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☆ I'm taking a hands-off approach to my son's schooling. I don't want him to fail, but he needs to be independent.
▼ + stars: | 2024-10-02 | by ( Ashley Archambault | ) www.businessinsider.com time to read: +6 min

I'm taking a more hands-off approach and letting him learn to manage his own schooling. AdvertisementIn Florida, where we live, third grade is the first school year students are issued grades in their four core subjects. I'm a teacher myself, and the possibility of my son failing an entire grade felt like a failure on my part. I'm simply asking my son why he's getting these grades and what he might do to raise them. While getting good grades is a reward for working hard, getting poor grades should also serve as a reflection opportunity on what you could have done differently.

Persons: —, he's, I'm, it'll, It's Organizations: Service Locations: Florida, I'm

☆ ValueAct reveals stake in Fanduel-parent Flutter Entertainment
▼ + stars: | 2024-05-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

ValueAct Capital on Wednesday unveiled a stake in Flutter Entertainment , the Dublin-based parent company of sports betting firm Fanduel. It is possible that ValueAct previously had some other exposure to Flutter. The hedge fund previously had a position in The Stars Group, which was acquired by Flutter in 2020. While the ValueAct stake in Flutter is small, Gordon Haskett analyst Don Bilson pointed out in a note to clients that UBS also reported a stake in the gaming company. UBS has previously worked with ValueAct to build stakes in individual stocks for the hedge fund, Bilson said.

Persons: Mason Morfit, ValueAct, Walt Disney, Gordon Haskett, Don Bilson, Bilson Organizations: Capital, Walt, Securities and Exchange Commission, Stars, UBS, New York Stock Exchange, NYSE, Seagate Technology Holdings, Paycom Locations: Dublin, ValueAct

☆ US Air Force's F-22 Raptors lost to German Eurofighters in mock dogfights, but the verdict on the superior jet isn't as simple
▼ + stars: | 2024-05-14 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +29 min

German Air Force Eurofighter Typhoon fighter jets fly during a media day. Piroschka van de Wouw/ReutersDespite their generational differences, the F-22 Raptor and Eurofighter Typhoon actually have a number of things in common. A German air force Eurofighter Typhoon taxis toward the runway at Eielson Air Force Base in Alaska before departing for a combat-training mission, June 11, 2012. So what's the verdict between the F-22 Raptor and Eurofighter Typhoon? A composite image showing a German air force Eurofighter Typhoon jet and a US Air Force F-22 Raptor.

Persons: …, Valerie R, David Cenciotti's, Piroschka van de Wouw, it's, Randy Gordon, Sam Eckholm, doesn't, Rich Wells, Thomas Wiegold, John P, Michael Holzworth, It's, Marc Gruene, haven't, Gruene, isn't, Jens Stoltenberg, Bernd Wüstneck, Eurofighters, Chris Jung, That's, Eric Wicklund, Erich Hartmann, He's, Alex Muller, Andreas Pfeiffer, who's, Thomas Bergeson, Wade Tolliver, we're, Dirk Smith, Mike, Bertie Simmonds, Micheal Jordan, Chesty Puller Organizations: Service, EA, German Eurofighter Typhoons, Business, Eurofighter, Spangdahlem Air Base, US Air Force, Tactical Air Force, America's Raptors, BFM, Germany's Eurofighter, Farnborough, Air, Germany's, German Air Force Eurofighter, Reuters, Typhoon, MIT, RAF, Breaking Defense, AIM, Air Force, Staff, Raptors, Eielson Air Force Base, Tech, Germany's Air Force, Combat Aircraft, TVC, Raptor, NATO, Tactical Air, Getty, Typhoons, Seoul International Aerospace, Defense, Eurofighters, 4th, US Navy, KC, Red Flag, Navy SEAL, ISIS, Qaeda, Flag, FS, Eurofighter Typhoon Locations: Germany, Alaska, Red, Estonia, Vietnam, Flag Alaska, gun's, American

☆ See the French warships defeating Houthi missile attacks
▼ + stars: | 2024-03-29 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

Multipurpose frigatesFrench Navy Frigate FS Languedoc transits alongside USS Harry S. Truman during an air and sea power demonstration. US Navy photo by Mass Communication Specialist 3rd Class T'ara TrippThe Languedoc and the Alsace are both multipurpose frigates part of the FREMM family of warships. Under the FREMM initiative, or "European multi-purpose frigate" project, the ships were developed by France and Italy. Initially, 27 FREMM frigates — 17 for France and 10 for Italy — were planned for development with three proposed variants: an anti-submarine variant, a general-purpose variant, and a land-attack variant. These include the lead ship FS Aquitaine, as well as FS Provence, FS Languedoc, FS Auvergne, FS Bretagne, FS Normandie, FS Alsace, and FS Lorraine.

