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☆ In a fickle sporting world F1 understands it's "Entertain to Survive"
▼ + stars: | 2023-05-07 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

But the reality for every promoter is that in the world of fickle fans you now need to "Entertain to Survive". Last year the Miami Grand Prix was the hottest ticket in South Beach and, while resale demand has softened, this year's race is again a sellout with 90,000 attending Sunday's race. While the grand prix is the anchor for a weekend of fun, the races themselves are no longer enough to make the event a financial and commercial success. Hard Rock alone hosts three of Florida's biggest sports - the Miami Grand Prix and the Miami Open tennis as well as being home to the NFL's Dolphins. Miami debuted a new driver introduction to the grid that F1 says will be used at eight races this season.

☆ Do digital transformations drive or destroy market value?
▼ + stars: | 2023-05-05 | by ( Sponsor Post | Created Deloitte With Insider Studios | ) www.businessinsider.com time to read: +7 min

Tim Smith, Deloitte Consulting's US leader for technology strategy & business transformationWhat digital actions drive the most market value? Digital Strategy adds value: Businesses that are making digital bets in line with enterprise strategy see market value gains, according to Deloitte's Unleashing Digital Transformation value analysis of over 4,500 publicly listed companies. Compared with digital strategy value gains, this action drove double the market value, according to our analysis. "While challenges may be ample across digital initiatives, our research revealed two risks to market value — both relate to digital change capability in unexpected ways." Digital strategy and strategy-aligned tech investments together — without a digital change capability — destroy the most value: Our analysis made it clear that digital change capability is a wild card.

☆ Investors all face the same four hurdles right now, Jim Cramer says
▼ + stars: | 2023-05-02 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

There are four main hurdles all investors have to navigate right now, but anyone who does so effectively will see a payoff, Jim Cramer said on Tuesday. Cramer expects the crisis to be resolved in due time, but there could be a hangover for the market over the next few weeks. Apple's stock has moved dramatically, and the quarter will likely need to be stellar for it to keep moving the same way, Cramer added. "Now, all of these issues would be much easier to put to bed if stocks were lower, and that's what's happening," Cramer said. "It's not a bear market, just an interlude, and you have to recognize these four hurdles are a gauntlet, a real gauntlet, that must be traversed."

☆ I'm a millennial who left my startup career for a corporate job and my mental health has never been better
▼ + stars: | 2023-04-29 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Nichole Maffey worked in startups for nearly a decade but got her first corporate job this month. Despite the negative connotation of corporate work, she said it's saving her mental health. Startups drove me to embrace the hustleI began my startup career right out of college and have ranged from the ninth hire to the 30th. My roles gave me opportunities to learn at a much faster rate than a siloed, corporate job would have because I was part of so many projects at once. This is just one example: In eight years of working, I'd never been onboarded before this corporate job.

☆ Instant View: US March PCE price index shows high, but cooling, inflation
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +5 min

The personal consumption expenditures (PCE) price index gained 0.1% in March after rising 0.3% in February. In the 12 months through March, the PCE price index increased 4.2% after climbing 5.1% in February. "Will the Fed raise rates at the May meeting. I don't think it'll influence them one way or another but we expect them to raise rates again. I don’t think it’s going to impact the Fed much if at all.

☆ Justice Clarence Thomas' troubles reveal a much larger accountability issue lurking in the Supreme Court
▼ + stars: | 2023-04-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +13 min

Supreme Court Justice Clarence Thomas is facing a wave of misconduct allegations in recent weeks. The Supreme Court did not immediately respond to a request for comment on the allegations. What was your initial reaction to Monday's Bloomberg report regarding the 2004 appeals case that Justice Thomas failed to recuse himself from? Associate Supreme Court Justice Clarence Thomas. The point is that the issue should not be punishing Justice Thomas or punishing Justice Gorsuch.

☆ 'Why Wrexham?' Promotion provides an answer for Hollywood owners
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +2 min

On a night of drama, with Boreham Wood scoring in the opening minute, Wrexham won 3-1 and the A-list owners were in the thick of the celebrations -- hugging players and wiping away tears of joy. "The one thing running through my head over and over again is people said at the beginning 'Why Wrexham? "For us to be welcomed into their community, and to be welcomed into this experience, has been the honour of my life." Wrexham, relegated from League Two in 2008, are going back up with a record haul of points and as champions with a game to spare. Notts County pushed them hard and will be favourites to follow Wrexham into the fourth tier after the playoffs.

