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☆ NFL roundup: Bill Belichick makes history as Pats overpower Jets
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +10 min

Matthew Stafford had a rushing and passing touchdown for the Rams (3-4), going 22 of 33 in the air for a season-low 187 yards. Dalvin Cook (20 carries, 111 yards) and Alexander Mattison (five carries, 40 yards) combined for 151 rushing yards and two touchdowns for the Vikings (6-1). According to the NFL, Kamara is the first player in league history to have 10 games with at least one rushing touchdown and one receiving touchdown in his first six seasons. Josh Jacobs, who entered the game second in the NFL with an average of 105.5 rushing yards per game, finished with 43 yards on 10 carries for the Raiders (2-5). It was the fourth consecutive 200-yard performance for Henry against the Texans (1-5-1), dating back to 2019, and the most rushing yards by any player this year.

☆ Rate Squeeze Punishes Once-Triumphant Tech Stocks
▼ + stars: | 2022-10-30 | by ( Gunjan Banerji | Hannah Miao | ) www.wsj.com time to read: 1 min

The Nasdaq Composite Index’s value has dropped this year by about $8 trillion. Shares of the largest U.S. technology firms have fallen out of favor in the most pronounced way since the 2000 tech bubble, victims of a shift in investors’ tastes inspired by rising interest rates. The 2022 market bust has turned the popular “FAANG trade”—the practice of buying fast-growing technology titans such as Facebook owner Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc.—into a pumpkin. Of those five companies, only Apple, down 12% this year, has outpaced the Nasdaq Composite Index’s 29% decline.

☆ A notorious market bear who called the 2000 and 2008 crashes says stocks would still need to fall more than 50% just to reach valuation norms — and warns of an 'avalanche of earnings disappointments'
▼ + stars: | 2022-10-29 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman says stocks would have to fall more than 50% further to hit valuation norms. Stocks have staged an impressive rally in recent weeks, with the S&P 500 up 9% since October 12. For Hussman, valuations are still too high, even though the benchmark index has fallen as much as 25% this year. Still, valuations are nowhere near levels that we associate with satisfactory long-term market returns, so I suspect that more shoes will drop." The earnings disappointments Hussman sees will be caused by restrictive monetary policy from the Federal Reserve that weigh on demand.

LONDON, Oct 27 (Reuters) - Seeking to restore vigour to a business that's been languishing, Credit Suisse (CSGN.S) says it will reshape its investment bank by resurrecting the First Boston brand. Still, Credit Suisse says it expects CS First Boston to generate 14% of total group revenue by 2025, starting with annual sales of about $2.5 billion. Credit Suisse has been plagued by an exodus of senior bankers over the past 18 months. Yet most trading activities will remain within Credit Suisse, raising questions on CSFB's ability to compete with the likes of Goldman Sachs and JPMorgan (JPM.N). Credit Suisse is hoping to eventually pursue an initial public offering of CSFB, Körner told analysts.

The bid amounts for the unit, known too as Banamex, were not disclosed by the sources. The sources also cautioned that no deal was guaranteed with any party and Citigroup could ultimately decide to sell Banamex shares on the Mexican Stock Exchange instead. Inbursa and Grupo Mexico declined to comment. Backed by Slim, Mexico's richest person, Inbursa was flagged as a strong contender when Citigroup put Banamex up for sale in January. However, mining tycoon Larrea has the firepower to compete as a candidate to buy Banamex, the sources said.

☆ Investors should look for the bear market to be over in the first quarter of 2023, Morgan Stanley's Mike Wilson says
▼ + stars: | 2022-10-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Investors could see the bear market end as soon as early next year, according to Morgan Stanley's Mike Wilson. "We think the market will hold up and that will be another positive catalyst," Wilson told Bloomberg. Wilson noted that the outlook was fluid and he would turn bearish again if the S&P 500 fell below 3650. "We think the market will hold up and that will be another positive catalyst, because if the market doesn't go down on bad news, and the market doesn't go down on bad news and fundamentals, what do you have?" Wharton professor Jeremy Siegel echoed those points, predicting stocks could rally 30% next year as long as the Fed doesn't overtighten the economy and tip the US into a recession.

☆ Goldman Sachs shares exactly how to position your stock portfolio as a make-or-break Q3 earnings season kicks into high gear
▼ + stars: | 2022-10-25 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Goldman Sachs shared the investing playbook it recommends following right now. Since 1974, those three groups have had the best relative performance to the S&P 500 during periods of weak economic growth, Kostin wrote. "Our economists expect GDP to decelerate further, and risks to their forecast are tilted downward," Kostin wrote in the note. Goldman SachsFinally, Goldman Sachs recommends that investors avoid the following sectors and industries: technology hardware, industrials, media & entertainment, semiconductors, automobiles & components, and materials. Those parts of the market are economically sensitive and will be disproportionately hurt if the economic slowdown worsens, Kostin wrote.

