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☆ A Christian school that 'celebrates childhood' becomes killing scene in Nashville
▼ + stars: | 2023-03-27 | by ( Sharon Bernstein | ) www.reuters.com time to read: +2 min

[1/4] A child weeps while on the bus leaving The Covenant School, following a mass shooting at the school in Nashville, Tennessee, U.S. March 27, 2023. Nicole Hester/USA Today Network via REUTERSMarch 27 (Reuters) - The 200 young children enrolled at The Covenant School, a private Christian elementary school in Nashville, start each day with chapel, and study the Bible twice a week. "The beauty of a PreSchool-6th school is in its simplicity and innocence," the introductory paragraph of the school's website reads. The carnage made a stark and horrible contrast to the images of everyday life on the school's website and Facebook page. The private elementary school is affiliated with Covenant Presbyterian Church, part of an evangelical movement that branched off from the more liberal Presbyterian Church in 1981.

☆ Bank troubles roil markets and make Fed's decision next week more fraught
▼ + stars: | 2023-03-17 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

Even with Friday's sell-off, the S & P 500 and Nasdaq scored gains for the week. The S & P 500 rose 1.4%, compared to a tiny loss of 0.2% in the Dow . "If the U.S. economy is going into a recession, they're going to be buying less cloud service. On Friday, durable goods for February is reported, and there are releases of flash S & P Global PMI data for services and manufacturing. Durable goods 9:30 a.m. St. Louis Fed President James Bullard 9:45 a.m. S & P Global Manufacturing PMI 9:45 a.m. S & P Global Services PMI

☆ About Those ‘Safe’ Silicon Valley Bank Treasurys
▼ + stars: | 2023-03-15 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

One surprise for investors in the Silicon Valley Bank failure is that it didn’t hold exotic derivatives, structured debt products or other horrors that caused so much financial carnage 15 years ago. SVB held boring Treasurys and highly rated mortgage-backed securities in large quantities. Bad management and negligent oversight from the San Francisco Federal Reserve Bank played a role. But the politicians and regulators who supposedly fixed the financial system after 2008 share responsibility. The banking rules they introduced after 2008 made sovereign bonds such as Treasurys and the mortgage securities of Fannie Mae and Freddie Mac the coin of the realm for bank capital standards.

☆ North of Bakhmut, another key battle tests Ukraine's defences
▼ + stars: | 2023-03-15 | by ( Mike Collett-White | ) www.reuters.com time to read: +9 min

At the bottom of the attempted encirclement appears to be Soledar, meaning an area far larger than Bakhmut would be vulnerable. "The enemy would need a lot of forces to take this line (Sloviansk-Kramatorsk-Kostiantynivka) and therefore I think it is unlikely, given the losses the Russian troops are already suffering," he added. Russia has made only incremental gains around Bakhmut, which it has been trying to capture for eight months, and further north. He said he took part in both wars in the 1990s between Russian troops and separatists after the breakup of the Soviet Union. For now, artillery appears to hold the key to defending positions and pinning down the enemy for both sides.

☆ Wharton professor Jeremy Siegel blames the Fed for SVB's collapse - and warns of more failures and a painful recession
▼ + stars: | 2023-03-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The Fed's inflation fight was a key factor in Silicon Valley Bank's collapse, Jeremy Siegel said. Siegel flagged the growing risk of recession if the Fed keeps raising rates. Higher rates increase borrowing costs and encourage saving over spending, which typically pulls down asset prices, saps demand, and increases the risk of a recession. One of SVB's key mistakes was investing its deposits in long-duration bonds, which plunged in price as interest rates rose. They warned that if the US central bank hikes rates by 50 basis points in March, that would increase the risk of more SVB-type implosions.

☆ Top tech analyst Mark Mahaney has a new top pick
▼ + stars: | 2023-03-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Evercore ISI's Mark Mahaney has a new top pick, and it's one of last year's biggest losers: Meta Platforms . In addition, he expects Meta shares can jump 48% from Wednesday's close to his $275 price target. META 1Y mountain Meta shares 1-year Meta is outperforming this year after lagging the market and its Big Tech brethren last year. Mahaney expects investors are in search of quality names after the carnage in tech stocks last year. Of those tech stocks that have soared more than 50% in 2023, Mahaney identified Meta is a high quality name.