Persons: Harry S, Truman, T'ara Tripp, Italy — Organizations: French Navy, US Navy, Italy, FS, FS Bretagne, FS Normandie, FS Lorraine Locations: Languedoc, Alsace, France, Italy, Aquitaine, FS Aquitaine, Auvergne

☆ Americans have racked up a trillion dollars in credit card debt. That’s actually okay
▼ + stars: | 2024-02-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —Americans racked up a record amount of credit card debt in 2023, soaring past a trillion dollars. “Consumers still have a lot of money left over to be able to spend, so the credit card data is often misinterpreted,” Russell Price, chief economist at Ameriprise Financial, told CNN. According to a LendingTree analysis of more than 350,000 credit reports, the average unpaid credit card balance was $6,864 in the fourth quarter. Overall, US household debt (including credit card balances) rose to a new high of $17.5 trillion in the fourth quarter, up 1.2% from the prior three-month period. So, while there certainly isn’t a shortage of economic hurdles bedeviling people’s budget — and credit card debt has surged — the big picture indicates that, so far, Americans (and their economy) remain healthy.

Persons: ” Russell Price, Price, haven’t, market’s, ” Gregory Daco, ” Lara Rhame, Laura, Jensen Huang, Christine Lagarde, Virgin, Michael Barr, Raphael Bostic, Susan Collins, John Williams, Papa, Austan Goolsbee, Loretta Mester, fuboTV, Christopher Waller, Mary Daly, Adriana Kugler Organizations: CNN Business, Bell, DC CNN, Workers, New York Fed, Consumers, Ameriprise, CNN, Federal Reserve Bank of New, . New York Fed, Employers, Soaring, FS Investments, Nvidia, Huawei, AMD, Microsoft, Broadcom, US Commerce Department, Central Bank, eBay, Smucker, Urban Outfitters, Global, Board, TJX, Monster Beverage, Baidu, HP, Paramount Global, Anheuser, Busch Inbev, Dell Technologies, Papa John’s, US Labor Department, National Association of Realtors, P, China’s National Bureau, Statistics, Pearson, P Global, Institute for Supply Management, University of Michigan Locations: Washington, Federal Reserve Bank of New York, ., EY, Santa Clara, Singapore, Shenzhen, China, Beijing, CAVA

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ Here's why investors should stop worrying so much about concentration risk in the market
▼ + stars: | 2024-02-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The World(MSCI All Country World Index weighting)Entire U.S. stock market: 63%Japan, UK, Canada, France, Hong Kong/China combined: 17.5%Magnificent 7: 17%Source: Dimensional FundsThat seems crazy, no? For example, in the mid-1960s the concentration of the top 10 was over 40% of the S&P 500. Investors who own the S&P 500 don't have to pick those winners; they just go along for the ride. Second, U.S. stocks are global market leaders, and when a small group becomes market leaders it almost always means the U.S. stock market outperforms the world. The U.S. stock market, which was roughly 40% of the global market capitalization a short while ago, is now roughly 50% of global market capitalization.

Persons: Gregory Rowe, Berkshire Hathaway, Lilly, It's, — Organizations: New York Stock Exchange, Berkshire, Broadcom, Nvidia, Eck Semiconductor, Dimensional Fund Advisors, FS Investments, IBM, American Express, General Electric, Polaroid, Xerox, U.S, Baidu, SAP, Siemens, United, Shell, AstraZeneca, HSBC Locations: New York City, Miami Beach, Japan, UK, Canada, France, Hong Kong, China, U.S, Germany, United Kingdom

☆ Investors can expect 'surgical' rate cuts in second half of 2024, says FS Investments' Lara Rhame
▼ + stars: | 2024-02-05 | 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 EmailInvestors can expect 'surgical' rate cuts in second half of 2024, says FS Investments' Lara RhameGreg Branch, Veritas Financial Group managing partner, and Lara Rhame, FS Investments chief U.S. economist, join 'Squawk Box' to discuss the latest market trends, the Fed's rate path decision, strong January jobs report, and more.

