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☆ Stocks jump, dollar and yields fall after US jobs market softens
▼ + stars: | 2023-11-03 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

[1/2] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The job growth slowdown underscored views that the Federal Reserve may be done hiking interest rates. The data also showed the increase in annual wages was the smallest in nearly 2-1/2 years, pointing to an easing in labor market conditions. The pan-European STOXX 600 index (.STOXX) rose 0.17% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 1.44%. The U.S. dollar index dropped to a six-week low after the jobs data.

Persons: Brendan McDermid, Detroit's, Brad McMillan, Jerome Powell, Caroline Valetkevitch, Harry Robertson, Chibuike Oguh, Jacqueline Wong, Miral Fahmy, Alison Williams, Mark Heinrich, Rod Nickel Organizations: New York Stock Exchange, REUTERS, U.S, Treasury, Federal, United Auto Workers, Commonwealth Financial Network, Bank of England, U.S . Treasury, Dow Jones, Nasdaq, Apple, Brent, Thomson Locations: New York City, U.S, Waltham , Massachusetts, Central, New York, London

☆ Opinion | An Anti-Obesity Drug and Cultural Stigmas
▼ + stars: | 2023-10-29 | by ( ) www.nytimes.com time to read: 1 min

To the Editor:Re “Ozempic Can’t Fix What Our Culture Has Broken,” by Tressie McMillan Cottom (column, Oct. 15):By “broken” in the headline, the column implies that we still perpetuate a cultural bias against obese people. But for most, physical activity and healthy eating are still nature’s best prevention and remedy. Unlike Ozempic, they’re not a sexy quick fix. Maybe healthy eating and activity are just too simple. But viewing ourselves first as victims of unfair systems is also not the answer.

Persons: Tressie McMillan, they’re

☆ Cryptoverse: Winter is coming as ether funds flounder in fall
▼ + stars: | 2023-10-17 | by ( Lisa Pauline Mattackal | ) www.reuters.com time to read: +4 min

"The timing of the futures ETFs could hardly be worse," said Vetle Lunde, senior analyst at K33 Research. Trading volumes for the ether futures ETFs remained below $2 million on their first day, according to K33 Research. Trading volumes of six exchange-traded funds tracking ether made a subdued start after launching on Oct. 2BACK TO BITCOIN? The newly launched ETFs tracking solely ether futures on the Chicago Mercantile Exchange, from ProShares (EETH.P), VanEck and Bitwise (AETH.P), have all dipped over 6% since launch. ProShares and Bitwise also launched funds tracking a mixture of bitcoin and ether futures, while Valkyrie Funds converted its pure-play bitcoin ETF into one with exposure to both bitcoin and ether (BTF.O).

Persons: Bitcoin, Dado, Vetle Lunde, murkier, Lunde, Ben McMillan, McMillan, Bitwise, IDX, Lisa Pauline Mattackal, Sumanta Sen, Tom Wilson, Pravin Organizations: REUTERS, K33 Research, IDX, Federal, Chicago Mercantile Exchange, Thomson, Reuters Locations: Ukraine, ProShares, Bengaluru

☆ Forget Gen Zers and Taylor Swift concerts. It's boomers who are flashing their dollars.
▼ + stars: | 2023-10-10 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

The hope of avoiding a recession in the US heated up this year despite interest rates skyrocketing over the past 18 months. They also have more of a buffer than from the economic impact of inflation and higher interest rates than younger generations. AdvertisementAdvertisementWhile high interest rates and soaring prices for homes in recent years are terrible for young buyers, they are increasing the wealth of older Americans. Lance McMillan/Toronto Star via Getty ImagesMeanwhile, higher rates are helping older Americans grow their wealth in other ways. So older Americans who, in the past, would have been forced to sacrifice higher returns for safer investments can now get both.

Persons: boomers, —, Taylor Swift, Tim Robberts, Ed Yardeni, Yardeni, they'll, they've, Lance McMillan, Neil Howe, demographer, Howe Organizations: Boomers, Service, Census Bureau, Labor, Images, Yardeni Research, New, Toronto Star, Getty, Treasury Locations: New York

When OpenAI unleashed its humanlike ChatGPT software on the world last year, one thing was clear: These AI systems are coming for our jobs. But don’t write off the humans just yet. More than a century ago, the advent of the automobile was bad news for stable hands, but good for mechanics. And AI is already creating new opportunities. Here are a few of them.