☆ Goldman Sachs' head of digital assets says there's still 'a little bit more pain' to come for crypto startups. Here's how he's looking for the silver lining in the industry.
▼ + stars: | 2023-03-03 | by ( Bianca Chan | Dakin Campbell | ) www.businessinsider.com time to read: +5 min

Mathew McDermott oversees Goldman Sachs' crypto and blockchain efforts. He says the worst isn't over for crypto startups. The worst isn't over yet for the crypto industry, according to Goldman Sachs' global head of digital assets. "We're going to see a little bit more pain this year as we see more people struggle" in the crypto industry, Matthew McDermott, global head of digital assets at Goldman Sachs, told Insider. But there may be a silver lining to the crypto carnage: startups running out of runway may be looking for an exit.

☆ Woody Harrelson Can Play Anyone. It’s Being Himself That’s Hard.
▼ + stars: | 2023-02-27 | by ( David Marchese | ) www.nytimes.com time to read: +17 min

“I’m an A personality and a B facade,” says Woody Harrelson, and that’s as good an explanation for his charm and success as you’re likely to find. I don’t know. I could go hang off one of those big mountaintop-remover coal things, but that’s not going to stop it. I meet with the director, and I’m going to do it — they’re making it for like $500,000 — then the guy just goes with someone else! I have a gluttonous side, and I know that’s not going to help me be a spiritually better person.

☆ 'I really want to go back to fight:' A wounded Ukrainian soldier reflects on his recovery
▼ + stars: | 2023-02-24 | by ( Amanda Macias | ) www.cnbc.com time to read: +8 min

The 6-foot-3-inch Ukrainian marine smiled and extended his right arm, a lightweight fusion of silicon, carbon fiber composites and thermoplastic. In a separate conversation with CNBC, Revived Soldiers Ukraine President Iryna Discipio said the effort to aid wounded soldiers "is extremely important." "I was in this sort of dark basement shelter with other wounded soldiers. "At that facility, there was one side for the [uninjured] imprisoned, another for wounded Ukrainian soldiers and a separate area for injured Russian soldiers." Russian troops staying in the hospital who could move on their own were allowed access to the open room where wounded Ukrainian soldiers were kept.

They were eventually forced to retreat, and in early April media images of the carnage they left behind shocked the world. The bodies of civilians littered pavements and roads, some with hands tied behind their backs. Ukraine and the West accuse Russia of war crimes in Bucha, an allegation the Kremlin denies. You try to understand what that person is thinking; if that person can actually feel," she said in her home in Bucha. The mayor of Bucha has said more than 400 civilians were killed there by Russian forces, including dozens whose bodies lay untended for weeks on and alongside Yablunska, or Apple Street.

☆ Digital video is set to top traditional TV this year. How Wall Street says to play it
▼ + stars: | 2023-02-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

As of Thursday's close, Netflix shares were up 9% year to date, while Disney , Paramount and Warner Bros. NFLX YTD mountain Netflix shares since the start if 2023 During the pandemic, the streaming industry challenged cable TV as customers cut the cord. Shares of Netflix struggled Thursday following a report from The Wall Street Journal that the company was cutting prices in over 30 countries. Disney represents another clear-cut behemoth in the space, and boasts one of the higher number of buy ratings on Wall Street. The Trade Desk is another advertising stock Wall Street is bullish on, with more than 60% of analysts giving a buy rating on the stock.

☆ Nvidia pops after strong quarter, guidance — showing why the stock still has long-term promise
▼ + stars: | 2023-02-22 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Nvidia (NVDA) reported better-than-expected fiscal 2023 fourth-quarter results after the closing bell Wednesday and a strong current-quarter forecast. As of Wednesday's close, Nvidia has been one of our best performers in 2023, up 42% this year. Essentially, this service provides customers the ability to access an Nvidia DGX super-computer with nothing more than their browsers and allows them to access Nvidia AI Enterprise for "training and deploying large language models or other AI workloads." Guidance Looking ahead to fiscal 2024 first quarter, management forecasted better-than-expected sales, adjusted gross margin and capital expenditures on a non-GAAP basis. Capital Allocation In its fiscal 2023 fourth quarter, Nvidia returned a total of $1.15 billion to shareholders via dividends and buybacks.

