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☆ Tuesday, Nov. 22, 2022: Cramer looks at these stocks for potential buys
▼ + stars: | 2022-11-22 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday, Nov. 22, 2022: Cramer looks at these stocks for potential buysJim Cramer and Jeff Marks give their macro outlook on the 1-year anniversary of the Nasdaq 100 hitting its peak, before handing market leadership to industrial stocks this year. Jim also shares a handful of stocks he is looking to potentially add more of in the portfolio as commodity prices tick down, including one he says you should own right now.

☆ Disney’s tale of two Bobs
▼ + stars: | 2022-11-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

This was a big surprise Sunday night, for a few reasons:1) Iger has previously dismissed the idea of going back to Disney. Then, he kept going: Iger’s Disney acquired Lucasfilm, home of the Star Wars franchise, for a little over $4 billion. Disney shares surged 9% Monday morning, reflecting investors’ hopes that Iger will swoop in and work his magic. The Trump news was no surprise — even before buying Twitter, Musk made clear he would reinstate Trump and rethink the site’s content-moderation policies. And if Musk’s strategy is to stoke controversy, he’s already brought out the big guns in letting Trump back on.

☆ Chimpanzees could share another behavior trait with humans
▼ + stars: | 2022-11-18 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

The closest cousin of humans, this species of great ape has effective ways of communicating what it needs. Show-and-tellFiona had been engaged in what researchers call “leaf grooming,” a common behavior in which a chimpanzee will stroke and manipulate a leaf. Slocombe and her team always maintain a 23-foot (7-meter) distance when observing the chimpanzees in the wild, so as to not disturb them. This standard practice rules out the possibility that the behavior was learned from humans. She hopes it will encourage those who work with chimpanzees, in the wild or in captivity, to look out for more examples.

☆ Twitter's blue tick helps media trustworthiness, EU's Vestager says
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: 1 min

Bankrupt FTX's new CEO outlines fund abuses, untrustworthy records, article with videoTechnology category · November 18, 2022 · 2:04 AM UTCThe executive hired to steer FTX Group through bankruptcy offered his first findings of improper fund transfers and poor accounting at the collapsed crypto exchange, describing it as a "complete failure" of controls.

☆ Homebuyers just got their biggest weekly mortgage-rate drop in 40 years
▼ + stars: | 2022-11-18 | by ( James Rodriguez | ) www.businessinsider.com time to read: +4 min

The average rate for a 30-year mortgage just saw its biggest weekly drop in more than 40 years. The average rate for a 30-year mortgage just saw its biggest weekly drop in more than 40 years, according to Freddie Mac. A better-than-expected inflation report last week led to the biggest single-day mortgage-rate drop on record, according to Redfin. If interest-rate volatility declines, mortgage rates could keep falling as well, narrowing the distance from the 10-year Treasury yield. If that spread reverts to the historical average, that would put the 30-year mortgage rate at about 4.5%.

☆ Luka Doncic: NBA superstar prefers chess to Twitter
▼ + stars: | 2022-11-17 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

“I just play chess on my phone,” said the Dallas Mavericks star. After his game-winning performance against the Boston Celtics in February 2021, Doncic was asked how he chooses how to dissect a defense. “It’s like playing chess: you’ve got to take your time and see the moves,” he told TNT after his 31-point performance. A quick scroll through Doncic’s blue tick verified Twitter account sees him celebrating the first basketball court built in Europe by an NBA team – his Mavericks team built a court in his homeland of Slovenia. The 26-year-old looks to be devoted sneakerhead, as he thanks on Twitter many of the shoemakers and sponsors he’s had in recent weeks.

☆ Futures tick higher as investors await retail sales data, earnings
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

Wall Street ended Tuesday higher despite geopolitical worries, after slower U.S. producer price growth data added to improved inflation outlook for the world's largest economy. Investors awaited key retail sales figures due at 8:30 am ET on Wednesday for further cues on the strength of the U.S. economy. Retailer Walmart Inc (WMT.N) jumped 6.5% in the previous session on lifting its annual sales and profit forecasts, helped by steady demand for groceries despite higher prices. ET, Dow e-minis were up 65 points, or 0.19%, S&P 500 e-minis were up 8 points, or 0.2%, and Nasdaq 100 e-minis were up 20.25 points, or 0.17%. Other megacap growth and technology companies such as Amazon.com (AMZN.O) gained 0.3%, while Apple (AAPL.O) and Alphabet (GOOGL.O) were subdued.

