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☆ Wall St slips as jobs data dents Fed deceleration wish
▼ + stars: | 2022-11-01 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

Investors have been paying close attention to labor market data for any signs of weakening in the job market, as decreasing wage pressures and easing demand would help reduce inflation, giving the Fed the ammunition to begin decelerating with a 50-basis-point rate hike in December. "From an employment standpoint things look really robust though, and that is putting some pressure on stocks." According to preliminary data, the S&P 500 (.SPX) lost 16.26 points, or 0.42%, to end at 3,855.79 points, while the Nasdaq Composite (.IXIC) lost 97.62 points, or 0.90%, to 10,889.23. Megacap growth names such as Amazon (AMZN.O) and Apple (AAPL.O), which have struggled since the Fed began raising interest rates, were once again under pressure. Pfizer (PFE.N) rose after the drugmaker raised full-year sales estimates for its COVID-19 vaccine, while Eli Lilly (LLY.N) fell after trimming its profit forecast.

☆ Russia holds rates at 7.5%, cautions on inflationary effects of mobilisation
▼ + stars: | 2022-10-28 | by ( Alexander Marrow | ) www.reuters.com time to read: +3 min

Central Bank Governor Elvira Nabiullina, dressed in black with a dab of floral print, said that the bank wanted to give a neutral signal to the market on rates. INFLATIONInflation, which the central bank targets at 4%, stood at 12.9% as of Oct. 24, according to the economy ministry. The central bank tweaked its year-end inflation forecast to 12-13% from 11-13%. "According to the Bank of Russia's forecast, given the monetary policy stance, annual inflation will drop to 5.0–7.0% in 2023 to return to 4% in 2024." The central bank improved its GDP forecast for this year to a contraction of 3-3.5% from an expected 4-6% decline previously.

☆ Apple defies the Big Tech meltdown and remains the stock to own, not trade
▼ + stars: | 2022-10-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Revenue rose 8% year-over-year to $90.1 billion, exceeding expectations of $88.9 billion and marking a September quarter record. Despite growing fears of a recession and a strong U.S. dollar that dents international sales, Apple sales posted a September quarter record for the Americas, Europe, Greater China and the rest of Asia-Pacific. Companywide results Operating cash flow of $24.13 billion was in line with expectations of $24.24 billion and marked a September quarter record. Revenue rose 8% year-over-year to $90.1 billion, exceeding expectations of $88.9 billion and marking a September quarter record. Despite growing fears of a recession and a strong U.S. dollar that dents international sales, Apple sales posted a September quarter record for the Americas, Europe, Greater China and the rest of Asia-Pacific.

☆ Copycatting lawsuits hit new media as TikTok creators, game designers and Instagrammers are sued
▼ + stars: | 2022-10-22 | by ( Alexandra Peers | Cnn Business | ) edition.cnn.com time to read: +7 min

A series of hot-button lawsuits have linked all those unlikely creators and platforms in litigation that goes as high as the US Supreme Court. The litigation deals with issues of intellectual property, copyright infringement and fair use in a rapidly changing new-media landscape. She won, but not much: $3,750, because the court ruled that, though her copyright had been violated, her tattoos didn’t impact game profits. It was a huge hit on TikTok, in part because the duo invited feedback and participation, making it a crowd-sourced artwork. But when the creators took their show on the road and sold tickets, Netflix sued.

☆ Amazon debuts home insurance store in the UK in latest move into finance
▼ + stars: | 2022-10-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

LONDON — Amazon will start selling home insurance in the U.K. through partnerships with three local insurers, further expanding the e-commerce titan's push into financial services. The company announced Wednesday it is opening a new service called Amazon Insurance Store. They're then shown a list of quotes from Amazon's insurance partners, along with reviews and star ratings from other customers. "When we set out to create the Amazon Insurance Store, we wanted to improve the experience for customers shopping for home insurance so they could easily compare options and make an informed, objective decision—just like shopping on Amazon." It's the first time the company has launched a store selling insurance.

