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☆ Dollar General's new Popshelf stores chase inflation-weary shoppers in the suburbs
▼ + stars: | 2022-12-13 | by ( Melissa Repko | ) www.cnbc.com time to read: +3 min

In this article DG Follow your favorite stocks CREATE FREE ACCOUNTwatch nowHigher incomes, higher profitsPopshelf is designed to drive higher sales and higher profits than the Dollar General store banner. Each Popshelf store is projected to hit between $1.7 million and $2 million in sales annually with an average gross margin rate that exceeds 40%. Inside of Popshelf stores, the brands and items on shelves reflect that customer. Dollar General is the fastest-growing retailer in the country by store count, according to Coresight Research, a retail-focused advisory firm. The company plans to open about 1,050 new stores in the U.S. in the coming fiscal year — including the Popshelf locations.

☆ Inflation has peaked — but it's not returning to pre-Covid levels in 2023, Mastercard says
▼ + stars: | 2022-12-12 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. Central banks around the world have been hiking interest rates as recently as November in response to high inflation. The Fed will hold its December policy meeting this week, where it is expected to hike interest rates by 50 basis points. But he warned that it would be risky if central banks end up hiking rates more than they need to. It would be a "serious scenario" if central banks "end up going slightly too far and then need to reverse relatively quickly," he added.

☆ Brazil's best shooters should have taken penalties first, says Klinsmann
▼ + stars: | 2022-12-12 | by ( Rohith Nair | ) www.reuters.com time to read: +3 min

Croatia, the 2018 runners-up, stunned Brazil 4-2 on penalties after Marquinhos and Rodrygo failed to convert. "After conceding the equaliser in the 117th minute, Brazil had no time to switch gears. From the disappointment of conceding a last minute goal to the penalty shootout, there was no time to settle and approach the shootout positively. "With Argentina, they had extra time to play, even with the shock of the (Wout) Weghorst equaliser in the last minute," Klinsmann added. At the end of the game they were far more clearer (in the head) going into the penalty shootout."

☆ Half of US employers are planning layoffs. Here's how to start 'career cushioning' so that you aren't screwed if you lose your job.
▼ + stars: | 2022-12-10 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

It helps to be prepared — to "career cushion" — so you're not blindsided if you lose your job. Start by updating your LinkedIn profile, networking more creatively, and thinking about your goals. Knowing you're prepared for whatever comes next can help mitigate some of that terror. Update your social-media profilesHeitmann said the first — and potentially easiest — thing to do is update your LinkedIn profile. "It's always helped me to really think through how to be prepared," Heitmann said.

When she checked availability of these pain- and fever-reducing meds this week, out of 40 products – different flavors, sizes and strengths – none was in stock. For kids over 2 months of age, there is no magic number at which a fever needs to be treated. She says this is a great option for kids who can’t keep food or liquids down, too. What not to doThere are also some important things not to do if you can’t find the medication you need. Also, lukewarm baths are OK, but it’s not a good idea to put a child with a fever into a cold bath, Ahmann says.

This week she was arrested in a raid as part of a group suspected of plotting to violently overthrow the German government. Prosecutors have said the 58-year-old, a member of the far-right Alternative for Germany (AfD) party, was to become justice minister in a new state headed by aristocrat Heinrich XIII Prinz Reuss after the coup. The AfD said in a statement on Wednesday that it condemned the efforts of the suspected plotters. The inscription 'To the German people' is written above the entrance to the Reichstag building, the seat of Germany's lower house of parliament Bundestag, in Berlin, Germany December 9, 2022. Nationwide it is polling at 14%, making it the most successful far-right party in Germany since World War Two.

☆ Long Covid's financial devastation: $8,000 in credit card debt, ruined retirement plans
▼ + stars: | 2022-12-08 | by ( Annie Nova | ) www.cnbc.com time to read: +8 min

More than a third of respondents said their income had gone down as a result of long Covid. "Long Covid is as much part of the pandemic as is the acute phase, during which the government went to great lengths to treat people and save lives," said Oved Amitay, president of the Long Covid Alliance, an advocacy group. Of the long Covid patients she has seen, only 2 out of 50 who have applied for SSDI have been approved so far, she said. Sharon Sunders long Covid patient"They may not have the resources to go through the process," Verduzco-Gutierrez said. 'There's a tidal wave of us coming'Sunders wishes the Biden administration would do more to help those financially struggling with long Covid.

