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☆ These consumer stocks may have underpriced options ahead of earnings, Goldman says
▼ + stars: | 2023-02-26 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Uncertainty in the consumer sector has created a potential options opportunity for investors in the final weeks of earnings season, according to Goldman Sachs. The average large-cap Consumer Staples stock has moved +/-3.7% on the day of earnings, inline with options implied moves and above the 17-year average of +/-3.2%," the note said. Additionally, Goldman analyzed the components of SPDR's consumer discretionary ETF (XLY) and consumer staples ETF (XLP) and found there are several stocks in both groups whose options are implying unusually low volatility, according to Goldman. "One-month implied volatility on the average XLY stock is only in its 44th percentile relative to the past year, despite upcoming earnings (35th percentile for the XLY ETF). The companies below are scheduled to report earnings before the next monthly options expiration date on March 17 and have options prices that are implying below average volatility.

☆ A single mother escaped Kyiv with her 5-year-old at the onset of the Russian invasion. She is one of 8 million refugees who can only dream of returning home.
▼ + stars: | 2023-02-26 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

Kseniya Kharchenko and her then 5-year-old son fled Kyiv a day after the start of the invasion. And yet, Before the war, her ex-husband had called her paranoid over her fears of an invasion — Kharchenko said she was waiting for the war to begin for months. "I was so frightened, I really was," Kharchenko told Insider, thinking about how she and her son would survive. The act of protecting her son's life, Kharchenko told Insider, brings her strength and gives her purpose when she feels overwhelmed by the events of the last year. I have a fantasy," Kharchenko told Insider.

☆ Inflation takes a back seat to earnings next week as stocks look to bounce back
▼ + stars: | 2023-02-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +7 min

The latest Fed projection for the so-called terminal rate — the level where the rate hikes stop — was just over 5%. Before this past week, those intraday levels hadn't been seen since November 2022. ET: ISM Services Looking back January's hot reading on core PCE on Friday was the most influential economic number of the past week. In Club earnings this past week, Nvidia (NVDA) was certainly the highlight. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks are reversing course as inflation looks sticky with more retail earnings on deck
▼ + stars: | 2023-02-24 | by ( Jesse Pound | ) www.cnbc.com time to read: +5 min

The optimism about inflation and the U.S. economy is quickly waning on Wall Street, and the early 2023 rally for stocks is fading. The market was under pressure again on Friday after a hotter-than-expected reading for personal consumption expenditures, sending rates higher and stocks lower. Economic updates Next week brings a new round of economic indicators to see how the sticky inflation is affecting consumers and business. Other looks at the economy will come through key earnings reports. Speech by Fed Governor Christopher Waller Friday: 9:45 a.m. Markit Services PMI 10:00 a.m. ISM Services PMI 3:00 p.m.

☆ Microsoft cofounder Bill Gates says the rise of AI poses a threat to Google's search engine profit
▼ + stars: | 2023-02-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Bill Gates said in a podcast Google's search engine profits could fall as Microsoft moves into AI. Gates said AI is the "biggest thing in this decade" and could reshuffle the tech space. Microsoft unveiled an AI-powered Bing in a challenge to Google's search engine dominance. His comments came two weeks after Microsoft unveiled an AI-powered version of its Bing search engine, which pits itself as a challenger to Google's dominance in the search space. Just as Microsoft launched Bing, Alphabet — Google's parent company — also unveiled an AI service called Bard.

☆ 'We have to be prepared,' Norway's foreign minister says of nuclear risks
▼ + stars: | 2023-02-22 | by ( Silvia Amaro | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We have to be prepared,' Norway's foreign minister says of nuclear risksNorway and its neighbors "have to be prepared" for rising nuclear risks, following Russia's decision to suspend its nuclear-arms treaty with the U.S., Norwegian Foreign Minister Anniken Huitfeldt tells CNBC.

☆ Norway's Pettersen named Europe captain for 2024 Solheim Cup
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

Feb 21 (Reuters) - Suzann Pettersen will return as captain of the European team at the Solheim Cup in 2024, the Ladies European Tour (LET) announced on Tuesday, with the Norwegian saying the move will offer players "more consistency". Pettersen is already serving as captain for the 2023 European team that will face the United States at the Sept. 22-24 Solheim Cup at Finca Cortesin in Andalucia, Spain. "I love the Solheim Cup and it's such a unique honour to be asked to captain Team Europe again in 2024," Pettersen said. Europe are champions after edging the United States 15-13 at Inverness Club in Ohio in 2021 to retain the Solheim Cup. Robert Trent Jones Golf Club in Gainesville, Virginia, will host the 2024 Solheim Cup.

