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☆ McDonald's is laying off hundreds of corporate employees and letting some stay with lower benefits, reports say
▼ + stars: | 2023-04-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

McDonald's employees have expected job cuts since January, Insider reported. The company is letting go of "less than 1,000" employees, Restaurant Business reported on Thursday. McDonald's is also shuttering 10 field offices, according to Erlinger's note. It says the restaurant chain has field offices in cities such as Dallas, Nashville, and Long Beach, California. The restaurant chain is "in the strongest position it has been in years," Erlinger wrote in his memo this week.

☆ McDonald's to close 10 US field offices and lay off hundreds of corporate employees, report says
▼ + stars: | 2023-04-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

McDonald's is laying off hundreds of corporate staff, Restaurant Business reported Thursday. The company is letting go of "less than 1,000" employees, Restaurant Business reported on Thursday. McDonald's is also shuttering 10 field offices, according to Restaurant Business. It says the restaurant chain has field offices in cities such as Dallas, Nashville, and Long Beach, California. Myra Doria will be McDonald's national field president, according to the report.

The assessment of China's military said China's fleet of six Jin-class ballistic missile submarines were operating "near-continuous" patrols from Hainan Island into the South China Sea. Equipped with a new, longer-range ballistic missile, they can hit the continental United States, analysts say. Communications are crucial and complex for ballistic missile subs, which must remain hidden as part of their mission. The Chinese military has emphasised that the Central Military Commission, headed by President Xi Jinping, is the only nuclear command authority. Russia is thought to keep most of its 11 ballistic missile submarines largely in bastions off its Arctic coasts, while U.S., French and British boats roam more widely, three analysts said.

☆ Karen Firestone: This is what’s working in today’s market – and what should keep working
▼ + stars: | 2023-03-20 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

However, whatever the overall market action, there are always stocks that outperform considerably, encouraging an effort to pinpoint what the market craves, even in tough times. We examined the best performing stocks this year, from the universe of equities with a market capitalization over $4 billion. This industry, along with communication services, led the market up in 2020 and 2021 but collapsed in 2022. Tech stocks rose during Covid as demand accelerated, then became priced to perfection, in many cases. Karen Firestone is chairperson, CEO and co-founder of Aureus Asset Management, an investment firm dedicated to providing contemporary asset management to families, individuals and institutions.

WASHINGTON, March 15 (Reuters) - A U.S. surveillance drone brought down over the Black Sea after a Russian military intercept probably broke apart and would be difficult to recover given the depth of the water in the area, the top U.S. general said on Wednesday. Russia's defense ministry blamed "sharp maneuvering" by the drone for the crash and said its jet did not make contact. Milley said the United States had already taken measures to guard against a loss of sensitive intelligence if the drone were to be recovered by Russia. The State Department on Tuesday summoned Russia's ambassador to the United States, Anatoly Antonov, to express U.S. concerns over the encounter. Antonov after the meeting said the drone "deliberately and provocatively was moving toward Russian territory with transponders turned off."

☆ Record-strength cyclone Freddy pounds Mozambique after making second landfall
▼ + stars: | 2023-03-12 | by ( ) www.reuters.com time to read: +2 min

JOHANNESBURG, March 12 (Reuters) - Cyclone Freddy battered central Mozambique on Sunday after making landfall for a second time in a month and breaking records for duration and strength of tropical storms in the southern hemisphere. More than 171,000 people were affected after the cyclone swept through southern Mozambique last month, killing 27 people in Mozambique and Madagascar. More than half a million people are at risk of being affected Mozambique this time, according to the U.N. Office for the Coordination of Humanitarian Affairs (OCHA). At least one person was killed there on Saturday when his house collapsed on him as the storm swept onshore, state TV reported. Two weeks ago, 27 died when the storm first made landfall, after first being spotted near Indonesia on Feb. 6.

☆ U.S. prosecutors seize properties, charge Russian on Ukraine invasion anniversary
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Feb 24 (Reuters) - U.S. prosecutors on Friday said they were seeking to forfeit six properties in New York and Florida allegedly belonging to a sanctioned Russian oligarch, and separately charged a Russian national with illegally exporting counterintelligence equipment. The announcements came on the anniversary of Russia's invasion of Ukraine, which Moscow calls a "special military operation." The Department of Justice has sought to use asset seizures and criminal charges to squeeze business executives aligned with Russian President Vladimir Putin to press him to stop the war. Two of the properties - an apartment on Park Avenue in Manhattan and an estate in Southampton, New York - had been searched by FBI and Homeland Security Investigations agents last year. Reporting by Luc Cohen in New York and Susan Heavey in Washington; Editing by Chizu Nomiyama and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

☆ Earnings are showing signs of strain and are likely to get worse as economy slows
▼ + stars: | 2023-01-29 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Earnings for all S & P 500 companies fell 2.9% for the fourth quarter, based on actual reports and estimates. Rauscher expects a shallow recession, and his view is S & P 500 earnings for 2023 will be about $210, below the street's consensus closer to $230. According to Refinitiv, analysts expect a 1.2% decline in first quarter earnings, followed by a 2% drop in the second quarter. Tech earnings have been a mixed bag. He remains defensive on the market even with the 6.5% gain in the S & P 500 in January so far.

