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The Labor Department's report showed a surprise fall in U.S. weekly jobless claims, highlighting labor market resilience in a higher interest rate environment. "There's virtually no signs of any weakness in the labor market and that's one of the things the Fed's been leaning against to keep rates higher for longer." The S&P 500 (.SPX) and the Dow Jones Industrial Average (.DJI) are now headed for their third straight day of declines. Shares of both the companies fell around 2%, and were among the top drags to the benchmark S&P 500 and Nasdaq (.IXIC) indexes. Industrial (.SPLRCI) and consumer discretionary stocks (.SPLRCD) were among the leading decliners on the S&P 500, down 1.5% and 1.7%, respectively.

☆ Biden Gives a Boost to Schoolyard Bullies
▼ + stars: | 2023-01-18 | by ( Jason L. Riley | ) www.wsj.com time to read: +1 min

He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.

☆ Jaguars roar back from 27-point deficit to stun Chargers and advance in AFC playoffs
▼ + stars: | 2023-01-15 | by ( Josh Alper | ) www.nbcnews.com time to read: +2 min

A creative play from Jaguars head coach Doug Pederson set up the winning kick. Chargers kicker Cameron Dicker missed a 40-yard field goal to aid the comeback effort and the Jaguars took full advantage. After the fourth of those touchdowns, Chargers defensive end Joey Bosa was penalized for unsportsmanlike conduct after slamming his helmet to the turf while arguing for a penalty on Jaguars tackle Jawaan Taylor. That allowed the Jaguars to go for two and be in position to win the game with a field goal. While the Jaguars will be moving on to play another game, the Chargers will be left to pick up the pieces of a massive collapse.

☆ Lisa Marie Presley will be buried at Graceland next to son Benjamin Keough
▼ + stars: | 2023-01-13 | by ( Gina Vivinetto | ) www.nbcnews.com time to read: +2 min

Lisa Marie Presley’s final resting place will be at Graceland, the Memphis, Tennessee, estate that her late father, Elvis Presley, called home. A rep for Lisa Marie Presley’s daughter, actor Riley Keough, confirmed to NBC News on Friday, that Presley will be buried next to her late son, Benjamin Keough, who died by apparent suicide in 2020. Lisa Marie Presley, who was the only child of Elvis Presley and Priscilla Presley, died Thursday at 54, after being hospitalized for a medical emergency. A singer-songwriter, Lisa Marie Presley was the mother of four children, from two of her four marriages: daughter Riley Keough and son Benjamin Keough, with ex-husband Danny Keough, and twin daughters Harper and Finley Lockwood with ex-husband Michael Lockwood. Following Keough’s death in 2020, Presley posted multiple tributes to her only son on social media.

☆ Demonstrators protest NCAA's transgender athlete inclusion
▼ + stars: | 2023-01-13 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

Former Kentucky swimmer Riley Gaines and about two dozen demonstrators outside the NCAA convention Thursday protested the inclusion of transgender athletes in women’s sports and threatened the association with legal action if it doesn’t change its policies. The topic has divided the U.S. for the past several years, with critics saying transgender athletes have an advantage over cisgender women in competition. Eighteen states have passed laws banning transgender athletes from participating in female school sports; a federal judge earlier this month ruled West Virginia’s ban is constitutional and can remain in place. The NCAA has permitted transgender athletes to compete since 2010. Harris said the transgender athletes policy is no different from other eligibility requirements.

☆ Corporate profit reports in the week ahead could show whether there's an 'earnings recession'
▼ + stars: | 2023-01-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Investors in the week ahead will focus on how much inflation and the slowing economy have chiseled away at corporate profits, as companies including Goldman Sachs , Netflix and Procter & Gamble report earnings. "This is going to be the start of the clock ticking on an earnings recession," said Amanda Agati, chief investment officer of PNC Asset Management Group. Economic recession talk heats up "There's never been a recession without an earnings recession since World War II," Agati said. Art Hogan, chief market strategist at B. Riley Financial, said this coming earnings week could be an important step towards assessing the health of corporate balance sheets. Week ahead calendar Monday Martin Luther King Jr. Day Markets closed Tuesday Earnings: Goldman Sachs , Morgan Stanley , Citizens Financial, United Airlines, Interactive Brokers 8:30 a.m.

