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Moscow's actions have deprived many foreign investors of the ability to trade in Russian securities, including depositary receipts. Investors are worried about future copycat actions by other governments who might look to reduce foreign influence over their leading companies. Depositary receipts, or DRs, are certificates issued by a bank representing shares in a foreign company traded on a local stock exchange. But events in Russia have forced many investors to write down the value of depositary receipts of Russian companies to zero, given their inability to trade them. CONSEQUENCESLoss of confidence in DRs could drain needed foreign capital from firms in emerging economies, for instance.

Persons: Dado Ruvic, Peter C, Earle, Christopher Day, Michael Ashley Schulman, Goldman Sachs, III, Detsky Mir, Goldman, Otkrytie, Schulman, Grzegorz Drozdz, Malcolm Dorson, Sinead Cruise, Carolina Mandl, David Gregorio Our Organizations: REUTERS, Global, American Institute for Economic Research, Reuters, Citigroup, Companies, Citi ., Reuters Graphics, DR, Investors, Doliver Advisors, Running, Capital Advisors, Conotoxia, Russian, Thomson Locations: Moscow, Ukraine, Brazil, China, Russia, GDR, GDRs, United States, Britain, London, Carolina, New York

☆ Fernando Villavicencio assasination: How corruption and gang warfare transformed Ecuador
▼ + stars: | 2023-08-11 | by ( Tara John | ) edition.cnn.com time to read: +6 min

But the high-profile assassination on Wednesday of presidential candidate Fernando Villavicencio could be a turning point for the country that has so far struggled to control the bloodshed. Ecuadorean presidential candidate Fernando Villavicencio ran on an anti-corruption platform prior to his death. Floundering authoritiesSecurity and state forces have been badly unprepared for the rise of criminal groups in the country. A a car transports the body of Ecuadorean presidential candidate Fernando Villavicencio on August 10. Last year, the US withdrew visas from high-ranking officers of Ecuadorian state security forces, alleged to be linked to drug trafficking, as well as several judges and lawyers.

Persons: CNN —, Fernando Villavicencio, ” Juan Pappier, Watch’s, “, Karen Toro, Laura Lizarazo, ”, ” Lizarazo, Ecuador’s, Guillermo Lasso, Lizarazo, Eric Farnsworth, –, Villavicencio –, El, Nayib Bukele, Luisa González, Rafael Correa, Vicente Gaibor del Pino Organizations: CNN, Customs, Border Patrol, Ecuadorian, Reuters, Lobos, of, Americas Society, Security Locations: Ecuador, ”, Peru, Colombia, Europe, Washington, Americas

Hawaii Army National Guard CH47 Chinook helicopters perform aerial water bucket drops on the island of Maui to assist with fight of wildfires in Maui, Hawaii, August 9, 2023. An out-of-control wildfire that began along a major Central Maui highway burns Thursday July 11, 2019, in Maui, Hawaii. “Especially when you have severe drought conditions like we have.”Despite these growing dangers, Hawaii state budgets for fire management have not kept pace with worsening conditions, according to the Hawaii Wildfire Management Organization, a nonprofit. Hawaii is hardly unique: As climate change is exacerbating natural disasters, state officials across the country are also struggling to respond to new threats. And it’s unclear how significantly additional preparedness and mitigation efforts could have reduced the destruction of a blaze with the intensity and speed of the Lahaina wildfire.

Persons: Pamela Brown’s, ”, Hurricane Dora, didn’t, Clay Trauernicht, Matthew Thayer, Abby Frazier, ” Nani Barretto, Gov, Sylvia Luke, “, Josh Stanbro, Josh Green, Frazier, ” “ Organizations: CNN, Hawaii Army National Guard, Hawaii National Guard, University of Hawaii, Hawaii Emergency Management Agency, Maui News, Clark University, Hawaii Wildfire Management Organization, ” Locations: Hawaii, ”, Maui, Lahaina, Maui County, Central Maui, Massachusetts

☆ Fmr. World Bank Pres. David Malpass on Fitch downgrade: Worried about the misallocation of capital
▼ + stars: | 2023-08-08 | 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 EmailFmr. World Bank Pres. David Malpass on Fitch downgrade: Worried about the misallocation of capitalDavid Malpass, former World Bank president, joins 'Squawk Box' to discuss the fallout from the Fitch U.S. rating downgrade, why he believes it amounts to a wakeup call to the Federal Reserve, and more.

