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☆ How to identify the 12 stages of burnout before it gets out of control
▼ + stars: | 2023-04-26 | by ( Melody Wilding | ) www.businessinsider.com time to read: +6 min

She describes the 12 stages of burnout, a model developed by psychologist Herbert Freudenberger. There are actually 12 stages of burnout. Stage 1: Excessive ambitionThe first of the 12 stages of burnout begins in a seemingly harmless way – with enthusiasm toward your work. Stage 12: Full burnout syndromeFull Burnout Syndrome occurs when you reach a breaking point. Take a moment to reflectWhich of the 12 stages of burnout do you see yourself in?

☆ The Champions League Ventures Down Memory Lane
▼ + stars: | 2023-04-21 | by ( Rory Smith | ) www.nytimes.com time to read: +2 min

Bayern Munich will not take this well. The club is unlikely to shrug its shoulders at being eliminated from not only the Champions League but the German cup, too, in the space of a few days. Thomas Tuchel, freshly installed as Nagelsmann’s replacement, should be safe for now, but all around him will be a blur of change. There was a sense, watching Manchester City hold Bayern at bay on Wednesday evening, of two clubs moving in opposite directions. Like Juventus and Barcelona before it, Bayern Munich will at some point bow to, or be bowed by, England’s economic primacy.

TOKYO, April 19 (Reuters) - The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates. "We still think that over the medium- to long-term that the dollar is going to continue to come under considerable amounts of pressure. Wednesday data showed British consumer price inflation eased less than expected in March to 10.1% from February's 10.4%, meaning Britain has western Europe's highest rate of consumer inflation. Deutsche Bank on Wednesday revised up expectations for British rates to include two more 25 basis point rate hikes from the Bank of England. Currency bid prices at 2:42PM (1842 GMT)Reporting by Kevin Buckland; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

SINGAPORE, April 17 (Reuters) - The dollar edged higher on Monday after the April survey of business activity in New York state rose for the first time in five months and bolstered expectations the Federal Reserve will raise interest rates in May. The new orders index rose 47 points to 25.1, while the shipments index added 37 points to 23.9, substantial increases after they had declined in recent months, the Federal Reserve Bank of New York said. "It's the best reading since last July with a big jump in orders and has taken the dollar higher on this," said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. The outlook of U.S. interest rates relative to the monetary policies and economies of other countries can boost or erode the dollar's value. The Mexican peso lost 0.51% versus the dollar to trade at 18.12, while the Canadian dollar fell 0.31% versus the greenback to 1.34 per dollar.

☆ Dollar, yields gain as likelihood of Fed rate hike rises
▼ + stars: | 2023-04-14 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

Gold pulled back from near record highs as the dollar bounced and Fed Governor Christopher Waller added weight to the prospect of another rate hike, saying the central bank's lack of progress on slowing inflation meant rates needed to move higher. While the economic data suggests the U.S. economy is slowing and next month's expected rate hike may be its last, how long rates stay at the highest since the onset of the global financial crisis in 2007 is unclear. "The Fed is going to stay higher than it's forecast. The 10-year German bund's yield rose to 2.433%, helping the benchmark post its biggest weekly rise since late September. U.S. crude settled up 36 cents at $82.52 a barrel, while Brent rose 22 cents to settle at $86.31.

☆ Dollar, yields gain as expectations of Fed rate hike increase
▼ + stars: | 2023-04-14 | by ( Herbert Lash | ) www.reuters.com time to read: +3 min

Retail sales fell 1.0% last month, the Commerce Department said. Data for February was revised up to show retail sales falling 0.2% instead of 0.4% as previously reported. The yield on two-year Treasuries, which reflect interest rate expectations, rose 12 basis points to 4.097%, while on benchmark 10-year notes they rose 6.4 basis points to 3.515%. "The first quarter is going to be better than lowered expectations, which is good, but the guidance at best will be uncertain," Conger said. Atlanta Fed President Raphael Bostic told Reuters that one more quarter percentage point interest rate hike could allow the Fed to end its tightening cycle.

