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☆ 1 dead in Baltimore shooting of 3; related car crash injures 2 young children
  + stars: | 2023-01-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com   time to read: +2 min
Gunfire in Baltimore that killed a man and injured two other adults Saturday night was part of a "mass casualty incident," the city's top police leader said. Baltimore Police Commissioner Michael Harrison described a chaotic scene in the city's Upton community, where ShotSpotter sensors alerted police to gunshots at 6:39 p.m. The vehicle, also carrying children ages 2 and 3, struck a pole and came to a stop, the commissioner said. The children suffered head trauma and lacerations in the vehicle crash, according to the statement. In their overnight statement, Baltimore police said it appeared the vehicle crashed "when the driver was shot."
☆ Trump seeks to shift his idling White House campaign back into gear
  + stars: | 2023-01-26 | by ( Gram Slattery | Steve Holland | ) www.reuters.com   time to read: +5 min
FILE PHOTO: Former U.S. President Donald Trump speaks during a rally at Florence Regional Airport in Florence, South Carolina, U.S., March 12, 2022. Key South Carolina allies U.S. They include two with possible White House ambitions of their own, former Governor Nikki Haley and U.S. But I think it’ll be dominated by DeSantis and Trump for a while,” said Rob Jesmer, a campaign strategist and former executive director of the Republicans’ Senate campaign arm. Among other prominent elected South Carolina Republicans, a spokesperson for U.S. Representative Ralph Norman said he would not attend due to a pre-existing conflict, while representatives of three other House Republicans from South Carolina did not respond.
☆ Sen. Rick Scott is running for re-election pushing his controversial 'Rescue' plan
  + stars: | 2023-01-26 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com   time to read: +7 min
Sen. Rick Scott of Florida is running for re-election, he said in an announcement first shared with NBC News. Scott also promised to push a controversial conservative plan that brought bipartisan condemnation last year. Scott, who denied he would raise taxes but then walked back that part of the plan anyway, told NBC News he’s not backing away from the American Rescue plan. “If you look at when I ran in 2010, there are 4.6 million Democrats [registered to vote] in the state and 4 million Republicans,” he said. “Now what’s happened is we have 4.9 million Democrats and 5.2 million Republicans.
☆ Ketamine is being sold as a depression wonder drug. For some, it's making everything worse.
  + stars: | 2023-01-25 | by ( Anna Silman | ) www.businessinsider.com   time to read: +42 min
The infusions at the ketamine clinic in his West Texas hometown were a Christmas gift from his grandmother. About five years ago, more and more of my friends started using ketamine recreationally. IV ketamine treatment centers charging $400 to $2,000 an infusion popped up all over the country. "Ketamine used as directed in an appropriate clinical setting very rarely leads to any dependence," Mindbloom says on its website. Like Nadia, most of the people I interviewed said when they started using ketamine, they didn't think it was possible to become dependent on it.
☆ Exclusive: Exxon halts routine gas flaring in the Permian, wants others to follow
  + stars: | 2023-01-24 | by ( Sabrina Valle | ) www.reuters.com   time to read: +4 min
Methane, the main component of natural gas, is a potent greenhouse gas. Reuters GraphicsLOW HANGING FRUITBurning less gas during production is an easy way to curb greenhouse gas emissions and increase gas production, according to consultants Rystad Energy. Exxon is allocating $17 billion through 2027 to lower its greenhouse gas emissions globally. PERMIAN FIRST Exxon is starting with 700 sites in the U.S. Permian basin to end routine flaring globally by 2030. Most of its U.S. shale operations are in New Mexico, one of the few states which already limits gas flaring.
☆ Company outlooks so far paint a dreary 2023 earnings picture, BofA says
  + stars: | 2023-01-23 | by ( Scott Schnipper | ) www.cnbc.com   time to read: +2 min
The early 2023 corporate earnings outlooks that companies are issuing alongside actual fourth-quarter results are deteriorating, Bank of America equity and quantitative strategist Savita Subramanian wrote in a report Sunday. As a result, S & P 500 earnings estimates for 2023 have already fallen 1% — but are 10% down from where they were at the peak in June 2022. "Early signs are troubling," with an in-house "S & P guidance ratio" falling into the 10th percentile, signaling that "corporate misery [is] rising." What's worse, analysts' estimates had already fallen 7% coming into the reporting period, Subramanian said. She noted the same disconcerting early earnings trend, headlining a report out on Monday with, "EPS Backdrop Continues To Soften."
