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☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Wells upgrade, STZ reports, FedEx's new day
▼ + stars: | 2023-04-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Raises price target to $52 from $47. Charles Schwab (SCHW) price target slashed to $65 from $89 at Keefe Bruyette. Analyst keeps an outperform rating on shares, acknowledging risks to near-term earnings outlook, but says the sell-off is now overdone. Evercore ISI lowers price target to $535 from $545, but keeps outperform rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Suspended software firm WANdisco's CEO and CFO step down
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

LONDON, April 3 (Reuters) - WANdisco (WAND.L), the British software company whose shares are suspended while it investigates possible fraud, said its co-founder and chief executive David Richards and CFO Erik Miller had stepped down on Monday with immediate effect. The company found "potential fraudulent irregularities" in its accounts last month linked to a senior sales employee, prompting significant going concerns issues. The ongoing investigation supported the view that one employee was responsible, the company said. Ken Lever, appointed interim chair last month, would run the company until a new chief executive was appointed, the company said. It also appointed Ijoma Maluza, previously CFO of Blue Prism, as interim CFO from April 11.

☆ Manchin accuses the Biden administration of appeasing 'radical activists' on climate and pledges to block Interior Department nominee
▼ + stars: | 2023-03-10 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Democratic Sen. Joe Manchin says he will block one of President Biden's nominees and potentially others. Manchin says he'll judge nominees on whether they're "political partisans first or Americans first." He's taking issue with the administration's framing of a law he supported as an effort to address climate change. Manchin, of West Virginia, wrote in an op-ed in the Houston Chronicle, noting that energy leaders are gathered in the city for an annual conference. Biden has touted the bill's $370 billion devoted to tackling climate change as the most significant investment the US has made to fight climate change.

☆ Documentary 'On the Adamant' wins Berlin Film Festival's top award
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +1 min

[1/2] Nicolas Philibert poses for a photo with the Golden Bear for Best Film for "On the Adamant" at the 73rd Berlinale International Film Festival in Berlin, Germany, February 25, 2023. Jorg Carstensen/Pool via REUTERSBERLIN, Feb 25 (Reuters) - "On the Adamant," a documentary about a floating daycare centre in Paris for adults with mental disorders, won the Berlin Film Festival's Golden Bear award on Saturday. Accepting the Berlinale's top prize, director Nicolas Philibert said he was deeply touched by the jury's decision to award it to a documentary rather than a work of fiction. "That documentary can be considered cinema in its own right touches me deeply," he said. The festival's Silver Bear for best leading actor went to Sofia Otero, who plays an 8-year-old transgender child in "20,000 Species of Bees."

☆ A growing group of lawmakers think TikTok is 'digital fentanyl' and want to ban it. Many others remain skeptical.
▼ + stars: | 2023-02-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

Some members of Congress have begun pushing to ban TikTok in the US. "I'm a little less enthusiastic about an all-out ban of it," said Republican Sen. Kevin Cramer of North Dakota. "I'm an incrementalist on a lot of things, and I would be on this as well," said Republican Sen. Cynthia Lummis of Wyoming. Last week, the Senate Judiciary Committee held a hearing on social media and the internet's impact on children. Democratic Sen. Mazie Hirono of Hawaii, another committee member, said she's most concerned about how social media platforms are impacting kids.

☆ The Intercept laid off half a dozen staffers last month, culling the video team and other key positions from the nonprofit investigative newsroom
▼ + stars: | 2023-02-08 | by ( Reed Alexander | ) www.businessinsider.com time to read: +3 min

The Intercept laid off half a dozen staffers last month, Insider has learned. The layoffs mean the investigative outlet no longer has a video team and cut other key positions. Amid a spate of layoffs that have rocked newsrooms over the past few months, the nonprofit newsroom The Intercept laid off half a dozen staffers in January, Insider has learned. "We can't build something if we're losing colleagues at a rate like this," the union organizers wrote in the mid-January note. Are you a media insider who's been affected by recent layoffs, or thinks a staff cut might hit your company?

