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☆ JPMorgan's Kolanovic warns of possible 'Minsky moment' ahead
▼ + stars: | 2023-03-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Add up the recent bank failures, geopolitical shocks and uncertainty about central bank policy and you get the potential for a "Minsky moment" in markets, according to JPMorgan Chase. Marko Kolanovic, the firm's chief market strategist and co-head of global research, warned that the current conditions of unsustainable speculation and easy policy are ripe for a market collapse. "The possibility of a Minsky moment in markets and geopolitics has increased," he wrote in a client note Monday. "Even if central bankers successfully contain contagion, credit conditions look set to tighten more rapidly because of pressure from both markets and regulators." "Cracks are beginning to emerge in US credit fundamentals, and Euro credit spreads will likely continue to widen unless we see meaningful policy intervention," Kolanovic wrote.

☆ The bond market's recession warning has gotten more urgent
▼ + stars: | 2023-03-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

The bond market is sending a more urgent recession warning and also signaling that the Federal Reserve may have to pause raising interest rates — giving up its fight against inflation. The sharp move in the 2-year yield also resulted in a rapid steepening of the yield curve. "The steepening always starts to happen because the market expects the Fed to cut rates in response to that recession." DoubleLine Capital CEO Jeffrey Gundlach also said the "aggressively steepening" of the Treasury yield curve after inversion is "highly suggestive of imminent recession." The 2-year yield jumped above 5% after he spoke.

☆ SVB collapse will have limited impact on Asia, but one analyst says it could be a warning sign
▼ + stars: | 2023-03-13 | by ( Jihye Lee | ) www.cnbc.com time to read: +4 min

HANGZHOU, CHINA - MARCH 12, 2023 - Photo taken on March 12, 2023 shows the logo of SPD Silicon Valley Bank in Hangzhou, Zhejiang province, China. Future Publishing | Future Publishing | Getty ImagesAnalysts say the collapse of Silicon Valley Bank is not likely to have a major contagion effect in Asia, but one person says it could be seen as a "warning" — especially for economies that haven't hiked interest rates aggressively. It came after U.S. regulators announced measures to further stem systemic risks from Silicon Valley Bank's collapse. While a number of companies within Asia's venture capital and tech start-up sector do have exposure to Silicon Valley Bank, not many have openly admitted to seeing major losses from SVB's bankruptcy. SPD Silicon Valley Bank, a joint venture between Shanghai Pudong Bank and Silicon Valley Bank sought to reassure investors over the weekend and said its operations have been "independent and stable."

☆ Economist Ed Hyman says it might be a good idea for the Fed to pause because of this financial shock
▼ + stars: | 2023-03-12 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

Notable economist Ed Hyman of Evercore ISI said the Federal Reserve should consider pausing interest rate hikes in part because of the financial shock that has developed with Silicon Valley Bank . "It might be a good idea for the Fed to pause," wrote Hyman, citing the SVB failure along with slowing inflation data. As the Silicon Valley Bank crisis unfolded Friday, investors quickly reduced their bets for a half percentage point hike at that meeting and instead see just a quarter-point increase . We are having one," wrote Hyman. Though Hyman said it may not be that easy and a Fed pause may be what it ultimately takes to stabilize markets.

☆ Rent the Runway CEO & Co-Founder Jennifer Hyman
▼ + stars: | 2023-03-07 | 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 EmailRent the Runway CEO & Co-Founder Jennifer HymanThis Women's Heritage Month, CNBC talks to Rent the Runway CEO Jennifer Hyman, who founded her company at age 27. Hyman encourages women to dream big.

☆ NHL roundup: Connor McDavid's historic multi-goal streak hits 5
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +4 min

McDavid has scored two goals in each of the past five games and has an NHL-leading 52 for the season. Klim Kostin and former Maple Leaf Zach Hyman added a goal and an assist for the Oilers, who had lost their previous two games. Mitchell Marner logged a goal and an assist for the Maple Leafs, who had a three-game winning streak end. Owen Tippett and Scott Laughton scored one goal apiece for the slumping Flyers, who have dropped four in a row. Jordan Staal and Martin Necas scored goals for Carolina, which took its second straight loss.

