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☆ Wayne Shorter, master composer of jazz, dies aged 89
▼ + stars: | 2023-03-02 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

[1/3] U.S. Jazz saxophonist Wayne Shorter performs onstage during a 'tribute to Miles Davis evening' at the 45th Montreux Jazz Festival in Montreux July 13, 2011. REUTERS/Valentin FlauraudMarch 2 (Reuters) - American saxophonist Wayne Shorter, who wrote some of jazz's most acclaimed compositions and whose often plaintive playing changed the sound of jazz in the 1960s before he explored rock-fusion, died on Thursday aged 89. "The master writer to me, in that group, was Wayne Shorter," the keyboardist said. "Wayne was one of the few people who brought music to Miles that didn't get changed." Other hit records included "Native Dancer" featuring Brazilian singer Milton Nascimento which mixed jazz, rock and funk with Brazilian rhythms.

☆ Botswana mining growth seen flat amid dim diamond outlook
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

GABORONE, March 1 (Reuters) - Botswana expects output from its mining sector to be flat this year, as the diamond industry loses its sparkle due to a contraction in consumer spending and weaker demand for diamond jewellery, a finance ministry official said on Wednesday. Diamond trading grew 41% in the year as Botswana also benefitted from Western buyers shunning stones from Russia following its invasion of Ukraine. In 2023, Botswana expects diamond output to decline by 1%, while diamond trading growth is seen slowing to 7% from 41% last year. Finance ministry estimates show that government expects mineral royalties to fall to 4,5 billion pula ($3.41 billion) in 2023, from 6.1 billion pula last year. Dividends due to the state will also decline to 11,3 billion pula from 15 billion pula in 2022.

☆ CNBC Pro Talks: What Brian Belski is buying in this market
▼ + stars: | 2023-03-01 | by ( Sarah Min | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Find out what one of Wall Street's Biggest Bulls is buying in this marketBMO Capital Markets Chief Investment Strategist Brian Belski tells CNBC the S&P 500 could hit 4,800 by year-end, one of the most bullish price targets on Wall Street. With his thesis, he is putting money to work and shares how he is investing, live from the New York Stock Exchange.

☆ The US Air Force is finally getting rid of its A-10s, and its focus may be straying from the Warthog's unique mission
▼ + stars: | 2023-02-28 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Those retirements would shrink the Air Force's A-10 fleet to 260 aircraft, and Air Force leaders plan to continue decommissioning A-10s in the years ahead. Not so closeUS Air Force joint terminal attack controllers during a close air support training with an A-10 in Nevada in September 2011. Michael HolzworthCurrent and former Air Force officials have said that the F-35 would take over the A-10's mission after the Warthog left the fleet. So it will perform the mission very differently," said Kendall, who is now the Air Force's top civilian official. Those skills "are perishable," Boeding added, "and the stakes are too high to not train dedicated crews (ground and air) in purpose build close air support aircraft."

☆ Carlyle veteran Peter Clare to retire after more than three decades
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Feb 27 (Reuters) - Carlyle Group (CG.O) veteran and chief investment officer of its corporate private equity business, Peter Clare, will retire on April 30, weeks after the buyout firm named former Goldman Sachs Inc (GS.N) executive Harvey Schwartz as its chief executive. Clare, who joined Carlyle in 1992, has held several senior leadership roles in the unit. Carlyle also said on Monday Sandra Horbach and Brian Bernasek, currently co-heads of U.S. buyout and growth platform, will assume the role of co-heads of the Americas to oversee the firm's private equity business effective immediately. The appointments comes at a turbulent time for private equity firms as stubbornly high inflation, rising interest rates and geopolitical turmoil together crimped lucrative exits from investments. Earlier this month, Carlyle reported a steep 52% slide in its fourth-quarter distributable earnings as the private equity firm cashed out on fewer investments as dealmaking slowed.

☆ Reshoring is accelerating—These stocks should benefit as companies return to the U.S.
▼ + stars: | 2023-02-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Reshoring declarations are amping up, as more companies look to return operations to the United States from overseas. Corporate reshoring announcements jumped 17% in the fourth quarter compared with the prior quarter and are now tracking nearly 300% higher than the fourth quarter of 2021, according to UBS. In fact, reshoring and foreign direct investments jobs reached a record of at least 360,000 jobs last year, according to the Reshoring Initiative. The move back to the U.S . can also be seen in corporate earnings, said Ron Graziano, managing director of global accounting and tax for Credit Suisse. The company's equipment is needed for big semiconductor manufacturing plants as companies test chips as they are produced, Snyder said.

