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☆ Regional bank reports so far show deposits are stabilizing. What's next for the stocks
▼ + stars: | 2023-04-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The opening days of the first-quarter earnings season have spurred a sigh of relief among investors, especially when it comes to the regional banks whose future seemed seriously in doubt just a month ago. A quick glance at the early reports from the biggest regional banks show only modest deposit declines in the first quarter. One deposit drop that caught some analysts off-guard among the larger regional banks was a nearly $20 billion decline at US Bancorp , but the bank still has more than $500 billion in deposits. Longer term outlook However, the stabilized funding may not be enough for the regional bank stocks to catch up to their larger competitors, which are viewed as safer and have more diversified businesses. A potential recession could cause credit losses at regional banks in the coming months, and commercial real estate exposure is particularly concerning for investors.

☆ Morgan Stanley just revealed its best long-term stock picks in Europe
▼ + stars: | 2023-04-03 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Despite their underperformance in recent years, " quality" stocks have been persistent outperformers within European stock markets for decades, according to research from Morgan Stanley . The bank has revealed its "35 for 2025" list, featuring the bank's 35 best long-term picks in Europe. Notwithstanding recent price moves, quality stocks also look reasonably valued, with average relative valuations for the MSCI Europe Quality index below their 10-year average," Morgan Stanley's analysts, led by Giorgio Magagnotti, wrote in a note on Mar. British alcoholic beverage maker Diageo also makes an appearance, with Morgan Stanley confident of Diageo's ability to deliver "superior" growth. Within the semiconductor space, ASML is Morgan Stanley's top pick.

☆ Beware of these S&P 500 stocks expected to struggle
▼ + stars: | 2023-03-19 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Investors may want to consider dumping some stocks expected to underperform going forward, especially as market volatility remains elevated. Bleach maker Clorox made the list with an average analyst rating of underweight. The transportation stock has an average rating of hold, and 25% of analysts covering it rate it as sell. The average analyst price target on C.H. Other stocks that made our list are Pinnacle West Capital , Expeditors International of Washington , Consolidated Edison and T. Rowe Price .

☆ How Indonesia is using diplomacy to call for the end of Russia's war in Ukraine
▼ + stars: | 2023-03-16 | by ( Sponsor Post | Created Insider Studios With Fcdo | ) www.businessinsider.com time to read: +6 min

Indonesia has joined the vast majority of the world's countries in condemning Russia's invasion of Ukraine. Agriculture, IT, and energy are just a few of the areas with potential for partnership between Indonesia and Ukraine. Indonesia has worked hard to build bridges in the interests of global trade and regional stability. Bilateral opportunities: Trade between Indonesia and Ukraine totaled $1.24 billion before Russia invaded Ukraine. 141 countries, including Indonesia, voted in favor of Russia's immediate, complete, and unconditional withdrawal from Ukraine.

☆ Silicon Valley is on a knife-edge after the collapse of SVB
▼ + stars: | 2023-03-12 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +5 min

With the failure of Silicon Valley Bank, we're witnessing the biggest bank collapse since the 2008 financial crisis. On the agenda today:Before we dive in: Insider's Warehouse Nation series was recognized with a Best in Business Award from the Society for Advancing Business Editing and Writing (SABEW). And up first today: Alison Brower, Insider's LA bureau chief, explains whether the Oscars still matter in Hollywood. The Slap still stings across Hollywood, and Academy Awards organizers are working hard to make sure tonight's ceremony sparkles, Insider's Alison Brower writes. Silicon Valley Bank's implosionSilicon Valley Bank employees react to the bank's collapse Getty ImagesSilicon Valley Bank had been a pillar of the startup ecosystem for four decades.

☆ Layoffs are still historically low, so why does it feel like everyone's losing their job?
▼ + stars: | 2023-03-09 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The layoffs and discharges rate in January was 1.1%, which remains historically low. While BLS data may show a low US layoff rate overall, tech layoff announcements are important, given Pollak said that tech and finance are "synonymous with Americans' aspirations generally." "Those markets are very exposed to tech layoffs, and tech plays a disproportionate role in the economy," Terrazas added. Pollak told Insider that the layoffs at tech companies are "relatively small" and that "many companies also are not pursuing layoffs across the board." Despite the layoff rate being very low, job seekers may still be concerned about these headlines.

