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☆ Morning bid: Netflix flickers
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +4 min

With the macro picture turning foggy again, streaming giant Netflix (NFLX.O) generated a rare bright spark in an otherwise gloomy corporate earnings season. But it has bounced back more than 60% from the lows of last June and the leadership shakeup may not shape the road ahead. With aggregate S&P500 earnings tracking a year-on-year contraction of about 3% for the fourth quarter, the Netflix news was welcome. In wider markets, a dour Thursday showed some retreat of the early year optimism on peaking central bank interest rates. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Netflix insiders applaud new co-CEO Greg Peters, 'the only real visionary' in the C-suite, but scratch their heads over what other exec changes mean for the company
▼ + stars: | 2023-01-20 | by ( Elaine Low | Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +5 min

Netflix's elevation of Greg Peters to co-CEO shows the importance of its advertising sales effort. But Bela Bajaria's rise to content chief has caused some confusion about the future of the TV and film organization. The Netflix veteran now shares the role with current co-CEO Ted Sarandos, as company cofounder Reed Hastings steps down and settles into an executive chairman position. The move made a lot of sense to industry insiders, and even publicly, Netflix had been signaling the ascension for some time. Netflix insiders said Bajaria's new title underscored the importance of TV versus film in the streaming wars.

☆ Netflix founder Reed Hastings is giving up CEO role
▼ + stars: | 2023-01-19 | by ( Rebecca Picciotto | ) www.nbcnews.com time to read: +1 min

Netflix’s Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced along side its earnings report Thursday. Greg Peters, most recently Chief Operating Officer, will assume the post of co-CEO in Hastings’ place. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the same time that Peters was appointed to his COO role. The succession announcement comes alongside the company’s fourth-quarter earnings report. The succession announcement comes alongside the company’s fourth-quarter earnings report.

☆ New Netflix co-CEO Greg Peters is set for a big raise with more than $30 million in potential stock options and bonuses — on top of a $3 million salary
▼ + stars: | 2023-01-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

As co-CEO Peters will receive an annual salary of $3 million, according to an SEC report. Peters could also receive more than $17 million in stock options and a $14 million bonus. According to a filing with the SEC, Peters will be raking in an annual salary of $3 million. Added to that, he'll get an annual stock option allocation totaling more $17 million and is also on track to receive an estimated bonus of more than $14 million. Added to that, Hastings will receive $2.5 million in stock options, the report notes.

☆ Netflix founder Reed Hastings stepping down as co-CEO
▼ + stars: | 2023-01-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. Under Hastings leadership, Netflix disrupted legacy movie rental companies like Blockbuster and helped shake up Hollywood by kicking off an arms race investing in original content. Last year, however, Netflix saw its stock and reputation take a hit after losing subscribers amid heightened competition from rival streaming services. In its earnings report on Thursday, the streamer said it added more than 7.6 million subscribers during the final three months of last year, well above the 4.5 million additions it had projected, for a total of more than 230 million subscribers worldwide.

[1/3] Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. "It was a baptism by fire, given Covid and recent challenges within our business," Hastings said in a statement. To kick-start growth, Netflix introduced a cheaper, ad-supported option last November in 12 countries. We believe we have a clear path to reaccelerate our revenue growth," Netflix said in its quarterly letter to shareholders. That 2011 initiative cost the company 800,000 subscribers and sent the stock plunging.

☆ AI art generators face separate copyright lawsuits from Getty Images and a group of artists
▼ + stars: | 2023-01-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Two separate lawsuits have been launched against AI text-to-image generators. Getty Images also began separate litigation against Stability AI, which is behind Stable Diffusion. On Tuesday, Getty Images filed a lawsuit against Stability AI, the company behind AI art tool Stable Diffusion, alleging it used copyrighted images to train software. The company said in a statement that Stability AI "unlawfully copied and processed millions of images protected by copyright." A representative for Stable Diffusion told Insider that the artists' "allegations represent a misunderstanding about how our technology works and the law."

