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Others welcomed it as a sign the energy industry would get involved in the transition. Russia's invasion of Ukraine sparked an energy crunch that disrupted fossil fuel supplies to industry and consumers. A disorderly energy transition could be "painful and chaotic", Wirth said. Top U.S. oil firm Exxon said each country would take a different path to energy transition, depending on the resources available. In some countries, gas would be a transition fuel, said Liam Mallon, the president upstream oil and gas at Exxon.

☆ Ex-Maryland Gov. Larry Hogan won't challenge Trump in 2024
▼ + stars: | 2023-03-05 | by ( ) www.cnbc.com time to read: +7 min

He was Maryland's second Republican governor ever to be reelected. Some Republicans had hoped that Hogan, emerging as the new best hope of a small group of "Never Trump Republicans," would challenge Trump in 2020. In his first year as governor, Hogan went right to work on pocketbook issues. Hogan has long been upfront about his distaste for Trump as president. "I did not go out of my way to criticize the president," Hogan said.

☆ Kevin Kelly sets up a way to play Raytheon
▼ + stars: | 2023-03-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKevin Kelly sets up a way to play RaytheonKevin Kelly lays out the trade on Raytheon Technologies (RTX). With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Brian Stutland.

☆ Zoom CFO: We expect enterprise business to drive growth in FY24
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZoom CFO: We expect enterprise business to drive growth in FY24Zoom CFO Kelly Steckelberg joins 'Squawk Box' to discuss the company's enterprise business, the 'magic' formula in the company's growth, and more.

☆ Zoom jumps on AI bandwagon, forecasts upbeat 2024 profit targets
▼ + stars: | 2023-02-27 | by ( Tiyashi Datta | ) www.reuters.com time to read: +2 min

Analysts predict the AI tech will be a major driver for future growth for the tech industry, which has been grappling with slowing demand amid recessionary fears. San Jose, California-based Zoom forecast fiscal 2024 profit between $4.11 and $4.18 per share, compared with analysts' average estimate of $3.66 per share, according to Refinitiv data. On an adjusted basis, Zoom earned $1.22 per share for the fourth quarter ended Jan. 31, compared with estimates of 81 cents per share. Revenue grew 4% to $1.12 billion, above analysts' average expectation of $1.10 billion. The company, however, expects 2024 revenue between $4.44 billion and $4.46 billion, below average Street estimate of $4.60 billion.

☆ In surprise result, Italy's left picks Elly Schlein to rebuild party
▼ + stars: | 2023-02-27 | by ( Crispian Balmer | ) www.reuters.com time to read: +2 min

ROME, Feb 26 (Reuters) - Italy's opposition centre-left Democratic Party (PD) picked Elly Schlein, a 37-year-old U.S.-Italian national who grew up in Switzerland, to be its new leader and rebuild the group after its election rout last year. Schlein will lead opposition in parliament to Prime Minister Giorgia Meloni, with two women for the first time in Italian history heading the country's two main parties. Although she has promised a new start for the party, many of the PD's grandees have rallied behind her in recent weeks. Polls suggested he would easily beat Schlein, but in the end he only drew strong backing in the more traditionalist south. Schlein faces a monumental struggle if she hopes to heal divisions within her party and beat Meloni's conservative bloc in the next national election in 2027.

☆ Who is Matthew Kacsmaryk, the Trump-appointed Texas judge who could ban abortion pills?
▼ + stars: | 2023-02-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +8 min

Matthew Kacsmaryk is a Texas federal judge who was nominated by Donald Trump in 2017. Kacsmaryk graduated from Abilene Christian University in 1999 and received his law degree from the University of Texas School of Law in 2003. The Post reported that it was during law school when Kacsmaryk focused on abortion rights. Kacsmaryk also served as the executive editor of the Texas Review of Law & Politics and received two Dean's Achievement Awards, according to the questionnaire. During his undergraduate years, studying political science, Kacsmaryk was outspoken about his conservative views and stances on abortion.