☆ 5 contrarian investments to make now to profit as stocks defy the bears and go on a surprise rebound rally, according to a Fidelity strategy director
▼ + stars: | 2023-02-24 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Stocks have given up much of their year-to-date gains after a furious rebound rally to start 2023. Here are five contrarian investments to make if stocks rally despite a recession. Denise Chisholm, the director of quantitative market strategy at Fidelity Investments, has chosen the latter. If that's the case, Chisholm thinks stocks could enjoy a bear-defying relief rally this year. Investors looking to get exposure to Chisholm's preferred sectors can consider the following exchange-traded funds (ETFs): the Consumer Discretionary Select Sector SPDR Fund (XLY), the Financial Select Sector SPDR Fund (XLF), the Industrial Select Sector SPDR Fund (XLI), the Materials Select Sector SPDR Fund (XLB), and the Health Care Select Sector SPDR Fund (XLV).

☆ Ron DeSantis styles himself a culture warrior for God. But his push to expand the death penalty is 'deeply concerning' to the Catholic Church.
▼ + stars: | 2023-02-17 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +7 min

The Catholic Church is speaking out against a GOP push to expand the death penalty. Making it "easier to impose death is deeply concerning," Michael Sheedy of the Florida Conference of Catholic Bishops told Insider. 'Deeply concerning'Any effort to expand the death penalty in Florida will face obstacles: the state and US constitutions. "An execution represents a judgment by fallible human beings that a person is beyond redemption – a judgment the Catholic Church rejects," they said. Tony Argiz, right, recalled how the Catholic Church helped him when he came to the US from Cuba as an unaccompanied minor.

Feb 15 (Reuters) - Emergent BioSolutions Inc's (EBS.N) over-the-counter version of opioid overdose reversing drug received unanimous support from U.S. Food and Drug Administration's panel of advisers, sending shares of the contract drugmaker up nearly 16% after market. The vote puts the naloxone-based treatment Narcan on track to potentially become the first opioid overdose drug to be sold OTC nationwide. Naloxone rapidly reverses or blocks the effects of an overdose, restoring normal respiration. However, most panelists emphasized that OTC use of the nasal spray was safe and proposed ways to improve its labeling, to avoid using the drug wrong. Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020.

☆ There’s a new inflation warning for consumers coming from the supply chain
▼ + stars: | 2023-02-13 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

While many sources of supply chain inflation that stoked higher goods prices have come down sharply, including ocean freight rates and transportation fuels, bloated inventories due to a lack of consumer demand are sustaining upward pressure on warehouse rates. "But inflationary pressures remain where demand outpaces supply in 2023, including in warehousing through most of the United States, domestic parcel and labor." One reason for the imbalance between warehouse supply and demand is lack of new facilities coming into the market. The Fed is now more focused on services inflation, in particular labor prices, as it expects the pressure in goods inflation to remain downward. But the logistics issues suggest that there will be some elements of sticky inflation on the goods side of the equation.

☆ Watch CNBC’s ‘Halftime Report’ investment committee weigh in on Disney and Salesforce
▼ + stars: | 2023-02-09 | 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 EmailWatch CNBC’s ‘Halftime Report’ investment committee weigh in on Disney and SalesforceCNBC’s ‘Halftime Report’ investment committee, Shannon Saccocia, Josh Brown, Bill Baruch, Jim Lebenthal and Brian Belski, discuss the end of Nelson Peltz's proxy fight with Disney and the company's restructuring plan.

☆ SVB's Shannon Saccocia isn't jumping into Disney, says company has a succession issue
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSVB's Shannon Saccocia isn't jumping into Disney, says company has a succession issueCNBC’s ‘Halftime Report’ investment committee, Shannon Saccocia, Josh Brown, Bill Baruch, Jim Lebenthal and Brian Belski, discuss the end of Nelson Peltz's proxy fight with Disney and the company's restructuring plan.

