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☆ Despite an unwarranted share slide, industrial powerhouse Caterpillar delivers a solid Q4
▼ + stars: | 2023-01-31 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Moreover, breaking the top line down, consolidated sales growth is attributable to solid double-digit growth in all three primary operating segments. That's in line with our mantra of owning companies that do things, make stuff, and generate real profits and cash flow that will be returned to investors. Excluding China, management expects growth in the Asia/Pacific region "due to public infrastructure spending and supportive commodity prices." Energy & transportation: Management predicts "sales growth due to strong order rates in most applications," citing "strength in demand in order intakes for the year." Caterpillar generated full-year free cash flow of $5.8 billion and returned a total of $6.7 billion to shareholders via share repurchases and dividends.

☆ Man Utd cannot be complacent against Reading - Ten Hag
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

MANCHESTER, England, Jan 27 (Reuters) - Manchester United expect Reading to be highly motivated for Saturday's FA Cup meeting and will not take their second-tier opponents lightly, manager Erik ten Hag said on Friday. They have also reached the semi-finals of the League Cup and the Europa League's knockout stage, and are favourites to beat Reading in their FA Cup fourth round clash on Saturday. Every opponent will be tough, especially in the FA Cup. "I said he's on the way back, he's making steps, he's back in team training, and we have to see when he's ready to go back into games." Ten Hag added that Diogo Dalot "is definitely out" for the game and said Luke Shaw's availability is also in doubt.

☆ Bank of America announced a new class of managing directors — here are all 87 names in corporate and investment banking
▼ + stars: | 2023-01-26 | by ( Alex Morrell | ) www.businessinsider.com time to read: +3 min

Bank of America has announced a new class of 360 managing directors. Insider has the list of the 87 new MDs for the firm's Global Corporate and Investment Bank. It's managing director promotion day at Bank of America. On Thursday, the class of 360 managing directors across the firm were announced internally, up 15% from the 314 promoted in 2022.Insider has the list of the 87 employees who were promoted in the firm's Global Corporate and Investment Bank — the division responsible for dealmaking. That's down 17% from 105 new MDs last year in the division, likely a reflection of a difficult year in investment banking across Wall Street that saw revenues drop in excess of 50%.

☆ NHL roundup: Pens' Kris Letang plays hero in return vs. Panthers
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +8 min

Letang, who was activated from long-term injured reserve earlier in the day, finished with two goals and two assists. Aaron Ekblad had a goal and two assists, Sam Reinhart and Matthew Tkachuk a goal and an assist apiece and Colin White one goal. Fiala also had an assist, while Anze Kopitar scored two goals and Samuel Fagemo contributed one goal for the Kings. Avalanche 3, Capitals 2Artturi Lehkonen, Alex Newhook and Andrew Cogliano scored goals, Alexandar Georgiev had 37 saves and Colorado beat Washington in Denver. Logan O'Connor had two assists for Colorado, which has won six straight despite Cale Makar missing his fourth straight game with an upper-body injury.

☆ Small businesses are saving the economy from a recession, for now
▼ + stars: | 2023-01-25 | by ( Jennifer Ortakales Dawkins | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Data shows a boom in small businesses likely to employ workers, suggesting job growth could keep going well into the future. Small businesses have seen their openings soar, compared to larger businesses, from where they stood before the pandemic. While openings for small businesses are not as high as they were in spring 2022, there still are more openings in these kinds of businesses than big ones. Yet Swonk remains optimistic that small businesses will prevail. "Although small businesses fail at a much higher rate than any other businesses out there, I have some hope in the traction that they've already gained," she said.

“The intentions, of course, were never to cross over to Venezuela, he was just accompanying her,” said Henry Martínez, Hernández’s brother. The men told Hernández that if they wanted to enter Venezuela, he had to pay $100. Hernández told them he was not trying to enter the country and did not have $100. The U.S. has not had a diplomatic presence in Caracas since 2019, so access to jailed Americans has been limited since then. “Sometimes I can hear his voice weak and just frustrated and anxious,” said Henry Martínez.