☆ Beaten and divided, Italy's centre-left seeks new leader
▼ + stars: | 2023-02-24 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

[1/3] Centre-left Democratic Party (PD) supporters gather during the electoral campaign closing event of Enrico Letta, secretary of PD, in Piazza del Popolo, ahead of the general election, in Rome, Italy, September 23, 2022. REUTERS/Guglielmo MangiapaneSummary Italy's PD looking to recover after 2022 election defeatParty seeks ninth leader in just 16 yearsModerate regional president faces young left-wingerROME, Feb 24 (Reuters) - Italy's centre-left Democratic Party (PD) will chose a new leader this weekend who it hopes can pull the group out of a tail spin and provide a credible challenge to the nationalist prime minister, Giorgia Meloni. PD supporters will have to pick between two starkly different candidates who offer opposing views on how to revive the party after a string of crushing election defeats. He promotes himself as a sound administrator and proven vote winner, who would seek cross-party alliances to defeat the ruling right-wing coalition. Makeshift voting booths are being set up across the country and PD officials hope at least a million people take part.

☆ R. Kelly Sentenced to 20 Years in Chicago Sex Case, Extending Prison Time by One Year
▼ + stars: | 2023-02-23 | by ( Associated Press | ) www.wsj.com time to read: 1 min

A Chicago judge sentenced R. Kelly to 20 years in prison in a nearly simultaneous sentence with a prior conviction. R. Kelly was sentenced on Thursday to 20 years in prison for child pornography and enticement of minors for sex. He will serve all but one of those years simultaneously with a 30-year sentence on racketeering and sex trafficking convictions. U.S. District Judge Harry Leinenweber ordered that Mr. Kelly serve one year in prison following the racketeering sentence, imposed last year in New York.

☆ Northern Irish police suspect New IRA behind shooting of detective
▼ + stars: | 2023-02-23 | by ( Amanda Ferguson | ) www.reuters.com time to read: +3 min

The gunmen continued to fire while the detective was on the ground, McEwan said. The primary focus is on violent dissident republicans and within that there is a primary focus as well on New IRA," McEwan told BBC Northern Ireland. While the peace agreement largely ended three decades of sectarian violence in Northern Ireland, police officers are still sporadically targeted by splinter groups of mostly Irish nationalist militants opposed to Britain's rule over the region. The last time a police officer was shot in Northern Ireland was 2017 and the United Kingdom last year lowered its Northern Ireland-related terrorism threat level for the first time in more than a decade. "Unfortunately this is a stark reminder for our colleagues that 25 years on from the signing of the Good Friday Agreement, policing in Northern Ireland is still a very dangerous occupation and carries extreme risk," Kelly said.

Kelly, 56, the Grammy-winning R&B artist, has been convicted in two separate trials of luring multiple underage girls into sex by leveraging his wealth and fame, in some case recording the abuse on video. Prosecutors have argued in a sentencing memo that Kelly is so incorrigible that "the only way to ensure Kelly does not reoffend is to impose a sentence that will keep him in prison for the rest of his life." Defense attorneys say a 56-year-old African American man with diabetes is already facing an effective life sentence with the existing 30-year term. "There was a whole culture around it and so yes I do think there's a disproportionate attention on Mr. Kelly," Bonjean said in a telephone interview. Kelly will not address the judge, Bonjean said, because he still faces prosecution in other jurisdictions and any statement could be used against him.

☆ The highest-paying college majors, top jobs in 2023 and who’s hiring right now
▼ + stars: | 2023-02-23 | by ( Cindy Perman | ) www.cnbc.com time to read: +9 min

Tech jobs are still hotOnce again, if you just followed the headlines (layoffs at Amazon, Google, Meta, Microsoft, etc.) Jobs in the sector ranked among the Best Jobs for 2023, according to job site Indeed.com: Full-stack developer Data engineer Cloud engineer Senior product manager Back-end developer Almost half, 44%, of the top 25 jobs on that list were tech jobs. "I'm sure there are plenty of unfilled positions for tech workers in financial services or state and local governments. Tech workers laid off by tech companies may end up there." *MINDBLOWN*), plus jobs where you're a top applicant and some jobs that you might have missed.

☆ Covid's 'legacy of weirdness': Layoffs spread, but some employers can't hire fast enough
▼ + stars: | 2023-02-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. This points to a labor market that's still tight, particularly in service sectors that were hit hard earlier in the pandemic, such as restaurants and hotels. Consumer spending has remained robust and surprised some economists, despite headwinds such as higher interest rates and persistent inflation. "There's a difference between saying the labor market is tight and the labor market is strong," Kelly said. With interest rates rising and inflation staying elevated, consumers could pull back spending and spark job losses or reduce hiring needs in otherwise thriving sectors.

