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☆ Senior Australian official asks China to remove trade impediments
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Jan 20(Reuters) - Australia's Assistant Minister for Trade Tim Ayres called for the removal of China's "trade impediments" on Australian exports in a meeting with his Chinese counterpart on the sidelines of the World Economic Forum, his office said. China's Xinhua news agency earlier reported that Thursday's meeting between Australian and Chinese officials had agreed that trade ministers from the two nations will hold virtual discussions "in the near future." No date has been set for the video meeting between Chinese Commerce Minister Wang Wentao and his Australian counterpart, Don Farrell, it said. "Assistant Minister Ayres raised the importance of cooperation to deliver the outcomes of the World Trade Organization 12th Ministerial Conference, and the removal of current trade impediments affecting Australian exports to China in both countries' interests," a spokeswoman for Ayres said in a statement. Canberra has two complaints at the World Trade Organisation against China's tariffs on Australian wine and barley, and is watching to see if Beijing lifts unofficial trade blockages on other Australian exports.

☆ Australia says it's 'troubled' by delays in writer's espionage trial verdict in China
▼ + stars: | 2023-01-19 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

SYDNEY, Jan 19 (Reuters) - A verdict in the espionage trial of Australian writer Yang Hengjun, detained by China since his arrest there four years ago, has been delayed until April, the seventh such delay, his supporters said on Thursday. Pro-democracy blogger Yang is an Australian citizen born in China who was working in New York before his arrest at Guangzhou airport in 2019, coinciding with deteriorating relations between Australia and China. A Beijing court heard Yang's trial in secret in May 2021 and the case against him has never been publicly disclosed. "The Australian government is deeply troubled by the ongoing delays in his case. A verdict in Yang's trial has been delayed by the court seven times, and his lawyer was told the deadline had been extended a further three months to April, his supporters told Reuters.

☆ FuboTV insiders describe how its 'doomed' sportsbook collapsed in a year — and what it means for the future of the streaming company
▼ + stars: | 2023-01-19 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com time to read: +22 min

But despite the MetLife lounge remaining open throughout the 2021-22 NFL season, the Fubo Sportsbook wouldn't launch in New Jersey until the following one, in September 2022. "It was doomed from the start," one former Fubo Gaming staffer told Insider. Meanwhile, Rattner — whom the first former Fubo gaming staffer described as a "good talker" — sustained the startup's more youthful culture. The Fubo Sportsbook launched in New Jersey on September 7, days before the first Jets home game. A promotional image from when the Fubo Sportsbook went live in New Jersey in September 2022.

☆ Watch CNBC's full interview with John Todaro
▼ + stars: | 2023-01-18 | 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 EmailWatch CNBC's full interview with John TodaroJohn Todaro, Needham VP of crypto assets and blockchain research, joins 'Squawk on the Street' to discuss the collapse of FTX, the recent bitcoin rally, and more.

☆ Pacific islands urge Japan to delay release of Fukushima waste over contamination fears
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Jan 18 (Reuters) - Pacific island nations are urging Japan to delay the release of water from the destroyed Fukushima nuclear power plant over fears fisheries will be contaminated, the Pacific Island Forum (PIF) said on Wednesday. Japan had approved the future release of more than 1 million tonnes of water from the site into the ocean after treatment in April 2021. The United States conducted nuclear testing in the Pacific islands in the 1940s and 1950s and the Marshall Islands continues to campaign for more compensation from Washington over lasting health and environmental effects. France conducted atomic testing between 1966 and 1996 at Mururoa Atoll in French Pacific territories. Reporting by Kirsty Needham in Sydney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Microsoft, Moderna, Mobileye, Chegg and more
▼ + stars: | 2023-01-18 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The company reported fourth-quarter results fell short of analysts' expectations on both top and bottom lines, according to StreetAccount. Chegg — Shares fell 15% after Needham downgraded Chegg to hold from buy, saying the online education company will have trouble reaching consensus for full-year revenue growth in Chegg Services, according to StreetAccount. Mobileye — Shares of the assisted driving company gained 8% after Deutsche Bank initiated coverage of the stock as a buy. Oatly Group — Shares of Oatly Group fell nearly 2%, losing steam after Mizuho upgraded the stock to buy from neutral. Hancock Whitney — Shares fell more than 4% after the bank reported earnings that came mostly in line with expectations, but net interest income came in below expectations, according to StreetAccount.