CNN —German officials arrested 22 suspected members and three suspected supporters of a far-right terrorist organization across the country on Wednesday on suspicion of plotting to overthrow the government. Christian Mang/ReutersPolice secure an area in Berlin, Germany on Wednesday after arresting supporters of a far-right terrorist organization. Christian Mang/ReutersThe statement said the suspected members of the organization were German nationals. Two of the suspected supporters were German and one was Russian, it added. “The Federal Public Prosecutor is investigating a suspected terrorist network from the Reich citizen milieu,” Buschmann said on Twitter.

☆ This former tech worker is helping change laws for people who get laid off
▼ + stars: | 2022-12-06 | by ( Faith Karimi | ) edition.cnn.com time to read: +10 min

CNN —Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020. She emerged as a passionate advocate for tech workers by seeking legal protections for whistleblowers. “So many people reached out when I told my story, and most of them were tech workers or workers within the tech industry,” she said. The 30-year-old mentors activists and other people fighting all over the world against workplace discrimination. After leaving Pinterest, Ozoma moved to a farm near Santa Fe, New Mexico, where she grows her own vegetables and raises a flock of chickens nicknamed the Golden Girls.

☆ Ifeoma Ozoma is a passionate advocate for tech whistleblowers. It all started with tweets
▼ + stars: | 2022-12-06 | by ( Faith Karimi | ) edition.cnn.com time to read: +10 min

☆ German court dismisses challenge to 750 bln euro EU recovery fund
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Dec 6 (Reuters) - Germany's constitutional court on Tuesday threw out a legal challenge to the European Union's 750-billion-euro ($786 billion) recovery fund, which saw the EU take on joint debt to help member states overcome the COVID-19 crisis. German Finance Minister Christian Lindner welcomed the ruling but said some aspects of the decision would have to be closely analysed by the government. The funds are to be repaid from the EU budget over the coming decades, with Germany shouldering by far the biggest share of any member state. The court ruled that the ratification act had not violated their right to democratic self-determination nor did it "impair the overall budgetary responsibility of the Bundestag". Lucke expressed disappointment at the ruling but said it was positive that the court had emphasized the EU has no general authority to take on common debt.

☆ Credit Suisse business is stable, chairman tells broadcaster SRF
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Dec 5 (Reuters) - Credit Suisse (CSGN.S) is "definitely stable," Chairman Axel Lehmann told Swiss broadcaster SRF on Monday, adding that the embattled bank had seen a stabilisation in the outflows of client funds. "Thankfully, the outflows have stabilised," Lehman told SRF in an interview to be broadcast on Monday. Funds were also starting to return to the bank, he said, particularly in its Swiss home market. "What is the earnings power of the Swiss business, wealth management, asset management and the part of the investment bank we retain, and then from 2024 produce positive numbers." Reporting by John Revill; Editing by Mark Porter and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

☆ 'I needed more in my life': Pandemic spurs women to choose flexibility, freedom over traditional office jobs
▼ + stars: | 2022-12-05 | by ( Korie Wilkins | ) www.businessinsider.com time to read: +5 min

Women are choosing freelance work over office jobs. They are all looking for flexible work, with many of them looking for contingent or freelance work." Photo provided by Kimberly HermannA friend told Hermann about Hay There Social Media's training program and she jumped in. Others have the freedom to pursue freelance work because they have a partner or spouse who has a job that includes benefits like healthcare. Cohen said these challenges and changes will likely continue to fuel the shift toward contract or freelance work for women.