☆ Lisa Marie Presley to be laid to rest at Graceland
▼ + stars: | 2023-01-13 | by ( Mary Milliken | ) www.reuters.com time to read: +2 min

LOS ANGELES, Jan 13 (Reuters) - Singer Lisa Marie Presley will be laid to rest at Graceland, the Memphis mansion she inherited from her father Elvis Presley, the "King of Rock 'n' Roll," a representative for her daughter said on Friday. Lisa Marie Presley remembered her son in an essay for People magazine earlier this year that she posted on Instagram, calling herself "destroyed" by his death. As the only daughter of Elvis Presley, Lisa Marie became the owner of her father's Graceland mansion, a popular tourist attraction in the city. Tributes to Lisa Marie Presley continued to pour in on Friday. Lisa Marie Presley is survived by her mother, daughter Riley Keough, 33, and 14-year-old twin daughters Harper and Finley Lockwood.

☆ The Economic and Human Costs of Protecting Criminals
▼ + stars: | 2023-01-12 | by ( Jason L. Riley | ) www.wsj.com time to read: +1 min

More than a decade later, those that heeded this advice went on to become game-changing tech behemoths, including CNBC Disruptor 50 companies Block , Pinterest , Slack, Twilio , and Cloudera. Seed rounds had a record deal value in 2022, and valuations continued to grow even as late-stage venture companies nearer to the public market suffered. Venture funds raised a record amount of money in 2022, with $162.8 billion closed across 769 funds, according to PitchBook and the NVCA. We've seen companies struggle as public companies and then skyrocket, so a lower value-IPO is not the end of the road." "But when you can generate new share in a difficult market, when the market does turn, they are in a perfect position to capture more market share and customers."

☆ Lisa Marie Presley, daughter of Elvis, dies
▼ + stars: | 2023-01-12 | by ( Lisa Richwine | ) www.reuters.com time to read: 1 min

[1/6] Lisa Marie Presley attends the handprints ceremony for Priscilla Presley, Lisa Marie Presley, Riley Keough, Finley and Harper Lockwood at TCL Chinese theatre in Los Angeles, California, U.S. June 21, 2022. REUTERS/Ringo Chiu/File PhotoLOS ANGELES, Jan 12 (Reuters) - Lisa Marie Presley, a musician and the only daughter of rock 'n' roll legend Elvis Presley, died on Thursday after being rushed to a Los Angeles-area hospital, her mother said. "It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us," her mother, Priscilla Presley, said in a statement. Reporting by Lisa Richwine; additional reporting by Kanishka Singh Editing by Mary Milliken and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

☆ Lisa Marie Presley, daughter of Elvis, rushed to hospital
▼ + stars: | 2023-01-12 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

[1/6] Lisa Marie Presley attends the handprints ceremony for Priscilla Presley, Lisa Marie Presley, Riley Keough, Finley and Harper Lockwood at TCL Chinese theatre in Los Angeles, California, U.S. June 21, 2022. REUTERS/Ringo Chiu/File PhotoLOS ANGELES, Jan 12 (Reuters) - Lisa Marie Presley, a musician and the only daughter of rock 'n' roll legend Elvis Presley, was undergoing treatment after being rushed to a Los Angeles-area hospital on Thursday, her mother said. Presley, 54, suffered cardiac arrest in her home in the Los Angeles suburb of Calabasas, according to website TMZ. TMZ showed a photo of Priscilla Presley arriving at the hospital to be with her daughter. Lisa Marie Presley was born in 1968 and is the owner of her father's Graceland mansion in Memphis, a popular tourist attraction.

☆ Flexport to lay off 20% of its global workforce
▼ + stars: | 2023-01-11 | by ( Riley De León | ) www.cnbc.com time to read: +3 min

Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 4, 2022. Supply chain software startup Flexport is laying off 20% of its global workforce, or roughly 640 employees, according to a memo from co-CEOs Ryan Petersen and Dave Clark. Flexport joins a long list of tech companies cutting jobs after going on a hiring binge during the Covid pandemic. Coinbase announced a 20% workforce reduction on Tuesday. Elon Musk slashed about half of Twitter's workforce after taking the helm as CEO last year, and Meta cut more than 11,000 jobs, or 13%.