Persons: Bank Pres, David Malpass Organizations: Bank, Fitch, World Bank, Federal Reserve

☆ Greece scours shipwreck site; hundreds feared drowned in boat's hold
▼ + stars: | 2023-06-15 | by ( Stamos Prousalis | ) www.reuters.com time to read: +5 min

"When you are faced with such a situation... you need to be very careful in your actions," coast guard spokesperson Nikos Alexiou told state broadcaster ERT. Citing initial testimonies from survivors, Save the Children charity said around 100 children were believed to be in the vessel's hold. Of the 104 survivors so far transferred by the coast guard to the Greek port city of Kalamata, most were men, authorities said. The search operation will continue for as long as needed, the coast guard said. Aerial pictures released by the Greek coast guard showed dozens of people on the boat's upper and lower decks looking up, some with arms outstretched, hours before it sank.

Persons: Nikos Alexiou, Daniel Gorevan, Stelios Misinas, Nawal Soufi, Lefteris Papadimas, Renee Maltezou, Karolina Tagaris, Angelo Amante, Michele Kambas, John Stonestreet, Hugh Lawson Organizations: Rescuers, ERT, Organization for Migration, EU, Hellenic Coast Guard, REUTERS, Independent, European Union, NATO, United Nations, Thomson Locations: KALAMATA, Greece, Pylos, Italy, Europe, Kalamata, Athens, Tobruk, East, Asia, Africa, Libya, Lefteris, Rome

Following the trade, Jim Cramer's Charitable Trust will own 275 shares of PANW, decreasing its weighting in the portfolio to 2.21%, from 2.41%. Now that our trading restrictions have cleared, we're taking profits in cybersecurity leader Palo Alto Networks . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: we'll, Jim Cramer's, Palo, Jim Cramer, shouldn't, Jim, Krisanapong Organizations: Palo Alto Networks, Palo, CNBC Locations: Palo Alto, overbought

Smoke from wildfires in Quebec has settled over southern Ontario and travelled into the United States, disrupting flights and sending people indoors. On Wednesday mask supplier United Canada sent out an email with "Wildfire Season Safety Tips" that included an N95 mask. It's "a little disheartening" to be wearing a mask again, she said, but "that's what you have to do. Hume-Beardall added she hopes the spectre of smoky air "is a little bit of a wakeup call to people around the environment." Studies in people have linked wildfire smoke with higher rates of heart attacks, strokes, and cardiac arrests, increases in emergency room visits for respiratory conditions, and weakened immune defenses.

Persons: Canada Strong, Rivi Hume, Hume, Beardall, Samantha Green, Green, Marietta Haberer, Anna Mehler Paperny, Diane Craft Organizations: TORONTO, United Canada, Reuters, Unity Health, Toronto . Studies, Thomson Locations: Canada, Atlantic Canada, Quebec, Ontario, United States, Toronto

☆ Body dysmorphia: Definition, symptoms and treatments
▼ + stars: | 2023-05-26 | by ( Kristen Rogers | ) edition.cnn.com time to read: +9 min

Here’s what living with body dysmorphia is like, and how people can find help. What causes body dysmorphiaThere isn’t a sole cause of body dysmorphia, but there are some contributing factors. “Body dysmorphia is in the same family of disorders as obsessive-compulsive disorder,” Durvasula said. Body dysmorphia was originally described as “the imagined ugliness syndrome,” Kearney-Cooke said. Since body dysmorphia is in the same category as obsessive-compulsive disorder, treatments for OCD, such as “exposure and response prevention,” could also be helpful for managing body dysmorphia.

☆ Reactions: US Treasury's new June 1 debt ceiling X-date
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +5 min

We must change course, cleanly raise the debt ceiling, and avert widespread economic pain and instability while we still can." The clock is ticking - and much faster than many suspected - so House Republicans need to drop their dangerous opposition to paying our nation’s bills." The President must negotiate on raising the debt ceiling." Let's get the debt ceiling taken care of, but let's talk about how we can reduce the deficit and common-sense ways. If we don't get the debt ceiling, then we go into it a depression."

[1/2] A Tesla Model 3 vehicle drives on autopilot along the 405 highway in Westminster, California, U.S., March 16, 2022. Tesla denied liability for the accident and said in a court filing that Hsu used Autopilot on city streets, despite a user manual warning against doing so. "This case should be a wakeup call to Tesla owners: they can't over-rely on Autopilot, and they really need to be ready to take control and Tesla is not a self-driving system," he said. The Hsu trial unfolded in Los Angeles Superior Court over three weeks, with testimony from three Tesla engineers. The main question in Autopilot cases was who is responsible for an accident while a car is in driver-assistant Autopilot mode - a human driver, the machine, or both?

☆ I'm a former Microsoft VP of HR. Here are the real reasons why layoffs are happening and how much longer they'll last.
▼ + stars: | 2023-04-17 | by ( Chris Williams | ) www.businessinsider.com time to read: +6 min

Some of the layoffs we've seen have included long-time employees years from their most meaningful contributions. The opticsSome of the layoffs we've seen in tech are ones that the companies have probably wished they could do for years. The future is brightWe are in a season of layoffs, and it's not clear we've seen the last or worst of it. That said, there is no reason to see the layoffs as a harbinger of doom and gloom for the tech world. Chris Williams is the former VP of HR at Microsoft and a leadership advisor, podcaster, TikTok creator, and author.