☆ Near-Collisions on Runways in New York and Texas Rattle Aviation Officials
▼ + stars: | 2023-02-07 | by ( Micah Maidenberg | ) www.wsj.com time to read: 1 min

A FedEx cargo plane was involved in a close call on a runway in Austin, Texas, this month. WASHINGTON—Air-safety officials and members of Congress are raising fresh concerns about recent near-collisions on runways in New York and Texas, close calls that threatened a relatively long stretch without domestic aviation accidents involving major planes. “We can’t take our eye off the ball,” Rep. Brian Babin (R., Texas) said at a House Transportation Committee hearing Tuesday focused on the Federal Aviation Administration.

☆ Relief Efforts in Turkey, Syria Face Logistical Hurdles
▼ + stars: | 2023-02-07 | by ( Paul Berger | ) www.wsj.com time to read: +4 min

Aid groups and logistics operators worldwide are ramping up urgent relief efforts for victims of the earthquakes in Turkey and Syria but say moving supplies through the region’s devastated infrastructure will be a major challenge. Mr. Hovey said Direct Relief plans to fly supplies to airports at Istanbul in northwestern Turkey and at Adana in southeastern Turkey, close to the disaster zone. Many U.S. charities without aid operations in Syria and Turkey are now planning relief efforts, said Kathy Fulton, executive director of American Logistics Aid Network, which coordinates aid efforts among logistics operators following disasters. Aid groups are mostly focused on getting relief to Turkey and Syria by plane. He said the demand for air charters is also starting to make it harder and more expensive to secure space for aid and relief efforts in other parts of the world, such as Ukraine.

☆ BMO: These 15 top stocks will continue to outperform the market as an explosive rally for small caps gains momentum
▼ + stars: | 2023-02-04 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Small caps have outperformed their larger counterparts during a broader market rally. BMO Capital Markets shared its 15 favorite small stocks to buy right now. High-flying energy stocks have taken a breather recently while beaten-down technology companies, international equities, and small caps have made a comeback. Below are the 15 small-cap stocks that BMO Capital Markets recommends most right now, along with the ticker, market capitalization, and price-to-earnings (P/E) ratio for each. All except one of these stocks rose last month, wrote Brian Belski, the firm's chief investment strategist, in a February 1 note.

Liss-Riordan and Twitter made a joint filing in San Francisco federal court on Thursday to update the court ahead of a hearing scheduled for Feb. 9. The workers claim Twitter refused to pay promised severance or give them the advance notice of mass layoffs required by law, which the company denies. In an interview on Friday, Liss-Riordan said Twitter is likely trying to delay the arbitration cases in hopes that some workers drop their claims. “This is just a stupid game that Twitter is trying to play,” she said. Liss-Riordan has filed three other lawsuits against Twitter stemming from the layoffs, including claims that the company targeted female employees and forced out workers with disabilities.

☆ BofA Promoted 93 New MDs in Global Markets — Here Are the Names
▼ + stars: | 2023-01-26 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

Bank of America announced 93 new managing directors in Global Markets on Thursday. The division in 2022 saw sales and trading revenues climb to its highest mark since 2010.Insider has all the names of the newly promoted MDs. On Thursday the bank announced a new class of 360 managing directors, including 93 from the firm's Global Markets division — up from 86 last year. The bank's Global Corporate and Investment Bank promoted 87 new MDs. BofA made $16.5 billion in 2022 from sales and trading — including a fourth-quarter record of $3.7 billion — the highest tally for the firm since 2010.

☆ Watch CNBC's 'Halftime Report' investment committee weigh in on Microsoft stock
▼ + stars: | 2023-01-25 | 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 EmailWatch CNBC's 'Halftime Report' investment committee weigh in on Microsoft stockJoe Terranova, Jenny Harrington, Bill Baruch, Steve Weiss and Brian Belski, join the 'Halftime Report' to discuss Microsoft as the stock falls after dismal guidance from yesterday's earnings report.

☆ BMO's Brian Belski on Microsoft: Investors should maintain positions
▼ + stars: | 2023-01-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMO's Brian Belski on Microsoft: Investors should maintain positionsJoe Terranova, Jenny Harrington, Bill Baruch, Steve Weiss and Brian Belski, join the 'Halftime Report' to discuss Microsoft as the stock falls after dismal guidance from yesterday's earnings report.