☆ Netflix founder Reed Hastings is giving up his CEO role
▼ + stars: | 2023-01-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Netflix co-founder and CEO, Reed Hastings, is in Sydney to meet with executives of other subscription streaming services, February 25, 2022. Netflix founder Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced alongside its earnings report Thursday. Hastings co-founded Netflix in 1997. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the same time that Peters was appointed to his COO role. Scott Stuber, who was previously the head of global film, will step in as chairman of Netflix Film.

☆ Netflix added more Q4 subscribers than expected ahead of a shakeup in its executive ranks
▼ + stars: | 2023-01-19 | by ( Travis Clark | Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Netflix added more than 7 million subscribers in the fourth quarter, significantly more than expected. Greg Peters, the company's former COO who led its push into advertising, will take over the role. The stronger-than-anticipated subscriber growth comes as the company announced a shakeup in its top ranks: Netflix's co-founder Reed Hastings has stepped down as co-CEO. Following this report, Netflix will no longer provide subscriber forecasts but will continue to provide revenue guidance. In his role as COO, Peters led the company's expansion into advertising as the company sought new revenue drivers.

☆ Reed Hastings is stepping down as co-CEO of Netflix
▼ + stars: | 2023-01-19 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Netflix co-founder Reed Hastings has stepped down as co-CEO of the company after 25 years. Greg Peters, the streaming giant's COO, will take over as co-CEO with Ted Sarandos. As COO, Peters oversaw the launch of Netflix's new ad-supported tier and its expansion into Asia. Netflix's COO Greg Peters will step into the co-CEO role, joining Ted Sarandos, who has served as co-CEO since 2020, according to the company. In his final year as co-CEO, Hastings oversaw the successful launch of Netflix's new ad-supported tier and the company's latest attempts to crack down on password sharing.

☆ 4 key money moves in an uncertain economy, according to financial advisors
▼ + stars: | 2023-01-17 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

In some cases, it used to make financial sense to tap cheap credit for a larger purchase, rather than withdrawing money from a savings or investment account. If you currently have credit card debt, "grab one of the zero-percent or low-rate balance transfer offers," McBride advised. Put your cash to workOnce you've paid down debt, Peters recommends setting some money aside in separate savings account for emergency expenses. "Online savings accounts can be a way to earn money in times when other investments may not be returning well," he said. "It's not a huge return but you are not going to lose your money," he said.

☆ Let the consolidation begin: With venture markets frozen and profitability tenuous, proptechs turn to one another
▼ + stars: | 2023-01-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +6 min

The co-living operators Common and Habyt merged; Pagaya brought the property manager Darwin Homes. The proptech companies that sprang up by the dozens in the past few years are now looking to one another for help. A massive consolidation among companies that seek to make real-estate transactions and services more efficient and profitable is underway. Cushman & Wakefield reported 90% occupancy rates for co-living companies at the end of the third quarter of 2022, and traditional real-estate firms like Cushman and Greystar are now offering their own co-living brands. In property management, the consolidation phase is already well underway, said Paul Stanton, the other founding partner at Proptech Bankers.

☆ We updated our Netflix org chart — including new top advertising, gaming, and marketing leadership — after a year of layoffs and restructuring
▼ + stars: | 2023-01-12 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +2 min

2022 was a transformational year for Netflix that marked the streamer's foray into advertising. We updated our interactive chart of Netflix's power structure and key leaders. Top execs including former marketing chief Bozoma Saint John left the company, and a new guard emerged as Netflix expanded into businesses including advertising and hired execs with experience from Snap and Hulu to lead the charge. The streamer also shuffled around some key execs, restructuring its studio film team and centralizing TV and film for Europe, the Middle East, and Africa under content VP Larry Tanz. As the power dynamics shift at Netflix, we've updated our organizational chart of the top executives at the streaming company and who they report to.

☆ This global stock exchange is under-valued and offers a 'very good' entry point for investors, outperforming fund strategist says
▼ + stars: | 2023-01-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of the London Stock Exchange Group are trading at a "very good" entry point for investors after a 10% decline in the bourse's stock over the past month, according to a fund strategist. Hannah Gooch-Peters, global equity investment analyst at Sanlam Investments, said the U.K.'s premier stock exchange had performed well in the past year due to the volatility in the fixed-income markets and the high spot prices of commodities. LSEG-GB 5Y line The share price of the London Stock Exchange Group has risen by 101% between Jan 2018 and Jan 2023. The London Stock Exchange Group, which goes by the ticker LSEG, is the fifth largest holding at 4.1% of Gooch-Peters' $480 million fund. However, the consensus price target of analysts compiled by FactSet shows a 24% upside from the current share price.

