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In this article CSG.N-CHSBNY Follow your favorite stocks CREATE FREE ACCOUNTPeople walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. Barry Norris, CEO of Argonaut Capital, which has a short position in Credit Suisse, stressed the importance of a smooth outcome. watch nowEuropean banking shares have suffered steep declines throughout the latest Credit Suisse saga, highlighting market concerns about the contagion effect given the sheer scale of the 167-year-old institution. At the moment, the forecaster sees the problems at Credit Suisse and SVB as "a collection of different idiosyncratic issues." "We know that for most banks, including Credit Suisse, that exposure to higher yields has largely been hedged.
"But I would very strongly recommend sticking to high-quality companies — that means strong management, strong balance sheets, strong value proposition. Even before the shock collapse of two U.S. banks last week, Credit Suisse has been beset with problems in recent years, including money laundering charges and spying allegations. Credit Suisse management said Wednesday, however, that its latest step to secure a sizable funding deal showed "decisive action" to strengthen the business. Analysts at UBS, meanwhile, said market participants were "grappling with three interrelated but different issues: bank solvency, bank liquidity, and bank profitability." "In short, we think bank solvency fears are overdone, and most banks retain strong liquidity positions," they added.
A recession could come sooner on cooling bank lending
  + stars: | 2023-03-15 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +1 min
In this article US2Y.VIXPACWFRCCSG.N-CH Follow your favorite stocks CREATE FREE ACCOUNTwatch nowStock Chart Icon Stock chart icon stx"Bear market bottoms are usually retested to ensure that the low is truly in. The rising risk of recession is now being exacerbated by the increased likelihood that banks will limit their lending," noted Sam Stovall, chief market strategist at CFRA. Treasury bonds, usually a more staid market, also traded dramatically. The 2-year Treasury yield was at 3.93% in afternoon trading, after it took a wild swing lower to 3.72%, well off its 4.22% close Tuesday. Stock Chart Icon Stock chart icon 2 y
The US military has at least six new air-to-air missiles in active development. The US's current air-to-air missiles are effective, but they aren't designed for the newest US jets. Russia and China are fielding missiles with incredible rangeChinese-made PL-9C, left, and PL-5E air-to-air missiles at the Airshow China exhibition in November 2000. Peregrine Air-to-Air missileRaytheon's Peregine air-to-air missile has actually been around for a few years already. Modular Advanced Missile (MAM)The Modular Advanced Missile (MAM) is among the newest additions to this list.
Japan's attack helicopter fleet currently comprises 12 AH-64 Apaches and 50 AH-1 Cobras, as well as an observation helicopter fleet of 37 Kawasaki OH-1s. Nonetheless, Japan's decision to junk its attack helicopters has other nations thinking what to do with theirs. "Now we have the judgement of Japan, a close friend, that attack helicopters are not worthwhile even for its capability requirements, which include land fighting to defend territory." Christopher BroomeJust as helicopters replaced many of the functions once performed by aircraft, now drones may replace helicopters for attack and scouting missions. Rather than attack helicopters being replaced by drones, it seems more likely they will team up with drones.
Deere (DE) posts a big earnings beat: $6.55 per share for fiscal 2023 first quarter, beating estimates of $5.53. Roku (ROKU) double upgraded at Bank of America to buy, price target to $85 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
UPS's Coyote freight brokerage lays off workers as demand falls
  + stars: | 2023-02-17 | by ( ) www.reuters.com   time to read: +2 min
LOS ANGELES, Feb 17 (Reuters) - Coyote Logistics, United Parcel Service's (UPS.N) nonunion freight brokerage subsidiary, on Friday said it was laying off workers as rising interest rates, inflation and a resumption of pre-pandemic consumer spending patterns weaken demand for trucking services. A Feb. 16 report from transportation news provider FreightWaves said 200 jobs would be eliminated. That demand slowed when restaurant dining reopened, travel resumed and global economies started flashing recession warnings, and now those same companies are slashing jobs. UPS is also cut union jobs in its mainstay delivery service. Affected unionized workers with seniority have the option of leaving the company or taking a different role, which could mean that employees with less seniority lose their positions.
Ash from the eruption disrupted flights across Europe — including a time-sensitive shipment of experimental radioligand therapy that Sartor was expecting from Norway. Radioligand therapy, also called radionuclide or radiopharmaceutical therapy, is a targeted form of cancer treatment that delivers radiation directly to cancer cells. Once the radioactivity decays, it can no longer kill the cancer cells as effectively, which means radioligand therapy has a limited window of viability. Expensive to produce and ship fastNuclear medicine has been used to treat cancer for decades, and radioligand therapy itself is not new. In 2008, he traveled to a medical conference in Toronto where he heard about radioligand therapy for the first time.
