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☆ The unemployment insurance program is unprepared for a recession, experts say
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

However, the system that workers rely on to collect unemployment benefits is at risk of buckling — as it did during the Covid-19 pandemic — if there's another economic downturn, experts say. Unemployment insurance provides temporary income support to laid-off workers, thereby helping prop up consumer spending and the broader U.S. economy during downturns. There's also wide variation among states — which administer the programs — relative to factors like benefit amount, duration and eligibility, according to the report, authored by more than two dozen unemployment insurance experts. Why the unemployment insurance program buckledJoblessness ballooned in the pandemic's early days. Claims for unemployment benefits peaked at more than 6 million in early April 2020, up from roughly 200,000 a week before the pandemic.

Persons: Joe Raedle, Michele Evermore, There's, Andrew Stettner, NASI, Stettner, haven't, Indivar Dutta, Gupta Organizations: Getty, The Century Foundation, U.S . Labor Department's, National Academy of Social Insurance, Labor, Labor Department, Roosevelt Institute Locations: Florida, Sunrise , Florida, U.S

☆ Golden Opportunity to Boost Job, Labor Market: Raise the Minimum Wage
▼ + stars: | 2024-08-08 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The federal minimum wage, which has been stuck at $7.25 an hour for 15 years. Given the situation, here's an idea: Why not raise the federal minimum wage right now? Getting anything done legislatively is always a challenge, especially in an election year, but polls indicate a higher minimum wage is broadly popular. AdvertisementOnce the minimum wage gets so high that it starts to cause a bunch of job loss, that's a problem. If a higher minimum wage lifts millions of people out of poverty, that's incredible.

Persons: it's, Yannet Lathrop, California's, It's, Jacob Vigdor, Vigdor, Justin Wiltshire, Michael Reich, David Neumark, shouldn't, we've, they've, Emily Stewart Organizations: Bureau of Labor Statistics, National Employment, New York Times, Congressional, University of Washington, University of Victoria, UC Berkeley's Center, Dynamics, University of California, Business Locations: Nebraska, Florida, Washington ,, Washington, West, Wisconsin, Iowa, Mississippi, South Carolina, Seattle, California, British Columbia, New York, Irvine, America, Wiltshire

☆ King Charles and Queen Camilla to visit Australia and Samoa
▼ + stars: | 2024-07-14 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +4 min

CNN —Britain’s King Charles III and Queen Camilla are heading down under in the fall. The forthcoming visit to Australia will be the 75-year-old British monarch’s first trip to a Commonwealth realm since he ascended the throne. In addition to the United Kingdom, Charles is also head of state in 14 realms including Australia, New Zealand and Canada, though his role is largely ceremonial. “Their majesties’ state visit to Samoa will celebrate the strong bilateral relationship between the Pacific Island nation and the UK,” the palace added. Charles’ visit to Australia will be a key test of his popularity as head of state.

Persons: CNN — Britain’s King Charles III, Queen Camilla, Charles, Camilla, Charles ’, “, Keir Starmer, –, Queen Elizabeth II’s, rumblings, Anthony Albanese’s, Albanese Organizations: CNN, Australian Capital, Coast, Games, Commonwealth, Labour Party, New Zealand, CNN’s Royal Locations: Australia, Samoa, Commonwealth, United Kingdom, New Zealand, Canada, Australian Capital Territory, New South Wales, France, Scotland, Cardiff, Germany, Kenya

☆ Private equity is booming. How to get a job in the finance industry's newest 'it' sector.
▼ + stars: | 2024-07-05 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +10 min

Getty Images; Shutterstock; BIThe traditional path to private equity starts with an investment banking job out of college. In 2023, private equity firms started reaching out in July before junior investment bankers finished their summer training. But at its core, private equity is in the business of making money by buying and running companies. Samantha Lee/InsiderA small group of headhunters and other advisors hold power over the private equity recruitment process. More on private equity pay and hiring:Have private equity's 'Hunger Games' recruiting tactics gone too far?

