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☆ UChicago Says Free Speech Is Sacred. Some Students Sees Hypocrisy.
▼ + stars: | 2024-05-06 | by ( Jeremy W. Peters | Jamie Kelter Davis | ) www.nytimes.com time to read: +1 min

The University of Chicago has built a brand around the idea that its students should be unafraid to encounter ideas or opinions they disagree with. To drum that in, the school provides incoming students with copies of its 2014 free-speech declaration, known as the Chicago statement, which states that freedom of expression is an “essential element” of its culture. That neutrality, the university argues, allows for a robust, unencumbered exchange of ideas. Many professors swell with pride talking about how the school’s commitment to these principles has endured through two world wars, Vietnam and, more recently, the tumult of the Trump administration. And more than 100 institutions have adopted or endorsed similar principles.

Persons: Trump Organizations: University of Chicago Locations: Chicago, Vietnam

☆ Young Democrats face Gaza blowback as they try to mobilize students for Biden
▼ + stars: | 2024-05-04 | by ( Gregory Krieg | Michelle Shen | ) edition.cnn.com time to read: +12 min

But the College Democrats insist their worries are also rooted in what they see as the Biden campaign’s unwillingness to grasp the scope of how difficult it is becoming to engage young voters. A mixed picturePolling of young voters on the Israel-Hamas War, specifically about its effect on Biden’s campaign, presents a mixed picture. Only 18% of young voters approved of Biden’s handling of the Israel-Hamas war, according to the Harvard/IOP poll. Seth Schuster, a spokesman for the Biden campaign, touted its investment in engaging young voters. It is even hard for young people to talk to other young people about how to do this,” the Democratic strategist said.

Persons: Joe Biden’s, ”, Hasan Pyarali, ’ ”, Biden, “, Benjamin ) Netanyahu, Nicho Fernandez, hasn’t, haven’t, ” Fernandez, ” John Della Volpe, men’s, ” Biden, Santiago Mayer, ” Mayer, Joe Biden, Carolyn Salvador Avila, Biden’s, it’s, ” Salvador Avila, Allyson Bell, Bell, ” Bell, Seth Schuster, ” Schuster, “ It’s, Aidan DiMarco, It’s, DiMarco, they’re, we’re, Evelyn Schmidt, ” Schmidt, ’ ” Schmidt Organizations: CNN, Democratic, College Democrats, Wake Forest University, Muslim, Facebook, Biden, Democratic National Committee, Democrats, Harvard, Institute of Politics, Georgetown University, Harvard Institute of Politics, Trump, ”, University of Nevada, Meredith College, national College Democrats ’ Jewish, College Democrats ’, Democratic National, College Democrats of America, White, University of Wisconsin, Whitewater College Democrats, House Locations: Gaza, North Carolina, Israel, Washington , DC, “, Las Vegas, Biden’s Israel, Wisconsin

☆ Coinbase reports first-quarter revenue beat after bitcoin rally leads surge in profit
▼ + stars: | 2024-05-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Coinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. Transaction revenue has historically been a primary driver of revenue, with subscription and services revenue bringing in $511 million for the quarter. The stock tends to benefit from big gains in bitcoin as large rallies in the cryptocurrency lead to increased trading volumes and demand for other services. During the first quarter, bitcoin hit a new all-time high above $73,000 in March, and ethereum, the second-biggest digital asset, underwent its first major upgrade in over a year. "Indeed, trading volumes on Coinbase's platform have come well down from early-March levels."

Persons: Coinbase, bitcoin, Raymond James analysts, Raymond James Organizations: SEC, Coinbase Locations: U.S, bitcoin, Crypto.com

☆ Tesla asks shareholders to vote again on Musk's $56 billion payout
▼ + stars: | 2024-04-17 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Tesla said Wednesday it will ask shareholders to reinstate CEO Elon Musk's $56 billion pay package, which a Delaware judge voided earlier this year after ruling that the record-setting compensation deal was "deeply flawed." Tesla said the court decision created a "fundamental problem for the company." Tesla has not hired Innisfree since 2018, when it first asked shareholders to vote on Musk's pay package. Musk's pay package was invalidated after a shareholder won a lawsuit against the company earlier this year. The company also noted that "dozens of institutional stockholders" have told Tesla that they disagree with the Tornetta decision.