"The hospitals now serving the wounded are so few, with limited number of doctors, so there's overcrowding of wounded," said Esraa Abou Shama, a doctor at Sudan's health ministry. Over four days of fighting nine hospitals in Sudan have been hit by artillery and 16 forcibly evacuated, the Sudanese Doctors' Union said, with none still providing a full service inside the capital. His hospital's water and cooking gas tanks have been hit, many staff fled, and diesel fuel for the power generator is almost exhausted, he said. Staff cannot access the morgue because of the fighting, so dead bodies are stored in rooms with air conditioning turned up. "We all have the same problems - electricity, water, staff.

☆ Larry Fink doesn't see a big recession this year, but expects inflation to stay higher for longer
▼ + stars: | 2023-04-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Larry Fink, chairman and CEO of BlackRock , believes the U.S. could skirt a major economic downturn this year, but inflation is going to be around for a while. "No I don't see a big recession," Fink said on CNBC's "Squawk on the Street" Friday. "I'm not sure we're going to have a recession in 2023, we may have it in early 24." The head of the world's largest asset manager said the chance of a recession is dependent on the Federal Reserve's battle against inflation. "It all depends on what is the pathway of inflation of the short run and pathway to the Fed," Fink said.

☆ Murray says focus must be on Ukraine war, not Wimbledon U-turn
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

MONTE CARLO, April 13 (Reuters) - The war in Ukraine and the plight of its tennis players must be at the forefront of discussions at Wimbledon, not the Grand Slam's decision to reverse its ban on Russian and Belarusian players, former world number one Andy Murray said. "It's a difficult decision for Wimbledon. Several Ukrainian players have spoken about how difficult it is to continue competing while their country is at war. "You need to understand their perspective as well, and not just the players that weren't allowed to play last year. "There are Ukrainian players whose families (are affected) and they're going through unbelievably difficult times.

☆ Trump lawyer Joe Tacopina warns that we might be on the 'eve of destruction' the night before Trump's arraignment
▼ + stars: | 2023-04-04 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Donald Trump's lawyer Joe Tacopina said to Fox News that Monday was like the "eve of destruction." Tacopina's comments echo Trump's "death and destruction" Truth Social post from March. Tacopina's words on Fox News were similar to the ominous sentiment expressed in Trump's previous Truth Social posts. On March 23, Trump predicted that there would be "death & destruction" if he is indicted. Trump wrote on Truth Social on March 23.

☆ David Einhorn regrets selling his early Apple stake, predicts the Fed will pull back in fighting inflation, and reveals he's betting on AI in a new interview. Here are the elite investor's 8 best quot
▼ + stars: | 2023-04-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The Greenlight Capital boss sees the Fed pulling back in fighting inflation after the banking chaos. Einhorn also discusses where the banks went wrong, and how he's betting on AI, in a new interview. "The first jelly donut tastes great. The second jelly donut is pretty indulgent, but by the 12th jelly donut, you're just making yourself sick, so you really shouldn't do that anymore." "We're not going to figure out who has the next breakthrough in AI that is going to leapfrog everybody else's AI.

☆ A deadline looms for rules governing deep-sea mining, but a rushed decision may be risky
▼ + stars: | 2023-03-27 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

Proponents say that deep-sea mining there is a less damaging way to gather metals like nickel, copper, manganese and cobalt. Opponents of deep-sea mining say there is not enough information to make that kind of decision. Critics of the idea of deep-sea mining have said the process is being rushed. That's what's behind the drive for diversity of supply on land-based mining, as well as exploration of alternatives such as deep-sea mining." Finding consensus for the Wild West of the seaOpponents of deep-sea mining want to tap the brakes.