☆ Buy these 42 stocks in BMO's market-crushing US dividend growth portfolio to earn income and hedge against high prices in 2023
▼ + stars: | 2023-01-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are the 42 stocks in BMO's US dividend growth portfolio, which beat the market soundly in 2022. One such model, the US dividend growth portfolio, beat the S&P 500 convincingly in 2022, falling just 5.4% after dividends compared to the index's -18.1% total return. And in 2021, the US dividend growth portfolio matched the S&P 500's performance exactly by rising 28.7%. Still, Belski noted that 30 of the 42 stocks held in BMO's US dividend growth portfolio topped the S&P 500 in the fourth quarter. Below are the 42 stocks in BMO Capital Markets' market-beating US dividend growth portfolio right now, along with the ticker, market capitalization, sector, and dividend yield for each.

☆ The risk-reward hasn't changed this week, says Short Hills' Steve Weiss
▼ + stars: | 2023-01-13 | 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 EmailThe risk-reward hasn't changed this week, says Short Hills' Steve WeissCNBC’s ‘Halftime Report’ investment committee, Steve Weiss, Shannon Saccocia, Jim Lebenthal, Joe Terranova and Brian Belski, discuss the risk-reward in stocks after a cooling December CPI report.

☆ Here are 3 money moves you should make at the start of the year, financial experts say
▼ + stars: | 2023-01-09 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

One of the revelations that will likely come in 2023 is that you're largely the same person as last year. Here are three of the most important actions to take now (and at the start of every year), financial experts say:1. Update your budget"The new year is a chance to reflect and start fresh," said Brian Bender, head of Schwab Retirement Plan Services. 2. Review your emergency savingsHaving a solid emergency savings account is one of the best ways to sleep soundly at night, said Cristina Guglielmetti, president of Future Perfect Planning in Brooklyn. watch nowShe recommends keeping the cash in a high-yield savings account.

☆ How the end of China's travel lockdown could boost online retail powerhouses like Shein
▼ + stars: | 2023-01-09 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

As of January 8, Chinese citizens may travel out of the country freely for the first time in years. The change could boost Chinese e-commerce powerhouses like Shein and Alibaba. Though there are plenty of dedicated cargo flights in and out of China, more than half of air cargo worldwide travels in the belly of passenger planes. Chinese online retailers stand to benefit even more, said Brian Bourke, chief commercial officer of Seko Logistics, a freight forwarding company that manages transportation for Shein, among other US and Chinese e-commerce giants. Cheaper air cargo rates are likely to encourage even more investment in speed from Shein and others.

☆ 1 snowmobiler killed, 1 missing in Colorado avalanche
▼ + stars: | 2023-01-08 | by ( Dennis Romero | ) www.nbcnews.com time to read: +3 min

A 58-year-old man was killed and another man is missing after they were struck by an avalanche in the north-central Rocky Mountains on Saturday, authorities in Colorado said. The missing man did not have an avalanche transceiver, the avalanche center said. There have been three deaths in Colorado avalanches since Dec. 26, according to avalanche center data, two of which have been in Grand County. “We encourage those recreating in our backcountry to regularly monitor the conditions and follow the advice of our avalanche professionals at Colorado Avalanche Information Center,” county Sheriff Brett Schroetlin said in a statement. Of the 20 people caught in avalanches during the 2021-22 season, seven people died, according to the avalanche center.

☆ DeSantis' second inauguration as governor will have a 'Free State of Florida' theme, an intimate candlelight dinner, and a toast to moms supporting the GOP governor
▼ + stars: | 2023-01-01 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +10 min

The overarching theme is "The Free State of Florida," the Florida Standard first reported. "The Free State of Florida" is a motto mirroring DeSantis' 2022 campaign theme. Officials stand on stage during an inauguration ceremony where Ron DeSantis was sworn in as Florida Governor, Tuesday, January 8, 2019, in Tallahassee, Florida. This inauguration, DeSantis is considering turning down donations from Big Tech companies, The New York Times reported. "I support Governor DeSantis and am honored to have been invited to his inauguration," GOP Rep. Matt Gaetz of Florida told Insider.

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