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☆ Amazon is the 500-pound gorilla in a room full of puppies when it comes to corporate buying of wind and solar power
▼ + stars: | 2023-05-06 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

In 2022, Amazon bought 10.9 gigawatts of clean power, making it the largest corporate buyer of renewable power in the world, according to data from the market research company BloombergNEF. It's also more than four times the amount of clean energy that the second-largest purchaser of clean power, Facebook parent company Meta , bought in 2022. Since 2019, Amazon has scaled from having one gigawatt of renewable energy to more than 20 gigawatts of publicly announced renewable power. Amazon is focused on building new wind and solar projects, Daitch told CNBC. But that's really more of a bridging solution and not our core strategy, which is around enabling new wind and solar projects," Daitch said.

☆ S&P 500 Starts Week Lower, Short of Bull Market Territory
▼ + stars: | 2023-05-06 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: dow

☆ Nasdaq Leads Stocks Higher After Strong Tech Earnings
▼ + stars: | 2023-04-27 | by ( Charley Grant | Caitlin Mccabe | ) www.wsj.com time to read: 1 min

☆ First Republic Bank Shares Sink 49% After Earnings Report
▼ + stars: | 2023-04-25 | by ( Gina Heeb | Charley Grant | ) www.wsj.com time to read: 1 min

First Republic Bank recently unveiled a number of changes, including a plan to win deposits from new consumers. Photo: Thalia Juarez for The Wall Street JournalFirst Republic Bank shares lost about half their value Tuesday, a day after the bank reported first-quarter results that showed a deposit hemorrhage in March that was worse than expected. The stock shed 49% to close at $8.10, a new low. Trading in First Republic shares was halted several times Tuesday afternoon after the stock tumbled.

☆ Fact Check-Circulating photo is from a gaming expo, does not show the lobby at CERN
▼ + stars: | 2023-04-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A tweet said, in part, “The lobby at CERN; Nothing at all demonic to see here…” (here). The posts show what appears to be a 3D art display of demonic figures or creatures climbing out of the floor, with observers in the background. An online search for the photo leads to a blog post (here), (here) by 3D artist Kurt Wenner (kurtwenner.com/biography/). He was commissioned by Microsoft Studios to promote the “Gears of War” video game series, the first installment of which was released in November 2006. The photo shows a 3D art illustration by artist Kurt Wenner at a gaming expo in 2006 and does not show the CERN lobby.

☆ 10 ways Tasers and stun guns can damage your body and brain, from twisted testicles to temporary memory loss
▼ + stars: | 2023-04-10 | by ( Kelly Burch | ) www.businessinsider.com time to read: +9 min

Tasers, AKA stun guns, cause your muscles to seize up, which can make them sore for days after. Police and law enforcement have been using Tasers, known generally as stun guns, since 1974 as a safer alternative to guns. Put another way, all Tasers are stun guns, but not all stun guns are Tasers. Stun guns make your muscles seize up like a Charley horseA police officer's painful reaction to being tasered during a training course on stun guns. Rarely, stun guns can severely harm kidney functionVery rarely, stun guns can cause a serious condition called rhabdomyolysis, AKA rhabdo, which can be fatal.

☆ Stocks Slump on Signs of Economic Slowdown
▼ + stars: | 2023-04-04 | by ( Charley Grant | Will Horner | ) www.wsj.com time to read: 1 min

☆ March Swoon Is Nothing New for Bank Investors
▼ + stars: | 2023-03-30 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

Bank stocks are reeling again in the wake of this month’s turmoil. They face a long road to win back investors. The abrupt collapses of Silicon Valley Bank and Signature Bank sparked contagion fears in the sector, helping to pull the KBW Nasdaq Bank Index down 25% in March through Wednesday. That is on track to mark the fourth-worst month on record dating to 1992, according to Dow Jones Market Data.

☆ This $23.5 Million Alaska Property Is Sitting on an Actual Gold Mine
▼ + stars: | 2023-03-25 | by ( Libertina Brandt | ) www.wsj.com time to read: 1 min

In the east central region of Alaska, a property in the Yukon—Charley Rivers National Preserve is hitting the market for $23.5 million. The property, which is called Woodchopper Gold Claim, is being sold by Alaska resident and geologist Lynn Vogler. It sits along the Woodchopper Creek which flows into the Yukon River and has been the site of gold exploration for over 100 years, according to Mr. Vogler. Around 117,000 documented troy ounces of gold have been extracted along the creek, he said.