☆ Analysis: 21-year-old's arrest exposes larger classified documents problem
▼ + stars: | 2023-04-14 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

If the many earlier and ongoing scandals regarding classified information aren’t a wakeup call that the US government has a problem, maybe the arrest of Jack Teixeira will do the trick. Classified material scandals aplentyOne thing that should be abundantly clear from the string of leaks and improperly handled pieces of classified information beyond this story is that the system has problems. The New York Times reported Wednesday that witnesses questioned as part of the Trump investigation have been asked if he was showing off a map with sensitive intelligence information. There are additional people who have security clearance but don’t currently have access to information. Gen. Pat Ryder, compared the method by which classified information is stored to a locked house where people with clearance can get a key.

☆ China brokering a deal between the Saudis and Iran is a message for the US: Change your strategy or get left behind
▼ + stars: | 2023-04-05 | by ( Hassan El-Tayyab | ) www.businessinsider.com time to read: +6 min

In March, Saudi Arabia and Iran announced they had normalized relations in a deal brokered by China. Hassan El-Tayyab is legislative director for Middle East policy at the Friends Committee on National Legislation. By mediating the Saudi-Iran deal, China has demonstrated its ability to play a constructive role in resolving conflicts impartially, rather than relying on arms sales to keep nations in America's corner in geopolitical disputes. There have been some positive signs for diplomacy in Yemen since the Saudi-Iran deal was announced. Hassan El-Tayyab is the legislative director for Middle East policy at the Friends Committee on National Legislation.

☆ Apollo assures investors deposit flight won't spill over to Athene
▼ + stars: | 2023-03-30 | by ( Chibuike Oguh | ) www.reuters.com time to read: +5 min

Reuters GraphicsIn a quarterly update to shareholders published on March 13, Apollo outlined how Athene's funding model is different than a bank's. In the wake of the banking crisis, however, Apollo has been fielding questions from analysts and investors about Athene's funding model. Following a meeting with Apollo executives, Hone wrote in a note last week that he does not anticipate a spike in withdrawals from Athene's annuity holders and that Athene's funding base was stable. Apollo said in its March 13 presentation to investors that it had seen inflows of $8.8 billion to Athene from the start of the year to March 10. Questions from investors and analysts to Apollo have focused on this subset of annuity policies that have a potentially higher flight risk.

[1/3] Don Cameron stands next to one of his flood capture projects on his Terranova Ranch in Helm, California, U.S., January 25, 2023. Today, California water experts see Cameron as a pioneer. Terra Nova's basins are filled with 1.5 to 3.5 feet of water, Cameron said Wednesday. California Governor Gavin Newsom signed an executive order on March 10 making it easier for farmers to divert floodwaters onto their lands until June. "We're at the beginning of a lot of momentum for groundwater recharge programs," said Gosselin, of the state groundwater office.

☆ I tried Apple CEO Tim Cook's 3.45 a.m. wakeup routine. It was a nightmare.
▼ + stars: | 2023-03-17 | by ( James White | ) www.businessinsider.com time to read: +4 min

Tim Cook has been the CEO of Apple since 2011 and has a net worth of $1.8 billion. James White did this for three days but trying to hustle like the Apple CEO felt extremely unnatural. You can change the world," Apple CEO Tim Cook previously told Fast Company. But Tim Cook takes that concept to the extreme, waking up at around 3.45 a.m.Tim receives up to 800 emails each day. Trying to hustle 24/7 like Tim Cook felt extremely unnatural.

☆ U.S. must address rise in aviation close calls - officials
▼ + stars: | 2023-03-15 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

McLEAN, Virginia, March 15 (Reuters) - Transportation Secretary Pete Buttigieg said Wednesday the United States cannot wait for the next "catastrophic event" to address an uptick in aviation close calls that sparked alarm. "We have seen an uptick in serious close calls that we must address together. National Transportation Safety Board chair Jennifer Homendy said the board has issued seven recommendations on runway collisions that have not been acted on. "There have been far too many close calls," Homendy said at the summit. "In light of the recent close calls and the attention being focused on even routine go-arounds — are we emphasizing efficiency over safety?

☆ Companies scramble to meet payroll, pay bills after SVB's swift failure
▼ + stars: | 2023-03-10 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

In this article SIVB Follow your favorite stocks CREATE FREE ACCOUNTEmployees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. They'll receive a dividend within a week covering an undetermined amount of their money and a "receivership certificate for the remaining amount of their uninsured funds." Clients with uninsured funds — anything over $250,000 — don't know what to do. Gilbert said he's advising portfolio companies individually, instead of sending out a mass email, because every situation is different. "I got emails saying saying don't send money to SVB, and if you have let us know," Gilbert said.

