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☆ Bank of Canada to hold rates steady at 4.50% through this year
▼ + stars: | 2023-03-03 | by ( Milounee Purohit | ) www.reuters.com time to read: +3 min

All 32 economists polled Feb. 24 to March 3 expect the BoC to hold its overnight rate at 4.50% on March 8. A majority forecast the BoC to keep it there for the rest of 2023, despite several more rate hikes expected from the U.S. Federal Reserve. In the meantime, Canada inflation data are headed in the right direction. "Well, the interesting thing could be in the tone of the statement," said Brown, who expects a hawkish tone. "The Federal Reserve's continued rate hikes will eventually make their way into Canadian inflation through exchange rates...so that will certainly push the Bank of Canada to do more," said Shelly Kaushik, an economist at BMO Capital Markets.

☆ Software is still too expensive, says VantageRock's Avery Sheffield
▼ + stars: | 2023-02-06 | 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 EmailSoftware is still too expensive, says VantageRock's Avery SheffieldAvery Sheffield, VantageRock co-founder, joins 'Closing Bell: Overtime' to discuss the markets and if it's time for investors to go on the offensive.

☆ Watch CNBC’s full interview with Vantage's Avery Sheffield, New York Life’s Lauren Goodwin and Wells Fargo’s Sameer Samana
▼ + stars: | 2023-02-06 | 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 EmailWatch CNBC’s full interview with Vantage's Avery Sheffield, New York Life’s Lauren Goodwin and Wells Fargo’s Sameer SamanaVantage's Avery Sheffield, New York Life’s Lauren Goodwin and Wells Fargo’s Sameer Samana, join 'Closing Bell: Overtime' to discuss the markets and whether it's time for investors to go on the offensive in the market.

☆ Be cautious on 'growthy' names, warns VantageRock's Avery Sheffield
▼ + stars: | 2022-12-16 | 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 EmailBe cautious on 'growthy' names, warns VantageRock's Avery SheffieldAvery Sheffield, VantageRock co-founder, joins 'Closing Bell: Overtime' to discuss the big week in the markets and sell-off opportunities.

☆ Watch CNBC’s full interview with VantageRock's Avery Sheffield
▼ + stars: | 2022-12-16 | 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 EmailWatch CNBC’s full interview with VantageRock's Avery SheffieldAvery Sheffield, VantageRock co-founder, joins 'Closing Bell: Overtime' to discuss the big week in the markets and sell-off opportunities.

The bank cited still-strong growth and tight labor markets as the reason for the latest increase. But it eliminated the forward guidance it has used since it began cranking rates higher in March, dropping language that said they would have to rise further. Money markets had bet on a 25-basis-point increase, but a slim majority of economists in a Reuters poll expected a 50-bps move. Overall, however, the central bank said that data supported its October forecast that growth would stall through the middle of next year. Additional reporting by Fergal Smith in Toronto, Editing by Sandra Maler, Kirsten Donovan and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Is the worst over for bitcoin and the rest of crypto?
▼ + stars: | 2022-12-04 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

This is not the first crypto winter, as long-term fans of bitcoin can attest. “It is very clear that we as an industry need to build better products,” said Hany Rashwan, CEO of 21.co, a crypto investment firm. That’s about triple where prices were during the depths of the crypto bear market in the early pandemic days of 2020. Others point out that the underlying blockchain technology behind bitcoin and crypto remains solid. Pride and Reynolds added that it’s erroneous to think that bitcoin can hold up well during stock market volatility.

☆ Cooling job market doesn't take the heat off the holiday hiring spree
▼ + stars: | 2022-11-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +7 min

Retailers are entering the holiday season amid a swirl of mixed economic signals. That leaves companies expecting another busy shopping season as they continue to grapple with a competitive job market. Before the holiday hiring rush, retailers were already looking to fill 800,000 open positions, according to the retail federation. There are some signs though that the labor market is starting to shift in employers' favor. "This speed is imperative during holiday hiring," John Patterson, Macy’s vice president of talent, said in an email.

☆ Chinese carmakers target more European sales with five-star EVs
▼ + stars: | 2022-11-21 | by ( Nick Carey | ) www.reuters.com time to read: +7 min

"All Chinese EV makers want to achieve Euro NCAP five-star ratings in order to be more competitive in the European market," said Brian Gu, president of Chinese EV maker Xpeng (9868.HK). Perhaps more importantly for sales, high safety ratings also open up the potentially huge corporate car fleet market for Chinese EV makers. European carmakers are also pursuing five-star ratings for their EVs and hybrids, from BMW's (BMWG.DE) iX to Volkswagen's (VOWG_p.DE) ID.4 and ID.5. But almost half the Chinese cars sold were EVs, according to Inovev, giving them a 5.8% share of Europe's fully-electric vehicle market. Inovev vice-president Jamel Taganza said all Chinese cars sold in Europe would be EVs within a few years, with more lower-cost models on the way.

On Sunday the globe’s gaze will turn to the controversial hosts of this year’s soccer World Cup, Qatar. (The Qatar body responsible for putting on the 2022 World Cup has strongly denied these claims.) According to official Qatari figures, 38 migrant workers have died while working on official World Cup projects. An investigation by The Guardian, however, estimates up to 6,500 migrant worker deaths since the World Cup was awarded to the Gulf country, though it’s not clear what their exact relation to World Cup infrastructure was. But the people of the Middle East shouldn’t be punished by having the World Cup tournament withdrawn for the failures of their governments.

