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☆ Johnson & Johnson deserves more credit for another healthy quarter and strong guidance
▼ + stars: | 2023-01-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Johnson & Johnson (JNJ) posted another solid quarter of healthy growth — and another productive year of free-cash-flow generation — despite a slight miss on sales. On an adjusted operational basis, which excludes the impact of acquisitions and divestitures and currency, sales rose 0.8%. But the new year has been tough on pharmaceutical stocks and almost all of health care, including JNJ stock, which is down 6% year to date. Johnson & Johnson forecasts adjusted EPS on an operational basis to grow 2.5% to 4.5%, which at a midpoint of $10.50 compares favorably to the consensus of $10.33. Its addition to the MedTech division is expected to help accelerate sales growth this year.

☆ Cuba begins London court battle over unpaid Castro-era debt
▼ + stars: | 2023-01-23 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

[1/3] Students hold images of the late Cuban President Fidel Castro during an event commemorating the five year anniversary of his death, in Havana, Cuba, November 24, 2021. REUTERS/Alexandre Meneghini/File PhotoLONDON, Jan 23 (Reuters) - Cuba began a high-stakes legal battle in London's High Court on Monday over unpaid Fidel Castro-era government debt now held by one of the communist-run country's creditors. CRF originally launched the claim almost three years ago after Havana refused a debt relief offer made by CRF and some other bond holders back in 2018. But having not dealt with its commercial creditors in the so-called London Club the country remains shut out of international capital markets. ($1 = 0.9210 euros)Reporting by Marc Jones and Sam Tobin; Editing by Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.

Some insurance companies will allow you to reinstate a lapsed life insurance policy with a new medical exam. For some recently laid-off workers, this is an opportunity to think strategically and ask yourself:Are there options for converting term life insurance to permanent life insurance for your policy? Stop thinking of life insurance as just the death benefitIn the long term, policyholders with savings should consider life insurance an issue of redistributing assets. When you think of it this way, redistributing other savings to maintain and grow your life insurance savings is easier. Policyholders can reinstate a typical life insurance plan without a new medical exam or other complications within 30 days.

☆ A 33-year market vet shares why history shows stocks will likely fall more than 20% further before bottoming as a recession barrels toward the US economy
▼ + stars: | 2023-01-07 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But Lebowitz thinks there's a much greater chance that a recession occurs, forcing the Fed to back off. And then there's the inverted yield curve, which has preceded every recession since the 1960s. RIA AdvisorsIt's also not a good environment for stocks because yield curve inversions have usually meant large downward earnings revisions, which haven't happened yet. RIA AdvisorsAnother look at history, Lebowitz said, shows that a recession has to be already underway before stocks can bottom out. The yield curve, Chicago PMI, and other analyses argue it's a matter of when but if a recession occurs.

Mortgage rates have been holding relatively steady over the past few days after increasing somewhat last week. See more mortgage rates on Zillow Real Estate on ZillowMortgage refinance rates todayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage calculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 30-year fixed mortgage ratesThe current average 30-year fixed mortgage rate is 6.42%, according to Freddie Mac. 15-year fixed mortgage ratesThe average 15-year fixed mortgage rate is 5.68%, a single basis point decrease from the prior week, according to Freddie Mac data.

☆ Twitter's real problem is that the constant string of Elon Musk scandals is making it boring
▼ + stars: | 2022-12-16 | by ( Rob Price | ) www.businessinsider.com time to read: +4 min

InsiderThe only thing anyone talks about on Twitter these days is Elon Musk. Since Elon Musk acquired the company in October, there's been a new scandal every week. But as many have already pointed out, Twitter only has one main character now, and that's Elon Musk. The 51-year-old Tesla CEO is firmly centered at the heart of the platform's discourse, day after day. Twitter users who built their brand on the so-called #Resistance against President Donald Trump's administration have pivoted with glee to railing against Musk.

☆ Survived the tech layoffs? Congrats, but you're not out of the woods yet.
▼ + stars: | 2022-12-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Tech workers who survived layoffs this year will likely face tougher performance reviews next year. From Meta to Salesforce, tech firms across the board are looking to tighten their belts further in 2023 using a tactic unpopular with workers: stack ranking. Buckley noted that scenarios like this make it easier for companies to offer increasingly vague notions of what counts as low performance. Last week, Insider reported that the number of people finding themselves in the lowest-performance categories come annual performance reviews in January will roughly double. Buckley said those who remain will likely have to meet higher expectations — Salesforce teams, for example, have been given higher sales targets.

LONDON, Dec 9 (Reuters) - With world markets in thrall to the final big three central bank meetings of a tumultuous year next week, the parallel world of fiscal policy takes a back seat. The UK's disastrously botched giveaway budget in September set out for many the limits of what's possible in a world of double-digit inflation. Loosen the public purse strings any further and the commensurate level of interest rates needed to then get inflation back to 2% targets balloons, and risks melting the economy down in other ways. OECD chart on fiscal outlook'BRUTE FORCE'All of which begs the question of whether central banks will have to conduct the inflation fight on their own. And likely severe recessions from historically modest interest rates just force central banks to quickly return to so-called quantitative easing, undermining their own longer-term inflation battle.

