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☆ This startup wants to take on PowerPoint and Notion with its interactive presentation software. Check out the 9-slide pitch deck Chronicle used to raise $7.5 million from Accel.
▼ + stars: | 2023-02-21 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

The startup has created interactive presentation tools to modernize outdated storytelling methods. We got an exclusive look at the 9-slide deck it created with its own tools to raise the fresh funds. Sydney and San Francisco-based Chronicle has designed a software tool that enables teams to quickly design sleek presentations. While creating presentations, Chronicle offers users pre-designed blocks as templates so they can save time while creating impactful designs, he added. Check out the 9-slide deck — created using the startup's own interactive tools — that helped secure the fresh funds.

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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 PolicyAs a no-annual-fee card, the Capital One VentureOne Rewards Credit Card is often overshadowed by its fancier siblings, the $95-annual-fee Capital One Venture Rewards Credit Card and $395-annual-fee Capital One Venture X Rewards Credit Card. That doesn't mean the Capital One VentureOne Rewards Credit Card isn't a good card. Now there's a reason to have a fresh look at the Capital One VentureOne Rewards Credit Card. Card benefitsAs you might expect from a no-annual-fee card, the Capital One VentureOne Rewards Credit Card doesn't come with a lot of bells and whistles. Having a Capital One miles-earning card (including the Capital One VentureOne Rewards Credit Card) also allows you to convert rewards from Capital One cash-back cards into miles.

Benchmark EU carbon permit prices hit 100 euros per tonne of CO2 on Tuesday, the highest since the scheme launched in 2005. The largest project being developed in the Netherlands secured national funding to bridge the gap between costs and the CO2 price. The United States does not have a nationwide carbon price, although states including California do. An EU carbon price of 100 euros adds 30-40 euros to the cost of a tonne of primary steel production, according to Eurofer. For example, blast furnace-based steelmakers were given around 80% of their CO2 permits, commodity industry analysis firm CRU said.

☆ Japan manufacturers gloomy as global slowdown hurts - Reuters Tankan
▼ + stars: | 2023-02-21 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

The monthly Reuters Tankan, which closely tracks the Bank of Japan's (BOJ) key tankan quarterly survey, found the sentiment index for big manufacturers stood at -5 in February, little changed from the prior month's -6. The survey asks respondents whether the business situation is good, not so good or bad. "We have not been able to transfer rising costs of materials, gas and electricity to our customers. On top of that, wages are rising, all of which squeezes the business environment," a manager of a metal processing firm wrote in the survey. Japan's economy averted recession in the fourth quarter but rebounded much less than expected as business investment slumped.

☆ EU calls for fast-track crypto capital rules for banks
▼ + stars: | 2023-02-20 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, Feb 20 (Reuters) - Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union's pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc's executive has said. The global Basel Committee of banking regulators from the world's main financial centres has set a January 2025 deadline for implementing capital requirements for banks' exposures to cryptoassets such as stablecoins and bitcoin. "Banks have expressed interest in trading crypto-assets on behalf of their clients and to provide crypto-assets-related services." Basel's standards are applied in the EU with a law, and a delay could mean that banks have to wait longer to enter the cryptomarket as separate EU rules for trading cryptoassets come into force in 2024. To enforce Basel's crypto rules, the EU could either propose a new law, or expand the banking law it is now finalising as called for by the European Parliament.

☆ A real estate investor who owns over 1,000 units explains how he was able to officially retire at age 36 by 'reverse engineering' his financial freedom
▼ + stars: | 2023-02-19 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +12 min

He was able to achieve this feat by "reverse engineering" his financial freedom. In fact, he attributes much of his success today as a real estate investor to setting "audacious" goals for himself — and achieving them by whatever means necessary. To Allred, achieving true financial freedom meant having enough recurring passive income to entirely cover his family's cost of living. At that time, he decided to officially retire from door-to-door sales and go into real estate full-time. Continuing to grow his real estate fundAround 2015, Allred also began getting involved in real estate syndications.

