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☆ The dollar's dominance on the world stage isn't going away. Here's why.
▼ + stars: | 2023-04-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The move makes sense, given Russia's growing status as a pariah state, but it also highlights a push to unseat the dollar as a dominant force in global trade. But to strategists at the Carson Group, a scenario where the dollar isn't the world's primary reserve currency simply isn't in the cards in the near future. Are you convinced that the dollar won't lose its status as a dominant global reserve currency? Some companies in this batch of oil stocks have upsides of up to 180%, according to strategists at Bank of America. An expert from the World Gold Council pointed out that history says gold performs well in a recession.

☆ Boomers Are Buying up Homes, Blocking Millennials From Housing Market
▼ + stars: | 2023-04-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +9 min

The housing market is not a generation-versus-generation cage match. "So the fact that they are now trailing behind the baby boomer population just speaks to the difficulty of the housing market today." A lot has changed in the housing market since the NAR's survey period. In a housing market of "haves" and "have nots," equity-rich homeowners have the edge over hopeful first-time buyers. Millennials know that they have time on their side, since boomers will eventually age out of the market entirely.

March 30 (Reuters) - A jury in Utah ruled on Thursday that Oscar-winning actor Gwyneth Paltrow was not responsible for injuries sustained by a man during a ski slope collision at an upscale Park City resort in 2016. He said the injuries led to a traumatic brain injury and had sought more than $300,000 in damages from Paltrow at a civil trial. Gwyneth Paltrow looks on as her attorney objects during the closing arguments of her trial, in Park City, Utah, U.S., March 30, 2023. Rick Bowmer/Pool via REUTERSThe eight-person jury sided with Paltrow, ruling that Sanderson was 100% at fault, and awarded Paltrow the $1 in symbolic damages that she had asked for in a countersuit. Both fell to the ground with Paltrow on top of Sanderson, in a heap of skis and limbs, she said.

☆ Salesforce, Caterpillar and Disney are in the news. Here's our take on the headlines
▼ + stars: | 2023-03-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Meanwhile, analysts who cover Caterpillar (CAT) put out fresh research that cuts against our own thinking, and layoffs will soon begin at Disney (DIS). The Salesforce co-founder echoed the we-can-learn-from-everybody philosophy he laid out on March 1 in an interview with Jim Cramer. Salesforce shares, which rose modestly Monday, has surged more than 44% this year, the third-best performing Club stock behind Nvidia (NVDA) and Meta Platforms (META). Baird turns bearish on CAT CAT 1Y mountain Caterpillar's 12-month stock performance. "It's very hard to get in and out of CAT," Jim said Monday.

In court papers, Sanderson said he suffered "permanent traumatic brain injury" as a result of the collision. Paltrow said that is when they both fell to the ground with Paltrow on top of Sanderson, in a heap of skis and limbs. Gwyneth Paltrow testifies during her ski crash trial, in Park City, Utah, U.S., March 24, 2023. Paltrow, who said she was upset and cursed at Sanderson after the collision, said she did not ski off until after Sanderson told Christiansen that he was fine. "I did not cause the accident, so I cannot be at fault for anything that subsequently happened to him," Paltrow said.

☆ Putin to welcome Xi to Moscow under shadow of Ukraine war
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +5 min

[1/3] Chinese President Xi Jinping and Russian President Vladimir Putin attend a ceremony dedicated to the 70th anniversary of the establishment of diplomatic relations between Russia and China, in Bolshoi Theatre in Moscow, Russia June 5, 2019. Sergei Ilnitsky/Pool via ReutersMarch 20 (Reuters) - Russian President Vladimir Putin will expect Chinese President Xi Jinping to show solidarity against western hegemony when he arrives in Moscow on Monday, while Xi will present China as a global peacemaker intent on brokering an end to the Ukraine war. And Ukrainian President Volodymyr Zelenskiy has previously made clear he will accept nothing short of Russia's full withdrawal from Ukrainian territory. We welcome China's willingness to play a constructive role in resolving the crisis," Putin said. Ukrainian forces have held out in Bakhmut since last summer in the longest and bloodiest battle of the year-long war.