☆ Tennessee Amendment 3: Voters will decide on expressly banning slavery, including inside of prisons
▼ + stars: | 2022-11-06 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +2 min

Tennessee Amendment 3 would change language in the state constitution to expressly ban slavery. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA "yes" on Tennessee Amendment 3 would expressly ban slavery in Tennessee — including in prisons. The amendment would replace the previous language with: "Slavery and involuntary servitude are forever prohibited. "Our constitution should reflect our values, and it's important that we not have any loopholes that will say in any circumstance slavery is permissible. "Tennessee's Constitution has expressly prohibited slavery since it was first adopted in 1870, so it's unnecessary to add this amendment to the state constitution.

☆ Investors should look for companies that price for a recession, like retail, says VantageRock's Avery Sheffield
▼ + stars: | 2022-11-04 | 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 EmailInvestors should look for companies that price for a recession, like retail, says VantageRock's Avery SheffieldAvery Sheffield, VantageRock, joins 'Closing Bell: Overtime' to discuss the Fed and her inflation playbook.

☆ Intel's Mobileye unit valued at $21 bln as shares cruise higher in debut
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Shannon StapletonOct 26 (Reuters) - Shares of Mobileye Global Inc (MBLY.O) opened 27% higher on Wednesday, valuing the self-driving technology unit of Intel Corp (INTC.O) at $21.3 billion as investors lapped up what could be the last big IPO of 2022. It also underscores Mobileye's strong financials, analysts said, which attracted investors who have turned selective amid mounting economic challenges. "Investors now place greater focus on companies' free cash flows, revenues/profitability or path-to-profitability, over just growth projections," said Paul Go, global IPO leader at EY. Before being acquired by chipmaker Intel in a $15.3 billion deal in 2017, Mobileye had been listed on the New York Stock Exchange since 2014. On Tuesday, Mobileye was valued at $16.7 billion after selling shares above the marketed range of $18 to $20, to raise $861 million.

☆ US Midterms 2022: 5 States Are Voting to Ban Slavery in Prisons
▼ + stars: | 2022-10-23 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +4 min

Voters in Tennessee, Alabama, Louisiana, Oregon, and Vermont will be voting on changing this legislation. The landmark 13th Amendment to the US Constitution, ratified on December 6, 1865, officially abolished slavery but allowed it to continue as a punishment in prisons against convicted felons. For states in the former Confederacy, the loophole was a tool to maintain the dynamics of slavery, post-abolition, said AP. But in some states, including Alabama, inmates get paid nothing for their work. "For an entire generation, it put Black men and women back into slavery by incarcerating them and selling their labor to private corporations," said Chase.

A Hampton University football player came out publicly as gay, a first for a football player at a historically Black college or university, according to Outsports.com, an LGBTQ sports news site. Byron Perkins, a Division I defensive back for the Hampton University Pirates, came out as gay in an Instagram story shared Wednesday. Perkins told Outsports that he’d like to help other gay Black men who are struggling with their sexuality. “There hasn’t been an out gay football athlete at an HBCU. “I’m sure the young man has heard his fair share of slurs from teammates unaware that he is gay.

☆ There are opportunities in banking like Wells Fargo, says VantageRock's Avery Sheffield
▼ + stars: | 2022-10-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are opportunities in banking like Wells Fargo, says VantageRock's Avery SheffieldAvery Sheffield, VantageRock co-founder and CIO, joins 'Closing Bell: Overtime' to discuss bank stocks and market outlook.

☆ Watch CNBC's full interview with Avery Sheffield, Malcolm Ethridge and Brenda Vingiello
▼ + stars: | 2022-10-14 | 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 EmailWatch CNBC's full interview with Avery Sheffield, Malcolm Ethridge and Brenda VingielloAvery Sheffield, VantageRock co-founder and CIO, Malcolm Ethridge, executive vice president at CIC Wealth, and Brenda Vingiello, CIO at Sand Hill Global Advisors, join 'Closing Bell: Overtime' to discuss semiconductors, inflation, and market.

☆ Google selects Coinbase to take cloud payments with cryptocurrencies and will use its custody tool
▼ + stars: | 2022-10-11 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Google said Tuesday that it will rely on Coinbase to start letting some customers pay for cloud services with cryptocurrencies early in 2023, while Coinbase said it would draw on Google's cloud infrastructure. Over time, Google will allow many more customers to make payments with cryptocurrency, Zavery said. Google had previously indicated in May that it was exploring the possibility of adding support for payments with digital currencies. Blockchain technologies such as nonfungible tokens, or NFTs, have become a bigger focus for Google's cloud division. Previously, Google's cloud chief, Thomas Kurian, has pushed for growth in major industries such as media and retail.

Now, in response to the 1619 Project and its examination of slavery, Texas leaders have created an alternative project that highlights their state’s contributions. Greg Abbott approved a 15-page draft of a document titled the Texas 1836 Project, which is named for the year that Texas declared its independence from Mexico. Nikole Hannah-Jones, creator of the 1619 Project, said the Texas project was a tactic to limit the discussion of slavery. In addition to approving the Texas 1836 Project, in June 2021 Abbott signed a critical race theory bill limiting the teaching of race relations in schools. She said the Texas project was a tactic to limit the discussion of slavery, not to limit discussion of critical race theory.

☆ Giant refugee puppet joins 'huddled masses' in New York
▼ + stars: | 2022-09-16 | by ( Andrew Hofstetter | ) www.reuters.com time to read: +2 min

NEW YORK, Sept 16 (Reuters) - A giant refugee girl puppet, known as "Little Amal," walked around New York City's Times Square on Friday, raising awareness of the plight of displaced children seeking safety across borders. Amal represents a 10-year-old looking for her mother who set out in search of food and never returned, said Peter Avery, director of theater for the New York City Department of Education and producer of Little Amal Walks New York. Broadway performers and about 200 New York City students serenaded Amal to calm her in bustling Times Square. "Little Amal's message to the world is, 'Don't forget us,'" Avery said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andrew Hofstetter in New York Writing by Roselle Chen Editing by Richard Chang and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

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