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☆ Bills will try to ride emotional rollercoaster to top of AFC
▼ + stars: | 2023-01-07 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

"It's going to be a celebration of life an ongoing life," Beane told reporters looking ahead to Sunday's game. "It will be a challenge for our team to manage the emotions, there's going to be tears out there. PLAYOFF RACEWhile Hamlin and the Bills will be at the emotional centre of the weekend there is plenty of suspense up and down a full slate of games. While a victory would earn the Chiefs a first round bye it might not necessarily bring them home field advantage. Should the 49ers and Eagles both fall the Dallas Cowboys could snatch the NFC crown with a win over the Washington Commanders.

☆ 10 of Wall Street's top tech execs detail how the public cloud is revolutionizing the way they do business: 'We are fundamentally rethinking how we solve problems.'
▼ + stars: | 2023-01-04 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +2 min

This year saw the continued embrace of the public cloud by Wall Street firms. Wall Street is headed for the clouds. But now, a wholesale migration from physical, on-premise data centers to cloud networks is fully underway within financial services. Finance firms are using a move to the cloud as an opportunity to overhaul their business beyond just upgrading back-end tech. Here are the six top trends to watch in the cloud in 2023, according to top Wall Street tech execs.

☆ Elon Musk has lost a bigger fortune than anyone in history
▼ + stars: | 2023-01-02 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

New York CNN —Elon Musk’s wealth destruction has become historic. The bulk of Musk’s wealth is tied up in Tesla (TSLA), whose stock plunged 65% in 2022. Musk’s $44 billion purchase of Twitter hasn’t helped Tesla’s stock or Musk’s personal wealth, either. Musk, Tesla’s largest shareholder, has sold $23 billion worth of Tesla shares since his interest in Twitter became public in April. Tesla’s stock may rebound, and Musk could once again become the world’s richest person.

☆ My first time driving a Tesla showed me why people are so obsessed with Elon Musk's electric cars
▼ + stars: | 2022-12-31 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

First, the basicsThe Tesla Model Y. Tim Levin/InsiderThe Model Y is Tesla's small SUV and its most popular product. The Tesla Model Y. Tim Levin/InsiderThe display is super responsive to taps and swipes and features crisp graphics. The Tesla Model Y. Tim Levin/InsiderPlus, the Model Y lacks Apple CarPlay and Android Auto. Our impressions: An excellent choice, but not the only optionThe Tesla Model Y. Tim Levin/InsiderAs it turns out, the Tesla fans have a point. The Tesla Model Y. Tim Levin/InsiderThe Model Y is a great choice for many buyers, but Tesla isn't the only game in town anymore.

☆ How 2022 shocked, rocked and rolled global markets
▼ + stars: | 2022-12-30 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

The main drivers have been the war in Ukraine, combined with rampant inflation as global economies broke out of the pandemic, but China remained shackled by it. U.S. Treasuries and German bonds, the benchmarks of global borrowing markets and traditional go-to assets in troubled times, lost 17% and 25% respectively in dollar terms. Ten-year Treasury yields jumped to 1.8% from less than 1.5%, knocking 5% off MSCI's world stocks index (.MIWD00000PUS) in January alone. The Fed has delivered an eye-watering 400bps of rate hikes and the European Central Bank, a record 250bps, despite saying this time last year it was unlikely to budge. "What has gone in global markets this year has been traumatic," said EFG Bank Chief Economist and ex-Deputy Governor of Ireland's central bank, Stefan Gerlach.

☆ Premarket stocks: Wall Street kills its darlings
▼ + stars: | 2022-12-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

It appears that Wall Street has also caught on to the concept. Investors are rushing to kill their darlings – er, sell their stocks– and even safe-havens like Apple (AAPL) and Intel (INTC) are getting crushed in the stampede. What’s happening: It’s been a shaky year full of economic uncertainty, geopolitical chaos, elevated inflation and a hawkish Fed. But what’s been most surprising is that market-cap titans, traditionally expected to weather storms on Wall Street well, haven’t held up against the rising macroeconomic tides. EY Parthenon projects that consumer spending will flatline in 2023 after growing 2.7% this year.