☆ Virginia Gov. Youngkin stokes 2024 campaign speculation after killing Ford battery plant over China links
  + stars: | 2023-01-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com   time to read: +7 min
But this week, Virginia Republican Gov. (Virginia doesn't allow governors to serve consecutive terms, so Youngkin can't seek re-election.) “There’s a logic to the politics of Youngkin’s decision,” said Liam Donovan, a Republican strategist and lobbyist. Gretchen Whitmer telling the Detroit News that Youngkin’s “political determination” created an “exciting opportunity” for her state. “Carlyle makes a lot of money out of China,” said Surovell, the Democratic state senator.
☆ Capital One Job Cuts Signal Trouble for IT Labor Market
  + stars: | 2023-01-21 | by ( Belle Lin | ) www.wsj.com   time to read: +5 min
Technology sector employment overall has remained stable, but job postings for future tech hiring have declined for the second consecutive month, according to IT trade group CompTIA. Companies across industries hired 137,000 tech workers in December, compared with 130,000 the month prior, CompTIA estimates based on an analysis of U.S. Labor Department data. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. News of the job cuts was reported earlier by Bloomberg. Some employers might be shedding the additional technology workers they hired to ramp up remote-work capabilities during the early days of the Covid-19 pandemic, said Mark Muro, a senior fellow at Brookings Institution.
☆ Netflix insiders applaud new co-CEO Greg Peters, 'the only real visionary' in the C-suite, but scratch their heads over what other exec changes mean for the company
  + stars: | 2023-01-20 | by ( Elaine Low | Lucia Moses | Claire Atkinson | ) www.businessinsider.com   time to read: +5 min
Netflix's elevation of Greg Peters to co-CEO shows the importance of its advertising sales effort. But Bela Bajaria's rise to content chief has caused some confusion about the future of the TV and film organization. The Netflix veteran now shares the role with current co-CEO Ted Sarandos, as company cofounder Reed Hastings steps down and settles into an executive chairman position. The move made a lot of sense to industry insiders, and even publicly, Netflix had been signaling the ascension for some time. Netflix insiders said Bajaria's new title underscored the importance of TV versus film in the streaming wars.
☆ Netflix founder Reed Hastings is giving up CEO role
  + stars: | 2023-01-19 | by ( Rebecca Picciotto | ) www.nbcnews.com   time to read: +1 min
Netflix’s Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced along side its earnings report Thursday. Greg Peters, most recently Chief Operating Officer, will assume the post of co-CEO in Hastings’ place. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the same time that Peters was appointed to his COO role. The succession announcement comes alongside the company’s fourth-quarter earnings report. The succession announcement comes alongside the company’s fourth-quarter earnings report.
☆ Netflix founder Reed Hastings is giving up his CEO role
  + stars: | 2023-01-19 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +2 min
Netflix co-founder and CEO, Reed Hastings, is in Sydney to meet with executives of other subscription streaming services, February 25, 2022. Netflix founder Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced alongside its earnings report Thursday. Hastings co-founded Netflix in 1997. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the same time that Peters was appointed to his COO role. Scott Stuber, who was previously the head of global film, will step in as chairman of Netflix Film.
☆ As state-run retirement programs become more popular, participants are expected to have $1 billion in savings this year
  + stars: | 2023-01-15 | by ( Sarah O'Brien | ) www.cnbc.com   time to read: +5 min
Within the last decade, 16 state legislatures have adopted retirement-savings programs targeting workers whose employers don't offer a 401(k) plan or similar option. Contributions to Roth accounts are not tax-deductible, as they are with 401(k) plans or similar workplace options. "We've seen a growth of new 401(k) plans in those states that have adopted auto-IRAs," said John Scott, director of Pew's retirement savings project. Limitations to the state programsThere are limitations to the state programs. For example, they do not provide a matching contribution as many 401(k) plans do.
☆ Accusations of a bro culture cloud Tiger Global's fundraising efforts after a $10 million settlement
  + stars: | 2023-01-14 | by ( Rebecca Ungarino | Dakin Campbell | ) www.businessinsider.com   time to read: +6 min
Investors have learned of a $10 million settlement Tiger Global made to a former female employee. Investors don't really need another reason to shy away from Tiger Global Management after a year of terrible performance. The employee who settled with Tiger alleged that Tiger fostered a type of bro culture, led by men who prevented women executives from getting equal opportunities inside the firm. "Prioritizing these values in our day-to-day interactions inside and outside of Tiger Global has been the glue that has underpinned our success for the past 21 years. We remain committed to driving continuous improvement across Tiger Global as we look towards the future."