☆ Why You Should Wait Until Fall to Buy a New Car
▼ + stars: | 2023-01-21 | by ( Joe Pinsker | ) www.wsj.com time to read: 1 min

As inventories grow this year, industry analysts expect prices to cool. In December, there were about 1.1 million new cars on dealers’ lots, and that figure should increase by 80,000 to 100,000 each month, Mr. Jominy says. He thinks that consumers will see better deals once that number hits two million, and estimates that prices could drop by as much as 10% by the end of the year. Luke Sharrett/Bloomberg News

Prosecutors will need a mountain of evidence to cast Alec Baldwin as a criminally negligent gunman, skeptical defense criminal lawyers said Friday, as Hollywood appeared to rally around the oft-polarizing actor. But prosecutors insist they have FBI lab reports that show Baldwin did fire the fatal round. "Is there some intentional act that placed that live round there that we know nothing about? She urged prosecutors to stop "blaming the victim" and rhetorically asked "how about investigating who put the live round into the gun?" "Nobody is asking who put the live round into the prop gun," tweeted Fisher, best known for her role in "Titanic."

☆ Mexico Bans Climate Startup’s Experiment to Cool the Earth
▼ + stars: | 2023-01-20 | by ( Eric Niiler | ) www.wsj.com time to read: 1 min

A California tech entrepreneur says he might move his plan to launch sunlight-reflecting particles into the atmosphere to the U.S. or another country, after Mexican officials blocked the project. “There is no law that prevents me from doing this,” said Luke Iseman , chief executive and founder of Make Sunsets. The startup had raised $750,000 in venture capital and other funds with the idea of selling “cooling credits” to U.S. firms, according to Mr. Iseman.

☆ Google bonus delay has a windfall lesson for workers: ‘Don't have it spent before it gets there,’ says advisor
▼ + stars: | 2023-01-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

A pedestrian strolls on the Google campus in Mountain View, California, on Jan. 27, 2022. David Paul Morris/Bloomberg via Getty ImagesGoogle is delaying full year-end bonus checks by a few months, simultaneously demonstrating a keystone tenet of household finance: Don't count on money you don't have in hand. The investment bank earlier this month announced job cuts for up to 3,200 employees, or 6.5% of its workforce. watch nowAcross all industries, small businesses slashed 2022 bonuses by 9.7% to an average $526, down from $582 in 2021, according to Gusto, a payroll provider. They shrank most — by 10.7% — among financial companies, law firms and others in the "professional services" category.

SANTA FE, N.M. — Prosecutors said Thursday they knew “pretty close to the beginning” of their probe into the fatal shooting of “Rust” cinematographer Halyna Hutchins that criminal charges would be filed. Prosecutors announced Thursday that Baldwin and Gutierrez-Reed will each face two counts of involuntary manslaughter. Baldwin was criminally responsible as both the alleged shooter and the “Rust” producer who should have had oversight on safety, officials said. Alec Baldwin practicing a scene with a revolver on the set of the Western "Rust" before cinematographer Halyna Hutchins was fatally shot. Prosecutors declined to say if they offered Baldwin a chance to plead guilty in exchange for his testimony.

☆ Davos: India flexes its muscle as China's star fades
▼ + stars: | 2023-01-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

In 2023, as global recession fears persist, the country is expected to log the best performance of any major economy. An Invest India banner hanging from a building ahead of the World Economic Forum in Davos, Switzerland, on Monday, Jan. 16. India is also due to displace its powerful neighbor as the world’s most populous country this year. They’re a substantial asset — if India’s economy can create enough jobs. “The world needs resilience,” Tata Sons Chairman Natarajan Chandrasekaran told a Davos panel.

☆ NBA roundup: Grizzlies edge Cavs for 11th straight win
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +6 min

Jaden McDaniels put up 18 points for the Timberwolves, who lost their second game in a row. Kevin Huerter scored 18 points for the Kings, who went down by 14 points in the first quarter before pushing ahead by halftime. Andrew Nembhard produced 18 points and seven assists for the Pacers, who have dropped five consecutive games. Murray was 12-for-18 from the field and added seven rebounds and four assists. Jalen Green matched his career high with 41 points and added seven assists for the Rockets, who lost their 12th game in a row.

