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[1/3] Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. The Dutch and Slovak central bank governors gave explicit support for a bigger move in March while ECB President Christine Lagarde also appeared to back such an increase. But it is not a reason to slow the tempo of raising interest rates," Kazimir said in a statement on Monday. "I am convinced that we need to deliver two more hikes by 50 basis points." Economists polled by Reuters expect the ECB to deliver 50 basis point interest rate rises at each of its next two meetings.

☆ Meet Jesse Cohn, the hedge fund wunderkind building a campaign on Salesforce
▼ + stars: | 2023-01-23 | by ( Casey Sullivan | Bradley Saacks | ) www.businessinsider.com time to read: +10 min

One of the key players behind the campaign is 42-year-old Jesse Cohn, Paul Singer's right-hand man. Hedge fund Elliott Management has taken a multi-billion dollar stake in Salesforce, as the tech company deals with layoffs and a management shake-up. And Cohn, one of Elliott's chief agitators, has emerged as quarterback, announcing his respect for co-CEO Marc Benioff in a statement. "He said, 'Hey, let me talk to you,'" Knowles told BI in 2019. He had the files laid out on a conference-room table when the board met with Cohn in Elliott's New York office.

☆ A former Long Island GOP congressman says the 'lack of trust' in embattled Rep. George Santos is a 'prescription for disaster'
▼ + stars: | 2023-01-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Former Rep. Peter King in a New York Times op-ed questioned the effectiveness of George Santos. How do committee members sit still for this guy in their midst?" "Except perhaps for a few ineffective congressional outliers, I can't imagine a member of either party working or cooperating with Mr. Santos," the former congressman wrote. "And when you don't have that, you're just faking your way through the workday — something Mr. Santos is apparently pretty good at." "As long as Mr. Santos remains in Congress, he is dead man walking and will be unable to get anything done for his constituents.

☆ The organizer of an annual charity raffle to win a Tesla says he's struggling to sell tickets this year because of Elon Musk's antics
▼ + stars: | 2023-01-22 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Climate XChange has run a Tesla raffle since 2015 and this year's prize is a $165,000 Model X. The last three years sold out, but in 2023 ticket sales are slow, the raffle's organizer told Insider. Some previous entrants have said they no longer want to win a Tesla thanks to Elon Musk. That's despite the top prize, a Tesla Model X Plaid and all associated taxes, being worth $250,000 — a 10% higher value than 2022's raffle. He has put down a deposit for a Rivian as a replacement, he told Insider.

☆ SLB wins Russia business as oilfield rivals exit after Ukraine invasion
▼ + stars: | 2023-01-19 | by ( Liz Hampton | ) www.reuters.com time to read: +7 min

Jan 19 (Reuters) - Following Moscow's invasion of Ukraine, world's largest oilfield firm SLB (SLB.N) has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, according to company documents and people familiar with its operations. For example, SLB's Russia and Central Asia reservoir performance division in the third quarter of 2022 grew revenue by 25% over the prior quarter. The company said in March that, while it is continuing operations in Russia, it has halted new investments there. One reason SLB is finding new success in Russia is that rivals have exited the region. "The message from HQ is to take mostly exclusive contracts with high revenue," said a SLB employee involved in the business wins.

☆ Venom, Iceberg set up $1 bln fund to invest in blockchain firms amid crypto winter
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 11 (Reuters) - Blockchain firm Venom Foundation and Abu Dhabi-based investment manager Iceberg Capital Ltd on Wednesday launched a $1 billion crypto venture fund and said it was leading a $20 million funding round in virtual world platform Nümi Metaverse. The fund, called Venom Ventures Fund (VVF), aims to invest in early-stage startups focused on payments, asset management, banking services and gaming on Web3, a much-hyped vision of a future internet built on blockchain. The launch comes at a time when funding for crypto startups has slowed following the global risk off mood and a series of crypto blowups that culminated in the high-profile downfall of FTX and shook investor sentiment. Cryptocurrencies have crept into the new year, licking their wounds with bitcoin steady at $17,421, after tumbling 64% in 2022. Venom Ventures fund is chaired by former BlackRock chief investment officer Peter Knez, and will be operated by investment firm Iceberg Capital that is regulated by Abu Dhabi Global Market - the emirate's international financial center.