Persons: Lara, Greg Branch, Lara Rhame Organizations: Investments, Veritas Financial Group, FS Investments

☆ The unemployment rate of Black men rose in January, underscoring continued inequality in labor market
▼ + stars: | 2024-02-02 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

These workers had the highest unemployment rate when breaking down Black, Hispanic and white workers by gender. By comparison, white men saw a jobless rate of just 3.3% in January, holding steady from December. The overall unemployment rate was unchanged from December at 3.7%. This underscores the impact of job losses among Black men, especially considering the fact that the rate for Black women was unchanged between December and January at 4.8%. The tight labor market experienced during the pandemic helped close the gap in work-related opportunities among Black and white men, she said.

Persons: Elise Gould, Gould, it's Organizations: Fs, Getty, Labor Department, Economic, Institute

☆ Steady unemployment rate means 'we might not even get three cuts' from Fed: Unlimited's Bob Elliott
▼ + stars: | 2024-02-02 | 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 EmailSteady unemployment rate means 'we might not even get three cuts' from Fed: Unlimited's Bob ElliottBob Elliott, Unlimited CEO and Lara Rhame, FS Investments Chief U.S. Economist, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Bob Elliott Bob Elliott, Lara Rhame Organizations: FS Investments, Economist

And it will be the first time the Chiefs hit the road for a conference title game since Jan. 23, 1994, when Joe Montana was the quarterback and they lost 30-13 in Buffalo. That's the way I look at it.”That's the way Mahomes looks at it, too. They also won in Buffalo on Jan. 1, 1967, in the AFL championship game to reach the first Super Bowl, where they lost to the Packers of Vince Lombardi. Winning a conference title game on the road is hardly an easy endeavor, though. Home teams are 35-18 in NFC title games and 36-17 in the AFC championship game, where the Chiefs went 3-2 in the past five that were played in Kansas City.

Persons: — Isiah Pacheco, “, ” Pacheco, Patrick Mahomes, Joe Montana, Andy Reid, It's, ”, Mahomes, Reid, Vince Lombardi, Travis Kelce, Joe Thuney, Trent McDuffie, Chris Jones, Pacheco, Nick Allegretti, FS Mike Edwards, Chamarri Conner, RG Trey Smith, ___ Organizations: KANSAS CITY, Buffalo Bills, Kansas City Chiefs, AFC, Chiefs, Miami, Bills, Ravens, Super, Kansas City, ” Chiefs, Raiders, AFL, Vikings, Packers, NFC, Philadelphia, Arrowhead, ”, FS, RG Locations: KANSAS, Mo, Baltimore, Kansas, Buffalo, Oakland, Kansas City

☆ The IPO market should pick up in 2024. Here are the hottest companies set to make their debut
▼ + stars: | 2024-01-20 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

After a tepid year in the IPO market, investors are hopeful 2024 will bring about a return to form. But the IPO market cratered in 2022 after the Federal Reserve's aggressive rate hiking campaign collapsed investor demand for growth stocks. But happier days could be ahead for the IPO market in 2024. According to Linqto's 2024 IPO Sentiment Survey released Thursday, only a little more than half, 52%, of 2,500 traders polled are anticipating a significant recovery in the IPO market this year, suggesting "cautious optimism" ahead. "There's a lot more optimism for the IPO market," said Akshata Bailkeri, head of research at EquityZen, a platform for pre-IPO activity.

