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☆ Investors who stuck it out for Musk's Twitter deal set to reap rewards
▼ + stars: | 2022-10-28 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +4 min

[1/3] The Twitter logo is seen on the floor at the New York Stock Exchange in New York, November 7, 2013. If the deal had collapsed, the price floor for Twitter stock would have been "unknown", White said, adding that investors waged their risk on Delaware Chancery court, where corporate disputes are resolved. Investors sold 107,626 million Twitter shares in the second quarter, regulatory filings and Symmetric.io data show, with activist investors and tech oriented funds leading the sales. As the stock price dropped early in the third quarter, some investors saw a chance to buy in for cheap. that Twitter investors were not trapped.

☆ Greenlight's Einhorn optimistic Twitter deal with Musk will close
▼ + stars: | 2022-10-21 | by ( Nupur Anand | ) www.reuters.com time to read: +2 min

Einhorn told his investors in August that he had bought a stake in Twitter, and now said he believes the lawsuit in Delaware that could decide the fate of the deal "is going well for TWTR." Register now for FREE unlimited access to Reuters.com RegisterEarlier this month, Musk reversed course again and said he would proceed with the deal on original terms. A Delaware judge ordered a pause to Twitter's lawsuit against Musk, giving the billionaire until Oct. 28 to close the deal. "We expect that one way or another, the deal will close at or near the originally agreed upon price," Greenlight said, referring to the $54.20 price per share the deal was originally proposed. Greenlight's manager said the investment in Twitter is "inherently short-term," adding the hedge fund plans to exit its position upon resolution of the platform sale.

☆ Hedge fund star David Einhorn expects stocks to tumble - and warns unchecked inflation risks a market meltdown
▼ + stars: | 2022-10-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

David Einhorn rang the alarm on stocks, inflation, and the Fed's interest-rate hikes. Einhorn warned stubborn inflation could spark a currency or sovereign-bond crisis. He said the Fed seems intent on lowering stock prices as it works to crush inflation, which surged to a 40-year high of 9.1% in June, and remained above 8% in September. "We remain concerned that the current inflation problem could evolve into a currency and/or sovereign debt crisis," Einhorn said. Einhorn has previously said US investors face an economic downturn, stubborn inflation, and the growing risk of a global financial meltdown.

☆ Greenlight Capital's David Einhorn urges investors to sell stocks
▼ + stars: | 2022-10-20 | 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 EmailGreenlight Capital's David Einhorn urges investors to sell stocksCNBC’s ‘Halftime Report’ investment committee, Shannon Saccocia, Josh Brown and Jim Lebenthal, discuss Greenlight Capital co-founder David Einhorn's statement in which he urged investors to sell stocks.

☆ David Einhorn says he's bearish because the Fed's 'official policy is to make the stock market go down'
▼ + stars: | 2022-10-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn, who is crushing the market with double-digit returns this year, is selling stocks as the Federal Reserve continues to deflate the market with aggressive rate hikes. However, higher interest rates also discourage investments and in turn crunch supply, which is most evident in the housing market. "The most glaring area might be in housing, where higher rates lead to reduced supply despite widespread shortage," Einhorn said. That compares with a 23.9% decline for the S & P 500 during the same period as the benchmark tumbled into a bear market. Further, high short-term interest rates provide competition for gold," Einhorn said.

☆ Russia's Sistema buys $256 mln stake in Melon Fashion Group after scrapped IPO
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Oct 19 (Reuters) - Russian telecoms-to-healthcare conglomerate Sistema (AFKS.MM) agreed a $256-million deal for a stake in Melon Fashion Group on Wednesday, months after the retail outlet scrapped plans for an initial public offering (IPO) due to the conflict in Ukraine. It will secure around 193 million euros ($189 million) for its 36% stake, Eastnine said in a statement. Sistema President Tagir Sitdekov said Melon Fashion Group "is growing fast and demonstrating operational excellence", and said Sistema had the right experience to continue developing the company. The deal is expected to complete by the end of 2022, Sistema and Eastnine said in separate statements.

"The Hezbollah leadership scrutinized the understanding line by line before agreeing to it," said one of the sources familiar with the group's thinking. Two Hezbollah lawmakers told Reuters the group was open to the idea of a deal as a pathway to alleviate some of Lebanon’s economic woes. At one point, Hezbollah conveyed its frustration at the slow pace of the talks to Hochstein via Ibrahim, the Western source said. A U.S. official told Reuters Hezbollah had nearly "killed the deal with their provocative rhetoric and actions threatening war". "Once the pipes are in the water, war becomes a long way away," said a source familiar with Hezbollah's thinking.