☆ How health insurance may have made health care more expensive
▼ + stars: | 2023-01-08 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

Roughly 40% of U.S. adults have at least $250 in medical debt, according to a survey conducted by Kaiser Family Foundation. There are many complicated reasons for the rise in the cost of care such as not prioritizing preventive care or a lack of price transparency, but one of the biggest catalysts for inflation was the rise of health insurance. In the early 2000s, federal legislation led to a major restructuring of how insurance plans shared costs, with the 2003 Medicare Modernization Act spurring a boom in high-deductible health insurance plans. A deductible is the amount a policyholder has to pay upfront before their health insurance plan kicks in. Watch the video above to learn more about how medical debt became so common in the U.S. health care system and what we can do to change it.

☆ Piper Sandler's Peter Keith makes his bull case for recession-resistant retailers
▼ + stars: | 2022-12-22 | 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 EmailPiper Sandler's Peter Keith makes his bull case for recession-resistant retailersPeter Keith, Piper Sandler senior research analyst, joins 'Closing Bell: Overtime' to discuss retail opportunity finds heading into a in a potential recession.

☆ 2 climate activists got kicked out of the world's biggest Earth-science conference for protesting, and one says the association is 'silencing scientists'
▼ + stars: | 2022-12-17 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

Two climate scientists were kicked out of a major science conference in Chicago on Thursday. They told Insider the American Geophysical Union told them they'd be arrested if they returned. "I interpreted that as basically a threat — which I don't know if it was a hollow threat or not — to try and get us fired," Abramoff told Insider. "AGU Fall Meeting year after year provides a wide-open space for debate and discussion around all issues in Earth and space science. "I love the AGU fall meeting, and I'm really grateful that the AGU exists," Kalmus said.

☆ Sick and family leave are top union demands post-Covid-pandemic
▼ + stars: | 2022-12-10 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

Rail workers nearly went on strike over paid sick leave. Glen Stubbe / Star Tribune via AP fileMore than 100,000 rail workers were days away from a likely strike after the rail companies refused demands for five paid sick days. Labor experts and organizers say the pandemic aimed a floodlight at the public health ramifications of in-person work, elevating for workers the importance of paid leave in contract disputes. “This was the sticking point for the railroads.”Following Congress’ resolution of the impasse, activist investors have put forth proposals to get two of the biggest rail companies, Union Pacific and Norfolk Southern, to offer their workers paid sick leave next year. “We appreciate the work of the negotiating teams and the mediator in reaching this agreement in principle.”Other unions are paying attention to these fights — and gearing up to make sick leave a major part of their negotiations.

☆ Can Drugs Treat Addiction? Prisons Offer an Answer
▼ + stars: | 2022-12-09 | by ( Julie Wernau | ) www.wsj.com time to read: 1 min

Sheriff Peter Koutoujian worked for years to get drugs into Middlesex County jail. Operating the facility northwest of Boston had come to feel like living in a bad rerun, he said. Inmates arrived addicted to opioids, went through detox, lived without drugs and were eventually released. Then they started using again, overdosed and died, or landed back in jail.

Peter Karas / NorthJersey.com / USA Today NetworkIn addition to Cusick's case, he also confessed to four other Long Island slayings, officials said. “Today is one is one the most emotional days we've ever had the Nassau County District Attorney’s Office,” District Attorney Anne Donnelly told reporters in Mineola. He's been dubbed the "Torso Killer" due to the savage manner he maimed some of his victims. Cottingham had also been called the “Times Square Killer" for murders he committed in New York City. “These are the five we could be sure that he committed," Donnelly said.

☆ Amazon's cloud unit faces cost-sensitive customers as economic fears mount
▼ + stars: | 2022-12-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Peter Kern, CEO of online travel company Expedia Group , sees the cloud as an area where his company can reduce its fixed costs. Amazon leads the market in cloud computing, with an estimated 39% share. Selipsky said that moving IT jobs to the cloud could help budget-strapped organizations save money, citing customers Agco and Carrier Global . It offers Graviton computing instances based on energy-efficient Arm-based chips, a less expensive alternative to instances using standard AMD and Intel processors. He said AT&T 's DirecTV unit was able to eliminate 20% of computing costs by adopting current-generation Graviton chips.

