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☆ House, Senate to renew fight pitting child tax credit vs. corporate cash
▼ + stars: | 2023-02-15 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

The fate of that corporate tax policy, supported by many Democrats, had been linked to the Democratic Party's desire for a deal on the child tax credit . But House and Senate members are getting ready to reintroduce legislation on the R&D tax credit. Indexing the child tax credit to inflation would also be a matter of tax policy that both parties might agree on as a way to enshrine future increases in law. But there's still the divide on the corporate tax priorities and child tax credit, and at a basic level, getting a bipartisan tax bill through the House and Senate and to the White House is always challenging. Many companies were surprised that the R&D tax credit did not get extended in the late year legislative package because it had so much bipartisan support.

☆ Goldman Sachs partners are pissed
▼ + stars: | 2023-02-12 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: Lara O'Reilly, our senior correspondent covering the advertising industry, looks ahead to the Super Bowl. Insider's Aki Ito breaks down why grandiose job titles like "senior executive vice president" are suddenly all the rage. According to a new study, early-career job titles have changed drastically in the past few years. While it's not clear how widespread this discontent is — Goldman has some 400 partners — some partners are already talking about who might replace CEO David Solomon if it comes to that. Inside the drama at Goldman SachsRead more:Tyler Le/InsiderGoogle's search engine is about to change.

☆ The 2023 Super Bowl Ads Will Feature Booze, Betting and Jesus
▼ + stars: | 2023-02-10 | by ( Megan Graham | Patrick Coffee | ) www.wsj.com time to read: +10 min

The Super Bowl ads on Sunday are poised to promote an unusual mix of alcohol brands, gambling and Jesus. The Super Bowl still regularly draws an audience of around 100 million people, making it TV’s biggest event of the year and advertising’s biggest night. Planters’ Super Bowl ad features comedians mocking Mr. Peanut. The ads are likely to strike a lighter tone than the occasionally somber messages of Super Bowl ads in recent, highly politicized years or the early pandemic, said Anjali S. Bal, an associate professor of marketing at Babson College. Many Super Bowl advertisers have again released their ads well before Super Bowl Sunday to increase their chances of being seen.

☆ Super Bowl ads lean on stars, humor to grab attention
▼ + stars: | 2023-02-09 | by ( Sheila Dang | ) www.reuters.com time to read: +5 min

[1/3] Musician Ozzy Osbourne takes part in a Super Bowl ad for Workday, in this undated handout photo provided by Workday. Big-name celebrities are not uncommon in Super Bowl ads. A 30-second Super Bowl spot this year sold for a little over $7 million, according to a person familiar with the ad sales. “Advertisers want people talking about their brand, and not just during the 30 to 60 seconds of (Super Bowl) air time,” Rucker said. Some stars will poke fun at themselves or their careers in Super Bowl ads.

☆ LeBron James Fans Spent Big to See Him Make History on Thursday. They Picked the Wrong Game.
▼ + stars: | 2023-02-08 | by ( Alyssa Lukpat | Jennifer Calfas | ) www.wsj.com time to read: 1 min

John Larson lives in Utah, but he really wanted to be in Los Angeles to watch LeBron James make history. Mr. Larson, 54 years old, and his 24-year-old son, Adam, had studied Mr. James’s stats and took a gamble that this week the NBA star would break the league’s all-time scoring record.

☆ State of the Union brings brief unanimity on Social Security, Medicare. Why experts say there's still reason to worry
▼ + stars: | 2023-02-08 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

That would include Social Security and Medicare. The Republican Study Budget Committee, which included a host of House GOP leaders, has also suggested other changes — raising the retirement ages for both Social Security and Medicare, as well as changing the measurement for annual Social Security cost-of-living adjustments. More recently, former Vice President Mike Pence called for reforming Social Security with the creation of private savings accounts. Rep. John Larson, D-Conn., has led a House bill that would apply reapply payroll taxes on $400,000 in earnings while also making benefits more generous. Biden similarly proposed expanding benefits and increasing payroll taxes on high earners during his presidential campaign.

☆ 6 western states agreed on a plan to make major cuts to water usage from the shrinking Colorado River, but California — the largest user of them all — wouldn't get on board
▼ + stars: | 2023-02-04 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

The federal government has called on western states to come to agreement on water cuts. California couldn't come to an agreement with six other states on the Colorado River. The proposed cuts come as decades of drought have dwindled water supplies relied on by millions. Well, six of the seven states that are part of the Colorado River basin did come to an agreement, but California — the largest user of water from the river — wouldn't get on board. "The challenge is that we need to get back to balance in relation to water usage and what the system is producing," she said.