☆ World Cup winners will be team with best wide players, Wenger says
▼ + stars: | 2022-12-04 | by ( Martin Petty | ) www.reuters.com time to read: +3 min

"The teams block the centre of the pitch, so they open more on the flanks... it means the best teams who have the best wide players have the best chance to win the World Cup," Wenger said in a presentation in Qatar on Sunday. That defensive pattern also led to a 33% reduction since the 2018 World Cup in Russia in the number of "take-ons", or players in possession of the ball running at defenders and beating them, while many were being forced out wide. "This means the technical level of a goalkeeper distributing with has feet has become a vital element of quality of a team," Wenger said. "He is becoming a real part of the team; now they're part of the team, it's the modern part of the team." He also said he favoured the increase in the number of World Cup teams from 32 to 48 in 2026, saying it would encourage countries to raise their domestic standards.

WASHINGTON — Democrats advanced a plan Friday to reorder the early voting states in their presidential primary calendar, one that would put South Carolina first, jettison Iowa and demote New Hampshire. The overhaul calls for South Carolina to hold its Democratic primary on Feb. 3, followed by Nevada and New Hampshire on Feb. 6. Georgia would hold its primary on Feb. 13, with Michigan rounding out the early voting on Feb. 27. Democrats have spent months debating their primary calendar, aiming to increase the diversity of states that help select the party’s standard-bearer and to add more general election battlegrounds to the mix. "Our first-in-the-nation primary is part of our culture and has been in place for over 100 years.

☆ Factbox: Global banks take axe to jobs as cost pressures mount
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +4 min

LONDON, Dec 2 (Reuters) - Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Rising cost pressures as a result of inflation and shrinking revenues in many core business lines amid volatile markets are making bank bosses nervous about profitability in 2023. CITIGROUPCiti (C.N) eliminated dozens of jobs across its investment banking division, as a dealmaking slump continues to weigh on Wall Street's biggest banks, Bloomberg News reported on Nov.8. CREDIT SUISSECredit Suisse (CSGN.S) is accelerating cost cuts announced just weeks ago, Chairman Axel Lehmann said on Dec. 2, confirming a Reuters report, as the bank races to slash its cost base by around 2.5 billion Swiss francs ($2.68 billion). DEUTSCHE BANKDeutsche Bank (DBKGn.DE), Germany's largest bank, cut staff in its investment bank's origination and advisory teams in October, in a move than affected mostly junior bankers.

☆ Credit Suisse chairman says outflows have basically stopped
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: 1 min

ZURICH, Dec 2 (Reuters) - Credit Suisse (CSGN.S) Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank's outflows have basically stopped and that it is seeing partial inflows. Credit Suisse has reported sharp outflows as wealthy clients move assets elsewhere, while the bank battles to recover from a string of scandals by focusing more on its flagship wealth management franchise and pruning back investment banking. Credit Suisse, whose shares have plunged this year to record lows, is in the midst of raising 4 billion Swiss francs ($4.23 billion) to bolster its finances. Reporting by Noele Illien; Editing by Michael ShieldsOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Why payrolls might not matter to markets
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +4 min

It's payrolls Friday, yet the most keenly awaited U.S. economic data point may not hold much sway over markets that are already behaving as if the U.S. tightening cycle is over. If it holds at current levels, this would mark one of the biggest weekly drops in the last two years . One line of argument goes that to justify the move seen in government bond markets, the Fed needs to be more or less done in December. So, where does this all leave the November non-farm payrolls report out at 1330 GMT? In the light of that data, markets may be anticipating a lower number later on.

☆ Outflows at Credit Suisse have partially reversed - chairman
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Dec 1 (Reuters) - Client fund outflows at Credit Suisse (CSGN.S) have partially reversed and very few clients have left entirely, Chairman Axel Lehmann told a Financial Times conference on Thursday. "It was a storm in the retail and partially in the wealth management segment, in particular in Asia, where we had really massive outflows for two to three weeks," Lehmann said. "Since then it completely flattened out and it partially reversed," he said. Credit Suisse has reported sharp outflows as wealthy clients move assets elsewhere, while the bank battles to recover from a string of scandals by focusing more on its flagship wealth management franchise and pruning back investment banking. Credit Suisse, whose shares have plunged this year to record lows, is in the midst of raising 4 billion Swiss francs ($4.23 billion) to bolster its finances.