☆ Analysis: China's Xi takes 'diplomatic dance' to Russia
▼ + stars: | 2023-03-18 | by ( John Geddie | ) www.reuters.com time to read: +5 min

"There's been kind of an increasingly pronounced diplomatic dance on China's part as the war has played out," said Andrew Small, senior fellow at the German Marshall Fund. The U.S. and European leaders have said intelligence showed China was considering sending arms to Russia, which Beijing has denied. Xi called Putin his "best friend" during a 2019 visit where they admired pandas in a Moscow zoo. It is not clear if there will be any such photo ops this time amid more serious business and the bloody Ukraine war. "Whatever support Xi gives to Russia will be on China’s terms," another European diplomat said.

☆ Analysis: China's Xi takes 'diplomatic dance' to isolated Russia
▼ + stars: | 2023-03-18 | by ( John Geddie | ) www.reuters.com time to read: +5 min

☆ Four Weeks After Turkey’s Earthquake, Rescued Babies Wait for Their Families to Claim Them
▼ + stars: | 2023-03-09 | by ( Drew Hinshaw | Joe Parkinson | ) www.wsj.com time to read: 1 min

ADANA, Turkey—An ambulance raced to the doors of the Adana City Training and Research Hospital carrying a baby boy in footed pajamas. A rescue crew had found the baby under a heap of rubble by tracing his cries. He was alone and miraculously alive two days after twin earthquakes killed more than 51,000 people. No one knew his name.

☆ The 4-day workweek: Science explains why it could improve our minds, bodies, and companies' bottom lines
▼ + stars: | 2023-02-26 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

Science explains why the four-day workweek could be good for employees and employers alike. There's no control group — a company or companies that maintained a five-day workweek, to compare against the four-day workweek companies. There's also a risk of "selection bias" — a particular type of company may be far more likely to volunteer for a four-day workweek trial. Here's what science has to say about the UK four-day workweek trial results. Cortisol, too, can affect sleep quality, so having fewer high-cortisol days (ahem, work days) may mean fewer days of meager sleep.

☆ Two Germans parked a mangled Russian tank in front of the Russian embassy in Berlin as an anniversary gift
▼ + stars: | 2023-02-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A ruined Russian tank has been dumped outside the country's embassy in Berlin. The rusted heap appeared as a vivid symbol on the anniversary of Russia's invasion of Ukraine. The gesture came on the first anniversary of Russia's invasion of Ukraine. The destroyed T-72 1B tank sits at an intersection near the embassy on the city's famed Unter den Linden boulevard. A ruined Russian T-72 tank sits on a flatbed truck outside the Russian embassy in Berlin, in February 2023.

☆ Junior doctors in England to stage three-day strike from March 13
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

Junior doctors - who agreed in 2019 to an annual 2% pay rise as part of a four-year deal but say that is now inadequate in light of much higher inflation. Junior doctors are qualified physicians, often with several years of experience, who work under the guidance of senior doctors and represent a sizeable chunk of Britain's workforce of doctors. While nurses have paused strikes scheduled for March as their union holds talks with the government, ambulance and other health workers are planning further strike action. British Prime Minister Rishi Sunak's deputy spokesperson said news of the junior doctors' strike was "disappointing". The Hospital Consultants and Specialists Association said the fewer than 1,000 junior doctors in its membership would also stage a separate three-day strike from March 13.

☆ UK healthcare strikes to intensify as junior doctors vote to walk out
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

Junior doctors agreed in 2019 to an annual 2% pay rise as part of a four-year deal but say that is now inadequate in light of much higher inflation. "This vote shows, without a shadow of a doubt, the strength of feeling among most of England’s junior doctors," the BMA said. The BMA describes junior doctors as those who are qualified in clinical training and have up to eight years' experience working as a hospital doctor or up to three years in general practice. Another trade union for doctors, the Hospital Consultants and Specialists Association, said its junior doctor members had also voted to carry out strike action in a separate ballot. More than 10,000 ambulance workers were on strike on Monday, while the nursing trade union last week announced a fresh 48-hour strike from March 1.