☆ Worried about Alibaba’s share price slump? Analysts name 4 alternatives in China tech
▼ + stars: | 2023-02-02 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

No Chinese tech stock has generated as much excitement as Alibaba , one of the most recognizable names in the Chinese internet sector. More than 76% of analysts covering the stock rate it a "buy," giving it average upside of 31%, according to FactSet data. Kuaishou is rated buy or overweight by 94% of analysts covering the stock, who give it average upside of around 24.4%. It is rated buy by 88% of analysts covering it, and has average upside of 37.7%, according to FactSet data. Rounding off the list is food delivery giant Meituan , with average upside of 32.5%.

☆ Can Chinese stocks rally further? One investment bank thinks so — and names its top stock picks
▼ + stars: | 2023-01-31 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The recovery in Chinese stocks gained steam on Monday, as China's benchmark index came within striking distance of a bull market. Chinese stocks have been buoyed by Beijing's easing of Covid-19 restrictions and a waning regulatory crackdown. "We started the year with an overweight call on China, and while that is a consensus view, there are now concerns on China rally being too sharp/too quick. The extreme inflows in the past 3 months, indeed, pose a threat to the continuity of market rally for next 3 months," Bernstein analyst Rupal Agarwal wrote in a note on Jan. 27. Bernstein's screen for undervalued stocks that have underperformed the market rally tuned up a raft of names.

As with castmates Michelle Yeoh, nominated for best actress, and Ke Huy Quan, nominated for best supporting actor, Stephanie Hsu’s name drew particular applause during her category’s announcement. Notably, after Campion became just the third woman to ever win best director at last year’s ceremony, not a single female director was nominated this time around. Overall, the lesbian power-trip flick made a lesser showing than the Daniels’ queer kung-fu film. But its six nominations included spots in the evening’s biggest categories, including best picture, best cinematography, best original screenplay and, predictably, best actress. But an Oscar for best actor would be the ultimate prize in what has been a victorious comeback tour for the former heartthrob, following his decadelong, virtual exodus from Hollywood.

☆ This Social Security change would be ‘easiest and quickest,’ Manchin says. What debt ceiling negotiations may mean for benefits
▼ + stars: | 2023-01-23 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

But that should not include cuts to Social Security and Medicare benefits, he said. "I've got 60% of my population that that's all they have is Medicare and Social Security," Manchin told NBC's "Meet the Press" on Sunday. How raising payroll tax cap could aid Social SecurityIn 2023, wages up to $160,200 are subject to a 6.2% tax for employees and employers that goes to Social Security. Other Democrats have also proposed raising payroll taxes to help shore up Social Security. More from Personal Finance:What the U.S. debt ceiling could mean for Social Security and MedicareApproaching 62?

☆ Larson to attempt Indy 500 and NASCAR 600 double in 2024
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

Jan 12 (Reuters) - Kyle Larson will attempt the Indianapolis 500 and NASCAR Coca-Cola 600 double next year after announcing on Thursday he would join Arrow McLaren Racing for a one-off run at the famed Brickyard. Larson, the 2021 NASCAR Cup Series champion, will become the first driver to attempt the double since Kurt Busch raced in both events in 2014. Only four drivers have attempted the double of racing in Indy 500 in Indianapolis and flying to Charlotte, North Carolina to jump in a car and run the Coca-Cola 600 later that same day. While Rick Hendrick's stock car teams have won a record 291 Cup Series races, the Indy 500 will mark Hendrick Motorsports first IndyCar series event. McLaren have routinely added notable names to their driver lineup for the Indy 500, including twice Formula One world champion Fernando Alonso.

☆ A wee cottage perched on top of a New York rooftop is for sale for $2.5 million — take a look inside
▼ + stars: | 2023-01-07 | by ( Robert Davis | ) www.businessinsider.com time to read: +1 min

Hershkowitz said in the listing that the 'crown jewel' of this rooftop cottage is its multilevel terrace. Kristina Crane with Evan Joseph StudiosRooftop cottages in New York come in various styles, from chalets to cape cod and even a lighthouse. Some of New York's rooftop cottages are architectural gems. For instance, there is a rooftop property in the West Village that comes with its own meadow, according to StreetEasy. There's also a penthouse on East 36th Street where the owner can see the Empire State Building from their bedroom window, the New York Post reported in 2017.