US inflation, Fed rates and marketsU.S. stocks ended sharply higher on optimism the Fed could be nearing the end of its aggressive rate hiking cycle. The yield on two-year Treasuries , which reflect the outlook on interest rates, rose 0.5 basis point to 3.977% and 3.3 basis points to 3.454% on 10-year notes . "That's why we do not have those dramatic moves in U.S. Treasuries on the back of better-than-expected inflation data." The dollar index fell 0.5% to its lowest level in more than two months, while the yen strengthened 0.29% to 132.74 per dollar. The Aussie dollar rose 1.0% on the back of surprise surges in both Chinese exports, which rose 14.8% compared with last March, and domestic Australian jobs.

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 10, 2023. Futures also showed expectations rose of the Fed cutting rates noticeably in September, and more deeper by December. "The way we've been trading over the last sessions indicates that the market is more positively positioned with regards to their exposure to Treasuries," Skiba said. The dollar index fell 0.48%, at its lowest in two months, while the yen strengthened 0.55% at 132.41 per dollar. The Aussie dollar rose 1.0% on the back of surprise surges in both Chinese exports, which rose 14.8% compared with last March, and domestic Australian jobs.

☆ Dollar, stocks slip after Fed minutes spur recession fears
▼ + stars: | 2023-04-12 | by ( Herbert Lash | ) www.reuters.com time to read: +6 min

Fed staff assessing the potential fallout of banking stress projected a "mild recession" later this year. But the minutes showed policymakers ultimately agreed to higher interest rates as data at the time showed few signs of inflation pressures abating. Money markets initially trimmed expectations for a Fed rate hike in May, pricing in a 65.2% chance of a 25-basis-point move, CME Group's FedWatch Tool showed. MSCI's gauge of stocks across the globe (.MIWD00000PUS) closed down 0.08%, while the pan-European STOXX 600 index (.STOXX) rose 0.13%. The dollar fell with an index measuring the U.S. currency against six peers down 0.558%.

☆ World stocks hope for Fed pause, dollar stalls
▼ + stars: | 2023-04-11 | by ( Herbert Lash | ) www.reuters.com time to read: +6 min

Gold climbed back up above the key $2,000 per ounce level as the dollar came off Monday's peak, while oil prices rose despite Chinese inflation data pointing to persistently weak demand. Investors are eagerly awaiting U.S. consumer prices data on Wednesday and producer prices on Thursday. The consumer price index is expected to show core inflation rose 0.4% on a monthly basis (USCPF=ECI) and 5.6% year-over-year (USCPFY=ECI) in March, according to a Reuters poll of economists. The dollar fell after a strong U.S. jobs report for March showed a resilient labor market, adding to expectations of another Fed rate hike. The dollar index fell 0.244%, with the euro up 0.41% to $1.0904 and the yen weakening 0.12% at 133.78 per dollar.

The consumer price index is expected to show core inflation rose 0.4% on a monthly basis (USCPF=ECI) and 5.6% year-over-year (USCPFY=ECI) in March. The two-year Treasury yield, which typically moves in step with interest rate expectations, rose 3.5 basis points to 4.043%. "We're just beginning to feel the pain of these much higher interest rates. The dollar fell after a strong U.S. jobs report for March showed a resilient labor market, adding to expectations of another Fed rate hike. The 10-year JGB yield fell to as low as 0.445%, its lowest since April 4, after hovering at 0.465% in the previous session.

☆ Wall Street meanders, dollar gains as Fed rate hike seen in May
▼ + stars: | 2023-04-10 | by ( Herbert Lash | ) www.reuters.com time to read: +4 min

"My sense is that the labor market and CPI would favor the Fed raising rates again. However, what has made the market have second thoughts is the extent of the tightening of lending." The dollar index rose 0.52% and the two-year Treasury yield, which typically moves in step with interest rate expectations, added 4.2 basis points to 4.014%. On Wall Street, the Dow Jones Industrial Average (.DJI) rose 0.3%, the S&P 500 (.SPX) gained 0.10% and the Nasdaq Composite (.IXIC) dropped 0.03%. The dollar extended gains against the yen to 133.87 , the highest since March 15, on receding expectations of a near-term tweak to Japan's ultra-loose monetary policy.

