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☆ Chinese stocks will surprise on the upside in 2023: State Street Global Markets
▼ + stars: | 2022-11-22 | 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 EmailChinese stocks will surprise on the upside in 2023: State Street Global MarketsDaniel Gerard from State Street Global Markets says China's easing of Covid restrictions will spur the markets in 2023 and has secondary impact on global markets as well.

☆ Saudi Arabia’s victory over Argentina is the greatest upset in World Cup history, says data company
▼ + stars: | 2022-11-22 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +6 min

According to sports data group Gracenote, Argentina’s 2-1 defeat by Saudi Arabia in their Group C match is the biggest upset in World Cup history. All the pre-match talk focused on Messi, one of the world’s greatest ever players who is likely playing his last World Cup. According to Gracenote, the previous most surprising World Cup win was USA’s victory against England in 1950, in which the American team had a 9.5% chance of victory. David Cannon/Getty ImagesDiego Maradona had taken the world by storm at the 1986 World Cup, delivering a succession of spectacular individual performances as Argentina claimed its secondd title. Keystone/Hulton Archive/Getty ImagesAhead of the 1950 World Cup in Brazil, football had been fully professional in England for decades, though this was the English team’s first appearance at a World Cup having chosen not to appear in the previous three tournaments.

☆ Brazil's Goldfajn elected to replace ousted IDB president
▼ + stars: | 2022-11-20 | by ( ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 20 (Reuters) - The Inter-American Development Bank (IDB) said on Sunday its board of governors has elected Brazil's Ilan Goldfajn as president of the financial institution, after Mauricio Claver-Carone, the first American to lead it, was ousted over ethics violations. Headquartered in Washington, the IDB is a key investor in Latin America and the Caribbean, responsible for $23.4 billion in financial commitments in 2021 and hundreds of infrastructure, health and tourism projects. In a statement, U.S. Treasury Secretary Janet Yellen congratulated Goldfajn and said the United States stands by the IDB as the region's premier development finance institution. "We are counting on President Goldfajn to lead this organization to be an engine of change and progress for our neighbors across Latin America and the Caribbean," Yellen said. Brazil's outgoing President Jair Bolsonaro nominated Goldfajn, the former president of the country's central bank and currently the head of the International Monetary Fund's Western Hemisphere department.

☆ Brazil's Goldfajn elected to replace ousted IDB president, sources say
▼ + stars: | 2022-11-20 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 20 (Reuters) - The governors of the Inter-American Development Bank (IDB) have elected Brazil's Ilan Goldfajn as president of the financial institution after Mauricio Claver-Carone, the first American to lead it, was ousted over ethics violations, two sources told Reuters. Headquartered in Washington, the IDB is a key investor in Latin America and the Caribbean, responsible for $23.4 billion in financial commitments in 2021 and hundreds of infrastructure, health and tourism projects. The scandalous ouster of Claver-Carone had made it more likely that the next candidate would hail from Latin America, following prior precedent. Brazil's outgoing President Jair Bolsonaro nominated Goldfajn, the former president of the country's central bank and currently the head of the International Monetary Fund's Western Hemisphere department. IDB shareholders have underscored the importance of rebuilding trust in the institution after Claver-Carone's rocky, nearly two-year tenure.

☆ Spain at the 2022 World Cup: who is in Luis Enrique's 26-man squad?
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +4 min

Nov 14 (Reuters) - Spain are looking to win their second World Cup title at the Nov. 20-Dec. 18 tournament in Qatar. WHO IS IN SPAIN'S WORLD CUP 2022 SQUAD? * Defenders: Jordi Alba (Barcelona), Nacho Monreal (Arsenal), Alvaro Odriozola (Real Sociedad), Nacho Fernandez (Real Madrid), Dani Carvajal (Real Madrid), Gerard Pique (Barcelona), Sergio Ramos (Real Madrid), Cesar Azpilicueta (Chelsea). * Midfielders: Sergio Busquets (Barcelona), Isco (Real Madrid), Thiago Alcantara (Bayern Munich), David Silva (Manchester City), Andres Iniesta (Barcelona), Saul Niguez (Atletico Madrid), Koke (Atletico Madrid). * Forwards: Marco Asensio (Real Madrid), Iago Aspas (Celta Vigo), Diego Costa (Atletico Madrid), Rodrigo Moreno (Valencia), Lucas Vazquez (Real Madrid).