☆ Charles Schwab Says It Could Ride Out a Deposit Flight
▼ + stars: | 2023-03-23 | by ( Justin Baer | Charley Grant | ) www.wsj.com time to read: 1 min

Charles Schwab Corp., one of a host of financial firms that have taken a drubbing since the collapse of several regional banks this month, is pushing back against fears that it could face some of the same problems as paper losses on its bondholdings mount. In an interview with The Wall Street Journal, Schwab’s chief executive said the brokerage giant could continue to operate even if it lost most of its deposits over the next year.

☆ Regional Bank Chaos Clouds Outlook for Markets
▼ + stars: | 2023-03-15 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

In just four trading days, the market’s script has flipped. Nearly a year has passed since the Federal Reserve began raising interest rates to combat high inflation. Ever since, investors have fixated on when the central bank might end its campaign and, eventually, begin to reverse it. Few investors had bank failures on their list of potential market risks for 2023.

☆ Dividend Stocks Have New Competition: Cash
▼ + stars: | 2023-03-12 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

AT&T cut its dividend last year when it divested the WarnerMedia division. Stocks used to be the only game in town for investors chasing robust returns. Soaring inflation has pushed government-bond yields to their highest levels in more than a decade. That, coupled with a soggy stock market, has led to a steady decline in the number of stocks that offer comparatively high yields: There were just 34 stocks in the S&P 500 with a dividend yield above that on the six-month Treasury bill as of Friday, according to Birinyi Associates. The six-month yield settled at 5.116%, according to Dow Jones Market Data

☆ Crypto Firms Ditch Silvergate, a Favorite Bank Partner
▼ + stars: | 2023-03-03 | by ( Caitlin Ostroff | Charley Grant | ) www.wsj.com time to read: 1 min

A raft of crypto companies cut ties on Thursday with Silvergate Capital Corp., whose focus on the crypto industry was once its selling point but quickly became a liability. Crypto firms Coinbase Global Inc., Circle Internet Financial Ltd., Paxos Trust Co. and Galaxy Digital Holdings Ltd. all announced plans Thursday to stop banking with Silvergate. Late Wednesday, Silvergate said that it was at risk of being “less than well-capitalized” and was evaluating its ability to continue doing business. Its stock dropped 55% Thursday.

☆ Brisk Sales Are Powering Restaurant Stocks
▼ + stars: | 2023-03-01 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

U.S. consumers are still flocking to restaurants and bars. Lately, shareholders have been cashing in. The restaurant industry usually fares well when labor and food costs rise gradually, and attracting customers with lower prices becomes easier. Even though inflation has remained stubbornly high of late, that hasn’t prevented restaurant companies—and their stocks—from thriving.

☆ Stocks Rally Despite Squeeze on Profitability
▼ + stars: | 2023-02-21 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

Chipotle said it expects sales growth, which was boosted last year by price increases, to moderate. This year’s stock rally has a surprising feature: a smaller share of revenue at big U.S. companies is reaching the bottom line. With fourth-quarter earnings season nearly complete, the net profit margin of companies in the S&P 500 has fallen to 11.3%, based on actual results and analyst estimates for companies that have yet to report. That would mark the sixth consecutive quarterly decline from the peak of 13% in 2021, according to FactSet.

☆ The Dow Industrials Are Sitting Out the Stock Market’s Wild Ride
▼ + stars: | 2023-02-09 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

The Dow Jones Industrial Average last year was a relative bright spot in a battered stock market. Now, speculation is back, and the blue chips are falling behind. The 30-stock index is up 2.4% in 2023 but is badly trailing the Nasdaq Composite Index, which has surged 14%. Largely home to technology and other growth stocks, the Nasdaq is off to its best start since 1991, and the spread between the indexes is the widest since 2000 for any year through Feb. 8.