☆ Every year, ‘Invasion Day’ forces Australia to confront some painful truths
▼ + stars: | 2023-01-27 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +13 min

Victoria’s state government called time on Melbourne’s Australia Day parade after two years of Covid cancellations, and Kmart, a normal go-to for party supplies, announced it wouldn’t be stocking traditional Australia Day merchandise – clothing, plates, napkins and other memorabilia draped in the Australian flag. Cooper is among a growing band of Indigenous allies who now refer to Australia Day as Invasion Day or Survival Day, after learning more about the nation’s history from those who suffered. Every year, Australia Day – or Invasion Day – forces a difficult conversation about those left behind, and what role everyone can play in finding a way forward. And it really is for many.”The Australia Day Live 2023 concert at Sydney Opera House on January 26, 2023. In the far western Queensland town of Boulia, Beck Britton had been worried that her attempts to throw an Australia Day party could fall flat.

Persons: Fred Leone, ” Leone, ”, Leone, Hilary Whiteman, Union Jack, Kate Darian, Smith, “ It’s, Christine Cooper, she’s, “, Cooper, ” Cooper, Cooper’s, they’re, ” Darian, Karlie Brand, Don Arnold, WireImage, Tracey Hanshaw, Aunties, Beck Britton, Britton, there’s, Jan Norton, wasn’t, Anthony Albanese, ” Albanese, Lidia Thorpe, Alexi J . Rosenfeld, Darian, Justice Aunties, “ We’ve Organizations: Australia CNN, CNN, Union, University of Tasmania, Kmart, Facebook, University of Newcastle, It’s, Nations, Invasion, Australia, First Nations, National, Day Council, Sydney Opera House, ”, Torres Strait Islander, Australian, Aboriginal, Torres Strait, ” Greens, Voice, Commonwealth, Heart Locations: Brisbane, Australia, Musgrave Park, Sydney Cove, Sydney, Musgrave, Brisbane’s, Newcastle, New South Wales, Queensland, Boulia, Britton’s, Melbourne, “

☆ Private venture-capital returns from one of the largest endowments reveal Union Square Ventures has been wildly successful. Sequoia and Y Combinator have lost money so far.
▼ + stars: | 2023-01-23 | by ( Ben Bergman | ) www.businessinsider.com time to read: +6 min

USV's 2004 fund returned more than $305 million in cash from a $22 million UTIMCO investment, with an IRR of 66%. Thrive Capital, the venture firm Joshua Kushner founded in 2009, has delivered -34% IRR on two funds from late 2021. UTIMCO's $6.7 million invested has been marked down to $4.6 million. Two funds UTIMCO invested in the VC firm Initialized at the beginning of 2022 have a -5.5% IRR. Upfront Ventures, the most prominent early-stage firm in Los Angeles, has returned only $31 million though UTIMCO invested $110 million since 2015.

110 30% 50 70 90 150 200 300 400 Short-term view: Past month Long-term view: Past 3 years Redding Redding Sacramento Sacramento San Francisco San Francisco Fresno Fresno Los Angeles Los Angeles San Diego San Diego 110 30% 50 70 90 150 200 300 400 Short-term view: Past month Long-term view: Past 3 years Redding Redding Sacramento Sacramento San Francisco San Francisco Fresno Fresno Los Angeles Los Angeles San Diego San Diego 110 30% 50 70 90 150 200 300 400 Short-term view: Past month Long-term view: Past 3 years Redding Redding Sacramento Sacramento San Francisco San Francisco Fresno Fresno Los Angeles Los Angeles San Diego San Diego 110 30% 50 70 90 150 200 300 400 Short-term view: Past month Redding Sacramento San Francisco Fresno Los Angeles San Diego Long-term view: Past 3 years Redding Sacramento San Francisco Fresno Los Angeles San Diego 110 30% 50 70 90 150 200 300 400 Short-term view: Past month Redding Sacramento San Francisco Fresno Los Angeles San Diego Long-term view: Past 3 years Redding Sacramento San Francisco Fresno Los Angeles San Diego 110 30% 50 70 90 150 200 300 400 Short-term view: Past month Long-term view: Past 3 years Redding Redding Sacramento Sacramento San Francisco San Francisco Fresno Fresno Los Angeles Los Angeles San Diego San Diego Source: PRISM Climate Group at Oregon State University Note: Data from the past six months is preliminary. California has built its water infrastructure — reservoirs, wells and irrigation systems — in part to account for the imbalanced timing in precipitation. California has a naturally variable climate: Periods of drought are punctuated by periods of wetter weather. A chart shows average snow water equivalent levels for each water year from 2003 through Jan. 17, 2023. Atmospheric rivers don’t always bring more snow; storms can actually shrink the snowpack if precipitation falls as rain instead of snow at high elevations.