☆ Netflix with ads got off to a slow start, but the streamer could still win at advertising
▼ + stars: | 2023-01-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Analysts are eagerly anticipating updates on Netflix's ads tier during its 4Q earnings call January 19. Netflix Basic with Ads has gotten off to a slow start, initially missing viewership targets. Subscriptions to the ad tier are expected to grow once the streamer cracks down on password sharing. The stock initially fell 9% on reports that Netflix was letting advertisers take money back after some ad campaigns fell far short of their viewer targets. And Netflix's Basic with Ads was the least popular tier in its first month, according to an Evercore ISI survey.

☆ One year after volcanic blast, many of Tonga's reefs lay silent
▼ + stars: | 2023-01-15 | by ( Gloria Dickie | ) www.reuters.com time to read: +5 min

Coral reefs were turned to rubble and many fish perished or migrated away. Following the eruption, the Tongan government said it would seek $240 million for recovery, including improving food security. SILENT REEFSThe vast majority of Tongan territory is ocean, with its exclusive economic zone extending across nearly 700,000 square kilometres (270,271 square miles) of water. It is likely volcanic ash smothered many reefs, depriving fish of feeding areas and spawning beds. While volcanic eruptions on land eject mostly ash and sulfur dioxide, underwater volcanos jettison far more water.

[1/3] Australian Cardinal George Pell gestures as he speaks during an interview with Reuters in Rome, Italy December 7, 2020. Archbishop Peter Comensoli, the Archbishop of Melbourne, said Pell had died from heart complications following hip surgery. An Australian appeals court ruling in 2020 quashed convictions that Pell sexually assaulted two choir boys in the 1990s. Pell took pride in having set up one of the world's first schemes to compensate victims of child sexual abuse in Melbourne. The inquiry, known as a Royal Commission, began in 2013 a five-year investigation into child sex abuse in the Catholic Church and other institutions.

Adam Rich, the youngest member of the "Eight Is Enough" television ensemble, died at age 54 at his Los Angeles home Saturday. An official cause of death is pending a scheduled autopsy, the Los Angeles County Medical Examiner's Office said. "Eight Is Enough" actors Jimmy Van Patten, Connie Needham, Dianne Kay, Laurie Walters and Adam Rich at the Los Angeles premiere of the musical "Hello Dolly" on Jan. 30, 2019. The youngest member of the Bradford family, Rich endeared himself to viewers as a mop-topped child star. Rich's last credits are from 2003, when he played himself in "Dickie Roberts: Former Child Star," along with a guest spot portraying Crocodile Dundee in "Reel Comedy."

☆ Here are Friday's biggest analyst calls of the day: Apple, Amazon, Uber, Nike, Boeing, Netflix & more
▼ + stars: | 2023-01-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Baird names Boeing a top 2023 pick Baird named Boeing as a top idea this year and says it sees a recovery in aerospace. UBS names Target a top pick in 2023 UBS says it sees Target as a market share gainer in 2023. Wells Fargo initiates Snowflake as overweight Wells said in its initiation of the stock that it's built to "weather the storm." Piper Sandler names Amazon a top 2023 pick Piper Sandler says it sees share gains and easing comps for the e-commerce giant. " Bank of America names Domino's a top 2023 pick The firm says Domino's is well positioned in a declining macroeconomic environment.

☆ It could take a few months for the fallout from FTX's collapse to be fully uncovered, analyst says
▼ + stars: | 2023-01-06 | 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 EmailIt could take a few months for the fallout from FTX's collapse to be fully uncovered, analyst saysJohn Todaro of Needham discusses the contagion risks from the collapse of the cryptocurrency exchange.

