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☆ World’s top climate scientists issue ‘survival guide for humanity,’ call for major course correction
▼ + stars: | 2023-03-20 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

The 1.5 degrees Celsius temperature threshold is widely recognized as crucial because so-called tipping points become more likely beyond this level. In short, our world needs climate action on all fronts — everything, everywhere, all at once. But it will take a quantum leap in climate action." He added, "In short, our world needs climate action on all fronts — everything, everywhere, all at once." "Climate justice is crucial because those who have contributed least to climate change are being disproportionately affected," said Aditi Mukherji, one of the 93 authors of this Synthesis Report.

☆ General Motors' China business is hurting, and it's not just because of Covid
▼ + stars: | 2023-03-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

He purchased his Nio over models from rival Chinese automakers Xpeng , Li Auto and IM Motors. GM's operations in the country are much larger than those of its crosstown rival Ford Motor, for example. Equity income from GM's Chinese operations and joint ventures has fallen 67% since its peak of more than $2 billion in 2014 and 2015. And the rising quality of domestic-made electric vehicles helped support — and tap — growing nationalistic pride among China's consumers. In February, Ford named Sam Wu, a former Whirlpool executive who joined the automaker in October, as president and chief executive of its China operations, starting March 1.

☆ Here are Wednesday's biggest analyst calls: Charles Schwab, Meta, Nike, Netflix, Truist, FedEx & more
▼ + stars: | 2023-03-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Oppenheimer reiterates Netflix as outperform Oppenheimer said investors should buy the dip in Netflix shares. Bank of America upgrades W.R. Berkley to buy from neutral Bank of America said buy the dip in shares of the insurance company. "A recent sell-off in financial and insurers more specifically gives an opportunity to upgrade shares of WRB." Deutsche Bank reiterates Nike as buy Deutsche said it's staying bullish on shares of Nike heading into earnings next week. Bank of America reiterates FedEx as buy Bank of America said it's standing by its buy rating on FedEx heading into earnings on Thursday.

☆ Buy the dip in American Express shares, Wells Fargo says
▼ + stars: | 2023-03-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

American Express is showing "strength in uncertain times," according to Wells Fargo, which is confident in the stock following an investor meeting with Chairman and CEO Stephen Squeri and Chief Financial Officer Jeff Campbell. Fandetti maintained his overweight rating on American Express, and reiterated his price target of $200 per share, implying 27% upside from Monday's close. He added that despite the "turmoil" in U.S. banking following the failure of SVB and Signature Bank that spurred a broad selloff in financial stocks, American Express was confident in its business outlook. Wells Fargo believes that American Express' advantage around small and premium business customers is strengthening, making it more difficult for its competitors to catch up. American Express shares were up 1.8% on Tuesday before the market open.

☆ How this former Adidas executive is tackling the biggest problem in footwear with biodegradable sneakers
▼ + stars: | 2023-03-10 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

"It's a first of its kind," Liedtke told Insider. The Unless shoe, which retails for $139, was made in partnership with Natural Fiber Welding, which makes various materials from natural products, including plants and minerals. Jonathan Leibson/Getty Images for ADIDAS"This is a game changer," industry analyst and ARCH-USA founder Chris Burns previously told Insider. "What's unique about what Eric has done in the footwear industry is paid attention to every single component of the shoe," Natural Fiber Welding President Steve Zika previously told Insider. Last April, Natural Fiber Welding announced an $85 million Series B investment round.

☆ Layoffs are still historically low, so why does it feel like everyone's losing their job?
▼ + stars: | 2023-03-09 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The layoffs and discharges rate in January was 1.1%, which remains historically low. While BLS data may show a low US layoff rate overall, tech layoff announcements are important, given Pollak said that tech and finance are "synonymous with Americans' aspirations generally." "Those markets are very exposed to tech layoffs, and tech plays a disproportionate role in the economy," Terrazas added. Pollak told Insider that the layoffs at tech companies are "relatively small" and that "many companies also are not pursuing layoffs across the board." Despite the layoff rate being very low, job seekers may still be concerned about these headlines.