☆ 'Digital nomads' can now live in Spain with their families — if they earn enough
▼ + stars: | 2023-02-19 | by ( Chris Dwyer | ) www.cnbc.com time to read: +5 min

The so-called "digital nomad" visa is open to a wide variety of remote workers and has already attracted considerable interest. U.S. Google searches for "digital nomad visa Spain" spiked by 66% in late January, according to digital marketing specialists Semrush. Fernando Angulo (pictured here in Colombia) said he's lived in many countries as a "digital nomad," including Russia, Argentina and India. Source: Zach BoyetteZach Boyette, co-founder of the digital marketing agency Galactic Fed, called Spain's digital nomad visa a "game changer." Boyette, a longtime digital nomad, said the visa allows digital nomads to "spend a longer time in Europe," he said.

☆ UBS warns that a historically reliable indicator shows earnings could fall 15% — and shares 24 high-quality stocks that will be immune from the drop
▼ + stars: | 2023-02-18 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Normally, a company's earnings — what's left from revenue after subtracting all expenses — are closely tied to its money made from operations, or operating cash flow (OCF), Parker wrote. UBSWhile that sounds promising at first, the bad news for investors is that OCF is actually a more reliable measure of profitability than earnings, Parker wrote. A low accrual suggests that a company's earnings are higher quality, while a high accrual implies lower quality earnings. UBS found 24 stocks that have low earnings risk since their OCF is high relative to net income. "We combine the accruals factor with change in valuation and EPS revisions to identify stocks that have 'de-risked earnings' vs 'at-risk earnings,'" Parker wrote.

☆ Ron DeSantis styles himself a culture warrior for God. But his push to expand the death penalty is 'deeply concerning' to the Catholic Church.
▼ + stars: | 2023-02-17 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +7 min

The Catholic Church is speaking out against a GOP push to expand the death penalty. Making it "easier to impose death is deeply concerning," Michael Sheedy of the Florida Conference of Catholic Bishops told Insider. 'Deeply concerning'Any effort to expand the death penalty in Florida will face obstacles: the state and US constitutions. "An execution represents a judgment by fallible human beings that a person is beyond redemption – a judgment the Catholic Church rejects," they said. Tony Argiz, right, recalled how the Catholic Church helped him when he came to the US from Cuba as an unaccompanied minor.

☆ An NBA and IMG veteran breaks down how he raised a $300 million private equity fund in a bleak market and how he plans to invest in all things sports
▼ + stars: | 2023-02-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

NBA vet Bobby Sharma and partner Kyle Charters just raised $300 million for sports-related investments. It's led by NBA and IMG vet Bobby Sharma and investment banking vet Kyle Charters and just announced it closed a $300 million fund to invest in sports-related media and entertainment. "And there are some sports media, entertainment, business executives who are learning private equities through their fundraising. There's been a wave of private equity interest in sports by giants like Blackstone to new entrants like Dynasty Equity Partners. You've got the incumbent media companies that are ensuring their survival by heavily investing as well.

After the retirement of Boeing Capital Corp (BCC) President Tim Myers this spring, Boeing said it would "realign" the financing arm within the commercial airplane unit while maintaining "strong coordination" with Boeing's treasury arm. Boeing Capital, a subsidiary of Boeing, provides asset-based financing and leasing to airlines. The closing of Boeing Capital continues a trend for Boeing to consolidate its operational structure and ends a significant chapter in the fast-expanding air finance industry. A Boeing spokesperson said the shift will provide airlines "with more consistent support" for arranging aircraft financing. Rob Martin, finance chief for the commercial airline business, and Boeing Treasurer David Whitehouse will be responsible for the transition, West said in the memo.

☆ DA Davidson says this specialty truck stock can rally nearly 70%
▼ + stars: | 2023-02-16 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Custom Truck One Source , a provider of specialty trucks and custom equipment, has secular tailwinds that could help the stock even if the broader economy slides, DA Davidson said. Analyst Michael Shlisky initiated coverage of the stock at a buy. Shlisky's $12 price target implies the stock could rally 69% from where it closed Wednesday. Meanwhile, he said telecommunications, which is Custom Truck's second most-important sector, also has a long tailwind coming for similar reasons. While Shlisky said the stock is more levered than peers, he said it's not outrageously high to begin with and expects a downward trajectory.

