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☆ A Chinese balloon over U.S. should concern us all, says Longview Global's Dewardric McNeal
▼ + stars: | 2023-02-06 | 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 EmailA Chinese balloon over U.S. should concern us all, says Longview Global's Dewardric McNealCowen’s Roman Schweizer and Longview Global’s Dewardric McNeal join 'The Exchange' to discuss defense stocks as U.S.-China tensions rise.

The target for Tiger Global’s latest venture fund is down from $6 billion last fall and early expectations of around $12.7 billion. Tiger Global Management is scaling back its plans for a large venture-capital fund, a reversal for the tech investor that epitomized the Silicon Valley startup mania. The New York-based manager told investors it is reducing the target size for its latest venture fund to $5 billion, down from a $6 billion target it set when it began fundraising last fall, according to people familiar with the matter. The $6 billion itself was well below Tiger’s early expectations that it would raise a roughly comparable fund to its last, which totaled $12.7 billion, some investors said.

☆ Gen Z loves the flip phone
▼ + stars: | 2023-01-15 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +8 min

Now, Gen-Z’s latest “vintage” obsession is the flip phone – that mid-1990s era phone that has suddenly become oh so popular with millennials. “I’m team flip phone revolution,” singer Camila Cabello tweeted Thursday, posing with a TCL flip phone, vintage. Maybe I can write the theme song guys 💪💪💪💪 pic.twitter.com/yOJgCdAgNq — camila (@Camila_Cabello) January 13, 2023“I found a little 90s, Matrix-y flip phone,” Cameron said. “At parties people will say, ‘oh my goodness, is that a flip phone?,’” Palazzolo said. And yes, new Nokia flip phones are still available – the Nokia 2760 Flip is sold at Walmart from prepaid brands such as Verizon for $19.99.

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Follow @KatrinaHamlin on TwitterloadingCONTEXT NEWSHong Kong-listed Apollo Future Mobility said on Jan. 12 that it had agreed to buy Chinese electric-car maker WM Motor Global for HK$15.9 billion ($2.02 billion). To fund the acquisition of its larger peer, Apollo will issue 28.8 billion new shares at HK$0.55 each. Apollo shares fell 8.6% and were trading at HK$0.23 by market close on Jan. 12. WM Motor Global filed for a Hong Kong initial public offering in May 2022, but the application lapsed in November. WM Motor Global’s owner, WM Motor Holdings, is the largest shareholder in Apollo Future Mobility, and WM Motor founder Freeman Shen sits on the latter’s board as co-chair.

☆ This is the definition of a soft landing, says Apollo Global’s Torsten Slok
▼ + stars: | 2023-01-06 | 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 EmailThis is the definition of a soft landing, says Apollo Global’s Torsten SlokTorsten Slok, Apollo Global Management chief economist, joins ‘Closing Bell’ to discuss this morning's jobs report and comments from Atlanta Fed President Raphael Bostic that the data doesn’t change his outlook.

☆ Stocks buoyant while darker forecasts gather on the horizon
▼ + stars: | 2023-01-02 | by ( Nell Mackenzie | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.06%, just short of an index of global shares, which climbed 0.16%. The pan-European STOXX 600 index (.STOXX) climbed 0.6%, retracing little of the nearly 12% it lost in 2022, bludgeoned by central banks' aggressive monetary policy tightening. Elsewhere, the dollar edged almost 0.2% higher against a basket of major currencies, while the pound and euro fell 0.4% and 0.2% respectively. The benchmark 10-year yield climbed around 27 basis points (bps) last week and over 200 bps last year, ending 2022 around 3.88%. Germany's 10-year bond yield fell 8.4 bps to 2.47%, after hitting its highest since 2011 at 2.57% on Friday.