While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
BERLIN, Jan 19 (Reuters) - Germany's planned purchase of 60 Chinook heavy-lift helicopters manufactured by Boeing (BA.N) to replace its ageing CH-53 fleet could cost twice as much as planned, Business Insider reported on Thursday, citing several government and industry sources. Six billion euros ($6.47 billion) had been budgeted for the helicopters, but the U.S. Army has signalled to Germany that the desired equipment is cost-intensive as some components have not even been fully developed, the German news outlet said. Boeing is currently working on new rotor blades as part of the Chinook's Block II configuration but these developments had not been requested by Germany, the spokesperson said. On aerial refuelling, the person added that this had been a feature of Chinook helicopters for 35 years. Germany's Chancellor Olaf Scholz shifted policy in February after Russia invaded Ukraine, sharply increasing defence spending and committing 100 billion euros for the Bundeswehr, Germany's armed forces.
Chili’s Original Chicken TendersChili's replaced its Original Chicken Crispers with something crispier, as pictured here. Honest TeaRIP Honest Tea. Weeks after Coke’s announcement, the founders of Honest Tea launched another bottled iced tea drink called Eat the Change. Wendy’s Vanilla FrostyWendy's vanilla Frosty will come back eventually. Let’s be clear: the Vanilla Frosty isn’t gone for good.
[1/2] Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-HoonWASHINGTON, Dec 23 (Reuters) - The U.S. awarded defense contracts to companies on Friday, including one of over a billion dollars to Lockheed Martin Corp (LMT.N), the Department of Defense said in a statement. "This contract procures long lead time materials, parts, components, and efforts necessary to maintain on-time production and delivery of 118 Lot 18 aircraft F-35 aircraft for the Air Force, Marine Corps, Navy, non-U.S Department of Defense participants, and Foreign Military Sales customers," the department said on the $1.05 billion Lockheed contract. Earlier this month, Lockheed Martin received a Defense Department contract worth $431 million to deliver new High Mobility Artillery Rocket Systems (HIMARS) and support services for the U.S. Army and its foreign allies. Separately, Boeing Co (BA.N) was awarded a $497 million firm-fixed-price contract for CH-47F helicopters, the department said on Friday, adding Dec. 30, 2025, was the estimated contract completion date.
Yet, the latest disclosure, which shows fundraising for the super PAC from Oct. 20 through Nov. 28, also lists nine other individual contributions totaling over $900,000. Wealthy businessman Timothy Mellon contributed $1.5 million to the super PAC on Oct. 5, according to the records. This small group of megadonors arrived in support of the super PAC just prior to other influential financiers deciding they will not back Trump's 2024 candidacy for president. During Trump's first run for the White House in 2016, Pate financed the anti-Trump super PAC We The People Foundation. Anthony Lomangino, a recycling mogul, donated $100,000 to the super PAC on Nov. 4.
Ernest Garcia III, CEO of Carvana, speaks to CNBC on the floor of the New York Stock Exchange, March 7, 2019. Shares of Carvana plummeted by more than 40% in Wednesday morning trading after the embattled online used car retailer's largest creditors signed a deal binding them to act together in negotiations with the company. Such creditor agreements are viewed as a way to streamline negotiations around new financing or a debt restructuring. JPMorgan said Wednesday that the creditor deal signals that Carvana "may have initiated debt restructuring negotiations with bond holders" but the "possibility of imminent Ch. Carvana's stock has plummeted by about 97% this year after reaching an all-time intraday high of $376.83 per share on Aug. 10, 2021.
Influencers and celebrities talking about mental health online is important, but can turn problematic when used as a marketing tool. Georgijevic | E+ | Getty ImagesOpen conversations about mental health are as important as ever — and social media influencers can play a key role in starting them. "I suffered from anxiety," "I suffered from alcohol addiction," "I suffered from mental health," were some examples. German mental health charity Deutsche Depressionsliga, which is run by and for those who have depression, released a statement titled "depression is not a marketing tool" in response. 'A duty of care'Simon Gunning, CEO at the British mental health charity Campaign Against Living Miserably, said that acting responsibly is most important when it comes to online conversations about mental health.
Binance backs out of rescue of Bankman-Fried's FTX, leaving the crypto exchange on the brink of collapse. Citi cuts price target on Coinbase Global (COIN) to $80 per share from $105, believing the FTX troubles could be a clearing event in the crypto market. Oppenheimer cuts price target on Club holding Salesforce (CRM) to $200 per share from $240; keeps outperform (buy) rating. Gordon Haskett upgrades Club holdings TJX Companies (TJX) to buy from hold, with an $80 per share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
The route included 22 tunnels, 48 bridges, and numerous steep inclines and turns. swiss-image.ch/Philipp Schmidli"We all know the Albula Line very well, every change of gradient, every incline," the train's lead driver, Andreas Kramer, told CNN. "We need to be 100% synchronized, every second. Everyone has to keep their speed and other systems under control at all times."
Cramer's lightning round: Let's stay with Frontier
  + stars: | 2022-10-28 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...CH Robinson Worldwide Inc : "We don't need any more of these logistics companies. Loading chart...EQT Corp : "I'm going bullish, because I believe in natural gas." Loading chart...Frontier Group Holdings Inc : "I'm not going to go against an airline when people seem to want to travel more than they want to talk with people. So, let's stay with it." Camping World Holdings Inc : "Too cheap.