[1/3] District attorney Mary Carmack-Altwies speaks at a news conference after actor Alec Baldwin accidentally shot and killed cinematographer Halyna Hutchins on the film set of the movie "Rust" in Santa Fe, New Mexico, U.S., October 27, 2021. REUTERS/Adria MalcolmJan 19 (Reuters) - A New Mexico prosecutor on Thursday will announce a long-awaited decision on whether she will charge actor Alec Baldwin or others for fatally shooting cinematographer Halyna Hutchins in 2021 as Baldwin rehearsed a scene on the Western movie "Rust." Hutchins was killed and director Joel Souza was wounded when a gun Baldwin was using during a rehearsal in October 2021 fired off a live bullet. Authorities have been trying to determine how a real bullet made its way to the movie set. Under the agreement, filming on the low-budget movie is set to resume this month with Hutchins' husband serving as an executive producer.

☆ Mexico cracks down on solar geoengineering, forcing startup to pause operations
▼ + stars: | 2023-01-18 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +6 min

The sun sets behind power lines near homes during a heat wave in Los Angeles, California on September 6, 2022. On Friday, the government of Mexico issued a statement that it plans to "prohibit and, where appropriate, stop experimentation practices with solar geoengineering in the country." Both Wanser and Make Sunsets both indicated their support for thorough and detailed study of sunlight reflection technologies. But it's not known whether the damage caused by sunlight reflection technology — possibly including damage to the ozone layer, increased respiratory illness, and acid rain — could be worse than the future effects of global warming. Understanding its risks and benefits through research is critical for the world's most climate-vulnerable people," she said in a statement.

☆ Davos 2023: Gogoro, Belrise to invest $2.5 bln in battery swapping network in Indian state
▼ + stars: | 2023-01-17 | by ( Brenda Goh | ) www.reuters.com time to read: +2 min

DAVOS, Switzerland, Jan 17 (Reuters) - India's Maharashtra state on Tuesday signed a deal with Taiwan's Gogoro (GGR.O) and automotive system maker Belrise Industries under which the two firms will invest $2.5 billion over eight years in building battery-swapping infrastructure across the state. Shares in Gogoro Inc rose 7.1% after the deal was announced. The companies will start deploying the infrastructure this year and hope that it will encourage energy vehicle use as well as help to reduce energy costs for farmers. Gogoro is known for its green-hued battery swap distribution network for riders in Taiwan and makes its own vehicles as well as batteries. India's Belrise Industries Ltd, previously known as Badve Engineering, produces about one third of all two-wheel and three-wheel chassis made in the country.

☆ Economists say there is a 61% likelihood for a recession in 2023, and businesses are preparing
▼ + stars: | 2023-01-16 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

Economists say there is a 61% likelihood for a recession in 2023, according to the Wall Street Journal survey. Some say high interest rates will push the US economy into the recession. For instance, some say higher interest rates will push the U.S. economy into a recession this year. Regardless, businesses and workers alike are preparingSince the middle of 2022, businesses and workers have continued preparing for the economic downturn to come. Despite today's economic fears, now is actually a beneficial time to start these small businesses, financial experts told Insider.

☆ Rashford role in equaliser was clear interference, says City's Akanji
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +1 min

Jan 15 (Reuters) - Manchester City defender Manuel Akanji said Marcus Rashford was clearly interfering with play in the lead-up to Manchester United's equaliser in their Premier League match on Saturday. "Fernandes tells him he's not in an offside position and he can shoot. That's when he stopped and for me it's a clear interference," Akanji told Viaplay. United's Luke Shaw told Sky Sports that the City defender covering Rashford was not able to reach the ball. "They will argue that he (Rashford) has to touch the ball to be active.

