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☆ John Malone prepares for a victory lap
▼ + stars: | 2023-02-01 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +7 min

Now the cable cowboy’s Liberty Media (FWONA.O) empire is trotting out its trademark financial razzle-dazzle to try and wring additional value out of its assets. Malone, Liberty Media’s chairman, is as renowned for his dizzying array of specialized equity issues, spinoffs and splits as he is for the telecom and entertainment companies that have been subjected to the intricate machinations. It excludes broadcaster Discovery, spun off from Liberty Media in 2005, and international broadband provider Liberty Global (LBTYA.O), hived off a year earlier. A more logical starting point would be 2001, when Malone carved Liberty Media out of telecom giant AT&T (T.N). Likewise, Liberty Media’s accompanying shakeup of its tracking stocks stands to further spotlight the value of Formula One.

☆ Oil falls 1% as rate hikes loom and Russian flows stay strong
▼ + stars: | 2023-01-30 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +2 min

FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File PhotoInvestors expect the U.S. Federal Reserve to raise rates by 25 basis points on Wednesday, followed the day after by half-point increases by the Bank of England and European Central Bank. The OPEC+ panel meeting is unlikely to tweak output policy, three OPEC+ delegates told Reuters on Monday. OPEC+ could “surprise markets with a small cut”, oil broker PVM said, adding it was unlikely to tweak policy. The world’s biggest crude importer pledged over the weekend to promote a consumption recovery that would support demand.

☆ Oil falls 2% as rate hikes loom and Russian flows stay strong
▼ + stars: | 2023-01-30 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

HOUSTON (Reuters) -Oil prices dipped 2% on Monday, extending losses as looming increases to interest rates by major central banks weighed on demand and Russian exports remained strong. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File PhotoInvestors expect the U.S. Federal Reserve to raise rates by 25 basis points on Wednesday, followed the day after by half-point increases by the Bank of England and European Central Bank. The OPEC+ panel meeting is unlikely to tweak output policy, three OPEC+ delegates told Reuters on Monday. OPEC+ could “surprise markets with a small cut”, oil broker PVM said, adding it was unlikely to tweak policy.

☆ I moved to Florida for cheaper housing and lower taxes, plus I'm avoiding downsides like traffic and crowds
▼ + stars: | 2023-01-30 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Tony Stanol moved to Sarasota, Florida from California and prefers the East Coast oasis. They sold their 3,500-square-foot home in Calabasas for $1.2 million, according to Stanol, and have been renting a 2,400-square-foot home in Sarasota, Florida for nine years. I'm from New Jersey, worked in New York for most of my career, and raised a family in Connecticut. Once my two daughters had graduated and were out of the house, my wife and I were empty nesters in Calabasas. I've been renting in Florida for nine yearsWe sold our house in Calabasas for $1.2 million.

☆ 'Selling Sunset' star Jason Oppenheim says the real-estate market bottomed out in 2022, but a full recovery may still be a couple years away
▼ + stars: | 2023-01-30 | by ( Robert Davis | ) www.businessinsider.com time to read: +4 min

Jason Oppenheim said the US real estate market will have "a rough couple of years" in an interview with Yahoo. Inventory levels and high interest rates are the two primary concerns among homebuyers, he added. "I'm generally optimistic, but I don't want to pretend like the real estate market is going to be on the rise," Oppenheim said. While interest rates have steadily increased since the beginning of the pandemic, inventory remains a challenge in many markets across the country. "In terms of prices, I think there's going to be some stability, which is probably healthy for the market," Oppenheim said.

☆ Memphis disbands police unit after fatal beating as protesters take to streets
▼ + stars: | 2023-01-29 | by ( ) www.cnbc.com time to read: +3 min

The specialized police unit that included the five Memphis officers charged with the fatal beating of Tyre Nichols was disbanded on Saturday as more protests took place in U.S. cities a day after harrowing video of the attack was released. The police department said in a statement it was permanently deactivating the SCORPION unit after the police chief spoke with members of Nichols' family, community leaders and other officers. Five officers involved in the beating, all Black, were charged on Thursday with murder, assault, kidnapping and other charges. Nichols' family and officials expressed outrage and sorrow but urged protesters to remain peaceful. In Memphis, protesters chanting, "Whose streets?