☆ NHL roundup: Roope Hintz's SO goal lifts Stars past Knights
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +8 min

Rookie Wyatt Johnston also scored a goal and Jamie Benn added two assists for the Stars. Eichel and Michael Amadio both scored goals for Vegas, which saw its five-game home winning streak snapped. Patrik Laine had a goal with two assists and Kirill Marchenko scored twice for the Blue Jackets, who swept the two-game season series from Edmonton. It was Oshie's first career game with a goal, assist and a fight, known as a Gordie Howe hat trick. Tyler Toffoli scored, Jacob Markstrom turned away 18 shots and Nazem Kadri had an assist in his return to Colorado.

☆ Here are answers to 5 key questions about the labor board’s severance agreement rule change
▼ + stars: | 2023-02-26 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

Can my employer no longer ever require that I stay quiet in exchange for severance? Normally there is a six-month window akin to a statute of limitations to bring an alleged violation to the board’s attention. So can employers now never require me to stay mum about the company as a condition of receiving severance? It’s easy to forget, but there is no legal requirement for employers to offer laid off workers severance. “There’s a real risk to employees that the case will have a negative impact on the size of severance packages going forward,” he said.

☆ Hyman: Fragile earnings are key to the markets story, as multiples are well set for 2023
▼ + stars: | 2023-02-23 | 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 EmailHyman: Fragile earnings are key to the markets story, as multiples are well set for 2023ProShares Advisors' Simeon Hyman dives into his forecasts for the markets.

☆ NHL roundup: Rangers escape 3-goal hole, edge Oilers in SO
▼ + stars: | 2023-02-18 | by ( ) www.reuters.com time to read: +4 min

[1/4] Feb 17, 2023; Edmonton, Alberta, CAN; New York Rangers forward Alexis Lafreniere (13) scores the shoot-out winning goal against Edmonton Oilers goaltender Jack Campbell (36) at Rogers Place. Mandatory Credit: Perry Nelson-USA TODAY SportsFebruary 18 - Alexis Lafreniere scored the deciding goal of the shootout to give the New York Rangers a 5-4 comeback win over the host Edmonton Oilers on Friday. The Rangers trailed 3-0 and 4-1 in the first period, but chipped away and won their seventh straight game. The Oilers are winless (0-1-2) in their last three games, but have still collected points in 13 of their last 14 games (9-1-4). The Oilers scored four goals in the third period of their last game with the Rangers, a 4-3 victory on Nov. 26 in New York.

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

☆ I've been renting all my clothes for over a year. Here's what I love about it — and what everyone should know before trying it.
▼ + stars: | 2023-02-04 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +8 min

I've been renting all my clothes since late 2021 through Nuuly, an online-rental marketplace. It's helped me cut back on shopping, stop buying fast fashion, and focus on quality over quantity. As for me, I'm still hooked on renting over a year later, and I would recommend it to anyone who's thinking about trying it. But I've also uncovered some downsides that have made me rethink everything I thought I knew about clothes. Pro: Renting has made me more thoughtful about qualityPerhaps the biggest endorsement for renting all my clothes is the effect it's had on my mindset.

☆ Amazon is closing certain Amazon Fresh and Amazon Go stores, suggesting that grocery hasn't been as fruitful as it hoped
▼ + stars: | 2023-02-03 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +4 min

Amazon said Thursday that it will close certain Amazon Fresh and Amazon Go stores. Critics say the focus on tech rather than retail experience in stores is putting off shoppers. Initially, via its online delivery service Amazon Fresh, then through its acquisition of Whole Foods, and more recently with the launch of its Amazon Fresh supermarkets and Amazon Go cashier-less stores. This is a less transactional shopping experience, where customers that come into stores need to be seduced into buying products. Other critics say that Amazon has made the mistake of focusing too much on the tech in stores rather than the retail experience itself.

