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☆ Mariah Carey wanted to trademark 'Queen of Christmas' and 'Princess Christmas', but her application was rejected
▼ + stars: | 2022-11-16 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

The US Patent and Trademark Office rejected Mariah Carey's bid to trademark "Queen of Christmas". She told Variety: "Christmas is meant to be shared – it's not meant to be owned." Chan, a full-time festive singer-songwriter, was herself described as the "Queen of Christmas" by The New Yorker magazine in 2018. Carey's trademark application would have given her the legal right to stop others from using the festive titles on music and merchandise. Chan wasn't the only person to raise concerns about Carey's festive trademark application.

☆ Charlie Munger says crypto is a bad combo of fraud and delusion — 'good for kidnappers'
▼ + stars: | 2022-11-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Berkshire Hathaway Vice Chairman Charlie Munger, a longtime cryptocurrency skeptic, said digital currencies are a malicious combination of fraud and delusion. The country did not need a currency that was good for kidnappers," Munger said in an interview with CNBC's Becky Quick. I think that's totally crazy. Partly fraud and partly delusion. "Good ideas, carried to wretched excess, become bad ideas," Munger said.

☆ Twitter exec says there will soon be three types of accounts: official, paid, and unlabeled
▼ + stars: | 2022-11-08 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

Some originally verified accounts will soon sport an "official" label, she said, while any user who pays $7.99 per month for Twitter Blue, the company's subscription product, will sport a blue checkmark. Musk himself has benefitted from having the Twitter verification checkmark. Under Musk's direction, the new Twitter Blue checkmark will instead work as a paying subscriber badge that the company nonetheless plans to call "verification." "The new Twitter Blue does not include ID verification – it's an opt-in, paid subscription that offers a blue checkmark and access to select features. "Not all previously verified accounts will get the 'Official' label and the label is not available for purchase.

☆ Op-ed: Democrats are better for our country and economy
▼ + stars: | 2022-10-31 | by ( Rep. Suzan Delbene | Chair Of The New Democrat Coalition | ) www.cnbc.com time to read: +6 min

All of this is a direct result of the work Democrats have done in Congress and in the White House. While Democrats are moving America forward, Republicans are working to move our country and economy backward. Under President Biden's leadership, Democrats have grown our economy 3 times faster than when Republicans controlled Congress and the White House. This is what a pro-business, pro-worker, pro-economic growth party and economic plan look like. While Republicans look to the past, New Dems look to the future – and in about a week, Americans will decide between the two.

☆ Pixaera is vying to be the Roblox for the corporate world. It used this 11-slide pitch deck to raise $5.7 million for its VR platform used by BP and General Electric.
▼ + stars: | 2022-10-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

A startup aiming to be the Roblox for the corporate world has raised $5.7 million. Pixaera develops games that companies can use to offer employees more engaging training. Check out the 11-slide pitch deck the London-based startup used to raise the funds below. A British gaming startup that wants to become the "Roblox for professional learning" has raised $5.7 million in fresh funding. "What I saw is from 2014, 2015, when I started trying VR, the companies that were looking at this space were either learning companies or technical companies that aren't gaming-first," he said.

☆ These are Goldman's favorite long-term buys in the energy sector
▼ + stars: | 2022-10-27 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Even though the energy sector has sharply outperformed the broader market this year, there are still pockets of opportunity for investors looking for long-term buys, according to Goldman Sachs. Favorite long-term energy buys Every stock on Goldman's list is buy rated, including EOG Resources , which the firm recently upgraded to due to improving capital, upside from new plays and strong capital efficiency and execution. "We see 18% total return to our 12-month price target to EOG." Suncorcar has been an underperformer but offers an 18% upside to Goldman's 12-month price target. "We also see a series of catalysts that can improve sentiment including clarity on CEO, strong refining margins, protection from Western Canadian crudes and ongoing returns of capital," Mehta wrote.

☆ CNN chief Chris Licht has big ideas, but employees are nervous, and more job cuts are coming
▼ + stars: | 2022-10-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +13 min

Courtesy: CNNShifting from ZuckerPart of Licht's challenge as the new leader of CNN is he's not the old leader. There's also a hangover effect from the sudden collapse of CNN+, which Zucker pushed relentlessly as the future of the business. The comments heightened anxiety for many CNN staffers, according to six people who were at the company at the time. The changes should also bring workflow alignments to CNN digital and linear, which should help both entities' content and organization. CNN still hasn't named a chief digital officer, although the company's job posting now says it's filled.

