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☆ To fix Britain, Labour will need new debt rules
▼ + stars: | 2023-09-29 | by ( Francesco Guerrera | ) www.reuters.com time to read: +7 min

Having fiscal rules – and sticking to them – is crucial for governments. The Bank of England expects anaemic GDP growth of 0.5% next year and 0.25% in 2025, and long-term growth of just 1%. Reuters Graphics Reuters GraphicsThe Labour leadership is concerned that rewriting debt rules would unsettle bond investors still scarred by Truss’s fiscal follies. What Britain’s next government shouldn’t do is obsess about restrictive fiscal rules at the expense of investments that could get the country out of its current hole. The reports said that Sunak was looking at scrapping the portion of the project linking the northern cities of Manchester and Birmingham because costs have been soaring from the original 55.7 billion pounds to an estimated 106 billion pounds.

Persons: Grant Shapps, Liz Truss, Rishi Sunak, Jeremy Hunt, Hunt, Keir Starmer, Worth ”, Ian Ball, Willem Buiter, John Crompton, Dag Detter, Jacob Soll, Crompton, Breakingviews, PSNW, –, Rachel Reeves, Labour’s, “, Reeves, Britain’s, Sunak, George Hay, Oliver Taslic Organizations: Reuters, Sunday, Sky News, Labour, Conservative, Bank of England, Sunak’s, Worth, Reuters Graphics Reuters, Britain’s, Thomson Locations: Britain, New Zealand, Zealand, Manchester, Birmingham

☆ Hard-Core Sleepers Obsess Over Their Snoozing Stats
▼ + stars: | 2023-09-20 | by ( Alexander Saeedy | ) 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/health/wellness/sleeper-performance-people-obsess-over-their-stats-biometrics-6a6feff

Persons: Dow Jones

☆ Here's what investors selling Oracle on the company's mixed quarter and lower guide are missing
▼ + stars: | 2023-09-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

This momentum is turning into bookings, and that gives me the confidence that our annual revenue growth will continue to accelerate moving forward." These bullish comments — taken together — made the softer fiscal second quarter guide all the more puzzling. But for now, we're chalking up the revenue growth softness to some lumpiness around one quarter to the next. Guidance Oracle's weaker-than-expected fiscal 2024 second quarter guide caused shares to drop a second leg lower after the closing bell Monday. Within that figure, Oracle expects cloud revenue to increase 29% to 31%, which at the midpoint is about stable from the first quarter.

Persons: it's, Oracle, Larry Ellison, Safra Catz, —, we're, we'll, Cerner, Ellison, Katz, Catz, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Oracle, LSEG, Wall, Autonomous Database, Oracle Cloud Infrastructure, Infrastructure, Software, Microsoft, Web Services, Google, Johnson Controls, MGM Resorts, CNBC Locations: Cerner, Redwood Shores , California

☆ Sporting Gijón coach apologizes for comparing scoring goals to talking to ‘girls in the disco’
▼ + stars: | 2023-08-21 | by ( Matias Grez | ) edition.cnn.com time to read: +1 min

CNN —The head coach of Spanish second division soccer team Sporting Gijón has apologized for remarks he made which likened talking to women in discos to scoring goals. “In the end, a goal is like girls in the disco,” said Miguel Ángel Ramírez at one point during his post-match press conference following his side’s 3-0 win over Mirandés on Sunday. I apologize for [my comments].”CNN Sport has reached out to Sporting Gijón for comment. Prior to his apology, Ramírez had received criticism for his comments, including from the mayor of the city of Gijón. “Conversations like this, really unfortunately, show the importance of continuing to work for a more egalitarian society,” Carmen Moriyón wrote on X.

