsen said on Monday. "Chess organisers and all those who care about the sanctity of the game we love should seriously consider increasing security measures and methods of cheat detection for over-the-board chess," Carlsen added.
☆ Short Sellers Upended a Small Farm Real-Estate Company. This Is What It Looked Like.
  + stars: | 2022-09-25 | by ( Justin Baer | Photographs Taylor Glascock For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
Andy Jenks, a sixth-generation Illinois farmer, owns shares in a small real-estate investment trust called Farmland Partners but rarely thought about them. That morning, a writer going by the name Rota Fortunae published an article on an investing website, Seeking Alpha, alleging Farmland was at risk of insolvency. Some investors had shorted the company, betting Farmland’s stock was poised to decline. It did, and by the end of the day, Farmland was down 39%. It took more than two years for the share price to recover.
☆ 6 takeaways from the massive debate about the SEC's proposed new climate rule
  + stars: | 2022-07-12 | by ( Drake Baer | ) www.businessinsider.com   time to read: +7 min
Gary Gensler, the chair of the SEC, told Insider the proposed plan is to make environmental, social, and governance, or ESG, reporting more formalized. The most popular is TCFD, a set of letters you should get used to if you're interested in climate policy. The task force developed its own set of international recommendations for climate reporting, with "core recommendations" centered around governance, strategy, risk management, and metrics and targets. How synced should ESG reporting be with preexisting quarterly and annual reports? "We believe ESG reporting will mature far more quickly but needs to follow a similar path."
☆ 14 signs you're smarter than you think you are
  + stars: | 2019-04-08 | by ( Shana Lebowitz | Áine Cain | ) www.businessinsider.com   time to read: +1 min
As it turns out, stupid people tend to overestimate their competence, while smart people tend to sell themselves short. Check out the list below and see if any of these signs apply to you. AdvertisementStupid people tend to overestimate their competence, while smart people often sell themselves short. As Shakespeare put it in "As You Like It": "The fool doth think he is wise, but the wise man knows himself to be a fool." Here are some subtle signs that you are considerably smarter than you think.
Persons: —, Shakespeare, David Dunning, Justin Kruger, Dunning, Kruger, Drake Baer, Chelsea Harvey Organizations: Service, Cornell University
☆ 17 science-backed ways men can appear more attractive to women
  + stars: | 2016-10-31 | by ( Shana Lebowitz | Drake Baer | ) www.businessinsider.com   time to read: 1 min
Men — and women — are attracted to people who are as attractive as they are. In one study, for example, researchers at the University of California at Berkeley looked at the behavior of 60 male and 60 female users on an online dating site. "If you go for someone roughly [equal] to you in attractiveness, it avoids two things," Nottingham Trent University psychologist Mark Sergeant, who was not involved with the study, tells The Independent. "If they are much better-looking than you, you are worried about them going off and having affairs. If they are much less attractive, you are worried that you could do better."
Persons: —, Mark Sergeant Organizations: University of California, Nottingham Trent University Locations: Berkeley
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