☆ Bolsonaro versus Lula: Ahead of Brazil's high-stakes elections, here's what to know
▼ + stars: | 2022-10-24 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

His adversary, former President Luiz Inácio Lula da Silva, has sought to kindle nostalgia for his years presiding over an economic boom and social inclusion. Here’s what you need to know about the Brazilian presidential runoff, which is on Oct. 30. That is why da Silva, who was president from 2003 to 2010, can run this year. Most polls 2 1/2 weeks after the first round show da Silva retaining a slight lead over Bolsonaro. Da Silva, known universally as Lula, has focused on his prior terms, during which commodities exports surged and tens of millions of Brazilians joined the middle class.

☆ NFL roundup: Panthers surprise Bucs, Packers lose third straight
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +10 min

Mandatory Credit: Jim Dedmon-USA TODAY SportsOctober 24 - PJ Walker threw two touchdown passes and the Carolina Panthers shut down Tom Brady and the Tampa Bay Buccaneers in a 21-3 victory Sunday afternoon at Charlotte, N.C. Foreman gained 118 yards on 15 carries and Hubbard picked up 63 yards on nine carries with a touchdown. Commanders 23, Packers 21Taylor Heinicke overcame a rough start, but threw two touchdown passes as Washington rallied to hand Green Bay its third straight loss, in Landover, Md. Travis Etienne went for 114 yards and a touchdown on 14 carries for Jacksonville (2-5), which has lost four straight. With 18 seconds left, Pickett (32-of-44 passing, 257 yards, one touchdown, three interceptions) threw a game-sealing interception in the end zone.

☆ They were on the run from the Taliban, abandoned by their US allies — until a Wall Street banker decided to smuggle them out of Afghanistan
▼ + stars: | 2022-10-23 | by ( Nina Burleigh | ) www.businessinsider.com time to read: +29 min

His daughter worked for the US-backed government in Kabul, prosecuting the Taliban and their followers for acts of violence against women. The war in Afghanistan effectively began on 9/11, with the attacks on Wall Street and the Pentagon. Last summer, when the Taliban overran Kabul, Calbos was in Greece visiting his father. "I see kind of a mirror image to mine in his history and his family," Calbos says. With the clock ticking on the family's temporary visas, Calbos scrambled to arrange a flight out of Pakistan.

☆ The economy may be in better shape than you think...for now
▼ + stars: | 2022-10-23 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

The consensus forecast from economists surveyed by Reuters is that GDP grew at an annualized pace of 2.1% in the third quarter. (This will be the first estimate for third-quarter GDP, and there will be several revisions in the coming weeks.) That also means the Fed will likely continue to sharply raise interest rates to finally choke off inflation once and for all. Those rate hikes helped cause a so-called double-dip recession, where the economy suffered two downturns between 1980 and 1982. In other words, the much-hoped-for “soft landing” for the economy could turn out to be a pipe dream.

☆ Meta-Backed Meesho Is Beating Amazon, Walmart in Race for Indian Shoppers
▼ + stars: | 2022-10-22 | by ( Newley Purnell | ) www.wsj.com time to read: 1 min

An upstart e-commerce service is winning more new shoppers in India than Amazon Inc. and Walmart Flipkart, posing a challenge to the U.S. retailing titans, which have plowed billions of dollars into the world’s biggest untapped digital market. Bengaluru-based Meesho is leading the burgeoning social-commerce sector, allowing users to sell items by sharing product listings with friends via Meta Platforms Inc.’s popular WhatsApp messaging service, along with Facebook and Instagram. Meta is also an investor in Meesho, with an undisclosed stake.

☆ Robin Hood Foundation picks Goldman Sachs executive Dina Powell McCormick as new chair
▼ + stars: | 2022-10-20 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Dina Powell, former deputy U.S. national security advisor, speaks during the Saudi-U.S. CEO Forum in New York, U.S., on Tuesday, March 27, 2018. Goldman Sachs executive Dina Powell McCormick has been named chair of the Robin Hood Foundation, a nonprofit backed by Wall Street executives and other business leaders that aims to combat poverty. McCormick, who was the group's vice chair, was elevated by the board to chair on Wednesday, the foundation announced in a statement. "For 35 years, Robin Hood has been fighting to elevate New Yorkers out of poverty. Being elected chair by her peers is a powerful recognition of Dina's history of service, leadership, and commitment to our mission," Robin Hood CEO Richard R. Buery, Jr. said in a statement.