☆ NHL roundup: Panthers rally late, nip Bruins in OT
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +8 min

Barkov also assisted on Brandon Montour's goal, and Sam Bennett scored for the Panthers. Anders Lee also scored for New York, which won its second straight game and prevailed for just the third time in 13 games (3-7-3). Carrier scored the only goal for Vegas, which lost its fourth straight game (0-2-2) and fell for the seventh time in eight games (1-5-2). Jaret Anderson-Dolan and Phillip Danault scored goals for the Kings, whose three-game winning streak ended. Colorado forward Valeri Nichushkin sat out for the second straight game with an upper-body injury.

☆ How to find your dream job amid layoffs: Interview prep, resume tips, and more
▼ + stars: | 2023-01-26 | by ( Cindy Perman | ) www.cnbc.com time to read: +7 min

Now, the slate is clear for you to find your dream job or a stepping stone on the path to your dream career. Here are a few quick resume tips: Read the job description and mirror some of the language when describing your experience. Think of a key career achievement and briefly explain the steps you took that got you there. Think of a key career achievement and briefly explain the steps you took that got you there. Jennie Rogerson, the global head of people at graphic design platform Canva, shared with CNBC Make It four untraditional job interview questions — and how to answer them.

☆ Goldman's small-cap picks for falling inflation
▼ + stars: | 2023-01-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Many small-cap stocks took a beating in 2022, as sharply rising costs hurt profits, but the situation could be reversing, Goldman said, creating an opportunity for investors if they know where to look. "With inflation expected to moderate, companies that can at a minimum stabilize their gross margins this year and meaningfully expand them beyond that should be well positioned in our view," said analyst Deep Mehta in a research note. Goldman screened small-cap stocks that are expected to show gross margin expansion through 2024. The following names showed the biggest gains between the two time periods, making them Goldman's picks as inflation decelerates. The Russell 2000 has also begun to rebound in recent weeks, moving higher on the hopes that the ultra-high levels of inflation seen in 2022 are finally breaking.

☆ 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.

☆ NHL roundup: Connor McDavid lifts Oilers over Lightning
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +8 min

The Lightning received a goal and an assist from Brayden Point, and Brandon Hagel and Steven Stamkos scored. Victor Hedman posted two assists while Andrei Vasilevskiy stopped 28 shots but lost for the first time in five games. Kyle Connor scored for the Jets, who lost for the third time in their past 11 games. Matthew Tkachuk, who leads Florida with 24 goals, scored twice with the man advantage. Colton Sissons and Mattias Ekholm scored for the Predators, whose two-game win streak came to an end.

☆ Netflix insiders applaud new co-CEO Greg Peters, 'the only real visionary' in the C-suite, but scratch their heads over what other exec changes mean for the company
▼ + stars: | 2023-01-20 | by ( Elaine Low | Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +5 min

Netflix's elevation of Greg Peters to co-CEO shows the importance of its advertising sales effort. But Bela Bajaria's rise to content chief has caused some confusion about the future of the TV and film organization. The Netflix veteran now shares the role with current co-CEO Ted Sarandos, as company cofounder Reed Hastings steps down and settles into an executive chairman position. The move made a lot of sense to industry insiders, and even publicly, Netflix had been signaling the ascension for some time. Netflix insiders said Bajaria's new title underscored the importance of TV versus film in the streaming wars.