☆ Russia's death toll in Ukraine could be as high as 60,000. Western intel says its forces are being ripped apart by artillery and not getting proper care.
▼ + stars: | 2023-02-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Britain's defense ministry said Russian casualties in Ukraine could be as high as 200,000. They are being torn apart by artillery and not getting proper care, it added. Britain's defense ministry shared in a Friday intelligence update that Russian forces have likely suffered between 175,000 and 200,000 causalities on the battlefield. Britain's defense ministry said that between 40,000 and 60,000 Russian soldiers have been killed in the fighting. The 200,000 casualty toll offered by Britain's defense ministry echos a similar estimate provided by a top US diplomat earlier this week.

We are selling 650 shares of Coterra Energy (CTRA) at roughly $23.80 apiece, and 75 shares of Pioneer Natural Resources (PXD) at roughly $209.10 apiece. The Club is trimming oil-and-gas holdings Pioneer and Coterra on Friday, while downgrading both of their ratings to a 2 — meaning we'll be on the sidelines until a further pullback. But we will always take action if we have a concern about any of our stocks. Most oil stocks with a fixed-plus-variable dividend generated yields for shareholders well above 8% last year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Devon Energy's plunge after management fails to reassure investors makes us question our stake
▼ + stars: | 2023-02-15 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Shares of Club holding Devon Energy (DVN) fell sharply Wednesday, one day after delivering disappointing fourth quarter results , reducing its fixed-plus-variable dividend and barely buying back any stock. DVN 1Y mountain Devon Energy (DVN) 1-year performance Devon management on Wednseday did reassure investors of its commitment to financial discipline and shareholder returns. Production guidance On Devon's earnings call Wednesday morning, management said that the first quarter is expected to be the lowest production quarter of fiscal 2023. The facility is expected to be back up and running by mid-March, with no impact to second quarter production expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Putin is 'still convinced he can prevail' in Ukraine, and other nearby countries 'could be at risk of attack' if he wins, top Russia experts warn
▼ + stars: | 2023-02-15 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +3 min

The outcome of the Ukraine war will determine the safety of the wider region, Angela Stent and Fiona Hill warn. Putin's "appetite for expansion would not stop at the Ukrainian border" if Russia wins, they said in a new op-ed. They warned that nearby countries like Poland and Finland could face attack if Russia prevails. "Even now, after a year of carnage, Putin is still convinced he can prevail," Stent and Hill wrote in a new op-ed for Foreign Affairs. Putin has often pointed to Russia's imperial past when offering justifications for the war in Ukraine, at one point likening himself to Peter the Great.

☆ Putin's new recruits filling gaps in a decimated Russian unit keep bunching up into a 'pile of people' in battle, making them easy targets, Ukrainian troops say
▼ + stars: | 2023-02-15 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

The small mining town of Vuhledar is the site of ongoing fighting as Russia aims to take more territory. Ukraine's 72nd Mechanized Brigade, an armored unit, has been leading Vuhledar's defense, aided by members of the country's 68th Jaeger infantry brigade, The Guardian reported. "We can see very clearly that they're poorly trained," a senior lieutenant who goes by the call sign of Tykhyi, told The Guardian. The new recruits often "gather in one pile of people" making them easy to target, Tykhyi, 23, told The Guardian. One Ukrainian estimate cited by The Guardian suggested Russia is losing 17 soldiers for each slain Ukrainian defender.

☆ Satellite photos show carnage in Vuhledar where Russian losses are mounting amid Ukrainian defense
▼ + stars: | 2023-02-14 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Russia continues to face failure and losses in the Donetsk region near the town of Vuhledar. Satellite images show what three months of fighting in the region have done to the land. Satellite image ©2023 Maxar TechnologiesPetrivka: AfterAn aerial shot of Petrivka on Feb. 10, 2023. Satellite image ©2023 Maxar Technologies PetrivkaUkrainian forces continue to push back against Russia's head-on attacks near Vuhledar. Armored vehicles near the treeline of VuhledarArmored vehicles deployed along tree line southeast of Vuhledar on Feb. 8, 2023.