Persons: Elon Musk, Lola, Tesla, Elon Musk's, Musk, Innisfree, Musk's, Chancellor Kathaleen McCormick, Richard Tornetta, McCormick Organizations: Regency Bruin Theatre, Twitter, Board, Delaware Court Locations: Los Angeles , California, U.S, Delaware, Texas

☆ Investing in sports teams is trendy now — but is it headed toward bubble territory? New research provides a playbook.
▼ + stars: | 2024-03-19 | by ( Tiara White | ) www.businessinsider.com time to read: +6 min

The simmering topic has been up for debate, in part because prices for NFL teams have risen so high that they threaten to restrict who can be a lead owner. This raises the question: Are investments in sports teams actually a good investment, especially for risk-averse investors like pensions and endowments? According to new research published in Investments & Wealth Publications in November, the answer is a resounding yes. For the article, he teamed up with his father, Arun Muralidhar, the chairman and founder of Mcube Investment Technologies, which develops decision-support products for institutional investment managers. "They themselves are investing globally to make sure that their brand is increasing, and they found great success with that."

Persons: —, Sid Muralidhar, Muralidhar, Risktyle, Arun Muralidhar, Sachin Muralidhar, Sachin, Arun, Sid Muralidhar Sid Muralidhar, homed, it's Organizations: Service, NFL, Dallas Cowboys, Forbes, Business, Investments, Wealth, NHL, Citigroup, Mcube Investment Technologies, The University of Virginia, National Hockey League, NBA, MLB, BI

☆ Why Stephanie Cohen is leaving Goldman Sachs. The Wall Street veteran opens up about her new move to 'help build a better internet.'
▼ + stars: | 2024-03-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +11 min

Cohen, 46, will join Cloudflare, a San Francisco-based technology company aimed at helping businesses improve their internet security and performance. It will be a familiar role, as she served as Goldman's strategy chief from 2018 to 2020. Having spent 20 years inking deals within Goldman Sachs' investment banking unit, Cohen is no stranger to the boardroom. "But the reality is, Goldman Sachs is not a technology firm," Cohen said. When she broke the news to Argenti, he told her, 'This is exactly what you should do… this is exactly the right company," Cohen recalled.

Persons: Stephanie Cohen, Cohen, " Cohen, David Solomon, Goldman, Beth Hammack, Cloudflare, Solomon, John Waldron, Matthew Prince, Michelle Zatlyn, Goldman Sachs, it'll, Lloyd Blankfein, Brendan McDermid, Reuters Cohen, they're, I, Stephanie, Prince, she'll, Marco Argenti Organizations: Business, Cloudflare, IBM, University of Illinois, Goldman, Reuters, Financial Times Locations: San Francisco, Utah, Urbana, Champaign

☆ Family offices have tripled since 2019, creating a new gold rush on Wall Street
▼ + stars: | 2024-03-08 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Experts say family offices now manage $6 trillion or more, and their ranks are growing. According to a new report from Preqin, the number of family offices — the private investing arms of wealthy families — topped 4,500 worldwide last year. North America has the largest share of family offices, with 1,682. Blackstone, KKR and Carlyle have all been expanding their teams, funding events and building products catering specifically to family offices. Now they're more like institutional investors, seeking higher long-term returns with private equity, venture capital, hedge funds, infrastructure and real estate.