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☆ Microsoft, Tesla stock moves hint at positive signs for the market, chart analysts say
▼ + stars: | 2023-01-27 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The S & P 500 ended Thursday at 4,060.43. A key test for the S & P 500 The S & P 500 pushed above its 200-day moving average last Friday. Redler, who follows short-term technicals, said it is important for the S & P 500 to hold between 3,970 and 3,990. She said the S & P 500 is showing signs of being overbought short term, though there continues to be short-term upside momentum. We need to see stocks like Apple, Alphabet, Microsoft, we need to see these stocks going from downtrend to uptrend.

☆ The 12 most useless college majors, according to career experts
▼ + stars: | 2023-01-12 | by ( Rena Goldman | ) www.businessinsider.com time to read: +7 min

Other majors, like philosophy and anthropology, require a graduate degree and a specific role. PhilosophyPhilosophy is another niche degree that isn't much use outside the field if you don't pair it with a graduate degree. "I've run into hiring managers, colleagues, and friends who really struggle to communicate the value of that degree," Doe added. You might also need a graduate degree for some of those roles, such as professor, librarian, or lawyer. MarketingThere are plenty of career options in marketing, but Doe said the field was rapidly changing.

☆ Southwest Airlines hiring a new PR advisor after holiday mess but social media scoffs that even 'free flights' wouldn't make them apply
▼ + stars: | 2023-01-05 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Social media users are calling out the ad in the wake of the airline's holiday travel meltdown. Probably an easier job," one Facebook user wrote. Facebook users were quick to comment and joke about the ad, which the Dallas-based airline published on LinkedIn Tuesday. Probably an easier job," one Facebook user commented, according to the New York Post. Despite the high number of applicants, most commenters didn't seem interested in the wake of Southwest's travel meltdown.

☆ It's not just tech. Consumer and communications stocks aided in $10 trillion market wipeout
▼ + stars: | 2022-12-28 | by ( Scott Schnipper | ) www.cnbc.com time to read: +2 min

Most of the decline came in S & P 500 stocks, which lost a combined $8.2 trillion. Amazon, Apple, Alphabet, Microsoft, Tesla, Meta Platforms and Nvidia lost a combined $4.95 trillion in market capitalization in 2022. Of those seven megacaps, losses ranged from Amazon's plunging market value of $844 billion to Nvidia's decline of $388 billion. Broken down by the S & P 500's 11 major industry groups, information technology's market value slid $3.49 trillion in 2022, trailed by consumer discretionary stocks, dominated by Amazon, Tesla, Home Depot, Nike, Lowe's and Target, at $1.91 trillion. Silverblatt used the S & P U.S. Broad Market Index, consisting of roughly 2,500 stocks, to measure the total market decline of $10 trillion.

REUTERS/Aly Song/File PhotoNov 25 (Reuters) - The Biden administration has banned approvals of new telecommunications equipment from China's Huawei Technologies (HWT.UL) and ZTE (000063.SZ) because they pose "an unacceptable risk" to U.S. national security. "These new rules are an important part of our ongoing actions to protect the American people from national security threats involving telecommunications," FCC Chairwoman Jessica Rosenworcel said in a statement. ZTE, Dahua, Hytera and the Chinese embassy in Washington did not immediately respond to requests for comment. The FCC said in June 2021 it was considering banning all equipment authorizations for all companies on the covered list. That came after a March 2021 designation of five Chinese companies on the so-called "covered list" as posing a threat to national security under a 2019 law aimed at protecting U.S. communications networks: Huawei, ZTE, Hytera Communications Corp Hikvision and Dahua.

☆ Taiwan to continue U.S. communications on exchange rate policy
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Nov 11 (Reuters) - Taiwan has "smooth" communication channels with the United States and the two will keep talking on issues such as exchange rate policy, a Taiwanese central bank official said on Friday after the U.S. Treasury kept the island on its monitoring list. A Taiwan central bank official told Reuters that communication channels between them and the U.S. Treasury were "smooth". "In the future, the two sides will continue to communicate on issues such as economic outlook and exchange rate policy on the basis of good interactions," said the official, who was speaking on condition of anonymity. Taiwan's central bank in the first half of this year sold a net $8.25 billion to intervene in the foreign exchange market to try and arrest the Taiwan dollar's devaluation. Taiwan was last formally labelled a currency manipulator by the United States in December 1992.

☆ Biden predicts Democrat midterms win, says economy improving
▼ + stars: | 2022-11-04 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +3 min

At Viasat, Biden said the government's latest jobs report showing the U.S. economy added 261,000 jobs last month was a sign of progress. "Folks, our economy continues to grow and add jobs even as gasoline prices continue to come down," he said. The party in the White House historically loses control of Congress during the first half of a new president's term. I feel really good about our chances," he said, adding Democrats have a good chance of winning the House of Representatives. Biden has also warned of what Democrats say are the dangers that Republicans backed by former President Donald Trump pose to U.S. democracy.

