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☆ Instant View: Morgan Stanley CEO Gorman plans to step down
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, May 19 (Reuters) - Morgan Stanley (MS.N) CEO James Gorman told shareholders Friday that the company will likely appoint its next CEO in the next 12 months. Gorman, 64, said the board has identified three strong candidates to succeed him and that he will become executive chairman once a new CEO is chosen. Shares of Morgan Stanley slipped about 1% to $83.84 in morning trading. PHIL BLANCATO, CHIEF EXECUTIVE OFFICER, LADENBURG THALMANN ASSET MANAGEMENT, NEW YORK:"I would applaud James Gorman here for taking the right time to step down. Building out their wealth management division has been a real boon to the company and they bested Goldman in that practice."

☆ Nvidia, AMD, Micron lead chip sector higher with AI, Japan in focus
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

May 18 (Reuters) - Shares in Nvdia Corp (NVDA.O), Advanced Micro Devices and Micron Technology (MU.O) on Thursday provided the biggest boosts to the chip sector, which outperformed the broader market as investors looked for ways to invest in artificial intelligence and in Japan. Shares in chip design software company Synopsys (SNPS.O) shares ended up 8.7% after it forecast better-than-expected third-quarter profit estimates, saying increased use of AI and automation boosted its business. Nvidia, which is up 116% so far in 2023, is due to report quarterly results on May 24. Nvidia shares hit highest level since December 2021 while Micron shares touched highest point since June 2022. Trailing behind the chip sector, the S&P 500 technology index (.SPLRCT) was up 2.1% and the S&P 500 growth index (.IGX) rose at a slower 1.0% pace.

☆ Tech hardware values will grow as more companies invest in A.I.: Bokeh Capital's Kim Forrest
▼ + stars: | 2023-05-16 | 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 EmailTech hardware values will grow as more companies invest in A.I. : Bokeh Capital's Kim ForrestKim Forrest, Bokeh Capital Partners CIO, joins 'The Exchange' to discuss bullishness about semiconductors, data centers are positioned to prosper from A.I., and recession concerns challenging tech growth.

"The Tesla bull case has centered around the company's growth goals, which it is failing to meet." Tesla's stock is trading at about 43 times expected earnings, down from astronomical levels above 200 times in 2021, according to Refinitiv data. Tesla on Wednesday doubled down on the price war it started at the end of last year, as Musk said the company would prioritize sales growth ahead of profit. In the first quarter, Tesla posted its lowest quarterly gross profit margin in two years. You're investing in Elon Musk," said Kim Forrest, chief investment officer of Bokeh Capital Partners.

The two-year Treasury yield , most reflective of short-term rate expectations, hit a one-month high and the 10-year yield hit a four-week high as traders scaled back expectations of rate cuts later this year. Earnings from regional banks were mixed, with Citizens Financial Group Inc (CFG.N) falling 3.4% after its first-quarter results missed estimates. Western Alliance Bancorp (WAL.N) rallied 17.3% after the regional bank posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis. Declining issues outnumbered advancers by a 3.70-to-1 ratio on the NYSE and a 2.40-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and one new low, while the Nasdaq recorded 17 new highs and 57 new lows.

Netflix Inc (NFLX.O) fell 2.5% after the video-streaming pioneer beat analysts' earnings estimates for the first quarter but offered a downbeat forecast. The two-year Treasury yield , most reflective of short-term rate expectations, hit a one-month high of 4.29% and the 10-year yield hit a four-week high as traders scaled back expectations of rate cuts later this year. Chicago Fed President Austan Goolsbee and New York President John Williams are set to speak later in the day. Earnings from regional banks were mixed, with Citizens Financial Group Inc (CFG.N) falling 2.4% after its first-quarter results missed estimates. Western Alliance Bancorp (WAL.N) rallied 20.4% after the regional bank posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis.

☆ Wetzel's Pretzels is launching a new store concept aimed at Gen Z and millennials – take a look inside
▼ + stars: | 2023-04-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Wetzel's Pretzels is launching a new store concept that will sell innovative takes on the typical pretzel. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyCalifornia pretzel chain Wetzel's Pretzels is launching a new store concept specifically targeting Gen Z and millennials. With Twisted, Wetzel's Pretzels will be steering clear of shopping malls. Wetzel's Pretzels CMO Kim Freer told Insider that the company would instead target college towns and power centers, which are outdoor shopping centers with multiple big-box tenants. Wetzel's PretzelsFreer said that Wetzel's Pretzels planned to open around 40 new stores between now and the end of 2023, with at least three being Twisted stores.

☆ Who is Alvin Bragg? What to know about the Manhattan district attorney investigating Trump.
▼ + stars: | 2023-03-23 | by ( Michelle Mark | ) www.businessinsider.com time to read: +6 min

Manhattan DA Alvin Bragg is leading the Trump investigation into Stormy Daniels' hush money payoff. He led the New York attorney general's successful 2018 lawsuit against the Donald J. Trump Foundation, which paid $2 million in court-ordered damages for illegally misusing charitable funds. Manhattan District Attorney Alvin Bragg speaks at a press conference after the sentencing hearing of the Trump Organization at the New York Supreme Court in New York City. Bragg is highly controversial for his approach to crimeBeyond the ongoing Trump investigation, Bragg has been harshly criticized for being too lenient while the city struggles with rising crime. Bragg's stance provoked instant blowback in New York City and in conservative media.