Persons: Akshata Bailkeri, Bailkeri, Wilson, EquityZen's Bailkeri, Shein, Shein confidentially, Reddit, that's, Andrew Low Ah Kee, Low Ah Kee, Ah Kee, Skims Skims, Kim Kardashian, Andy Muir, Muir, Jordan Brand, Amer, Roxanna Islam, Troy Gayeski, Gayeski, EquityZen's Organizations: Robinhood, Ford, Amer Sports, CNBC, U.S, Reuters, National Football League, Commerce, Nike, Wilson, FS Investments, U.S . Census, World Bank Locations: Snowflake, IPOs, Silicon, China, Opendoor, U.S

☆ Bank earnings look really bad this quarter. Here’s why
▼ + stars: | 2024-01-12 | by ( Nicole Goodkind | Krystal Hur | ) edition.cnn.com time to read: +2 min

JPMorgan’s profit was dragged lower by a one-time $2.9 billion charge the bank had to pay related to the crisis. Without that one-time payment, JPMorgan said its earnings would have come in closer to $3.97 per share, blowing estimates away. The bank reported fourth-quarter earnings of 35 cents per share, missing FactSet estimates of 53 cents per share. The bank said that without one-time fees, earnings for the quarter would have been about 70 cents per share. The bank reported an earnings loss of $1.16 per share for the fourth quarter, falling below earnings estimates of 11 cents per share, according to FactSet.

Persons: JPMorgan Chase, FactSet, ”, “ Organizations: New, New York CNN, JPMorgan, FactSet, Revenue, Profit, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Bank of America, Citigroup, FDIC, Citi, CNN, Federal Deposit Insurance, FS, ” Locations: New York, Argentina, United States

☆ The most exciting new trains coming in 2024
▼ + stars: | 2024-01-04 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

CNN —Around the world, travelers are flocking back to trains, and demand is increasing across the board for high-speed trains, luxury “land cruises” and long-distance day and night trains. Here are some of the best new trains you’ll be able to take in 2024. Laurie Dieffembacq/Belga/AFP/Getty ImagesLinks between two of Europe’s most visited capitals have traditionally been pretty poor, with no direct trains since the 1990s. Ian Clarke/Alamy Stock PhotoFour continents, 13 countries, and seven luxury trains across 80 days – the ultimate experience for rail travel connoisseurs is due to depart in late 2024. BelmondOne of the world’s greatest luxury train journeys is returning to the rails in 2024 after a four-year gap.

Persons: Laurie Dieffembacq, Dimorestudio, Vita ”, Riva Aquarama, itineraries, Jeroen Berends, Gabriel Bouys, it’s, Jesus Hellin, That’s, Trenitalia, Luigi Ferraris, France –, Railbookers, Ian Clarke, we’ve, ”, Frank Marini, Alex Halada, There’s Organizations: CNN, Orient, Getty, ÖBB, Austrian Federal Railways, SNCF, Eurostar, National, Europa Press, French, Renfe, FS, Rocky Mountaineer, Royal, Orient Express, Oriental, ”, Oriental Express, Austrian Railways, Swiss Locations: Swiss, Venice, Paris, Berlin, AFP, Strasbourg, Frankfurt, Italy, Rome, Matera, Palermo, Sicily, Messina, Europe’s, Istanbul, Split, Brussels, Prague, Europe, Dutch, Dresden, Belgian, Roman, Naples, Madrid, Spain, France, Spanish, Barcelona, Lyon, Marseille, Canada, Central Europe, India, South Africa, Eastern, Vancouver, Malaysia, Singapore, Malaysia’s, Kuala Lumpur, Langkawi, Penang, Bangkok, Vienna, Innsbruck, Hamburg, Switzerland, Germany, Zürich, Gornergrat Bahn, Zermatt, Gornergrat, Riffelalp

☆ Best travel destinations to visit in 2024
▼ + stars: | 2024-01-01 | by ( Cnn Travel Staff | ) edition.cnn.com time to read: +32 min

cdwheatley/iStockphoto/Getty Images Angola: Beyond the capital city of Luanda, pictured, Angola has some jaw-droppingly spectacular scenery and cultural treats. David ChiaFF/Alamy Stock Photo Mérida, Mexico: Yucatán state's capital city showcases a blend of Mayan and colonial heritage. Pavel Tochinsky/The Image Bank RF/Getty Images Morocco: This North African country is home to nine UNESCO sites, including the historic city of Meknes, pictured. Panama City is also the only world capital with a tropical rainforest within its city limits. And a historic city forever entwined with the famed Camino de Santiago.