☆ Heavyweight tech battle: How Microsoft and Alphabet stack up against each other in the A.I. war
▼ + stars: | 2023-02-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +9 min

"It's a new day in search," Microsoft CEO Satya Nadella said Tuesday during an AI event held at the company's headquarters, saying that the "race starts today." So far, Microsoft is making significant headway within AI and rising in popularity in the tech world. Alphabet, he added, "got beaten to market by Microsoft" despite its investments in the space. Alphabet Microsoft may be taking the lead on AI in the near term, but investors shouldn't sleep on Alphabet just yet. "We believe GOOGL has the AI tech and scale to maintain/grow its leading user base," said Morgan Stanley's Brian Nowak in a Thursday note.

☆ Nigerian rights panel, underfunded and overmatched, begins probe of powerful military
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +11 min

REUTERS/Temilade Adelaja/File PhotoFeb 7 (Reuters) - A special panel named by Nigeria's National Human Rights Commission launched an investigation Tuesday into recent Reuters reports on rights abuses by the country’s army. Nigerian military leaders said the abortion program did not exist and that children were never targeted for killing. The U.S. defense and state departments, the United Nations Secretary-General, the German foreign minister, Amnesty International and Human Rights Watch all called for Nigeria to investigate the Reuters findings. In a 2002 paper, two Nigerian scholars called the body "a red herring” to distract from human rights violations. In 2013, the military allegedly killed as many as 200 civilians in the town of Baga, in northeastern Borno state.

☆ A company-wide Zoom meeting versus individual calls: Insiders reveal how multi-billion-dollar startups Clari and Workato slashed jobs.
▼ + stars: | 2023-02-06 | by ( April Joyner | Stephanie Palazzolo | Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Unicorns Clari and Workato are among the latest startups to cut jobs. Workato laid off 10 percent of its workforce, and Clari had its second round of cuts in a year. Clari's layoffs caught the startup's staffers off guard, according to one employee Insider spoke to. Though the layoffs were unexpected, the former Workato employee said, they appreciated the way the company delivered the news. The former Clari employee Insider spoke with said that the spate of layoffs had prompted them to reconsider their dedication to the tech industry.

☆ The current job market is a ‘juggernaut,’ economist says. Here are 6 things to know as a jobseeker
▼ + stars: | 2023-02-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Unemployment is at historic lowsThe unemployment rate fell to 3.4% in January — the lowest since May 1969. In fact, you'd have to go back to October 1953 to find a lower unemployment rate (3.1%). "The job market is still strong, and workers have opportunities to go out and find a job that's a better fit for them," Zhao said. "The thing that strikes me the most about the labor market is there aren't layoffs," said Mark Zandi, chief economist at Moody's Analytics. That's not necessarily a bad sign — the job market was also strong in the run-up to the pandemic.

A new trading year kicked off just weeks ago. After languishing throughout last year, growth stocks have zoomed higher. Tesla Inc. and Nvidia Corp., for example, have jumped more than 30%. The outlook for bonds is brightening after a historic rout. Even bitcoin has rallied, despite ongoing effects from the collapse of the crypto exchange FTX.

☆ This year's market can actually distinguish between good and bad news — listen to the 'Homestretch'
▼ + stars: | 2023-01-27 | 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 EmailThis year's market can actually distinguish between good and bad news — listen to the 'Homestretch'Jim Cramer points out as evidence that investors realize Intel's terrible quarter is an Intel problem, not an industry shift. Last year, bad news of any kind would have meant carnage on Wall Street. A transcript will be added shortly.

☆ Crypto diehards aren't shaken by the turmoil. These 8 Web3 startup founders see it as an opportunity to modernize payments and games, and give creators more power over how they get paid.
▼ + stars: | 2023-01-27 | by ( April Joyner | ) www.businessinsider.com time to read: +2 min

Despite a string of high-profile collapses in the crypto industry, Web3 founders remain optimistic. They said they believed Web3 can make the global economy more accessible and enhance creativity. Yet little of this seems to faze the people seeking to build crypto and Web3 businesses in this environment, despite some venture capitalists reconsidering their level of investment in crypto and Web3. Countless founders have insisted that crypto has gotten too much attention for its excesses and blowups and not enough for its potential. So we decided to ask a few founders why they're still so bullish on crypto even after the turmoil of the past year.

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