Persons: —, Robert Frank, Carlyle, Rachel Dabora, Craig Russell, Blackstone, Russell Organizations: Blackstone, KKR, Wealth Solutions, Private Capital Group, Blackstone's Private Capital Group Locations: Preqin, America, North America

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what drove bitcoin's climb to a new all-time high above $69,000: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, David Duong, head of institutional research at Coinbase, discusses what drove bitcoin's rally to a fresh record and whether the market is positioned for a steep correction.

Persons: explainers, David Duong Organizations: CNBC Crypto, CNBC

☆ Bitcoin tops $65,000 as it nears 2021 all-time high
▼ + stars: | 2024-03-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Earlier, it rose to as much as $65,658.10, its highest level since November 2021. The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. "What we're seeing today ... might well be a rerun of early last week when bitcoin surged $10,000 in the space of a couple of days. Investors have been extra eager to see bitcoin approach its all-time high. Nevertheless, long-term investors are confident that the combination of increasing demand for bitcoin through the new U.S. exchange-traded funds and a tighter supply expected after the April halving event will push the price of bitcoin to a new all-time high.

Persons: bitcoin, cryptocurrency, Antoni Trenchev, Crypto, David Duong, Dogecoin, Shiba, CleanSpark Organizations: Metrics, Nasdaq, Marathon Digital, Iris Energy

☆ Investors should tread carefully in March after bitcoin's explosive rally to $60,000
▼ + stars: | 2024-03-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

With bitcoin on a hot streak this past week, investors should brace themselves for a cooling in March. "But cash inflows into spot bitcoin ETFs are accelerating, and that seems to have been overpowering those technical signals." Although Bitcoin traded above $62,000 to end the week, it's realized price was down at the $42,000 level, according to CryptoQuant. CryptoQuant also showed the cost of opening new long positions in the futures market spiked in the recent rally, which historically signals a coming correction in the bitcoin price. Ether, however, has ended the month higher in six of the last eight March's since its inception, with an average gain on the month of 25%.

Persons: Yuya Hasegawa, Hasegawa, Julio Moreno, Bitcoin, it's, bitcoin, CryptoQuant, David Duong, Duong, Michael Bloom Organizations: JPMorgan, CNBC, Federal, New York Community Bancorp Locations: New York

☆ Big-name investors are betting AI gadgets could change the way we interact with tech
▼ + stars: | 2024-03-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyAI (literally) in your pocketTech workers are criticizing Humane's hotly anticipated Ai pin. AdvertisementIn fact, heavy hitters like legendary investor Vinod Khosla believe that AI devices will completely change how we interact with technology. Humane's Ai Pin, which can project text onto users' hands and translate voice messages, didn't get a warm welcome when it launched late last year .

Persons: —, Oompa, I've, Willy Wonka, Elon Musk, Sam Altman, Humane's, Vinod Khosla, Samantha Stokes, Vishal Persaud, Khosla, Ai, didn't, Tim Cook, Salesforce's Marc Benioff, OpenAI's Sam Altman, Franck Robichon, Paul Krugman, shouldn't, we're, Wells, Bank of America's Merrill, Bitcoin, Tyler Le, maven, Alexei Navalny's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Humane, Khosla Ventures, Rabbit, Bank of America's, Wall, The New York Times, WW, SEC Locations: Franck, Wells Fargo, New York, London

☆ The NFL is gearing up to change team ownership rules in what could be a massive win for Wall Street
▼ + stars: | 2024-02-29 | by ( Tiara White | ) www.businessinsider.com time to read: +9 min

Team owners will meet at the annual league meeting in March to discuss private equity. The investment ownership model is favored in the NBA, MLB and NHL— but not in the NFL. So, what will a rule change mean for institutional investors and their Wall Street brokers, as well as owners and sports fans? Experts also think NFL team owners' "wealth would increase drastically," said Rotthoff— due to the considerable profits they've already made from team valuations in the past decade. Wall Street investment banks could also benefit in their role as advisors to wealthy investors and sports teams, including helping to connect buyers with sellers.

