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☆ U.S. service sector activity picks up in November - ISM survey
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 5 (Reuters) - U.S. services industry activity unexpectedly picked up in November, with employment rebounding, offering more evidence of underlying momentum in the economy as it braces for an anticipated recession next year. A reading above 50 indicates expansion in the services sector, which accounts for more than two-thirds of U.S. economic activity. Manufacturing activity contracted in November for the first time in 2-1/2 years, the ISM reported last week. In November, the ISM's measure of services industry employment increased to 51.5 from 49.1 in October. The survey's measure of services industry supplier deliveries fell to 53.8 from 56.2 in October.

WASHINGTON, Dec 3 (Reuters) - President Joe Biden's administration is mulling a proposal from Republican leader Kevin McCarthy to repeal the U.S. military's COVID-19 vaccine mandate, the White House said on Saturday. But the White House said Biden had agreed only to consider the idea. "Leader McCarthy raised this with the president and the president told him he would consider it," said White House spokesperson Olivia Dalton. McCarthy presented the vaccine mandate deal as a sign of how he would lead the House as speaker. He also rebutted conservative criticism over his attendance at a White House state dinner for French President Emmanuel Macron.

☆ Take Five: Ready for that Santa rally?
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +5 min

1/FRANC DISCUSSIONCredit Suisse executives may need to sit down for an honest chat about whether the bank's latest strategic plan is enough to rally investors. And with the Federal Reserve, European Central Bank and Bank of England meeting in coming weeks, the drama isn't over. For some, the notion of peak rates, peak inflation and China's reopening is reason enough for cheer. After months of pain inflicted by high inflation and aggressive rate increases, perhaps it's time to bring on the Santa rally. That wouldn't necessarily cut short a rally in Aussie dollar, which recently has been driven more by China's re-opening hopes and a retreating greenback than the RBA.

☆ Wall Street mistakenly overlooking Salesforce's solid quarter by focusing too much on co-CEO exit
▼ + stars: | 2022-11-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Sure, cRPO (current remaining performance obligation) was a little light and the fiscal fourth quarter revenue guide midpoint missed by a hair (some conservatism probably due to the uncertain macro environment). Companywide results Breaking down quarterly subscription and support revenue results by cloud: Sales cloud revenue increased 17% in constant currency to $1.7 billion. Service cloud revenue increased 16% in constant currency to $1.9 billion. Platform and other (including Slack, which Salesforce acquired on July 21, 2021) revenue increased 22% in constant currency to $1.5 billion. Guidance For their fiscal fourth quarter, Salesforce management sees revenues increasing 8% to 10% year over year to $7.93 billion to $8.03 billion.

☆ Endangered status sought for manatees as hundreds starve
▼ + stars: | 2022-11-22 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

ST. PETERSBURG, Fla. — Manatees that are dying by the hundreds mainly from pollution-caused starvation in Florida should once again be listed as an endangered species, environmental groups said Monday in a petition seeking the change. Fish and Wildlife Service contends it was an error to take manatees off the endangered list in 2017, leaving the slow-moving marine mammals listed only as threatened. Under the Endangered Species Act, a species is considered endangered if it is “in danger of extinction throughout all or a significant portion of its range.” A threatened species is one that may become endangered in the foreseeable future. “Re-designating manatees as endangered will be a critical first step in righting a terrible wrong,” Rose said. The Fish and Wildlife Service has 90 days to determine whether restoring the manatee to endangered status is warranted and, if so, 12 months from the date of the petition to complete a review of the manatee’s status.

☆ Treasury Department release guidelines for Russian oil transport ahead of planned price cap
▼ + stars: | 2022-11-22 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

The Treasury Department issued new guidance Tuesday about policies on the maritime transport of Russian oil ahead of a planned price cap in early December. Shipping and customs brokering are among several services covered under an executive order addressing the transport of Russian oil by sea. Russian oil output is expected to fall to 1.4 million barrels a day by next year. The Price Cap Coalition has not yet decided on how much to cap the price of oil, but the cap will be set after a "technical exercise" conducted by the coalition, according to the guidance. The decision will be made "in the coming days," a senior Treasury official said.

