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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is still on a bumpy ride, says U.S. Bank's Lisa EricksonLisa Erickson, head of the public markets group at U.S. Bank Wealth Management, joins 'Squawk Box' to discuss high inflation, economic risks, and investment in real asset categories for dividend yield.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with U.S. Bank Wealth Management's Lisa EricksonLisa Erickson, head of the public markets group at U.S. Bank Wealth Management, joins 'Squawk Box' to discuss high inflation, risks to the economy, and investment in real asset categories for dividend yield.
Amazon to report quarterly results after market close
  + stars: | 2023-02-02 | by ( Annie Palmer | ) www.cnbc.com   time to read: +3 min
Amazon will report fourth-quarter earnings after the market close on Thursday. The company warned in its most recent earnings report that fourth-quarter revenue would rise just 2% to 8% from a year earlier. Amazon Web Services is expected to show slowing growth during the fourth quarter as businesses softened their spending in an effort to cut costs. One bright spot could be Amazon's advertising business, which is expected to post solid revenue growth during the quarter. Apple and Alphabet also report results after the bell on Thursday, wrapping up earnings season among the highest-valued tech companies.
Pete Buttigieg gave the airline a deadline for refunds, but it came and went. John Erickson, a Southwest passenger who was stuck in Denver for three days after Southwest canceled his flight, told WFLA the airline told him it would take months to receive his refund. In a statement provided to Insider, Southwest rebuked the possibility it engaged in unrealistic flight schedules. Southwest previously told Insider last week it was still working daily to process refund and reimbursement requests from passengers. The spokesperson said DOT "will hold Southwest accountable if it fails" to issue timely refunds or reimbursements.
RBC's Brad Erickson breaks down big tech
  + stars: | 2023-01-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's Brad Erickson breaks down big techRBC analyst Brad Erickson joins 'TechCheck' to break down big tech, his outlook on tech earnings next week, and cloud growth.
The tech industry relies on skilled-work visas for foreign hires in a system critics say is broken. Now the USCIS is proposing fee hikes for visa applications, at a time when it's already challenging. It would be another hurdle on top of recent tech layoffs and scarce visa availability, experts say. While the proposed fee hikes are presented as a solution to end backlogs and address bureaucratic headaches, experts say they would make it more difficult to hire foreign talent. Are you an H-1B visa holder and have a story to share?
Triller is in a holding pattern on its path to becoming a public company. A spokesperson said that once its registration statement is declared effective, it will make the filing public for the required time ahead of its public listing. The long slog toward becoming a public company as lawsuits pile upTriller has been pursuing a public offering for over a year. In December 2021, Triller announced it instead planned to go public via a reverse merger with the video-tech company Seachange International. "After much deliberation, Triller has determined that the best course of action is a direct listing for Triller."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rate cuts won't happen until the back half of '24, says Veritas' Greg BranchGreg Branch, Veritas Financial founder, and Lisa Erickson, head of the U.S. Bank Wealth Management public markets group, join 'Squawk Box' to discuss how they are positioning ahead of this week's economic data.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Veritas' Greg Branch and U.S. Bank's Lisa EricksonGreg Branch, Veritas Financial founder, and Lisa Erickson, head of the U.S. Bank Wealth Management public markets group, join 'Squawk Box' to discuss how they are positioning ahead of this week's economic data.
On top of that, the Justice Department is reportedly investigating the 2010 merger of industry leaders Ticketmaster and Live Nation. Live Nation Entertainment said in a statement that it owns and operates just over 100 of the nearly 4,000 total live music venues in the United States. "Put simply, artists, venues, and consumers should no longer be at the mercy of a single seller," Sens. At the same time, Live Nation Entertainment is seeing a record year due to more shows than ever. "We always welcome the opportunity to discuss important issues facing the live entertainment industry," Live Nation said in a statement.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks remain 'place to be' looking beyond 2023, says Sylvia JablonskiSylvia Jablonski, CEO and chief investment officer of Defiance ETFs, and Lisa Erickson, head of the U.S. Bank Wealth Management public markets group, join CNBC’s ‘Squawk Box’ to discuss the impact of inflation on the economy, the probability of recession, and more.
How to Actually Enjoy the Holidays
  + stars: | 2022-12-07 | by ( Hannah Seo | Catherine Pearson | Dana G. Smith | ) www.nytimes.com   time to read: +20 min
Economic worries have made this holiday season particularly stressful for some. The holiday season can bring out the absolute worst in some kids. Some parents welcome that break from structure, and that’s OK. “Parents get to decide what works and what doesn’t work with their family,” Dr. Naumburg said. “Gratitude and savoring are the opposite.”Dr. Kurtz recommended starting a simple gratitude practice early in the holiday season. As the holidays unfold, make an effort to savor the season, Dr. Kurtz said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt is not the time to be a big bear on stocks, says Paul McCulleyLisa Erickson, head of the U.S. Bank Wealth Management public markets group, and Paul McCulley, former chief economist with PIMCO, join 'Squawk on the Street' to discuss the Federal Reserve's course of action, the impact of inflation on the economy and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with U.S. Bank's Lisa Erickson and Georgetown's Paul McCulleyLisa Erickson, head of the U.S. Bank Wealth Management public markets group, and Paul McCulley, former chief economist with PIMCO, join 'Squawk on the Street' to discuss the Federal Reserve's course of action, the impact of inflation on the economy and more.
There are a slew of factors weighing on DoorDash that have prompted RBC Capital Markets to downgrade the stock after a rough year. The firm slashed its rating to sector perform from outperform and lowered its price target on the delivery service to $60 from $70. The new target price represents roughly 5% upside to where shares traded at Thursday's close. Furthermore, RBC sees it as poised to decelerate further, which is not adequately priced into the stock. In addition, losses from various growth initiatives at DoorDash would need to come down significantly to be offset by cost cuts, according to the note.