☆ The prosecutor in the Trump case waded into treacherous political waters.
▼ + stars: | 2023-03-20 | by ( Jonah E. Bromwich | ) www.nytimes.com time to read: +1 min

But the Trump question came to dominate the Democratic primary as the race entered its final stretch in 2021. As the district attorney’s investigation against the former president began to heat up, Mr. Bragg and his opponents started to signal to prospective voters that they had the bona fides to lead a potential prosecution of Mr. Trump. Mr. Bragg had some history to draw on. Still, as a candidate, Mr. Bragg was mostly focused elsewhere. When Mr. Bragg took office, and his prosecutors were presenting evidence about Mr. Trump and his businesses to a grand jury, the new district attorney stopped them, concerned that the case, which centered on whether Mr. Trump fraudulently inflated the value of his properties, was not strong enough to move forward.

REUTERS/Karen Pulfer FochtMarch 17 (Reuters) - The family of a Black man who died while in a Memphis jail on Friday called on authorities to identify the correctional officers involved in the altercation that killed him and to hold them accountable. Gershun Freeman, 33, died on Oct. 2 at the Shelby County, Tennessee, jail after being beaten by guards and held prone on the ground with a knee on his back for more than five minutes while handcuffed. More than five months after his death, the family is still seeking answers and justice, his mother, Kimberly Freeman, said at a press conference outside the county jail where her son was held. The Tennessee Bureau of Investigation is investigating the incident, while the Shelby County District Attorney office handed the case over to the Nashville District Attorney Office to avoid a conflict of interest. Released earlier this month, 14 minutes of video show the violent altercation between jail guards and Freeman that ended with his death.

☆ Kim Jong Un's daughter was a mystery for years, but now she's showing up at North Korea's biggest missile tests
▼ + stars: | 2023-03-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

For years, Kim Jong Un's daughter — Kim Ju Ae — was a mystery to the world. But in late 2022 state media began showing photos of her at North Korean military events. Photographs released by state media after the launch appear to show the country's leader, Kim Jong Un, watching with a girl who has been identified by analysts and experts as his daughter, Kim Ju Ae. This photo provided on Nov. 19, 2022, by the North Korean government shows North Korean leader Kim Jong Un, right, and his daughter inspecting a missile at Pyongyang International Airport in Pyongyang, North Korea, Friday, Nov. 18, 2022. In this photo provided by the North Korean government, North Korean leader Kim Jong Un, with his daughter, inspects what it says is an artillery drill at an undisclosed location in North Korea, Thursday, March 9, 2023.

☆ Canada should support startups after SVB collapse, says lobby group
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +2 min

TORONTO, March 16 (Reuters) - A lobby group for Canada's venture capital and private equity funds is asking Prime Minister Justin Trudeau's government to provide emergency financing to help startups hit by the collapse of Silicon Valley Bank (SVB), according to a letter seen by Reuters on Thursday. Spokespeople for Ng and Finance Minister Chrystia Freeland's office could not immediately be reached for comment. Reuters reported on Monday that the sudden collapse of SVB could choke funding for Canada's technology start-ups and place them in the hands of domestic lenders who may be more selective. The letter also asked the government to instruct the Business Development Bank of Canada to deploy a bridge financing program similar to the one used at the outset of the COVID-19 pandemic. ($1 = 1.3755 Canadian dollars)Reporting by Maiya Keidan, additional reporting by David Ljunggren; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Data showed that U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month ago. Traders held on to bets of a 25-basis-point rate hike at the Fed's next meeting in March, with odds of a pause in hikes slipping a bit to 17%. The S&P 500 banking index (.SPXBK) rose 3.9% after recording its biggest one-day percentage drop since June 2020 in the previous session. Advancing issues outnumbered decliners by a 7.92-to-1 ratio on the NYSE and by a 4.87-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week highs and no new lows, while the Nasdaq recorded 9 new highs and 36 new lows.

☆ Instant View: U.S. February CPI increase leaves market guessing on Fed
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +9 min

Core CPI without food and energy prices increased 0.5% after rising 0.4% in January. Year over year core CPI gained 5.5% vs 5.6% in January. Economists polled by Reuters had forecast monthly CPI and core CPI up 0.4%. So they're going to have to respond to the banking crisis that's probably just not over yet." If the Fed’s worried about saving face or coming off as wishy washy or worried about losing credibility with the market, they're going to raise by 25 basis points.

TORONTO, March 13 (Reuters) - Last week's sudden collapse of Silicon Valley Bank (SVB) could choke funding for Canada's technology start-ups and place them in the hands of domestic lenders who may be more selective in financing new ventures, financiers told Reuters. Companies including Shopify Inc (SHOP.TO) were examples of Canada's tech success story, which helped pull more investments into the sector. Benjamin Bergen, president at Council of Canadian Innovators, a lobby group for Canadian technology companies, agreed. "Before SVB went down, accessing capital was increasingly becoming tighter and tighter for Canadians for startups for scale ups," he said. Aside from the banks, the federal government also has a Venture Capital Catalyst Initiative program that invests in promising Canadian technology companies.