☆ Dortmund draw 0-0 with Manchester City to join them in knockout stage
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

DORTMUND, Germany, Oct 25 (Reuters) - Borussia Dortmund drew 0-0 with already-qualified Manchester City on Tuesday to book their spot in the Champions League knockout stage with a game to spare. "We played much better in the second half. In the first half we conceded some balls and lost some counter-attacks," said City coach Pep Guardiola. "We finally rewarded ourselves against City with the point today," said Dortmund coach Edin Terzic. I have seldom seen a City game where they had so few chances."

☆ From Elon Musk's 'super bad feeling' to Jamie Dimon's warnings of an economic 'hurricane,' CEOs are shouting that 2023 is going to suck. Here's what 10 are predicting.
▼ + stars: | 2022-10-21 | by ( Hannah Towey | Jason Lalljee | ) www.businessinsider.com time to read: +8 min

91% of US CEOs anticipate there will be recession in the next 12 months, according to a KPMG survey. The Fed will further raise interest rates to combat inflation, which will increase costs for businesses. Those interest rates also mean that credit card and loan debt will get more expensive. Musk told investors in October that "North America is in pretty good health," but pushed back on the Fed's decision to keep raising interest rates. Citadel CEO Ken Griffin"Everybody likes to forecast recessions, and there will be one," Citadel's billionaire CEO told CNBC in late September, noting that he thinks inflation has peaked.

"I now expect the language of free markets and libertarianism to be consigned to scrap for quite some time. Truss had spent her summer campaign for the party leadership complaining about Britain's weak economic growth, productivity and low pay since the 2008 global financial crisis. Her solution was to challenge economic "orthodoxy" and demand faster, radical action to shake the economy out of its torpor. The Institute of Economic Affairs said of the economic plan: "This isn't a trickle-down budget – it's a boost-up budget." Register now for FREE unlimited access to Reuters.com RegisterEditing by Catherine EvansOur Standards: The Thomson Reuters Trust Principles.

☆ Jellysmack is launching a new studio that will produce months' worth of original content for creators
▼ + stars: | 2022-10-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

Jellysmack will produce original content for creators through its new division, JellySmash. When creators are burned out or simply seeking to scale, JellySmash can film two months' worth of videos in three days. Jellysmack on Tuesday unveiled a new original content division called JellySmash Productions that the company has been incubating for the past year. JellySmash will monetize the content by taking a cut of creators' ad dollars on the back-end of the content. Its flagship offering, the Jellysmack Creator Program, takes existing videos and optimizes them for distribution on other platforms.

☆ These beaten up U.S.-listed Chinese stocks are reading at attractive levels, Evercore ISI says
▼ + stars: | 2022-10-18 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

There may be an opportunity for investors to boost performance by snapping up shares of U.S.-listed Chinese stocks trading at a relative discount to their pandemic highs, according to Evercore ISI. "Despite the obvious challenges, we view risk/reward as attractive," analysts led by Julian Emanuel wrote in a Sunday note. "China US ADRs that have fallen significantly from their Pandemic Peak but have had favorable 2023e EPS revisions — could outperform." Evercore ISI screened for US-listed Chinese American depository receipts, or ADRs, with a market capitalization about $1 billion and that are down more from their pandemic peaks than Hong Kong's Hang Seng Index, which has fallen 47% this year. Evercore also sees a steep skew of expensive downside puts versus upside calls in the iShares China Large Cap ETF (FXI).

☆ Chart analyst Katie Stockton says short Tesla, sees a 'topping formation'
▼ + stars: | 2022-10-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Tesla is a prime target for short-selling as the stock's chart pattern peaks, said Katie Stockton, founder of Fairlead Strategies. Tesla fell another 2.9% Tuesday, bringing the year-to-date loss to about 46%, worse than the Nasdaq Composite's 34% decline. Stockton said it's risky to hold Tesla, and that it will probably continue to weaken. "Maybe not in the very, very near term, but beyond the very near term, we do think that we'll see some additional downside leadership from Tesla." In Tesla's most recent quarter, earnings per share beat expectations while revenue came in lower than anticipated .