In fact, Covid-related deaths and hospitalizations have fallen in recent months, despite the emergence of new omicron subvariants that evade immunity from previous infections and vaccination. Full coverage of the Covid-19 pandemicAccording to NBC News data, Covid deaths have fallen consistently since Aug. 31, when the seven-day average of daily Covid deaths was at 571. The average number of Covid hospitalizations per day has decreased by 27.9% since Aug. 28, according to NBC News data. While Covid-related hospitalizations are not currently increasing, Gupta warns that they could during the winter as immunity, especially from previous infection, diminishes. Now, he said, "Covid deaths don't all look the same."

☆ Fed's Bostic says tighter monetary policy hasn't dented inflation yet
▼ + stars: | 2022-11-15 | by ( Ann Saphir | ) www.reuters.com time to read: +1 min

Nov 15 (Reuters) - Atlanta Federal Reserve President Raphael Bostic said on Tuesday he sees little evidence that the U.S. central bank's aggressive monetary policy tightening is slowing inflation, and borrowing costs will have to rise further for that to happen. "Tighter money has not yet constrained business activity enough to seriously dent inflation," Bostic said in an essay to be posted on the Atlanta Fed's website. "I anticipate that more rate hikes will be needed" to get policy sufficiently restrictive to return inflation to the Fed's 2% target, he said. "Right now, job number one for the FOMC is to tame inflation that is unacceptably high," Bostic said, referring to the U.S. central bank's policy-setting Federal Open Market Committee. The Fed's preferred measure of inflation is running at more than three times its 2% target.

☆ Buynomics uses behavioral economics to help predict customer behavior. Here's the 14-slide deck it used to raise $13 million led by Twitter-backers Insight Partners.
▼ + stars: | 2022-11-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Cologne-based Buynomics has raised $13 million from Insight Partners. The startup collects customer transaction data and market insights to help inform companies' commercial decisions. Check out the 14-slide deck used to raise the fresh funds. "Our model builds on an insight that people as groups are very predictable," said cofounder Sebastian Baeir. With the fresh funds, Buynomics will focus on developing its user interface and plan its expansion into the US.

☆ Citadel boss Ken Griffin likens Fed rate hike policy to taking a course of antibiotics, says taking the foot off the brake now would be a 'mistake'
▼ + stars: | 2022-11-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

The Fed needs to stay on the course with its monetary policy, Citadel founder and CEO Ken Griffin said. Griffin said the Fed should not veer from its path of rate hikes until inflation is conquered. Lower-than-expected inflation in October prompted some experts to nudge the Fed into slowing its rate hikes. Doing so would be "the absolute worst mistake the Fed could possibly make" and could cost the Fed its credibility, Griffin added. His comments followed a lower-than-expected inflation rate of 7.7% in October, according to the Bureau of Labor Statistics.

☆ Musician says he set up a fake Tesla account on Twitter to show how 'thin-skinned' Elon Musk was
▼ + stars: | 2022-11-14 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

A musician says he set up a fake Tesla account to show Elon Musk was "thin-skinned." Connor Musarra told Newsweek he created a parody verified Tesla account to highlight the issues with some of Musk's decisions for Twitter. The LA-based musician told the outlet: "The goal of my fake Tesla account was to highlight how much of a thin-skinned, incompetent buffoon Elon is, but also I just wanted to make people laugh." Musarra told Newsweek that Musk had "introduced a new level of unmanageable insanity" with his new paid verification system. Musarra said in a TikTok that his parody Tesla account was active for six or seven hours.

☆ Premarket stocks: Crypto is in crisis. It's not just because of FTX
▼ + stars: | 2022-11-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN Business —The stunning downfall of FTX, one of the largest cryptocurrency exchanges, sent shockwaves through the crypto universe last week. Sam Bankman-Fried, the 30-year-old crypto titan and chief executive of FTX, watched billions of his fortune evaporate in a bankruptcy filing that shook the trillion-dollar industry to its core. Those efforts mean capital is drying up – and that’s not just bad for crypto but other asset classes including stocks, too. Cryptocurrencies enjoyed huge injections of money during the pandemic era thanks to the Federal Reserve’s easy money policy. “In all, the slowdown in global money growth looks set to continue over the coming year, with some contraction looking likely in the US,” wrote JPMorgan strategist Nikolaos Panigirtzoglou in a note.

