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☆ $1.4 billion Stash just announced its new CEO, who's focused on getting the company in a 'great position' for a potential IPO
▼ + stars: | 2023-02-02 | by ( Paige Hagy | ) www.businessinsider.com time to read: +4 min

The financial-technology company, which offers investing, trading, and savings features for its 2 million users via a subscription-based model, announced Liza Landsman as its new CEO on Thursday. She succeeds Stash cofounder Brandon Krieg, who is staying at the company as head of business development. When Insider asked Landsman about future plans for Stash — raising more funds, looking to be acquired, or going public — the new CEO honed in on an IPO. Cofounder and former CEO Krieg is stepping into a new position within the company as head of business development. He'll lead the development of a new business-to-business channel that will allow Stash users to access funds on the app through their employers.

☆ FedEx to cut senior jobs as part of larger staff reduction
▼ + stars: | 2023-02-01 | by ( Lisa Baertlein | ) www.reuters.com time to read: +3 min

FedEx did not say how many positions would be affected by the new layoffs. In mid-September, FedEx pulled its profit forecast and shares swooned more than 20% - the largest single-day drop in the company's 50-year history. But those numbers only tell part of the story because they exclude roughly FedEx 6,000 contractors and their workers, who handle most of the FedEx Ground's home delivery business. FedEx already has temporarily furloughed workers at its trucking division FedEx Freight as the pandemic-fueled e-commerce delivery bubble deflates and recession threatens, joining transportation-focused companies ranging from delivery upstart Amazon.com (AMZN.O) and trucking company C.H. Robinson Worldwide (CHRW.O) to freight broker Uber Freight and freight forwarding startup Flexport in announcing layoffs.

☆ Stocks making the biggest moves after hours: Meta, Align Technology, e.l.f Beauty and more
▼ + stars: | 2023-02-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts' estimates for fourth-quarter revenue, according to Refinitiv. Align Technology — Shares of the orthodontics company gained 14% after the company beat analysts' estimates in its latest quarter. e.l.f Beauty – The cosmetics company's shares leapt 11% after e.l.f Beauty exceeded analysts' estimates in its fiscal third quarter. That compares with analysts' estimates of $1.38 in per-share earnings on $5.68 billion in revenue.

☆ C.H. Robinson misses profit estimates as freight prices fall
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

Feb 1 (Reuters) - Logistics company C.H. Robinson Worldwide Inc (CHRW.O) on Wednesday reported a lower-than-expected quarterly adjusted profit as a sagging economy hurt freight demand and prices. Shares of the company fell about 4% to $98.0 after the bell. Rising interest rates and fears of a recession have choked consumer spending in a blow to shipment volumes in the global logistics industry. "Prices for ground transportation and global freight forwarding are declining due to the changing balance of supply and demand," interim Chief Executive Scott Anderson said in the company's earnings release.

☆ Jim Cramer says J.M. Smucker is the only new 'dividend aristocrat' worth buying
▼ + stars: | 2023-01-31 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday said that investors should consider adding J.M. Smucker stock to their shopping lists. Robinson and J.M. Smucker qualified for the S&P 500 Dividend Aristocrats and will be added to the index on Feb. 1, the S&P Dow Jones Indices said earlier this month. Smucker stock is also a great choice for investors worried about how the Federal Reserve's interest rate hikes could slow down the economy, he added.

☆ Former NZ prop Johnstone becomes first All Black to come out as gay
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +2 min

[1/2] Crusaders Campbell Johnstone scores a try during their Super 14 rugby match against the Brumbies in Christchurch May 12, 2006. REUTERS/Simon BakerJan 30 (Reuters) - Former New Zealand prop Campbell Johnstone has become the first All Black to come out as gay, saying on a television programme on Monday he had been "living a lie" and leading "a double life" before acknowledging his sexuality. "If I can be the first All Black that comes out as gay and take away the pressure and stigma surrounding the issue it can actually help other people," Johnstone said. Johnstone made his debut against Fiji and played two tests against the British and Irish Lions. New Zealand Sports Minister and former deputy Prime Minister Grant Robertson, who is gay, thanked Johnstone for "blazing this trail" and said his announcement was "a big moment".