☆ PBF Energy posts bumper quarterly profit, partners with Eni on biorefinery
▼ + stars: | 2023-02-16 | by ( Arunima Kumar | ) www.reuters.com time to read: +2 min

Feb 16 (Reuters) - PBF Energy Inc (PBF.N) posted a higher fourth-quarter profit on Thursday and said it sealed a joint venture with a unit of Italian energy group Eni (ENI.MI) for a renewable diesel project in the United States. The joint venture, St. Bernard Renewables LLC (SBR), will own the renewable diesel project currently under construction and co-located with PBF's Chalmette refinery in Louisiana. PBF's gross refining margin, excluding special items, rose to $1.71 billion in the reported quarter, from $998.7 million a year ago. The company expects full-year 2023 throughput between 935,000 barrels per day (bpd) and 995,000 bpd, and in the current quarter between 845,000 bpd and 905,000 bpd. However, on an adjusted basis, it posted a profit $4.41 per share, missing average analysts' estimate of $4.98 per share, according to Refinitiv data.

☆ Devon Energy's plunge after management fails to reassure investors makes us question our stake
▼ + stars: | 2023-02-15 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Shares of Club holding Devon Energy (DVN) fell sharply Wednesday, one day after delivering disappointing fourth quarter results , reducing its fixed-plus-variable dividend and barely buying back any stock. DVN 1Y mountain Devon Energy (DVN) 1-year performance Devon management on Wednseday did reassure investors of its commitment to financial discipline and shareholder returns. Production guidance On Devon's earnings call Wednesday morning, management said that the first quarter is expected to be the lowest production quarter of fiscal 2023. The facility is expected to be back up and running by mid-March, with no impact to second quarter production expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Adani Group likely to repay short-term commercial paper borrowings - bankers
▼ + stars: | 2023-02-14 | by ( Bhakti Tambe | ) www.reuters.com time to read: +3 min

Adani Enterprises and Adani Ports and Special Economic Zone Ltd (APSE.NS) regularly raise funds by issuing CPs – short-term debt instruments issued to meet working capital requirements. "All payments are being made as per schedule," an Adani group spokesperson said in an e-mail, but did not respond to queries on whether investors are seeking early redemption. Adani Ports has CPs worth 35 billion rupees due to mature through end March, data from information service provider Prime Database showed. So, we may see them (Adani Group) staying away from the market for some time," said one banker, who regularly arranges debt issuances for the group. The Adani Group spokesperson denied media reports that these bond issues have been scrapped, saying this is "speculation" and "not true" in a reply to Reuters' mail.

☆ Goldman Sachs CEO says odds of a 'softer landing' for U.S. economy have improved
▼ + stars: | 2023-02-14 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Goldman Sachs CEO David Solomon said Tuesday that the odds the U.S. economy can avoid a deep recession this year seem to have improved. New York-based Goldman is one of the world's top advisors when it comes to mergers and tapping capital markets. "Consensus has shifted to be a little bit more dovish in the CEO community, that we can navigate through this in the United States with a softer economic landing," he said. The CEO is scheduled to address investors again on Feb. 28 at the bank's second-ever investor day.

☆ Devon Energy delivered a disappointing fourth quarter, even when factoring in lower energy prices
▼ + stars: | 2023-02-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Oil-and-gas producer Devon Energy (DVN) on Tuesday delivered lackluster fourth-quarter earnings, sending shares lower. Note : Devon Energy is scheduled to host its post-earnings conference call on Wednesday at 11:00 a.m. Bottom line This was a disappointing quarter for Devon Energy, despite having managed our expectations given the recent decline in energy prices. As a result, Devon stock tumbled roughly 5.5% in afterhours trading, as shares re-rated to the lower cash-return profile. As was the case in the prior quarter, Devon did not aggressively make use of its $2 billion share repurchase program in the fourth quarter.

