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☆ We're probably only halfway through this bear market, says author of investment newsletter
▼ + stars: | 2022-12-29 | 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 EmailWe're probably only halfway through this bear market, says author of investment newsletterJonathan Pain, author of The Pain Report, says "I don't see how the bear market is going to be over in just one year, because of the enormity … of the extraordinary increase in interest rates."

☆ A long-term illness crisis is threatening the UK economy
▼ + stars: | 2022-12-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

Leon Neal/Getty ImagesLONDON — Along with sky-high inflation and energy costs, a Brexit-related trade tailspin and a recession in progress, the U.K. economy is being hammered by record numbers of workers reporting long-term sickness. Unlike other major economies, recent U.K. data shows no sign that these lost workers are returning to the labor market, even as inflation and energy costs exert huge pressure on household finances. The U.K. avoided mass job losses during the Covid-19 pandemic as the government's furlough program subsidized businesses to retain workers. "The U.K. was particularly vulnerable because of austerity — NHS waiting lists were rising sharply, and performance/satisfaction was falling sharply, well before the pandemic," Portes said. However, the report noted that this isn't a recent phenomenon, and the waiting list has been growing rapidly since 2012.watch now

☆ Jefferies: REITs sector is at an interesting crossroads— here's why
▼ + stars: | 2022-12-23 | 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 EmailJefferies: REITs sector is at an interesting crossroads— here's whyJonathan Peterson, Jefferies managing director, joins 'Power Lunch' to discuss Peterson's thoughts on real estate investment trusts, the subtypes within the hospital sector and more.

☆ Salesforce is losing the key execs behind some of its biggest and most expensive bets at a critical moment
▼ + stars: | 2022-12-06 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Slack CEO Stewart Butterfield is also departing, along with some other product-focused execs. The departing execs championed Salesforce's product strategyThe departures of Taylor, Butterfield, and Nelson come as Salesforce's strategy comes under the microscope on Wall Street. With Slack and Tableau, Salesforce already had a lot to prove. Salesforce has already said that Lidiane Jones, an executive VP, will take over for Butterfield as Slack CEO. What it does mean, however, is that Salesforce, Slack, and Tableau are all losing the biggest champions of the integrated product strategy right as the company faces hard questions.

☆ Slack CEO Stewart Butterfield is leaving Salesforce two years after deal was announced
▼ + stars: | 2022-12-05 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Salesforce said on Monday that Slack founder and CEO Stewart Butterfield is leaving the company. "Stewart is an incredible leader who created an amazing, beloved company in Slack," a company spokesperson told CNBC in a statement. "He has helped lead the successful integration of Slack into Salesforce and today Slack is woven into the Salesforce Customer 360 platform. Noah Weiss, senior vice president of product at Slack, will replace Yehoshua, Butterfield said in a Slack message to all Salesforce employees that CNBC viewed. Months later, Taylor told Butterfield that while Salesforce wasn't interested in selling Quip to Slack, Salesforce was interested in buying Slack.

☆ Meet incoming Slack CEO Lidiane Jones, who will take over when co-founder Stewart Butterfield departs in January
▼ + stars: | 2022-12-05 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Lidiane Jones is taking over Stewart Butterfield's role as CEO of Slack. Slack CEO Stewart Butterfield is exiting the company in January, and Salesforce has confirmed that Lidiane Jones will be his successor. "Slack will have a new CEO: Lidiane Jones. This is good: Lidiane is amazing," Butterfield wrote in the post, which was viewed and published in full by Insider. A spokesperson for Salesforce wrote in a statement to Insider that Butterfield was "instrumental" in choosing Jones as his successor.

☆ Read the memo Slack CEO Stewart Butterfield wrote to staff announcing his departure from Salesforce
▼ + stars: | 2022-12-05 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Slack CEO Stewart Butterfield announced Monday that he's leaving Salesforce, Slack's corporate owner. The news comes days after Salesforce announced its CEO Bret Taylor is also stepping down. Slack CEO Stewart Butterfield announced Monday morning that he is leaving Salesforce in January, according to an announcement Butterfield posted to a company Slack channel that was viewed by Insider. Slack will have a new CEO: Lidiane Jones. He's going to keep the bar high, and then keep pushing it higher.