☆ Twitterverse vigilance scares LVMH CEO into dumping his private plane
▼ + stars: | 2022-10-19 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

Renault, 73, the world’s second-richest man with a net worth of over $149 billion, said he has sold his private jet because he was Twitter-shamed over his frequent plane use. “Indeed, with all these stories, the group had a plane and we sold it,” Arnault told an LVMH-owned radio station, on Monday. “It’s not very good that our competitors can know where we are at any moment,” Antoine Arnault told the radio station. Elon Musk tried to pay off a 19-year-old from Florida to stop tracking his private jet use. Jack Sweeney rejected the $5,000 offer from Musk to delete his Twitter account that tracks the Musk’s private jet journeys.

☆ Former Titans TE Delanie Walker announces retirement
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

Sep 8, 2019; Cleveland, OH, USA; Tennessee Titans tight end Delanie Walker (82) scores a touchdown as Cleveland Browns strong safety Damarious Randall (23) and strong safety Morgan Burnett (42) defend during the second half at FirstEnergy Stadium. Mandatory Credit: Ken BlazeOctober 18 - Three-time Pro Bowl tight end Delanie Walker announced his retirement from the NFL on Tuesday. Walker, 38, began his 14-season NFL career with the San Francisco 49ers in 2006. He spent seven seasons with the 49ers before signing a four-year, $17.5 million contract with the Tennessee Titans in 2013. Walker had 504 catches for 5,888 yards and 36 touchdowns in 183 games (100 starts) with the 49ers and Titans.

☆ Remote work didn't erase the risk of sexual harassment in corporate America. It made it more difficult to police, HR leaders say.
▼ + stars: | 2022-10-18 | by ( Shana Lebowitz | Marguerite Ward | ) www.businessinsider.com time to read: +7 min

Sexual harassment might become a bigger threat to the well-being of US workers, HR pros say. Harassment hasn't gone away because of the #MeToo movement or because of the pandemic and remote work, Driver, the chief HR officer at the cybersecurity company Exabeam, said. "The #MeToo movement didn't have time to mature," Alexandra Zea, a client partner and team lead at the HR consultancy Leapgen, said. Remote work changed harassment — it didn't eliminate the riskMaggie Smith, who has more than two decades of experience in HR, said she'd noticed some employers getting complacent around harassment. Some workers aren't aware that these behaviors can constitute harassment, Driver said, so they don't report the incidents.

☆ 'Black Adam' review: Dwayne Johnson stars as the antihero in a drab addition to the DC Universe
▼ + stars: | 2022-10-18 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +4 min

CNN —“Black Adam” features a protagonist of almost unlimited power, which only makes its puny script more conspicuous. There’s simply no getting around the clunkiness of the dialogue, or the sense “Black Adam” overestimates the character’s appeal. Times being what they are, playing an actual superhero represents an inevitable addition to Johnson’s action resume, and “Black Adam” (setting aside “DC’s League of Super-Pets”) checks off that box. “Black Adam” premieres October 21 in US theaters and is rated PG-13. DC and Warner Bros., which is distributing the movie, are units of Warner Bros.

☆ A 26-year market vet breaks down why investing legend Jeremy Grantham is correct to compare the current market to the 2000 and 2008 'superbubbles' — and warns stocks will fall another 20%
▼ + stars: | 2022-10-15 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

There's little reason for optimism in today's market, Lance Roberts laments. Just look at the barrage of headwinds facing stocks right now, the RIA Advisors CIO said in an October 10 commentary. At the start of this year, investing legend and founder of GMO Jeremy Grantham, said stocks were in their fourth superbubble in the last century given that market valuations had veered from historical norms so drastically. On Friday, Roberts told Insider that he agrees with Grantham's assessments, and that he sees the S&P 500 dropping to around 2,900. One of Wall Street's most bullish strategists this year, BMO's Brian Belski, cut his 2022 price target on the S&P 500 again on Friday to 4,200.

☆ NFL roundup: Cowboys win 4th straight, defeat defending Super Bowl champ Rams
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +10 min

Los Angeles quarterback Matthew Stafford was 28 of 42 for 308 yards with a touchdown and an interception. Register now for FREE unlimited access to Reuters.com RegisterBrett Maher made field goals of 33, 40 and 36 yards for the Cowboys. Allen's day included a 98-yard touchdown pass to Gabe Davis, which tied a franchise record for the longest completion. Patriots 29, Lions 0Bailey Zappe threw a touchdown pass in his first career NFL start and Kyle Dugger returned a fumble for a touchdown as New England cruised past Detroit at Foxborough, Mass. Saints 39, Seahawks 32Taysom Hill ran for 112 yards and three touchdowns, while also throwing a touchdown pass as host New Orleans defeated Seattle.