Video recordings from police body-worn cameras and a camera mounted on a utility pole showed Nichols, a 29-year-old Black man, repeatedly calling "Mom!" as officers kicked, punched and struck him with a baton in his mother's neighborhood after a Jan. 7 traffic stop. The release of the clips on Friday sparked protests in Memphis and elsewhere and prompted numerous cities to prepare for additional demonstrations on Saturday. Nichols' family and officials, including President Joe Biden, have expressed outrage and sorrow but have urged protesters to remain peaceful. The initial traffic stop was for reckless driving, though the police chief has said the cause for the stop has not been substantiated.

☆ Activists are spreading carefree videos of Tyre Nichols skateboarding to remember him as someone who 'lived in joy'
▼ + stars: | 2023-01-28 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Five Memphis Police Department officers have been charged in the death of Tyre Nichols. —The Uncultured Black (@camarawilliams) January 27, 2023The video of Nichols enjoying simple moments of "Black joy" was something Williams said every Black person can relate to. Williams said he felt the same way about Nichols' life. In a crowdfunding message, Nichols' mother RowVaughn Wells also referenced his life as a skater and described him as "quirky and true to himself." "Tyre Nichols was loved by his community and was known to be gentle, kind, and joyful," Wells wrote.

☆ Republican hardliners, George Santos shun White House welcome for new Congress
▼ + stars: | 2023-01-25 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

WASHINGTON (Reuters) - Embattled Republican freshman U.S. Representative George Santos skipped his invitation to a White House reception on Tuesday evening and appears to have been joined by several hardline newcomers in snubbing President Joe Biden. “Everyone is invited who is part of the new Congress,” said White House spokesperson Karine Jean-Pierre on Monday. Many Republicans in the House have instead promised to block government spending and investigate Biden’s family and use of office. Biden’s fellow Democrats have narrow control of the Senate, while Republicans won a slim majority in the House during the 2022 midterm elections. McCarthy was elected as speaker only after agreeing to a demand by hardliners that any lawmaker be able call for his removal at any time.

☆ 3 couples who drive trucks for a living reveal how they manage to stay in love while on the road
▼ + stars: | 2023-01-23 | by ( Hannah Towey | ) www.businessinsider.com time to read: +5 min

But the Rebelos aren't influencers or travel photographers — they're truck drivers. Insider interviewed three trucking couples about how their marriages have survived — and even thrived — while driving freight across the country. "Even prisoners have a bigger cell than a truck," Deb told Insider. "Of course you love the person, but you better like that person, too," Frank Rebelo said. "You get into a little bit of an argument and you're packing all your stuff," Deb LaBree told Insider about the couple's early trucking days.

☆ We're using the recent sell-off in this industrial stock to add to our position
▼ + stars: | 2023-01-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Shortly after the opening bell, we will be buying 150 shares of Emerson Electric (EMR) at roughly $87.40 apiece. Following Monday's trade, Jim Cramer's Charitable Trust will own 575 shares of EMR, increasing its weighting in the portfolio to about 1.72% from roughly 1.28%. The proposed acquisition of National Instruments looks very consistent with the objectives Emerson management laid out at its November Investor Day event. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ In Mexico, a reporter published a story. The next day he was dead
▼ + stars: | 2023-01-21 | by ( Sarah Kinosian | ) www.reuters.com time to read: +10 min

A day earlier, Lopez–who ran two online news sites in the southern Oaxaca state–had published a story on Facebook accusing local politician Arminda Espinosa Cartas of corruption related to her re-election efforts. As he lay dead, a nearby patrol car responded to an emergency call, intercepted the pickup and arrested the two men. "In silence zones people don't get access to basic information to conduct their lives," said Jan-Albert Hootsen, CPJ's Mexico representative. The infrastructure was a part of the Interoceanic Corridor–one of Lopez Obrador's flagship development projects in southern Mexico. "You would think the biggest enemy would be armed groups and organized crime," said journalist Patricia Mayorga, who fled Mexico after investigating corruption.

☆ In Mexico, a reporter published a story. The next day he was shot dead
▼ + stars: | 2023-01-21 | by ( Sarah Kinosian | ) www.reuters.com time to read: +10 min

One man got out, walked inside and shot the 42-year-old journalist dead. As he lay dead, a nearby patrol car responded to an emergency call, intercepted the pickup and arrested the two men. "In silence zones people don't get access to basic information to conduct their lives," said Jan-Albert Hootsen, CPJ's Mexico representative. One of those killed was Gustavo Sanchez, a journalist shot at close range in June 2021 by two motorcycle-riding hitmen. "You would think the biggest enemy would be armed groups and organized crime," said journalist Patricia Mayorga, who fled Mexico after investigating corruption.