Persons: —, Josh Harris, Mark Patricof, Carrie Potter, Mellody Hobson, Condoleezza Rice, Sir Lewis Hamilton, Kurt Rotthoff, Dwayne Wade, Venus Williams, Eric Thomas, Gil Fried, Rotthoff, Rob Gronkowski, Spencer Platt, Goldman Sachs, Thomson, Taylor Swift, Jamie Squire, Potter, Fried Organizations: NBA, MLB, NHL, NFL, Service, Silicon, Forbes, The, Patricof, Rice, Denver Broncos, Seton Hall, Wall, Kansas City Chiefs, West, Sport Finance, Sports, Group, Wall Street, Chiefs, Dolphins, Getty Locations: The Washington, Crestview, United States, Orlando , Florida, West Florida

☆ Unilever and Dell have shut down some sustainability marketing initiatives as big corporations embrace 'green hushing'
▼ + stars: | 2024-02-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Late last month, computing giant Dell cut part of its marketing team that focused on sustainability and other ESG-related marketing roles, Business Insider has learned. This story is available exclusively to Business Insider subscribers. AdvertisementThis is feeding into a growing trend of "green hushing," where companies stop publicizing their sustainability efforts due to concerns around regulatory scrutiny or a consumer backlash, experts say. Other sustainability agencies have been absorbed into wider offerings, R3 EVP of delivery Sarah Tan told Business Insider. Leo Rayman, head of the sustainability consultancy and venture studio Eden Lab, said that the green hushing phenomenon could suggest a sign of maturity in the space.

Persons: we're, Hein Schumacher, hushing, Pimco, , Harriet Kingaby, Sarah Tan, Kingaby, Bud, Bud Light, influencer Dylan Mulvaney, Guy Parker, — that'll, Parker, Leo Rayman, Rayman, Townsend Organizations: Dell, Business, Unilever, JPMorgan, State, ACT Climate Labs, Media, Advertising Network, Brands, Green Guides, Standards Authority, ASA, BMW, Shell, Etihad Airways, Competition, Markets Authority, Eden, Sustainability

☆ Wall Street giants like JPMorgan and Pimco are walking back their environmental pledges after years of outspoken support for fighting climate change
▼ + stars: | 2024-02-19 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

Read previewSome Wall Street giants, many of which have spent the last few years pledging to fight climate change through corporate responsibility, are now retreating from some of their environmental initiatives. Founded in 2017, Climate Action 100+ initially launched as a five-year initiative that in 2022 was extended until 2030. AdvertisementFollowing the departures of JPMorgan, State Street, and Pimco, financial investors including Neuberger Berman, William Blair Investment Management, and Wellington Management remain members of Climate Action 100+, whose targeted companies include American Airlines, Chevron, and Procter & Gamble. Other finance giants have similarly stepped back from previous environmentally friendly initiatives, The New York Times reported. They include BlackRock, which scaled back its participation with Climate Action 100+ in recent weeks, as well as Bank of America, which walked back a pledge to stop financing coal.

Persons: —, Neuberger Berman, William Blair Organizations: Service, JPMorgan, State Street, Business, New York Times, Politico, State, William Blair Investment Management, Wellington Management, Climate, American Airlines, Chevron, Procter, Gamble, The New York Times, BlackRock, Bank of America

CNN —House Republicans were shocked by some of the recent high-profile retirements announced by their colleagues, which have included powerful committee chairs and rising stars inside the GOP. And on the Energy and Commerce Committee alone – a highly sought-after assignment – there are eight Republicans who are retiring. “So, yeah, I’m very worried about it.”Others, however, said the turnover is completely normal, especially since the House GOP has self-imposed term limits for chairs, which they argued allows them to inject new blood into the ranks. We probably need a few more retirements.”McCarthy – who resigned at the end of last year – suggested that was perhaps the goal of hard-liners like Good and GOP Rep. Matt Gaetz of Florida who voted to oust him. It’s just a number of things piling up,” said House Science Committee Chair Frank Lucas, reflecting on the retirements.