☆ Russia needs permission for its ships to probe Nord Stream ruptures - Novak
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, Oct 14 (Reuters) - Russia needs permission for its vessels to conduct investigations into explosions that damaged Nord Stream pipelines in the Baltic Sea, Deputy Prime Minister Alexander Novak said on Friday. He did not specify who should grant the permission but Nord Stream AG, the operator of the older Nord Stream 1 pipeline, said last week that the owner of a survey vessel it chartered did not have the greenlight from the Norwegian foreign ministry to depart and start assessing ruptures to the pipelines. The Danish foreign ministry said on Thursday "the Russian wish to participate in the investigation of the Nord Stream leaks has been brought up through diplomatic channels in Moscow and Copenhagen". The cause of the damage to the Nord Stream pipelines remains unclear, but European Union countries have said they suspect sabotage, while Russia has called the incidents an "act of international terrorism" and blamed the West. Register now for FREE unlimited access to Reuters.com RegisterReporting by Olesya Astakhova; writing by Vladimir Soldatkin Editing by Gareth Jones and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ Elite investor David Einhorn expects an economic slump and sticky inflation - and says the risk of a global financial meltdown is growing
▼ + stars: | 2022-10-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

David Einhorn said the US economy is slowing down and inflation is here to stay. Einhorn pointed to red flags in global bond markets and warned a disaster may be coming. Einhorn also bemoaned a widespread decline in value investing, which centers on identifying undervalued companies based on their fundamentals. The combination of heady valuations, stubborn inflation, rising interest rates, and large amounts of debt could reveal cracks in the global financial system, Einhorn said. "When you have a down cycle is when these things tend to metastasize."

☆ Bringing ads to Netflix and Disney+ could shake up the mix of shows and movies at the streaming giants. Here's what it means for Hollywood.
▼ + stars: | 2022-10-11 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +8 min

Media experts say forays into ad-based streaming will influence content strategies at Netflix and Disney+. Netflix and Disney+ are readying services with ads to expand their appeal and revenue opportunities amid softening subscriber growth. Hollywood should pay close attention to what this may mean for selling shows and movies to the entertainment industry's dominant players. Ultimately, experts predicted, it will take at least a year or two for the influence of advertisers to be felt in the streamers' content mix. Do you work for an entertainment company like Netflix or Disney+?

☆ Chinese regulator gives greenlight to fund targeting Korean chipmakers
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Oct 10 (Reuters) - China's securities regulator has given the greenlight to the country's first mutual fund targeting top Chinese and South Korean chipmakers, an official at Huatai-PineBridge Fund Management Co said, amid an escalating Sino-U.S. tech war. The China Securities Regulatory Commission's approval comes amid heightened geopolitical tensions between the world's two largest economies. The exchange-traded fund (ETF) will invest in top Korean semiconductor firms including Samsung Electronics Co (005930.KS) and SK Hynix Inc (000660.KS), as well as Chinese chipmaking giants such as Semiconductor Manufacturing International Corp and Montage Technology Co (688008.SS). In 2021, South Korea was China's second-biggest exporting country in equipments, including chipmaking tools, and Chinese exports to South Korea have also been rising, the fund manager said. South Korea said on Saturday there would be no significant disruption to equipment supply for Samsung and SK Hynix's existing chip production in China from the U.S. move.

☆ The new allowance rule? Allow for inflation
▼ + stars: | 2022-09-29 | by ( Chris Taylor | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/IllustrationNEW YORK, Sept 29 (Reuters) - If you are feeling the effects of inflation, here is a news flash: Your kid is, too. The year-over-year inflation rate in August was 8.3% – dipping slightly from previous highs, but still eating into parents’ paychecks. Which begs the question: How much should parents factor inflation into their allowance-setting decisions, if at all? After all, the 3.5% year-over-year allowance bump doesn’t really reflect the full scope of all the inflationary pressures out there. “So parents might be giving them extra jobs outside their allowances, in order to compensate for inflation,” he says.

☆ Credit Suisse bankers are preparing for 'Uli the Knife' to carve up the investment bank.
▼ + stars: | 2022-09-26 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

It's a tense time for many insiders at Credit Suisse. One person told me it's a case of "rinse and repeat," as Credit Suisse undergoes its second strategic review in less than a year. Law firm sued Credit Suisse over claims it misled investors on business dealings related to Russian oligarchs. Among the plans reported to be under consideration are a three-way split of the investment bank, according to the Financial Times. Under Chief Executive Ulrich Körner, Credit Suisse wants to transform its investment bank into a "capital-light, advisory-led banking business."

Despite the growth and consumer power of U.S. Latinos, they continue to be significantly underrepresented in media, according to a new report. On TV shows, Latinos made up 3.1% of lead actors, 2.1% of co-leads/ensemble actors and 1.5% of showrunners. There are no Latino CEOs or film and production company chairs, important decision-making roles that help greenlight stories and steer content. Amid the lack of representation, more Latinos are turning to social media platforms and brands for content, such as YouTube, TikTok and Snapchat, the report found. The report also noted that 11 of the 20 most streamed songs of the summer, according to Spotify, are by Latino artists.