Persons: —, Blackstone, Apollo isn't, Goldman Sachs, it's, David Wurtzbacher, Wurtzbacher, Wharton, Graham Weaver, you've, Samantha Lee, We've, Jon Gray, Drew Angerer, Skye Gould, Steve Schwarzman, Jonathan Gray, Gray, Thoma Bravo, Atlantic's, Carlyle, Warburg Pincus, Wharton's, Axel Springer Organizations: Service, Apollo, KKR, Business, Getty, CPA, BI, Alpine Partners, Alpine's, Harvard Business School, Stanford's Graduate School of Business, Alpine, of Foreign Labor, Bain Capital, Blackstone, Harvard, Games, Wall, Citadel, headhunters, dealmakers, Private, PJT Partners, Centerbridge, of Michigan Locations: San Francisco, UPenn, Carlyle, Blackstone, Axel

☆ Mars gets hit by hundreds of basketball-size space rocks every year
▼ + stars: | 2024-06-29 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Hundreds of basketball-size space rocks slam into Mars each year, leaving behind impact craters and causing rumblings across the red planet, according to new research. During its time on Mars, InSight used its seismometer to detect more than 1,300 marsquakes, which take place when the Martian subsurface cracks due to pressure and heat. Meteoroids are space rocks that have broken away from larger rocky bodies and range in size from dust grains to small asteroids, according to NASA. “We’re interested in studying that on Mars because we can then compare and contrast what’s happening on Mars to what’s happening on the Earth. Between 280 and 360 meteoroids hit the red planet each year, and they form impact craters larger than 26 feet (8 meters) across, according to the study.

Persons: ”, Ingrid Daubar, ” Daubar, NASA’s, “ We’re, Géraldine Zenhäusern, ” Zenhäusern, Natalia Wojcicka Organizations: CNN, NASA, Reconnaissance, JPL, Caltech, University of Arizona, Brown University, NASA’s Mars, Nature Communications, Switzerland’s ETH Zürich, Imperial College London’s Locations: Mars, Switzerland’s

☆ Scientists used AI to figure out elephants have names for themselves
▼ + stars: | 2024-06-11 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Read previewScientists using AI tools have discovered that elephants likely have unique names for each other, according to a new study. A group of scientists used machine learning to analyze hundreds of wild African elephant calls recorded in Kenya between 1986 and 2022, publishing their findings on Monday in the peer-reviewed journal Nature Ecology and Evolution. They did not analyze other types of rumbles, like "let's go" rumbles, because elephants are less likely to use specific names in that context, the authors explained. Unlike dolphins and parrots, who address each other by mimicking the receiver's voice, these elephant calls are not imitations of what each elephant sounds like. And if the elephants have names for each other, it's also possible that they have names for other objects too, according to the study's authors.

Persons: —, Mickey Pardo, Pardo, they're, it's Organizations: Service, Business, New York Times, CNN Locations: Kenya

☆ A former Google employee who was laid off shares 3 'red flags' that could signify your company is going to let people go
▼ + stars: | 2024-05-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen Shao Chun Chen was laid off from Google in February 2024, the news didn't come as a complete surprise. He told Business Insider that a layoff isn't dissimilar to a breakup: "It was like saying goodbye to an eight-year relationship." He joined Google in 2016 as an account manager and was leading a sales team when he was let go. Shao, who had prepared for layoffs and had a seven-figure investment portfolio to fall back on, shares three red flags he noticed.

Persons: —, Shao Chun Chen, Merrill Lynch, Shao, sprees —, that's Organizations: Service, Google, BI, Business Locations: Singapore

☆ Israel could win Eurovision. That would cause major headaches for the song contest’s organizers
▼ + stars: | 2024-05-07 | by ( Rob Picheta | ) edition.cnn.com time to read: +13 min

But this year, “the presence of Israel has become such a big issue (that) I think it’s going to overshadow the event,” he said. And they are leading perhaps the tensest three minutes in the contest’s history, when Israel’s competitor, Eden Golan, performs live. It doesn’t make sense,” Bambie Thug, Ireland’s participant, told CNN of extensive rules restricting any form of pro-Palestinian statement during the event. Ireland's Bambie Thug told CNN they disagreed with Israel's involvement in the competition. Long-standing rules preventing flags of non-competing countries and territories mean that Palestinian flags are banned from the crowd, which Bambie Thug told CNN they “100%” disagreed with.