☆ Vice President Harris says Russia has committed crimes against humanity in Ukraine
▼ + stars: | 2023-02-18 | by ( ) www.cnbc.com time to read: +3 min

Vice President of the United States Kamala Harris speaks at the Munich Security Conference in Munich, Saturday, Feb. 18, 2023. The 59th Munich Security Conference is taking place from Feb. 17 to Feb. 19, 2023, at the Bayerischer Hof Hotel in Munich. U.S. Vice President Kamala Harris said Saturday that Washington has determined that Russia has committed crimes against humanity in Ukraine, and insisted that "justice must be served" to the perpetrators. Secretary of State Antony Blinken, who also was attending the Munich conference, said in a statement issued as Harris spoke that "we reserve crimes against humanity determinations for the most egregious crimes." If Russian President Vladimir Putin succeeds in attacking international rules and norms, "other nations could feel emboldened to follow his violent example," she said.

☆ Senator says U.S. should consider mandating transponders on high-altitude balloons
▼ + stars: | 2023-02-16 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 15 (Reuters) - Senator Mark Kelly says Congress should consider mandating transponders on high-altitude weather and research balloons to help the U.S. military differentiate between potential threats. The issue has drawn new attention in recent days after U.S. fighter jets shot down a Chinese balloon and three other objects. The United States has said the Chinese balloon was used for surveillance purposes while Beijing called it a weather balloon. Since an American fighter jet shot down the 200-foot Chinese balloon on Feb. 4, three other objects have been downed. The National Weather Service launches balloons at about 90 locations daily carrying an instrument tracked by specialized ground equipment.

☆ Republican FTC Commissioner Wilson announces resignation, saying Chair Khan has a 'disregard for the rule of law'
▼ + stars: | 2023-02-14 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Christine Wilson, nominee to serve on the Federal Trade Commission, testifies during a Senate Commerce, Science, and Transportation Committee confirmation hearing in Hart Building on February 14, 2018. Christine Wilson, the sole remaining Republican on the Federal Trade Commission, announced Tuesday she plans to resign, citing what she said was Democratic Chair Lina Khan's "disregard for the rule of law and due process." Wilson announced her resignation, which she said will come "soon," in a Wall Street Journal op-ed. Throughout Khan's tenure at the helm of the commission, Wilson has frequently bemoaned her approach in remarks at public meetings and in speeches. Former Commissioner Noah Joshua Phillips, a Republican, resigned in October, but without the kind of broad critique that Wilson wrote.

☆ Key inflation data in the week ahead will offer clues to future Fed rate moves and the market's path
▼ + stars: | 2023-02-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Looking forward The January consumer price index (CPI) , which calculates the average change over time in prices that shoppers pay for goods and services, is slated for Tuesday. Economists and investors will use the number to gauge the odds of a soft landing or hard landing for the economy. The producer price index (PPI) for January, which calculates the change in selling prices received by producers of goods and services, is out on Thursday. 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.

☆ Astronaut Sen. Kelly touts 'stunning' space business growth, calls for more rocket competition
▼ + stars: | 2023-02-10 | by ( Michael Sheetz | ) www.cnbc.com time to read: 1 min

Arizona Sen. Mark Kelly, who flew to space four times over a 15-year career as an astronaut, praised the growth of the industry and gave a rallying cry for intensified competition. "Some of the advancements are truly stunning; this has been a great success," Kelly said, speaking at a luncheon during the Commercial Space Transportation conference in Washington, D.C., on Thursday. Kelly noted that the cost of sending satellites, people and cargo to orbit is currently "a fraction" of what it was when he flew on NASA's Space Shuttle. He added that — while the industry's growth is encouraging — companies building rockets need "to step up to the plate" and bring more "new launch vehicles to market faster and embrace renewed competition, not stifle it." "We need more launch vehicles to continue to reduce the costs associated with getting a payload to orbit," Kelly said.

Insider compiled a list of 15 New York-based startups shaping the creator economy. With its top creator agencies, influencer-led businesses, and content studios, the West Coast is often seen as the hub of the creator economy. But when it comes to creator economy startups, New York is giving Los Angeles and Silicon Valley a run for their money. In the past two years, investors have poured hundreds of millions of dollars into New York-based creator economy startups. We considered factors like customer adoption, fundraising success, and a company's contributions to the creator economy.