☆ A teen endured taunts after reporting a sex assault, but her school didn’t help, complaint says
▼ + stars: | 2023-01-10 | by ( Kate Martin | Kate Martin Is An Enterprise Reporter For Nbc News | Based In North Carolina. | ) www.nbcnews.com time to read: +6 min

“I think this situation is a perfect example of why schools have Title IX obligations,” said Chloe Neely, the lawyer representing Riley in her Title IX complaint. Riley’s Title IX complaint accuses Cherokee County Schools, which has about 2,900 students, of not properly training school staff on how to respond to a complaint of harassment. “There usually aren’t any accountability measures in place to ensure compliance with Title IX,” said Meyer, who was not referring specifically to Cherokee County. The proposed Title IX changes are currently going through a federal review process and could be finalized later this year. Cherokee County Schools only opened its own investigation in early 2022, after Marcella filed the Title IX complaint and more than three months after the alleged assault.

☆ Differentiating end market is key to investment in the semiconductor sector: Portfolio Manager
▼ + stars: | 2023-01-10 | 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 EmailDifferentiating end market is key to investment in the semiconductor sector: Portfolio ManagerTom Riley from AXA IM Equities talks about the key factors to consider when investing in the semiconductor theme in the digital economy.

☆ IPO market remains frozen, but could rebound later this year, tech analyst says
▼ + stars: | 2023-01-10 | by ( Riley De León | ) www.cnbc.com time to read: +3 min

In total, IPO deal proceeds plummeted 94% in 2022 — from $155.8 billion to $8.6 billion — according to Ernst & Young's IPO report published in mid-December. As of the report's publication date, the fourth quarter was on pace to be the weakest of the year. The collapse of the IPO market has caused the pipeline of anticipated public listings to swell. MKM's Rohit Kulkarni is among the few optimists who think the IPO market could rebound later this year, spurred in part by the volume of private companies waiting in the wings to go public when capital becomes more accessible. According to Carta, 22% of companies, both private and public, reduced their valuations in Q3, nearly tripling year-over-year.

Megacap growth stocks Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Microsoft Corp (MSFT.O) gained over 2% each as U.S. Treasury yields declined. The highly awaited U.S. Labor Department's inflation report on Thursday is expected to show some moderation in year-on-year consumer prices in December. Advancing issues outnumbered decliners for a 4.45-to-1 ratio on the NYSE and a 2.54-to-1 ratio on the Nasdaq. The S&P index recorded 12 new 52-week highs and two new lows, while the Nasdaq recorded 107 new highs and 18 new lows. Reporting by Shubham Batra, Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

"The number of jobs created is working its way down slowly and wages are starting to calm down. Money market bets show 75% odds of a 25-basis point hike in the Fed's February policy meeting, with the terminal rate expected just below 5% by June. ET, Dow e-minis were up 103 points, or 0.30%, S&P 500 e-minis were up 16 points, or 0.41%, and Nasdaq 100 e-minis were up 56.75 points, or 0.51%. Macy's Inc (M.N) and Lululemon Athletica Inc (LULU.O) dropped 4.7% and 10%, respectively, following dour holiday-quarter forecasts from both the retailers. Reporting by Shubham Batra, Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Other rate-sensitive growth stocks like Apple Inc (AAPL.O) and Alphabet Inc (GOOGL.O) gained about 1% each as U.S. Treasury yields declined. The gains pushed technology (.SPLRCT) to the top of the major S&P 500 sector indexes list. The S&P 500 growth index (.IGX) was up 3.6%, outperforming a 0.7% rise in its value peers (.IVX). Advancing issues outnumbered decliners for a 3.68-to-1 ratio on the NYSE and a 2.15-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and two new lows, while the Nasdaq recorded 95 new highs and 14 new lows.