☆ Oil chief leading COP28 climate summit urges energy industry to 'up its game' to reduce emissions
▼ + stars: | 2023-03-07 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

"Alongside all industries, the oil and gas sector needs to up its game, do more and do it faster," Abu Dhabi National Oil Company CEO Sultan al-Jaber said during a keynote speech at CERAWeek. The chief executive of one of the world's biggest oil companies, who will lead talks at the COP28 climate summit later this year, called on the energy industry to "up its game" to reduce emissions. The head of the United Arab Emirates' state oil company was seen as a controversial choice to lead the COP28 climate talks in Dubai later this year. The UAE, the third largest producer of the OPEC oil alliance, will host the U.N.-brokered climate talks from Nov. 30 through to Dec. 12. The COP28 summit will see the first global stocktake since the 2015 Paris Agreement.

☆ China gives itself easy GDP homework
▼ + stars: | 2023-03-06 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, March 6 (Reuters Breakingviews) - China aims to grow GDP by “around 5%” in 2023, which might seem low given last year’s 3% marked the country’s weakest performance in decades. Chen Long of Plenum China notes that the annual work report, usually an important window into the economy and official priorities for the year ahead, dedicates only six pages to discussing the future, compared to 22 pages last year. That may be because Premier Li Keqiang, who gives the work report, is on his way out along with other reformers. By keeping goals conservative and methods vaguer than usual, the government makes it harder for newcomers to fail. The government is aiming for a 2023 budget deficit target of 3% of gross domestic product, according to the report, widening from a deficit goal of around 2.8% last year.

☆ Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024
▼ + stars: | 2023-03-06 | by ( David Marchese | ) www.nytimes.com time to read: +23 min

Photo illustration by Bráulio Amado Talk Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024For a good long time during the George W. Bush and Obama presidencies, Paul Ryan was considered one of the intellectual leaders and shining stars of the Republican Party. Get out of this race.” But I don’t think Trump is going to get the nomination. I don’t think we want the lack of liberty that comes with government-made equality. Where I part company with the left is I don’t believe in socialism. I don’t believe in equality of outcomes.

☆ FIFA appointment of supermodel Lima 'baffling' - ex-Council member Dodd
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

March 2 (Reuters) - FIFA's appointment of supermodel Adriana Lima as its global fan ambassador in a Women's World Cup year is "baffling" and sends the wrong message to players and fans, former FIFA Council member Moya Dodd said. "I asked whether the FIFA ambassador will be delivering messages on body image, wellbeing and healthy eating. A prominent women's soccer advocate, Dodd represented Australia 24 times from 1986-95 and played in FIFA's women's invitational tournament in 1988, three years before the inaugural Women's World Cup. "In a FIFA World Cup year, that's the message that should be ringing loud and true around the world. This month, Dodd criticised FIFA for a lack of understanding of the women's game amid reports that Saudi Arabia's tourism authority would sponsor the July 20-Aug. 20 World Cup.

☆ Being a digital nomad isn't just for singles. Here's how families make it work
▼ + stars: | 2023-03-01 | by ( Chris Dwyer | ) www.cnbc.com time to read: +6 min

To many, the lifestyle of a "digital nomad" is an aspirational one — you can live anywhere in the world, visa permitting, with your laptop as your office. But one factor deters many from the lifestyle: kids. He added that now more resources exist to help people learn about the digital nomad lifestyle, thanks to its growing popularity. Elledge-Penner family: 20 countriesThe beautiful Indonesian island of Bali, famed for its laidback lifestyle, is a popular destination for digital nomads. Penner said the key to making the lifestyle work for them is "connecting with people" and not approaching places "as a travel highlight hit list."

☆ Tesla and Elon Musk sued by shareholders over Autopilot safety risks after a $38 billion drop in market value, report says
▼ + stars: | 2023-02-28 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Tesla shareholders are suing the EV maker and its CEO Elon Musk over its claimed self-driving capabilities. Tesla's self-driving technology is suspected to be the cause of several high-profile accidents, which have forced recalls by regulators. That coincided with a 5.7% drop in its stock price, equivalent to a $38.6 billion drop in market value for the company. According to Reuters, shareholders argued that the drop in stocks was one of several instances where shareholder value was harmed by the company's self-driving claims. Scrutiny has grown on self-driving technology in recent months, with Tesla's own cofounder Martin Eberhard calling it "crap."