Persons: OpenAI, don’t

☆ Stocks making the biggest moves midday: Sunnova Energy, Cal-Maine Foods, Marathon Petroleum and more
▼ + stars: | 2023-10-04 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines in midday trading. Carnival — Cruise line stocks rose as a group during midday trading. Sunnova Energy , Sunrun — Sunnova Energy added 2.2%, while Sunrun declined 1.1% after Truist downgraded the solar stocks to hold from buy ratings, citing near-term concerns from elevated interest rates. Cal-Maine Foods — Shares slipped 7.3% after the egg producer provided a weak earnings report, citing a dynamic market environment. Energy stocks — Energy stocks fell as a group during midday trading Wednesday as oil prices slid more than $3 a barrel.

Persons: Truist, Insulet, Wayde McMillan, Phillips, —, Alex Harring, Samantha Subin Organizations: Fluor Corporation, UBS, Cruise, Royal Caribbean, Sunnova Energy, Energy, Cal, Maine, FactSet, Intel, — Energy, Marathon Petroleum Locations: Fluor, Insulet

☆ Insulet CFO to step down, join 3M's healthcare business
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

The company has been contracted by the U.S. government to produce extra masks in response to the country's novel coronavirus outbreak. REUTERS/Nicholas Pfosi/File Photo Acquire Licensing RightsCompanies Insulet Corp Follow3M Co FollowOct 3 (Reuters) - Insulet Corp (PODD.O) said on Tuesday Wayde McMillan would step down as the medical device maker's chief financial officer, effective Oct. 20, to join 3M's (MMM.N) healthcare business. McMillan will join 3M as the financial chief of its unit, which the U.S. industrial conglomerate plans to spin off into a listed company. Insulet on Tuesday also reaffirmed its annual forecast for sales of its insulin pumps and total revenue. Insulet's accounting chief, Lauren Budden, will assume the additional responsibilities of interim CFO until a permanent successor is appointed, the medical device maker said.

Persons: Nicholas Pfosi, Wayde McMillan, McMillan, Insulet, Lauren Budden, Sriparna Roy, Shilpi Majumdar, Maju Samuel Organizations: U.S, REUTERS, Insulet, 3M, Thomson Locations: Maplewood , Minnesota, U.S, Bengaluru

☆ A stock trader who consistently beats the S&P 500 and returned 52% in his best year shares 4 of his favorite investing books
▼ + stars: | 2023-10-01 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +3 min

Erik Smolinski had been self-educating on finance since high school, when one of his teachers recommended he look into investing. He went to the school library, picked up a couple of books, and started learning about basic investing concepts. He's read a handful of investing books and shared four of his top picks with Insider. He's a "big fan" of the author, Lawrence McMillan, who has years of experience trading options. Smolinski also likes anything by the author Euan Sinclair, who has decades of professional options trading experience and a PhD in theoretical physics.

Persons: Erik Smolinski, Smolinski, He's, Lawrence McMillan, Richer, William Green, Charlie Munger, Jack Bogle, Jack Schwager, Stan Weinstein, it's, Euan Sinclair, Warren Buffett's, Warren Buffett, There's Organizations: William Green Financial, Top Locations: Bull

☆ Opinion | A Skeptical Look at ‘Self-Care’
▼ + stars: | 2023-09-19 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

Love it or hate it, self-care has transformed from a radical feminist concept into a multibillion-dollar industry. In 2021, 34 percent of women reported feeling burned out at work, along with 26 percent of men. In her book “Real Self-Care: A Transformative Program for Redefining Wellness (Crystals, Cleanses, and Bubble Baths Not Included),” she encourages people to look beyond superficial fixes — the latest juice cleanses, yoga workshops, luxury bamboo sheets — to feel better. Instead, she argues that real self-care requires embracing internal work, which she outlines as four practices: setting boundaries, practicing self-compassion, aligning your values and exercising power. Lakshmin argues that when you practice real self-care, you not only take care of yourself, but you can also plant the seeds for change in your community.

