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☆ Veteran investor says 'tech is dead,' names safer stocks to weather the 'current storm'
▼ + stars: | 2023-01-19 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Stock picks Against that backdrop, Landsberg said he favors the consumer staples and health care sectors. Consumer staples will therefore be a better trade than discretionary stocks as consumer spending power is reined in, he added. They are still going to have to buy some of these things, and that's going to be a spot that's going to hold up better." It is a leading player in consulting but more importantly in tech consulting, which is cybersecurity, artificial intelligence, and defense," Landsberg said. "With cyberattacks around the world that's going to continue, I don't see them really having a problem getting more business and continuing the business that they have," he added.

☆ Roku CEO explains why the company is launching its own line of TVs
▼ + stars: | 2023-01-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Roku is counting on its growing consumer base beyond 70 million customers as it launches its own line of televisions, CEO Anthony Wood told CNBC on Thursday. The streaming company unveiled its new line of televisions, Roku Select and Roku Plus Series, Wednesday during the Consumer Electronics Show. "Roku streaming hours were 87 billion hours of streaming last year" said Wood. All TV is going to be streamed, that means all TV advertising is going to be streamed." Shares of Roku are up more than 4% in the early going of 2023, closing at $42.76 on Thursday.

☆ I used a 'light hypnosis' app for a month. It helped my productivity, but I was blown away by what it did to my downtime.
▼ + stars: | 2023-01-04 | by ( Julie Peck | ) www.businessinsider.com time to read: +8 min

Julie Peck is a freelancer who was having trouble focusing on tasks, so she tried the app BrainTap. Similar audio programs are available for free on YouTube and Spotify, as well as on rival meditation apps like Insight Timer, Sacred Acoustics, and EquiSync. BrainTap app screenshot. Screenshot of different modules on BrainTap app. I've listened to the focus programs first thing in the morning, during the afternoon, and at the end of the day.

☆ TikTok is ‘digital fentanyl,’ incoming GOP China committee chair says
▼ + stars: | 2023-01-01 | by ( Andrew Millman | ) edition.cnn.com time to read: +6 min

Washington CNN —TikTok is an addictive drug China’s government is providing to Americans, says the incoming chairman of a new House select committee on China. TikTok, whose parent company, ByteDance, is Chinese-owned, has been banned from electronic devices managed by the US House of Representatives, according to an internal notice sent to House staff. The move comes after more than a dozen states in recent weeks have implemented their own prohibitions against TikTok on government devices. “We have to ask whether we want the CCP to control what’s on the cusp of becoming the most powerful media company in America,” he told NBC. Security experts have said that the data could allow China to identify intelligence opportunities or to seek to influence Americans through disinformation campaigns.

☆ 14 top ad industry recruiters who are helping companies like Albertsons and IPG find the best talent to help them get through a tough economy
▼ + stars: | 2022-12-29 | by ( Michael Kaminer | ) www.businessinsider.com time to read: +1 min

Even as companies downsize, the demand for ad talent is still surging. As hiring power shifts back to companies, candidates need to actively sell themselves. "When the economy goes south, there is demand for certain kinds of talents," said Gary Stolkin, global CEO of The Talent Business. And talent acquisition itself keeps evolving, recruiters told Insider, with social media platforms like TikTok becoming a valuable tool for both candidates and employers. Here are 14 top industry recruiters advertisers and marketers are turning to fill roles during this uncertain period.

☆ Why Southwest is melting down
▼ + stars: | 2022-12-27 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

By Monday, air travel was more or less back to normal – unless you booked your holiday travel with Southwest Airlines. More than 90% of Tuesday’s US flight cancellations are Southwest, according to flight tracking website FlightAware. Southwest warned that it would continue canceling flights until it could get its operations back on track. Similar to this month’s service mayhem, Southwest fared far worse than its competitors last October. While Southwest canceled hundreds of flights in the days following the peak of October’s disruption, competitors quickly returned to normal service.

Layoffs have been hitting the ad industry as marketers trim spending amid a softening economy. Insider is tracking which ad and marketing companies have laid off staffers, and how many. Layoffs have been hitting the ad industry since early this year as marketers reined in their spending over growing economic concerns. Marketing is typically the first expense companies cut in downturns and times of uncertainty, and the industry's biggest trend forecasters have revised down their estimates for global ad revenue growth next year. Insider is tracking which companies across the ad industry are cutting staff and how many.