☆ Kakao Strikes Back in the Battle of K-Pop Empires
▼ + stars: | 2023-03-08 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

South Korea internet company Kakao is flashing its checkbook to secure a seat at the pinnacle of the country’s popular music industry. Entertainment company Hybe, manager for global K-pop sensation BTS, will need to pay up if it wants to compete. Kakao, together with its entertainment unit, on Tuesday made a tender offer of nearly $1 billion for 35% of K-pop label SM Entertainment. The high bid price shows Kakao’s determination to take control of one of the largest K-pop labels. Kakao had already bought nearly 5% of SM, which manages bands like Super Junior and Aespa, last week in the market.

☆ All investors need a worldview. Here's mine and how to think about developing your own
▼ + stars: | 2023-02-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +23 min

You need to know what you think will happen and then you can insert stocks into that worldview. I think this view, which Jay cares and is most likely going to get it right, is fundamental to my worldview. I think that's an absurd tradeoff and those who are making it, those who own 10-year Treasurys, are sorely ill-advised. Fortunately, I don't think the Fed has to go that far to break the trio. The companies you think might not make it I think aren't going to make it because they won't be able to raise cash.

☆ Stocks are reversing course as inflation looks sticky with more retail earnings on deck
▼ + stars: | 2023-02-24 | by ( Jesse Pound | ) www.cnbc.com time to read: +5 min

The optimism about inflation and the U.S. economy is quickly waning on Wall Street, and the early 2023 rally for stocks is fading. The market was under pressure again on Friday after a hotter-than-expected reading for personal consumption expenditures, sending rates higher and stocks lower. Economic updates Next week brings a new round of economic indicators to see how the sticky inflation is affecting consumers and business. Other looks at the economy will come through key earnings reports. Speech by Fed Governor Christopher Waller Friday: 9:45 a.m. Markit Services PMI 10:00 a.m. ISM Services PMI 3:00 p.m.

☆ 'Do the jobs that nobody else wants to do': CNBC's Becky Quick shares her best career advice
▼ + stars: | 2023-02-22 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

CNBC's Becky Quick has reached what she considers the pinnacle of her career, now at the top her her game in a job that she loves. Though these are typically considered "the jobs nobody wants to do," Quick says that she still did them to the best of her ability. "You do those jobs, and if you do them really, really well, people are grateful and they will give you opportunities to try other things. Quick also says that the best career advice she ever received was to simply show up. In terms of her best practices, Quick lives by a centuries-old mantra: the early bird gets the worm.

☆ Exclusive: The FBI's McGonigal labyrinth
▼ + stars: | 2023-02-08 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +28 min

She never saw McGonigal pay. "The notion that Mr. Deripaska is some proxy for the Russian state is a blatant lie," Ruben Bunyatyan, a spokesperson for Deripaska, told Insider by email. McGonigal was not charged with espionage, and although there is currently no evidence that McGonigal committed espionage, an FBI source told Insider that the investigation is ongoing. At the FBI, McGonigal racked up a string of big cases and promotions. "He said he needed to make more money," Guerriero told Insider.

United and Liverpool are the two most successful teams in English football but have won only one league title each in the past decade. "You get a lot of money from the Premier League, from broadcasting and sponsorship, but you also have to put a lot of money in to keep your team." "The failure of the proposal and the failure of Premier League clubs to gain greater power in the running of the league are likely influencing factors," said Spencer Harris, Associate Professor of Sport Management at the University of Colorado. "The current owners (of Liverpool and United) don't have the finances to compete and invest on the level of these other clubs." "(There is a) general realisation that English Premier League teams, the two biggest ones per se, are relatively uncapitalized versus NFL franchises, which have been a barometer for a longer period of time."