On Monday, the company announced the departure of Slack CEO Stewart Butterfield, who joined Salesforce last year as part of its biggest acquisition ever. Taylor, who joined Salesforce in 2016 through the acquisition of his startup Quip, said he'd "decided to return to my entrepreneurial roots." While Taylor and Butterfield are the highest-profile exits, they're far from alone among Salesforce's executive ranks. Noah Weiss, senior vice president of product at Slack, will succeed Yehoshua, Butterfield said in a Slack message. Butterfield is being succeeded by Lidiane Jones, an executive vice president at Salesforce who joined in 2019.

☆ Netflix 'Christmas Carol' reboot 'Spirited' misses Elon Musk irony
▼ + stars: | 2022-12-03 | by ( Ani Bundel | Ani Bundel Is A Cultural Critic Who Has Been Writing Regularly Since Her Work Can Also Be Found At Elite Daily | Weta'S Telly Visions | ) www.nbcnews.com time to read: +6 min

The Americanized “Spirited” is available on Apple TV+, while the British-based “Scrooge: A Christmas Carol” debuted on Netflix on Friday. Originally published in 1843, Charles Dickens’ “A Christmas Carol” was that era’s equivalent of a bestseller, with 13 editions published in the first year of print alone. (“The Muppet’s Christmas Carol,” for example, cast perpetual hero Kermit T. Frog as Cratchit rather than Scrooge.) The animation is vibrant, capturing the feel of the old Claymation-style Christmas TV specials. It is a bizarre and somewhat grotesque rewriting of the story’s moral; it's “A Christmas Carol” seen through the lens of bothsiderism.

☆ Fintechs are opening up access to alternative investments previously reserved for sophisticated investors, but some VCs question if that's a good thing
▼ + stars: | 2022-11-28 | by ( Asia Martin | ) www.businessinsider.com time to read: +8 min

But some don't think retail investors are ready for the level of risk in the asset class. Alternative investments, as the name suggests, is an asset outside of traditional investments like stocks, bonds, and cash. Investors choose from private-equity funds, venture capital, hedge funds, real estate, and art, among other areas. Such returns have attracted state pension funds, university endowments, and, most recently, individual investors from the ultra-high-net-worth to the Joe Schmoes. Companies like iCapital, Allocate, RealBlocks and CAIS (pronounced case) launched to help wealth-management firms usher their clients into sought-after private market funds.

Aaron Brink told the news station that he had mourned the loss of his child and had gone through a meltdown. Aldrich's mother, Laura Voepel, was also living in Texas. Brink told KFMB that he was the one who taught his child to fight. Law enforcement personnel stand outside Club Q in Colorado Springs, Colo., on Sunday, following a fatal mass shooting. Brink told KFMB that he loved Aldrich "no matter what" and asked people to “please forgive” his child.

☆ Netflix's streaming hit 'The Crown' reaches Charles-Diana divorce
▼ + stars: | 2022-11-12 | by ( Ani Bundel | Ani Bundel Is A Cultural Critic Who Has Been Writing Regularly Since Her Work Can Also Be Found At Elite Daily | Weta'S Telly Visions | ) www.nbcnews.com time to read: +6 min

The fifth season of Netflix’s superb, ambitious “The Crown” covers the years from 1988 to early 1997, arguably the nadir of England’s modern monarchy. “The Crown” sets up series creator Peter Morgan to be a 21st- century Shakespeare for the Second Elizabethan era. “The Crown” sets up series creator Peter Morgan to be a 21st-century Shakespeare for the Second Elizabethan era. His retellings of royal life are no more accurate than “Richard II” or “Henry V,” making royal whining all these years later all the sillier. “The Crown” even finds ways to make Charles a sympathetic figure in the divorce, no small feat.

☆ NASA left its $50 billion moon rocket exposed to Hurricane Nicole's powerful winds
▼ + stars: | 2022-11-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

NASA left its Space Launch System (SLS) rocket on the launchpad during Hurricane Nicole. The rocket sustained minor damage, and NASA still plans to launch it for the first time Wednesday. But it's unusual for NASA to leave such a valuable rocket out on the launchpad in the middle of a hurricane. NASA rolled the rocket out with a storm on the horizonSatellite imagery shows Tropical Storm Nicole on November 10, 2022. People walk by a closed down damaged boardwalk following the passage of Hurricane Nicole in Vero Beach, Florida, November 10, 2022.