☆ Novak Djokovic Wins the Australian Open, His 22nd Major Title
▼ + stars: | 2023-01-29 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

MELBOURNE, Australia—It took nearly two years, but Novak Djokovic has resumed normal service. He is an Australian Open champion again. On Sunday, Djokovic capped a two-week display of total mastery and brutal efficiency by beating No. 3 seed Stefanos Tsitsipas of Greece 6-3, 7-6(4), 7-6(5) to win the 10th Australian Open of his career. The victory also secured a 22nd major title for Djokovic, 35, tying the all-time men’s record held by 36-year-old Rafael Nadal and leaving the retired Roger Federer two behind them.

☆ Biden's semiconductor push has states jockeying for federal cash
▼ + stars: | 2023-01-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +10 min

The prospect of that much cash has sparked a scramble among states to pitch themselves as the best place to spark a semiconductor boom. In anticipation of the federal funds, semiconductor companies have already been making billions of dollars in commitments. President Joe Biden arrives for a ceremony at the groundbreaking of the new Intel semiconductor manufacturing facility near New Albany, Ohio, on Sept. 9, 2022. The Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, on Dec. 6, 2022. But scaling up a U.S. semiconductor industry in a matter of years rather than decades is rife with challenges, said industry leaders.

☆ Aryna Sabalenka Wins Australian Open, Her First Major Title
▼ + stars: | 2023-01-28 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

MELBOURNE, Australia—For the past two seasons of her career, Aryna Sabalenka had been the semifinal specialist of women’s tennis. She would muscle her way through the draw, all the way to the final four, and give herself a shot to claim a Grand Slam title. Then she would fall apart.

☆ Here comes the biggest week of earnings. Plus an AI ode to the Dow
▼ + stars: | 2023-01-28 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. 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.

☆ Some CEOs are pushing workers to return to the office, but it could come with a cost: hurting diversity
▼ + stars: | 2023-01-28 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +6 min

But remote work has benefited many people with disabilities, many Black workers, and others. But Dimon appears more bearish when it comes to another measure that's been shown to promote diversity: remote work. Citadel CEO Ken Griffin slammed remote work at a conference last year, saying innovation and creativity declines because of it. The shift to remote work has been especially helpful for people with physical difficulties and mobility limitations. MoMo Productions/Getty ImagesSome Black workers report facing less discrimination and fewer microaggressions working from home than when they're at the office.

☆ Novak Djokovic Reaches Another Australian Open Final Despite Injury and Controversy
▼ + stars: | 2023-01-27 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

MELBOURNE, Australia—Novak Djokovic likes to be very clear about what is and isn’t in his control. When he comes into the Australian Open feeling some discomfort in his hamstring, he can adjust. When fans are heckling him too much, he can make the umpire ask them to be quiet. And when his father is photographed on the grounds of the tournament alongside Russian fans who openly support President Vladimir Putin, Djokovic distances himself.

☆ FDA proposal would allow gay men in monogamous relationships to donate blood
▼ + stars: | 2023-01-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Under the guidelines proposed on Friday, gay and bisexual men who are in monogamous relationships would be allowed to donate blood. The FDA had imposed a lifetime ban on men who have sex with men donating blood during the AIDS crisis in the 1980s. The agency had eased the ban in 2015, allowing gay and bisexual men to donate blood if they had not had sex in the previous year. The American Medical Association had criticized the FDA's restrictions on gay men donating as discriminatory. Those taking injections to prevent HIV would not be allowed to donate blood for two years following their most recent injection.

☆ An Australian Open Women’s Final Built for Power
▼ + stars: | 2023-01-26 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

Elena Rybakina has one of the most powerful serves in the women’s game. MELBOURNE, Australia—The most dangerous weapon in women’s tennis is heading to another Grand Slam final. Elena Rybakina’s serve—a fluid, ferocious action that tops out at more than 120 mph—had already carried her to an unexpected title at Wimbledon last summer. Now Rybakina is back in a groove at the Australian Open and aiming to claim a second major title in the space of six months when she faces world No. 5 Aryna Sabalenka in Saturday’s final here.

