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☆ Musk fired Twitter execs in attempt to avoid payouts, layoffs planned - reports
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +2 min

Oct 29 (Reuters) - Twitter's (TWTR.N) new owner Elon Musk fired top executives in an effort to avoid hefty severance payouts, while lining up other layoffs as soon as Saturday to avoid stock grants due on Nov. 1, according to media reports on Saturday. He had accused them of misleading him and Twitter investors over the number of fake accounts on the platform. In a tweet on Saturday LightShed analyst Rich Greenfield said Musk fired top Twitter execs "for cause," preventing their unvested stock from vesting as part of a change of control. Reuters wasn't immediately able to make contact with the fired executives. Citing unidentified people familiar with the matter, the Times reported the cuts could begin as soon as Saturday.

☆ United States pledges further $30 million in aid to flood-hit Pakistan
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

ISLAMABAD, Oct 27 (Reuters) - The United States will give Pakistan a further $30 million in aid to help millions of people whose lives were disrupted by severe flooding in recent months, the U.S. Embassy in Islamabad said on Thursday. The funding would take the total in disaster-related assistance from the U.S. to Pakistan this year to $97 million. Pakistani officials have estimated damage from torrential monsoon rains that killed over 1,000 people and displaced tens of millions at more than $40 billion. This month, the United Nations revised up its humanitarian aid appeal for Pakistan five-fold to $816 million from $160 million, as a surge of water-borne diseases and fear of growing hunger posed new dangers after weeks of unprecedented flooding. Reporting by Charlotte Greenfield Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

☆ U.S., allies slam Russia for wasting U.N. Security Council time
▼ + stars: | 2022-10-27 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

REUTERS/Eduardo MunozUNITED NATIONS, Oct 27 (Reuters) - The United States and allies slammed Russia on Thursday for wasting the time of the U.N. Security Council and spreading conspiracies by again raising its accusation that the United States has "military biological programs" in Ukraine. Russia has previously raised at least twice at the Security Council the issue of biological weapons programs in Ukraine. It has drafted a Security Council resolution to set up a commission, made up of all 15 council members, to investigate its claims. Such a move is possible - but has never been invoked - under the Biological Weapons Convention, which took effect in 1975. Ambassador to the United Nations Linda Thomas-Greenfield described Russia's accusations as "pure fabrications brought forth without a shred of evidence."

☆ Meta's Facebook is losing to TikTok on growth, says LightShed's Rich Greenfield
▼ + stars: | 2022-10-27 | 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 EmailMeta's Facebook is losing to TikTok on growth, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins CNBC's 'Squawk Box' to react to Meta's disappointing earnings report, which sent shares of the company lower in pre-market trading on Thursday.

☆ Pakistan ex-PM Khan announces march on capital to call for early elections
▼ + stars: | 2022-10-25 | by ( Mubasher Bukhari | ) www.reuters.com time to read: +2 min

LAHORE, Oct 25 (Reuters) - Former Pakistani Prime Minister Imran Khan announced on Tuesday that he would begin a protest march with his supporters from the eastern city of Lahore to Pakistan's capital Islamabad on Friday to call for early elections. "I am marching to press the government to announce elections immediately," he said, adding his supporters and party members should avoid violence. Last week's ruling has added to the political and economic uncertainty plaguing Pakistan this year. The political instability has also fuelled economic uncertainty, with international ratings agencies questioning if the current government can maintain difficult economic policies in the face of political pressure and looming elections. ($1 = 220.5000 Pakistani rupees)Reporting by Mubasher Bukhari; Writing by Charlotte Greenfield; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

☆ This semiconductor stock can rally more than 50% as it ramps up capacity, JPMorgan says in upgrade
▼ + stars: | 2022-10-24 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to buy shares of Wolfspeed , according to JPMorgan. Analyst Samik Chatterjee upgraded shares of Wolfspeed to overweight from neutral heading into a key investor day on Oct. 31 that will likely prove the "capacity ramp key to delivering on the bull thesis on the shares." Shares of Wolfspeed outperformed this year, down only 5.4%, as investors expect greater adoption of its silicon carbide semiconductors as demand for electric vehicles grow. Electric vehicle production is supposed to ramp up at a more than 20% compounded annual growth rate, according to the note. Meanwhile, Wolfspeed's investor day could show whether the company can meet that demand through its Mohawk Valley facility.