☆ Oh, Trump Believes in Yesterday
▼ + stars: | 2022-11-17 | by ( Karl Rove | ) www.wsj.com time to read: 1 min

Donald Trump hates not being the center of attention. So on Tuesday he announced a third run for the presidency, even though Republicans rightly worry his announcement will change the Georgia Senate runoff from a referendum on President Biden to one on Mr. Trump. Fox News exit polls in Georgia showed Mr. Trump’s favorables were 44% and his unfavorables 54%, with 45% very unfavorable. Even some of the former president’s supporters hoped he would stay off the stage at least until after the runoff. But seething from the defeat of so many of his endorsed candidates, and agitated that the spotlight was on other potential 2024 GOP contenders, Mr. Trump filed to run hours after one of his favorite candidates, Kari Lake , was declared the loser in the Arizona governor’s race.

Now Kent, a former Green Beret who criticized Beutler for her impeachment vote and who has shared conspiracy theories about voting, will lose to businesswoman Marie Gluesenkamp Perez, a Democrat. "If Beutler had been the Republican nominee, she'd have won with 60% of the vote by now," said Chris Vance, the former chairman of the Washington State Republican Party, in an interview before NBC News projected the race. GOP primaries, Vance said, are no longer electing the best candidates because the base is more interested in ties to Trump. "If you're a Republican elected official, you've got to keep your head down," said Vance, who left the party after Trump's election. Gluesenkamp Perez avoided talking about party politics while emphasizing her rural background and her family's long ties to Washington state.

☆ Lenovo Delivers a Surprise Profit Boost
▼ + stars: | 2022-11-03 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

The personal-computer pandemic boom is logging off. But the world’s largest PC maker has managed to deliver surprising profit growth from its service businesses. China’s Lenovo on Thursday reported a 4% increase from a year earlier in its operating profit for the quarter ending in September—despite a 4% slide in revenue. Both numbers exceeded analysts’ forecasts according to S&P Global Market Intelligence. Analysts’ consensus estimate was a 9% operating-income decline.

☆ Women in venture capital are writing the rules of maternity leave and bending the male-dominated culture to their will
▼ + stars: | 2022-10-31 | by ( Melia Russell | Madeline Renbarger | ) www.businessinsider.com time to read: +13 min

And with more women entering the male-dominated venture industry, firms are being forced to craft maternity leave policies on the fly to accommodate new mothers. Forty years ago, the clubby male world of venture capital admitted so few women that maternity leave as a benefit was effectively nonexistent. "There is no playbook about how to take maternity leave or raise a family while also accelerating your career as an investor." Lux CapitalLike in many male-dominated industries, maternity leave as a benefit for investors doesn't come up in conversation until someone needs it. Though, the best policies, investors said, give women choices about how they operate on leave, rather than prescribing a one-size-fits-all leave.

☆ Polls close in Brazil’s polarizing Bolsonaro-Lula contest
▼ + stars: | 2022-10-30 | by ( ) www.cnbc.com time to read: +9 min

The runoff shaped up as a close contest between President Jair Bolsonaro and his political nemesis, former President Luiz Inácio Lula da Silva. There were multiple reports of what critics said appeared attempts to suppress the turnout of likely da Silva voters. Most opinion polls gave a lead to da Silva, universally known as Lula, though political analysts agreed the race grew increasingly tight in recent weeks. But while da Silva topped the Oct. 2 first-round elections with 48% of the vote, Bolsonaro was a strong second at 43%, showing opinion polls significantly underestimated his popularity. "If da Silva wins, we're going to have a problem," said Pedro Correia, 40, who joined his wife and two children in Copacabana.

☆ Breakingviews: Twitter deal sadly upholds primacy of shareholders
▼ + stars: | 2022-10-28 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

After more than six months of ping-ponging, second-guessing, whistleblowing, arguing and mud-throwing, Elon Musk on Thursday closed his $44 billion deal to buy Twitter (TWTR.N). The social media firm, its employees, its new owners, its creditors and the rest of the world are probably worse off. If Twitter shares had followed the same trajectory as social media rival Snap (SNAP.N) since March 31, losing more than 80%, its investors would be some $38 billion worse off. If capitalism is about maximising value for the almighty shareholder, regardless of the consequences for other stakeholders, the Twitter saga upholds that primacy. loadingCONTEXT NEWSElon Musk completed his deal to buy social media firm Twitter for $44 billion on Oct. 27.

☆ Hinge's founder said in the early days it almost ran out of money. It went on to get acquired by Tinder owner Match Group — here are 5 lessons he learned along the way.
▼ + stars: | 2022-10-20 | by ( Lisa Ksienrzyk | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +3 min

Justin McLeod is the founder and CEO of the dating app Hinge. He told Insider how Hinge got started and five lessons he's learned in his 11 years as a founder. Finally, in the summer of 2018, Hinge sold 51% of its shares to Match Group, the parent company of competitors like Tinder and OkCupid. McLeod said Match Group's takeover quickly helped Hinge grow, with the number of employees rising from about 50 to more than 200. I learned a lot from the mistakes I made from 2011 to 2016," McLeod told Insider.