☆ Toshiba warns on profit after Q3 slump; COO resigns over expenses
▼ + stars: | 2023-02-14 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

Companies Toshiba Corp FollowTOKYO, Feb 14 (Reuters) - Japan's Toshiba Corp (6502.T) slashed its annual earnings estimate after third-quarter profit slumped, while its chief operating officer resigned over the inappropriate use of entertainment expenses some years ago. Hit by weak demand for hard disk drives due to reduced investments in data, Toshiba said quarterly operating profit tumbled 88% to 5.3 billion yen ($40.4 million), far less than a Refinitiv consensus estimate of 37 billion yen. The industrial conglomerate also took a large charge relating to an old project for its power generation systems business. Its profit estimate for the year ending in March was cut by a quarter to 95 billion yen. Toshiba said COO Goro Yanase had resigned over the inappropriate use of entertainment expenses in 2019 when he was an executive at a company unit.

☆ Chevron’s CEO short-termism has benefits
▼ + stars: | 2023-02-13 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

That helps explain why the $330 billion oil giant is considering extending his contract beyond mandatory retirement age, according to the Wall Street Journal. Wirth faces mandatory retirement in 2025 when he turns 65, a stipulation that was in place when the company appointed him to be CEO in 2018. Chevron's operating margin last year was 18%, the highest in four decades, and the firm earned a record $35 billion. A year later, after oil prices had fallen by a third, Wirth launched a deal to buy Noble Energy on the cheap. If so, oil companies will be well served by executives who can squeeze additional pennies out of existing production, while buying potentially available rivals when they are cheap.

FanDuel expected to handle more than 17 million Super Bowl bets. GeoComply , a company that verifies the locations where gamblers are betting, saw 100 million sports betting transactions this Super Bowl weekend, an increase of 25% over last year. It was a record-breaking Super Bowl for sportsbooks as gamblers ponied up across the United States. "This was BetMGM's most successful Super Bowl and most bet on single game sporting event ever," the company told CNBC. Already, sportsbooks are accepting wagers for next year's Super Bowl, which, for the first time, will take place in America's gambling capital – Las Vegas.

Insider compiled a list of 15 New York-based startups shaping the creator economy. With its top creator agencies, influencer-led businesses, and content studios, the West Coast is often seen as the hub of the creator economy. But when it comes to creator economy startups, New York is giving Los Angeles and Silicon Valley a run for their money. In the past two years, investors have poured hundreds of millions of dollars into New York-based creator economy startups. We considered factors like customer adoption, fundraising success, and a company's contributions to the creator economy.

The ban is expected to apply to some investments tied to chip production, two of the sources said. China hawks in Washington blame American investors for transferring capital and valuable know-how to Chinese tech companies that could help advance Beijing's military capabilities. The White House declined to comment and the Chinese embassy in Washington did not immediately respond to a request for comment. That could include the long-awaited outbound investment order. Efforts to incorporate an outbound investment screening plan in legislation failed last year in Congress.

"I don't want to be having this same conversation about access to capital in 20 years," Johnson said. "I don't want my children, when they get ready to start a business, to be trying to figure out access to capital." Jill Johnson CEO of the Institute for Entrepreneurial LeadershipIn 2020, Johnson designed a program called the "Making of Black Angels" to educate prospective angel investors and connect them with Black business owners to help startups obtain critical funding. "Yet, we have certain groups that have been historically excluded from this access — and we need to change that. Becoming an angel investorTo make early-stage investments as an angel investor, you must be an "accredited investor," as outlined by the U.S. Securities and Exchange Commission.

☆ Hanwang, bellwether of Chinese ChatGPT frenzy, says big shareholders sold stakes
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Feb 10 (Reuters) - Hanwang Technology Co Ltd (002362.SZ), widely seen as a bellwether of Chinese interest in ChatGPT-concept stocks, on Friday said several major shareholders reduced stakes over the past few days as it flagged risks following a share price surge. Henan Yellow River Computer System Co Ltd, a top 10 shareholder, sold 2.6 million Hanwang Technology shares between Jan. 30 and Feb. 7, the artificial intelligence (AI) developer said in an exchange filing. Tongfang Investment sold 3.4 million shares during the period, while Juneng Capital Management offloaded 1.2 million shares, Hanwang Technology said. Hanwang Technology's shares have surged more than 70% this month amid fever surrounding ChatGPT-related technology. ChatGPT, a chatbot developed by U.S. firm OpenAI and backed by Microsoft Corp (MSFT.O), gives strikingly human-like responses to user queries.

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