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☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

☆ How to talk about mental health across generations
▼ + stars: | 2023-05-05 | by ( Julia Chan | ) edition.cnn.com time to read: +9 min

We are born to connect, so if we don’t do that, that’s probably the biggest hit on your mental health. Gen Z is moving the needle when it comes to bringing mental health up everywhere, like language, workplace, to their bosses. There’s a little bit more wiggle room to talk about mental health. What you can do in each generation is match mental health resources. We are going to talk about mental health, damn it!” The goal is for you to connect with your family member and understand what makes them tick.

☆ Mortgage rates remain volatile, tick down after climbing for two weeks
▼ + stars: | 2023-05-04 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —The only thing consistent about mortgage rates right now is that they are volatile in the wake of mixed economic signals and recent bank failures. Mortgage rates ticked down this week, after climbing for two weeks in a row. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. Analysts have said that recent bank failures are doing some of the Fed’s work on reducing inflation for it. The move is unlikely to have a big impact on mortgage rates, as the move was already factored in for most investors said Xu.

☆ A new sign of panic in the US banking industry: Law firm Wachtell Lipton calls on SEC to crack down on short selling of bank stocks.
▼ + stars: | 2023-05-04 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +3 min

Influential law firm Wachtell Lipton says the SEC needs to respond by stopping bets against bank stocks in the form of short sales. Read the law firm's memo here. On Thursday, the law firm Wachtell Lipton sent a memo to clients asking the Securities and Exchange Commission to crack down on the short selling of bank stocks. Calls for limits on short selling can be seen as a sign of stress in the financial system. Other longer-term solutions may include reinstitution of the traditional up-tick rule, and aggressive enforcement combating abusive short sales, market manipulation and groups acting in concert.

☆ What to expect from the jobs report
▼ + stars: | 2023-05-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —If the latest employment trends continue and economists’ forecasts prove true, Friday’s jobs report could bring back that pre-pandemic feeling. Economists expect the US economy to have added 180,000 jobs in April, according to consensus estimates on Refinitiv. It could also hammer home the fact that the US labor market has indeed cooled down from its red-hot recovery over the past two years. What a rising unemployment rate meansEconomists are expecting the unemployment rate to tick up to 3.6% from 3.5%, according to Refinitiv. Mixed signalsPayroll processor ADP’s monthly look at private-sector employment activity, released two days before the BLS’ employment report, is sometimes looked at as a preview of what to expect from the federal data.

19 of our favorite Amazon Pet Day dealsAmazon#1 Yaheetech Cat Tree - $66 $51 (with coupon)Wow, that's a lot of cat tree for your money. In our testing for the best dog beds, this was easily our favorite calming bed. Amazon#6 AirTag Breakaway Cat Collar - $12.99 $7.98If you fancy picking up some AirTags from the deal below, these affordable collars are a decent match as they have a disc slot for Apple's tracking device. ), be sure to head on over to our best cat collar guide. We named it the best dog harness because it's suitable for dogs that walk nicely on leash as well as vigorous pullers.

☆ Twitter appeared to suffer a new glitch during the Met Gala, logging out desktop users seemingly at random
▼ + stars: | 2023-05-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter appeared to suffer another outage on Monday, as users were logged out of the platform. The issue continued during the Met Gala, a typically high-traffic event as users discuss celebrity fashion. Twitter appeared to suffer another glitch on Monday, as desktop users reported being repeatedly logged out of the platform. ET – a couple hours before celebrities arrived on the red carpet for the Met Gala. In February, Twitter suffered an outage during another high-traffic event, the Super Bowl halftime show.

☆ Twitter users have found a loophole to get their legacy verified blue ticks back just by writing a few key words in their bios
▼ + stars: | 2023-05-02 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

People have found a way to get their Twitter blue checks back for free — though it's just a temporary fix. Legacy verified Twitter users have found a temporary fix to get their blue tick back for free — just by adding in a few words to their bio. Cheryl Teh, a news editor from Insider — who lost her blue tick when Twitter CEO Elon Musk axed the legacy blue tick program on April 1 — confirmed that writing "former blue check" in her bio restored the blue tick. But Musk replaced it with a subscription-based service, where legacy verified users could keep their checkmarks by signing up for the Twitter Blue subscription program. The posthumously installed blue tick beside these celebrities' names on Twitter erroneously claims: "This account is verified because they are subscribed to Twitter Blue and verified their phone number."

☆ MLB roundup: White Sox surge past Rays, snap 10-game skid
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +12 min

[1/6] Apr 30, 2023; Chicago, Illinois, USA; Chicago White Sox first baseman Andrew Vaughn (25) watches his game-winning three-run home run against the Tampa Bay Rays during the ninth inning at Guaranteed Rate Field. Christian Bethancourt added a solo homer and two RBIs. Orioles 5, Tigers 3Adam Frazier and Jorge Mateo hit solo home runs and visiting Baltimore continued its dominance of Detroit. Evan Phillips closed out the ninth inning to earn his third save. Reliever Zack Thompson (1-2) allowed two runs on one hit and two walks while retiring just two batters.