Amazon layoff numbers could increase, says RBC's Brad Erickson
  + stars: | 2022-11-16 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon layoff numbers could increase, says RBC's Brad EricksonRBC's Brad Erickson joins 'TechCheck' to discuss Amazon's latest announcement regarding layoffs, the concerns about ad budgets in 2023 and the e-commerce expansion/contraction fueled by Covid-19.
The judges have a history of conservative rulings on topics ranging from immigration to abortion. Student-loan forgiveness remains blocked until the courts make final decisions. For example, the judge who ruled in the Texas decision compared student-loan forgiveness to a 1933 law that gave Adolf Hitler power, sparking criticism from some legal experts. Here are the judges who deemed student-loan forgiveness illegal for millions of borrowers. Grasz also spent eleven years serving as Nebraska's Chief Deputy Attorney General — one of the six states that sued Biden's student-loan forgiveness plan.
Christopher Gregory/Getty ImagesDonald McGahn, Trump campaign counsel: I was at the top. Trump's 2016 campaign aides said they paid about 50 people, including part-time actors, to appear as supporters for his 2016 campaign announcement. Corey Lewandowski, Trump campaign managerCorey Lewandowski: I called my wife just as we were getting onto the plane. Stuff that would be from Mars on any other campaign was perfectly normal for the Trump campaign. Mark J. Terrill/AP photo Show less Trump at the Republican National Convention while Cruz speaks on July 20, 2016.
Republican Lori Chavez-DeRemer has made history as Oregon’s first Hispanic member of Congress, according to NBC News projections. "I am excited and ready to serve the people of Oregon," Chavez-DeRemer tweeted Monday alongside a photo standing in front of the U.S. Capitol building. Chavez-DeRemer became the first Latina and first female mayor of the city of Happy Valley in 2010 and was re-elected 2014. Before that, she served on the Happy Valley Parks Committee and the Happy Valley City Council. From having never elected a Hispanic to Congress, another Latina in Oregon could be elected and make history alongside Chavez-DeRemer.
Herschel Walker's allies are suggesting DeSantis would be more useful on the campaign trail than Trump. Ron DeSantis might be better to have on the campaign trail than former President Donald Trump, a CNN report says. In particular, Georgia Republicans worry that Trump would put off suburban women and independents, whose votes will be critical in the state. Reed added that he was not speaking for the Walker campaign and that perhaps Trump could still appeal to rural voters in Georgia. Erick Erickson, a Georgia-based conservative radio host who backed Trump in 2020, told CNN that support from DeSantis would be more useful in Georgia.
In Arizona Senate, Democratic Sen. Mark Kelly is ahead of Republican Blake Masters by 115,000 votes with 80% in. On Dobbs, the national exit poll showed 27% of voters picking abortion as their No. And remember that our final NBC News poll found Trump as one of the most unpopular political figures we measured, especially compared with President Biden. In each state, those Democratic secretaries of state nominees were running against Republicans who cast doubt on the 2020 election result. Two of those five feature Democrat vs. Democrat contests, thanks to the state’s Top 2 primary, so those will stay in the Democratic column.
WILMINGTON, Del, Nov 11 (Reuters) - Elon Musk has taken on Detroit's automakers, short-sellers and securities regulators. Next week, the Tesla (TSLA.O) chief executive is set to square off in court against an unlikely foe - a thrash metal drummer who hopes to strip Musk of his $56 billion pay. Tornetta sued Musk and the Tesla board on behalf of the company in what is known as a shareholder derivative lawsuit. The pay package was widely criticized and California's teachers retirement system known as CalSTRS was among the investors who voted against it. The disputed pay package allows Musk to buy 1% of Tesla's stock at a deep discount each time escalating performance and financial targets are met; otherwise Musk gets nothing.
Ron DeSantis, who won re-election in a landslide Tuesday, threw his political weight behind 30 school board candidates this election cycle. In Florida, because school board races are nonpartisan, if candidates capture at least 50% of the vote in the primary, they don’t need to compete in the November elections. That stands in contrast to the results for the Florida Democratic Party, which supported 30 school board candidates, only nine of whom won seats this year. Riding a wave of conservative parent anger, Republicans in several states targeted school board races, with mixed results. However, GOP candidates running against progressive ideas captured seats on the State Board of Education, which sets curriculum standards.
Warnock won his race against Republican Sen. Kelly Loeffler, and Sen. Jon Ossoff defeated GOP incumbent David Perdue, swinging control of the narrowly divided chamber. I know that Trump wants to be helpful to make Herschel win. Should Laxalt prevail, the Georgia Senate race would once again determine control of the Senate. “President Trump is 220-18 in races that have been called, and with the support of President Trump, Herschel Walker, after forcing a run-off, is well-positioned to win,” Budowich said in a written statement. “We just can’t take our eye off the ball and make sure we prepare to win Georgia,” he said.
Tech investor David Friedberg said Twitter's layoffs could encourage other companies to follow suit. Elon Musk laid off about 50% of Twitter's staff, while other tech companies have had more conservative cuts. Tech investor David Friedberg said Musk's cost-cutting measures at Twitter could quickly become a new Silicon Valley standard as companies struggle to address the economic downturn in the months to come. Twitter staff were told to listen to the podcast episode to learn why layoffs were necessary, according to tech newsletter Platformer. However, some experts have pointed to Musk's layoffs — which were conducted via blunt emails signed by "Twitter" — as an example of what not to do.
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