☆ UBS: U.S. midterm results unlikely to have material impact on our economic outlook
▼ + stars: | 2022-11-10 | 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 EmailUBS: U.S. midterm results unlikely to have material impact on our economic outlookJonathan Pingle, chief U.S. economist at UBS Investment Bank, weighs in on the U.S. midterm elections and his outlook for the economy going forward.

☆ ‘The Crown’ Season 5 takes dramatic liberties, but here’s where they lean into history
▼ + stars: | 2022-11-09 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

Prince Charles and Princess Diana’s marriage miseryDominic West as Prince Charles and Elizabeth Debicki as Diana in Season 5 of "The Crown." The friendship between Prince Phillip and Penny KnatchbullJonathan Pryce as Prince Phillip and Natascha McElhone as Penny Knatchbull in Season 5 of "The Crown." Keith Bernstein/NetflixPenny Knatchbull married the godson of the Duke of Edinburgh, but her friendship with Prince Phillip was solid in a way that went beyond that. The series features Prince Phillip stepping in to help Knatchbull after a family tragedy which leads to years of them growing closer. That dressElizabeth Debicki as Princess Diana in the now famous "revenge dress."

☆ New cast of royal series 'The Crown' say viewers know it is a drama
▼ + stars: | 2022-11-08 | by ( Sarah Mills | ) www.reuters.com time to read: +2 min

[1/5] Cast members Jonny Lee Miller, Dominic West, Elizabeth Debicki, Jonathan Pryce, Imelda Staunton and Lesley Manville attend the premiere for the TV series The Crown Season 5 in London, Britain, November 8, 2022. REUTERS/Henry NichollsLONDON, Nov 8 (Reuters) - The new cast of "The Crown" premiered the upcoming season of the hit Netflix series on Tuesday, insisting viewers know it's a drama and do not need a disclaimer for its fictionalised storylines. "Everyone has watched 'The Crown' for four seasons, hasn’t bothered them before," actor Imelda Staunton, who plays Elizabeth in season five, told Reuters. I don’t think (season five) is flattering but I think it’s fair." Critics have given mixed reviews on season five but most praised actor Elizabeth Debicki's portrayal of Diana.

☆ 'The Crown' season 5 review: Imelda Staunton takes over as queen as the Netflix series returns
▼ + stars: | 2022-11-05 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +4 min

The result is an uneven campaign that reinforces a sense the Emmy-winning series risks extending its reign too long. When Charles privately tells his mother in regard to Diana, “I’ve done as you asked, mummy. “The Crown” has been great, as the Emmy haul for its fourth season attests, and it’s still pretty good. Yet given the highs that the younger versions of these characters delivered, to borrow from the Queen, watching the current season feels more like a preference than a requirement. “The Crown” begins its fifth season November 9 on Netflix.

☆ Imelda Staunton picks up royal baton as new queen in 'The Crown'
▼ + stars: | 2022-11-01 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

LONDON, Nov 1 (Reuters) - Imelda Staunton picks up the royal baton as the latest actor to play Queen Elizabeth in hit Netflix drama "The Crown", whose new season has faced criticism as it addresses a difficult era for the British royal family so soon after the late monarch's death. "This time in the royal family’s life was very tumultuous and the writers didn’t shy away from any difficult issues," Staunton told Reuters in an interview. Season five is released on Nov. 9, two months after Elizabeth died and her son Charles became king. Some royal commentators have voiced concern about the impact the show could have at the start of Charles' reign. "I think the proximity of the queen’s death...Nerve-endings are still raw, and people are feeling very protective," Staunton said.

☆ Fed's quantitative tightening could end in mid-2023, says UBS
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

Oct 20 (Reuters) - The U.S. Federal Reserve will materially alter or fully stop shrinking its massive $8.9 trillion balance sheet by mid-2023, more than a year earlier than market expectations, according to Swiss lender UBS. The plans for balance sheet runoff will face several complications through 2023, leading the Fed to sharply slow or fully stop balance sheet reduction sometime around June 2023, economists at UBS led by Jonathan Pingle wrote in a note dated Oct 19. "Starting last month, the monthly caps that limit the maximum pace of decline of the Fed's balance sheet increased," UBS said. Register now for FREE unlimited access to Reuters.com Register"This ratchet higher accelerated the reduction in the size of the Fed's balance sheet and will shrink reserves in the banking system at significantly faster pace." The move to accelerate quantitative tightening (QT) is meant to further drain pandemic-era stimulus from the financial system and increase borrowing rates for long-dated assets to weaken inflation.