Republican House Speaker Kevin McCarthy has vowed not to allow an increase in the $31.4 trillion legal limit on federal borrowing without an agreement from President Joe Biden's Democrats in Congress to rein in federal spending. Failing to lift the debt ceiling could trigger a default on the federal government's debt that would take a heavy toll on the American and probably world economies. Vought, whose plan also calls for $150 billion in cuts, said Democratic control of the Senate makes limited austerity more politically realistic. Another Budget Committee Republican, Freedom Caucus member Ralph Norman, described in general terms a debt-ceiling playbook, backed by other conservatives, that aligned with Vought's plan. McCarthy spokesman Mark Bednar said federal spending growth was "entirely unsustainable, and House Republicans were elected to bring it to an end."

☆ Tesla recalling nearly 363,000 vehicles equipped with ‘Full Self-Driving’
▼ + stars: | 2023-02-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Tesla is recalling nearly 363,000 vehicles with its so-called “Full Self Driving” driver assist feature due to risks it can pose at intersections, even if the driver is paying attention and ready to take over control of the car. Tesla will attempt to fix the the FSD feature, which costs $15,000, through an over-the-air software update, the notice added. NHTSA itself has identified at least 273 crashes that involved one of Tesla’s driver assist systems. Tesla owners have filed a class-action lawsuit over the predictions and missed deadlines, which is still pending. Tesla, which has disbanded its public relations staff and has not responded to press inquiries for several years, could not be reached for comment.

Choice PrivilegesWells Fargo will soon launch a new co-branded credit card with Choice Privileges, the loyalty program of Choice Hotels. Now, Choice and Wells Fargo are teaming up to launch the new Choice Privileges® Mastercard® this spring. Here's what to know about Wells Fargo's new Choice Privileges credit card, and what its arrival means for those who already have the Barclays Choice credit card. Wells Fargo Choice Privileges Mastercard coming soonThe Choice Privileges® Mastercard® will open to applications by May 1, 2023, and at that time, existing Barclays cardholders will be converted to the new card. Unless you stay at Choice Hotels properties frequently, you'll probably want to give the Choice Privileges® Mastercard® a skip.

☆ Aspirational luxury brands doing well despite inflation, says Jan Kniffen
▼ + stars: | 2023-02-15 | 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 EmailAspirational luxury brands doing well despite inflation, says Jan KniffenJan Kniffen, CEO of J. Rogers Kniffen Worldwide, joins 'Squawk Box' to discuss inflations impact on consumer discretionary spending, luxury retail doing better than low end, and Pharrell Williams taking over LVMH's artistic direction.

[1/2] A man looks at a window display outside a Gucci store, part of the Kering group, at Tsim Sha Tsui shopping district in Hong Kong January 17, 2013. But while Gucci, which accounts for the bulk of profits and revenues at Kering, was the only brand to post a fall in sales, analysts said other labels too posted lower-than-forecast results. Kering said sales fell by 15% in North America in the fourth quarter and by 19% in Asia Pacific. But the situation has been more complicated for Kering, since Gucci relies more heavily on China than competitors. LVMH's fashion and leather goods division, home to Louis Vuitton and Dior, grew sales by 10% over the fourth quarter.

You can earn Marriott points from paid stays, co-branded credit cards, or flexible points transfers. How to earn Marriott pointsEarn points from Marriott Bonvoy hotel staysThere are plenty of different ways to earn Marriott points, but let's start with the simplest: earning points on hotel stays. Award can be used for one night (redemption level at or under 85,000 Marriott Bonvoy points) at hotels participating in Marriott Bonvoy®. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. 6X Marriott Bonvoy Points on purchases at hotels participating in Marriott Bonvoy4X Marriott Bonvoy Points on up to $15,000 in combined purchases per year at restaurants worldwide and at U.S. supermarkets2X Marriott Bonvoy Points on all other eligible purchases1,000 Marriott Bonvoy Bonus Points with each qualifying stayComplimentary Gold Elite statusA Free Night Award (redemption level at or under 50,000 Marriott Bonvoy Points) after making $15,000 in purchases per year.

☆ An estimated $16 billion worth of bets will be placed on the Super Bowl
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

New York CNN —With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. But how will casino and online/mobile sports betting companies stand out in an increasingly crowded field? “We have prepared for this Super Bowl like never before,” Greenblatt said. That’s more than double the number of wagers on last year’s Super Bowl. That’s different from 2021 when customer growth was being rewarded.”That being said, both DraftKings and FanDuel still plan to advertise during this year’s Super Bowl.