☆ These 10 LGBTQ candidates could make political history in November
▼ + stars: | 2022-10-23 | by ( Matt Lavietes | Matt Lavietes Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +11 min

More than 600 lesbian, gay, bisexual, transgender and queer candidates will be on the ballot Nov. 8 — up from the 432 candidates in the previous midterm elections in 2018 — according to the political action committee LGBTQ Victory Fund. But even as an LGBTQ political leader, Balint, who is a lesbian, has faced pushback for her sexuality. He previously told NBC News that his Republican political affiliation was a result of his family's affection for former President Ronald Reagan. Jennie ArmstrongRunning for: Alaska House of Representatives, District 16Andrew GrayRunning for: Alaska House of Representatives, District 20If elected would be the first: LGBTQ state lawmaker(s) in Alaskan history. Alaska is one of four states with zero out LGBTQ state lawmakers, according to the LGBTQ Victory Fund.

☆ Taliban kill six Islamic State members in raid in Afghan capital - spokesman
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

KABUL, Oct 22 (Reuters) - Taliban security forces killed six Islamic State members in an overnight operation in the Afghan capital, Kabul, a spokesman for the ruling group's administration said on Saturday. "They were the attackers of the Wazir Akbar Khan mosque and also ... of Kaaj Institute," said Ahmadi, who said one Taliban security force member was killed in the operation. read moreSince the Taliban took over in 2021, they say they have focused on securing the country after decades of war. The Afghan affiliate of Islamic State, known as Islamic State Khorasan, after an old name of the region, are enemies of the Taliban. Fighters loyal to Islamic State first appeared in eastern Afghanistan in 2014, and later made inroads in other areas.

Lloyds updated its climate policy to make the change, which bars project financing or reserve-based lending to greenfield oil and gas projects, although the policy would still mean it could provide general lending to companies in the industry. read moreClimate groups welcomed the Lloyds move and called on other British banks to follow suit. "By becoming the first of the five largest UK high street banks to stop the direct financing of new gas, oil, and coal projects, Lloyds is making a clear statement on the future of financing for fossil fuel expansion." Lloyds' exposure to dirty industries is smaller than some of its global rivals, given its focus on Britain's economy. The bank provided about 1 billion pounds ($1.1 billion) of finance to commercial oil and gas customers last year, according to its latest climate disclosures report, and the sector accounted for just 0.2% of its overall lending.

☆ The Trumps really, really, wanted a new judge in NY's $250M fraud lawsuit. But that judge's boss just said no.
▼ + stars: | 2022-10-20 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Donald Trump and his sons had repeatedly asked for a new judge in NY's $250 million fraud lawsuit. The current judge, state Supreme Court Justice Arthur Engoron, once held Trump in contempt of court. James is especially concerned that Trump may try to move assets from the Trump Organization to a new entity he created, the Trump Organization II. Trump's lawyer in the matter, Habba, called James' latest demands a "stunt." In a press statement Thursday she said, "We have repeatedly provided assurance, in writing, that the Trump Organization has no intention of doing anything improper."

☆ U.N. Considers Sanctions, International Mission to Restore Security in Haiti
▼ + stars: | 2022-10-19 | by ( José De Córdoba | Ingrid Arnesen | ) www.wsj.com time to read: 1 min

The United Nations is expected to vote this week on sanctions against a powerful gang leader in Haiti who has blocked supplies of food, fuel and drinking water as the impoverished Caribbean country struggles with a cholera outbreak. The sanctions resolution, drafted by the U.S. and Mexico, would target gang leader Jimmy Cherizier —known as Barbecue—and others, and would aim to clamp down on illicit arms sales to Haiti. Ambassador to the U.N., Linda Thomas-Greenfield , had called Monday for a non-U.N. mission led by a yet-to-be-named country.

☆ Investors are realizing Netflix has growth ahead: LightShed's Greenfield on earnings
▼ + stars: | 2022-10-18 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are realizing Netflix has growth ahead: LightShed's Greenfield on earningsLightShed Partners' Rich Greenfield breaks down Netflix earnings after the company beat on the top and bottom lines, and with Q3 sub numbers. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Guy Adami, Dan Nathan and Julie Biel.

☆ U.S., Mexico call for Haiti security mission to confront gangs
▼ + stars: | 2022-10-17 | by ( Brian Ellsworth | ) www.reuters.com time to read: +2 min

Oct 17 (Reuters) - The United States and Mexico said on Monday they will seek support from the United Nations for a security mission to restore order in Haiti amid a worsening humanitarian crisis, but did not identify who would lead the mission. United Nations Secretary-General Antonio Guterres earlier this month suggested sending in a "rapid-action force," according to a letter seen by Reuters. read moreU.S. lawmakers introduced a bill on Monday to investigate and punish any political elites colluding with the gangs. "Will sending such a rapid action force to Haiti receive the understanding, support and cooperation of the parties in Haiti?" A U.N. peacekeeping mission known as MINUSTAH, which operated in Haiti between 2004 and 2017, faced harsh criticism over problems including its role in a 2010 cholera outbreak.