☆ The Rugby Giant Who Protects the Eagles’ Blind Side
▼ + stars: | 2023-01-26 | by ( Joshua Robinson | Andrew Beaton | ) www.wsj.com time to read: 1 min

MELBOURNE, Australia—The biggest player in this NFC Championship game is a 6-foot-8, 365-pound lineman who grew up playing the wrong sport. Long before he was dwarfing the NFL’s most menacing pass rushers, Jordan Mailata’s real dream was to play professional rugby league in his native Australia. The only problem was that even rugby league thought he was too huge.

☆ You Call That Snow?! See How This Winter Stacks Up.
▼ + stars: | 2023-01-26 | by ( Francesca Paris | ) www.nytimes.com time to read: +7 min

If so, you’re not alone: It has been a dreary winter for children hoping for snow days and grown-up snow enthusiasts alike on the East Coast. More than 50 years of snowfall in … Interactive line chart showing cumulative snowfall for each winter season over 50 years, as well as the median snowfall for all seasons. Line chart showing Philadelphia’s cumulative snowfall for each winter season over 50 years. Loading dataLine chart showing Boston’s cumulative snowfall for each winter season over 50 years. Milwaukee Pittsburgh Providence, R.I. Pueblo, Colo. Richmond, Va. Rockford, Ill. St. Louis Topeka, Kan. About normal snow Anchorage Boise, Idaho Colorado Springs Columbia, Mo.

☆ The Last American Standing at the Australian Open Faces the Toughest Test in Tennis
▼ + stars: | 2023-01-25 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

MELBOURNE, Australia—Round after round at this Australian Open, young American men seemed to be having their best-ever major tournaments. They took down seeded opponents and rolled into the second week. Four of them reached the round of 16. But as the first Grand Slam of the year heads into the semifinals on Friday here, only one American remains: a 25-year-old from New Jersey named Tommy Paul. He defeated fellow American Ben Shelton in their heavy-hitting quarterfinal, 7-6(6), 6-3, 5-7, 6-4, on Wednesday.

☆ Ukraine War Moves ‘Doomsday Clock’ 10 Seconds Closer to Midnight
▼ + stars: | 2023-01-25 | by ( Associated Press | ) www.wsj.com time to read: 1 min

The Bulletin of the Atomic Scientists on Tuesday unveiled their updated ‘Doomsday Clock,’ which is now 90 seconds to midnight. With Russia’s invasion of Ukraine and the specter of nuclear weapon use, Earth crept its closest to Armageddon, a science-oriented advocacy group said, moving its famous “Doomsday Clock” up to just 90 seconds before midnight. “We are really closer to that doomsday,” former Mongolian President Elbegdorj Tsakhia said Tuesday at the Bulletin of Atomic Scientists annual announcement rating how close humanity is from doing itself in. He and former Ireland President Mary Robinson joined scientists to underscore what they consider a gathering of several existential threats, with Russian leader Vladimir Putin’s actions and words chief among them.

☆ Precision Neuroscience, co-founded by Neuralink alum, is creating a brain implant thinner than a human hair
▼ + stars: | 2023-01-25 | by ( Ashley Capoot | ) www.cnbc.com time to read: +5 min

Precision was co-founded by Benjamin Rapoport, who also co-founded Elon Musk's BCI company, Neuralink , and Michael Mager. But while Neuralink's BCI is designed to be implanted directly into the brain tissue, Precision relies on a surgical technique that is designed to be less invasive. A BCI is a system that deciphers brain signals and translates them into commands for external technologies, and several companies have successfully created devices with this capability. The device is called the Layer 7 Cortical Interface , and it's a brain implant that aims to help patients with paralysis operate digital devices using only neural signals. "I think that the brain is, in a lot of ways, the next frontier for modern medicine," he said.