☆ Britons are wearing coats inside, limiting TV use, and putting children in extra layers to avoid soaring energy bills
▼ + stars: | 2022-10-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Britons are worried about high energy bills as temperatures drop in the country. Three residents told the Guardian they were doing whatever they could to avoid heating their homes. One woman said she was wearing a jacket and hat inside to stay warm. Jo Love, a 64-year-old cleaner living in the UK, told the Guardian she was wearing a dressing gown, jacket, and hat in her house instead of turning on her heating. He told the Guardian he was putting his two young children, a two-year-old and a three-month-old, in extra layers.

At the International Monetary Fund's last count in the first quarter of this year, almost 5% of the world's foreign currency reserves were denominated in sterling - a total of $625 billion dollars worth of sterling and sterling assets on a crude calculation from the $12.55 trillion total. The UK has a reserve currency so it can always issue debt – it's just a question of the right price." But what if that reserve currency position is threatened and foreign central banks balk at holding so much sterling in their national savings stashes? Seven of the world's top 10 reserve holding central banks are in Asia or the Middle East. UBS chart on its 2022 survey of world reserve managersThe opinions expressed here are those of the author, a columnist for Reuters.

☆ I've been using a food-waste app to snap up free food, including coffee-shop salads, cookies, and meat from grocery stores
▼ + stars: | 2022-09-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

I've been using Olio to get free food and find new owners for items I no longer want. Since I started using the app in May, I've collected food including croissants, sandwiches, and long-life pantry products. A screenshot of listings on the Olio app. It only features corporate listings from the companies themselves, and users collect them from the establishment in question. Screenshot of the Olio appThere are also large numbers of Olio users in Singapore, Ireland, and Mexico as well as the UK, Clarke said.

☆ Goldman Sachs says this biotech working on a Botox rival drug could rally nearly 30%
▼ + stars: | 2022-09-22 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +5 min

Revance Therapeutics , a biotechnology company working on a Botox competitor set to soon launch in the U.S. is a solid bet, according to Goldman Sachs. Even if the U.S. falls into recession in the coming months, the company is poised to outperform, according to Goldman. U.S. and global growth Given these things, Goldman Sees Daxxify garnering 21% of the U.S. cosmetic neuromodulator market by 2025 and 35% by 2030. Even if the U.S. falls into recession in the coming months, the company is poised to outperform, according to Goldman. While pricing for Revance's Botox competitor has not yet been disclosed, Goldman estimates it will have a roughly 30% premium to competitors.

☆ I've been using a food-waste app to snap up free food and I'd recommend it in a heartbeat
▼ + stars: | 2022-09-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

I've been using Olio to get free food and find new owners for items I no longer want. Since I started using the app in May, I've collected food including croissants, sandwiches, and long-life pantry products. I've used Olio to find new homes for books I've read, clothes I don't like, and sweet rice I realized I'd never cook. It only features corporate listings from the companies themselves, and users collect them from the establishment in question. Screenshot of the Olio appThere are also large numbers of Olio users in Singapore, Ireland, and Mexico as well as the UK, Clarke said.

☆ After 28 years, 'Day 2' finally arrives at Amazon
▼ + stars: | 2022-08-24 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

Amazon is known for "Day 1" culture, maintaining a nimble mindset found on a startup's first day. This is a big challenge facing Amazon CEO Andy Jassy, who replaced founder Jeff Bezos last year. On May 26, Amazon retail CEO Dave Clark held a fireside chat with employees at an internal event called Fishbowl. But 28 years on, Day 2 has finally arrived, according to more than a dozen current and former Amazon employees who cited problems including a stodgy engineering culture, extra management layers, and rising red tape. "Historically Amazon was one of the best places for builders, but now when people want to build, they leave Amazon," this person said.

But to fully understand why rising bond yields make stocks less attractive, we need to look at what those yields mean in the real world and why they move. Why should we care about bond yields Bond yields, which move inversely to bond prices, have been going up in the current environment because inflation is bad for bonds and we've got tons of inflation. Doing so provides us with an earnings yield. Flip that and we get 1/20 or a 5% earnings yield. Now, an investor may have been happy to receive a 5% earnings yield when the risk-free yield was 1%.

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