Persons: “ They’ve, we’re, ”, Ken Buck, Don Bacon of Nebraska, ” Bacon, Carlos Gimenez, Kevin McCarthy, “, it’s, –, Cathy McMorris Rodgers, Mike Gallagher of, Alejandro Mayorkas, Greg Pence, Pfluger, Tom Cole, I’ve, I’m, Bob Good, ” Good, ” McCarthy –, Matt Gaetz, Gaetz, ” McCarthy, Frank Lucas, Mark Green of, Debbie Lesko of, McCarthy, ” Lesko, can’t, Brian Fitzpatrick, Steve Womack, Donald, Trump, Kelly Armstrong of, ’, Erin Houchin, Patrick McHenry of, Chuck Fleischmann of Tennessee Organizations: CNN — House Republicans, CNN, GOP, Energy, impeaching Homeland, Commerce, Indiana, Republicans, Congress, Capitol, ”, House Homeland Security Committee, Representatives, Financial Locations: Ken Buck of Colorado, Carlos Gimenez of Florida, Washington, China, Mike Gallagher of Wisconsin, Texas, Congress, Florida, Mark Green of Tennessee, Debbie Lesko of Arizona, Pennsylvania, Arkansas, New York, Kelly Armstrong of North Dakota, Erin Houchin of Indiana, Patrick McHenry of North Carolina

Cornish, a professor at Ohio State University who studies rubber alternatives, isn't the only one pouring energy into alternative crops like that desert shrub, guayule, or the rubber dandelions that bloom with yellow petals in the greenhouse where Cornish works. And in Nebraska and other parts of the central U.S., green grasses of sorghum spring up, waving with reddish clusters of grains. Instead, they're crops that many companies, philanthropic organizations and national and international entities tout as promising alternatives to fight climate change. Most rubber processing happens overseas, and the U.S. isn't prepared to process rubber domestically. That's why specialty markets will be critical if these crops have any hope of taking off here, Cornish said.

Persons: Katrina Cornish, guayule, isn't, Cornish, Nate Blum, Blum, James Gerber, Gerber, there's, It’s, ”, Tesla, Guayule, Bill Niaura, “ You’re, Curt Covington, Covington, Joshua A . Bickel, Ross D, Franklin, Melina Walling Organizations: Ohio State University, Bridgestone, U.S, Agriculture Organization, AgAmerica, Farmers, Associated Press Locations: United States, Arizona, Nebraska, U.S, India, Saharan Africa, South Asia, Americas, Colorado, Wooster , Ohio, Eloy , Arizona, AP.org

☆ 'Global convergence of favorable regulatory activity' is fueling crypto gains, says EY's Paul Brody
▼ + stars: | 2024-02-15 | 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 Email'Global convergence of favorable regulatory activity' is fueling crypto gains, says EY's Paul BrodyErnst & Young's global blockchain leader Paul Brody says global regulatory shifts in the crypto industry are "unblocking this enormous amount of institutional capital," adding that "there is a lot of water that's behind the dam."

Persons: EY's Paul Brody Ernst, Paul Brody

☆ Premarket stocks: US companies are still worried about an economic shock
▼ + stars: | 2024-02-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. But America’s publicly traded companies are flashing a key sign of economic uncertainty — they’ve been hoarding cash. And companies with existing and expensive debt in a high-interest rate environment would likely want to use their cash to pay it down. “We interpret this correlation as evidence that cash reserves act like insurance against sudden economic shocks,” wrote the researchers. The missing bolts are apparently not the only problem.