☆ A fugitive billionaire just auctioned off $3.2 million worth of luxury handbags — see highlights from his prized collection
▼ + stars: | 2023-02-09 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Billionaire Joseph Lau sold $3.2 million worth of luxury handbags at a Sotheby's auction. Lau is a prolific collector who's purchased roughly 1,500 Hermès bags, Bloomberg reported. The collection included one Chanel bag and 76 Hermès bags, including both the iconic Birkin and Kelly styles. Lau's collection extends beyond handbags to diamonds — including a $53 million 12-carat blue diamond — and art by Andy Warhol and Jean-Michel Basquiat, Bloomberg reported. Lau has auctioned off other pieces in his collection over the years, including $20 million worth of art and fine wine.

☆ Marine veteran who boasted about assaulting police officers with chemical spray on Jan. 6 is sentenced to more than 5 years
▼ + stars: | 2023-02-02 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

A Marine veteran was sentenced to more than 5 years in prison on a Jan. 6 charge on Wednesday. Prosecutors say he was caught on camera assaulting police officers and later bragging about it. Caldwell pleaded guilty to one count of assaulting police officers with a deadly weapon in September 2022. US District Judge Colleen Kollar-Kotelly sentenced Caldwell to 68 months in prison on Wednesday, as well as $2,000 in restitution for damage to the Capitol. In a separate video, Caldwell discussed the assault, telling the person behind the camera that he "got like 15 of them," referring to the officers.

☆ 8 investments to make now as the Federal Reserve risks a recession by going 'way overboard' in raising interest rates, according to 7 top economists and strategists
▼ + stars: | 2023-02-02 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Since March, Rosenberg has warned that by trying to crush inflation, the Fed would inadvertently kill the economy as well. "I think that the odds now are that it's going to be more severe than people think because the Fed has gone way overboard," Rosenberg said of a recession. The contrarian view: With inflation falling, a recession is no guaranteeHowever, not every strategist thinks that a recession is a sure thing. But what I think we can see is the Federal Reserve is overdoing it and eventually, the Fed will have to cut rates." Fittingly, Parker's bets are contingent on his view that the US economy won't suffer from a severe recession.

☆ Microsoft could bring back Clippy, but make him smart
▼ + stars: | 2023-01-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —This week, Microsoft confirmed it’s planning to invest billions in OpenAI, the company behind the viral new chatbot tool ChatGPT. The prospect of Microsoft, maker of software that people mostly hate, getting involved with ChatGPT, a product people generally like, is raising a lot of eyebrows. Almost immediately, people began joking on social media that ChatGPT could be used to revive the broadly maligned, big-eyed goon known as Clippy. “There is a kernel of truth to the Clippy comparison,” David Lobina, an artificial intelligence analyst at ABI Research, told Sam. All of the above suggestions were generated by asking ChatGPT various forms of the question, “How could Microsoft integrate ChatGPT into its products?”Argh, Samantha, you scamp!

CNN —The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors shouldn’t abandon ship, Wall Street analysts say. That means that if Congress doesn’t raise the debt ceiling by then, the US could default on its debt. But lawmakers remain in a deadlock about whether to lift their self-imposed borrowing limit: Democrats want Congress to pass a debt ceiling increase without conditions but Republican leadership says that any debt limit increase should be accompanied by spending cuts. Wall Street’s response: A debt ceiling meltdown creates serious risk for investors. Even if the debt ceiling debates are resolved, it’s not a bad idea to have some money invested abroad just in case of upheaval.

☆ Hawaii surf contest The Eddie returns with women competing alongside men for the first time
▼ + stars: | 2023-01-22 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

And this year female surfers will be competing alongside the men for the first time in the 39-year history of The Eddie Aikau Big Wave Invitational. But author Stuart Coleman says The Eddie is distinguished by how it honors Eddie Aikau, a legendary Native Hawaiian waterman, for his selflessness, courage and sacrifice. Coleman said The Eddie is about the best of big wave surfing and the best of Hawaiian culture. “To see women — not only women surfing Waimea but women and men sharing the same event together, with mutual respect and equality — I’m just really thrilled at the thought,” Pennybacker said. Kathleen Pahinui, the chairperson of the North Shore Neighborhood Board, said it will be good for businesses, restaurants and shops.

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