☆ Elon Musk says CEOs should tweet more, but his tweets have been a double-edged sword
▼ + stars: | 2022-11-14 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Elon Musk told CEOs on Wednesday to tweet more as it has "worked quite well" for him. But, experts say posting on social media can cause major issues for executives and their brands. Ultimately, legal experts say posting on social media is too risky for most CEOs. Executives' comments on social media could also fail to translate to younger generations with different values and worldviews, said Anat Alon-Beck, a business law professor at Case Western Reserve University. So while Musk may have built up a huge following with his off-the-cusp tweets and jokes, for most CEOs, the risks of tweeting are likely too great.

☆ Barcelona: Gerard Piqué and Robert Lewandowski sent off as Barça fights back to defeat Osasuna
▼ + stars: | 2022-11-09 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Gerard Piqué’s football career ended in ignominious fashion as he was red carded from the substitute’s bench, but Barcelona nevertheless secured an important 2-1 victory against Osasuna. With Robert Lewandowski also red carded in the first half, Barça fought back from a goal down to move five points clear of rival Real Madrid at the top of La Liga. Osasuna took an early lead in the sixth minute of Tuesday’s game when David García headed in from a corner. Lewandowski reacts after being given his marching orders against Osasuna. “Our team’s shown the most maturity since I’ve been here,” Barça manager Xavi told reporters after the game.

☆ The 2022 Midterm Election Endangers Democrats, Not Democracy
▼ + stars: | 2022-11-08 | by ( Gerard Baker | ) www.wsj.com time to read: +1 min

Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.

☆ Shakira, Pique reach agreement on child custody after break-up
▼ + stars: | 2022-11-08 | by ( Horaci Garcia | ) www.reuters.com time to read: +1 min

BARCELONA, Nov 8 (Reuters) - Colombian pop star Shakira has reached an agreement with former partner Gerard Pique over the custody of their two children following the break-up of their 11-year relationship earlier this year, Shakira's representative in Spain said on Tuesday. Shakira Mebarak, 45, and FC Barcelona defender Pique, 35, were together since 2011 but never married. They met shortly before the 2010 World Cup in South Africa when he featured in the music video for Shakira's "Waka Waka (This Time for Africa)", the tournament's official song. The custody agreement was reached one week after Pique announced his imminent retirement from professional football and departure from FC Barcelona. Prosecutors claim she failed to pay up to 14.5 million euros ($14.48 million) in tax on income earned between 2012 and 2014.

☆ Real Madrid draws Liverpool in the Champions League last-16 stage
▼ + stars: | 2022-11-07 | by ( John Sinnott | ) edition.cnn.com time to read: +3 min

CNN —Real Madrid drew Liverpool in the Champions League round-of-16 stage on Monday in a rematch of last season’s final. Los Blancos beat Liverpool 1-0 in Paris in May to win their 14th European Cup. Real also beat Liverpool over two legs in the 2020/21 season as well and have not lost a match to the Reds in their previous six meetings. Champions League last-16 draw:Paris Saint-Germain vs Bayern MunichInter Milan vs FC PortoBorussia Dortmund vs ChelseaEintracht Frankfurt vs Napoli! AC Milan vs TottenhamLiverpool vs Real MadridClub Brugge vs BenficaRB Leipzig vs Manchester City

☆ FC Barcelona star Gerard Piqué announces retirement, five months after split from Shakira
▼ + stars: | 2022-11-04 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

FC Barcelona soccer star Gerard Piqué announced his retirement on social media Thursday at the age of 35. The defender, who recently split with Colombian singer Shakira, has won the Champions League three times with FC Barcelona and the World Cup with Spain in 2010. Gerard Pique during a match between Valencia CF and FC Barcelona, in Valencia, Spain, on Oct. 29, 2022. According to the club, Piqué joined FC Barcelona’s youth category at the age of 10. Gerard Piqué and Shakira in Barcelona, Spain, on May 30, 2015.