☆ Fact Check-Imposter Twitter account mimicking Arizona’s Kari Lake posts fabricated election concession statement
▼ + stars: | 2022-11-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A Twitter account impersonating Kari Lake, Republican Arizona gubernatorial candidate, tweeted a fabricated statement on Nov. 11 in which she concedes defeat in the election to be governor. The verified account (@KariIakeAZ) tweeted a post on Nov. 11 that reads: “It is with heavy heart that I must concede to my opponent, @katiehobbs. We didn’t get the outcome we wanted but I promise we’ll be back even stronger in next year’s gubernatorial election” (here), archived (archive.ph/wip/7j6rT). On Nov. 11, Lake told Fox News that she had “100% confidence” that she would win the governorship race against her Democrat opponent, Katie Hobbs (here). An imposter profile mimicking Arizona gubernatorial candidate Kari Lake was created on Nov. 11 and tweeted a fabricated concession statement.

☆ 'Avatar' director James Cameron once threw out a 130-page script for a sequel: 'It was missing one of those critical elements'
▼ + stars: | 2022-11-11 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

We kept trying to corral it into a box and it never quite fit," Cameron said in the December issue. Indeed, the 68-year-old revealed in a recent interview with Total Film magazine that he scrapped a full script for an early version of 'Avatar 2'. Thirteen years after the original "Avatar" burst into theaters and became the highest-grossing film ever made, James Cameron is finally delivering the first of four planned sequels next month. Cameron said that the script "was missing one of those critical elements about sequels, which is that it didn't go enough into the unexpected." Cameron also felt that the script didn't connect to the "spiritual component" of the world of "Avatar".

☆ Stephen King slams Elon Musk again, saying he preferred Twitter before the billionaire took over: 'Less controversy, more fun.'
▼ + stars: | 2022-11-11 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Stephen King has continued his feud with Elon Musk, saying he preferred Twitter in "pre-Musk days." King said the platform was "more fun" and had "less controversy" before the takeover. The novelist has been sparring with Musk on social media over some of his changes to the platform. The novelist and billionaire have been sparring on social media since Musk's Twitter takeover. King also took to the platform to compare Musk with a fictional character who cons his friends.

☆ Americans are feeling worse about the US economy
▼ + stars: | 2022-11-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Minneapolis CNN Business —Consumers were feeling slightly worse about the US economy in November, amid punishing rate hikes and decades-high inflation, according to a closely followed University of Michigan survey released Friday. The preliminary index reading from the monthly Surveys of Consumers showed sentiment fell to 54.7, from 59.9 in October. The survey showed that sentiment slumped both for current economic conditions as well as for those in the near future. The survey also showed that consumers’ inflation expectations for this year and five years out remained relatively unchanged. Final sentiment data for this month will be released Nov. 23.

☆ Elon Musk told Twitter staff to expect 80-hour work weeks and fewer office perks, report says
▼ + stars: | 2022-11-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk told Twitter staff that they should expect to work 80-hour weeks, per Bloomberg. Musk previously got rid of remote working, telling workers 40 hours in the office was a minimum. While working on the controversial new $8 verification feature, some Twitter managers told staff to work 84-hour weeks – or 12-hour shifts, seven days a week, CNBC reported. Musk himself is now laying down these demanding expectations, and also added that there will be fewer office perks like free food. Per The Verge's transcript of Musk's Q&A and with employees, Musk told staff to work with "a maniacal sense of urgency."