☆ Dusty painting hidden behind door turns out to be Brueghel 'masterpiece'
▼ + stars: | 2023-03-27 | by ( Yiming Woo | ) www.reuters.com time to read: +2 min

[1/3] A man looks at the painting "Le paiement de la dime" (The Payment of the Yearly Dues) by the artist Pieter Brueghel the Younger (1564-1636) before its auction at Drouot auction house in Paris, France, March 27, 2023. REUTERS/Gonzalo FuentesPARIS, March 27 (Reuters) - A rediscovered painting of Flemish 17th-century painter Pieter Brueghel the Younger, for years hidden in a family house, will be presented for auction in Paris on Tuesday and is expected to fetch 600,000 ($647,340.00) to 800,000 euros. "I found this painting [in the house], behind a door in the television room," de Lussac told Reuters, calling it one of the biggest surprises in his career. Brueghel the Younger, whose father Brueghel the Elder died when he was only five, didn't use one of his father's compositions for this painting as he usually did but did revisit the popular theme of the village lawyer. ($1 = 0.9269 euros)Reporting by Yiming Woo, writing by Charlotte Van Campenhout, editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin is poised to blow up Africa's $86 billion banking system
▼ + stars: | 2023-03-26 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Then there's mobile money, which has been around since the early 2000s. Africa's mobile money transactions rose 39% to more than $700 billion in 2021, according to data from the GSM Association, a non-profit representing mobile network operators worldwide. That cash network was extraordinarily difficult and expensive to build, which is why there aren't a lot of direct competitors. Bitnob is SMS-based and piggybacks on the mobile money system, making it easier for people to send money directly into bank accounts and mobile money wallets in African countries. "We're able to settle into bank accounts or mobile money accounts, without the recipients having to interact with bitcoin themselves," Parah tells CNBC.

☆ One year after the first rate hike, the Fed stands at policy crossroads
▼ + stars: | 2023-03-16 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

"That being said, given the fact the Fed has tightened as aggressively as they have, the economy is still very good." But recent days have shown the Fed has another problem on its hands besides inflation. watch nowBecause prices fall when rates go up, the Fed hikes have cut into the market value of those fixed income holdings. Rate hike expected"If you're waiting for inflation to go back to 2% and that's what's caused you to raise rates, you're making a mistake," said Joseph LaVorgna, chief economist at SMBC Nikko Securities. Since the rate increases started, depositors have pulled $464 billion from banks, according to Fed data.

Signs of calm and stability in banking stocks, which have tanked in the past week following the collapse of Silicon Valley Bank (SVB), soon paved way for renewed selling as Credit Suisse shares fell to record lows. Reuters GraphicsThe STOXX 600 (.STOXX) index fell 1.67%, while Europe's broad FTSEurofirst 300 index (.FTEU3) fell 51.58 points, or 2.91%Investors rushed back into safe haven investments. "The Credit Suisse share price is falling and government bonds are rallying on the back of that. Markets are "spooked" by Credit Suisse headlines, said Richard McGuire, head of rates strategy at Rabobank in London. "For today Credit Suisse is the dish of the day but we don't think this will be a longer lasting trend," he said.

☆ Tesla bulls and bears are duking it out and one strategist now thinks Elon Musk's car company is "boring"
▼ + stars: | 2023-03-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The presentation did, however, lay out broad plans aimed at making Tesla the largest car company in the world. The announcements were tepid enough that strategists at Vanda Research wrote in a note to clients that this month could see a sell-off for Tesla stock. That said, Zacks Investment Research forecasts 30% upside for Tesla, and that climb could happen in 2023. While Tesla has long been touted as innovative and futuristic over the last decade, Bespoke Investment Group concluded that the company is now actually a normal, boring car maker. The stock market is getting the jitters with a key bearish signal flashing red again.

☆ Tesla stock could spike nearly 30% over the next year with aid from its coming Cybertruck, equity strategy chief says
▼ + stars: | 2023-03-02 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Tesla shares are likely to rise by nearly 30% to $260 in the next six to 12 months, says Zacks. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. "I think that's doable," John Blank, chief equity strategist at Zacks, told CNBC's "Squawk Box Europe" on Thursday. I think $260 is where we're headed." And I think that's the real message we should hear about this whole Cybertruck," the strategist said.