☆ Sri Lanka hikes power prices by 66% hoping to gain IMF support
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: +1 min

Sri Lanka increased electricity prices by 66% on Thursday, in a move that the government hoped would persuade the International Monetary Fund to provide urgent support for its crisis stricken economy. The scale of the price rise will heap misery on Sri Lankans already struggling with inflation running at 54.2%. "We know that this will be hard on the public, especially the poor but Sri Lanka is caught in a financial crisis and we have no choice but to move towards cost reflective pricing," Energy Minister Kanchana Wijesekera told reporters. "We hope that with this step Sri Lanka has moved closer to getting the IMF programme." The size of the price rise was confirmed by a Ceylon Electricity Board official.

☆ Now that Trump can return to Facebook, Truth Social could be all but doomed
▼ + stars: | 2023-01-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

If Trump is no longer exclusively on Truth Social, it could reduce the platform's appeal for many. Shunned from mainstream platforms, Trump founded and launched Truth Social in February 2022. Matt Navarra, a social-media consultant, said it was "inevitable" that Trump's return to Facebook or Instagram would negatively affect Truth Social. Trump evangelists may lose faith"For most people, Donald Trump is the face of Truth Social," Navarra said. Navarra added that Truth Social would likely still be of value to many users, however, because of its lighter approach to content moderation.

☆ Walt Whitman’s Watch Over the War Dead
▼ + stars: | 2023-01-21 | by ( Kelly Franklin | ) www.wsj.com time to read: 1 min

Looking back on the Civil War in his 1882 “Specimen Days & Collect,” Walt Whitman reflected that “the real war will never get in the books.” He had tried, in “Drum-Taps” (1865), a collection of poems forged in harrowing personal experience. Whitman had gone to the front in December 1862, when his brother George was wounded at Fredericksburg. Outside a field hospital, Whitman found a heap of amputated limbs—enough, he recorded, to fill “a one-horse cart.” His weeks with the Union army changed his life. In January 1863 he moved to Washington and began volunteering in the military hospitals. A notebook he carried that year contains drafts of one of his finest poems, the Civil War elegy “Vigil Strange I Kept on the Field One Night.”

☆ Honeywell CEO’s optimism on the economy is welcome in a sea of market worries
▼ + stars: | 2023-01-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Honeywell is a diversified industrial giant, focusing on crucial areas of the economy. HON 1Y mountain Honeywell (HON) 1 year performance Climate change spending According to Adamczyk, spending on initiatives to combat the effects of climate change should hold up, even if there's a recession. China reopening The reopening of China after its strict zero Covid policy is a positive for the global economy, Adamczyk said, calling China one of the world's "core international destinations." The Club's take We were pleased to hear optimism from Adamczyk Tuesday amid the heap of pessimism in the market. Darius Adamczyk, Honeywell Chairman & CEO, speaking on Squawk Box at the WEF in Davos Switzerland on Jan. 17, 2023.

☆ Rune ready to rock the boat at Australian Open
▼ + stars: | 2023-01-15 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +2 min

MELBOURNE, Jan 15 (Reuters) - Holger Rune heads into the Australian Open as the last man to beat favourite Novak Djokovic and the Danish teenager is ready to take the fight to the established order at the year's first Grand Slam, which starts on Monday. "It was a crazy match," Rune, who has surged up the world rankings to 10th spot, told reporters. "I still have a lot I want to achieve and I'm super excited to go for it." I'm not afraid," Rune said. "I'm just going to go out there and play my tennis but now it's just the first match I have to focus on.