☆ I've could not be prouder: Legendary sportscaster Al Michaels on Amazon Prime's NFL Thursday
▼ + stars: | 2022-12-29 | 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 EmailI've could not be prouder: Legendary sportscaster Al Michaels on Amazon Prime's NFL ThursdayAl Michaels, Amazon Prime play-by-play announcer, joins the 'Halftime Report' to discuss this NFL season’s last Thursday Night Football game, pitting the Dallas Cowboys against the Tennessee Titans.

☆ Meet the VC firms that want to help immigrants found their own startups so they keep their talents in the US
▼ + stars: | 2022-12-28 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +3 min

Immigrants play a vital role in the US tech industry, and many have founded successful companies. These VC firms and startup incubators can help immigrants on work visas found companies. But that opportunity simply isn't available to a certain key class of tech worker: The immigrants who are in the US on work visas like the H-1B. H-1B visas are sponsored by the holder's employer, meaning that if they lose their job — either voluntarily or as part of a layoff — they generally have to return to their home country within 60 days. Insider spoke with four firms that focus on investing in immigrant founders, which represent a mix of VC firms and startup incubators, about how to pitch them and which types of resources they could provide.

☆ Deadly winter storm will bring 'life-threatening' cold on Christmas Day, forecasters warn
▼ + stars: | 2022-12-25 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +3 min

The deadly winter storm that has killed at least 28 people and caused travel chaos across the U.S. will create a “potentially life-threatening hazard,” for those on the move or working outside on Christmas Day, forecasters warned Sunday. “In some areas, being outdoors could lead to frostbite in minutes,” the National Weather Service said in a bulletin. Last month, areas just south of the city saw a record six feet of snow from a single storm. Power was being restored but by early Christmas Day morning, over 250,000 homes remained without electricity, including almost 100,000 across Maine, according to the Poweroutage.us website. “Lake-effect snows with local blizzard conditions may linger into Christmas Day,” it added.

☆ Baby, it's cold outside: Teams, fans adapt as deep freeze hits U.S.
▼ + stars: | 2022-12-24 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

[1/3] Dec 24, 2022; Cleveland, Ohio, USA; New Orleans Saints quarterback Andy Dalton (14) throws the ball against the Cleveland Browns during the first quarter at FirstEnergy Stadium. Mandatory Credit: Scott Galvin-USA TODAY SportsDec 24 (Reuters) - The National Football League (NFL) was hit by the cold that pummeled the United States on Saturday as fans bundled up to watch late-season showdowns in punishing conditions. Cities from Pennsylvania to Georgia were expected to experience their coldest-ever Christmas Eve as an arctic blast gripped much the United States, roiling travel plans during the busy holiday season. "We are exploring every possibility to minimize non-essential power around the stadium," the team said in a statement on Twitter. Reporting by Amy Tennery in New York; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Warren Buffett's daughter-in-law was stumped by what to get the investor for Christmas - so she shared her company's finances with him
▼ + stars: | 2022-12-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Warren Buffett's daughter-in-law showed the investor her company's finances as a Christmas gift. "I put together our music company's balance sheet to show him that we were making money," she said. "I didn't know what to get him, so I put together our music company's balance sheet to show him that we were making money," she said. Unlike most people who walk Warren Buffett through their assets and liabilities, Mary Buffett wasn't seeking an investment. Since divorcing Peter Buffett, Mary Buffett has worked as a consultant and speaker, founded an online school, and taught business and finance to university students.

☆ YouTube's NFL 'Sunday Ticket' deal is a win for traditional TV networks, too – here's why
▼ + stars: | 2022-12-23 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Traditional TV networks got what they wanted out of it, too. Google's YouTube TV bundle includes broadcast stations like CBS, Fox and NBC. Sports, and particularly the NFL, have long been considered the glue holding the traditional TV bundle together. YouTube TV had more than 5.3 million subscribers as of the third quarter, putting it above its competitors like Disney's Hulu Live TV+, Fubo TV and Dish's Sling, according to data from MoffettNathanson. "This is a win for YouTube TV as it serves a larger goal for them getting more subscribers.

☆ YouTube lands NFL Sunday Ticket deal, reportedly worth $2 billion a year
▼ + stars: | 2022-12-22 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

YouTube has landed a multi-year deal for NFL Sunday Ticket. The package allows viewers to watch Sunday NFL games from outside of their local market. YouTube has landed the rights to NFL Sunday Ticket in a multi-year agreement, YouTube and the NFL announced on Thursday. NFL Sunday Ticket allows viewers to watch NFL Sunday games that are outside of their local market. NFL games are still some of the most-watched telecasts on broadcast networks in any given year.