☆ NWSL bans four coaches, fines teams after misconduct inquiry
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

Jan 9 (Reuters) - The National Women's Soccer League (NWSL) has handed lifetime bans to four former coaches and fined the Chicago Red Stars and Portland Thorns $1.5 million and $1 million respectively, part of sweeping sanctions from a misconduct inquiry. An independent investigator brought in by U.S. Soccer found last year that abuse and misconduct "had become systemic" in the NWSL. Former North Carolina Courage coach Paul Riley, Racing Louisville coach Christy Holly, Chicago Red Stars coach Rory Dames and Washington Spirit coach Richie Burke will each be subject to "permanent exclusion" from the league. Arnim Whisler, who owns the Red Stars, and Thorns owner Merritt Paulson have agreed to sell their teams. The NWSL is compelling the owners of both teams to hire sporting staff that is "completely distinct" from their respective men's teams.

☆ Instant View: US payrolls show labor market remains strong but wages rises cool
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +5 min

Nonfarm payrolls increased 223,000 last month, the Labor Department said in its closely watched employment report on Friday. Monthly job growth is well above the pace needed to keep up with growth in the working age population. "Through the rest of the report, the average hourly earnings month over month came in at 0.3%. But everything else about this shows a very, very resilient labor market which doesn’t bode well for a smaller rate hike. "Fed will look at these numbers and say that the labor market is still pretty robust and to the extent that they would like to see a bit of slack in the labor market."

☆ Germany and Norway plan hydrogen pipeline
▼ + stars: | 2023-01-05 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —Germany just took a step closer to finding a long-term, greener replacement for Russian natural gas and coal. The power plants, jointly owned by RWE and Equinor, will initially run on natural gas produced in Norway before transitioning to “blue” hydrogen, also produced in Norway using natural gas and pumped through the underwater pipeline, the companies said. The ultimate aim is to generate so-called “green” hydrogen using renewable energy produced by offshore wind farms, they said, without providing target dates. The European Union has a target to build a 40 gigawatt renewable hydrogen production capacity by 2030. Norway is now Europe’s biggest supplier of natural gas, according to EU official statistics.

☆ Fed pause in 2023 will ignite 'risk on' behavior in stocks, says Art Hogan
▼ + stars: | 2023-01-04 | 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 EmailFed pause in 2023 will ignite 'risk on' behavior in stocks, says Art HoganArt Hogan, chief market strategist at B. Riley Wealth Management, joins CNBC's "Power Lunch" to discuss his outlook on the market and the Fed's fight again inflation.

☆ How Gen Z Is Rewriting the Job Rulebook on 'Résumé Gaps', Career Breaks
▼ + stars: | 2023-01-03 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +11 min

Most people are familiar with the scourge of the résumé gap. Young entrants to the workforce are leading a new conversation about the workplace, and the long-scorned résumé gap is no exception. Instead of viewing it as a negative, many Gen Zers are arguing that career breaks are positive and forcing employers to reconsider their preconceived notions about the résumé gap. The pesky résumé gapWhile job candidates have papered over résumé gaps for years, taking a break during the long march of a career is not uncommon. For those looking at working well into their 70s, a career gap, or two, simply makes sense.

☆ I sell feet pics. It's easy money, and I get lots of requests — from oily toes to visiting Walmart barefoot.
▼ + stars: | 2022-12-31 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +5 min

She didn't have time to get a second job, and she said feet pics are "pretty easy money." Along with juggling my social life, academics, and working at a lab on campus, I also sell feet pictures (more commonly known as "feet pics") online. I always knew people sold feet pics online because the idea of it has been part of the cultural zeitgeist for years. Through my feet pics hustle, I make a couple of hundred dollars each month, which I use as spending money. He knows that I sell feet pics, and it doesn't bother him.

☆ Republicans went after BlackRock and sustainable investing in 2022. Meet 12 officials crusading against 'woke capitalism.'
▼ + stars: | 2022-12-28 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +14 min

A group of vocal conservative officials are criticizing aspects of ESG investing. Players in the ESG ecosystem, like S&P Global and BlackRock, the world's largest money manager and an influential proponent of ESG investing, are often the subject of their critiques. Instead, officials often paint large financial firms' ESG strategies as functions of left-leaning agendas. Here are key GOP players who are taking aim at ESG investing. Abbott, who is seeking reelection in November, was early to denouncing ESG investing.

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