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☆ China Evergrande's auditor quits on disagreement around 2021 audit-related matters
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

Jan 16 (Reuters) - Embattled property developer China Evergrande (3333.HK) on Monday said that its current auditor, PricewaterhouseCoopers (PwC), has resigned as the parties disagreed over the timeline and scope of work surrounding the firm's status as a going concern and other audit-related matters for fiscal 2021. Once China's top-selling developer, Evergrande is now at the centre of the country's property crisis. Its $22.7 billion of offshore debt, including loans and private bonds, is deemed to be in default after it missed payments late last year. In its resignation letter, PwC noted that it had not received information on certain material matters surrounding the group's consolidated financial statements for the year 2021. Last week Reuters reported, citing sources, that the developer will hold a meeting with dollar bondholders to discuss its debt restructuring proposals.

☆ The Fed's path to a 'Goldilocks' economy just got a little more complicated
▼ + stars: | 2022-12-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty ImagesLittle effect from policy movesThe numbers would indicate that 3.75 percentage points worth of rate increases have so far had little impact on labor market conditions. Much of the Street analysis after the report was viewed through the prism of comments Fed Chairman Jerome Powell made Wednesday. Among them were supply chain issues, housing growth, and labor cost, particularly wages. "Wages are rising more than productivity, as labor supply continues to shrink. To restore labor demand and supply, monetary policy must become more restrictive and remain there for an extended period."

☆ Why Faulty Streetlights Are Turning Cities Purple — and Why It's Worrisome
▼ + stars: | 2022-11-29 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

LED streetlights are supposed to shine for the better part of a decade. Every city with purple lights that responded to my queries or has public records on the matter bought its LED lights from Acuity. The blue LED, with its narrow wavelength, enabled all sorts of modern tech, from the compact disc to flat-screen monitors. Acuity and the purple cities haven't been entirely transparent on that matter. "The purple streetlights are a result of the phosphor coating delaminating from the LEDs," says Fiona Hughes, a representative for the city of Vancouver.

☆ Latest weekly jobless claims jump to 240,000
▼ + stars: | 2022-11-23 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Minneapolis CNN Business —First-time weekly claims for unemployment benefits jumped to 240,000 for the week ended November 19, according to data released Wednesday by the Department of Labor. Alemán said he’s looking for signs of a broad-based increase in claims from other industries, in which workers aren’t typically covered by severance payments. Weekly jobless claims are volatile – especially around the holidays – and frequently revised, economists for Oxford Economics wrote in a note Wednesday. “Therefore, we don’t read too much into the larger-than-anticipated drop in claims,” they wrote. On average, weekly initial jobless claims have been below 215,000 this year.

☆ Analysis: Xi and Biden cool the heat, but China and the US are still on collision course
▼ + stars: | 2022-11-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +8 min

CNN —The world can breathe a little easier after US President Joe Biden’s talks with Chinese leader Xi Jinping on Monday. But they could also be read as the kind of lecture that Washington once delivered to Chinese leaders that Xi is now taking the opportunity to throw back at the US. Biden said after the talks that he didn’t find Xi “more confrontational or more conciliatory. Biden publicly told Xi that the US was ready to reengage in climate talks – at an opportune moment for the Egypt climate summit. Before he went to Asia, Biden suggested that China didn’t have that much respect for either Russian President Vladimir Putin or Russia itself.