☆ Twitter verification trolls targeted the pharmaceutical firm Eli Lilly, falsely announcing that 'insulin is free' before claiming it would cost $400-per-vial
▼ + stars: | 2022-11-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Two Twitter accounts pretended to be insulin-producing pharma firm Eli Lilly and Company. Another account mimicked the real Eli Lilly's apology, then claimed insulin prices would rise. Both accounts pretended to be Eli Lilly and Company, who introduced the world's first commercially available insulin product – a necessity for people with diabetes. TwitterThe real company then apologized for the "misleading message from a fake Lilly account" and added that users should only trust the "LillyPad" account. Eli Lilly told Insider it was "in conversations with Twitter

TORONTO, Nov 11 (Reuters Breakingviews) - Some members of the shared economy are seeing a resurgence in the side hustle as inflation bites. People are becoming more interested in driving for Uber Technologies (UBER.N) and listing their abodes on Airbnb (ABNB.O) in order to make an extra buck. U.S. President Joe Biden last month proposed a new gig worker rule that could fundamentally change how companies classify their workers. But the shared economy seems to be holding up fine, even if the economy isn’t. Uber Technologies on Nov. 1 said revenue grew 72% year-on-year to $8.3 billion in the third quarter.

☆ Elon Musk calls Twitter's 'official' labels an 'aesthetic nightmare' and says they create a two-class system
▼ + stars: | 2022-11-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Elon Musk has called Twitter's gray "official" labels an "aesthetic nightmare." The labels were rolled out on Wednesday to some public figures and news organizations. In a confusing rollout, the "official" labels appeared on the Twitter accounts of some public figures and news organizations. Later in the day, he called them an "aesthetic nightmare" during a Twitter Space conversation. During Wednesday's Twitter Space, Musk said: "Apart from being an aesthetic nightmare when looking at the Twitter feed, is that it was simply another way of creating a two-class system."

☆ Cryptocurrencies climb as market sell-off pauses, bitcoin rises back above $17,000
▼ + stars: | 2022-11-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies climbed Thursday as the market took a pause from its two-day sell-off and investors digest key inflation data and the ongoing FTX saga. Bitcoin rose 5% to $17,351.10, while ether advanced 9% to $1,281.04, according to Coin Metrics. Cryptocurrencies jumped right around the time CPI data was released, showing a smaller-than-expected rise and giving investors hope that price pressures may be cooling. Stocks also rallied following the CPI data. "Right now, it's hard to digest from a price standpoint because crypto doesn't have a fundamental center of gravity.

☆ Trolls are already abusing Elon Musk's new Twitter verification system, impersonating everyone from George Bush to O.J. Simpson
▼ + stars: | 2022-11-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Twitter's new verification system is already being abused by trolls impersonating public figures. Neither Bush nor Blair have personal Twitter accounts, but are verified through their foundations. Other examples of fake but verified accounts causing trouble soon after the new verification system came in included a user pretending to be O.J. "I'm ngl I did that shit," the verified account "ThaReal0J32" tweeted, attracting over 55,000 likes before it was deleted. The fake Bush account also responded to tweets about fake verified accounts saying: "Jed [Bush's younger brother] is smarter than Elon."

☆ Market sees divided government after the election as a positive, and a thin GOP majority is good enough
▼ + stars: | 2022-11-09 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

That would be viewed as a positive by markets, which generally view gridlock in Washington as a good thing and clearly prefer divided government to the current Democrat-controlled Congress. Therefore, there is no declaration yet of victory for either party in the House or Senate. "We think Republicans will have the [House] majority, but it's going to be a very narrow majority," said Ed Mills, Washington policy analyst at Raymond James. "The more you can keep the fight between the House and Senate, that slightly reduces some of the brinksmanship out there." "Sector-focused policy changes would be even more limited under a divided Congress than under Republican control," the Goldman analysts note.

☆ Twitter battles wave of impersonators after launching new paid verification system
▼ + stars: | 2022-11-09 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

CNN Business —Twitter appears to be battling a wave of celebrity and corporate impersonators on its platform who have quickly gamed the company’s new paid verification system, hours after its launch. CNN has confirmed multiple verified Twitter accounts have been suspended by the platform after other users posted screenshots showing misleading content from the accounts. The fake verified accounts had posed as former President Donald Trump, Rudy Giuliani, Nintendo of America, the basketball player LeBron James, the software company Valve and others. Before being suspended, the impostor Nintendo account tweeted an image of the video game character Mario giving the viewer the middle finger. In an interview with CNN, Whelan said he managed to impersonate Trump by repurposing an old, spare account.

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