Persons: America’s, ” Vijay Govindarajan, ”, Dartmouth’s Govindarajan, Anup Srivastava, Chandrani Chatterjee, Max, Jennifer Homendy, Homendy, Evan Spiegel, Tuesday’s, Read Organizations: CNN Business, Bell, New York CNN, CNN, Moody’s Investors, Dartmouth’s Tuck School of Business, University of Calgary’s Haskayne School of Business, University of Texas, JPMorgan, NTSB, Boeing, National Transportation Safety, Max, Alaska Airlines, United Airlines, Wall Street, Meta Locations: New York, Ukraine, Arlington, Alaska, Oregon, ”

☆ Investors are unlikely to dump cash in favor of locking in bond yields, JPMorgan says
▼ + stars: | 2024-02-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

The inflows this year come at a time when, historically, money funds see seasonal outflows. Ho calculates about $5.5 trillion of the assets sitting in money market funds are core liquidity for companies and cash savings for retail investors. In fact, the most recent push into money market funds is coming from institutional investors, according to the ICI. Assets of institutional money market funds increased by $33.06 billion to $3.65 trillion, while retail money market funds rose by $8.62 billion to $2.35 trillion, the organization found. That's because yields on money market funds lag behind Fed moves.

Persons: Teresa Ho, Ho, Powell, Shelly Antoniewicz, Jerome Powell, AllianceBernstein, Monika Carlson, Carlson, Amy Arnott, Arnott, Rob Williams, Charles Schwab Organizations: JPMorgan, Investment Company Institute, Federal Reserve, CNBC, ICI, Fed, Treasury, Morningstar, Charles, Charles Schwab Center, Financial Research Locations: Treasurys

☆ Chinese stocks are starting to turn around. How to play it
▼ + stars: | 2024-01-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese stocks ended the week with four straight days of gains — a rare upswing after a dismal start to the year. "Investing in China, you have to have an active strategy," he said, emphasizing the need to focus on industries that receive policy support. All three are listed on mainland Chinese stock exchanges. In the past six months, foreign investors have pulled around $30 billion from mainland Chinese A shares, the report said. Citi analysts also include adidas and Kone in their basket of European stocks with China exposure.

Persons: David Chao, Chao, Pan Gongsheng, Edward Chan, Schelling Xie, Xie, CRRC, —, Peter Alexander, Alexander, — CNBC's Michael Bloom Organizations: Asia Pacific, People's Bank of China, PBOC, . Federal Reserve, Financial Regulatory Administration, CNBC, HSBC, Hong, Citi, adidas, Kone Locations: Asia, Japan, Invesco, China, Beijing, Hong Kong, Shanghai, U.S

☆ Retail investors are worried bitcoin will plunge below $20,000 this year, Deutsche Bank survey says
▼ + stars: | 2024-01-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Crypto skeptics aren't changing their tune just because they can now buy bitcoin exposure through an exchange traded fund, according to a Deutsche Bank survey. Since the launch of the ETFs on Jan. 11, bitcoin has fallen about 20% to roughly $39,000, according to FactSet. So far, institutions have been slow to adopt the new funds in portfolios and retail investors aren't entirely convinced they need to, London-based Deutsche Bank analyst Marion Laboure said in a note Tuesday. Looking at bitcoin specifically, Deutsche said 39% of survey participants think it will stick around in the coming years, while 42% anticipate it will disappear. "The crypto world is gradually moving towards greater institutionalization as traditional financial players (tradFi) enter the market," Laboure said.

Persons: bitcoin, Marion Laboure, Deutsche, Laboure, Michael Bloom Organizations: Deutsche Bank, Securities and Exchange Commission, Binance, SEC Locations: London, U.S, Europe, FTX

"When you see the news of a Wall Street employee or any highly paid professional dying this way, it obviously wakes you up." Wall Street is all about relationships, which often means spending big money to show people a good time. "That's been the Wall Street playbook for many, many years, and I don't think it has changed." On the other side of the coin is Wall Street, where a history of drug use can haunt working professionals for years. AdvertisementLaird thinks Wall Street firms could learn a thing or two from other industries when it comes to their response to addiction.