WASHINGTON/PARIS, Dec 19 (Reuters) - For nearly two years the United States has tried and failed to negotiate a revival of the 2015 Iran nuclear deal yet Washington and its European allies refuse to close the door to diplomacy. Under the 2015 Joint Comprehensive Plan of Action under which Tehran reined in its nuclear program in return for relief from economic sanctions. A U.S. intelligence estimate disclosed in late 2007 assessed with high confidence that Iran was working to develop nuclear weapons until the fall of 2003, when it halted the weapons work. "We will continue with the pressure while keeping the door open for a return to diplomacy," U.S. special envoy for Iran Robert Malley told reporters in Paris last month, adding that if Iran crossed "a new threshold in its nuclear program, obviously the response will be different." Even if the 2015 nuclear deal cannot be resurrected, the senior Biden administration official said other diplomatic solutions might be possible.

Here are the 12 hottest adtech companies of 2022. Marketers reined in digital ad spend, and adtech companies felt the blow, leading to industry-wide layoffs. Adtech companies with solid businesses that solved problems in hot areas like retail media and streaming TV stood out this year. And retailers like Walmart and Kroger signed new deals with adtech companies to expand their advertising businesses. Here are the 12 hottest adtech companies of 2022.

☆ 21 production companies that are acquisition targets as streamers race to get profitable and private equity bets big on Hollywood content
▼ + stars: | 2022-12-12 | by ( Lucia Moses | Elaine Low | Claire Atkinson | ) www.businessinsider.com time to read: +4 min

The streaming wars have fueled a wave of deal-making for Hollywood production companies. Private equity is leading the charge, with firms like Apollo and Blackstone spending big on content. Insider identified 21 top production companies that could attract buyers or investors in 2023. Media companies need fresh content to win and keep subscribers who have more options than ever to choose from. Insider spoke with five industry dealmakers, consultants, and other experts who named 20 companies that could be hot acquisition targets as the drive for content continues.

Some of Signore’s newer content takes aim at the people he said contributed to the allegations against him and their aftermath. Signore recorded the interview and released segments of it in July in a YouTube video criticizing NBC News’ coverage of the trial.) In between clips from the trial, Signore comments that he believes the testimony is true and reflects strongly on Depp’s case. Business Insider reported that the top three Super Chat earners on YouTube during the trial were creators who exclusively streamed it. “There’s no due process,” Signore said in the May video comparing himself to Depp and one of his accusers to Heard.

☆ China's property woes fuel risks to its financial system - Moody's
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Dec 2 (Reuters) - Risks to the stability of China's financial system are rising on continued sluggishness in its property sector and an economic slowdown, making smaller banks more vulnerable, rating agency Moody's said on Friday. China's property sector has slowed sharply this year after Beijing's efforts reined in excessive borrowing by developers. "Risks to the stability of China's financial system are rising amid a contraction in the property sector and the country's economic slowdown." Despite the banking system's overall strength, smaller banks are most vulnerable and much more exposed to risks from the property sector, Moody's said. The property sector risks have weighed on banks' asset quality, with analysts expecting the non-performing ratio for real estate will stay high for lenders in the coming months.

☆ Despite ongoing Covid risks, more employees consider cutting back on health-care benefits
▼ + stars: | 2022-11-30 | by ( Jessica Dickler | ) www.cnbc.com time to read: +7 min

Almost 159 million Americans rely on employer-sponsored health insurance coverage. Health insurance plansFor starters, consider what your health coverage costs you. But "don't just look at the monthly cost of your health insurance," Cosgray advised. To be able to use an HSA, you need to be enrolled in a high-deductible health plan, or HDHP. Other voluntary benefits offered through an employer can provide additional protection, including hospital indemnity insurance, critical illness coverage and accident insurance.

☆ Jiang Zemin made China richer and more unequal
▼ + stars: | 2022-11-30 | by ( John Foley | ) www.reuters.com time to read: +5 min

NEW YORK, Nov 30 (Reuters Breakingviews) - Jiang Zemin, who died on Wednesday, catapulted China into the modern world. And his death comes at an inconvenient time for the current president, Xi Jinping. Chosen as party chief weeks before the violent 1989 suppression of Tiananmen Square protesters who demanded economic and political reforms, Jiang inherited a system riven by infighting. While numbers can deceive in a state-led economy like China’s, Jiang still notched up some encouraging stats. Follow @johnsfoley on TwitterCONTEXT NEWSJiang Zemin, the former president of China, died on Nov. 30.