From start to finish, Tuesday's 80th annual Golden Globe Awards was a very queer affair. Here are some of the evening's queerest (and gay Twitter meme-worthy) moments. Jerrod Carmichael apologizes to Jennifer Coolidge 'on behalf of all the gays'Jerrod Carmichael hosted the 80th annual Golden Globe Awards on Tuesday. The 26-year-old actor, who already has two Emmy awards for the same role, was not present to accept her Golden Globe. The Burnett award was started in 2019, with its namesake, comedian Carol Burnett, being its first honoree.

☆ Factbox: Golden Globes 2023: full list of winners
▼ + stars: | 2023-01-11 | by ( Danielle Broadway | ) www.reuters.com time to read: +2 min

[1/6] Steven Spielberg poses with his awards for Best Director in a Motion Picture and Best Picture Drama for "The Fabelmans" at the 80th Annual Golden Globe Awards in Beverly Hills, California, U.S., January 10, 2023. REUTERS/Mario AnzuoniLOS ANGELES, Jan 10 (Reuters) - Hollywood gathered Tuesday for the 2023 Golden Globes, the first major awards show of the season. After diversity and ethics scandals at the Globes organizer - the Hollywood Foreign Press Association - NBC declined to air the ceremony in 2022, but did broadcast it for its 80th anniversary. The following is the full list of winners:MOVIESBEST PICTURE-DRAMA“The Fabelmans”BEST PICTURE-MUSICAL OR COMEDY“The Banshees of Inisherin”BEST ANIMATED FILM“Guillermo del Toro's Pinocchio”BEST PICTURE (NON-ENGLISH LANGUAGE)“Argentina, 1985" (Argentina)BEST ACTRESS, DRAMACate Blanchett, “Tar”BEST ACTOR, DRAMAAustin Butler, “Elvis”BEST ACTRESS, MUSICAL OR COMEDYMichelle Yeoh, “Everything Everywhere All at Once”BEST ACTOR, MUSICAL OR COMEDYColin Farrell, “The Banshees of Inisherin”BEST SUPPORTING ACTRESSAngela Bassett, “Black Panther: Wakanda Forever”BEST SUPPORTING ACTORKe Huy Quan, “Everything Everywhere All at Once”BEST DIRECTORSteven Spielberg, “The Fabelmans”BEST SCREENPLAY“The Banshees of Inisherin,” Martin McDonaghBEST ORIGINAL SCORE“Babylon,” Justin HurwitzBEST ORIGINAL SONG“RRR,” “Naatu Naatu” by Kala Bhairava, M.M. Keeravani, Rahul SipligunjTELEVISIONBEST DRAMA SERIES“House of the Dragon”BEST MUSICAL OR COMEDY SERIES“Abbott Elementary”BEST LIMITED SERIES, ANTHOLOGY SERIES OR TV MOVIE“The White Lotus”BEST ACTRESS, DRAMAZendaya, “Euphoria”BEST ACTOR, DRAMAKevin Costner, “Yellowstone”BEST ACTRESS, MUSICAL OR COMEDYQuinta Brunson, “Abbott Elementary”BEST ACTOR, MUSICAL OR COMEDYJeremy Allen White, “The Bear”BEST SUPPORTING ACTRESS, MUSICAL, COMEDY or DRAMAJulia Garner, “Ozark”BEST SUPPORTING ACTOR, MUSICAL, COMEDY or DRAMATyler James Williams, “Abbott Elementary”BEST ACTRESS, LIMITED SERIES, ANTHOLOGY SERIES or TV MOVIEAmanda Seyfried “The Dropout”BEST ACTOR, LIMITED SERIES, ANTHOLOGY SERIES or TV MOVIEEvan Peters, “Dahmer - Monster: The Jeffrey Dahmer Story”BEST SUPPORTING ACTRESS, LIMITED SERIES, ANTHOLOGY SERIES or TV MOVIEJennifer Coolidge, “The White Lotus”BEST SUPPORTING ACTOR, LIMITED SERIES, ANTHOLOGY SERIES or TV MOVIEPaul Walter Hauser, “Black Bird”Reporting by Danielle Broadway; Editing by Mary Milliken and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Insider identified 75 of the most powerful execs at the streamer, in an interactive org chart. Product chief Greg Peters took on additional duties as chief operating officer and has since broadened his purview to include gaming. Former PepsiCo exec Sergio Ezama joined in 2021 to become Netflix's chief talent officer. Insider identified 75 of the most powerful executives now at Netflix. They include C-suite executives finance chief Spencer Neumann, as well as business leads like Bajaria and movie boss Scott Stuber.