☆ Oil rises, posts second week of gains on China demand outlook
▼ + stars: | 2023-01-20 | by ( ) www.cnbc.com time to read: +2 min

Oil rose by about $1 a barrel on Friday and posted second straight weekly gain, spurred largely by brightening economic prospects for China and resulting expectations of a boost to fuel demand in the world's second-biggest economy. "The oil market has been down on global recession fears, but it is still showing signs it can remain tight a little while longer," he said. Oil rose despite U.S. inventory figures this week showing crude stockpiles rose by 8.4 million barrels in the week to Jan. 13 to about 448 million barrels, the highest since June 2021. A price cap on Russian oil, which has been rippling through the global market, is helping to boost crude prices, said Jim Ritterbusch of consultancy Ritterbusch and Associates. "Sanctions and caps on Russian crude are gradually acquiring some price impact and will become more of a bullish factor when last month's influx of Russian crude cargoes is absorbed into the global market," Ritterbusch said.

☆ Explainer: A looming U.S. debt ceiling fight is starting to worry investors
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +5 min

Here is a Q&A about the implications for markets:WHAT IS THE DEBT CEILING? The debt ceiling is the maximum amount the U.S. government can borrow to meet its financial obligations. Outstanding government debt, nominal gross domestic product and federal limit to borrowWHEN WILL THE UNITED STATES HIT THE DEBT CEILING? Goldman Sachs estimated the debt ceiling would be reached between August and October. Declining as debt ceiling loomsDO BOND PRICES REFLECT U.S.

☆ Stocks making the biggest moves midday: Norwegian Cruise Line, Allstate, Roblox and more
▼ + stars: | 2023-01-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

A Norwegian Gateway cruise ship leaves from the Manhattan port during sunset in New York City, United States on April 10, 2022. Vornado Realty Trust — Shares of the real estate investment trust shed 3.3% after cutting its quarterly dividend to 37.5 cents per share from 53 cents. Roblox — Roblox shares shed 6% following a downgrade to an underweight rating by analysts at Morgan Stanley. Alcoa — Shares of the aluminum company fell 4.6% on Thursday after the company announced its fourth quarter results. Alcoa's adjusted fourth quarter loss was 70 cents per share, narrower than the 81 cent loss expected, according to StreetAccount.

☆ I left Manhattan for LA. It's easier to make friends, my cost of living is lower, and I'm so much happier here.
▼ + stars: | 2023-01-18 | by ( Daniel Zahler | ) www.businessinsider.com time to read: +14 min

I got the full New York City experienceI lived in Manhattan for 12 years. In 2015, I decided to sublet my West Village pad and spend the winter in Santa Monica. Santa Monica is one of the priciest areas of California, but it's still cheaper than Manhattan. Today I'm paying $3,000 a month for a spacious apartment in the heart of Santa Monica with amazing views of mountains and palm trees. New York City is unrivaled in its energy and diversity and is the major league of cities — truly world-class.

Republican state lawmakers and members of Congress are attempting to stifle the growth of sustainable investing and to punish corporate efforts at climate-related financial risk management. This is a closely coordinated political effort driven by a network of dark money organizations fronting for climate denial groups and fossil fuel interests. This is usually anonymous dark money, and it is often traceable back to the fossil fuel industry. They are attempting to bully financial institutions and regulators into ignoring market demand and market risk. Imagine elected officials telling investment firms they cannot offer large-cap or small-cap funds, or emerging market funds, or value funds — or, for that matter, sector funds with exposure to energy companies.

☆ Bank earnings are under way. Here are the biggest storylines everyone on Wall Street is focused on.
▼ + stars: | 2023-01-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Starting today, the six big US banks (Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo) report their Q4 and year-end earnings. But instead of a boring preview on what to expect, I figured I'd have some fun by setting gambling lines on some of the biggest storylines heading into earnings. OK, let's get into the biggest storylines and their odds:David Solomon discusses the recent headcount reduction at Goldman Sachs. What'll be interesting is if he teases even more cuts coming down the line as the bank looks to cut costs. (-150)Background: The bank got ahead of this one by announcing its plans to step back from mortgages earlier this week.