☆ 'Dangerous Liaisons' review: A Starz series version ratchets up the sexual politics while dragging out the story
▼ + stars: | 2022-11-06 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —For an 18th-century French novel, “Les Liaisons Dangereuses” certainly got around, inspiring a play, the movies “Dangerous Liaisons” and “Valmont” in 1988 and ’89, respectively, and the twisted teen variant “Cruel Intentions.” Now comes a Starz series prequel, “Dangerous Liaisons,” which ratchets up the sex while dragging out (and out and out) the story. That cast includes “Phantom Thread’s” Lesley Manville and “Game of Thrones” alumni Carice Van Houten, Michael McElhatton and Tom Wlaschiha. Handsomely mounted, it’s nevertheless easy to dismiss “Dangerous Liaisons” (especially for those who lack a prior investment in the property) as being a somewhat edgier version of “Bridgerton” or less-comedic spin on “The Great,” both shows that scratch similar itches. In a vote of confidence, the network has already renewed “Dangerous Liaisons” for a second season in advance of its premiere, so those hoping for the finality that a limited series might have provided, be forewarned. “Dangerous Liaisons” premieres November 6 at 8 p.m.

☆ U.S. natgas futures jump 7% in volatile week on cold forecasts
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +4 min

Freeport LNG submitted a draft Root Cause Failure Analysis to the Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) on Nov. 1, according to sources familiar with the filing. Freeport LNG, however, has not yet submitted a request to resume service. Prism Brilliance, Prism Diversity and Prism Courage were waiting off the coast from the plant, and Prism Agility was expected to arrive around Nov. 29. In what has already been an extremely volatile week, front-month gas futures rose 42.5 cents, or 7.1%, to settle at $6.400 per million British thermal units (mmBtu), the highest close since Oct. 14. With the coming of seasonally colder weather, Refinitiv projected average U.S. gas demand, including exports, would rise from 97.6 bcfd this week to 100.1 bcfd next week and 119.0 bcfd in two weeks.

☆ Bryce Harper Sets Off a Bruising Phillies Win Over Houston in Game 3
▼ + stars: | 2022-11-02 | by ( Lindsey Adler | ) www.wsj.com time to read: 1 min

Bryce Harper was a teenager the last time he didn’t have to think about his eventual legacy. He became a baseball commodity the moment he was profiled in Sports Illustrated in 2009. No longer was this young left-hander from Las Vegas a child in charge of his own future, he became the prism through which the hopes and dreams of strangers were reflected. First, the question was, “Who would be fortunate enough to draft this young phenomenon?” Later, it became, “Where would he sign in free agency?”

☆ U.S. natgas futures drop 10% on profit-taking, mild forecasts
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +4 min

Nov 1 (Reuters) - U.S. natural gas futures dropped about 10% on Tuesday, following a 12% rise on Monday as traders took profits during a period of extreme volatility after the latest forecasts called for the weather to remain mild for the next two weeks. Analysts at energy consulting firm Gelber & Associates said the "early week surge in ... gas futures (saw) signs of exhaustion today as profit-takers pile on." Front-month gas futures fell 64.1 cents, or 10.1%, to settle at $5.714 per million British thermal units (mmBtu). Daily output was on track to drop about 4.5 bcfd to a preliminary five-month low of 95.7 bcfd on Tuesday. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe.

☆ U.S. regulators want more data on Texas Freeport LNG plant before restart
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

Oct 31 (Reuters) - U.S. federal regulators have told Freeport LNG to provide information needed for the planned restart of its liquefied natural gas (LNG) export plant in Texas, the second-largest U.S. LNG export plant, as soon as possible to allow sufficient time for review. Freeport cannot restart without regulatory approval. At least four vessels were already lined up to pick up LNG at Freeport, according to Refinitiv data. Prism Brilliance and Prism Diversity were waiting off the coast from the plant, while Prism Courage was expected to arrive on Nov. 1 and Grace Freesia on Nov. 27. The plant's restart will provide needed fuel for heating and power as winter descends on the Northern Hemisphere.