☆ Small businesses are saving the economy from a recession for now
▼ + stars: | 2023-01-15 | by ( Jennifer Ortakales Dawkins | Madison Hoff | ) www.businessinsider.com time to read: +5 min

☆ Meta's ad business is making a comeback thanks to its AI-powered improvements — but core Facebook is still struggling to get spend
▼ + stars: | 2023-01-12 | by ( Lauren Johnson | Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

They're now seeing improvements in performance, and are planning to devote bigger budgets to the platform this year. Those capabilities are finally showing up in Meta's ad offering. Another example is a recently-released feature called Advantage+ that uses Meta's AI to find relevant audiences for ads. Analysts at Arete research forecast a 6% decline in Facebook's annual ad revenue to $72.4 billion this year, though they also expect Instagram ad revenue will grow by 2% to $36 billion. Besides TikTok, Meta is now going head-to-head with Apple, and a host of new retail media and streaming TV ad businesses.

☆ Inflation is expected to have declined in December, but it may not be enough to stop the Fed
▼ + stars: | 2023-01-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

They also point to weaker-than-expected wage growth in December's jobs report, as well as other data that reflects lower inflation expectations. Inflation is rolling over, and the Fed is almost done raising interest rates," said Peter Boockvar, chief investment officer at Bleakley Financial Group. A basis point equals 0.01 of a percentage point. Rental market data shows a slowing in rates, but the CPI has not yet reflected it. "Everyone is familiar with the lag that it takes for the data to show up in the CPI," Tilley added.

☆ How health insurance may have made health care more expensive
▼ + stars: | 2023-01-08 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

Roughly 40% of U.S. adults have at least $250 in medical debt, according to a survey conducted by Kaiser Family Foundation. There are many complicated reasons for the rise in the cost of care such as not prioritizing preventive care or a lack of price transparency, but one of the biggest catalysts for inflation was the rise of health insurance. In the early 2000s, federal legislation led to a major restructuring of how insurance plans shared costs, with the 2003 Medicare Modernization Act spurring a boom in high-deductible health insurance plans. A deductible is the amount a policyholder has to pay upfront before their health insurance plan kicks in. Watch the video above to learn more about how medical debt became so common in the U.S. health care system and what we can do to change it.

☆ Inventor in Baja is testing a plan to cool the Earth by mimicking a volcanic eruption
▼ + stars: | 2023-01-07 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +14 min

When Luke Iseman was thinking of launching a solar geoengineering startup, he talked to experts in the field. I want no geoengineering to occur," Iseman told CNBC. And that's a that's a pretty terrifying world to imagine," Iseman told CNBC. "Initially, I was really skeptical entirely of the of the voluntary carbon credit market," Iseman told CNBC. Pasztor told CNBC.

☆ Phishing attacks are increasing and getting more sophisticated. Here's how to avoid them
▼ + stars: | 2023-01-07 | by ( Bob Violino | ) www.cnbc.com time to read: +5 min

That's a 61% increase in the rate of phishing attacks compared with 2021. Criminals using phishing attacks based on tax season, shopping dealsOne of the iterations of phishing that people need to be aware of is spearphishing, a more targeted form of phishing that often uses topical lures. Phishing themes can also be generic, such as an email that appears to be from a technology vendor about resetting an account, McNamara said. What people should do to ward off phishing attemptsIndividuals can take steps to better defend themselves against phishing attacks. Another good practice is to use anti-phishing software and other cyber security tools as protection against potential attacks and to keep personal and work data safe.

Doctors are calling on the public to familiarize themselves with lifesaving CPR techniques after Buffalo Bills safety Damar Hamlin suffered cardiac arrest during a football game Monday night in Cincinnati. Hamlin received CPR, which stands for cardiopulmonary resuscitation, to restore his heartbeat on the field, the Bills said in a statement. The American Heart Association said it saw a 200% increase in web traffic to its CPR site after news of Hamlin’s cardiac arrest emerged. More than 30 states require public school students to learn CPR before high school graduation. Another possible solution, Toft said, is for the U.S. to require CPR training to obtain driver’s licenses — a strategy deployed in some Scandinavian countries.

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