Persons: you’d, Tengguo Wu, Gabriele Thielmann, Turkey's, Gary Ennis, Matevz, Bill Bachman, Christian Kober, Gonzalo Azumendi, David ChiaFF, Pavel Tochinsky, Terry Kelly, Raul Rodriguez, iStock, Anton Petrus, –, — Karla Cripps Turkey’s, — Barry Neild, Mana Kaasik, — Maureen O’Hare, — Maggie Hiufu Wong, Deb Snelson, Glen Arbor, Marnie Hunter, — Forrest Brown, — Forrest Brown Angola Cristo, Eric Lafforgue, it’s, King, Eric Carr, John’s, Saint John, New Brunswick —, —, Tuul, Bruno Morandi, — Julia Buckley, Groenewald, Alamy, — Lilit Marcus, Alexander the Great, Philip II of Macedon, — JB, Bogdan Lazar, — Tamara Hardingham, Gill, Hercules, Francesca, Lazarus, ”, David Casanova, Megan Sequeira Casanova, “, Kuka y Naranjo, medina, Gordon Sinclair, Yvette Cardozo, — FB, Pierce Ingram, Stefan Tomic, Fujairah, who’ve, Samarkand —, It’s Organizations: CNN, United, CNN Travel, Getty Images, Town, Getty, Northwest, Saint, New Brunswick Tourism, UNESCO, Heritage, Alamy, Parque Nacional Volcán Barú, Galicia, Tercera Orden, Parque, Bank, Wakulla Springs, Texas, United Arab Emirates, AP, Rock, of Culture, Estonian National Museum, — Maggie Hiufu Wong Northwest Michigan, Bear, Farm, Riders, Lubango, — BN Saint John, Canada Tourists, St, Saint John City Market, Historic, Saint John Arts Centre, Carnegie, Carnegie Library, — KC, Korea, Folk, Netflix, South Korea, Adriatic, Nacional Glaciares, Australian Sea Lions, Panama, Spain Santiago de, Spain Santiago de Compostela Cathedral, Islas, Camino, Mexico People, YouTube, US State Department, Morocco, Regis Hotels, Resorts, — FB Texas, Travel Texas, Krause, Gruene, Fujairah, Icefjord, FS, Tuul, ” Locations: United States, Sumba, Indonesia Sumba, Indonesia, Bali, Getty Images Tartu, Estonia, Tartu —, European, Tainan, Taiwan, Northwest Michigan, Traverse City, Lake Michigan, iStockphoto, Western Balkans, Culebra , Puerto Rico, Flamenco, Culebra, cdwheatley, Angola, Luanda, , New Brunswick, Fundy, New Brunswick, New Brunswick Tourism South Korea, Korea Albania, Albania, Chile, mauritius, Western Australia, Greece, Macedonia, American, Panama, Spain, Camino, Santiago, St, John's, Mexico, Parque Hidalgo, Morocco, Meknes, Florida, Spicewood, Anton, Greenland, Denmark, AP Uzbekistan, Bukhara, Indonesian, Sumela, Turkey's, — Barry Neild Tartu, Estonia Tartu, of Culture Tartu, Tartu, “, Baltics, — Maureen O’Hare Tainan, Taiwan Tainan, Taipei, — Maggie Hiufu Wong Northwest, Lake, Traverse, Leland, Glen, perusing, Balkans, Slovenia, Bosnia, Herzegovina, North Macedonia, Serbia, transdinarica.com, —, Puerto Rico, It’s, — Forrest Brown Angola, Lubango, Barra, Cabo Ledo, — BN Saint John , New Brunswick, Canada, Hopewell, Newfoundland, Saint, Canada’s, Korea Andong, South Korea, Sanga, Korea, Seoul, Busan, Andong, Albania Albania, Berat, Montenegro, Vlorë, Gjirokastër, — Julia Buckley Chile, Atacama, Patagonia, Coral Coast, Geraldton, — Lilit Marcus Macedonia, Thessaloniki, Greece's, Hemis, Athens, Vergina, Veria, Naousa, Greece’s, Thrace, Philippi, Kavala, Panama . Panama City, Gill Galicia, Spain Santiago, Spain Santiago de Compostela, Galicia, Galicia’s, Santiago de Compostela, Cabo, Fisterra, Galicia —, Singapore, John’s, Paseo, Montejo, Mérida, Yucatán, getaways, there’s, Marrakech, Rabat, Fes, Resorts Morocco, Wakulla, Ginnie, Fredericksburg, Texas, Marble Falls, Meanderers, New Braunfels, Dubai, Abu Dhabi, Wadi, Nuuk, Ilulissat, West, FS Uzbekistan, Samarkand, Uzbekistan, China, India, Khiva, Uzbek, Sentob, Tashkent