☆ How Does Life Insurance Work and What to Know Before You Buy
▼ + stars: | 2022-09-23 | by ( ) www.wsj.com time to read: +14 min

What to know about life insuranceTerm vs. permanent life insuranceThe two main types of life insurance are term and permanent. Permanent life insurancePermanent life insurance comes in four main variations: whole, variable, universal and variable universal. How to buy life insuranceYou may already have free term life insurance through your employer. A life insurance policy you buy from a private company stays with you for as long as you make payments. How life insurance pays outBeneficiaries have a few choices of how to receive a life insurance payout.

☆ Bank of Italy clears Benetton-Blackstone's bid for Atlantia
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

The logo of Italian infrastructure group Atlantia is seen outside its headquarters in Rome, Italy, October 5, 2020. REUTERS/Guglielmo Mangiapane/File PhotoMILAN, Sept 21 (Reuters) - The Bank of Italy has cleared a multi-billion euro buyout bid for infrastructure group Atlantia (ATL.MI) proposed by the Benetton family and U.S. fund Blackstone , the two bidders said in a statement on Wednesday. read moreThe bid heralds a new phase for Atlantia which sold its domestic motorway unit earlier this year to draw a line under a political dispute sparked by a deadly bridge collapse in 2018. The Benetton family, which already owns 33% of Atlantia, and Blackstone need to get the final go ahead from Italy's market watchdog Consob before they can launch the bid on the stock market. The proposed bid needed Bank of Italy's greenlight because the central bank oversees some activities of Atlantia's digital toll payment unit Telepass.

☆ Netflix insiders reveal how the streamer uses data to drive creative decisions, with 'contentious' debates over renewals and reliance on a sometimes 'flawed science'
▼ + stars: | 2022-09-21 | by ( Elaine Low | ) www.businessinsider.com time to read: +7 min

Discussions about renewing shows can be "contentious" between creative execs and data analysts. "When you want to buy a project, they will do an analysis and do a budget ballpark on it," one former Netflix exec told Insider. Compared to similar teams at traditional production companies and Hollywood studios and networks, Netflix's CS&A execs have more of a front-row seat in creative discussions, insiders said. At legacy studios, deciding whether or not to greenlight a show or acquire a film is "much more of a gut instinct," said a second former Netflix exec. That can be particularly useful when assessing whether to acquire certain IP, said a third former Netflix exec.

☆ Wall Street's biggest investors fear an economic nightmare is coming. They may be right.
▼ + stars: | 2022-09-18 | by ( Linette Lopez | ) www.businessinsider.com time to read: +9 min

The Federal Reserve — for reasons ranging from a fragile job market to the government's debt — can't aggressively shake higher prices out of the system. So it kept interest rates at 0% to spur financial activity and growth. Chairman Jerome Powell and his band have been raising interest rates fairly quickly, but the main Fed interest rate is still just 2.5%. It's a limbo of stubbornly high inflation and higher interest rates. If Einhorn, Bianchi, and Melosi are right, we could be in economic limbo of stubbornly high inflation and higher interest rates for a while.

☆ Here’s our September rapid-fire update on all 33 stocks in Cramer’s Charitable Trust portfolio
▼ + stars: | 2022-09-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Halliburton (HAL) — The only energy stock in the portfolio that we haven't trimmed in recent weeks. (See here for a full list of the stocks Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Here are the top defensive plays from heavy-hitter investors as recession fears grow
▼ + stars: | 2022-07-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Fears of a recession intensified even more after data showed the economy shrank for a second straight quarter, making a strong case for defensive stocks for investors worried about slowing growth. Defensive stocks tend to provide stable earnings and consistent dividends regardless of the state of the overall stock market and the economy. They are often well-established companies in sectors like consumer staples, health care and utilities, such as Procter & Gamble , Johnson & Johnson and Coca-Cola . Berkshire also owns relatively small stakes in Procter & Gamble, Johnson & Johnson at the end of March. Major pharmaceutical companies and insurance companies are also considered defensive stocks.

☆ Elon Musk's Starlink gets FCC green light to beam broadband into moving cars, planes, boats
▼ + stars: | 2022-07-01 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +2 min

Starlink is now allowed to beam broadband into moving vehicles, the FCC said Thursday. This means it will be possible to use Starlink in moving cars, planes, and boats. Starlink already has deals to provide in-flight WiFi to at least two airlines. Starlink uses a network of satellites in low orbit to beam down broadband to users' satellite dishes, called terminals. At launch the company said the internet service could not be used while the RV was in motion.

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