☆ I binge-listened to tech podcasts for a week, and what I learned about Silicon Valley is kind of scary
▼ + stars: | 2022-10-04 | by ( Adam Rogers | ) www.businessinsider.com time to read: +19 min

2: The hosts don't know what they don't knowThe problem is, VC podcasts don't stick to the core issues of venture capital. 3: The hosts want us to believe what they don't knowThere's a shocking amount of this kind of drivel on the tech podcasts. This is what a good tech podcast should do: Use access to the best and most successful investors and innovators to illuminate the way Silicon Valley works. But that's not what matters in the world of tech podcasts. But after 40 hours of listening to tech podcasts, I feel kind of bad about it.

☆ Wall Street titans to join Nov 2 summit in Hong Kong as COVID rules relaxed
▼ + stars: | 2022-09-29 | by ( Scott Murdoch | Donny Kwok | ) www.reuters.com time to read: +2 min

HONG KONG (Reuters) -The heads of some of the world’s top banks and asset managers will attend an investment summit in Hong Kong on Nov. 2, the city’s financial regulator said on Thursday, signalling a re-opening of the financial hub after strict pandemic-linked curbs. Goldman Sachs Group Inc CEO David Solomon, Citigroup Inc head Jane Fraser, Morgan Stanley boss James Gorman and BlackRock Inc President Rob Kapito will be among the speakers at the Global Financial Leaders’ Investment Summit, the Hong Kong Monetary Authority (HKMA) said. Hong Kong’s unrelenting COVID curbs have battered its economy and standing as a financial centre. Some banks had warned top bosses would not attend if any restrictions remained in place. HKMA Chief Executive Eddie Yue said on Thursday the final guidelines for those attending the summit were still being finalised.

☆ The era of Big Tech moonshots is over. Amazon, Google, Facebook, and Microsoft are pulling back on ambitious, risky long-term projects after many of them failed.
▼ + stars: | 2022-09-29 | by ( Hugh Langley | Eugene Kim | Kali Hays | ) www.businessinsider.com time to read: +13 min

Amazon, Google, Microsoft, and Facebook have scaled back their ambitious "moonshot" projects. Moonshots like Google X and Amazon Grand Challenge allowed tech firms to build innovative projects. Before Amazon, Parviz led a similar team at Google called Google X. Page and Brin championed X projects they loved, helping them gain funding and headcount within the unit. Parviz, who created the once-hyped-up Google Glass, left Google X in 2014 to start Amazon's Grand Challenge.

☆ From DeSantis to Trump, last week defined Republican Party in 2022
▼ + stars: | 2022-09-27 | by ( Kurt Bardella | Kurt Bardella Is An Adviser To The Democratic Congressional Campaign Committee | A Member Of The Korean Americans For Political Action Board Of Advisers. He Is A Former Spokesperson | ) www.nbcnews.com time to read: +6 min

Ron DeSantis, using human beings as political props for a craven publicity stunt designed to stoke right-wing outrage toward migrants. Then, the current Republican Party standard-bearer found himself in even more legal hot water after the New York attorney general's lawsuit alleging Trump and his eldest children committed fraud. During climate week, Democratic Govs. The GOP has had other bad weeks in the past — and so has the Democratic Party. I left the ranks of the Republican Party because I was worried it had fundamentally lost its way.

☆ NFL roundup: Packers top Bucs in possible final Rodgers-Brady matchup
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +10 min

Josh Allen completed 42 of 63 passes for 400 yards, two touchdowns and no interceptions for the Bills (2-1). Philadelphia quarterback Jalen Hurts threw for 340 yards and led a second-quarter surge with three touchdown passes. Colts 20, Chiefs 17Matt Ryan threw a 12-yard touchdown pass to Jelani Woods with 24 seconds left as Indianapolis stunned visiting Kansas City. Ryan passed for 222 yards, and both his touchdown passes were to the rookie Woods. Osborn on a 28-yard touchdown pass with 45 seconds left as Minnesota rallied past Detroit in Minneapolis.

☆ Fights over political lines have fueled the aging of America's government. But that may be changing.
▼ + stars: | 2022-09-25 | by ( Grace Panetta | Walt Hickey | ) www.businessinsider.com time to read: +15 min

Redistricting and fights over political lines have fueled the aging of America's government. Republican Rep. Adam Kinzinger of Illinois outside a January 6 committee hearing on June 13, 2022. Partisan gerrymandering, the redrawing of political district lines to favor one political party over the other, has gotten increasingly tactical. In all, 14 House incumbents lost renomination in 2022, the highest number in a single cycle since 1992. If you're a Democrat in a Republican district, your days are probably numbered."

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