☆ I've sailed on 4 different cruise ships each from a different cruise line in the last year. Here are my top 6 tips the make the most out of a trip as someone who doesn't like to travel by sea.
▼ + stars: | 2023-02-20 | by ( Brittany Chang | ) www.businessinsider.com time to read: 1 min

Pre-book onboard dining and entertainment as soon as possible. Brittany Chang/InsiderAll of my cruise travels have been on sailings exclusive to media and booking agents. As a result, my trips have either been covered or discounted by the cruise line. In my experience, you may have to pre-reserve your onboard dining or entertainment. If you're a picky eater or have a set schedule, I recommend booking your meals and shows as soon as possible.

☆ Factbox-Five facts about missing star Chinese dealmaker and his firm
▼ + stars: | 2023-02-18 | by ( Xie Yu | ) www.reuters.com time to read: +2 min

HONG KONG (Reuters) - Well-known Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive in the country, unnerving investors. FILE PHOTO: Fan Bao founder and CEO of China Renaissance speaks at the WSJD Live conference in Laguna Beach, California October 25, 2016. Here are five facts about Bao and his firm --* Bao entered China’s prestigious Fudan University in 1989, and later received his master’s degree from the BI Norwegian School of Management. Its investment management business has assets worth around 48.6 billion yuan by the end of last June. It earned $20.6 million in Chinese related investment banking fees in 2022, down from $43.13 million a year earlier.

☆ Cruise lines are raising gratuity and other fees amid a historic flood of cheap cruises
▼ + stars: | 2023-02-18 | by ( Brittany Chang | ) www.businessinsider.com time to read: +3 min

Cruise lines like Carnival and Norwegian have either raised daily gratuities, WiFi fees, or both. Cruise lines have seen an increase in onboard spending as they continue to add more premium amenities and dining. Others, like Norwegian Cruise Line, are raising the daily tip rate up to $5 for passengers staying in higher-end staterooms and suites. Meanwhile, Carnival has raised both daily gratuity and WiFi fees, the latter by $5 for premium WiFi. An increase in WiFi fees is just a "natural inflationary price increase," Patrick Scholes, an analyst at Truist Securities, told Insider.

☆ Factbox: Five facts about missing star Chinese dealmaker and his firm
▼ + stars: | 2023-02-18 | by ( Xie Yu | ) www.reuters.com time to read: +2 min

HONG KONG, Feb 18 (Reuters) - Well-known Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd (1911.HK), has gone missing in the latest disappearance of a top business executive in the country, unnerving investors. Here are five facts about Bao and his firm --* Bao entered China's prestigious Fudan University in 1989, and later received his master's degree from the BI Norwegian School of Management. Its investment management business has assets worth around 48.6 billion yuan by the end of last June. * The firm is currently ranked ninth on China's equity capital markets league table for 2023, according to Refinitiv. It earned $20.6 million in Chinese related investment banking fees in 2022, down from $43.13 million a year earlier.

"If we talk about the war through the means of art, this wound will be able to heal much faster. Theatre allowed people to experience trauma in "a non-traumatic way," added Borovenskiy, whose troupe performs in English. A bomb shelter in World War Two, it is now an "art shelter," Borovenskiy says. In the early days of the Ukraine war, 40 people and seven cats lived there to stay safe, and actors rehearsed among them for "The Book of Sirens". Borovenskiy said Milward's visit was "an example of international theatre support and solidarity" that he hopes will be cemented by Ukraine's first fringe theatre festival.

LONDON, Feb 17 (Reuters) - London Fashion Week kicked off on Friday, with organisers dedicating the five-day event to late designer Vivienne Westwood, who died in December. "She is the embodiment of our extraordinary industry," British Fashion Council (BFC) chair David Pemsel told London's Evening Standard newspaper. [1/12] Models present creations during the Paul Costelloe catwalk show during London Fashion Week, in London, Britain, February 17, 2023. Highlights this season include designer Daniel Lee's debut at Burberry, while a BFC initiative with Ukraine Fashion Week will see three Ukrainian designers presenting their creations. "Fashion needs to be continually evaluating what it's giving back," Natasha Bird, ELLE UK’s Executive Editor (Digital), told Reuters.