☆ Stocks edge higher as darker forecasts loom
▼ + stars: | 2023-01-02 | by ( Nell Mackenzie | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.04%, just short of an index of global shares, which climbed 0.21%. "Europe is taking the latest round of PMIs well enough, as the final readings help to confirm the view (hope?) DOLLAR STRUGGLING TO MAINTAIN STRENGTHElsewhere, the dollar edged almost 0.1% higher against a basket of major currencies, while the pound and euro fell 0.4% and 0.3% respectively. Germany's 10-year bond yield fell 13 bps to 2.43%, after hitting its highest since 2011 at 2.57% on Friday. Reporting by Nell Mackenzie Additional reporting Dhara Ranasinghe Editing by Mark Potter and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Europe’s Economy, Likely Shrinking, Is Set to Avoid Worst-Case Scenario
▼ + stars: | 2022-12-16 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

Europe’s economy likely contracted at the end of 2022 but showed signs of resilience, suggesting the downturn could be milder than feared just a few months ago, business surveys released Friday showed. While S&P Global’s composite output index for the eurozone—which includes services and manufacturing activity—remained below the 50 mark in December, indicating a contraction, it rose by one point to 48.8 from November, pointing to a smaller fall in activity than expected earlier.

☆ Europe Data Points to Contraction but Economy Set to Avoid Worst-Case Scenario
▼ + stars: | 2022-12-16 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

☆ Watch CNBC’s full post-market discussion with Virtus' Joe Terranova, Sand Hill Global’s Brenda Vingiello and New York Life Investments' Lauren Goodwin
▼ + stars: | 2022-11-29 | 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 EmailWatch CNBC’s full post-market discussion with Virtus' Joe Terranova, Sand Hill Global’s Brenda Vingiello and New York Life Investments' Lauren GoodwinVirtus Investment Partners' Joe Terranova, Sand Hill Global’s Brenda Vingiello and New York Life Investments' Lauren Goodwin join 'Closing Bell: Overtime' to discuss the Fed ahead of Powell's speech tomorrow and what it could mean for the markets.

☆ Paramount Global Terminates Deal to Sell Publisher Simon & Schuster to Rival Penguin Random House
▼ + stars: | 2022-11-22 | by ( Jeffrey A. Trachtenberg | ) www.wsj.com time to read: 1 min

Paramount Global’s comments about its Simon & Schuster unit suggested the book publisher might again find itself on the sales block. Paramount Global , which owns the Simon & Schuster book-publishing unit, said in a federal filing Monday that it has terminated its agreement to sell Simon & Schuster to rival Penguin Random House. Paramount said that Simon & Schuster “remains a non-core asset” and that the publisher “does not fit strategically within Paramount’s broader portfolio,” suggesting Simon & Schuster eventually will go back on the sales block.

☆ Watch CNBC’s full interview with KPMG’s Diane Swonk and Summit Global’s David Harden
▼ + stars: | 2022-11-04 | 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 EmailWatch CNBC’s full interview with KPMG’s Diane Swonk and Summit Global’s David HardenKPMG’s Diane Swonk and Summit Global’s David Harden, join 'The Exchange' to discuss the impact of inflation on the Fed's decision-making process and the need for a slowdown in the job market. Also, how to position your portfolio defensively.

☆ Watch CNBC’s full interview with Citi Global’s David Bailin and Societe Generale’s Subadra Rajappa
▼ + stars: | 2022-11-02 | 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 EmailWatch CNBC’s full interview with Citi Global’s David Bailin and Societe Generale’s Subadra RajappaCiti Global’s David Bailin and Societe Generale’s Subadra Rajappa join 'The Exchange' to discuss the Fed, inflation, recession fears and markets.

☆ The probability of a recession is higher now than a few months ago, says Citi Global’s David Bailin
▼ + stars: | 2022-11-02 | 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 EmailThe probability of a recession is higher now than a few months ago, says Citi Global’s David BailinCiti Global’s David Bailin and Societe Generale’s Subadra Rajappa join 'The Exchange' to discuss the Fed and markets.