☆ Obesity is a chronic disease. It's why treating it will be so profitable unless payers push back
▼ + stars: | 2023-04-30 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +9 min

Lilly manufactures tirzepatide, which is sold under the brand name Mounjaro as a type 2 diabetes treatment. It's the chronic nature of obesity that will make these drugs so profitable, analysts have said. Huynh increased his target due to higher expectations for Mounjaro sales this year. Huynh boosted his prediction for the drug's sales this year to $3.7 billion from an prior estimate of $2.7 billion. "$48 billion is a monster number," Holz said, referring to an annual sales estimate that Bank of America has floated for future Mounjaro sales.

☆ One case of Crimean-Congo fever detected in Senegal
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +1 min

DAKAR, April 30 (Reuters) - Senegal's health ministry confirmed a case of Crimean-Congo haemorrhagic fever (CCHF) in a hospital on the outskirts of the capital Dakar, it said in a statement. The case was detected on April 21 in the Dalal Jamm hospital in Guediawaye, the health ministry said in the statement released late on Saturday. According to the Africa Centres for Disease Control and Prevention, the largest recent outbreak was detected in Mauritania in 2003, with 35 cases and six deaths. South Africa had 17 cases and five deaths in 2011. Reporting by Diadie Ba and Edward McAllister;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ AI scam calls: This mom believes fake kidnappers cloned her daughter's voice
▼ + stars: | 2023-04-29 | by ( Faith Karimi | ) edition.cnn.com time to read: +12 min

But her older daughter, 15-year-old Brianna, was away training for a ski race and DeStefano feared it could be a medical emergency. “A scammer could use AI to clone the voice of your loved one,” the agency said in a statement. Law enforcement has not verified whether AI was used in her case, but DeStefano believes scammers cloned her daughter’s voice. It was the voice, matching with the crying.”Jennifer DeStefano, right, with her daughter, Brianna: "A mother knows her child," she said. She’s tried to figure out how the virtual kidnappers got her daughter’s voice, and has considered several scenarios.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Here's why Rolex watches are so expensive and how the brand gained its luxury status
▼ + stars: | 2023-04-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

With their precision manufacturing, specially sourced materials, and exceptional craftsmanship, Rolex watches have never come cheap, but neither were they out of financial reach for 1960s working professionals in search of perfect timekeeping and technical innovation. "Back then, anybody could afford a Rolex," Hess told Insider. Dealers would buy luxury watches in Switzerland to carry across the border and sell in Italy. That reputation has helped Rolex crush the competition with a quarter of the luxury watch market — more than double that of runner-up Omega. "They all buy the little wannabe Rolex brands in the beginning and finally, when they achieve success, they buy that Rolex."

☆ Twitter to allow publishers to charge users on a per article basis starting May
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +1 min

April 29 (Reuters) - Twitter Inc CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users on a per article basis with one click, calling it a win for both the public and media organizations. Since taking over the social media firm in October, Musk has swiftly moved through a number of product and organizational changes. The company rolled out Twitter-verified blue tick as a paid service and shrunk the employee base by about 80%. Musk has been bringing in changes to boost revenue at Twitter after the social media platform saw advertising income drop last year in the run-up to his on-again-off-again acquisition that closed. Reporting by Juby Babu in Bengaluru; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

☆ ‘R.M.N.’ Review: A Bleak Diagnosis for Romania
▼ + stars: | 2023-04-27 | by ( Manohla Dargis | ) www.nytimes.com time to read: +2 min

Deep into “R.M.N.,” an anatomy of the human condition, this powerhouse of a movie gets deeper, creepier and unnervingly familiar. At that point, dozens of residents in a Romanian village have gathered for an impromptu town hall. I’ve called the movie an anatomy, but this scene is more of an autopsy. “R.M.N.” is set in motion by Matthias (Marin Grigore), a hulking brute who stalks the movie like a threat. He moves back in with his wary wife and young son, and pursues and beds a former lover.

☆ Mortgage rates tick up for the second week in a row
▼ + stars: | 2023-04-27 | by ( Anna Bahney | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Mortgage rates inched up again this week. Even though rates ticked up for the second week in a row, with the rate of inflation decelerating, mortgage rates should gently decline over the course of the rest of this year, said Sam Khater, Freddie Mac’s chief economist. Still, despite slightly higher rates last week, purchase applications increased last week from the week before, according to the Mortgage Bankers Association. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. Buyers who need to buy this spring are going ahead with their mortgage applications, said Broeksmit.

☆ Russian oil price caps have crushed Moscow's war revenue to start the year - despite widespread violations
▼ + stars: | 2023-04-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The Kyiv School of Economics found that the West's price caps have hit Russia's oil export revenue. In December, the G-7 and EU imposed a price cap of $60 a barrel on Russian crude, and in February they imposed additional price caps on a range of refined Russian fuels. To be sure, moderating global oil prices over recent months also contributed to lower export prices for Russia. In their view, that means price caps should be lowered further to ensure a "continued weakening" of Russian export earnings. The market for Russian crude has been fundamentally transformed since Vladimir Putin ordered the invasion of Ukraine.