Persons: Sporting Gijón, ”, Miguel Ángel Ramírez, ’, you’re, Ramírez, Ramírez’s, ” Carmen Moriyón Organizations: CNN, Sporting, “, CNN Sport, Sporting Gijón, Spain, England, Verdes Locations: Spanish, Sunday’s, Gijón

Ex-Trump chief of staff Mark Meadows and former Acting U.S. Attorney General Matthew Whitaker are board members. The complaints come as many experts expect an uptick in challenges to corporate diversity programs following a U.S. Supreme Court ruling in June that prohibited race-conscious college admissions policies. “There certainly is a deep psychological effect that is putting the brakes on the forward movement of diversity in the workplace,” Rossein said. America First has also filed lawsuits accusing Target Corp and Progressive Insurance of breaching their duties to shareholders by adopting diversity programs and progressive marketing campaigns, for instance celebrating LGBTQ Pride Month. Commissioner Andrea Lucas, a Trump appointee, filed a dozen charges last year, more than any of her colleagues.

Persons: Trump, Stephen Miller, Donald Trump's Mar, Jonathan Ernst, Activision's, Kellogg, Morgan Stanley, Donald Trump, Mark Meadows, Matthew Whitaker, Rick Rossein, ” Rossein, Hershey, Andrea Lucas, Lucas, Gene Hamilton, Daniel Wiessner, Alexia Garamfalvi, Daniel Wallis Organizations: REUTERS, Activision Blizzard Inc, Kellogg, U.S, Opportunity Commission, America, Starbucks Corp, McDonald's Corp, Anheuser, Busch Companies, Hershey Co, Republican, Trump, Supreme, City University of New York School of Law, Target Corp, Progressive Insurance, Activision, Democratic, Thomson Locations: Lago, Palm Beach , Florida, U.S, America, Albany , New York

☆ Amazon employees are internally sharing mock leadership principles that make fun of the company's aggressive RTO policy: 'Disagree and comply'
▼ + stars: | 2023-08-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

Amazon employees are mocking the company's return-to-office policy in a very Amazon way. But the company's aggressive return-to-office policy , which has become a contentious issue internally , has caused some employees to enjoy mocking the famous principles. Earlier this week, an Amazon employee shared a satirical version, titled "Leadership Principles for RTO," on an internal staff forum. Leaders demote other leaders to individual contributor if they aren't willing to relocate to a hub office. There are extra points for growing headcount as long as it's in a hub office.

Persons: Andy Jassy, it's, didn't, blinders, It's, Butts Organizations: Amazon, Burn

☆ How Economists Missed the Big Disinflation - The New York Times
▼ + stars: | 2023-08-14 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

One is the claim that much of the progress against inflation is in some sense illusory, that underlying inflation is still well above 4 percent. Now, there are enough measures of underlying inflation out there that if you pick and choose you can still manage to be pessimistic, but the preponderance of the evidence — plus the results of hands-free algorithms that use a consistent procedure to extract the signal from the noise — suggests underlying inflation around 3 percent and dropping. The other is the claim that disinflation pessimists were simply applying standard economic models, so that the fault lay in the models, not themselves. But that’s simply not true. Standard models say that disinflation is very costly if persistent high inflation has become entrenched in expectations.

Persons: that’s

☆ Disney's future, a hot topic among Hollywood elite
▼ + stars: | 2023-08-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

[1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. REUTERS/Hannah McKay/File PhotoAug 14 (Reuters) - Hollywood's favorite parlor game of the week: What will Bob Iger do next? Another veteran media executive predicted Disney would spin off the television asset to its shareholders as a separate, publicly traded company by 2024, with private equity potentially playing a role. "You sell the parts, then sell what's left," said the veteran. Reporting by Dawn Chmielewski in Los Angeles; Editing by Kenneth Li and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Bob Iger, Hannah McKay, Walt Disney, Iger, Jeff Bewkes, what's, It's, Laura Martin, Dawn Chmielewski, Kenneth Li, Richard Chang Organizations: Walt Disney Company, Leicester Square, REUTERS, U.S ., Walt, CNBC, Reuters, ESPN, Disney, ABC, Disney Channel, NBA, Comcast, Hulu, Time Warner, Google, Facebook, Apple, Netflix, MGM, Needham, Thomson Locations: London, Britain, Culver City, New York City, U.S, Hulu, Hollywood, Los Angeles

☆ The president of MrBeast's YouTube empire shares lessons from working with the platform's most-successful creator, from globalization to avoiding burnout
▼ + stars: | 2023-07-24 | by ( Amanda Perelli | Sydney Bradley | ) www.businessinsider.com time to read: +6 min

Marc Hustvedt, president of the YouTube empire MrBeast, likens Jimmy Donaldson's stardom and impact to that of a professional athlete. "To me, creators, particularly YouTube creators, always stood out," Hustvedt said. "A 100-million-view video is exponentially more valuable than 20 5-million-view videos," Hustvedt said. "Get really, really good at making the content," he said. "It sounds so basic, but in practice, it's really, really hard."