Persons: Eden Golan, Benjamin Netanyahu, Golan, ”, Jessica Gow, ” Paul Jordan, Weeks, Johan Nilsson, Israel, Noel Curran, KAN, Bambie Thug, Patricia J, Garcinuno, ” Curran, “, Fredrik Persson, –, ” Jordan, SuRie, Karin Karlsson, Karlsson, ” Elina Pahnke, Saturday’s, Mohammad Ghannam, ” Lara Yosef, ” Yosef, ” Bambie Thug, Alyona Alyona Organizations: CNN, Music, Malmo, Eurovision, European Broadcasting Union, EBU, Getty, TT, Agency, Reuters, Israel, RAI, United, AFP, Malmo Arena, Artists, Aftonbladet, Israel’s National Security Council Locations: Swedish, Malmo, Israel, Gaza, Israel's, AFP, Ukraine, United Kingdom, Azerbaijan, Russia, Stockholm, Sweden's, seeping, Sweden’s Palestinian, Denmark, Norway, Sweden, “

☆ Eurovision braces for its most tense contest yet, as protesters and artists bristle at Israel’s presence
▼ + stars: | 2024-05-06 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

The competition – which tries desperately to retain its “apolitical” tag – has become the largest cultural event so far to be rocked by the repercussions of Israel’s war in Gaza. Those protesting or boycotting the song contest claim it is “artwashing” the conflict; others defend Israel’s inclusion, insisting the contest should not be dragged into geopolitics. It doesn’t make sense,” Bambie Thug, Ireland’s participant, told CNN of extensive rules restricting any form of pro-Palestinian statement during the event. Ireland's Bambie Thug told CNN they disagreed with Israel's involvement in the competition. Long-standing rules preventing flags of non-competing countries and territories mean that Palestinian flags are banned from the crowd, which Bambie Thug told CNN they “100%” disagreed with.

Persons: ” Paul Jordan, ”, Weeks, Eden Golan, ” Jordan, “, Carlos Garcia Rawlins, Bambie Thug, Patricia J, Garcinuno, Noel Curran, KAN, ” Curran, Golan, Fredrik Persson, –, SuRie, Karin Karlsson, Karlsson, ” Elina Pahnke, Johan Nilsson, Saturday’s, Mohammad Ghannam, ” Lara Yosef, ” Yosef, ” Bambie Thug, Alyona Alyona Organizations: CNN, Music, Malmo, Eurovision, European Broadcasting Union, EBU, TT, Agency, AFP, Getty, Malmo Arena, Artists, Aftonbladet, Israel’s National Security Council Locations: Swedish, Gaza, Israel, Malmo, Azerbaijan, Russia, Ukraine, Stockholm, Sweden's, seeping, Sweden’s Palestinian, Denmark, Norway, Sweden, “

☆ Alphabet stock surges 11% on blowout earnings and first dividend for Google owner
▼ + stars: | 2024-04-26 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Alphabet shares surged in Friday's premarket after a blowout earnings report for the Google owner. AdvertisementAlphabet stock surged ahead of Friday's opening bell as investors cheered the Google owner's blowout first-quarter earnings. If those gains hold until the opening bell, its valuation will top $2 trillion for the first time. Meanwhile, Microsoft stock made more modest gains after it reported first-quarter earnings on Thursday afternoon. Shares were up almost in pre-market trading, putting its market capitalization on course to jump about $11 billion at the opening bell back above $3 trillion.