☆ Index Ventures VCs say vertical software can be 'mission critical' for companies to survive the downturn. Here's what they're looking for in their next investment
▼ + stars: | 2022-10-17 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Index Ventures VCs Nina Achadjian and Paris Heymann are betting on vertical software in the downturn. Here's how founders of vertical-software companies can pitch them. Vertical software, or software tailored to specific industries, is poised to do well amid the current economic downturn, two VCs at Index Ventures said. When considering vertical-software companies to invest in, the most important thing they look for is the right kind of founding team. For vertical-software companies, it's important that the founders are familiar with the industry they're trying to sell to, they said.

☆ Iowa GOP Sen. Chuck Grassley, who's seeking his eighth term in office, has a slim lead over Democratic challenger Mike Franken, poll says
▼ + stars: | 2022-10-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Veteran GOP Sen. Chuck Grassley has a slim three-point lead over Democratic challenger Mike Franken. The Des Moines Register/Mediacom Iowa Poll showed Grassley leading Franken 46%-43% among likely voters. Grassley usually wins reelection handily, but Franken might give him his toughest race in decades. Franken, a retired United States Navy vice admiral, unsuccessfully sought the Democratic Senate nomination in 2020 but was defeated by businesswoman Theresa Greenfield. This year, Franken won the Democratic nomination over former Rep. Abby Finkenauer in a party primary.

☆ United Nations condemns Russia's move to annex parts of Ukraine
▼ + stars: | 2022-10-12 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

Monitors at the United Nations General Assembly hall display a vote on a resolution condemning the annexation of parts of Ukraine by Russia, amid Russia's invasion of Ukraine, at the United Nations Headquarters in New York City, New York, U.S., October 12, 2022. Ambassador to the United Nations, Linda Thomas-Greenfield, who said the result showed Russia could not intimidate the world. The General Assembly vote followed a veto by Russia last month of a similar resolution in the 15-member Security Council. 'DOUBLE STANDARDS'The moves at the United Nations mirror what happened in 2014 after Russia annexed Ukraine's Crimea. The General Assembly then adopted a resolution declaring the referendum invalid with 100 votes in favor, 11 against and 58 formal abstentions.

☆ How newsletter startup Workweek plans to become the next Condé Nast — and sell chicken sandwiches
▼ + stars: | 2022-10-11 | by ( Dan Whateley | ) www.businessinsider.com time to read: +7 min

Workweek is a media company built around a roster of 21 newsletter writers. This summer, the operations team at the business-focused media startup Workweek began brainstorming the best way to open a chicken restaurant. Regardless of whether Workweek begins selling chicken or not, the project is already a success in its CEO Adam Ryan's eyes. "One of the things that we wanted to answer was, could we make 10 times more revenue per subscriber than the average media company?" Heading into 2023, Workweek plans to expand its talent roster and grow into new content verticals.

☆ Here are Thursday's biggest analyst calls: Apple, Exxon, Coinbase, Alphabet, Amazon, Marvell & more
▼ + stars: | 2022-09-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Wells Fargo initiates Coinbase as underweight Wells said in its initiation of the crypto company that it sees too many headwinds for shares of Coinbase. Cowen initiates CyberArk as outperform Cowen said it sees "growth and profitability" for the company. Stifel reiterates Marvell as buy Stifel said Marvell is one of the resilient stocks in the firm's coverage. Rosenblatt upgrades Apple to buy from neutral Rosenblatt said that its survey checks show consumers love the latest iPhone products. "We upgrade Apple to Buy from Neutral, and move our price target up $29 to $189.

REUTERS/Ali KharaKABUL, Sept 27 (Reuters) - The Taliban have signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters. Azizi said the deal would involve Russia supplying around one million tonnes of gasoline, one million tonnes of diesel, 500,000 tonnes of liquefied petroleum gas (LPG) and two million tonnes of wheat annually. The office of Russian Deputy Prime Minister Alexander Novak, who is in charge of oil and gas, also did not immediately respond. He said Afghanistan also received some gas and oil from Iran and Turkmenistan and had strong trade ties with Pakistan, but also wanted to diversify. The European Union will ban Russian crude imports by Dec. 5 and Russian oil products by Feb. 5.