☆ So You Worked for FTX. Now What? Advice From Recruiters and Employers
▼ + stars: | 2023-01-02 | by ( Mengqi Sun | ) www.wsj.com time to read: +5 min

Former employees of FTX and other failed crypto firms will likely face extra scrutiny in their job hunt. While not all of the failed firms are associated with fraud allegations like FTX, anyone who worked at these businesses could face a tough slog finding their next job. “I worked with plenty of compliance folks who came from Lehman Brothers…Is it gonna be career-ending for some people? “People who you worked with that can vouch for you can bolster and can set you apart,” Mr. Brown said. Candidates also need to practice how to separate themselves and their own work experience and accomplishments from the firm they worked at, recruiters and hiring managers said.

☆ ‘The Lie Detector’ Review: The Truth About the Polygraph
▼ + stars: | 2022-12-30 | by ( John Anderson | ) www.wsj.com time to read: +1 min

But he was also among the first to debunk it. Others were not so scrupulous, according to this “American Experience” presentation, which pegs the phenomenon of the polygraph (once a brand name, now generic) as particularly American. “The lie detector persists, even though we understand it’s not necessarily accurate, because of the uniquely American confidence in technology,” says historian Douglas Flowe . The device, he says, provides “in our imagination” control over that which can’t be controlled, thus providing an illusion of certainty. “Americans are looking for certainty.”

☆ 7 times NASA's James Webb Space Telescope spotted something Hubble missed
▼ + stars: | 2022-12-04 | by ( Paola Rosa-Aquino | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

The James Webb Space Telescope can capture a more complete view of galaxies, stars, and planets. Before Webb, astronomers had another workhorse cosmic observatory: the Hubble Space Telescope. Webb is 100 times stronger than Hubble, which allows astronomers to peer even further into space. Webb spied countless galaxies that Hubble missedA side by side collage of the same area taken by the Hubble and the James Webb space telescopes. Where Hubble saw a faint dot, Webb resolved 2 distinct mystery objectsOne of the lensed images of MACS0647-JD, from the James Webb Space Telescope.

☆ Mikaela Shiffrin clinches her 75th World Cup win, breaking a Lindsey Vonn record
▼ + stars: | 2022-11-19 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Mikaela Shiffrin claimed her 75th World Cup win in Levi, Finland on Saturday, sealed with an electrifying second run, as she broke Lindsey Vonn’s record for the most podiums in a single discipline by a female skier. She is now just seven World Cup wins shy of her fellow American’s record 82 wins for a female skier and 11 behind the all-time leader, Sweden’s Ingemar Stenmark. “On the second run I made adjustments and it felt like a really good pace and tempo. Alessandro Trovati/AP“Today was a really good day. And, as well as the gold medal, Shiffrin will return home from Levi with her fifth Lapland reindeer, the traditional prize at Levi.

☆ Captain Sully and Whoopi Goldberg are among the latest celebrities announcing they quit Twitter after Elon Musk takeover
▼ + stars: | 2022-11-13 | by ( Beatrice Nolan | Jordan Hart | ) www.businessinsider.com time to read: +6 min

Multiple celebrities say they have quit Twitter in the wake of Elon Musk's takeover. Now, some celebrities are making good on their threats to quit Twitter. Téa LeoniThe actress best known for her role in "'Madam Secretary" has also seemingly deleted her Twitter account. Gigi HadidThe fashion model took to Instagram to condemn Twitter, especially under Musk's leadership, announced she'd be deactivating her account. "I deactivated my Twitter account today.

☆ Goldman Sachs just dropped the names of its biggest partner class since David Solomon took over as CEO. See the full list here.
▼ + stars: | 2022-11-09 | by ( Emmalyse Brownstein | Dakin Campbell | Alex Morrell | ) www.businessinsider.com time to read: +4 min

David Solomon had been shrinking the size of Goldman's partner ranks to make it more exclusive. On Wednesday, the firm named 80 new partners, its largest class since Solomon became CEO in 2018. Goldman Sachs promoted 80 people to partner status on Wednesday, marking the largest class since David Solomon took over as CEO in 2018. Goldman's partner class has been steadily shrinking since David Solomon took over as CEO in 2018. Last year, Goldman gave its roughly 400 partners special one-time payments that added millions of dollars to their already generous year-end bonuses.