Persons: —, AJ Bell, Russ Mould, Amy Hood, hadn't, OpenAI, Sophie Lund, Yates, Hargreaves Lansdown Organizations: Google, Microsoft, Nasdaq, Big Tech, Service, Apple Locations: Friday's

☆ Risk of a global recession is minimal, IMF economist says — would take 'a lot to derail'
▼ + stars: | 2024-04-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

"When we do the risk assessment around that baseline, the chances that we would have something like a global recession is fairly minimal. The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024 and projects the same rate in 2025. One of the International Monetary Fund's top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty. That has all combined with the ongoing Russia-Ukraine war, which had its biggest wider impact on energy prices in Europe in 2022. And that's one of the big risks that we do see, the implications that could have for oil prices could be substantial.

Persons: Gourinchas, Pierre, Olivier Gourinchas, Karen Tso, Gita Gopinath, we're Organizations: U.S, IMF, Washington DC, International Monetary, Palestinian, Hamas, CNBC Locations: Europe, New York, Germany, France, Italy, Spain, Portugal, Belgium, Gaza, Red, Yemeni, Russia, Ukraine, Asia, Israel, Iran

☆ Big Appeal, and Big Question Marks, in Possible TikTok Sale
▼ + stars: | 2024-03-14 | by ( Lauren Hirsch | David Mccabe | ) www.nytimes.com time to read: +1 min

TikTok is one of the most popular and largest social media apps around the globe — with great brand recognition and loyal users. That’s the conundrum facing TikTok as Washington lawmakers push a bill that would force the app’s Chinese parent company, ByteDance, to sell it or face having it banned in the United States. The bill passed the House on Wednesday but could face an uphill climb in the Senate. Rumors are already swirling on Wall Street about who could be interested in buying TikTok. The U.S. president, according to the bill passed by the House, would have to affirm that a deal cut the app off from ByteDance.

Persons: Steven Mnuchin, Mr, Mnuchin Organizations: CNBC, U.S Locations: Washington, United States, U.S, ByteDance

☆ No, Michelle Obama isn't going to swoop in and replace Joe Biden
▼ + stars: | 2024-03-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Michelle Obama isn't running for president in 2024. The former first lady's office says she's backing Joe Biden and Kamala Harris' reelection campaign. On Tuesday, the former first lady's office told NBC that "she will not be running for president." "Mrs. Obama supports President Joe Biden and Vice President Kamala Harris' reelection campaign," said Obama's communications director, Crystal Carson. In 2019, Obama told The National there was "zero chance" of her running.

Persons: Michelle Obama, Joe Biden, Kamala Harris, Biden, —, Obama, Crystal Carson, Michael Cembalest, Cembalest, hasn't, Gavin Newsom, It's, Donald Trump, Nikki Haley, Trump, Jay Shetty Organizations: Democratic, Service, White, NBC, JPMorgan Asset Management, Democratic National Committee, Super, MSNBC, California Gov, GOP Locations: Washington and Vermont

☆ Google's Gemini firestorm shows the risks of the company's race to catch up with its AI rivals
▼ + stars: | 2024-03-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The company has been defending itself against fierce backlash sparked by its AI chatbot's image-generating feature. The product has landed Google at the center of what was described in some circles as a "woke" culture war. AdvertisementGoogle's 'Gemini era' is all about GPT-4Pichai claimed late last year Google was entering its "Gemini era." The model is widely seen as the company's answer to OpenAI's GPT-4, a product heavily backed by Microsoft and already powering many of the company's AI products.

Persons: —, execs, Critics, Andrés, Sergey Brin, Sundar Pichai, Brin, Alex Heath, Heath, Pichai, OpenAI's, Google's Bard, Bing, Gvirtz, Sandra Wachter, Wachter Organizations: Service, Google, Business, Big Tech, King's Business School, Engineers, Gemini, Microsoft, chatbots, Financial, Oxford Internet Institute

☆ Mexico’s Popocatépetl volcano spews ash and smoke, forcing flight cancelations
▼ + stars: | 2024-02-28 | by ( Jessie Yeung | Abel Alvarado | ) edition.cnn.com time to read: +1 min

CNN —Mexico’s most dangerous active volcano spewed ash and smoke on Tuesday, with photos showing massive columns of gray emissions – large enough to ground nearby flights. The Popocatépetl volcano sits in central Mexico between the states of Morelos, Puebla and the State of Mexico. Ash fall was reported in Mexico City and its surrounding region, about 45 miles (72 kilometers) southeast of the volcano, according to the National Civil Protection Coordination. Then last May, it spewed enough ash that the Mexico City airport canceled hundreds of flights. Authorities in several states suspended in-person classes and warned residents to prepare for evacuation – though volcanic activity eventually slowed.