☆ The US economy can stick a soft landing, but these 4 steps need to happen, says Goldman Sachs
▼ + stars: | 2022-11-21 | by ( Brian Evans | ) www.businessinsider.com time to read: +3 min

The US economy has a "feasible if challenging path to a soft landing" next year, Goldman Sachs said. "The initial steps along this path have been successful, but there is much further to go in 2023." Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. And while consumer spending will continue to grow, Goldman expects that to be offset by weakness in housing and other sectors. Step 4Lastly, Goldman says the slowdown in wage growth has to drive inflation back down to 2%, which will take longer than 2023.

☆ Stores like Uniqlo, Timberland, and Arc'teryx will reward you for dropping off your unwanted clothes — they may even repair them
▼ + stars: | 2022-11-20 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

Uniqlo's Manhattan flagship store offers low-cost repairs to worn clothes from the brand. PatagoniaWorn Wear is Patagonia's way of extending the life of its garments by allowing customers to trade in old clothes for store credit. According to the site, the old jeans are repurposed as part of a collaboration with Cotton's Blue Jeans Go Green, another recycling program. ReformationReformation's clothes recycling program, RefRecycling, has operated since 2015. LululemonLululemon's "Like New" section offers customers the option of gently used activewear at a cheaper price than the brand's new clothing.

☆ Cisco deserves more love from investors as management lifts its full-year guidance
▼ + stars: | 2022-11-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Management also increased its earnings outlook for the full year, raising its range to $3.51 to $3.58 from $3.49 to $3.56. For the second quarter of fiscal 2023, management expects revenue to grow 4.5% to 6.5% year over year. Companywide results Total product revenue increased 8% year over year to $10.245 billion, beating estimates of $9.88 billion. End-to-end security (cybersecurity) revenue increased 9% year over year to $971 million, missing estimates of $1.014 billion. Total software revenue grew 5% year over year to $3.9 billion, with software subscription revenue up 11%, and 85% of software revenue subscription based.

☆ If you want to land a job or get a raise in the tech industry, you have to past a test — and pretty much everyone is cheating on the exams
▼ + stars: | 2022-11-14 | by ( Rob Price | ) www.businessinsider.com time to read: +18 min

It was one in a long line of tech certifications that Bill freely acknowledges he earned, at least in part, by cheating. And he's far from alone: In the tech industry, it's an open secret that there are thousands, if not millions, of cheaters just like Bill. The rise of exam dumps for tech certifications could have devastating consequences. But the cheating is clearly having a corrosive effect on the tech industry, particularly the hiring process. But the perception that workers from poorer countries are more likely to be cheaters can also fuel racism against foreign-born tech workers.

☆ Tesla recalls 40,000 U.S. vehicles over potential loss of power steering assist
▼ + stars: | 2022-11-08 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, Nov 8 (Reuters) - Tesla Inc (TSLA.O) is recalling just over 40,000 2017-2021 Model S and Model X vehicles that may experience a loss of power steering assist when driving on rough roads or after hitting a pothole. The Texas-based electric vehicle manufacturer has released an over-the-air software update to recalibrate the system after it began rolling out an update on Oct. 11 to better detectunexpected steering assist torque. The National Highway Traffic Safety Administration said a loss of power steering assist can require greater steering effort, especially at low speeds, increasing the crash risks. Separately, Tesla is recalling 53 2021 Model S exterior side rearview mirrors that were built for the European market that do not comply with U.S. "Rear Visibility" requirements. Tesla has issued 17 recall campaigns in 2022 covering 3.4 million vehicles.

☆ Heavy stock-market volatility should run into 2023 as investors gauge whether the economy will have a soft or hard landing, says UBS
▼ + stars: | 2022-11-08 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

Investors should expect further volatility in the S&P 500 in 2023 as investors update their economic outcome probabilities, UBS Global Wealth Management said Tuesday. "Fatter" tail risks for the market would stem from divergences in activity between the goods and services sectors of the economy and the Federal Reserve's path of rate hikes. "A soft landing that could materialize in the absence of too much tightening becomes slightly more plausible," Draho said. Meanwhile, the divergence in activity between the goods and services sectors in the slowing US economy adds to the risk of tail outcomes, UBS said. "Investors shouldn't position their portfolios for either of these tail scenarios, but higher probabilities for both do have market implications," said Draho.