Persons: MrBeast, Alberto E, Rodriguez, Marc Hustvedt, Hustvedt, Jimmy Donaldson's, Donaldson, Philip DeFranco, he's, MrBeast doesn't, Anita Elberse, YouTubers Rhett, Link, Smosh, Smosh cofounders Anthony Padilla, Ian Hecox, it's Organizations: Nickelodeon, Microsoft Theater, YouTube, React Media, Hustvedt, Blockbuster, Big Business, Entertainment, Harvard Business, Twitter Locations: Los Angeles , California, Greenville , North Carolina, VidCon, India, Brazil

☆ A pair of fund managers who've beaten 97% of competitors in the last 15 years share 4 top investments to score safe, solid returns in a market driven by speculative AI stocks
▼ + stars: | 2023-07-13 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are four investments to make right now with stocks at risk of giving up their gains. "When we see windows of market distress, we tend to have a range of different opportunities to deploy that cash," McLennan said. If foreign currencies continue to strengthen relative to the dollar, the fund managers think international stocks could take off. Perhaps that's why, of their four favorite investments to make right now, three are international stocks. All three of the stocks McLennan and Brooker are most bullish on are all trading at discounts despite being leaders in their fields and having strong leadership teams, they said.

Persons: Matt McLennan, Kimball Brooker, McLennan, it's, Morningstar, Brooker, there's, they're, Wednesday's, Goldman Sachs, they'll, They've Organizations: Eagle Global Fund, Federal, McLennan

☆ Dollar slumps ahead of US inflation data, sterling rises
▼ + stars: | 2023-07-12 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

"The (RBNZ) statement and minutes retained their dovish undertone overall, but they can't not warn that inflation is still 'too high' as they need to contain inflation expectations," said Matt Simpson, senior market analyst at City Index. The broader market focus remained on U.S. inflation data due later on Wednesday, with expectations for core consumer prices to have risen 5% on an annual basis in June. "We're already seeing markets move in anticipation of a softer U.S. inflation report," said City Index's Simpson. U.S. Treasury yields came under pressure on Wednesday, with the two-year yield and benchmark 10-year yield settling below 5% and 4%, respectively. "Speculation of a possible tweak could allow the (yen) some support ahead of the BOJ meeting this month."

Persons: BoE, Matt Simpson, we've, Index's Simpson, Sterling, YCC, Jane Foley, Rae Wee, Jamie Freed, Edmund Klamann Organizations: Bank of England, New Zealand, Reserve Bank of New Zealand, U.S ., Fed, BoE . U.S, Treasury, Bank of Japan, Rabobank, Thomson Locations: SINGAPORE, U.S, Asia, BoE .

☆ ‘Based on a True Story’ Review: Only Murders on the TV
▼ + stars: | 2023-06-12 | by ( James Poniewozik | ) www.nytimes.com time to read: +1 min

“The great American art form isn’t music or film or television,” says a podcast host in “Based on a True Story,” a new dark comedy on Peacock. “The great American art form is murder. Forget the surfeit of murder podcasts that “Based on a True Story” satirizes, however fitfully. “Based on True Story” is not even the first TV comedy about a fictional murder podcast. (Steve Martin and Martin Short would like a word.)

Persons: ”, “, Steve Martin, Martin, Craig Rosenberg, Kaley, Nathan, Chris Messina, sleuths, Matt, Tom Bateman, Peacock, it’s Locations: Los Angeles

☆ Retailers are gamifying shopping with virtual storefronts to boost engagement, loyalty
▼ + stars: | 2023-06-09 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Crew virtual beach house. Crew virtual beach house. Crew virtual beach house. Crew virtual beach house. Crew virtual beach house.