☆ A fire just razed a slum in the heart of one of Korea's ritziest neighborhoods. It highlights the vast wealth gap and tight proximity in which Seoul's richest and poorest live.
▼ + stars: | 2023-01-20 | by ( Cheryl Teh | Amanda Goh | ) www.businessinsider.com time to read: +6 min

On January 20, a fire tore through the shantytown of Guryong village in Seoul. Firefighters and rescue workers clean up the site of a fire at Guryong village in Seoul, South Korea, Friday, Jan. 20, 2023. ED JONES/Getty ImagesGuryong feels like a world away from Seoul, but it's very close to where the most well-heeled people in South Korea live. Around a fifth of single-person households in Seoul live in spaces under 14 square meters, or 150 square feet. But for now it's still Guryong village — a smoldering scar on the sparkling facade South Korea would rather have you looking at instead.

☆ Investing Club: The week in review, the week ahead — Jan. 14, 2023
▼ + stars: | 2023-01-14 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Also, earnings season is just kicking off, when we'll learn much more about what companies are seeing on the ground. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. People shop at the Pioneer Supermarkets on January 12, 2023 in the Flatbush neighborhood of Brooklyn borough in New York City.

☆ Sneakerheads are replacing Yeezys with Crocs
▼ + stars: | 2023-01-13 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Crocs, New Balance, and Puma are some brands benefiting from Adidas Yeezys no longer being released. Crocs, New Balance, and Puma accounted for four "high-heat" sneaker drops in December, Nikic estimates. The Crocs brand has become synonymous with comfort, like Yeezy, and has previously released successful collaborations with both Bad Bunny and designer Salehe Bembury. "Smaller brands such as Puma, New Balance, and Crocs all generated some sneakerhead 'buzz,' likely aided by the lack of Yeezy, which freed up wallet share among sneakerheads," he said. Pictures of the first possible sneaker released without Ye have surfaced online.

☆ Georgia Is an NFL Training Academy. TCU Is Happy to Be There. Which Approach Wins a Title?
▼ + stars: | 2023-01-09 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

LOS ANGELES—Monday night’s college football championship between Georgia and Texas Christian pits one the sport’s powerhouses and one of its unheralded outsiders. It’s also a test case for what types of teams can make it to the sport’s pinnacle in 2023. With the sport in a dramatic period of flux, the blueprint for successful programs is up for debate. Schools like Georgia have institutional backing to spend boatloads of money to recruit the best players and can ferry them into the top rounds of the NFL draft after winning collegiate championships. The depth of the roster is such that practices are sometimes harder than games.

☆ McCarthy's dream job could become a nightmare
▼ + stars: | 2023-01-07 | by ( David Morgan | ) www.reuters.com time to read: +6 min

But that role could turn into a nightmare because it requires leading a caucus that strongly rejects leadership. He told reporters on Friday night that he would be a more effective leader because of the drawn-out process. So now we'll be able to get the job done," McCarthy said. The Congressional Leadership Fund, a group tied to him, contributed more than $160 million to help Republican House candidates. McCarthy sent candidates $6.5 million from his own campaign and four other entities under his control, according to his campaign team.

☆ Patel to step down as Yorkshire chairman in March
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +2 min

Jan 6 (Reuters) - Kamlesh Patel will step down from his role as Yorkshire County Cricket Club chairman in March, the club said on Friday. Patel, 62, took over from Roger Hutton in November 2021 with the club in crisis and was tasked with navigating them through a racism scandal involving Azeem Rafiq. Following an independent report into the allegations, a number of sponsors ended their partnerships with Yorkshire and the club were suspended from hosting international or major matches by the England and Wales Cricket Board (ECB). "It has been an honour and a privilege to work for such a prestigious organisation," said Patel, who will step down at the club's next annual general meeting (AGM) in March. Yorkshire chief executive Stephen Vaughan said Patel should be proud of what he had achieved during his tenure at the club.