☆ Ukraine's Zelenskiy thanks Norway for $7 bln in aid over five years
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

[1/3] Norway's Prime Minister Jonas Gahr Stoere and Ukraine's President Volodymyr Zelenskiy shake hands before a meeting, as Russia's attack on Ukraine continues, in Kyiv, Ukraine July 1, 2022. Speaking via video link from Kyiv, Zelenskiy said Norway's decision set a precedent for "sustainable support", calling it a "historic contribution". Russia will not overcome our unity, the unity of all those that cherish freedom." Those who are here today, we are with Ukraine today," Prime Minister Jonas Gahr Stoere said. For 2023, half the package will fund military aid to Ukraine and the rest is to go to humanitarian assistance, although this breakdown could change in coming years.

LONDON, Feb 16 (Reuters) - Norway has seized a record $5.8 million worth of cryptocurrency that was stolen by North Korean hackers last year, Norwegian police said in a statement on Thursday. North Korean hackers stole $625 million in March 2022 from a blockchain project linked to the crypto-based game Axie Infinity. "This is money that can be used to finance the North Korean regime and their nuclear weapons programme," Norway's senior public prosecutor, Marianne Bender, said in a statement. North Korea has denied allegations of hacking or other cyberattacks. Norway's national economic crime unit, known as Okokrim, said it had seized 60 million Norwegian crowns ($5.84 million) in "one of the largest seizures of money ever made in Norway" and a record amount for a crypto seizure.

☆ The most dangerous cruise routes, ports, and destinations are in parts of the world where conditions are unpredictable — and help is nowhere nearby, travel analysts say
▼ + stars: | 2023-02-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +10 min

But some cruise destinations and routes are prone to dangerous conditions and risky activity. These are some of the most dangerous cruise locations around the world. AntarcticaThe world's southernmost continent is among the most beautiful — and dangerous — cruise destinations, according to Chiron and Klein. Cruise passengers during a lifeboat drill in the Northwest Passage near Nunavut, Canada. National Park Service via APCruise lines avoid dangerous portsWhile rough seas and high winds can make ocean travel dangerous, uncertainties on land pose their own risks for visitors.

☆ Norwegian payment app Vipps takes on Apple, wants EU antitrust action
▼ + stars: | 2023-02-15 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, Feb 15 (Reuters) - Norwegian mobile payment app Vipps wants European Union (EU) antitrust regulators to force Apple (AAPL.O) to allow access to its tap and go technology without any restrictions so that other companies can be more competitive, Vipps Chief Executive Rune Garborg said. "Apple is only sharing NFC with banks, which have to pay for installing their cards in Apple Pay. Vipps said NFC access would increase the geographical reach of its mobile wallet, make it easier to innovate products and better enable cross-border transactions. The company has previously said that Apple Pay is one of many options available to European consumers and which has ensured equal access to its technology. Vipps said it tried several alternatives to NFC but found them cumbersome and not competitive.

STOCKHOLM, Feb 14 (Reuters) - Scandinavian airline SAS (SAS.ST) said it was hit by a cyber attack Tuesday evening and urged customers to refrain from using its app but later said it had fixed the problem. News reports said the hack paralysed the carrier's website and leaked customer information from its app. Karin Nyman, head of press at SAS, told Reuters at 2035 GMT that the company was working to remedy the attack on its app and website. "We aren't able to say a lot more right now as we are right in the attack right now," she said, adding that the app was at that point working fine. According to TT, customers who tried to log into the SAS app were logged onto the wrong accounts and had access to personal details of other people.