The GOP-controlled House passes a rules package for 118th Congress with just one GOP defection, NBC’s Kyle Stewart reports. ... President Biden spends his final day in Mexico City at North American Leaders’ Summit. But first: The news that the Justice Department is reviewing Obama Era classified documents found at a think tank tied to President Biden is quite a political gift to Donald Trump. “When is the FBI going to raid the many homes of Joe Biden, perhaps even the White House?” Trump posted on his Truth Social account. 6: The number of shootings recently at or near the homes of New Mexico Democratic political leaders, including the incoming state House speaker.

☆ October 2022 was an 'inflection point' for markets, analyst says
▼ + stars: | 2023-01-10 | 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 EmailOctober 2022 was an 'inflection point' for markets, analyst saysHannah Gooch-Peters, global equity investment analyst at Sanlam Investments, says the U.S. dominated markets in the past decade, but October 2022 was an "inflection point."

☆ Factbox: Golden Globe awards: Full list of nominees
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +7 min

[1/5] Butler poses backstage after receiving the Breakthrough Performance Award at the 34th Annual Palm Springs International Film Festival Awards gala in Palm Springs, California, U.S., January 5, 2023. REUTERS/Mario AnzuoniJan 10 (Reuters) - Hollywood gathers on Tuesday for the 2023 Golden Globes, the first major awards show of the season. After diversity and ethics scandals at the Globes organizer - the Hollywood Foreign Press Association - NBC declined to air the ceremony in 2022, but will broadcast the show this year for its 80th anniversary. The following is the full list of nominees:MOVIESBEST PICTURE-DRAMA“Avatar: The Way of Water”“Elvis”“The Fabelmans”“Tar”“Top Gun: Maverick”BEST PICTURE-MUSICAL OR COMEDY"Babylon"“The Banshees of Inisherin”“Everything Everywhere All at Once”“Glass Onion: A Knives Out Mystery”“Triangle of Sadness”BEST ANIMATED FILM“Guillermo del Toro's Pinocchio”“Inu-Oh”“Marcel the Shell with Shoes On”“Puss in Boots: The Last Wish”“Turning Red”BEST PICTURE-NON-ENGLISH LANGUAGE“All Quiet on the Western Front" (Germany)“Argentina, 1985" (Argentina)“Close" (Belgium)“Decision to Leave" (South Korea)“RRR" (India)BEST ACTRESS, DRAMACate Blanchett, "Tar"Olivia Colman, “Empire of Light”Viola Davis, "The Woman King”Ana de Armas, "Blonde”Michelle Williams, "The Fabelmans”BEST ACTOR, DRAMAAustin Butler, “Elvis”Brendan Fraser, “The Whale”Hugh Jackman, “The Son”Bill Nighy, “Living”Jeremy Pope, “The Inspection”BEST ACTRESS, MUSICAL OR COMEDYLesley Manville, "Mrs. Harris Goes to Paris"Margot Robbie, “Babylon”Anya Taylor-Joy, “The Menu”Emma Thompson, “Good Luck to You, Leo Grande”Michelle Yeoh, “Everything Everywhere All at Once”BEST ACTOR, MUSICAL OR COMEDYDiego Calva, “Babylon”Daniel Craig, “Glass Onion: A Knives Out Mystery”Adam Driver, “White Noise”Colin Farrell, “The Banshees of Inisherin”Ralph Fiennes, “The Menu”BEST SUPPORTING ACTRESSAngela Bassett, “Black Panther: Wakanda Forever”Kerry Condon, “The Banshees of Inisherin”Jamie Lee Curtis, “Everything Everywhere All at Once”Dolly De Leon, “Triangle of Sadness”Carey Mulligan, “She Said”BEST SUPPORTING ACTORBrendan Gleeson, “The Banshees of Inisherin”Barry Keoghan, “The Banshees of Inisherin”Brad Pitt, “Babylon”Ke Huy Quan, “Everything Everywhere All at Once”Eddie Redmayne, “The Good Nurse”BEST DIRECTORJames Cameron, “Avatar: The Way of Water”Daniel Kwan and Daniel Scheinert, “Everything Everywhere All at Once”Baz Luhrmann, “Elvis”Martin McDonagh, “The Banshees of Inisherin”Steven Spielberg, “The Fabelmans”BEST SCREENPLAY“The Banshees of Inisherin,” Martin McDonagh“Everything Everywhere All at Once,” Daniel Kwan, Daniel Scheinert“The Fabelmans,” Steven Spielberg, Tony Kushner“Tar,” Todd Field“Women Talking,” Sarah PolleyBEST ORIGINAL SCORE“Babylon,” Justin Hurwitz“The Banshees of Inisherin,” Carter Burwell“The Fabelmans,” John Williams“Guillermo del Toro's Pinocchio,” Alexandre Desplat“Women Talking,” Hildur GuðnadóttirBEST ORIGINAL SONG“Lift Me Up” by Tems, Ludwig Göransson, Rihanna and Ryan Coogler (“Black Panther: Wakanda Forever”)“Ciao Papa” by Alexandre Desplat, Roeban Katz, Guillermo del Toro (“Guillermo del Toro's Pinocchio”)“Naatu Naatu” by Kala Bhairava, M.M. Keeravani, Rahul Sipligunj (“RRR")“Hold My Hand” by Lady Gaga, BloodPop, Benjamin Rice (“Top Gun: Maverick”)“Carolina” by Taylor Swift (“Where the Crawdads Sing”)TELEVISIONBEST DRAMA SERIES“Better Call Saul” (AMC)“The Crown” (Netflix)“House of the Dragon” (HBO Max)“Ozark” (Netflix)“Severance” (Apple TV+)BEST MUSICAL OR COMEDY SERIES“Abbott Elementary” (ABC)“The Bear” (FX)“Hacks” (HBO Max)“Only Murders in the Building” (Hulu)“Wednesday” (Netflix)BEST LIMITED SERIES, ANTHOLOGY SERIES OR TV MOVIE“Black Bird” (Apple TV+)“Dahmer - Monster: The Jeffrey Dahmer Story” (Netflix)“The Dropout” (Hulu)“Pam and Tommy” (Hulu)“The White Lotus” (HBO Max)BEST ACTRESS, DRAMAEmma D'Arcy, “House of the Dragon”Laura Linney, "Ozark”Imelda Staunton, “The Crown”Hilary Swank, “Alaska Daily”Zendaya, “Euphoria”BEST ACTOR, DRAMAJeff Bridges, “The Old Man”Kevin Costner, “Yellowstone”Diego Luna, “Andor”Bob Odenkirk, “Better Call Saul”Adam Scott, “Severance”BEST ACTRESS, MUSICAL OR COMEDYQuinta Brunson, “Abbott Elementary”Kaley Cuoco, “The Flight Attendant”Selena Gomez, “Only Murders in the Building”Jenna Ortega, “Wednesday”Jean Smart, “Hacks”BEST ACTOR, MUSICAL OR COMEDYDonald Glover, “Atlanta”Bill Hader, “Barry”Steve Martin, “Only Murders in the Building”Martin Short, “Only Murders in the Building”Jeremy Allen White, “The Bear”BEST SUPPORTING ACTRESS, MUSICAL, COMEDY OR DRAMAElizabeth Debicki, “The Crown”Hannah Einbinder, “Hacks”Julia Garner, “Ozark”Janelle James, “Abbott Elementary”Sheryl Lee Ralph, “Abbott Elementary”BEST SUPPORTING ACTOR, MUSICAL, COMEDY or DRAMAJohn Lithgow, “The Old Man”Jonathan Pryce, “The Crown”John Turturro, “Severance”Tyler James Williams, “Abbott Elementary”Henry Winkler, “Barry”BEST ACTRESS, LIMITED SERIES, ANTHOLOGY SERIES or TV MOVIEJessica Chastain, “George and Tammy”Julia Garner