How to earn Chase Ultimate Rewards pointsThe only way to earn rewards in the Chase Ultimate Rewards ecosystem is by opening and using a Chase credit card that operates within this program. Pay Yourself Back with Chase points (up to 1.5 cents per point)During the pandemic, Chase introduced a compelling new way to redeem points for everyday, non-travel expenses. Redeem points for experiences (point values vary)You can also use Chase Ultimate Rewards points to book special experiences, including one-of-a-kind events hosted by Chase. Book hotels through the Chase Ultimate Rewards portalWhile the Chase Ultimate Rewards program partners with IHG Rewards, Marriott Bonvoy, and World of Hyatt, it's important to price shop awards before you transfer Chase points to these programs. For example, you may find that a Marriott stay that costs 50,000 points will only set you back 12,000 Chase points through the portal.

☆ Victoria Lee, rising MMA star, dies at 18
▼ + stars: | 2023-01-09 | by ( Francesca Gariano | ) www.nbcnews.com time to read: +3 min

Mixed martial arts rising star Victoria Lee has died at 18. In an Instagram post on Saturday, MMA fighter Angela Lee shared that her younger sister, Victoria, had died last year on Dec. 26, 2022. The best daughter, the best granddaughter and the best godma / aunty to Ava and Alia.”“We miss you so much sis. “The ONE Championship team is devastated over the tragic passing of Victoria Lee,” a post on Twitter read. In recent years, she defeated Victoria Souza with a TKO in the second round in September 2021.

☆ Mysterious NYC trio make off with $300K in Brinks truck heist after distracting driver and stealing duffle bag filled with cash
▼ + stars: | 2023-01-08 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Police say two men approached the truck driver for help while another stole the duffle bag on Friday. The bag containing $300,000 in cash was left unattended on the armored truck's bumper, officials say. The driver was making a cash drop around 1 p.m. at a Chase Bank in Brooklyn's Sunset Park neighborhood, the New York Post reported. Police said the duffle bag full of money was sitting unattended on the bumper of the armored truck when two of the thieves started up a conversation with the driver. If apprehended, the men could face up to 15 years in prison for grand larceny, according to New York laws.

☆ Colorado funeral home operators sentenced for selling body parts without permission
▼ + stars: | 2023-01-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +2 min

Two Colorado funeral home operators who sold body parts or bodies in a scheme a prosecutor called “horrific” were sentenced to prison Tuesday, officials said. They operated Sunset Mesa Funeral Home in Montrose, a city of around 20,000 in western Colorado, and stole and sold body parts or bodies from 2010 to 2018, prosecutors said. The bodies or body parts of hundreds of people were stolen, the U.S. attorney’s office said. Prosecutors said that in addition to stealing bodies and body parts, they sold remains of those who had infectious diseases but falsely certified them as disease-free. When entire bodies were sold, cremated remains were returned to families that weren’t those of their loved ones.

☆ Former Colorado funeral home owner sentenced to 20 yrs for selling body parts
▼ + stars: | 2023-01-04 | by ( John Shiffman | ) www.reuters.com time to read: +3 min

Jan 3 (Reuters) - A former Colorado funeral home owner was sentenced to 20 years in federal prison on Tuesday for defrauding relatives of the dead by dissecting 560 corpses and selling body parts without permission. Sheoperated a funeral home, Sunset Mesa, and a body parts entity,Donor Services, from the same building in Montrose, Colorado. "Hess and Koch used their funeral home at times toessentially steal bodies and body parts using fraudulent andforged donor forms," prosecutor Tim Neff said in a court filing. The federal case was triggered by a 2016-2018 Reuters investigative series about the sale of body parts in the UnitedStates, a virtually unregulated industry. But selling body parts such as heads, arms and spines –which is what Hess did – for use in research or education is notregulated by federal law.

[1/2] Frank James, the suspect in the Brooklyn subway shooting walks outside a police precinct in New York City, New York, U.S., April 13, 2022. REUTERS/Andrew KellyNEW YORK, Jan 3 (Reuters) - The man who set off smoke bombs on a crowded New York subway train before shooting 10 people last April in one of the most violent attacks ever seen on the city's transit system pleaded guilty on Tuesday to terrorism and weapons charges. "I got on the subway train that was carrying people," said James, dressed in wrinkled khaki jail overalls and sitting at a table alongside his public defenders. read moreLess than two months after James' attack, a man was arrested in the fatal, unprovoked shooting of a man on a subway car crossing the Manhattan Bridge from Brooklyn into Manhattan. In June, another man was arrested on suspicion of pushing a woman onto the tracks of a subway station in the Bronx.

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