☆ Three new stocks gain entry to the Dividend Aristocrat elite, which outperformed in 2022
▼ + stars: | 2023-01-25 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Smucker have made the cut for the S & P 500 Dividend Aristocrats and will be added to index as of Feb. 1, S & P Dow Jones Indices announced Tuesday. Nordson, which joined the S & P 500 last year, has actually had 42 straight years of dividend raises, according to S & P Dow Jones Indices data. NOBL 5Y mountain The NOBL fund has a solid long-term track record and outperformed during 2022's bear market. All three have outperformed the S & P 500 over the past 12 months. ProShares also offers an S & P Technology Dividend Aristocrats ETF (TDV) , which lowers the bar to seven straight years of dividend hikes.

☆ Greece’s Tennis Star Settles In at His ‘Home’ Major—in Australia
▼ + stars: | 2023-01-24 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

MELBOURNE, Australia—On a balmy night in Melbourne last week, Stefanos Tsitsipas was buoyant about his chances at the Australian Open. With the crowd at his back, he had just put on another commanding display. Now he wanted to commune with his fans at Rod Laver Arena. Tsitsipas approached the front rows of the stands and his supporters reached out for autographs. He reached back with pre-signed postcards.

The hands of the Doomsday Clock are closer to midnight than ever before, with humanity facing a time of “unprecedented danger” that has increased the likelihood of a human-caused apocalypse, a group of scientists announced Tuesday. “We are living in a time of unprecedented danger, and the Doomsday Clock time reflects that reality,” Rachel Bronson, president and CEO of the Bulletin of the Atomic Scientists, said in a statement, adding that “it’s a decision our experts do not take lightly.”The Bulletin of Atomic Scientists set the Doomsday Clock at 90 seconds to midnight on Tuesday. When it was unveiled in 1947, the clock was set at 7 minutes to midnight, with “midnight” signifying human-caused apocalypse. In 2020, the Bulletin set the Doomsday Clock at 100 seconds to midnight, the first time it had moved within the two-minute mark. The Bulletin of Atomic Scientists was founded in 1945 to examine global security issues related to science and technology.

☆ Uber Freight laying off 150, about 3% of workforce
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: 1 min

Jan 24 (Reuters) - Uber Freight said Tuesday it will lay off roughly 150 employees, or about 3% of its workforce, as economic uncertainty hammers demand for shipping services. The division of rideshare company Uber Technologies (UBER.N) said the layoffs will be limited to its digital brokerage operations that match shippers with truckers seeking to haul cargo. With the move, Uber Freight joins trucking firm C.H. Robinson Worldwide (CHRW.O), freight forwarding startup Flexport, and financial services and technology firms in shedding jobs this year. Reporting Nivedita Balu in Bengaluru and Lisa Baertlein in Los AngelesOur Standards: The Thomson Reuters Trust Principles.

☆ Putin's nuclear threats move Doomsday Clock closest ever to Armageddon, atomic scientists say
▼ + stars: | 2023-01-24 | by ( Christina Wilkie | ) www.cnbc.com time to read: +3 min

The 2023 Doomsday Clock is displayed before a live-streamed event with members of the Bulletin of the Atomic Scientists on January 24, 2023 in Washington, DC. The group has been measuring real and existential threats to humankind, from climate change to the prospects of nuclear war, for more than 70 years. The renewed global threat of nuclear war was compounded by the ongoing Covid pandemic, experts noted. The Bulletin of the Atomic Scientists was founded in 1945 by the late physicist and Nobel laureate Albert Einstein, as well as scientists who worked on the Manhattan Project to build the first atomic bomb. The clock's threats "focus on manmade threats: nuclear risk, climate change and new disruptive technologies, including bio technologies," said Bronson.

☆ MoviePass CEO Stacy Spikes on his plans to relaunch the service (for real) and bring back an unlimited option
▼ + stars: | 2023-01-24 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +20 min

Stacy Spikes told Insider he plans to put MoviePass out of beta and make it available for all by the summer. You would think Spikes would want to run as far away as possible from the movie-ticket-subscription startup. Before Stacy Spikes created MoviePass he created the Urbanworld Film Festival. I wanted to put that down because I see so many times people approach me and think MoviePass was my first business. MoviePassThe MoviePass beta version is focused on the credits system, e-ticketing, and fixing bugsWhat have been the biggest challenges in getting this beta version of MoviePass off the ground?

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