☆ Two investors weigh in on the jobs numbers, SVB fallout and Fed rate hikes
▼ + stars: | 2023-03-10 | 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 EmailTwo investors weigh in on the jobs numbers, SVB fallout and Fed rate hikesKPMG’s Diane Swonk and Bokeh Capital’s Kim Forrest, join 'The Exchange' to discuss the Fed and financials, and how investors should position themselves in this economy.

☆ Watch CNBC’s full interview with KPMG’s Diane Swonk and Bokeh Capital’s Kim Forrest
▼ + stars: | 2023-03-10 | 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 EmailWatch CNBC’s full interview with KPMG’s Diane Swonk and Bokeh Capital’s Kim ForrestKPMG’s Diane Swonk and Bokeh Capital’s Kim Forrest join 'The Exchange' to discuss the Fed and financials, and how investors should position themselves in this economy.

☆ An Instagram influencer with 3,400 followers has landed more than 40 paid partnerships with brands like Sephora, Fabletics, and Samsung. Here's the exact 1-page media kit she uses.
▼ + stars: | 2023-02-28 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Stacy Kim is a third-year student at the University of California, Los Angeles, studying business. She shares the exact one-page media kit she's used to pitch brands like Mejuri and Neutrogena. The company had asked Kim for a media kit, which she quickly created in Canva and sent to them. Here is the exact media kit Kim has uses to land brand collaborations:Kim first created her media kit in January 2022. Stacy KimThe one-page media kit reads:Hi, I'm Stacy Kim, a content creator on Instagram creating fashion, beauty, and travel content.

☆ Earnings Exchange: NVDA, BABA & NTAP
▼ + stars: | 2023-02-22 | 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 EmailEarnings Exchange: NVDA, BABA & NTAPKim Forrest, Bokeh Capital Partners, joins ‘The Exchange’ to discuss three companies that are reporting earnings later today: Nvidia, Alibaba and NetApp.

☆ Retailers are hoarding labor even as tech layoffs mount
▼ + stars: | 2023-02-14 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Some retailers are bucking the trend of layoffs and holding on to workers. But on the store level, retailers are holding on tight to their workers, even seasonal workers who they typically would have dismissed by now, in a practice known as "labor hoarding." "The concept of labor hoarding is alive and well," Kenneth Kim, a senior economist at KPMG, told Insider. Anna Moneymaker/Getty ImagesThose layoffs don't seem to be an emerging trend in the retail sector, Kim from KPMG said. And while there were 417,000 job cuts in January, the official models were accounting for a lot more, since that's when many retailers typically begin laying off seasonal workers.

☆ Public Appearances by North Korean Leader’s Daughter Spur Succession Speculation
▼ + stars: | 2023-02-08 | by ( Dasl Yoon | ) www.wsj.com time to read: 1 min

North Korean leader Kim Jong Un, in light tie, his daughter Kim Ju Ae and his wife, Ri Sol Ju, at a banquet with military officials. SEOUL—For three generations, the Kim family has ruled North Korea. Before taking power, leaders have been shrouded in mystery and kept out of the public eye as children. Now, one child has appeared alongside leader Kim Jong Un several times, raising questions about the Kim family’s succession plans. Mr. Kim was again accompanied by his daughter at a military banquet on Tuesday, state media reported on Wednesday.

☆ Kim Jong Un’s Daughter Appears Again in North Korea, Spurring Succession Speculation
▼ + stars: | 2023-02-08 | by ( Dasl Yoon | ) www.wsj.com time to read: 1 min

Musk is likely to "double down" on his communication tactics after the verdict, said Minor Myers, a professor of corporate law at the University of Connecticut. Musk ultimately abandoned his effort to take Tesla private, but told jurors early in the three-week trial that he had believed what he wrote in tweets. "I expect Elon is going to write anything he wants,"Musk himself thanked the jury on Twitter -- which he bought in October for $44 billion. The tweets led to Musk and Tesla paying $40 million to resolve U.S. Securities and Exchange Commission civil charges under a consent agreement that Musk has fought unsuccessfully to lift. Still, many analysts said Musk, who has tweeted more than 22,000 times and has about 128 million Twitter followers, has no reason to slow down now.

☆ Three mega tech earnings on deck: AAPL, AMZN, and GOOGL
▼ + stars: | 2023-02-02 | 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 EmailThree mega tech earnings on deck: AAPL, AMZN, and GOOGLKim forrest, founder and CIO of Bokeh Capital Partners, join 'The Exchange' to discuss earnings season with a focus on Apple, Amazon, and Alphabet.

☆ Watch CNBC's full interview with Bokeh Capital's Kim Forrest
▼ + stars: | 2023-02-02 | 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 EmailWatch CNBC's full interview with Bokeh Capital's Kim ForrestKim Forrest, founder and CIO at Bokeh Capital Partners, joins 'The Exchange' to discuss earnings season with a focus on Apple, Amazon, and Alphabet.

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