☆ Global experts worry simultaneous crises could become the new norm
  + stars: | 2023-01-11 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +3 min
London CNN —Business executives, politicians and academics are bracing for a gloomy world battered by intersecting crises, as rising volatility and depleted resilience boost the odds of painful simultaneous shocks. Natural disasters and extreme weather events are seen as the next greatest risk, followed by economic warfare, failure to mitigate climate change and the polarization of society. The top five long-term risks were identified as failure to mitigate climate change, failure to adapt to climate change, natural disasters and extreme weather events, biodiversity loss and ecosystem collapse and massive refugee crises. Climate concerns topped long-term risks in a survey of global experts by the World Economic Forum. The World Economic Forum’s 2022 survey put “interstate conflict” near the bottom of a list of risks that had worsened since the start of the pandemic.
☆ Netflix org chart: We identified the 75 most powerful people at the streamer after a year of layoffs, a reorg, and top exec exits
  + stars: | 2023-01-11 | by ( Ashley Rodriguez | Shayanne Gal | Taylor Tyson | ) www.businessinsider.com   time to read: +3 min
Insider identified 75 of the most powerful execs at the streamer, in an interactive org chart. Product chief Greg Peters took on additional duties as chief operating officer and has since broadened his purview to include gaming. Former PepsiCo exec Sergio Ezama joined in 2021 to become Netflix's chief talent officer. Insider identified 75 of the most powerful executives now at Netflix. They include C-suite executives finance chief Spencer Neumann, as well as business leads like Bajaria and movie boss Scott Stuber.
☆ CFOs Ponder Their Pricing Power as the Economy Cools
  + stars: | 2023-01-09 | by ( Jennifer Williams-Alvarez | Dean Seal | ) www.wsj.com   time to read: +7 min
After a year of significant price increases, companies are trying to figure out how far they can go in 2023. However, pricing experts said, consumers and businesses will likely pull back on discretionary spending and will be less tolerant of price increases as they become mindful of their budgets. The Katy, Texas-based retailer takes an item-by-item approach to price increases. Customers haven’t balked at higher price tags, Ms. Huber said in late October. Still, the company said the aggressive price hikes in 2022 haven’t yet had a significant impact on consumers’ behavior.
☆ Once oil demand picks up, things are going to get very tight, says Pioneer's Sheffield
  + stars: | 2023-01-05 | 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 EmailOnce oil demand picks up, things are going to get very tight, says Pioneer's SheffieldCNBC's Brian Sullivan talks to Scott Sheffield of Pioneer Natural Resources about oil supply and what he sees for oil prices over the next year.
☆ 5 ways to make affordable housing for all in 2023 — from construction laws to mortgage financing
  + stars: | 2023-01-01 | by ( Kelsey Neubauer | Alcynna Lloyd | ) www.businessinsider.com   time to read: +11 min
Houston has been able to keep its housing affordable in large part because of just this, he said. Jeff Tucker, the chief economist at Zillow, also told Insider that the biggest hurdle to affordable housing was "zoning reform." California has already done this when its citizens voted to pass Proposition 46, which provides funding specifically for affordable housing. It allocated just shy of $1 billion to the multifamily sector, according to CCIM, and is expected to see $13 billion in private funds be pushed into affordable housing. In July, Ginnie Mae, a federally-backed mortgage provider, specifically focused on affordable housing, requested that a manufactured home mortgage program be extended.
☆ DeSantis' second inauguration as governor will have a 'Free State of Florida' theme, an intimate candlelight dinner, and a toast to moms supporting the GOP governor
  + stars: | 2023-01-01 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com   time to read: +10 min
The overarching theme is "The Free State of Florida," the Florida Standard first reported. "The Free State of Florida" is a motto mirroring DeSantis' 2022 campaign theme. Officials stand on stage during an inauguration ceremony where Ron DeSantis was sworn in as Florida Governor, Tuesday, January 8, 2019, in Tallahassee, Florida. This inauguration, DeSantis is considering turning down donations from Big Tech companies, The New York Times reported. "I support Governor DeSantis and am honored to have been invited to his inauguration," GOP Rep. Matt Gaetz of Florida told Insider.