☆ NBA roundup: Mavs' playoff hopes dashed by Bulls
▼ + stars: | 2023-04-08 | by ( ) www.reuters.com time to read: +9 min

The result ended the Mavericks' hopes of reaching the Western Conference play-in tournament. Chicago, which had already clinched an Eastern Conference play-in spot, played without leading scorers DeMar DeRozan and Zach LaVine as well as Patrick Beverley. Orlando, which was in contention for a play-in spot over the past month following a 5-20 start, played its second game since being eliminated Tuesday. Grizzlies 137, Bucks 114Jaren Jackson Jr. scored 36 points to lead seven Memphis players in double figures as the Grizzlies clinched the No. Pascal Siakam scored 19 points, Precious Achiuwa added 16 points, and Fred VanVleet had 12 points and eight assists.

☆ Exclusive: Massachusetts regulator probes First Republic insiders' stock sales
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +4 min

He is seeking details about the firm's insider trading policies and how officers handled their stock sales from January 1. A spokesperson for First Republic declined to confirm the firm received a subpoena or comment on the stock sales. Silicon Valley Bank and Signature Bank were seized by regulators days later amid liquidity crises, actions that sapped investor confidence in the sector. SHARE SALESSeveral First Republic executives have sold shares this year, including founder and Executive Chairman James Herbert. Herbert and Roffler did not respond to requests for comment on their stock sales or the subpoena.

Two-year yields have risen from a seven-month intraday low of 3.555% last Friday as Treasuries rallied on safe-haven buying. "Some of the banks there were in the spotlight, their stock prices are starting to at least stabilize," said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute in Charlotte, North Carolina. The U.S. regional KBW bank index (.BKX) has tumbled about 25% this month, but has gained about 3.8% this week as tensions eased. Worries over inflation have prompted investors to reassess their expectations for monetary policy from a number of major central banks, including the Fed and European Central Bank. Oil edged lower in choppy trading as investors looked to pocket profits from two straight days of gains, and as markets debated supply tightness.

☆ Here's an exclusive look at the pitch deck that Y Combinator alum Careerist, a tech career training and job placement startup, used to raise $8 million
▼ + stars: | 2023-03-29 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +3 min

Careerist is an edtech startup that helps train and recruit workers for open tech jobs. Now, the team has grown to over 100 employees and just raised $8 million in venture capital funding. Careerist also offers tech recruiting help, automating the job application process to help users find viable leads for new roles. The accelerator helped the Careerist team get in touch with investors for the company's seed round and also many employer partners, and was very helpful in figuring out how best to grow the business, Tysbaev said. Check out the 12-slide pitch deck Careerist used to raise $8 million:

☆ Germany unveils immigration reform plan to tackle labour shortages
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +3 min

BERLIN, March 29 (Reuters) - Germany on Wednesday unveiled draft reforms on immigration, skills training and promoting immigration from Western Balkan countries, a bid by Chancellor Olaf Scholz's government to plug labour shortages in Europe's largest economy. "Securing our skilled labour base is one of Germany's biggest economic tasks for the coming decades," Labour Minister Hubertus Heil said. One of the reforms is a new immigration law that aims to address key hurdles for migrants to Germany, particularly for those coming from outside the European Union. The draft law, seen by Reuters, says the reform could increase the number of workers from countries outside the EU by 60,000 people a year. The opportunity card follows a points-based system that takes into account qualifications, language skills, professional experience, connection to Germany and age.

☆ The New York Couple Behind El Salvador’s Bitcoin Experiment
▼ + stars: | 2023-03-28 | by ( Santiago Pérez | ) www.wsj.com time to read: 1 min

SAN SALVADOR, El Salvador—Two New Yorkers who created a popular financial news show on Russian state television and cashed in on the crypto boom have emerged as key advisers to the Salvadoran government on its adoption of bitcoin. Max Keiser and Stacy Herbert are also investing in bitcoin ventures in the Central American country and are founding backers of a crypto exchange that is helping manage El Salvador’s sovereign debt sale that is linked to bitcoin. The so-called Volcano Token bond will be backed by proceeds from bitcoin mined using geothermal power from a volcano.

☆ How First Republic's courtship of the wealthy led to meltdown
▼ + stars: | 2023-03-27 | by ( Lawrence Delevingne | ) www.reuters.com time to read: +6 min

March 27 (Reuters) - First Republic Bank (FRC.N) became the epicenter of the U.S. regional banking crisis after the wealthy clients it courted to fuel its breakneck growth started withdrawing deposits and left the bank reeling. Reuters GraphicsFor years, First Republic lured high net-worth customers with preferential rates on mortgages and loans. Morgan Stanley analysts estimated a deposit outflow of nearly half of total deposits according to a March 20 note. First Republic's loan book and investment portfolio also became less valuable as interest rates rose, which is hampering a capital raise. "Wealthy customers were drawn to First Republic in part because they could get large mortgages at rock-bottom interest rates," said McCoy.