It’s the start of a class known as high-intensity interval training, a combination of treadmill and weight-lifting, at the boutique fitness studio Barry’s. The brothers and Rondeau, who now serves as Planet Fitness’ chief executive, hit upon a concept. Planet Fitness’ tag, “judgement free zone” is true to form. Part of the appeal is its $10 a month basic membership fee – which hasn’t changed – that Planet Fitness primarily collects through electronic funds transfers. Still, with solid and regular profits and a reasonable amount of debt, Planet Fitness has staying power, even if shareholders lose their shirts while its valuation comes in line.

☆ McCarthy's dream of being U.S. House speaker faces a political nightmare
▼ + stars: | 2023-01-03 | by ( David Morgan | ) www.reuters.com time to read: +5 min

McCarthy has spent his adult life in politics, first as a congressional staffer and then state legislator before being elected to the House in 2006. At the same time, McCarthy, who has been House minority leader since 2019, would need to work with a Democratic Senate and the Biden White House on must-pass legislation. House Republicans and Democrats will then move quickly to a floor election for speaker, at which McCarthy will need support from a majority of members present to obtain the top congressional post. But already there is speculation that incoming House Majority Leader Steve Scalise or conservative leader Jim Jordan could emerge as a Republican compromise candidate. The House Freedom Caucus is pushing for rule changes that would make it easier to control the speaker and enhance the hard-line group's influence within the Republican conference.

Pope Emeritus Benedict XVI’s 95 years of life started in a small Bavarian village in Germany and saw him rise to the pinnacle of the Catholic Church. Along the way, Benedict, who died Saturday in the Vatican, would become many things: a conscript into the German army in World War II, a war deserter, the longest-living Pope, and the first Pope to step down in more than six centuries. This timeline shows the milestones in Benedict’s life.

"More fundamental, and more subtle and more important is the social contract and social trust in China. COVID CZAROver the past three years, Vice Premier Sun, 72, has been the face of China's COVID fight, a mother-like figure who has executed Xi's zero-COVID policy with a firm hand. In April this year, Sun rushed to Shanghai as the city went under lockdown, according to state media reports. During the Shanghai lockdown, while also on an inspection tour, Sun was bombarded by pleas from residents shouting from their windows: "No more rice! How the current infections are tackled remain a key near-term challenge to COVID czars.

☆ Roberto Clemente remains Latino legend 50 years after death
▼ + stars: | 2022-12-27 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

When Puerto Ricans belt the name Roberto Clemente in song, they want the world to understand their pride, unity and culture. “We are Roberto Clemente, so you know who we are. Half a century after he played, many of today’s Latino baseball players credit him for paving the way. “The name Roberto Clemente is something that fills us with passion and admiration,” said Miami Marlins pitcher Sandy Alcantara, who was born in the Dominican Republic. The Roberto Clemente Award is given each year to a player for charitable work in the community.

☆ How a Swedish fighter jet managed to catch the un-catchable SR-71 spy plane
▼ + stars: | 2022-12-27 | by ( Peter Suciu | ) www.businessinsider.com time to read: +5 min

Only one aircraft even has the distinction of achieving radar lock on the legendary spy plane. It wasn't a Soviet interceptor such as the MiG-25 however, but rather the Swedish-made Saab J37 Viggen fighter that successfully achieved a missile lock and visual contact with the speedy spy plane. The Saab J37 and the Baltic ExpressA Swedish Air Force Saab Viggen arrives at RAF Fairford in July 1993. Andrew Surma/NurPhoto via Getty ImagesThe United States Air Force pilots likely believed the same about the Saab J37 Viggen too. Swedish pilot Per-Olof Eldh scrambled in his Saab J37 Viggen fighter and started the head-on attack protocol.

The U.S. House’s Jan. 6 committee has performed its task with a dignity that verges on parody. They are doing criminal referrals while Rome burns. I think the criminal referrals are completely appropriate and, if anything, fail to capture the true scope of his malfeasance. He said as much himself in response to the Jan. 6 committee referral. One of the strongest grounds for prosecuting Trump for Jan. 6 is that only accountability will prevent something like it from happening again.

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