Vessels linked to Russia’s largest grain trader shipped thousands of tons of stolen Ukrainian grain to global buyers, using a sophisticated system of feeder vessels and floating cranes, according to an investigation by The Wall Street Journal. The ships are linked either through their management or ownership to companies controlled by Russian businessman Peter Khodykin , who in turn owns RIF Trading House LLC, the country’s largest grain exporter and a big player in global grain markets, according to corporate and legal documents reviewed by the Journal.

☆ Analysts love these retail stocks as the holiday season ramps up
▼ + stars: | 2022-11-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

However, investors have gotten a mixed picture of the retail landscape from company earnings, U.S. retail sales figures , consumer sentiment data and the still-high inflation that continues to plague shoppers. Using data from FactSet, CNBC Pro screened for retail stocks that may offer some certainty for investors. Auto retailer Lithia Motors is also on the list, with potential upside to the average price target of 36.3%. He reiterated the firm's outperform rating and raised his price target on the shares. The stock price has risen this year, by 17%.

☆ Peter King's NFL Thanksgiving Preview
▼ + stars: | 2022-11-23 | 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 EmailPeter King's NFL Thanksgiving PreviewPeter King of NBC Sports joins Brian Sullivan and the 'CNBC Special: Taking stock' to discuss what's been a surprising NFL season ahead of tomorrow's Thanksgiving games.

☆ Michelle Obama says she straightened her hair because Americans weren't ready for a First Lady with braids
▼ + stars: | 2022-11-18 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Michelle Obama said she straightened her hair so the US could adjust to a Black family in the White House. "Nope, they're not ready for it," Obama said while recalling her decision, per The Washington Post. "Let me keep my hair straight," Obama said. "We deal with it, the whole thing about, 'Do you show up with your natural hair?'" "They tripped out when Barack wore a tan suit," Michelle Obama said.

☆ Rail strike potential grows, threatening to worsen supply chain backlogs, inflation
▼ + stars: | 2022-11-17 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +12 min

That’s how much paid sick leave some freight rail workers are demanding from the rail companies before they sign new contracts. Rail workers say years of grievances about workforce cuts, coupled with new scheduling requirements, have pushed them to the brink of exhaustion. But if any of the unions decides to strike, all rail unions will honor the work stoppage. Kennedy said the union had never agreed to higher wages at the expense of a benefit like paid sick leave. “A rail strike, even one of short duration, would be catastrophic,” said John Drake, a vice president at the Chamber of Commerce.

All six people who died in Saturday's midair collision of two vintage aircraft at the Wings Over Dallas Airshow have been identified. "We are heartbroken to announce that the following members of the Commemorative Air Force went west on Saturday, November 12, 2022, at the Wings Over Dallas WWII Airshow while performing," the nonprofit said in a statement. The Commemorative Air Force did not specify which men were on board the Flying Fortress and which were on the Kingcobra during the collision. Commemorative Air Force / via FacebookMajor Curtis J. Rowe served for more than 30 years on the Ohio Wing Civil Air Patrol and "volunteered as a crew member on a vintage Boeing B–17 Flying Fortress for the Commemorative Air Force where he shared his passion for flying," according to a statement from the service. Commemorative Air Force / via FacebookTerry Barker was an army veteran and a former city councilman in Keller, Texas, according to Keller Mayor Armin Mizani.

☆ Jeff Bezos doesn't deny reports that he might buy the NFL's Washington Commanders: 'We'll just have to wait and see'
▼ + stars: | 2022-11-14 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

Jeff Bezos didn't deny reports that he's interested in buying an NFL team in an interview with CNN. Multiple reports say Bezos plans to team up with Jay-Z to buy the Washington Commanders. Multiple news outlets reported earlier this month that Bezos plans to team up with music mogul Jay-Z to buy the Washington, DC-area team. Since 2018, Bezos has been linked to four NFL teams, including Washington, the Seattle Seahawks, Detroit Lions, and Los Angeles Chargers. None of those rumors amounted to anything, and Bezos has never publicly discussed his interest in team ownership until now.