☆ Inside Wall Street's cloud ambitions: From cutting costs to new security tools, tech execs from Blackstone, Goldman Sachs, Citadel, and others predict the top cloud trends in 2023
▼ + stars: | 2022-12-22 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +2 min

☆ Who really pays for NFL stadiums?
▼ + stars: | 2022-12-22 | by ( Darren Geeter | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWho really pays for NFL stadiums? In 2022, the Tennessee Titans of the NFL unveiled their plan to build a new stadium in the heart of Nashville. The 1.7-million-square-foot stadium will house 60,000 fans and cost $2.1 billion. Public funds diverted to help build professional sports stadiums and arenas have cost taxpayers $4.3 billion since 2000. While the NFL and team owners contend that stadiums provide economic benefit to a city, researchers claim it's otherwise.

☆ Taxpayers are paying billions for the renovations and construction of NFL stadiums. Here's how
▼ + stars: | 2022-12-22 | by ( Darren Geeter | ) www.cnbc.com time to read: +4 min

These tax exemptions help lower the burden of high debt through low-interest municipal bonds used by cities and teams to pay for stadiums. Since 1913, municipal bonds have been a popular financing option for airports, roads, hospitals and schools. The loophole works by creating an artificial financing structure through tax-exempt municipal bonds. To gain access to those bonds, private companies must fail one of two tests stipulated by the Tax Reform Bill of 1986. The Las Vegas Stadium Authority financed nearly 40% of the stadium through $750 million in bonds backed by its hotel taxes.

LOS ANGELES — Harvey Weinstein was found guilty of one count of rape and two counts of sexual assault but acquitted of one count of sexual battery after a trial in Los Angeles, nearly three years after the disgraced movie mogul was convicted at a watershed sex crimes trial in New York City. In the Los Angeles trial, jurors found Weinstein guilty of forcible rape, forcible oral copulation and sexual penetration by foreign object. Los Angeles District Attorney George Gascón thanked the jurors for their service and hailed the accusers who came forward. In opening arguments, Los Angeles prosecutors portrayed Weinstein as a relentless sexual predator who lorded his status as “the most powerful man in Hollywood” over the women he abused. Daniel Arkin reported from New York, Diana Dasrath reported from Los Angeles.

☆ Wirecard witness admits guilt but pins German fraud blame on ex-CEO
▼ + stars: | 2022-12-19 | by ( Christina Amann | ) www.reuters.com time to read: +3 min

Oliver Bellenhaus, who was head of Wirecard's subsidiary in Dubai, became a key witness in the case after turning himself in to German authorities in 2020. They face charges including fraud and market manipulation and if convicted could be jailed for up to 15 years. Florian Eder, a lawyer for Bellenhaus, told Reuters that the cooperation of his client should result in a "very significant reduction" in his sentence. It was a swindle from the beginning," Bellenhaus told the court, saying he deeply regretted his involvement and the damage it caused. But Bellenhaus told the court on Monday it was "blind loyalty" to Braun, whom he described as an "absolutist CEO", that had landed him in court in Munich.

☆ NFL roundup: Patriots fumble away game to Raiders on last play
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +9 min

Carr completed 20 of 38 passes for 231 yards, three touchdowns and one interception. Bengals 34, Buccaneers 23Joe Burrow threw four touchdown passes to help Cincinnati overcome a 17-point deficit and upend host Tampa Bay for its sixth straight win. Chicago regained possession trailing 17-13 with 8:25 to play after Jake Elliott's 38-yard field goal attempt bounced off the right upright. Saints 21, Falcons 18Andy Dalton threw two touchdown passes and Taysom Hill threw another one as host New Orleans defeated Atlanta. Dalton completed 11 of 17 passes for 151 yards and connected with Juwan Johnson for touchdowns of 19 and 22 yards.