☆ Biden snapped at Zelenskyy in a June phone call when he asked for more aid, report says, in a fleeting moment of conflict between the two leaders
▼ + stars: | 2022-10-31 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Biden and Zelenskyy had a tense phone conversation in June, NBC News reported. The leaders were discussing a US military aid package when Zelenskyy suggested he needed more help. The two leaders had the tense phone conversation on June 15, almost four months after Russia first launched its invasion of Ukraine. A source familiar with the conversation told NBC that the exchange wasn't heated or angry, but Biden was direct with Zelenskyy. Administration officials told NBC that the two leaders' relationship has only improved since the call.

☆ Former U.N. employee sentenced to 15 years for multiple rapes
▼ + stars: | 2022-10-28 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

The first charge to which Elkorany pleaded guilty pertained to his denial to the FBI that he raped Victim 1 after she reported it to the United Nations. When Victim 2 spoke, she said Elkorany posed as a feminist who cared about issues facing women as he preyed upon friends and acquaintances. Prosecutors said Victim 2 met Elkorany when she worked for a U.N. organization, and she was drugged and sexually assaulted on multiple occasions between 2014 and 2019 in the United States and Iraq. From October 2013 to April 2016, he worked for the United Nations Children’s Fund in Iraq, and from July 2016 to April 2018 as a U.N. communications specialist in Iraq. “The United Nations welcomes the efforts of the United States authorities in ensuring that Mr. Karim Elkorany is held to account for his criminal conduct,” he said.

☆ 'Tables have turned on FANG': Tech earnings wreck splits the stock market
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

This earnings season's tech wreck could continue to pressure the Nasdaq Composite, while other sectors may help broader indices deflect some of the pain. Amazon 's stock was hammered after the company missed estimates and gave a disappointing sales forecast for the current quarter . The two were members of FANG, a group of four favorite stocks that joined other Big Tech in carrying the market to highs before the bear market. Apple's report has been much anticipated by investors, since it is 7% of the S & P 500. "A favorable reaction could lift tech off its lows and help extend the relief rally in the S & P. A gap down would do the opposite."

☆ U.S. FCC set to ban approvals of new Huawei, ZTE equipment- document
▼ + stars: | 2022-10-13 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Oct 13 (Reuters) - The U.S. Federal Communications Commission is set to ban approvals of new telecommunications equipment from China's Huawei Technologies and ZTE (000063.SZ) in the United States on national security grounds, according to a document posted by the agency. The companies would not be able to sell new equipment in the United States without equipment authorizations. In June 2021, the FCC voted to advance the plan to ban approvals for equipment in U.S. telecommunications networks from Chinese companies deemed national security threats, including Huawei and ZTE. ... We have left open opportunities for (Huawei and other Chinese equipment) use in the United States through our equipment authorization process. The FCC action would prohibit all future authorizations for communications equipment deemed to pose an unacceptable risk to national security.

☆ Amazon shifts prototype internet satellites to ULA rocket for 2023 launch
▼ + stars: | 2022-10-12 | by ( Joey Roulette | ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 12 (Reuters) - Amazon (AMZN.O) will launch its first two prototype satellites for a planned internet-from-space constellation in early 2023 using a new rocket from the Boeing-Lockheed (BA.N)(LMT.N) joint venture United Launch Alliance, the companies said Wednesday. Rocket development delays with launch startup ABL Space Systems, which was initially poised to launch the two Amazon satellites by late this year, prompted Amazon to hop aboard ULA's new Vulcan rocket instead as a secondary payload. Amazon has not said when it plans to launch those first operational satellites. ABL built a custom launch adapter and finished other custom work for the Kuiper satellites earlier this year, the company's president Dan Piemont told Reuters in an email. "That work is continuing for future Kuiper launches," he added.

☆ U.S. agency adds China Unicom, Pacific Networks to national security threat list
▼ + stars: | 2022-09-20 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Andrew KellySept 20 (Reuters) - The U.S. Federal Communications Commission (FCC) named Chinese telecom companies Pacific Networks Corp, its wholly-owned subsidiary ComNet (USA) LLC and China Unicom (Americas) as threats to U.S. national security, the regulator said Tuesday. The designations are under a 2019 law aimed at protecting U.S. communications networks. The FCC said the companies are subject to the Chinese government's exploitation, influence and control, along with the associated national security risks. Earlier this year, the U.S. regulator voted to revoke China Unicom's U.S. unit, Pacific Networks and ComNet's authorization to operate in the United States, citing national security concerns. In March, the FCC added Russia's AO Kaspersky Lab, China Telecom (Americas) Corp (0728.HK) and China Mobile International USA (0941.HK) to the covered list.

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