☆ Italy's Salvini says would consider a sound plan to sell railway stake
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

Matteo Salvini, Italian infrastructure minister and deputy PM, attends a news conference for the government's first budget in Rome, Italy November 22, 2022. On Monday Salvini, who is also deputy prime minister, was quoted as saying that he was against selling a stake in the company. But in comments at the Foreign Press Association in Rome, he said his 'no' had referred to the absence of any current sale plans for Ferrovie dello Stato (FS). "If there were an (asset sale) plan that could bring me added value, investments, money ... ($1 = 0.9128 euros)Reporting by Alvise Armellini, writing by Gianluca Semeraro; editing by Gavin JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Matteo Salvini, Remo Casilli, Salvini, Giancarlo Giorgetti, Alvise Armellini, Gianluca Semeraro, Gavin Jones Organizations: REUTERS, Rights, Transport, Ferrovie dello Stato, Foreign Press Association, FS, Economy, Salvini's League, Thomson Locations: Rome, Italy, Italian, privatisations

☆ ICBC’s Entree Onto Wall Street Looked Like a Bargain—Until Hackers Crippled Its U.S. Unit
▼ + stars: | 2023-11-26 | by ( Justin Baer | ) www.wsj.com time to read: 1 min

After ICBC FS was hacked, it was forced to unplug from the U.S. Treasury market and begin to clear trades manually. Photo: Alexander Cohn/The Wall Street JournalIndustrial & Commercial Bank of China, the world’s largest bank, paid $1 for its place on Wall Street. It got more than it bargained for. The Chinese lender acquired a small New York broker-dealer in 2010, a move that extended its presence into the U.S. securities industry. It is now dealing with the fallout from a cyberattack this month that crippled that business and briefly triggered widespread concerns about the fragility of the largest cash market in the world.

Persons: Alexander Cohn Organizations: ICBC FS, U.S . Treasury, Street, Commercial Bank of China Locations: New York

☆ Brazen ransomware attack on US unit of Chinese banking giant has financial sector on alert
▼ + stars: | 2023-11-10 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +5 min

It led to a flurry of behind-the-scenes coordination with the affected bank and across the financial sector about the threat. The hackers hit New York-based ICBC Financial Services, a subsidiary of the world’s largest bank by assets and a Chinese state-owned institution. ICBC Financial Services did not respond to CNN’s request for comment on Friday. “If China sees this as a black eye, they may demand action from the Russian government,” Liska told CNN. LockBit ransomware was the most deployed ransomware around the world in 2022, according to US cybersecurity officials.

Persons: ”, “, ” Jon Miller, Halcyon, BNY Mellon, LockBit, Allan Liska, ” Liska, JPMorgan Chase, LockBit ransomware, ” Will Thomas Organizations: CNN, Commercial Bank of, Intelligence, Financial Services, Treasury, ICBC Financial, Reuters, JPMorgan, FBI, Infrastructure Security Agency, Treasury Department Locations: Commercial Bank of China, US, York, China, Russia, United States, Iran, cybersecurity