☆ George Santos has been accused of lying constantly. This is what experts say about the psychology of compulsive liars.
▼ + stars: | 2023-02-05 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +11 min

Experts said pathological lying could exist on its own or be a feature of a personality disorder. What drives compulsive liars, and is George Santos one? Many psychologists say compulsive lying is often a feature of a personality disorder, such as antisocial-personality disorder or narcissistic-personality disorder. Curtis explained that it is important to distinguish people who are just pathological liars, and those that engage in pathological lying as part of a personality disorder — a key difference being that pathological liars do typically exhibit some remorse about lying. "That is unusual for him and unusual for many of the cases that we've explored of pathological liars," Hart said.

☆ Travel Stocks Soar After Pandemic Struggles
▼ + stars: | 2023-02-03 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

The travel industry is making a comeback from Covid-19. Consumers have flocked to the skies, after the worst of the pandemic essentially shuttered the travel industry. Shares of companies focused on travel are among the early winners of 2023. United Airlines Holdings Inc. and American Airlines Group Inc. have advanced 39% and 34%, respectively. Caesars Entertainment Inc. has advanced 29%, while Marriott International Inc. is up 18%.

☆ George Santos admits he 'lied to everyone' in leaked audio recorded this week by a prospective staffer
▼ + stars: | 2023-02-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

A prospective staffer secretly recorded Rep. George Santos, Talking Points Memo reported. In the recording, Santos remarks that he "lied to everyone." The recording was reportedly made on January 30 inside Santos' office by Derek Myers, a journalist and prospective staffer that Santos ultimately decided not to hire. Myers told TPM the remark stunned him, given the accusations Santos faces about his own misconduct. "I trust his judgment more than my own judgment," Santos added.

☆ Investors Await Tech Earnings in Next Test for Markets
▼ + stars: | 2023-01-24 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

Tech companies such as Microsoft are sharply cutting staff after head counts swelled in the pandemic boom. Technology stocks are off to a strong start after enduring a miserable 2022. The first big test of the new year’s rally is on tap. Even after their sharp selloff, the five largest U.S. companies— Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc. and Berkshire Hathaway Inc.—account for 18.9% of the S&P 500. That is well above the historical average of about 15%, according to S&P Dow Jones Indices.

Fourth-quarter profit plunged 66% from a year ago at Goldman Sachs Group Inc. and 40% at Morgan Stanley , reflecting a continued slowdown in the corporate deal-making that had fueled record earnings a year earlier. Both banks on Tuesday also reported lower revenue.

☆ Goldman Sachs Lost $3 Billion on Consumer Lending Push
▼ + stars: | 2023-01-13 | by ( Annamaria Andriotis | Charley Grant | ) www.wsj.com time to read: 1 min

Goldman Sachs Group Inc. said a big chunk of its consumer lending business lost slightly more than $3 billion since 2020, revealing for the first time the costly toll of the Wall Street giant’s Main Street push. Ahead of fourth-quarter earnings, scheduled to publish next week, Goldman released financial information that reflects its new reporting structure. The bank in October announced a sweeping reorganization that combined its flagship investment-banking and trading businesses into one unit, while merging asset and wealth management into another.

☆ S&P 500 Slips Lower After a Strong July
▼ + stars: | 2023-01-08 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

Persons: Dow Jones Organizations: dow

☆ Two classic books on long-term investing are out in new editions
▼ + stars: | 2023-01-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Two classic books on long-term investing are out in new editions. In December, the Wharton School's Jeremy Siegel published a new (6th) edition of his classic, Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies. Like Malkiel, Ellis urged investors to diversify into low-cost index fund investing, which was a radical idea because there were no low-cost index funds at the time! The market eventually caught up with Malkiel, Siegel, Ellis and Bogle. Investors now had not just an index fund, they had a low-cost, tax-efficient wrapper they could buy it in.

☆ A Florida crypto entrepreneur bragged in the middle of his January 6 testimony about his 'legs day' personal record at the gym
▼ + stars: | 2022-12-30 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +4 min

Crypto advocate Samuel Armes had an eventful interview with the January 6 committee in July 2022. In the middle of being grilled about who authored the document, Armes ended up on the floor with a leg cramp and then bragged about how much weight he had just lifted. "Sorry, I'm cramping," Armes told Rep. Zoe Lofgren during the virtual interview, per the transcript released on December 23. He acknowledged in the interview with the committee that elements of his plan were used in the lengthier "1776 returns" document he was shown. "I ended up sharing it with her on a Google Drive," he told the committee, referring to Flores.

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