☆ Gerard Piqué: Barcelona defender announces retirement at age 35
▼ + stars: | 2022-11-04 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Barcelona defender Gerard Piqué has announced his retirement from football, saying Saturday’s game against Almería will be his last. The defender played 615 games – including 396 in the Spanish league and 126 in the Champions League – with Barcelona, winning eight La Liga title and the Champions League three times. This season, Piqué has fallen down the pecking order as Barcelona attempt to transition to a new era, meaning he’s found his playing time limited. Outside of football, Piqué became the owner of Andorran club, FC Andorra, in 2018. Last season, the club – which plays in the Spanish league system – was promoted to the second tier of Spanish football for the first time in its history.

☆ In the Midterms, Democrats Occupy the Left Bank of Denial
▼ + stars: | 2022-11-01 | by ( Gerard Baker | ) www.wsj.com time to read: +1 min

☆ Here's what you can expect if you get COVID-19 on a cruise ship according to a Royal Caribbean passenger who was given the option to quarantine on the ship even after the cruise ended
▼ + stars: | 2022-10-26 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +6 min

If a passenger contracts the virus, cruise ships offer medical treatment and future cruise credits. Both the medical team and the guest services team called him regularly to check on him. CelebrityThe liner Celebrity Reflection cruise ship arrives at the French Mediterranean port of Marseille. Future cruise creditsMost cruise lines offer future cruise credits if a passenger gets sick with COVID-19, but Hochberg said that process has been challenging. In July, The Centers for Disease Control and Prevention ended its COVID-19 Program for Cruise Ships, putting the onus on cruise lines to create their own standards.

☆ The clock is ticking for Elon Musk to buy Twitter — and he's running out of time
▼ + stars: | 2022-10-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

ET to close his deal with Twitter or a trial date will be set. If Musk becomes Twitter's new owner, Twitter will undergo a chapter of major change and likely layoffs. When Musk initially filed to end the court case and buy the company at the original price, Twitter appeared wary of the billionaire's intentions. The company has said it will not close the deal until Musk can prove he has funding in place. Last week, The Washington Post reported that Musk planned to cut about 75% of the company's staff.

☆ ‘M3GAN,’ the next generation of creepy doll movies, is not playing around
▼ + stars: | 2022-10-23 | by ( Dan Heching | ) edition.cnn.com time to read: +6 min

“M3GAN” doesn’t hit theaters until January, but the movie’s quick, zeitgeist-piercing creepiness as seen in the teaser is something to behold. “I was always thinking of her as real,” “M3GAN” director Gerard Johnston told CNN of his approach. Universal PicturesJohnstone set out to make Megan (short for “Model 3 generative android,” Williams explains in the trailer) more than just a creepy inanimate doll. “Because she is a living doll… [‘M3GAN’ is a] cautionary tale about A.I. Like creepy doll movies, stories that explore evil and/or self-aware technology call to mind the troublesome and blurry line where the inanimate object ends, and where something akin to humanity – but somehow different – begins.

☆ What if the 2022 Midterm Falls in the Forest but Nobody Hears?
▼ + stars: | 2022-10-18 | by ( Gerard Baker | ) www.wsj.com time to read: +1 min

☆ Central banks get sucked into financial black hole
▼ + stars: | 2022-10-14 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Central bankers around the world want to bring inflation down by returning interest rates to “normal” levels. As a result, the average UK mortgage has grown to 3.4 times average income, up from 1.5 times in the early 1980s, according to housing analyst Neal Hudson. But it’s left many homeowners extremely vulnerable to higher interest rates. As a result, the government’s fiscal position is more exposed to interest rate fluctuations. As a financial black hole opens up, central banks will be forced to stop tightening.

☆ RBC's Gerard Cassidy breaks down which banks to own into earnings season
▼ + stars: | 2022-10-13 | 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 EmailRBC's Gerard Cassidy breaks down which banks to own into earnings seasonGerard Cassidy, RBC, joins CNBC's "Fast Money" to discuss bank earnings and which stocks investors should be looking amid rising inflation and tightening monetary policy.