Persons: Pooja Lakshmin, Lakshmin, “, Ezra Klein, Tressie McMillan Cottom Organizations: Apple, Spotify, Amazon Music, Google

☆ Morgan Stanley kicks off generative AI era on Wall Street with assistant for financial advisors
▼ + stars: | 2023-09-18 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Morgan Stanley has officially kicked off the generative AI era on Wall Street. "Financial advisors will always be the center of Morgan Stanley wealth management's universe," Morgan Stanley co-President Andy Saperstein said in the memo. Competitors including Goldman Sachs and JPMorgan Chase have announced projects based on generative AI technology. But Morgan Stanley is the first major Wall Street firm to put a bespoke solution based on GPT-4 in employees' hands, according to Jeff McMillan, head of analytics, data and innovation at Morgan Stanley wealth management. Called the AI @ Morgan Stanley Assistant, the tool gives financial advisors speedy access to the bank's "intellectual capital," a database of about 100,000 research reports and documents, McMillan said in a recent interview.

Persons: Morgan Stanley, Andy Saperstein, Goldman Sachs, JPMorgan Chase, Jeff McMillan, McMillan Organizations: CNBC, JPMorgan, Morgan

☆ Caesars Paid Ransom After Suffering Cyberattack
▼ + stars: | 2023-09-13 | by ( Katherine Sayre | Robert Mcmillan | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/hospitality/caesars-paid-ransom-after-suffering-cyberattack-7792c7f0

Persons: Dow Jones

☆ Opinion | America’s Top Librarian on the Rise of Book Bans
▼ + stars: | 2023-09-12 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

Public libraries around the country have become major battlegrounds for today’s culture wars. In 2022, the American Library Association noted a record 1,269 attempts at censorship — almost double the number recorded in 2021. Emily Drabinski is the president of the American Library Association and an associate professor at the Queens College Graduate School of Library and Information Studies. This conversation unpacks the political and cultural anxieties fueling the attacks on libraries. Postal Service, how censorship attempts fit in the broader landscape of anti-queer and anti-trans legislation and much more.

Persons: Emily Drabinski, “, Ezra Klein, Tressie McMillan Cottom Organizations: American Library Association, Queens College Graduate School of Library, Information, Apple, Spotify, Amazon Music, Google, U.S . Postal Service

☆ CNBC Daily Open: Employers are holding on to workers — and it’s costing them
▼ + stars: | 2023-09-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

CFOTO | Future Publishing | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Initial jobless claims fell last week to a seasonally adjusted 216,000, according to a report by the U.S. Labor Department. In other words, the labor market still looks tight because employers are laying off fewer people and paying them more. There's now a 39.9% chance rates will go up 25 basis points then, according to the CME FedWatch tool.

Persons: There's, Brad McMillan, McMillan, Jeff Cox Organizations: AMD, Apple, CNBC, U.S . Labor Department, Federal, Nvidia, Devices, Seagate, Nasdaq, Dow Jones Industrial, Intel's, Commonwealth Financial Locations: Shanghai, China, U.S

☆ China’s Microsoft Email Cloud Hack Began With a 2021 Computer Crash
▼ + stars: | 2023-09-07 | by ( Robert Mcmillan | Dustin Volz | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/chinas-microsoft-email-cloud-hack-began-with-a-2021-computer-crash-7ef323de

Persons: Dow Jones Organizations: microsoft

☆ Stock futures are little changed as traders weigh risk of rate hikes: Live updates
▼ + stars: | 2023-09-07 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Stock futures were little changed Thursday evening. Dow Jones Industrial Average futures added 23 points, or 0.07%. Futures tied to the S&P 500 and Nasdaq 100 futures hovered near the flat line. The S&P 500 lost 0.3%, falling a third day. Renewed fears over more rate hikes from the Federal Reserve were further justified as initial jobless claims came in at 216,000 — lower than the 230,000 anticipated by economists polled by Dow Jones.

Persons: RH, Dow, Dow Jones, Brad McMillan Organizations: Dow Jones Industrial, Nasdaq, Federal Reserve, Investors, Fed, Commonwealth Financial Network, Dow

☆ What Bama Rush Reveals About the South - The New York Times
▼ + stars: | 2023-08-22 | by ( Tressie Mcmillan Cottom | ) www.nytimes.com time to read: +2 min

Sorority rush is a tradition at many colleges. But in the South, rush inspires the same passionate zeal as collegiate football. Thanks to TikTok, the University of Alabama’s incarnation of that tradition — peak neo-antebellum white Southern culture on display — is now a global phenomenon. Since it entered the zeitgeist in 2021, millions of people have followed Bama Rush, as if they’re royal watching through Mason-jar-tinted glasses. When a small phalanx of white coeds in Tuscaloosa self-organizes under the Bama Rush banner to promote their sorority, they are battling for ritual supremacy.