Persons: Rudy Giuliani, It's, Joe, I'm, Anna Lembke, Streeters, biohacking, Wall, couldn't, Rudolph Giuliani, Getty John Battaglia, Spear, Goldman Sachs, " Battaglia, Goldman, Adderall, Jaime Blaustein, Blaustein, Sylvia Brafman, Zyn, who's, JAMES ARTHUR GEKIERE Denise Shull, hasn't, Shull, —, Artur Widak, they've, Ray Donovan, AGNES BUN, Battaglia, Ross Peet, Betty, Lembke, Leonardo DiCaprio, Paramount Pictures Trey Laird, Laird, Trey, That's, Peet Organizations: Business, New York Times, Wall, psychedelics, Stanford, Addiction, Mental Health Services Administration, Bettmann, Leeds, Kellogg, Sylvia Brafman Mental Health, BI, Citadel, Getty, National Institute on Drug Abuse, Credit Suisse, Traders, Bank of America, New, Betty Ford Foundation, Street, Paramount Pictures, Needham & Co, Treatment, Industry Locations: Manhattan, New York, Brussels, Silicon Valley, California, Arlington , Virginia, New York City, Bank, New Canaan , Connecticut

☆ Amazon employees fear increased 'quiet firing' tactics and a 'brain drain'
▼ + stars: | 2024-01-13 | by ( Eugene Kim | Ashley Stewart | ) www.businessinsider.com time to read: +9 min

Silent sacking, Garrison told BI, "is how Amazon is going to reduce operational costs without negatively affecting the stock price. Some Amazon employees recently took to Slack to announce their resignations specifically over the return-to-hub policy. Another AWS employee told BI they feel like they are "doing the job of three people." Any suggestion to the contrary is untrue," the Amazon spokesperson said. Are you an Amazon employee or do you have insight to share?

Persons: they're, Justin Garrison, Garrison, wasn't, URA, hasn't, that's, Slack, RTO, we'd, They've Organizations: Service, Amazon, Business, BI, Amazon Web Services

☆ After a banner 2023, the market faces a tough challenge for a repeat performance
▼ + stars: | 2024-01-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Since 1928, the S & P 500 has finished up 20% or more about 36% of the time. Yes, 2022 was down about 19%, but the S & P has posted declines of 10% or more only 12% of the time since 1928. Could the S & P gain 20% again in 2024? That run from 1995 to 1999 was certainly epic, but that was the last time the S & P 500 saw back-to-back 20% gains. Regardless, with the S & P 500 closing the year at 4,769, a 20% gain next year would mean the S & P would hit 5,722.

Persons: Ben Carlson, Jessica Rabe, Nicholas Colas, Tom Lee, John Stoltzfus Organizations: Ritholtz Wealth Management, DataTrek Research, Fundstrat Global Advisors, Oppenheimer Asset Management

☆ Santa Claus rally period starts on Friday with an average gain of about 1% the next 7 trading days
▼ + stars: | 2023-12-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Friday is the official start of the Santa Claus rally. What the Santa Claus Rally is, and isn't Over the years, Jeff Hirsch of the Stock Trader's Almanac has repeatedly told me the key to understanding the Santa Claus rally is that it is not a trading strategy, it is an indicator. Fortunately, a negative Santa Claus rally period doesn't happen very often, only 12 times since 1969 (less than 25% of the time). In the years when the Santa Claus period is negative, the S & P is up an average of only 5.0%, versus an average gain of 9.1% in all years. You can see this very clearly in this chart: The common explanation is that: 1) markets are stronger with a sitting president because a sitting President can pull levers to help the economy, and 2) markets tend to be weaker with no sitting president because of increased uncertainty around economic outcomes.

Persons: Santa Claus, Yale Hirsch, Ryan Detrick, I've, Jeff Hirsch, Hirsch Organizations: Carson Group, Santa Locations: Santa

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