☆ As overdoses soar in rural America, more clinicians are prescribing addiction medications
▼ + stars: | 2022-11-30 | by ( Tony Leys | Kaiser Health News | ) www.nbcnews.com time to read: +12 min

The Health Resources and Services Administration, which aims to improve health care for underserved people, offers many of these grants. But the use of methadone for addiction treatment is tightly regulated, due to concerns that it can be abused. Federal regulators approved Suboxone in 2002, opening an avenue for addiction treatment in towns without methadone clinics. Or a patient’s primary doctor could take over the buprenorphine treatment after an addiction treatment specialist stabilizes a patient. Storjohann said some health care professionals believe addiction treatment would lead to frustration, because patients can repeatedly relapse.

A Missouri inmate convicted of ambushing and killing a St. Louis area police officer he blamed for the death of his younger brother was executed Tuesday, officials said. Kevin Johnson, 37, was put to death by lethal injection at the state prison in Bonne Terre. The execution began at 7:29 p.m., and Johnson was pronounced dead at 7:40 p.m., said Karen Pojmann, spokesperson for the Missouri Department of Corrections. “We miss Bill every day of our lives.”Khorry Ramey with her father, Kevin Johnson, and her son, Kiaus. via ACLUOn July 5, 2005, police were searching for Johnson, who was on probation for assaulting his girlfriend.

[1/2] Christel Heydemann, CEO of Orange, attends the MEDEF union summer forum "La Rencontre des Entrepreneurs de France, LaREF" at the Paris Longchamp Racecourse in Paris, France, August 30, 2022. 1 telecoms operator Orange (ORAN.PA) said on Wednesday, as the prospect of energy rationing looms amid the war in Ukraine. Executives said at the time there were not enough back-up systems in many European countries to handle widespread power cuts. "The operators put pressure so that we don't cut their antennas, there's a kind of arm wrestling," the source told Reuters. Only a few thousands mobile antennas would be completely shielded from potential power cuts at this stage, a telecoms industry source said, thus covering a fraction of the population and of the territory.

☆ Juventus has no requirement of additional capital, says Exor's Elkann
▼ + stars: | 2022-11-30 | by ( Daniel Wiessner | ) www.reuters.com time to read: +1 min

MILAN, Nov 30 (Reuters) - Serie A soccer club Juventus (JUVE.MI) does not need a fresh capital injection, the chief executive of controlling shareholder Exor (EXOR.AS) said on Wednesday. Exor on Tuesday proposed accountant Gianluca Ferrero as the new chairman of Juventus, marking the end of the long reign of Andrea Agnelli as the Italian soccer club tries to get to grips with its financial and legal troubles. "Juventus has no requirement of capital," Exor CEO John Elkann told analysts and investors at a business presentation of the holding company of Italy's Agnelli family. "Football is a very valuable sector, the ingredients that Juventus has and the leadership ahead are going to make the differences," Elkann said, adding Exor was very encouraged by the future of the club. Reporting by Giulio Piovaccari Editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

Amazon fired Smalls in March 2020, saying he joined a protest at the Staten Island warehouse where he supervised other workers despite being on paid quarantine after he had close contact with someone diagnosed with COVID-19. Smalls in the lawsuit says he was targeted because of his race and his advocacy for the warehouse's largely non-white workforce. The 2nd Circuit judges on Tuesday said he failed to back up those claims, echoing a New York federal judge who dismissed the case last year. Smalls and other workers at the warehouse founded the Amazon Labor Union, which in April won the first U.S. union vote in Amazon's 27-year history. Smalls may have believed that Amazon's practices were racially motivated, Schwartz said, but "Amazon is not required to read his mind."

☆ Stocks have not yet bottomed and investors should be prepared for flat returns through 2023, Goldman Sachs says
▼ + stars: | 2022-11-28 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Despite a relief rally this month, Goldman Sachs says the stock market has still not bottomed out. Investors should have less exposure to stocks and bonds in the near-term, the bank wrote in a note on Monday. A Goldman analyst broke down why investors may want to allocate more to cash and credit for now. But the party isn't going to last, according to Goldman Sachs strategist Christian Mueller-Glissmann, and there are a number of conditions that have still not been met in order for a market bottom to form. And the recent relief rally on peak inflation/hawkishness hopes has reduced risk premia on cyclical assets again."

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