☆ Evaluation for Uber is more reasonable than previous years, says Needham's Bernie McTernan.
▼ + stars: | 2023-01-06 | 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 EmailEvaluation for Uber is more reasonable than previous years, says Needham's Bernie McTernan. Bernie McTernan of Needham breaks down his company's buy rating on Uber.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Rivian, Target, Microsoft, Etsy & more
▼ + stars: | 2023-01-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Monday: UBS downgrades Microsoft to neutral from buy UBS said in its downgrade of the stock that it's concerned about Microsoft Office risks. Wells Fargo downgrades Target to equal weight from overweight Wells said in its downgrade of the stock that it sees too much 2023 uncertainty. " UBS downgrades JB Hunt to neutral from buy UBS said in its downgrade of the shipping company that it sees volume and pricing risk. UBS downgrades Honeywell to sell from buy UBS said in its downgrade of the stock that the multiple is "inflated." UBS reiterates Amazon as buy UBS lowered its price target on the e-commerce giant to $125 per share from $165 but says it's standing by the stock.

☆ Stocks making the biggest moves midday: Wynn Resorts, Microsoft, Honeywell, Salesforce and more
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Check out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Celanese — The global chemical and specialty materials company jumped more than 6% after being upgraded by RBC Capital Markets to outperform from sector perform. The firm cited the solar company stock's "steep drop from the initial euphoria created by the Inflation Reduction Act."

☆ I write and direct Christmas movies. It's easy to fall into a formula — this is how we try and keep ours fresh.
▼ + stars: | 2022-12-23 | by ( Jack Needham | ) www.businessinsider.com time to read: +7 min

Sandra L. Martin says it's a "huge challenge" to keep Christmas movies "fresh." I've directed 12 films so far, and I've done three Christmas movies in the past two years. I hadn't made a Christmas movie until 2020When COVID-19 locked everybody down, all of our work was canceled. Keeping Christmas movies fresh is a huge challengeIt's easy to fall into a formula where someone moves from the big city to a small town. Christmas movies are now an industry, and a booming industry at that.

☆ Fiji’s king maker party SODELPA votes to support opposition coalition
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: 1 min

SYDNEY, Dec 23 (Reuters) - Fiji's Social Democratic Liberal Party (SODELPA) said on Friday that it would form a coalition with two other parties, a move that will dislodge current Prime Minister Frank Bainimarama. "We believe we have agreed on a way forward that benefits this country," party leader Viliame Gavoka said in a news conference after an internal party vote. The Pacific island nation's military was called in on Thursday to help police maintain law and order. read moreReporting by Kirsty Needham and Lucy Craymer; writing by Praveen Menon; editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

WELLINGTON, Dec 23 (Reuters) - Fiji's Social Democratic Liberal Party (SODELPA) is due to meet on Friday to decide if its decision to form a coalition with the opposition stands, a move that comes after the Pacific country's military was called in to help police maintain law and order. Fiji is waiting for its president to recall parliament so lawmakers can vote for a new prime minister after a national election last week showed no party received a clear majority. SODELPA, a power-broker holding three seats in the hung parliament, supports policies favouring indigenous Fijians, and on Tuesday signed a coalition agreement with the People's Alliance and the National Federation Party. However, the SODELPA's board is to meet again on Friday, after the validity of the decision to back the coalition was challenged by the party's general secretary and Fiji's Supervisor of Elections. However, opposition parties accuse Bainimarama and his allies of stoking fears of ethnic trouble as a pretext to cling to power.