☆ U.S. service sector slows in October; price pressures build up - ISM survey
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

A reading above 50 indicates expansion in the services sector, which accounts for more than two-thirds of U.S. economic activity. The ISM's measure of new orders received by services businesses fell to 56.5 from 60.6 in September. The ISM survey's measure of services industry supplier deliveries increased to 56.2 last month from 53.9 in September. Its services industry employment gauge dropped to 49.1 from 53.0 in September. Services businesses in the ISM survey in September reported hiring remained a challenge and qualified workers were scarce.

☆ Jim Cramer: The tech tyranny is over. These are the stocks driving this market
▼ + stars: | 2022-10-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

The money went to the stocks of companies who buy their shares in the open market the way Silicon Valley issues it. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Ex-Army sergeant pleads guilty to brutal stabbing death of fellow soldier in Georgia barracks
▼ + stars: | 2022-10-27 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

A former Army sergeant admitted to the brutal 2020 stabbing of a fellow soldier in his Georgia barracks, a killing federal prosecutors say was retaliation "in cold blood" for the soldier reporting marijuana use. Under the plea agreement, he faces a mandatory minimum sentence of life in federal prison, the Department of Justice said in a news release on Thursday. "The pair discussed beating Hawk up, damaging his car, or breaking things in Hawk’s barracks room," the plea agreement says. The following day, around 12:20 a.m., Booker parked his vehicle outside of a gate on the base and "unlawfully" entered before walking to Hawk's barracks room. The fight made so much noise that Brown, in a room below, could hear furniture moving, the plea agreement states.

NBC News, in collaboration with the International Consortium of Investigative Journalists, The Washington Post, and Arab Reporters for Investigative Journalism, interviewed more than 40 current and former employees of contractors at military bases. According to an NBC News analysis, at least 10 companies with substantiated trafficking violations since 2007 have received billions in new government contracts. ‘Mad scramble’Foreign workers are crucial for the more than 700 military bases with U.S. service members around the world. One company that continues to get work at Middle East bases despite past violations documented in an Army compliance agreement is Tamimi, Abdulla’s employer. Lusambu Karim, a 50-year-old Ugandan, told NBC News about trafficking violations he said he encountered working for Aegis in Afghanistan from 2018 to 2020.

☆ The Amex Hilton Business Card now comes with a welcome bonus of 130,000 points plus a free night award — potentially worth 280,000 points total
▼ + stars: | 2022-10-27 | by ( Joseph Hostetler | Credit Cards Reporter | Read More | ) www.businessinsider.com time to read: +16 min

You can reserve a night at the Grand Wailea, a Waldorf Astoria resort in Maui, with the Hilton Business card's free night certificate. Per Insider's points valuations, Hilton points are worth 0.5 cents each, on average. Enjoy complimentary Hilton Honors Gold Status with your Hilton Honors Business Card. I recently used my Hilton free night certificate for a night at the Waldorf Astoria Maldives, which costs more than $2,000 per night. You can read our Hilton Honors Business Card review for more card details.

☆ The Amex Hilton Business Card welcome bonus of 130,000 points plus a free night award is potentially worth 280,000 points total, but it's your last chance to apply
▼ + stars: | 2022-10-27 | by ( Joseph Hostetler | Credit Cards Reporter | Read More | ) www.businessinsider.com time to read: +16 min

You can reserve a night at the Grand Wailea, a Waldorf Astoria resort in Maui, with the Hilton Business card's free night certificate. The Hilton Honors American Express Business Card has ongoing benefits that justify its $95 annual fee, even without the bonus. Enjoy complimentary Hilton Honors Gold Status with your Hilton Honors Business Card. I recently used my Hilton free night certificate for a night at the Waldorf Astoria Maldives, which costs more than $2,000 per night. You can read our Hilton Honors Business Card review for more card details.

The all-inclusive figure that forms the basis for the Fed's target is likely to come in around 6%. SUPPLY, DEMAND, COMPETITIONThere has been sharp rhetoric about high corporate profits driving inflation - and indeed businesses like auto dealers enjoyed large markups during the pandemic, when demand surged and supply was limited. Based on those and other metrics, shelter inflation already may be declining even if government data doesn't show it yet. While that may not be the source of inflation, Fed officials feel that more balance between labor demand and supply will help ease price increases. "This pattern supports our view that wage growth and price inflation will moderate without a recession," Briggs wrote.