☆ A United flight attendant is taken to the hospital after a 'disturbance' involving a passenger with a child seen screaming in a video on flight to Chicago
▼ + stars: | 2022-11-13 | by ( Bethany Biron | ) www.businessinsider.com time to read: +2 min

A United flight attendant was taken to a hospital after an altercation with an unruly passenger. The Chicago Police Department told Insider it responded to reports of "a disturbance that had occurred on a plane." In a video shared by passenger Peter Kondelis, a woman on the plane appears to be screaming while standing in the aisle holding a young child. "A disruptive customer on a flight from San Francisco to Chicago was removed by law enforcement upon landing on Sunday, and one member of the flight attendant crew was taken to a hospital for evaluation," the spokesperson said. According to Twitter account @WindyCityWxMan, which shares real-time police scanner alerts, three ambulances were specifically requested for the flight attendant, the passenger, and the passenger's child.

☆ Here are Wall Street analysts’ favorite retail stocks as giants such as Target get set to report
▼ + stars: | 2022-11-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Boots seller Boot Barn made the cut, with 83% of analysts covering it giving the stock a buy rating. Target also made the list, with 59% of analysts rating it a buy and an average price target implying upside of about 17%. The retail giant's stock has dropped more than 25% in 2022, but it has rallied 16.8% in the fourth quarter. Seventy-one percent of analysts covering the stock rate it a buy, and the average analyst price target implies upside of 41.4%, FactSet data shows. Nearly 80% of analysts covering the e-commerce giant rate it a buy, with the average price target implying upside of 41.6%.

☆ Newly-elected House Republican, who ousted a top Democrat, says it's time for the GOP to move on from Trump
▼ + stars: | 2022-11-10 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Rep.-elect Michael Lawler pushed for the Republican Party to move beyond Trump. "I would like to see the party move forward," Lawler told CNN. "I would like to see the party move forward," Lawler told CNN. As CNN's Kaitlan Collins pointed out to Lawler, some GOP figures are beginning to try to move the GOP away from Trump. "I strongly believe he should no longer be the face of the Republican Party," King said.

☆ How Hurricane Sandy transformed the Jersey Shore into 'a playground for the rich'
▼ + stars: | 2022-11-09 | by ( Zoe Rosenberg | Dan Latu | ) www.businessinsider.com time to read: +17 min

Jersey Shore residents battled through a patchwork of programs to rebuild after Hurricane Sandy. Even 10 years after Hurricane Sandy, Barbara is still reminded daily of the mental and financial toll it took on her. Courtesy of BarbaraThe bureaucratic red tape around flood insurance and rebuild programs linked to Hurricane Sandy deepened the divide between the haves and have-nots of the Jersey Shore. Milliman, an actuarial company that works with FEMA's National Flood Insurance Program, found that about 47% of coastal dwellers had flood insurance, The Inquirer reported. "After Sandy, there was a lot more money coming in," Mery, who has built Jersey Shore homes for 15 years, told Insider.

☆ Republican incumbent Rep. Andrew Garbarino faces off against Democrat Jackie Gordon in New York's 2nd Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Andrew Garbarino is running against Democrat Jackie Gordon in New York's 2nd Congressional District. NY-03NY-18NY-19NY-22NY-01NY-17 HouseRepublican incumbent Rep. Andrew Garbarino faces off against Democrat Jackie Gordon in a rare 2020 rematch in New York's 2nd Congressional District. In 2020, Garbarino defeated Gordon by a near-7-percentage-point margin in a race to replace longtime Republican Rep. Peter King. Voting history for New York's 2nd Congressional DistrictNew York's 2nd Congressional District includes the South Shore of Suffolk County and a section of Nassau County. His challenger, Gordon, has raised $1.6 million, spent $1.57 million, and has $56,000 still left to spend, as of October 19.

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