The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.
Logistics CEOs told Insider the picture going into peak season is less clear than in past years. "The consumer is going to have much more choice and availability," Malcolm Wilson, CEO of logistics firm GXO, told Insider. But no one knows if the customers will show up or not," Rubin told Insider. A "smooth" peak isn't necessarily a bad peak — what's almost certain though is that it will look bad compared to last year. "When I look at our customer base, what I see is a degree of optimism about the future, they're continuing to invest," Wilson told Insider.
Europeans are rushing to buy portable heaters and heated blankets ahead of energy bill hikes this winter. Portable electric heaters sales from two Swiss retailers are up 300% this year, per Tagesanzeige. Sales of portable electric heaters from Swiss retailers Microspot and Interdiscount are up 300% this year compared with 2021, a spokesperson told Swiss newspaper Tagesanzeige. The companies sold the most of the heaters in July, the spokesperson told Tagesanzeige. The spokesperson told Insider that: "The following is speculation, but in Switzerland we are currently expecting gas shortages in winter.
Read previewAs the logistics industry becomes increasingly consumed by e-commerce, top-10 global logistics provider C.H. Robinson has hired an online veteran as its first ever chief product officer, reporting directly to CEO Bob Biesterfeld. E-commerce is becoming a dominant force in the logistics industry, with virtually every player attempting to cut off a slice. The CEO is also hoping that some of the hallmarks of digitally-native businesses like Zappos will rub off at C.H. Mimicking the ease of online consumer experiences for logistics processes will be on Rajan's plate come September.
Persons: , Robinson, Bob Biesterfeld, Arun Rajan, Biesterfeld, Rajan Organizations: Service, C.H, Amazon's, Foods, Zappos, Business, Cargo Locations: Europe, C.H
Sursa foto: rbc.ruInvestigație Eureporter: Rusia, prin FSB și Ceaika, pompează bani în BECS; Ce a făcut Dodon în ultima vizită la MoscovaMoscova finanțează Blocul Comuniștilor și Socialiștilor, întreaga campanie a acestora fiind coordonată cu FSB și controversatul Igor Ceaika, scrie publicația Eureporter, într-o investigație care arată bugete colosale ale campaniei socialiștilor și comuniștilor. Publicația de la Bruxelles a verificat datele și dezvăluie mecanismele inventate de socialiști și aliații săi, comuniștii, pentru ultima etapă a campaniei electorale, cu implicarea și aprobarea directă a Moscovei. Cheltuielile suportate sunt: ​​canvassing (panouri publicitare, bannere, pliante, afișe și ziare), mass-media „clasică” (spoturi electorale radio și TV) și social media. „New” Media (cunoscută și ca social media) este o parte importantă a campaniei electorale a BECS, cu o alocare de 100 000 de euro. Producția video pentru campania BECS a fost prolifică, deoarece zeci de clipuri de înaltă calitate au fost produse și distribuite pe rețelele de socializare.
Persons: Dodon, Igor Ceaika, Igor Dodon, Igor Yurievich Ch, BECS, Ceaika Organizations: FSB, Socialiștilor, Ceaika, Blocului, CEC, Federația, Partidul Socialiștilor Locations: Rusia, Moscova Moscova, Moscova, Bruxelles, Moscovei, sovietic, Republica Moldova, Nord, Sud, Găgăuzia, Chișinău, New, Republicii Moldova, Europa de Vest, Transnistria, Federația Rusă, ruse, Moldova, RM, Moldovei, Kremlin, mocirlă, Rusiei
Несколько населенных пунктов на северо-востоке Франции 29 июня засыпало градом. В некоторых городах департамента Вогезы образовались сугробы из града толщиной несколько десятков сантиметров. Жителям нескольких городов департамента Вогезы пришлось в середине лета достать лопаты для уборки снега и задействовать снегоочистительную технику из-за большого объема выпавших осадков в виде града. Как сообщает источник, ранее град обрушился также на Германию и Швейцарию. Швейцарское информационное агентство ATS, на которое ссылается thelocal.ch, сообщило о граде огромного размера в кантоне Люцерн — диаметром до семи сантиметров.
Locations: Франция, Вогезы, Вогеза, Германия, Швейцария, Люцерн
Несколько населенных пунктов на северо-востоке Франции 29 июня засыпало градом. В некоторых городах департамента Вогезы образовались сугробы из града толщиной несколько десятков сантиметров. Жителям нескольких городов департамента Вогезы пришлось в середине лета достать лопаты для уборки снега и задействовать снегоочистительную технику из-за большого объема выпавших осадков в виде града. Швейцарское информационное агентство ATS, на которое ссылается thelocal.ch, сообщило о граде огромного размера в кантоне Люцерн — диаметром до семи сантиметров. Также по меньшей мере пять человек получили травмы в немецкоязычных кантонах, в том числе велосипедист, получивший травму головы из-за града.
Locations: Франция, Вогезы, Вогеза, Германия, Швейцария, Люцерн, Фрибур
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