☆ New Zealand finance minister sees inflation easing but no quick drop
▼ + stars: | 2022-09-26 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

New Zealand's finance minister, Grant Robertson, speaks about the "wellbeing" budget in Wellington, New Zealand, May 30, 2019. REUTERS/Charlotte Greenfield/File PhotoWELLINGTON, Sept 27 (Reuters) - New Zealand's finance minister Grant Robertson said on Tuesday that inflation is likely to moderate but it won't be a quick drop back to the levels that people are used to seeing. "This is a difficult period, but we are looking to see inflation start to trend down from this quarter onwards." He added while things have been tough, there's every reason to be optimistic about the New Zealand economy because it has done pretty well up to this point. Register now for FREE unlimited access to Reuters.com RegisterReporting by Lucy Craymer; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Pakistan's finance minister says he will formally resign from role
▼ + stars: | 2022-09-25 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterMiftah Ismail, Pakistan's Federal Minister for Finance and Revenue, speaks during an interview with Reuters in Islamabad, Pakistan, September 18, 2022. REUTERS/SalahuddinISLAMABAD, Sept 25 (Reuters) - Pakistan's finance minister Miftah Ismail said on Sunday he planned to formally resign from the role, a change that comes as the country grapples with an economic crisis exacerbated by destructive flooding. "I have verbally resigned as Finance Minister," Ismail said in a Tweet, adding that he had signalled his plans to the country's Prime Minister Shehbaz Sharif during a meeting. Ismail and Sharif are currently in London and due to return to Pakistan early next week. Register now for FREE unlimited access to Reuters.com RegisterReporting by Asif Shahzad; writing by Charlotte Greenfield; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Blast near Kabul mosque after Friday prayers causes casualties
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

KABUL, Sept 23 (Reuters) - A blast near a mosquerocked the Afghan capital on Friday as people were streaming out of afternoon prayers, authorities said, but the number of casualties was not yet known, and there was no immediate claim of responsibility. The explosion was the latest of a deadly series at mosques during Friday prayers in recent months, some of them claimed by the militant group Islamic State. "After prayers, when people wanted to come out from the mosque, a blast happened," said Kabul police spokesman Khalid Zadran. "All casualties are civilians, the exact number is not clear yet." Register now for FREE unlimited access to Reuters.com RegisterReporting by Charlotte Greenfield and Mohammad Yunus Yawar; Editing by Raissa Kasolowsky and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Ben & Jerry’s is using its popular ice cream to encourage voter turnout in Black communities. The ice cream company announced Tuesday the rebranding of its signature Change Is Brewing ice cream flavor, debuting a new look and focus. Like the initial launch for Change Is Brewing, Ben & Jerry’s collaborated with Black entrepreneurs for the rebranding. It hired multidisciplinary artist Laci Jordan, who designed the ice cream container, and tapped BLK & Bold Specialty Beverages for the ice cream’s coffee ingredients. What their desires are.”The “We Won’t Black Down” tour is headed to North Carolina and Texas next.

☆ Taliban replaces Afghan acting education minister in reshuffle
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ali KharaKABUL, Sept 20 (Reuters) - The Taliban's supreme leader issued an order on Tuesday announcing a reshuffle of several national and provincial positions, including replacing the acting education minister. Acting education minister Noorullah Munir would be replaced in the role by the head of Kandahar's provincial council, Maulvi Habibullah Agha. Afghanistan's education system has been in the spotlight since the Taliban took over the country just over a year ago. The group had largely banned education of girls when last in power two decades ago but had said its policies had changed. Taliban and diplomatic sources told Reuters that last week several ministers had gathered in Kandahar for a cabinet meeting led by the supreme leader.

☆ Biden to urge allied nations for more Ukraine support at U.N. General Assembly
▼ + stars: | 2022-09-20 | by ( Amanda Macias | ) www.cnbc.com time to read: +2 min

UNITED NATIONS — When U.S. President Joe Biden takes the famed speakers rostrum at the United Nations Assembly Hall on Wednesday, he will do so under immense international scrutiny. Biden's address to the 77th United Nations General Assembly comes as Russia's war in Ukraine marches past its 200th day, while governments continue to grapple with the fallout of the Covid-19 pandemic and as climate change uncertainties mount. Linda Thomas-Greenfield, Biden's Ambassador to the United Nations, told reporters on Friday that a U.S. delegation will meet with a Ukrainian delegation on the sidelines of the U.N. General Assembly. What they're interested in is continuing to raise this unprovoked war on Ukraine," she told reporters during a press briefing at the United Nations. Michele Sison, assistant secretary for International Organization Affairs at the State Department, said the Biden administration did not view this year's General Assembly "as business as usual."

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