☆ Shale oil wraps up an underwhelming year, girds for lower growth
  + stars: | 2022-12-30 | by ( Liz Hampton | ) www.reuters.com   time to read: +3 min
SummarySummary Companies U.S. gains stifled by inflation, aging wells, investor demandsWeaker shale oil production growth lies ahead for 2023Dec 30 (Reuters) - The shale oil patch this week closes the door on a disappointing year while bracing for weaker output gains in 2023, hamstrung by rising costs, dwindling reserves and pressures to hold down spending. He predicted 300,000 bpd to 400,000 bpd of increased shale production in 2023. Civitas grew volume about 4% year-over-year, and anticipates similar growth this coming year as it prioritizes free cash flow and balance sheet strength over growth. OLD WELLS PUMP LESSPioneer and other shale producers are experimenting with oil recovery techniques that could eventually squeeze more oil out of older wells. In the near-term, Sheffield warned oilfield inflation, which ran around 10% to 15% this year, will persist and limit production growth.
☆ In an income-obsessed world, dividends that are too high could turn into a dry well
  + stars: | 2022-12-30 | by ( Scott Schnipper | ) www.cnbc.com   time to read: +2 min
Income and yield, dividends and royalties. After all, analysts' forecast yield on the S & P 500 as a whole in 2023 is still only about 1.8% today. To find red flags among high-payers, CNBC Pro searched the S & P 1500 Index, consisting of the S & P 500, Midcap 400 and Smallcap 600 indexes. The result is five stocks with dividends ranging as high as 15.2%, but no lower than 5.5%. More optimistically, however, its dividend coverage ratio stands at a reasonable 2.0.
☆ Dry January is almost here. Here are 7 of our favorite, tasty non-alcoholic beverages to enjoy all month
  + stars: | 2022-12-30 | by ( Bethany Biron | ) www.businessinsider.com   time to read: +8 min
Dry January is almost upon us, and people around the world are gearing up for a booze-free month. The non-alcoholic beverage market is booming, with sales up 7% to become a $11 billion market in 2022. Here are some of our favorite booze-free options to enjoy all month long, and beyond. In addition to containing zero alcohol, it also has zero calories, zero carbohydrates, and zero gluten, making it a health-conscious option as well. The fizzy beverage has become a fan favorite on social media, with several TikTok posts dedicated to the drink.
☆ For 60 years, the US Navy has been training dolphins and sea lions to keep rivals away from its most sensitive hardware
  + stars: | 2022-12-29 | by ( Gidget Fuentes | ) www.businessinsider.com   time to read: +16 min
The US Navy has been training dolphins and sea lions to detect undersea threats since the 1960s. A US Navy trainer with a Mark 5 Marine Mammal sea lion in Key West in October 1990. The program worked with sharks, rays, and sea turtles but settled on dolphins and sea lions. US NavyThe Navy Marine Mammal Program's budget for 2023 provides $40 million for "food, medicine, veterinary care, husbandry, and facilities," Wilson said. A US Navy sea lion jumps into a riverine command boat during a mine-countermeasures exercise in Bahrain in November 2014.
☆ CIOs Nominate Their Favorite Reads of 2022
  + stars: | 2022-12-28 | by ( Tom Loftus | ) www.wsj.com   time to read: +9 min
Chief information officers, ever alert to any development in a field that only hurtles forward, largely reflected that alacrity in their choice of reading during 2022. PREVIEWChris Bedi, chief digital information officer, ServiceNow Inc. Photo: IBM Corp.Ron Guerrier, chief information officer, HP Inc. Photo: Cisco Systems Inc.Fletcher Previn, chief information officer, Cisco Systems Inc. Photo: Home Depot Inc.Fahim Siddiqui, chief information officer, Home Depot Inc.
☆ It's not just tech. Consumer and communications stocks aided in $10 trillion market wipeout
  + stars: | 2022-12-28 | by ( Scott Schnipper | ) www.cnbc.com   time to read: +2 min
Most of the decline came in S & P 500 stocks, which lost a combined $8.2 trillion. Amazon, Apple, Alphabet, Microsoft, Tesla, Meta Platforms and Nvidia lost a combined $4.95 trillion in market capitalization in 2022. Of those seven megacaps, losses ranged from Amazon's plunging market value of $844 billion to Nvidia's decline of $388 billion. Broken down by the S & P 500's 11 major industry groups, information technology's market value slid $3.49 trillion in 2022, trailed by consumer discretionary stocks, dominated by Amazon, Tesla, Home Depot, Nike, Lowe's and Target, at $1.91 trillion. Silverblatt used the S & P U.S. Broad Market Index, consisting of roughly 2,500 stocks, to measure the total market decline of $10 trillion.
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