☆ Jordan truckers' strike exposes woes of impoverished south
▼ + stars: | 2023-01-12 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +5 min

"Diesel is my lifeline," said 54-year-old Abu al-Zait, who has seen his livelihood thrown into jeopardy by high fuel price rises since Russia invaded Ukraine. The month-long sit-in cost Jordan tens of millions of dollars in losses when it paralysed unloading at the Red Sea port of Aqaba, according to officials and industrialists. It was the latest bout of unrest in Maan, a poor tribal stronghold about 250 km (156 miles) south of the capital. Fuel price rises, combined with high taxes and spiralling food costs in a nation that imports most goods, has made life unaffordable for many. Like many Arab states, Jordan has in the last decade seen widespread unrest as it reduced food and fuel subsidies.

☆ Wells Fargo labors under $100 bln sin discount
▼ + stars: | 2023-01-10 | by ( John Foley | ) www.reuters.com time to read: +6 min

Wells Fargo shows what happens when misbehavior becomes a feature rather than a bug. TRAGIC NUMBERSerial mischief has cost Wells Fargo investors in three ways. Second, there are the expenses Wells Fargo has incurred from its internal deep clean. A little more than seven years ago, Wells Fargo, Bank of America (BAC.N) and JPMorgan (JPM.N) were roughly the same size in terms of market cap. At $161 billion, Wells Fargo now sits $110 billion short of Bank of America and a whopping $243 billion below JPMorgan.

☆ Carmakers will reverse out of public markets
▼ + stars: | 2022-12-28 | by ( Neil Unmack | ) www.reuters.com time to read: +3 min

Shares of carmakers like Stellantis (STLA.MI) and BMW (BMWG.DE) are suffering, as investors fret over a potential recession and falling car sales. It’s an opportunity for deep-pocketed funds or backers to steer them out of public markets altogether. There are risks: Carmakers are loath to borrow too much, for fear of damaging their financial services divisions. Assume a private equity buyer teamed up with the Quandt clan and acquired minority investors’ shares at a 25% premium, using debt, for 37 billion euros. If public markets dislike European carmakers, there may be a private market solution.

☆ From the McRib to the Choco Taco, here are 6 foods we lost in 2022
▼ + stars: | 2022-12-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

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.

☆ Behind a Wall Street headhunter's rapid ascent lie accusations of harassment and abuse
▼ + stars: | 2022-12-21 | by ( Alex Morrell | ) www.businessinsider.com time to read: +38 min

"It was a complete whirlwind, and it felt too good to be true," Morrison told Insider. "Everyone is given a calendar reminder of when they have to submit a review," one former employee told Insider. Durlston told Insider she wasn't a credible source given the acrimonious nature of her departure from Durlston. "Everyone gets pretty loose at these events," a former employee told Insider, noting the availability of alcohol throughout the day. Bahram told Insider this was not a prohibition but merely a suggestion that it would not be an appropriate arrangement.

☆ Sam Bankman-Fried’s Dirty Political Donations
▼ + stars: | 2022-12-16 | by ( Kimberley A. Strassel | ) www.wsj.com time to read: +1 min

Celebrity crypto savant Sam Bankman-Fried is in a heap of trouble. Washington has its own giant FTX problem, in what now appears to be millions of dollars in dirty donations. It’s a donor scandal for the ages, and yet politicians are mum on what they intend to do about it. The country is learning more about FTX’s spectacular collapse, including the allegation that SBF stole billions from customers to prop up a side venture, Alameda Research. The SEC explains that FTX customer funds were diverted to Alameda to the extent that there was “no meaningful distinction,” and that SBF then used these “commingled FTX customers’ funds” to make “large political donations.” Put simply, SBF stands accused of using stolen money to fuel politics.

☆ How Jordan Spieth’s sister inspired him to build a charity legacy
▼ + stars: | 2022-12-15 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

CNN —In September 2013, Jordan Spieth was powering towards one of the greatest rookie seasons golf has ever seen. But at just 19 years old, Spieth was putting the wheels in motion for a long-term charitable endeavor. It was ultimately because of his younger sister Ellie, who has autism, that Spieth launched his charitable mission, supporting programs and initiatives for children with special needs. Spieth and his sister ride the buggie at the Houston Open in 2016. “Letting kids be kids, creating a safe environment that also has everything that a kid wants to do – that’s what we had there.”

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