Persons: CNN —, Ash, Benito Organizations: CNN, National Civil Protection, Center for Disaster Prevention, International, Authorities Locations: Mexico, Morelos, Puebla, State of Mexico, Mexico City

☆ An Election Shatters the Image of Pakistan’s Mightiest Force
▼ + stars: | 2024-02-21 | by ( Christina Goldbaum | ) www.nytimes.com time to read: +1 min

The intimidating myth of an all-powerful military in Pakistan has been smashed in public view. Now comes another searing rebuke: Voters turned out in droves this month for candidates aligned with the expelled leader, Imran Khan, despite a military crackdown on his party. The political jockeying and unrest have left Pakistan, already reeling from an economic crisis, in a turbulent muddle. But one thing is clear: The military — long respected and feared as the ultimate authority in this nuclear-armed country of 240 million people — is facing a crisis. Its rumblings can be heard in once unthinkable ways, out in the open, among a public that long spoke of the military establishment only in coded language.

Persons: Imran Khan, Khan’s, ’ Locations: Pakistan

☆ Israel’s Druze Arabs, fiercely loyal to the state, feel let down after ‘paying with their blood’
▼ + stars: | 2024-02-21 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +11 min

About a million-strong, the global Druze community is largely spread across Israel, Lebanon and Syria. Some 130,000 Israeli Druze live in the Carmel and Galilee in the country’s north. There have been rumblings of discontent since 2018, when tens of thousands of demonstrators gathered in Tel Aviv to protest Israel’s controversial “nation-state” law. “The (nation-state) law didn’t affect our identity – it affected our sense of belonging,” he said in a video call with CNN. “The Druze community has no dream to have a country – we don’t want it, we don’t believe in it.

Persons: Alim Abdallah, Abdallah, we’d, ” Abdallah’s, Mona, Mona Abdallah Saad, “, ” Mona, ”, Alim Abdallah Saad, Adam, Maya, ” Abdallah, CNN hasn’t, Col, Salman Habaka, Be’eri, Habaka, Gadeer Kamal, Kamal, ‘ I’m, I’m, ’, Corinna Kern, Anwar Saab, It’s, Omri Eilat, Ariel Schalit, Benny Gantz, Bejamin Netanyahu, Bibi –, “ It’s Organizations: CNN, Israel Defense Forces, 300th Baram Regional Brigade, Washington DC, Jewish Agency for, Reuters ‘, Saab, University of Haifa, Druze Heritage Center, National Unity, Israeli Locations: Lebanon, Israel, Yanuh, Lebanese, Syria, Carmel, Galilee, Golan, Egypt, Israel’s, Hala, Gaza, Tel Aviv, Druze, Washington, Jewish Agency for Israel, Iran, Isfiya, Yanuh Jat

☆ NFL-Las Vegas Planning Super Bowl Supernova to Cement Status as Sports Hub
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +6 min

Already the United States' biggest sporting party, Las Vegas is promising a Super Bowl supernova around the Kansas City Chiefs and San Francisco 49ers showdown on Feb. 11. Last year's game featuring the Chiefs and Philadelphia Eagles holds the Super Bowl record for most viewers with 115 million. "The amount of events that are going on over the course of the week leading up to the Super Bowl is unlike anything we have ever seen." "We will get another Super Bowl again without question because no one throws a party like Vegas." (Reporting by Steve Keating in Las Vegas; Editing by Ken Ferris)