☆ 5 non-fiction books everyone should be reading about work in 2023
▼ + stars: | 2023-03-04 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

If you're looking for inspiration or feel stuck in your job, these 5 career books, recommended by Goodreads, can help put you in the right mindset. These books, all published in 2022, have at least a 4-star rating on Goodreads and at least 1,000 members added the book to their "want-to-read" shelf on the site. Chance walks readers through how to cultivate charisma, become a stronger negotiator and deal with manipulative people. Pfeffer introduces seven rules for building a fulfilling, successful career, including "break the rules" and "network relentlessly," as well as how to follow them in your own life. As one review noted: "This book felt like the wakeup call I had been seeking for years now."

☆ ChatGPT-maker OpenAI has hired tons of former Google and Meta employees, new data shows
▼ + stars: | 2023-02-22 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Last year, the company hired several Google staff to do "instrumental" work on ChatGPT. Data from LeadGenius and Punks & Pinstripes shows that a number of the company's 200-plus employees came from Alphabet, the parent company of Google and AI research lab DeepMind. OpenAI currently employs about 59 ex-Google employees and about 34 former Meta staff, according to the data. Data from Lead Genius and Punks & Pinstripes shows ex-Google staff make up a large portion of the company's staff. The Information previously reported that OpenAI hired several Google employees to do "instrumental" work on ChatGPT in the months leading up to its November launch.

☆ FDA fines e-cigarette makers for selling products illegally in ‘wakeup call’ to tobacco manufacturers
▼ + stars: | 2023-02-22 | by ( Jen Christensen | ) edition.cnn.com time to read: +3 min

BAM Group LLC, Great American Vapes LLC, The Vapor Corner Inc and 13 Vapor Co LLC did not immediately respond to CNN’s request for comment. “Holding manufacturers accountable for making or selling illegal tobacco products is a top priority for the FDA,” said Dr. Brian King, director of the FDA’s Center for Tobacco Products. “These actions should be a wakeup call that all tobacco product manufacturers – big or small – are required to obey the law,” King said. The agency can seize products, file injunctions to not sell the products, and the companies can face criminal prosecutions. “With these fines, FDA is finally speaking a language these manufacturers understand,” Sward told CNN.

☆ Aerospace and defense stocks took flight in 2022. What analysts expect for the sector in 2023
▼ + stars: | 2023-01-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Aerospace and defense stocks took off in 2022, outperforming the S & P 500 as a selloff trend pummeled growth and technology names. Through 2022, the aerospace and defense sub-industry within the S & P 500 rose 15.5%, while the broader index tumbled 19.4%. Here are some of the best-performing aerospace and defense stocks of 2022 and what the outlook looks like in the new year. The top-performing defense stock in the fourth quarter was Boeing , with shares up more than 57%. Raytheon Technologies rose more than 17% in 2022, and analysts are optimistic about the stock in 2023.

☆ America's democracy survived Trump in 2022. But what about 2023?
▼ + stars: | 2022-12-30 | by ( Tara Setmayer | Tara Setmayer Is A Resident Scholar At The University Of Virginia Center For Politics | A Senior Adviser At The Lincoln Project. She Is A Former Gop Congressional Communications Director. | ) www.nbcnews.com time to read: +5 min

That led hundreds of election deniers to run for offices across the country in 2022. But in 2022, American democracy became an issue outside the political norm for voters’ consideration. But it wasn’t just the outcome of the election that signaled that our democracy was still holding on in 2022. Thankfully, the majority of them did, with the exception of professional election deniers like Kari Lake, who lost the Arizona governor’s race to Katie Hobbs. Not since the tumultuous political climate of the 1930s has American democracy faced such a perilous era.

When I was laid off in 2015, I panicked and neglected to be strategic with my money. I should also have opened a 0% APR credit card and created a strategy for when I had money again. Here are the main things I did wrong with my finances when I was laid off. What I wish I did instead, was open a 0% APR credit card. Overlooked the details of my moneyRight after I got laid off, my first thought was how do I make more money fast.

News of the FTX's fall first prompted questions to lawmakers about Bankman-Fried's political donations. Bill Cassidy of Louisiana and John Boozman of Arkansas said they would donate Bankman-Fried’s campaign contributions, though they did not specify the charities they intended to donate the money to. Bankman-Fried also poured millions into super PACs that support candidates outside of their campaigns, including the Senate Majority PAC, or SMP, a super PAC supporting Democratic Senate candidates. The disclosed sums likely don't capture the full breadth of Bankman-Fried's political spending. "The candidates who received money from dark money organizations don't really have to answer for it," Sherman said.

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