☆ Neiman Marcus says it's only targeting ultra-wealthy customers who can spend around $27,000 a year at the retailer
▼ + stars: | 2023-02-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Neiman Marcus is only going after millionaire shoppers who spend upwards of $27,000 there per year. Neiman Marcus was an early pandemic casualty, filing for then emerging from bankruptcy in 2020. He added that many Neiman Marcus' customers shop there 25 times per year. Like many of its fellow department stores, Neiman Marcus had operated an outlet chain, Neiman Marcus Last Call, where shoppers could find discounted designer wares. "We made a clear choice that we're going to do one thing and do it well," van Raemdonck said.

Review: Is the US Bank Altitude Connect the Best Credit Card for You? How to Earn Rewards From the US Bank Altitude Connect CardThe U.S. Bank Altitude Connect has a straightforward earning structure that awards bonus points in popular spending categories. Read our review Read Our Review A looong arrow, pointing rightFees and CostsThe U.S. Bank Altitude Connect has an annual fee of $0 intro for the first year, then $95. Is the US Bank Altitude Connect card worth it? If you're looking for a metal card from US Bank, consider the U.S. Bank Altitude® Go Visa Signature® Card or U.S. Bank Altitude® Reserve Visa Infinite® Card instead.

☆ The return of El Nino could make the world even hotter — endangering a critical climate threshold
▼ + stars: | 2023-02-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

The El Nino Southern Oscillation system is composed of El Nino and La Nina — two opposite states of fluctuation in the Earth's climate system, which can have significant consequences on weather, wildfires, ecosystems and economies across the world. An El Nino event is declared when sea temperatures in the tropical eastern Pacific rise 0.5 degrees Celsius above the long-term average. The warmest year ever recorded, 2016, started off with a powerful El Nino that helped to boost global temperatures. This lagged effect is why forecasters believe 2024 could be the first year that humanity surpasses 1.5 degrees Celsius. Weather conditions are likely to be drier than average in Indonesia during an El Nino event as rainfall moves out to the Pacific Ocean.

☆ Shania Twain dreams up joyful new music for post-pandemic celebrations
▼ + stars: | 2023-02-07 | by ( Rollo Ross | ) www.reuters.com time to read: +1 min

LOS ANGELES, Feb 7 (Reuters) - After a life-threatening bout of COVID-19, five-time Grammy winner Shania Twain hopes to bring joy to the world with her new album "Queen of Me". But instead of navel gazing, Twain, 57, said she put herself in a playful frame of mind. That's the mode I'm in and I sense it with the fans as well," she said. "When I'm getting into the songwriting mode, I'm just dreaming. The country music phenomenon is ready to tour the world with her new album, starting out in Spokane, Washington, in April and finishing in Vancouver, British Columbia, in mid-November.

☆ How to snag discounts through Beni, an online shopping tool that hunts for resale deals on Poshmark, eBay, and The RealReal
▼ + stars: | 2023-02-06 | by ( Danni Santana | ) www.businessinsider.com time to read: +5 min

Beni, a browser extension, helps shoppers curate resale listings while browsing retail sites online. BeniShoppers are required to download the Beni extension on Google Chrome or Safari. Then, they must enable the extension while shopping online to view resale listings. "So let's say you find a Patagonia jacket that you really love, we'd show you 20 jackets often that are exactly the same from places like eBay or The RealReal," Pinner said. In return for real-time listings data, Beni markets new resale items to customers as they shop outside of their platforms.

☆ Meet the DINKWADs: The TikTok legion making everyone jealous with their double incomes, no kids, and a dog
▼ + stars: | 2023-02-04 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

There's a new American Dream: Becoming a DINKWAD — double income, no kids, with a dog. It stands for double income, no kids, with a dog. You can also be a DINK — double income, no kids — or a SINK, meaning single income, no kids. And then I heard the phrase DINKWAD, which is double income, no kids, with a dog. There's an increasing acceptability of not having children; there's a decreasing stigma around not having children," Pamela Aronson, a professor of sociology and an affiliate of women's and gender studies at the University of Michigan-Dearborn, told Insider.

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