Persons: Steve Keating, Lombardi, Travis Kelce, Taylor Swift, Swift, Neil Armstrong, Neal Pilson, Nancy Lough, Mark Bucher’s Travis, Taylor, James Gibson, Ken Ferris Organizations: Steve Keating LAS VEGAS, NFL, Kansas City Chiefs, San Francisco 49ers, Chiefs, 49ers, Pittsburgh Steelers, New England Patriots, United States, Las Vegas, Philadelphia Eagles, Cincinnati Bengals, CBS, Pilson Communications, Reuters, Super, University of Nevada, Gronk's Beach Party, Super Bowl, National Hockey League, Golden Knights, NFL's Raiders, Major League Baseball, NBA, MLS Locations: Vegas, United States, Las Vegas, Tokyo, United, Las, Sin, University of Nevada Las Vegas, Nevada, Clark, Sin City

☆ One of Goldman Sachs' top executives running investment banking and global markets is set to step down: Read the full memo
▼ + stars: | 2024-01-29 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Jim Esposito, one of three co-heads of Goldman Sachs's powerful global banking and markets division, is set to step down. His previous roles include co-head of the global financing group, co-head of global markets, and global co-head of investment banking. Most recently, Jim played an important role in bringing together our Global Markets and Investment Banking franchises to form the Global Banking & Markets business. Jim's passion for our distinctive culture has also been reflected in his commitment to recruiting, developing and mentoring talented individuals around the world, including the next generation of leaders across Global Banking & Markets. Prior to assuming his current role, Jim was global co-head of the Global Markets Division and before that global co-head of the Investment Banking Division.

Persons: Jim Esposito, Goldman, Esposito, He's, David Solomon, Solomon, John Waldron, Waldron, Julian Salisbury, —, Salisbury's, Eric Lane, Gregg Lemkau, Goldman Sachs, Jim, Jenn, David Organizations: Business, Goldman, Wall Street, Business Insider, Bloomberg, Tiger Global, IB, Global Banking, Markets, Management, Investment Banking, Global Markets, Global Markets Division, Global, Group, Trustees, Corporation, Brown University, Advisors, Tuck School of Business, Dartmouth College

☆ US and Iraqi governments expected to start talks on future of US military presence in the country
▼ + stars: | 2024-01-24 | by ( Natasha Bertrand | Oren Liebermann | ) edition.cnn.com time to read: +7 min

CNN —The US and Iraq are expected to soon begin talks on the future of the US military presence in the country, according to sources familiar with the matter, amid public calls from the Iraqi government for the US to withdraw its troops. US military officials and diplomats will be involved in the discussions, officials said. The talks about the future of the US’ military presence have now taken on a greater urgency amid the wider regional instability, and amid growing public calls by the Iraqi government for the US to withdraw its troops from the country. Part of the discussions will focus on whether and when it will be feasible to end the US military presence in Iraq. “The Biden administration is not considering a withdrawal of forces from Syria,” a senior US official told CNN.

Persons: Defense Lloyd Austin, ” Austin, ”, They’re, Mohammed Shia, Sudani, ” “, “, ” Jonathan Lord, Jon Alterman, it’s, Alterman, Elena Romanowski, Biden, CNN’s Haley Britzky Organizations: CNN, Pentagon, ISIS, Defense, ”, ISIS Coalition, Higher, Commission, Center for New American Security, Iraqi Security Forces, Middle, Center for Strategic, International Studies, “ Locations: Iraq, Iraqi, Iran, Syria, ”, Iranian, Baghdad, Israel

☆ It could be time for investors to take some profits on Netflix after earnings, according to the charts
▼ + stars: | 2024-01-23 | by ( Todd Gordon | ) www.cnbc.com time to read: +6 min

Netflix has recently been crowned the unofficial king of streaming services and it's scheduled to report earnings this evening. The earnings report could be another good one, but the stock technicals are flashing some warning signs for long-term investors. From a fundamental standpoint, NFLX has been anointed 'the one' in the streaming space after delivering on multiple initiatives. Combined that with such strong projected growth rates creating a stretched forward valuation making investors even more cautious. At the current price of $486.50 and an expectation of $15.94 in earnings, that puts NFLX at 30.50 times 2024 earnings.