☆ Google signs solar power supply deal with SoftBank-backed SB Energy
▼ + stars: | 2022-11-01 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

REUTERS/Charles Platiau(Reuters) - Alphabet Inc’s Google said on Tuesday it would buy about three-quarters of the renewable power from SB Energy Global’s Texas facilities, as it aims to operate data centers on carbon-free energy by 2030. Companies are rapidly shifting toward clean energy and transportation as they look to meet environmental and sustainability goals. The $430-billion Inflation Reduction Act signed by President Joe Biden signed in August also seeks to incentivise a shift to clean energy, by providing tax credits. Google will use the energy from the SoftBank Group Corp-backed company, which will have a capacity of about 3 GW by early next year, to power data centers in Texas, Alphabet said. SB Energy’s Orion 1, 2 and 3 and Eiffel solar projects which total nearly 1.2 gigawatts (GW) of capacity are expected to be ready to supply power by mid-2024.

☆ Stephen King makes for unlikely antitrust hero
▼ + stars: | 2022-11-01 | by ( Jennifer Saba | ) www.reuters.com time to read: +4 min

A U.S. judge blocked Penguin Random House’s $2.2 billion acquisition of rival Simon & Schuster on Monday after the Department of Justice argued it would unfairly limit pay for top authors such as Stephen King. Adding Simon & Schuster would give it 70% of the literary nonfiction market, according to NPD Book Scan. The Department of Justice drew a line in its challenge to Penguin, distinguishing highly paid writers from the rest. Follow @jennifersaba on TwitterloadingCONTEXT NEWSA U.S. judge on Oct. 31 ruled that a planned $2.2 billion merger of Penguin Random House and rival Simon & Schuster cannot go forward. German media group Bertelsmann, the owner of Penguin, agreed to buy Simon & Schuster from Paramount Global in 2020.

☆ The first Mexican American woman in Congress leaves a legislative legacy focused on children and families
▼ + stars: | 2022-10-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Edwin-Head-Shot-Copy.Jpg | Edwin Flores | ) www.nbcnews.com time to read: +8 min

The first Latino from California elected to Congress since 1879, he would become one of the most influential Latino politicians on Capitol Hill. “The white establishment of that time was not happy that a Latino was elected to the City Council,” Roybal-Allard said. The Dream Act has since gone through 11 variations and has been stuck in the Senate since. As the Dream Act stalled in Congress, President Barack Obama in 2012 announced the Deferred Action for Childhood Arrivals, also known as DACA, through an executive order. Asked how she wants to be remembered after her retirement at the end of this Congress in January, Roybal-Allard focused on the work.

☆ European Central Bank raises rates by three quarters of a point and promises more to come
▼ + stars: | 2022-10-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN Business —The European Central Bank hiked interest rates by three quarters of a percentage point on Thursday, promising further hikes to come as it tackles rising inflation. The central bank has now hiked rates at three consecutive meetings by a combined 2 percentage points in a bid to get control of inflation even as a recession looms. “Inflation remains far too high and will stay above the target for an extended period,” the ECB said in a statement. An energy crisis, sparked by Russia’s invasion of Ukraine, has weighed heavily on sectors such as manufacturing. With today’s rate hike, the ECB has come very close to the point at which normal could become restrictive,” he wrote in a research note.

☆ Billionaire investor Yuri Milner relinquishes Russian citizenship
▼ + stars: | 2022-10-11 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: Investor Yuri Milner holds a small chip during an announcement of the Breakthrough Starshot initiative in New York April 12, 2016. REUTERS/Lucas Jackson(Reuters) - Israeli-Russian billionaire Yuri Milner said on Monday he has renounced his Russian citizenship after leaving the country in 2014. Milner is the founder of internet investment firm DST Global, and made a fortune by betting on Chinese tech companies like e-commerce platforms Alibaba and JD.com. “My family and I left Russia for good in 2014, after the Russian annexation of Crimea,” Milner said in a tweet. Milner also has no assets in Russia, 97% of his personal wealth was created outside of the country and “Yuri has never met Vladimir Putin, either individually or in a group,” according to the website.

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