☆ These 4 stocks report quarterly results next week. Here's what we hope to see
▼ + stars: | 2023-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The major averages rebounded strongly this week as quarterly earnings came in largely better than expected and interest rates fell on softer economic data. The Dow Jones Industrial Average rose more than 5% for its best week since October 2022. The big theme next week is earnings and the four portfolio companies delivering their quarterly results. Here's the full rundown of all the important domestic data in the week ahead as we consider a number areas of our portfolio for trades next week. ET: Treasury budget statement for October (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: FactSet, we'll, Hulu —, Krystal, Horton, Zimmer, LEV, Armour, Ralph Lauren Corporation, CRON, Patterson, Walt Disney, MARA, Ginkgo, FREYR Battery, FREY, Arcelor Mittal, Wynn, Jim Cramer's, Jim Cramer, Jim Organizations: Dow Jones, Nasdaq, ISM, Services, Coterra Energy, Emerson Electric, Wall, National Instruments, Disney, Hulu, CNBC, Comcast, ESPN —, Wynn Resorts, WYNN, Asia that's, Wynn, Wynn's, Wynn Interactive, United, Brookfield Asset Management, Axsome Therapeutics, Network Corporation, Krystal Biotech, Ceragon Networks, Kosmos Energy Ltd, TreeHouse Foods Inc, Air Lease Corporation, Inc, Eversource Energy, Fennec Pharmaceuticals Inc, Graham Corporation, Aereas Inteligentes, Hilton, Energy, Realty Income Corp, Semiconductors, Vertex Pharmaceuticals Inc, Clover Health, Contura Energy, Diamondback Energy, FS KKR Capital Corp, Celanese Corp, Eos Energy Enterprises, Goodyear Tire & Rubber Company, WEN, Pall Corp, TransMedics, Emerson, Uber Technologies, Holdings, Melco Resorts, Entertainment, Zimmer Biomet Holdings, ACM Research, Lion Electric Company, Emerson Electric Co, Vertex Energy, Waters Corp, Air Products & Chemicals, Esperion Therapeutics, Fidelity National Information Services Inc, Bowlero Corp, Hotels, KKR, Co, Devon Energy Corp, Occidental Petroleum Corp, Dutch Bros Inc, Gilead Sciences, ContextLogic Inc, Akamai Technologies, Viatris Inc, Technologies, Corsair, Enovix Corporation, eBay, EBAY, DaVita Inc, Pan American Silver Corp, Roblox Corporation, Fisker Inc, Warner Bros ., Nuvei Corporation, Farms, Akebia Therapeutics, Biogen Inc, 3D Systems Corporation, Gray Television Inc, BlackSky Technology Inc, Cronos, EVgo Inc, Lumentum Holdings Inc, Nexstar Media Group, UTI Energy, Starwood Property Trust, AMC Entertainment Holdings, Marathon Digital Holdings, IonQ Inc, Digital Turbine, Virgin Galactic Holdings , Inc, Arm Holdings plc, ARM, Ginkgo Bioworks Holdings, Suncor Energy, AppLovin Corporation, B2Gold Corp, Luminar Technologies, MGM Resorts International, MGM, Bloom Energy Corporation, Li Auto Inc, Oatly, Kopin Corp, Fiverr International, YETI Holdings, YPF S.A, Ship Lease, Himax Technologies Inc, Dickinson, CommScope Holding, RBC, Agile Therapeutics, Apyx Medical Corporation, Grab Holdings, Hawaiian Electric Industries, Profire Energy, Flags Inc, Stereotaxis Inc, TransDigm, US Foods Holding Corp, Utz Brands, Valvoline Inc, Weibo Corporation, Wix.com Ltd, Trade, Petroleo Brasileiro SA Petrobras, Growth, Aurora Cannabis Inc, Navitas Semiconductor Corp, Archer Aviation Inc, Semiconductor, Energy Fuels Corp, Illumina Inc, Spike Investment Corp, Algonquin Power & Utilities Corp, AngloGold, Central Puerto S.A, Hudson Global, AirSculpt Technologies, Partners, Soho House, Jim Cramer's Charitable, Handout, Getty Locations: U.S, Macao, Asia, China, Las, Singapore, Wynn's Vegas, Boston, United Arab Emirates, Gilead, VVV, Central, Soho

☆ Gayeski: Now is the time to be defensive using strategies with a high-income
▼ + stars: | 2023-10-30 | 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 EmailGayeski: Now is the time to be defensive using strategies with a high-incomeTroy Gayeski, Chief Market Strategist at FS Investments, discusses the key events driving the markets this week.

Persons: Troy Gayeski Organizations: FS Investments

There was no immediate indication of who might succeed McCarthy, but the next speaker could quash more Ukraine aid before a proposal reaches the House floor if that person opposes the idea. A Ukraine "report card" by Defending Democracy Together's "Republicans for Ukraine" campaign rated the leading candidates on the strength of their support for past Ukraine aid. Representative Tom Emmer, the House Republican whip, got the highest rating, an A. 2 House Republican, has long been favored to take over as speaker after McCarthy and received one notch lower, a B. McCarthy, who got a B-minus grade, early this week denied accusations by Gaetz that he had cut "a secret deal" with Biden to allow the House to vote on Ukraine aid.