Persons: NFLX, Julius de Kempenaer, Hope, you'll, Gordon Organizations: Netflix, Tactical Alpha, Edge, candlestick Locations: I'm

☆ Morgan Stanley warns EV momentum is 'stalling' — and lists 7 reasons Tesla should be worried
▼ + stars: | 2024-01-22 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

Morgan Stanley expects a conservative year-ahead outlook from Tesla when it reports earnings this week. Jonas points to German Tesla price cuts as a warning sign for the year ahead. Electric cars already have some of the worst resale values in the automotive industry, though Tesla leads this pack with the Model 3's residual value. "Any potential rollback of EV incentives would be an impediment for the pace of EV adoption," Jonas wrote. Slowing EV exports out of ChinaRelated to China's looming overcapacity issue, the country's government said this month it would rein in EV exports and crack down on "blind" production of electric cars.

Persons: Tesla, Morgan Stanley, —, Elon Musk, Adam Jonas, Jonas, Price, EVs, Biden, Donald Trump Organizations: Service, Tesla, EV, Hertz, Biden Administration Locations: Berlin, China, EVs

Cheddar News owner Altice USA announced Thursday it has sold the financial news streaming service to the media company Archetype, which is owned by private equity firm Regent LP. Altice USA will collect proceeds in the future if Cheddar meets certain performance targets. Those payments could amount to about $50 million based on internal projections, CNBC previously reported. Cheddar, founded in 2016 by Jon Steinberg, was bought by Altice USA in 2019 for $200 million. "We are incredibly proud of what Cheddar News has accomplished within the Altice USA portfolio, growing its distribution to reach new viewers with fresh and exciting need-to-know news content," said Keith Bowen, president of news, advertising and programming for Altice USA, in a statement.

Persons: Jon Steinberg, Keith Bowen Organizations: Cheddar News, Altice USA, CNBC, Sunset Magazine, Military Times, CNBC PRO Locations: Cheddar, Regent, USA

☆ Former Trump advisor says the U.S. economy is 'back to normal,' but markets may be jumping the gun on rate hikes
▼ + stars: | 2023-11-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The U.S. economy is "back to normal" for the first time in two decades, but the market is getting ahead of the likely pace of interest rate cuts, according to IBM Vice Chairman Gary Cohn. The central bank in September paused its historically aggressive monetary tightening cycle with the Fed funds rate target range at 5.25-5.5%, up from just 0.25-0.5% in March 2022. "You don't want to be early to leave when you're the last one to come to the party. "The economy will clearly turn down before the Fed had starts to cut interest rates, so I strongly believe that for the first half of '24, we will see no rate activity in the Fed. Maybe [in the third quarter], we'll start hearing rumblings of some forward guidance of lower rates."

Persons: Gary Cohn, Cohn —, Donald Trump, Cohn, CNBC's Dan Murphy Organizations: IBM, Federal Reserve, National Economic, Abu, Abu Dhabi Finance, Fed Locations: U.S, Abu Dhabi

☆ Ukraine war live updates: Winter storms batter Russia and Ukraine, wreaking havoc, death and destruction ... but war continues
▼ + stars: | 2023-11-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

NATO's Secretary-General Jens Stoltenberg told CNBC it would be a "tragedy" for Ukrainians if Russian President Vladimir Putin wins the war. Therefore we will be more vulnerable if President Putin wins so it's in our security interests to support Ukraine," he told CNBC's Silvia Amaro in Brussels. Concerns have grown recently that public support for continued military funding for Ukraine has declined. Stoltenberg said bipartisan support for Ukraine remained strong in the U.S., despite some rumblings of Republican discontent over military aid. "I'm absolutely confident that the United States understands that it's dangerous for the United States if President Putin wins in Ukraine," he said.

Persons: Jens Stoltenberg, Vladimir Putin, Stoltenberg, Putin, CNBC's Silvia Amaro, — Holly Ellyatt Organizations: CNBC, Kyiv, Ukraine Locations: Ukraine, Moscow, Beijing, Brussels, Europe, U.S, United States

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