☆ North Korea unveils new nuclear warheads as Kim orders more weapons-grade materials
▼ + stars: | 2023-03-27 | by ( Hyonhee Shin | ) www.reuters.com time to read: +4 min

SEOUL, March 28 (Reuters) - North Korea unveiled new, smaller nuclear warheads as leader Kim Jong Un called for scaling up the production of weapons-grade nuclear material to expand the country's arsenal, state media KCNA said on Tuesday. KCNA released photos of the warheads, dubbed Hwasan-31, during Kim's visit to the Nuclear Weapons Institute, where he inspected new tactical nuclear weapons and technology for mounting warheads on ballistic missiles, as well as nuclear counterattack operation plans. Kim ordered the production of weapons-grade materials in a "far-sighted way" to boost its nuclear arsenal "exponentially" and produce powerful weapons, KCNA said. "The frantic war drills in the puppet region are not just military drills but nuclear war drills for a preemptive strike ... pursuant to the U.S. political and military option to escalate confrontation with the DPRK and finally lead to a war," it said. DPRK is an abbreviation for North Korea's official name, the Democratic People's Republic of Korea.

☆ The Wrong Indictment Against Trump
▼ + stars: | 2023-03-24 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

The New York Times last week recounted the memories of Ben Barnes , 84, who traveled to the Mideast in the summer of 1980, at the height of the U.S. presidential election, with his political mentor, Texas political powerhouse John Connally . There, Mr. Barnes said, Connally urged heads of state not to push for a deal with President Jimmy Carter to release the American hostages held in Iran, but to wait for Ronald Reagan to offer a better one. Highly partisan Democrats are like their Republican counterparts in that they always think their man didn’t lose but was cheated out of what was his. However: Reagan beat Mr. Carter, an incumbent president with all an incumbency’s powers, 489 electoral votes to 49. America hadn’t seen a sitting president lose in a landslide since FDR took out Herbert Hoover in 1932.

☆ First Republic Bank Founder Earned a Big Payday—as Did His Family Members
▼ + stars: | 2023-03-24 | by ( Eliot Brown | ) www.wsj.com time to read: 1 min

First Republic Bank paid family members of its founder, James Herbert , millions of dollars for work at the lender in recent years, including for consulting services related to interest rates and risk, according to public disclosures the bank made as part of annual filings. The bank paid Mr. Herbert, who was chief executive before stepping into the executive chairman role last year, $17.8 million in 2021, the bank’s disclosures for that year said. The compensation was more than CEOs at most similar-sized banks.

☆ First Republic Bank Founder Earned a Big Pay—as Did His Family Members
▼ + stars: | 2023-03-24 | by ( Eliot Brown | ) www.wsj.com time to read: 1 min

☆ First Republic Bank executives to forego annual bonuses for 2023
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

March 22 (Reuters) - First Republic Bank (FRC.N) said on Wednesday all its executive officers have decided to take no annual bonuses for 2023, and founder and Executive Chair Jim Herbert will draw no salary effective March 12. The bank's executives have also forfeited performance-based incentives vesting in 2023, according to a regulatory filing. The rescue effort for Swiss banking giant Credit Suisse (CSGN.S) has also put the bonus pools of banking executives under the spotlight. On Tuesday, Swiss authorities imposed curbs on bonus payments for Credit Suisse employees. Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Big investor in Credit Suisse bonds says 'bail-in' system worked
▼ + stars: | 2023-03-22 | by ( Herbert Lash | ) www.reuters.com time to read: +3 min

The firm's exposure to Credit Suisse AT1s represented 1.32% of Spectrum's assets under management (AUM) on Feb. 28. In 2021 and early 2022 Spectrum held about $400 million of Credit Suisse AT1 bonds, Jacoby said. The Credit Suisse debt represents about 12% of the benchmark for CoCos, a massive slice of the ICE BofA U.S. dollar contingent capital index (.MERCOCO), he said. "We had been paring back in Credit Suisse, had an internal negative outlook for a little over a year." "This is a Credit Suisse event and this is a Swiss bank regulation event, this is not a global disaster for CoCos."

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