☆ Startup founders are panicked amid a market meltdown, but most VCs don't want to hear it. 'It's like don't ask, don't tell.'
▼ + stars: | 2022-10-11 | by ( Melia Russell | ) www.businessinsider.com time to read: +12 min

"It's like don't ask, don't tell," Josh Felser, a successful founder and outspoken investor, said. The following report on how startup founders are coping with the funding crunch was originally published on August 4. Seven Seven Six partner Katelin Holloway. Her investor, Seven Seven Six, pays for its founders to participate. Caleb Frankel, whose Seven Seven Six-backed startup, EarlyBird, helps families invest in their kid's financial future, wants desperately to have kids, but he and his wife have struggled with pregnancy loss.

☆ In Los Angeles, Angel City FC Is a Hit In Its First Season
▼ + stars: | 2022-09-25 | by ( Rachel Bachman | ) www.wsj.com time to read: 1 min

Hollywood blockbusters that launch with a blast often fizzle when the hype wears off. But when Angel City FC plays its final home regular season match on Sunday, the National Women’s Soccer League expansion team in Los Angeles will have blown past its original franchise goals—and begun planning for a sequel. When Angel City began planning in 2020, it aimed for 5,000 season tickets in its first season. It sold nearly 16,000, and season-ticket renewals for 2023 are near 90%.

☆ How Angel City FC Created a Women’s Soccer Moneymaker
▼ + stars: | 2022-09-25 | by ( Rachel Bachman | ) www.wsj.com time to read: 1 min

We're buying 25 shares of Microsoft (MSFT) at roughly $240 each. In addition to the oversold Oscillator, we're putting some cash to work Thursday as a counter to the poor sentiment in the market. But at a minimum, we think these indicators suggest there's a lot of negativity already priced into the market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ I talked to 70 parents of highly successful adults—here are 5 phrases they always said to their kids
▼ + stars: | 2022-09-10 | by ( Margot Machol Bisnow | ) www.cnbc.com time to read: +3 min

The things that parents say to their kids can either encourage and give them confidence, or lower their self-esteem and hold them back in life. As I researched and wrote my book, "Raising an Entrepreneur," I talked to 70 parents who raised highly successful adults about how they helped their kids achieve their dreams. These parents were the opposite of "helicopter" parents (a.k.a. “My parents weren’t angry, they just told me I had to put them all back," he said. We fail, we try and try again, we fail, we try and try and try."

☆ Former MoviePass CEO Mitch Lowe looks back on the mistakes that led to the startup's collapse
▼ + stars: | 2022-09-06 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +19 min

Mitch Lowe, who has been a leader at Netflix, Redbox, and MoviePass, is releasing his book "Watch and Learn" on September 6. (L-R) MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth. I never tried to quiet people internally, if they said something wasn't going well I always embraced it. Like you wrote that you "didn't know jack shit" when you first started at Netflix. When I was offered to be CEO of MoviePass, I felt my whole career had led up to this moment.

☆ Lawyers Open up About Depression and Suicide, Saying It's Key to Saving Others
▼ + stars: | 2022-08-30 | by ( Casey Sullivan | Sindhu Sundar | ) www.businessinsider.com time to read: +15 min

His doctor had prescribed him antidepressants, but he was starting to realize that his mental health issues needed additional care. They said that doing so could alleviate the struggles of others, and that it's important for law firm attorneys to understand they aren't alone. He also co-founded the Lawyers Depression Project, a support network of some 900 legal professionals around the world, an endeavor he has found meaningful. "I didn't feel like I could keep surviving in an environment that played into the worst aspects of my own mental health," Alexander said. For lawyer-specific inquiries, you can find confidential, live assistance through Lawyer Assistance Programs offered through your state bar, as well as through the Lawyers Depression Project.

Those who don't negotiate are harming their careers, according to negotiation expert Jack Nasher. If you've just graduated or finished an internship, it's a good time to prepare yourself to negotiate the best salary you can, according to negotiation expert Jack Nasher. "Employees are of interest to a company when they cost the company less than they bring in," the expert explained. Research the industry-standard salary for the position you're applying forKnowing the average pay for your role will help you get ahead. The "non-offer offer" in an interview"Hiring managers usually ask later in the interview if you've given any thought to your potential salary," Nasher said.

My husband and I have made some mistakes with money in the past, including racking up $30,000 of credit card debt. No matter how hard we tried, it seemed like we couldn't make a dent in the credit card balance. He encouraged us to open up two more credit card accounts. The CFP wisely suggested we check our current credit cards to see which had the highest interest, and move accordingly. In an ideal world, we would have paid off the credit cards sooner so we wouldn't throw money away on interest.

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