☆ Sterling drops as UK turmoil escalates; dollar hits new 32-year high vs yen
▼ + stars: | 2022-10-14 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

The dollar, on the other hand, continued its march higher against a beleaguered yen, hitting a fresh 32-year peak of 148.86. Japanese Finance Minister Shunichi Suzuki on Thursday reiterated the government's readiness to take steps against excessive currency volatility. Register now for FREE unlimited access to Reuters.com RegisterJapan last month intervened to buy yen for the first time since 1998. The pound, meanwhile, fell for a second straight day against the dollar, last traded at $1.1167, down 1.4% . U.S. retail sales were unexpectedly unchanged in September as stubbornly high inflation and rapidly rising interest rates crimp demand for goods.

☆ Morgan Stanley appoints Badalia as Southeast Asia M&A head
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, Oct 11 (Reuters) - Morgan Stanley (MS.N) has named Rikhit Badalia, a member of its Asia Pacific mergers and acquisitions team, as the M&A head for Southeast Asia with immediate effect, according to a memo seen by Reuters. Hong Kong-based Badalia takes over from Jonathan Pflug, who is joining U.S. investment bank Raine Group to lead its coverage in Southeast Asia, Reuters reported last month. Badalia, who has been with Morgan Stanley since 2010, started out as an analyst in its Mumbai office before taking up roles in Singapore and Hong Kong with a focus on the tech, media and telecoms sector. Badalia will remain the M&A operations officer for Asia Pacific, the memo said. A Morgan Stanley spokesperson confirmed the contents of the memo.

It also encapsulates macro hedge funds' trading strategy today - while most investors got smoked in the third quarter as stocks, bonds and commodities slumped, macro funds raked it in thanks to the surging U.S. dollar. There is little indication the wave is about to crash any time soon, and although hedge funds have reduced their exposure in recent weeks, they remain comfortably long. LONG, LONG, LONGThe dollar index, a measure of the greenback's value against a basket of six major currencies, rose 7.1% in the third quarter, its best performance since early 2015. But CFTC hedge funds have held a net long dollar position every week since August last year, and a $10 billion bet is still a pretty resounding endorsement of the U.S. currency over its major rivals. With numbers like these, it looks like funds may be buying dollars and wearing diamonds for a good while yet.

☆ Gen X is late to the leadership table in US politics, prompting the question: Will it ever produce a president?
▼ + stars: | 2022-09-28 | by ( Darren Samuelsohn | ) www.businessinsider.com time to read: +21 min

By historical standards, Gen X should be in charge of the US by now. Think of them as the godparents of the "Xennials" — those born in the late 1970s or early 1980s who aren't fully Gen X or millennial. No matter whether you deny the 61-year-old Obama is a boomer, Gen X is starting to get up there in age. Michael Ciaglo-Pool/Getty ImagesWhat's the US missing without a Gen X president? "It's like seeing a ghost that doesn't appear," she said of any expectation the presidency would just suddenly open up for Gen X.

SINGAPORE, Sept 28 (Reuters) - Southeast Asia's digital media and tech sectors, underpinned by young consumers and one of the fastest growing internet markets, had drawn U.S. investment bank Raine Group to expand in the region, senior executives said. Global media, entertainment and gaming giants are ramping up their presence in Southeast Asia's fast-growing economies. Raine specializes in media, sports and technology deals and also oversees $4 billion in growth equity and venture capital. It advised Southeast Asia's biggest ride-hailing firm Grab on its purchase of Uber's regional business in 2018. Reuters reported last week that Raine had tapped Jonathan Pflug, Morgan Stanley's head of Southeast Asia M&A, to lead its regional coverage.

☆ ‘The Crown’ gets a new queen
▼ + stars: | 2022-09-26 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —While production of Season 6 of “The Crown” was briefly paused after the death of Queen Elizabeth II, Season 5 is still on track to start November 9. When the popular series returns to Netflix, Imelda Staunton will take over the role of the Queen from Olivia Colman who portrayed her in Seasons 3 and 4 of the royal drama. Claire Foy portrayed Queen Elizabeth II the first two seasons of the show. “However, as a new decade enters its stride, the old certainties are no longer guaranteed.”The collapse of Prince Charles and Princess Diana’s marriage is also a major storyline. Dominic West plays Prince Charles, Elizabeth Debicki plays Princess Diana and Jonathan Pryce plays the Queen’s husband, Prince Philip, in the upcoming season.

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