Prime Minister Frank Bainimarama's Fiji First has not conceded defeat, while a coalition of three parties say they have a combined majority and have agreed on People's Alliance leader Sitiveni Rabuka as prime minister. In a statement on Facebook, Bainimarama said the military "has been deployed to complement the Police in maintaining law and order". Bainimarama has been prime minister for 16 years, taking power in a coup, and later winning two democratic elections in 2014 and 2018. New Zealand's Foreign Minister Nanaia Mahuta said New Zealand was "aware of the statement from Fiji's Police Commissioner". The prime minister must be voted in by more than 50% of lawmakers on the parliament floor.

☆ Needham lowers 2023 estimates for Amazon, says investors want to see pricing power over cost cutting
▼ + stars: | 2022-12-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Amazon needs to get its house in order, according to Needham. Analyst Laura Martin lowered her 2023 estimates for Amazon, while maintaining her fourth quarter 2022 estimates, noting that the tech giant's costs are almost at parity with its revenue. For 2023, Martin lowered her total net sales estimate to $564 billion, which is 5% below her previous estimate. In November, Amazon started laying off thousands of employees as CEO Andy Jassy started a review of the company's expenses. However, investors also want AMZN to demonstrate upside pricing power in 2023, since cost-cutting has limits to driving valuation upside," Martin wrote.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Imax, Netflix, Robinhood, Amazon & more
▼ + stars: | 2022-12-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Evercore ISI initiates American Express Global Business Travel Group as outperform Evercore initiated the corporate travel business company with an outperform rating and said it's a beneficiary of corporate travel recovery. AmEx GBT is the leading business to business travel management platform, providing software and services to manage travel, expenses, and events for corporate travel." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees a "buying opportunity" for shares of Tesla. Piper Sandler reiterates Tesla as overweight Piper said Tesla could become a key ESG holding. Morgan Stanley reiterates Wells Fargo as overweight Morgan Stanley said the banking giant is a top beneficiary of rate increases. "

☆ Fiji PM Bainimarama says military deployed to maintain law and order
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: 1 min

SYDNEY, Dec 22 (Reuters) - Fiji Prime Minister Frank Bainimarama said on Thursday that the military was deployed across the country to complement the police in maintaining law and order. "The reports of harassment suffered by our citizens and violence targeted at Indo-Fijian homes and businesses in the wake of the election are deeply disturbing," he said in a Facebook post. The government called in the military citing racial tensions after last week's election delivered a hung parliament. read moreOpposition parties have disputed reports of violence and have called for evidence. Reporting by Kirsty Needham; Writing by Praveen Menon; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Jim Cramer's top 10 things to watch in the market Thursday: Stock drop, Micron, AMC
▼ + stars: | 2022-12-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Piper Sandler raises price target on Dollar General (DG) to $288 per share from $273; makes DG a top pick for 2023. Planet Fitness (PLNT) named a top pick for 2023 at Piper, which boosts price target to $93 per share from $79. Truist raises price target on Vail Resorts (MTN) to $292 per share from $270. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

SYDNEY, Dec 21 (Reuters) - Fiji's parliament has delayed its first sitting, where it had been expected a new prime minister would be sworn in to the Pacific islands nation for the first time in 16 years. People's Alliance leader Sitiveni Rabuka is expected to become prime minister, after three parties signed a coalition agreement on Tuesday after a hung election. The deal would dislodge Fiji First's Frank Bainimarama, who has led Fiji since a 2006 coup. read moreThe constitution requires lawmakers to elect the prime minister from the parliament floor if no one party has won more than 50% of seats. On Wednesday morning New Zealand Prime Minister Jacinda Ardern said New Zealand was yet to congratulate Rabuka as it waited until the "dust settles and there is finality over processes".

☆ Gaming will turn chip headwinds to tailwinds in 2023, says Needham's Rajvindra Gill
▼ + stars: | 2022-12-20 | 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 EmailGaming will turn chip headwinds to tailwinds in 2023, says Needham's Rajvindra GillCowen's Krish Sankar and Needham's Rajvindra Gill joins 'TechCheck' to discuss their top chip stock picks for 2023, the reasoning behind each pick and the macro economic factors adding pressure to a down cycle next year.

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