☆ U.S. natgas futures falls 3% on mild weather forecasts
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +3 min

Oct 28 (Reuters) - U.S. natural gas futures fell about 3% on Friday on record output and forecasts for mild weather and low heating demand through mid November, which should allow utilities to inject more gas into storage than usual for at least a few more weeks. The market was still waiting for the return of Freeport LNG's export plant in Texas. On its first day as the front-month, gas futures for December delivery fell 19.1 cents, or 3.3%, to settle at $5.684 per million British thermal units (mmBtu). During the first nine months of 2022, roughly 60%, or 6.3 bcfd, of U.S. LNG exports went to Europe, as shippers diverted cargoes from Asia to fetch higher prices. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe.

Oct 24 (Reuters) - U.S. natural gas futures jumped about 5% after sliding to a fresh seven-month low earlier in the session on a technical rebound and expectations demand would rise as liquefied natural gas (LNG) exports increase once export plants exit maintenance outages in coming weeks. Some traders expect Freeport will return to service in November while others believe the return will be delayed. Front-month gas futures rose 24.0 cents, or 4.8%, to settle at $5.199 per million British thermal units (mmBtu). During the first nine months of 2022, roughly 60%, or 6.3 bcfd, of U.S. LNG exports went to Europe, as shippers diverted cargoes from Asia to fetch higher prices. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe.

CNN —Leslie Jordan, beloved comedian and actor known for his work on “Will and Grace,” has died, his agent announced. “The world is definitely a much darker place today without the love and light of Leslie Jordan. Sources told the Los Angeles Times Jordan was involved in a car accident on Monday morning in Hollywood. Megan Mullally and Leslie Jordan in "Will and Grace." Jordan talked to CNN’s Anderson Cooper about his past substance abuse and being sober for more than 20 years.

☆ Nigeria LNG outage threatens Europe, traders with higher costs
▼ + stars: | 2022-10-18 | by ( Libgeorge Marwa Rashad | Marwa Rashad | ) www.reuters.com time to read: +3 min

LAGOS/LONDON, Oct 18 (Reuters) - European countries and gas traders are reeling from the latest LNG supply shock - a force majeure from Nigeria LNG - that threatens nearly 4% of global supply and further squeezes the continent's resources in absence of Russian pipeline gas. Nigeria LNG declared force majeure this week due to heavy flooding in that it said impacted virtually all of its gas suppliers. NLNG, with 22 million tonnes per year of capacity, said it is working to mitigate the impact, but flood waters are still rising. Unplanned disruptions in the United States, Nigeria and Australia have forced traders to pay millions in inflated costs for alternative supplies. France's Total, the second-largest offtaker, takes around 3 million tonnes per year.

☆ U.S. natgas falls 4% to 3-mth low on mild weather, global price collapse
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +4 min

Oct 18 (Reuters) - U.S. natural gas futures fell about 4% on Tuesday to a three-month low as oil and European gas prices dropped and forecasters called for milder U.S. weather over the next two weeks. U.S. gas prices have been declining for eight weeks as record domestic output and reduced liquefied natural gas (LNG) exports have allowed utilities to inject much more gas than usual into storage. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe. With milder weather coming, Refinitiv projected average U.S. gas demand, including exports, would fall from 101.0 bcfd this week to 95.9 bcfd next week. U.S. LNG exports, however, could start to rise this week if Cove Point returns to service as some traders expect.

☆ 'The Rings of Power' creators promise that if you were disappointed with season 1, you'll like the second season
▼ + stars: | 2022-10-14 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

The first season of "The Rings of Power" concluded on Friday with a reveal about who Sauron was. The creators are confident fans who wanted more of the villain in season one will dig the second season. Payne and Patrick McKay promise that if viewers were disappointed with season one's story because they expected more Sauron, then they'll dig the second season, which started filming earlier this month. "There may well be viewers who are like, 'This is the story we were hoping to get in season one!,'" McKay told The Hollywood Reporter. "I hope after the last episode airs, viewers watch the whole season again, which is now a different experience," McKay told THR.

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