Persons: Crew's, Derek Yarbrough, J, Yarbrough, Obsess, Neha Singh, Singh, Elizabeth Arden, Dior, Ralph Lauren, Corona, Johnson, metaverse, it's, Crew's Yarbrough Organizations: CNBC, American, Mattel, Maybelline, Amazon Locations: New York, Los Angeles, Laneige

☆ Cramer: This is my game plan for the week ahead after Friday's surprise rally
▼ + stars: | 2023-06-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

It was the compromise debt limit deal — not the employment number — that caused the market to rally. The shorts were correct to press their bets if there was no debt deal and we got an employment number that was a steamer. A short squeeze happens when short sellers having to buy stocks to cover their short positions, pushing prices higher. I say no, no more than you needed in 2011, when the debt ceiling deal led to a fantastic rally because Armageddon was avoided. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Dow, Kevin McCarthy couldn't, Charles Schumer wasn't, Joe Biden lamely, McCarthy, Biden, Ronald Reagan, Tip O'Neil, Chris Matthews, Jerome Powell, Jim Umpleby, Sanford Bernstein, FANG, it's, Locker, Estee Lauder, Fabrizio Freda, Mary Dillon, Emerson, hasn't, Jeff Marks, LULU, Powell, battlegrounds, Johnson, Jim Cramer's, Jim Cramer, Jim, Joe Biden, Kevin McCarthy, Patrick's, Saul Loeb Organizations: Republican, Assistance, Microsoft, Apple, Nvidia, Caterpillar, Fed, Emerson Electric, Devices, GE Healthcare, Jim Cramer's Charitable, CNBC, US, AFP, Getty Locations: United States, China, California, St, Washington ,

☆ Central bankers face a balance sheet reckoning
▼ + stars: | 2023-05-26 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

LONDON, May 26 (Reuters Breakingviews) - Central banks’ balance sheets have exploded in size since 2008. That’s not a problem, we’re told, since central banks are not bound by ordinary accounting rules. Ferguson and his colleagues examined fourteen central bank balance sheets over a period of 400 years. Central bank hawks on the other hand, are typically slow to expand their balance sheets during crises. Central banks with weak balance sheets are less credible bastions of a fiat currency.

Adult ADHD can make it harder to focus on tasks that don't capture your attention, experts say. Strategies for managing your finances with ADHD include getting outside help and giving yourself extra time. It's no surprise, then, that adult ADHD affects your ability to stay on top of your financial management and overall financial well-being. Experts say there are ways you can keep your finances under control with adult ADHD, though. "When I was managing my business finances and using QuickBooks, it was a very visually overwhelming experience for me," says Potter.

☆ Career expert shares the No. 1 question to ask at every job interview—it can get you 'hired on the spot'
▼ + stars: | 2023-04-19 | by ( Natalie Fisher | ) www.cnbc.com time to read: +2 min

As a career coach who has helped hundreds of people land six-figure salaries, I've found one of the biggest mistakes candidates make is failing to ask strong questions. But you don't want to be the person who freezes when the hiring manager pauses at the end of the meeting and says, "Do you have any questions for me?" Sometimes the hiring manager won't know how to answer this question, so it creates space to discuss and envision what could be possible together if you were hired. For example, the hiring manager tells you: "It would blow my mind if, within six months, the candidate we hire sold our product at 100% of their quota." If you haven't reached such a lofty goal, respond with follow-up questions that show your enthusiasm for delivering on it.

☆ Amazon CEO Andy Jassy says his letter to shareholders follows one of the toughest economic years in recent memory. Read it in full.
▼ + stars: | 2023-04-13 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +38 min

Further, as machine learning adoption has continued to accelerate, customers have yearned for lower-cost GPUs (the chips most commonly used for machine learning). While some areas of the economy have struggled over the past few years, Amazon Business has thrived. Some people have never heard of Amazon Business, but, our business customers love it. For years, Amazon customers had asked us when we'd offer them an online pharmacy as their frustrations mounted with current providers. More recently, a newer form of machine learning, called Generative AI, has burst onto the scene and promises to significantly accelerate machine learning adoption.