☆ What Cramer is watching Wednesday — mortgage demand collapses, tech red flags
▼ + stars: | 2022-10-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

What I am looking at Wednesday, Oct. 26, 2022 Worst mortgage demand since 1997 . Early, weaker quarterly summary on tech Tuesday evening from Club holdings Alphabet (GOOGL) and Microsoft (MSFT). No longer in early innings of the cloud, and cloud costs, especially electricity, are way up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Asian stocks ease to 2-1/2-year lows, pound lifted by Sunak's victory
▼ + stars: | 2022-10-25 | by ( Anshuman Daga | ) www.reuters.com time to read: +3 min

Sterling strengthened 0.3% to $1.13170, heading toward the high this month of $1.1493 from Oct. 5. MSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS) lost 0.4% to 428.2 after dipping to 427.4 , the lowest since April 2020. ING economists noted widespread weakness in the Purchasing Managers' Index (PMI) published on Monday across the developed markets. The mainland Chinese benchmark index (.CSI300) shed 0.6 and the offshore yuan tumbled to yet another record low against the dollar, weakening to as much as 7.3650 per dollar. In commodities markets, gold prices rose 0.1% to $1,650.6 per ounce, while benchmark Brent crude futures were steady at $93.2 per barrel.

☆ Japan keeps warning on market volatility, raises view on capex in report
▼ + stars: | 2022-10-25 | by ( Kantaro Komiya | ) www.reuters.com time to read: +3 min

TOKYO, Oct 25 (Reuters) - Japan reiterated a warning that "full attention" should be paid to market volatility in its monthly economic report published on Tuesday, following the government's repeated market interventions in the wake of the yen's slide to a 32-year low. The October economic report kept the overall assessment of the economy unchanged for a fourth month, saying it was in a moderate recovery, though it raised its view on business spending while downgrading its assessment of imports. On private consumption, which accounts for more than half of Japanese gross domestic product, the government kept its view that it was moderately picking up. Service spending was rising, but consumer sentiment has tumbled due to inflation, especially among low-income earners, the official said. ($1 = 148.8400 yen)Register now for FREE unlimited access to Reuters.com RegisterReporting by Kantaro Komiya; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Thai telco regulator gives conditional clearance to True, DTAC merger
▼ + stars: | 2022-10-20 | by ( Chayut Setboonsarng | Andres Gonzalez | ) www.reuters.com time to read: +2 min

BANGKOK, Oct 20 (Reuters) - Thailand’s telecommunications regulator cleared the merger of the country’s second and third largest mobile operators, True Corporation Pcl (TRUE.BK) and Telenor ASA’s (TEL.OL) Total Access Communication Pcl (DTAC) (DTAC.BK) with conditions. The combined entity will overtake Advanced Info Service Pcl (AIS) (ADVANC.BK), as market leader. True, DTAC and AIS did not immediately respond to requests for commentDTAC is backed by Norwegian firm, Telenor. Thai agri-industrial conglomerate Charoen Pokphand Group holds a 49% stake in True Corp with China Mobile holding 18%, True’s website shows. Register now for FREE unlimited access to Reuters.com RegisterReporting by Chayut Setboonsarng; Editing by Susan Fenton;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

For a limited time, the Hilton Honors American Express Card, Hilton Honors American Express Surpass® Card , and The Hilton Honors American Express Business Card are offering a higher number of points than usual. But if you want to earn Hilton points in a hurry or like the benefits that come with these cards, they should be on your radar. That makes it a good option for those looking to earn Hilton points on everyday expenses without paying an annual fee. With 130,000 Hilton points, you could book a night here and still have points left over. Enjoy complimentary Hilton Honors Gold Status with your Hilton Honors Business Card.

NBA regular season games are broadcast by ESPN, TNT, ABC, NBA TV, and local affiliate stations. Throughout the regular season, nationally televised NBA games are spread across TNT, ESPN, ABC, and NBA TV. Key dates for the 2022-23 NBA seasonThe 2022-23 NBA regular season begins on October 18 and runs through April 9, 2023. If you're interested in following additional games, you can subscribe to NBA League Pass to stream out-of-market regular season games from the entire league. For $20 a month or $130 a year, you can step up to NBA League Pass Premium.

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