☆ CNH Industrial union workers at two U.S. plants reject proposed contract
▼ + stars: | 2023-01-08 | by ( Bianca Flowers | ) www.reuters.com time to read: +3 min

Still, union members said the proposed contract failed to provide enough of a raise to combat inflation, additional vacation days or better healthcare coverage. The UAW represents about 1,000 workers at the plants, and union officials had warned a rejection of the latest offer was likely. With a tightening labor market, union workers in the industrial sector for companies such as Boeing (BA.N) and Deere & Co (DE.N) have gone on strike in recent years. For CNH workers, who last struck the company in 2004, some have taken second jobs to augment strike pay they receive from the UAW. Reporting by Bianca Flowers in Racine, Wisconsin; Editing by Leslie Adler, Ben Klayman, William Mallard and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

WASHINGTON — Sen. Debbie Stabenow, D-Mich., announced Thursday that she won't seek re-election in 2024, setting the stage for a competitive Senate race in a key battleground state during a presidential election year. Garlin Gilchrist, Secretary of State Jocelyn Benson, Attorney General Dana Nessel and state Sen. Mallory McMorrow, who gained a national following last year after going viral with her pushback against anti-LGBTQ rhetoric. Stabenow has served in the Senate since 2001 and previously served in the House from 1997 until her career began in the upper chamber. She holds several Democratic leadership roles including Senate Democratic Policy Committee chair and chair of the Senate Agriculture Committee. She has served alongside Sen. Gary Peters, D-Mich., since he came to Congress in 2015.

☆ Iggy Pop Isn’t About to Whitewash His Past
▼ + stars: | 2023-01-02 | by ( David Marchese | ) www.nytimes.com time to read: +18 min

Mamadi Doumbouya for The New York Times Talk Iggy Pop Isn’t About to Whitewash His PastIggy Pop’s life and work constitute one of music’s most remarkable survival stories. Iggy and the Stooges around 1969 — from left, Scott Asheton, Ron Asheton, Dave Alexander and Iggy Pop. But if you quietly say it to some sepulchral music, that’s a different thing, because you’re facing darkness once you hit 50. I don’t think that I was really thinking about anything. My doctor tells me I have a strong immune system, but I don’t think that’ll do it for you.

☆ The first quarter could determine how good or bad the new year will be
▼ + stars: | 2023-01-01 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The first quarter of the third year of a presidential term is consistently the best quarter for S & P 500 performance, according to CFRA data. "If everyone says the first half is going to be bad and the second half is going to be good, it could be the opposite. "The timing of the economic rebound probably starts in the second quarter so the market can look forward to it," he said. "Right now it's estimated to be down 3% year-on-year … We are looking at an earnings recession which is typically coincident with an economic recession." The second quarter is expected to be down 2.3%.

☆ The tunnels and bridges linking Asia to Europe
▼ + stars: | 2022-12-26 | by ( Lisa Morrow | ) edition.cnn.com time to read: +11 min

Sometimes called FSM Köprüsü, it’s another gravity-anchored steel suspension bridge similar in length to the First Bridge and costing a similar toll fee to use. Yavuz Sultan Selim BridgeThe Yavuz Sultan Selim Bridge opened in 2016. irina lepnyova/Adobe StockIn 2016, a third suspension bridge opened up across the Bosphorus, near the Black Sea. With a 58.8-meter-wide single deck slab, it is the world’s widest suspension bridge, able to carry eight lanes of traffic and a double-track railway line. Çannakale 1915 BridgeThe 1915 Canakkale Bridge has the world's longest suspension bridge span. Measuring just short of 2.3 miles, it now claims the world record for the longest suspension bridge span.

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