☆ Hubble vs. Webb: New NASA telescope reveals never-before-seen details from the early universe, within 400 million years after the Big Bang
▼ + stars: | 2022-11-05 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

NASA's James Webb Space Telescope is 100 times stronger than the Hubble Space Telescope. Hubble showed astronomers a single galaxy in the early universe, but JWST revealed it was two mysterious objects. Dan Coe, a researcher with the Space Telescope Science Institute, first discovered it 10 years ago with the Hubble Space Telescope, which was previously NASA's most powerful space observatory. One of the lensed images of MACS0647-JD, from the James Webb Space Telescope. Two galaxies colliding and merging, as photographed by the Hubble Space Telescope.

☆ Forget the culture wars: Democrats and Republicans are focusing their midterm-election closing arguments on Medicare and Social Security
▼ + stars: | 2022-11-03 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

Democrats are challenging that by framing themselves as defenders of Medicare and Social Security. Since relief on sky-high inflation or the housing crisis isn't imminent, Democrats have turned to Republican plans to privatize and make cuts to Social Security and Medicare. In a speech at the Democratic National Committee last week, Biden used the phrase "Social Security and Medicare" 11 times while countering Republicans' rhetoric around reforming both programs. Republicans' proposed budget points to cuts, but they're denying that's the planRepublicans have said Democrats are misrepresenting their comments on Social Security and Medicare. Arrington has repeatedly introduced legislation that would prevent people from receiving both Social Security disability benefits and Social Security unemployment benefits at the same time — called "double dipping" by critics.

☆ New infrared photos of the 'Pillars of Creation' from the James Webb Telescope reveal star-creating cosmic dust and massive galaxy clusters
▼ + stars: | 2022-11-01 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

The new photos included a cluster of stars from 5.6 billion light-years away. The light from the MACS0647-JD system is bent and magnified by the massive gravity of galaxy cluster MACS0647. The massive gravity of galaxy cluster MACS0647 acts as a cosmic lens to bend and magnify light from the more distant MACS0647-JD system. It also triply lensed the JD system, causing its image to appear in three separate locations. SCIENCE: NASA, ESA, CSA, Dan Coe (STScI), Rebecca Larson (UT), Yu-Yang Hsiao (JHU) IMAGE PROCESSING: Alyssa Pagan (STScI)

☆ YouTube has a new 'rigid' culture as Google ad executives take over
▼ + stars: | 2022-11-01 | by ( Tom Dotan | ) www.businessinsider.com time to read: +7 min

In the last 18 months, at least nine top YouTube executives left and were replaced by longtime Googlers. "It's becoming very operationalized at YouTube," said one former YouTube executive. Google ad executive takeoverYouTube's chief business officer role has marked a significant shift toward the rising influence of Google's sales culture. 2019 is also when Google began keeping a closer reign on YouTube and started to stock it with Google ad executives. The point person for YouTube Originals, Susanne Daniels, who came from MTV, left YouTube in January, shortly before YouTube shut down its entire Originals content group.

☆ Universal film boss Donna Langley reveals how her studio changed the way you see movies and her hopes for an all-female 'Fast & Furious'
▼ + stars: | 2022-10-26 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +13 min

Universal film chief Donna Langley says movies will never go back to "those exclusive traditional windows" in theaters. "I would love to see a female 'Fast,'" she said about the future of the "Fast & Furious" franchise. Though it seems Langley has an insatiable drive to dominate the cutthroat film industry, she revealed to Insider in a recent phone interview that her mission is simple: "Make the right kind of movies that fit the cultural zeitgeist globally." Steven Spielberg and Donna Langley at "The Fabelmans" world premiere at the 2022 Toronto International Film Festival. We are a theatrical business and theatrical will always lead our business.

☆ Turbulent markets jolt currency hedge funds from decade-long slumber
▼ + stars: | 2022-10-18 | by ( Nell Mackenzie | ) www.reuters.com time to read: +6 min

But a post-crisis wash of central bank quantitative easing and developed-world interest rates barely above zero sapped the near $7 trillion-a-day global currency markets of the kind of flows that hedge funds thrive on. Similarly, HFR’s HFRI 500 Currency Index, which also tracks these funds, is up 8.29%, its best performance since 2007 and soundly beating the 3.8% rise in a broader hedge fund index. The years of muted volatility culled existing currency hedge funds and deterred the creation of new ones, a process which typically takes 7-8 months. (Currency hedge fund launches and closures )A few stuck it out. It has a $4.5 billion currency fund and a $4.4 multi-asset fund, recent public disclosures showed.

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