☆ Qatar's 2022 World Cup ends with modest ceremony, titans clash
▼ + stars: | 2022-12-18 | by ( Andrew Mills | ) www.reuters.com time to read: +4 min

After 63 matches, the World Cup in Qatar comes to a close with reigning champions France taking on Argentina in a showpiece final with both teams looking to add a third star to their crest. France's Mbappe and Argentina's Messi, both playing for the Qatari-owned club, are also a reminder of Qatar's influence on global soccer beyond the FIFA World Cup organisation. CONTROVERSYQatar's hosting of the 2022 World Cup, which has been marred by controversy, was part of a carefully built strategy by the tiny but rich state to bolster its global influence. "There is the Workers Support and Insurance Fund that will be looking into any matters relating to unfortunate deaths. And that will continue beyond the World Cup," Thawadi said.

☆ FTX flameout showed investors bought crypto for the wrong reasons. Why most are hoping that'll change in 2023
▼ + stars: | 2022-12-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

In some ways, disgraced FTX CEO Sam Bankman-Fried helped bring more legitimacy to crypto, pushing it further into the mainstream. Decentralized finance has exploded in popularity, but there are other uses for digital assets that people are excited about. Now is a good time for investors to gain knowledge, and doing so would help them solidify their crypto investment thesis in 2023, he said. Specifically, Blumberg added, leaving funds on centralized exchanges is far more dangerous than keeping custody of funds yourself. "The smart investors are seeing this and remembering that what we have here is a fixed supply and, growing demand."

☆ Stage set for clash of titans as Argentina take on France in World Cup final
▼ + stars: | 2022-12-18 | by ( Rohith Nair | ) www.reuters.com time to read: +1 min

DOHA, Dec 17 (Reuters) - After 63 matches, the World Cup in Qatar comes to a close on Sunday when reigning champions France take on Argentina in a showpiece final at Lusail Stadium with both teams looking to add a third star to their crest. The last time these two teams met was at the 2018 World Cup where France beat Argentina 4-3 in the last 16, an encounter that was arguably the most entertaining match of the tournament in Russia. The final will also see a clash of generational stars when 35-year-old Messi, playing in his final World Cup match, faces his 23-year-old Paris St Germain team mate Kylian Mbappe. Both players have scored five goals at the World Cup and could potentially leave Qatar with three trophies as they also vie for the Golden Boot for the top scorer as well as the Golden Ball for the tournament's best player. Reporting by Rohith Nair in Doha Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ India and Vietnam could benefit as chipmakers shift away from China
▼ + stars: | 2022-12-13 | by ( Weilun Soon | ) www.cnbc.com time to read: +5 min

Yuichiro Chino | Moment | Getty ImagesU.S. curbs on chip exports to China are the latest shakeup prompting companies to consider moving some of their chipmaking capabilities to nearby Vietnam and India. In October, the U.S. began requiring companies to obtain licenses to export advanced semiconductors or related manufacturing equipment to China. Shift from China to AsiaThe curbs are the latest in a series of upheavals for the $600 billion global semiconductor industry. China firmly in the leadDespite Asia's rising attractiveness for chipmakers, experts point out that China still maintains a lead over regional economies in terms of its competitiveness in chipmaking. In its "Made in China 2025" blueprint released in 2015, the country laid the groundwork for technological self-sufficiency in chipmaking.

☆ 'The Whale' reaches the big screen after a decadelong journey from the stage
▼ + stars: | 2022-12-12 | by ( Rendy Jones | ) www.nbcnews.com time to read: +6 min

“‘The Whale’ was seminal for me, both in my career but also, kind of, for me personally. It was the first time that I had … really personal stuff from my own history and put it into a play,” Hunter said. The story is set in Moscow, Idaho, where Hunter grew up, and, like Charlie, Hunter said he, too, had a fraught relationship with religious fundamentalism and self-medicated his depression with food. “I’m out of the closet, I’m fine now, but that masks a lot of stuff that I just had not processed. I think it’s worth talking about.”While “The Whale” deals with heavy subject matter, Hunter said it’s still a hopeful film.

Companies Wirecard AG FollowMUNICH, Dec 12 (Reuters) - The former Wirecard CEO Markus Braun began his defence in Germany's biggest post-war fraud trial on Monday, as his lawyer dismissed allegations of wrongdoing at the defunct payments company as "absurd" and prejudiced. They said the deception allowed Wirecard's managers to siphon money out of the company for years. "It's an absolutely absurd and erroneous notion that a gang leader would act like this," Dierlamm told the court. Braun's lawyer told the court that the prosecution's key witness was the main perpetrator. Wirecard became the first-ever member of Germany's DAX blue chip stock index to file for insolvency, owing nearly $4 billion.

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