☆ Posh ice cream, craft beer in vogue as Chinese downsize their love of luxury
▼ + stars: | 2022-10-13 | by ( Casey Hall | ) www.reuters.com time to read: +3 min

SHANGHAI, Oct 14 (Reuters) - Chinese consumers are typically known for lavish spending on high-end handbags, clothes and accessories that sustain Western luxury brands. Brands that have jumped on the trend include Kweichow Moutai (600519.SS), best known for $300 bottles of baijiu, the Chinese spirit popular at banquets. It debuted baijiu-infused ice cream at $10 a cup in May, racking up 2.5 million yuan ($350,000) of sales on the first day. Chinese consumers are "spoiling themselves with those little things and they're loving something novel," said Mark Tanner, founder of marketing agency China Skinny. "When times aren't so good, people want to feel better, guilty pleasures like ice cream can help," said Low.

☆ RBC Capital's Gerard Cassidy breaks down what to expect from big bank earnings
▼ + stars: | 2022-10-13 | 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 EmailRBC Capital's Gerard Cassidy breaks down what to expect from big bank earningsGerard Cassidy, RBC Capital Markets head of U.S. bank equity strategy, joins CNBC's 'Squawk Box' to break down his expectations for a round of forthcoming bank earnings on Friday.

☆ Western Democracy Is Revolting Against Itself
▼ + stars: | 2022-10-11 | by ( Gerard Baker | ) www.wsj.com time to read: +1 min

☆ Elon Musk's trove of private text messages is a bad look for him — and another win for Twitter, experts say
▼ + stars: | 2022-09-30 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Hundreds of Elon Musk's texts could work against him in his court battle with Twitter, experts say. The messages appear to show Musk was aware of issues with bots ahead of offering to buy the company. The hundreds of texts between Musk and some of Silicon Valley's most powerful players offer fresh insight into Musk's plans for Twitter. But Musk's private texts appear to tell a story that is "in tension with his lead argument," Schettenhelm told Insider. "Purging fake users will make the numbers look terrible, so restructuring should be done as a private company," he texted Taylor, according to the cache of documents released Thursday.

☆ Regulations Set to Be Issued This Year Will Determine Course of Deep-Sea Mining
▼ + stars: | 2022-09-30 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

The International Seabed Authority, a United Nations observer organization, is drawing up a regulatory framework for deep-sea mining based on data collected from explorations conducted by TMC and other ventures to inform its decisions. PREVIEWThe ISA is expected to meet member nations in March, when deep-sea exploration and its regulations are expected to be discussed. TMC started conducting pilot testing in September 2022 to determine whether deep-sea mining would harm the environment. For most mining companies, exploration licenses usually are a significant step in attracting funds, but the lack of clarity around the legality of deep-sea mining is creating a barrier. TMC remains key but not imperative to the lobbying push to change or confirm regulations on mining of the deep sea, industry participants said.

☆ In a Time of Crisis, Public Discourse Has Descended Into Nonsense
▼ + stars: | 2022-09-27 | by ( Gerard Baker | ) www.wsj.com time to read: +1 min

If I had to pick the most worrying characteristic of our current dystopia, I would choose the unsettling disconnect between the seriousness of the challenges we face and the public discourse that is supposed to be addressing them. A perilous war rages in Europe, as a failing tyrant with nuclear weapons launches desperate new waves of cannon fodder against a nation whose defense we are financing and reinforcing. In Asia, the emerging Chinese superpower is in the throes of a significant economic and social upheaval that may propel it toward the full-scale confrontation it increasingly threatens with Taiwan, an island whose people we are pledged to defend. At home we are caught in the worst of economic traps—as the Federal Reserve inflicts unavoidable monetary pain to kill the surging inflation incurred by its avoidable mistake. Meanwhile the global economy seems to be sliding into a potentially serious recession, and financial markets are eroding our wealth at a dizzying pace.

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