Persons: Bama Rush, ’ Organizations: University of Alabama’s, Bama Locations: Mason, Tuscaloosa

☆ At This Show, AI Hackers Are Welcomed
▼ + stars: | 2023-08-12 | by ( Robert Mcmillan | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/at-this-show-ai-hackers-are-welcomed-46df7860

Persons: Dow Jones, 46df7860

☆ Russia Launches First Moon Mission in 50 Years to Lunar South Pole
▼ + stars: | 2023-08-11 | by ( ) www.wsj.com time to read: 1 min

AI Makes Hacking Easier, Even for Non-HackersGenerative artificial intelligence tools, like ChatGPT, are opening up new avenues for cybercriminals, even ones without traditional hacking skills. WSJ reporter Robert McMillan joins host Zoe Thomas from Las Vegas, where those new techniques are on display. Plus, why more people are using celebrities to deliver bad news. Photo Illustration By Emil Lendof

Persons: Robert McMillan, Zoe Thomas, Emil Lendof Locations: Las Vegas

☆ Judge Revokes Bail, Sends FTX’S Sam Bankman-Fried to Jail
▼ + stars: | 2023-08-11 | by ( ) www.wsj.com time to read: 1 min

Persons: Robert McMillan, Zoe Thomas, Emil Lendof Locations: Las Vegas

☆ Attorney General Appoints Special Counsel for Hunter Biden Probe
▼ + stars: | 2023-08-11 | by ( ) www.wsj.com time to read: 1 min

Persons: Robert McMillan, Zoe Thomas, Emil Lendof Locations: Las Vegas

☆ With AI, Hackers Can Simply Talk Computers Into Misbehaving
▼ + stars: | 2023-08-10 | by ( Robert Mcmillan | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/with-ai-hackers-can-simply-talk-computers-into-misbehaving-ad488686

Persons: Dow Jones

☆ What Aya de León Looks For in a Good Thriller
▼ + stars: | 2023-08-10 | by ( ) www.nytimes.com time to read: +2 min

“The God of Good Looks,” by Breanne Mc Ivor. I really wish more authors would write popular fiction about the climate crisis, set in the here and now. Most of what gets called “climate fiction” falls into the category of science fiction/fantasy. Where are the popular books to accompany the building of a popular movement? In my early 20s, a dusty used paperback changed the way I saw spy fiction.

Persons: Christina Sharpe’s, ” Tressie McMillan, ” Elizabeth Acevedo’s, ” Dany Sigwalt’s “, Aurélia Durand, ”, Breanne Mc Ivor, I’ve, Reading ”, Sam Greenlee Organizations: Reading

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Maxine Waters 'deeply concerned' over PayPal's new stablecoin: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Ben McMillan, founder and CIO of IDX Digital Assets, discusses what's currently driving crypto prices as PayPal launches its new dollar-backed stablecoin and as big names in finance file applications for spot bitcoin ETFs.

Persons: Maxine Waters, explainers, Ben McMillan, what's Organizations: Rep, CNBC Crypto, CNBC, IDX, Assets, PayPal

☆ Inflation Rises 3.2% in July as Underlying Price Pressures Remain Modest
▼ + stars: | 2023-08-10 | by ( ) www.wsj.com time to read: 1 min

Persons: Robert McMillan, Zoe Thomas, Emil Lendof Locations: Las Vegas

☆ IDX Digital Assets' Ben McMillan reveals 'ground zero' for crypto regulation
▼ + stars: | 2023-08-10 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIDX Digital Assets' Ben McMillan reveals 'ground zero' for crypto regulationIn a wide-ranging interview with CNBC Crypto World, Ben McMillan, founder and CIO of IDX Digital Assets, discusses what's currently driving crypto prices as PayPal launches its new dollar-backed stablecoin and as big names in finance file applications for spot bitcoin ETFs.

Persons: Ben McMillan, what's Organizations: CNBC, IDX, Assets, PayPal

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