☆ Insiders say Tucker Carlson overplayed his hand at Fox but the 'whole universe' of right-wing media is courting him now
▼ + stars: | 2023-04-25 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +8 min

the Fox insider said. Lachlan Murdoch had defended Carlson time and again, most publicly in April 2021, pushing back against Anti-Defamation League complaints of the anchor's "great replacement theory" comments. Lachlan Murdoch and Rupert Murdoch. A second Fox News insider, who is familiar with conversations happening in Australia, said Lachlan Murdoch was looking long term. The board has also put pressure on the Murdoch family to change things at Fox News.

☆ Twitter grants UK far-right party Britain First 'official organization' label
▼ + stars: | 2023-04-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Twitter labeled the British far-right political party Britain First an "official organization," raising questions about the direction in which Elon Musk has taken the platform after its content moderation and verification overhaul. When clicking on the checkmark, a textbox shows the message: "This account is verified because it's an official organization on Twitter." On April 20, about 400,000 legacy-verified Twitter accounts lost their blue checkmarks as part of Musk's drive to gain the platform more money from subscriptions. Individual users must pay $8 for a membership with Twitter Blue, which gives them features such as the blue tick and the ability to edit tweets. In response to those labels, NPR and CBC announced they would stop using Twitter in an official capacity to disseminate reporting.

☆ Twitter drops 'government-funded' label on media accounts, including in China
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

April 21 (Reuters) - Twitter dropped the "Government-funded" and "China state-affiliated" labels, which implies government involvement in editorial content, from the accounts of various global media organizations, their profiles showed on Friday. Twitter dropped the "Government-funded Media" label from the accounts of U.S.-based National Public Radio (NPR), British Broadcasting Corp and Canadian Broadcasting Corporation (CBC). It also dropped the "China state-affiliated media" tag on the accounts of Xinhua News as well as of journalists associated with government-backed publications. That led NPR and CBC to stop posting to their Twitter accounts, arguing that the label did not accurately capture their governance structure. Twitter, NPR, CBC and BBC did not immediately respond to a request for comment on the removal of the tag.

☆ BTS, one of the biggest celebrity accounts on Twitter, has refused to pay Musk $8 for a blue tick
▼ + stars: | 2023-04-21 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

K-Pop supergroup BTS — like hundreds of other celebrities — lost its blue checkmark on Twitter. At press time, the band had not paid to restore its blue checkmark under Elon Musk's Twitter Blue. On Thursday, Musk tweeted that he's personally funding some celebrities' Twitter Blue statuses — but did not specifically say whose subscriptions he's paying for. It's unclear who's paying for the Twitter Blue subscriptions on Hybe's and BTS' official accounts. Other K-Pop groups have also refused to give Musk $8 for Twitter Blue.

TOKYO, April 19 (Reuters) - Data showing British inflation stayed above 10% in March meant the pound climbed against the dollar while other currencies dipped, with the greenback underpinned by a tick-up in U.S. yields. Sterling was last 0.25% higher at $1.2454, heading back to last week's 10-month high, after data showed British consumer price inflation eased by less than expected in March to 10.1% from February's 10.4%. However, he added: "With the Fed expected to hike in May and the ECB to hike by more over the coming months, the positive impetus from this data for the pound will likely be contained." Expectations for higher official rates in a market relative to those elsewhere typically drag money market and government bond yields higher, attracting cash into a country while boosting its currency. "It's the volatility in the bond market that's driving the dollar, not the other way round."

☆ Elon Musk says news organizations should only tweet 10 stories a day, after he tweeted more than 100 times over the weekend
▼ + stars: | 2023-04-18 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk said on Fox News' "Tucker Carlson Tonight" that news organizations should limit tweets. During the interview, Musk discussed his decision to remove The New York Times' blue tick on Twitter. Carlson asked Musk about a tweet at the time in which he described the Times' feed as "the Twitter equivalent of diarrhea." According to the social-media tracker Socialblade, the newspaper tweeted an average of 110 times a day over the last two weeks. Last month, Musk overtook Barack Obama to become the most-followed account on Twitter, five months after buying the company.

☆ China's economy grew 4.5% in the first quarter, the fastest pace in a year
▼ + stars: | 2023-04-18 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

The economy grew 3% in 2022, less than Beijing's official target of around 5.5% set in March last year. For 2023, the government last month set a modest growth target of "around 5%." On pace to exceed targetGoldman Sachs said China's first-quarter growth of 4.5% supports the firm's full-year outlook for the economy to grow 6%. "Today's data are in line with our full-year bullish view for China growth," Goldman Sachs' chief China economist Hui Shan told CNBC. We keep the full-year GDP forecast at 5% as external demand should be a concern for the year," Pang wrote.

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