☆ Death threats, insomnia, and near-minimum wage: A Meta customer service contractor reveals what it's like to be on the frontline of Facebook customer complaints
▼ + stars: | 2022-10-18 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

A Meta customer service agent working for third-party firm Teleperformance revealed the job has become so stressful, she suffers from insomnia. Because sometimes she's powerless to help Meta users, it's tough to earn productivity bonuses, she said. She can investigate, troubleshoot, and as a last resort escalate the matter to the internal Meta team. Despite not being empowered to help, Meta customer support agents are also instructed not to use words such as "sorry" or "unfortunately," Charlotte said. *This article uses a pseudonym that was chosen by Insider, which is aware of the Meta customer service contractor's real identity.

☆ Two of the most notable short sellers say this company is the aluminum siding of the 21st century
▼ + stars: | 2022-09-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Jim Chanos and Carson Block, two of Wall Street's biggest short sellers, fired shots at Sunrun , saying the residential solar company is not as "green" as many investors think. "This company is the aluminum siding of the 21st century for those who are old enough to know what I'm talking about," Chanos, founder of Kynikos Associates, said at CNBC's Delivering Alpha Investor Summit in New York City Wednesday. Aluminum re-sidings were prevalent in the 70s and 80s but they fell out of favor as the material was susceptible to scratches and dents. Muddy Waters Capital CIO Carson Block said he has a short position against Sunrun, taking issue with the way the company deals with tax subsidies from the government. "Muddy Waters has its 'facts' wrong.

☆ Technologies like virtual reality and robotics could reduce the energy industry's carbon footprint and advance workers' skill sets
▼ + stars: | 2022-08-11 | by ( Chris Daniels | ) www.businessinsider.com time to read: +6 min

Governments have also taken actions to reduce greenhouse-gas emissions from the oil-and-gas sector to meet their net-zero goals. "This has created a ripe opportunity for technology to play an even greater role in the energy sector." However, to realize the full value of technology investments, energy leaders will need to upgrade workers' skill sets and attract higher-skilled labor in areas like robotics, software engineering, and data analytics. 'Digital twins' optimize energy projectsOil-and-gas leaders are using virtual reality and augmented reality to create "digital twins" of current energy projects for training and simulation-based learning. A path to highly skilled job creationMortlock said these kinds of developments will help the energy sector combat market instability and stakeholder pressure to improve their carbon footprint.

☆ All the best products we’ve tested in 2021 (so far)
▼ + stars: | 2021-11-03 | by ( Cnn Underscored Staff | ) edition.cnn.com time to read: +62 min

Best coffee subscription: Blue Bottle (starting at $11 per shipment; bluebottle.com)Blue BottleBlue Bottle’s coffee subscription hit all of our marks during the testing process. This mask, though, formed the best seal around the edges, blocking out more light than any other mask we tested. Not only does it keep your drinks hot or cold for many hours, it’s solidly durable and has the best lid we’ve ever tested. Best smart display: Amazon Echo Show 8 ($99.99, originally $129.99; amazon.com)AmazonThe Echo Show 8 is the best smart display we tested, with a versatile 8-inch screen in a build that really fits anywhere. Best smart thermostat: Nest Learning Thermostat ($223, originally $229; amazon.com)GoogleThe Nest Learning Thermostat studies your habits and controls the temperature in your home automatically.

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Standard homeowners insurance covers hail damage, but there may be an exclusion if you commonly get hail. Does homeowners insurance cover hail damage? Although standard homeowners insurance covers hail damage, some carriers do not cover "cosmetic damage" or "aesthetic impairment" from hail. In states where hail is common, a hail exclusion may require additional windstorm insurance to cover hail damage. Some states where hail is common have a "hail exclusion" that may require additional windstorm insurance to cover hail damage.

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