☆ European shares up as travel stocks shine, Thyssenkrupp slides
▼ + stars: | 2023-02-14 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

The continent-wide STOXX 600 index (.STOXX) rose 0.4%, while European travel & leisure stocks (.SXTP) advanced 0.8%. TUI's German-listed shares (TUIGn.DE) rose 2.5%, with its shares listed in London adding 2.5% after the company reported more bookings and higher first-quarter revenue. In Europe, a flash reading of fourth quarter GDP is also on the radar on growing hopes that the euro zone economy most likely avoided a recession. The STOXX 600 has risen over 9% so far this year led by better-than-expected earnings and a brighter outlook for the euro zone economy. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

[1/4] A Russian police officer stands in front of a branch of the Raiffeisen Bank in Moscow, Russia, February 27, 2016. It made a net profit of roughly 3.8 billion euros last year, thanks in large part to a 2 billion euro plus profit from its Russia business. Of UniCredit's more than 20 billion euro total revenue last year, Russia accounted for more than 1 billion euros. Meanwhile, Russian savers lodged more than 20 billion euros with the bank, which offers a place to deposit funds with fewer sanctions risks. It banned investors from so-called unfriendly countries from selling shares in banks, unless the Russian President grants an exemption.

☆ Morgan Stanley says Biden-backed green subsidies will boost this little-known hydrogen stock
▼ + stars: | 2023-02-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of Norway's Nel Hydrogen are expected to rise by more than 20% thanks to the latest set of green subsidies in both the U.S. and Europe, according to Morgan Stanley. Morgan Stanley says Nel shares, which trade in the U.S. and Europe , will rise to 22 Norwegian Kroner ($2.15) over the next 12 months. Apart from the sectoral tailwinds, Nel shares also benefit from being one of the few listed green hydrogen companies, said the analysts. Morgan Stanley is also bearish on ITM Power's stock, which is one of the few viable alternatives, according to the bank. However, Morgan Stanley believes sentiment has hit rock bottom, and shares of the company are likely to rise from the current level.

☆ The claim by a discredited journalist that the US secretly blew up the Nord Stream pipeline is proving a gift to Putin
▼ + stars: | 2023-02-09 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

Once-celebrated journalist Seymour Hersh made unproven claims the US blew up the Nord Stream pipelines. In Russia, Hersh's story was immediately greeted with a sense of vindication. Biden had said he opposed opening the Nord Stream 2 pipeline and saying the US could "bring an end to" it if Russia invaded Ukraine. The invasion did take place, and officials in Germany — where the pipeline was due to pump its gas — axed the project before Nord Stream 2 moved any gas. Nord Stream 1 kept pumping until the explosion.

With net profit for the year of $28.7 billion, up from $8.6 billion a year earlier, Equinor joined global oil and gas majors such as ExxonMobil (XOM.N), Shell (SHEL.L) and BP (BP.L) in reporting record returns for 2022. Majority state-owned Equinor (EQNR.OL) became Europe's largest supplier of natural gas last year as Russia's Gazprom (GAZP.MM) cut deliveries over the West's support for Ukraine, sending European gas prices to all-time highs. But gas prices have tumbled in 2023 and Equinor's Oslo-listed stocks have fallen 9% year-to-date, underperforming a 3.3% rise in European petroleum stocks (.SXEP). The board reaffirmed a regular share buyback plan of $1.2 billion per year and said it would make an extraordinary buy back in 2023 of $4.8 billion, for a total of $6 billion. Equinor's previous adjusted earnings record was $36.2 billion in 2008, when North Sea oil prices hit record highs.

☆ Equinor shares soar on record 2022 profit, Q4 beat
▼ + stars: | 2023-02-08 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +4 min

Net profit for the year was $28.7 billion, up from $8.6 billion a year earlier. The company joined global oil and gas majors such as ExxonMobil (XOM.N), Shell (SHEL.L) and BP (BP.L) in reporting record bottom lines. Equinor's previous adjusted earnings record amounted to $36.2 billion in 2008, when the price of North Sea oil had risen to record highs. Equinor said it expected capital spending for 2023 at between $10 billion and $11 billion, broadly in line with a previous plan. It raised it spending projection for the next three years to $13 billion per year from $12 billion seen before.

"Judging by the customs statistics, some of the benefit was captured by refiners in India and China, but the main beneficiaries must be oil shippers, intermediaries and the Russian oil companies," he added. As a further complication, some Russian oil grades, including Pacific grade ESPO, are also worth more than Urals. After decades of low profits or losses, sections of the global shipping industry are enjoying a financial boom from moving Russian oil. A year ago, a similar journey would have cost a seller of Russian oil $0.5-$1.0 million depending on shipping rates. Nayara is 49%-owned by Russian state oil major Rosneft, run by Putin's ally Igor Sechin, meaning some of the profits are indirectly captured by Russia.

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