☆ Movie theaters aren't dying — they're evolving
▼ + stars: | 2023-02-25 | by ( Sarah Whitten | ) www.cnbc.com time to read: +9 min

As the space contracts, cinema operators are investing in the basics, improving sounds, picture quality and seating as well as in bolstering its food and beverage offerings, events and alternative programming. While cinema operators are pleased that studio production has increased, they are no longer taking audiences for granted. Over the last few years, movie theater operators have been removing traditional digital projectors and installing laser units, citing cost savings over time and a better picture quality for moviegoers. Many theater operators told CNBC they are planning similar upgrades to sound systems, saying they have partnered with companies like Dolby to bring quality speakers into their auditoriums. So far in 2023, that premium ticket average is higher — $17.33 each — because so many moviegoers saw Disney's "Avatar: The Way of Water" in premium formats and 3D.

☆ Biden ready to run, US first lady says
▼ + stars: | 2023-02-24 | by ( ) www.cnbc.com time to read: +5 min

President Joe Biden and First Lady Jill Biden return to the White House in Washington D.C., the United States, Aug. 8, 2022. Some of the families, Jill Biden said, had hid underground for weeks before making their escape. When it was her turn to hear a doctor say that, Jill Biden said, "it was a little harder than I thought." Jill Biden is the only first lady to continue her career in addition to her ceremonial duties, teaching writing and English to community college students. Jill Biden recalled Carter and his wife, Rosalynn, reaching out on the eve of Joe Biden's inauguration two years ago.

☆ Jill Biden says Joe is 'pretty much' ready to announce he's running for reelection
▼ + stars: | 2023-02-24 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +2 min

Jill Biden says her husband Joe is "pretty much" ready to announce he's running for reelection. She told The Associated Press that, "He's not finished what he started." "He says he's not done," she told Superville during an interview in Nairobi. "He's not finished what he's started. —The Associated Press (@AP) February 24, 2023

☆ The dip buyers are back on Wall Street — listen to the 'Homestretch'
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: +8 min

I TELL YOU SOMETHING, I'M SAYINGTHAT THE DIP BUYERS ARE BACK. MORE IMPORTANTLY, WHAT WE HAVEIS A CONSTRUCTIVE MARKET IN THATWE'RE ROTATING IN AND OUT OFAREAS THAT CAN SOLD AND COMEBACK. ETSY IS A PRETTY GOOD STOCK. A GOOD GROWTH STOCK TRADES LIKETHAT. THAT'S NOT HOW I LIKE COMPANIESTO DO THINGS, EVEN IF THERE WEREFACTORS OUTSIDE OF YOUR CONTROL,I'M NOT A FAN OF IT.

STOCKHOLM/BRUSSELS, Feb 6 (Reuters) - EU lawmakers hope to agree on draft artificial intelligence rules next month, with the aim of clinching a deal with EU countries by the end of the year, one of the legislators steering the AI Act said. The European Commission proposed the AI rules in 2021 in an attempt to foster innovation and set a global standard for a technology, used in everything from self-driving cars and chatbots to automated factories, currently led by China and the United States. The proposed legislation has drawn criticism from lawmakers and consumer groups for not fully addressing risks from AI systems, but the companies involved have warned that stricter rules could stifle innovation. Intense debate over how AI should be governed led several experts to predict that the draft legislation might hit a bottleneck and get delayed. EU industry chief Thierry Breton has said new proposed artificial intelligence rules will aim to tackle concerns about the risks around ChatGPT.

☆ There's a buzz about green hydrogen. But pink, produced using nuclear, may have a huge role to play too
▼ + stars: | 2023-02-03 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +7 min

In this article EDF-FRNG.-GBTSLA Follow your favorite stocks CREATE FREE ACCOUNTBoth pink and blue have been used to differentiate between different methods of hydrogen production. Indeed, according to a Sept. 2022 tracking report from the International Energy Agency, low-emission hydrogen production in 2021 accounted for less than 1% of global hydrogen production. These include green hydrogen, which refers to hydrogen produced using renewables and electrolysis, with an electric current splitting water into oxygen and hydrogen. "But splitting water takes energy, so what pink hydrogen is about is splitting water using energy that has come from nuclear." This needed "supportive policies which encourage investment in early hydrogen production projects and encourage users to switch from fossil fuels to low carbon hydrogen."

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