☆ Amazon CEO Andy Jassy says he's confident he can get costs under control in shareholder letter
▼ + stars: | 2023-04-13 | by ( Annie Palmer | ) www.cnbc.com time to read: +38 min

Economists who obsess about tightly calibrating the quantity of money in the system balk at QE as a tool. Two weeks of turmoil in mid-sized U.S. banks follow just nine months in which the Fed had been winding down its outsize balance sheet that peaked near $9 trillion during the pandemic. "Illiquidity episodes may force central banks to slow the process of reserve withdrawal. Reuters GraphicsILLIQUIDTY EPISODESThis could become a trap that prevents normalisation of the balance sheet longer term, they said. Better-measured and more forward-looking liquidity regulations, incentives for longer-duration deposits during QE bouts and rethinking stress tests were all options, they wrote.

☆ Ivy League child psychologist shares her No. 1 key to raising successful kids—it's not how much time you spend with them
▼ + stars: | 2023-03-22 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

But you can stop anxiously counting the hours and minutes you spend at work instead of home, says Dr. Tovah Klein. "It's always about the quality of the relationship [and] the quality of the interactions," Klein tells CNBC Make It. With that in mind, focus on building meaningful connections with your children during the time you can spend with them, Klein says. You can still work on it during particularly busy periods at work or while you're traveling, albeit in small doses. "It almost always could be said that less is more for children," Klein says.

☆ A millennial who became a millionaire after the 2008 crash says building wealth is about more than opportunistic investing. You also have to make lifestyle changes and load up on side hustles.
▼ + stars: | 2023-03-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

Sabatier says that economic uncertainty has created an "incredible opportunity to invest," but that there's more to building wealth than timing the market. While the economy and the stock market don't always rise and fall in tandem, historically, a struggling economy has provided investors with opportunities to buy stocks on the cheap. When Sabatier began investing in 2010, the US economy had already emerged from the Great Recession, and the stock market had recovered some of its losses. From March 2009 to March 2020, the S&P 500 gained over 400% — the longest bull market run in US history. "You'll come out ahead over the next 10, 20, and 30-plus years," he said, adding that, "the best time to start investing was yesterday.

The biggest question in world finance right now is whether the eye-watering rebound in borrowing rates we've seen over the past month is just another overshoot - or the new reality. G7 2-year yields soarFed, ECB and BoE 'terminal rates' riseWorld economy surprising in 2023LOSING THE PLOTSince the middle of last year, futures markets have consistently priced peak Fed rates below where Fed officials themselves were guiding. But for at least six of the past nine months, futures markets priced a lower terminal rate than the central Fed view. Five-year equivalents have risen sharply too, while long-term euro zone inflation swaps are pricing the highest rates in more than a decade. The outcome is "strongly bimodal", they said, and either a recession hits and rates are cut, or it doesn't and rates go to 6.5%.

Several of this year's Grammy nominees, including "abcdefu" singer Gayle and R&B artist Muni Long, rose in popularity after influencers and everyday users posted TikTok videos with their music. Even as the music industry gathers in Los Angeles to celebrate artists and their songs at Sunday's Grammy awards, the relationship between hitmaker TikTok and music labels is showing signs of strain. As deals with the major music companies expire, the labels are looking to receive some of TikTok's ad revenue, according to Tatiana Cirisano, music industry analyst for Midia Research. One music industry insider, who spoke on condition of anonymity, said "it’s open to interpretation" why this is happening now. "TikTok has become really integral to the way that younger people relate to music, discover music and consume it,” Cirisano said.

☆ Meet Cloud Apartments, a startup that promises lower-cost living in factory-made units thanks to backing from a 25-year VC veteran
▼ + stars: | 2023-01-09 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

Cloud Apartments plans to build at five sites in the Bay Area, including in San Jose and Berkeley. A 25-year venture-capital veteran just led a $3 million funding round for Cloud Apartments. Factories tooled to produce modular apartment units can make this possible. In 2021, against a backdrop of skyrocketing rents, Wong founded Cloud Apartments, a rental development company that uses modular-construction processes more often associated with single-family housing. A rendering of a Cloud Apartments building.

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