Persons: Alexander Ermochenko, Kevin McCarthy's, McCarthy, Together's, Tom Emmer, Steve Scalise, Matt Gaetz, Gaetz, Jim Jordan, Byron Donalds, McCarthy's speakership, Biden, Joe Biden, Patricia Zengerle, Cynthia Osterman Organizations: REUTERS, Rights, U.S . House, The, Republicans, Republican, Thomson Locations: Nova, Russia, Ukraine, Hola, Kherson, Russian, U.S, Kyiv, United States

☆ US Aid to Ukraine May Hinge Partly on Who Takes Over as House Speaker
▼ + stars: | 2023-10-03 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

Persons: Patricia Zengerle WASHINGTON, Kevin McCarthy's, McCarthy, Together's, Tom Emmer, Steve Scalise, Matt Gaetz, Gaetz, Jim Jordan, Byron Donalds, McCarthy's speakership, Biden, Joe Biden, Patricia Zengerle, Cynthia Osterman Organizations: U.S . House, The, Republicans, Republican Locations: U.S, Ukraine, Kyiv, United States

☆ A viral rant about a grocery store customer who tried to buy over $1,000 of stuff using food stamps is dividing TikTok
▼ + stars: | 2023-09-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Someone tried to buy over $1,000 of groceries with food stamps at the supermarket chain Food Lion. A Food Lion worker posted on TikTok, saying the customer abandoned their carts and didn't end up paying. Insider was not able to independently confirm which branch of Food Lion Malik works at, or their position at the store. Food stamps are a blessing," read one comment. Representatives for Malik and Food Lion did not immediately respond to a request for comment from Insider sent outside regular business hours.

Persons: Malik, Food Lion Malik Organizations: Food, Service, Food Lion, Apple, ppl, FS, Pew Research Center, SNAP, US Department of Agriculture Locations: Wall, Silicon, American

☆ Blackstone's data center gamble
▼ + stars: | 2023-08-28 | by ( Daniel Geiger | Rebecca Ungarino | ) www.businessinsider.com time to read: +12 min

The firm has recently touted its data center investments amid the artificial intelligence boom. Blackstone's push into data centers comes with its own set of challenges and questions. "You might not own apartment buildings in 10 years, but the largest data center company in the world." Meghji said in the company's video that interest from data center users in QTS data centers had doubled "since ChatGPT came out." Gerber said he had recently discussed data center investments with Blackstone representatives and has confidence in the strategy.

Persons: Blackstone, —, Glenn Schorr, Schorr, outflows, Stephen Tuckwood, Tuckwood, Jonathan Gray, Gray, Jeenah, Chad Williams, BREIT, they're, Patrick Davitt, QTS, Nadeem Meghji, Meghji, ChatGPT, Matthew Barakat, Prince William County, redemptions, Selwyn Gerber, Gerber, Matt Malone Organizations: Blackstone, Income Trust, QTS Realty Trust, Evercore, Wealth Management, Reuters, Autonomous Research, Blackstone Infrastructure Partners, McKinsey, AP, Starwood, MSCI's, Los, RVW, Opto Investments, FS Investments Locations: California, BREIT, QTS, Americas, CBRE, Manassas , Virginia, Prince William, Virginia, Brookfield, Los Angeles, Bellagio, Las Vegas

☆ Hackers figured out 3 separate ways to break into US Air Force satellites, and won up to $50K for doing it
▼ + stars: | 2023-08-17 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +2 min

For the first time, a competition saw hackers break into a US Air Force satellite in orbit. It was part of an annual event held to stress-test the satellites against real security threats. This winners, the Italian team mHACKeroni, took home $50,000. For the first time, the hackers were asked to attack a real satellite in space — the US Air Force Moonlighter, which was deployed specifically for the event. Italian team mHACKeroni won the US Air Force's fourth annual Hack-A-Sat competition by hacking into a satellite in space.

Persons: mHACKeroni, Sarah McNulty Organizations: US Air Force, Service, US Space Force, Politico, jmp, US Air, Systems Command, Viasat, Air, Financial Times Locations: Wall, Silicon, Las Vegas, Russia, China, Poland, American, Ukraine

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