☆ NHL roundup: Connor McDavid leads streaking Oilers past Kraken
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +6 min

[1/4] Jan 17, 2023; Edmonton, Alberta, CAN; Edmonton Oilers forward Connor McDavid (97) carries the puck up ice during the first period against the Seattle Kraken at Rogers Place. Mandatory Credit: Perry Nelson-USA TODAY SportsJanuary 18 - Connor McDavid scored his NHL-leading 38th goal of the season as the Edmonton Oilers defeated the visiting Seattle Kraken 5-2 on Tuesday night. Derek Ryan, Warren Foegele, Ryan McLeod and Zach Hyman also tallied for the Oilers, who extended their winning streak to four games. Kyle Connor scored for the Jets, who had a three-game win streak come to an end. Carter Verhaeghe, Anton Lundell and Josh Mahura also scored goals for Florida.

☆ NHL roundup: Kraken use huge 2nd period to down Blackhawks
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +9 min

[1/4] Jan 14, 2023; Dallas, Texas, USA; Dallas Stars center Tyler Seguin (91) and Calgary Flames center Nazem Kadri (91) look for the puck in the Calgary zone during the second period at the American Airlines Center. Flames 6, Stars 5Nazem Kadri, Rasmus Andersson and Chris Tanev collected one goal and one assist apiece as visiting Calgary rode a four-goal second period to a victory over Dallas. Bruins 4, Maple Leafs 3Matt Grzelcyk scored with 1:16 left in the third period to lift host Boston past Atlantic Division rival Toronto. Grzelcyk scored his second goal of the season and first since Oct. 28, firing a bomb from above the left circle with David Krejci screening Maple Leafs goaltender Matt Murray. Paul Cotter, Keegan Kolesar and William Karlsson scored goals and Logan Thompson made 33 saves for Vegas.

☆ Rent the Runway to sell secondhand luxury on Amazon as it chases profitability
▼ + stars: | 2023-01-12 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +2 min

Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability. Rent the Runway CEO Jennifer Hyman said the relationship could be a "key engine" of growth for the retailer. "It really brings Rent the Runway much wider brand awareness," Hyman said in an interview with CNBC. The resale market, and Amazon's wide customer base, offer a path to profitability, Hyman said. The total resale market in the U.S. is on track to top $64 billion by the end of 2024, according to research firm GlobalData.

☆ Rent the Runway is now selling secondhand luxury clothes on Amazon from 35 designers including Tory Burch and Kate Spade.
▼ + stars: | 2023-01-12 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Rent the Runway is now selling secondhand luxury goods on Amazon. Rent the Runway CEO Jenn Hyman said the collaboration will foster "incredible brand awareness." As part of a collaboration with Amazon Fashion, the rental company is offering lightly worn styles from more than 35 brands, including Diane Von Furstenberg, Tory Burch, and Kate Spade. The partnership also will feature items from the RTR Design Collective, clothes from emerging designers sold exclusively for Rent the Runway, the company announced on Thursday. The Amazon collaboration will join existing resale retail partnerships Rent the Runway currently has with Saks Off Fifth and ThredUp.

☆ NHL roundup: Connor McDavid hits milestone in Oilers' win
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +7 min

Barzal is on a career-best, five-game goal streak, and he has six goals and two assists during that span. Vancouver goaltender Collin Delia made 30 saves, while Elias Pettersson, Oliver Ekman-Larsson and Ilya Mikheyev each collected two assists. Ty Smith also scored for Pittsburgh, which lost its sixth straight game, just one off matching its longest losing streak of the season. Nicolas Aube-Kubel, Martin Fehervary and Garnet Hathaway also scored, Dylan Strome had three assists, and Darcy Kuemper made 25 saves. Washington has won a franchise-record seven straight road games and is 7-0-2 in its past nine games overall and 12-2-3 in its past 17.

☆ Rent the Runway shares surge after fashion rental company reports stronger quarterly sales
▼ + stars: | 2022-12-07 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

As some shoppers think twice about purchases, Rent the Runway is getting a bump. During the quarter, 28% of its subscribers also paid more to add at least one additional rental item each month. Rent the Runway now anticipates $72 million to $74 million in the fourth quarter. Since debuting on the stock market last year, shares of Rent the Runway have plummeted. Hyman said Rent the Runway customers are not just looking to save money.

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