☆ Falling house prices will help the Fed tame inflation – but they also increase the risk of a prolonged economic downturn
▼ + stars: | 2022-11-26 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

But a housing market slowdown also increases the risk of a recession. The aggressive monetary tightening lifted the average 30-year US mortgage rate from 5.60% to 6.84% over the last three months, according to Bankrate. "A decline in home buying is one of the byproducts of tighter monetary policy," Macquarie's head of economics David Doyle told Insider. What has the Fed said about the housing market? Should borrowing costs remain too high for too long, those industries risk facing a decline in business at a time when monetary tightening is already squeezing their cash flows.

☆ Where can you buy Taylor Swift tour tickets? Not Ticketmaster
▼ + stars: | 2022-11-18 | by ( James Skoufis | James Skoufis Is A Democratic New York State Senator Representing The Hudson Valley. In | He Undertook A Legislative Investigation Into Predatory Ticketing Practices | ) www.nbcnews.com time to read: +6 min

Ticketmaster is, yet again, pointing blame at literally everyone but itself after the latest debacle involving tickets for Taylor Swift’s 2023 “Eras” concert tour. Federal anti-trust regulators never should’ve allowed the company’s 2010 merger with Live Nation — and should course-correct by breaking up Ticketmaster. It’s likely that at each of Taylor Swift’s 52 upcoming concerts, thousands of tickets will be “held back” and never released to the general public. Even if you do secure a ticket, fees are out of control. “I should not be left to my own devices,” sings Taylor Swift.

☆ Nobel laureate Paul Krugman calls for a crypto crackdown after the FTX fiasco - and warns regulation could wipe out the industry
▼ + stars: | 2022-11-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Plunging prices and collapsing companies show crypto needs to be regulated, Paul Krugman says. The Nobel Prize-winning economist warned stricter rules could spell the end of the crypto industry. Krugman suggested traditional banks could dominate the crypto space if regulators crack down. The veteran economist also took aim at crypto exchanges and lenders, which are facing mounting financial and regulatory pressures. He pointed out that both crypto firms and traditional banks rely on people trusting them with their money.

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☆ UK's Hunt says average household energy bill to rise, keeps cap
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +2 min

Providing details on what will happen to annual energy bills from next April, he said they would rise by about 500 pounds. "From April, we will continue the Energy Price Guarantee for a further 12 months at a higher level of 3,000 pounds per year for the average household," Hunt told parliament on Thursday. Without the price guarantee, household gas and electricity bills were expected to rise to 3,739 pounds a year from next April based on average energy use, according to analysts at Cornwall Insight. The "Energy Price Guarantee" will be kept under review and the government could revisit the scheme's parameters if the forecast cost rises significantly, it added. After April 2024, the government plans to develop a new approach to protecting consumers from energy price rises, it said.

☆ Taylor Swift meltdown caused by Ticketmaster abusing its market power, Senate antitrust chair says
▼ + stars: | 2022-11-17 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN Business —Senator Amy Klobuchar criticized Ticketmaster in an open letter to its CEO, saying she has “serious concerns” about the company’s operations following a service meltdown Tuesday that left Taylor Swift fans irate. Ticketmaster and Live Nation, the country’s largest concert promoter, merged about a decade ago. Klobuchar noted that the company at the time pledged to “develop an easy-access, one-stop platform” for ticket delivery. It’s no secret that Live Nation-Ticketmaster is an unchecked monopoly,” Rep. David Cicilline, currently the chairman of the Antitrust Subcommittee, tweeted on Tuesday. The Justice Department and states allowed the Live Nation Ticketmaster merger to go through despite a 2010 court filing in the case raising objections to the merger.

☆ Ticketmaster meltdown for Taylor Swift tickets sparks outrage
▼ + stars: | 2022-11-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

The Justice Department and many state attorneys general have made similar complaints over the years. The Justice Department and states allowed the Live Nation Ticketmaster merger to go through despite a 2010 court filing in the case raising objections to the merger. In the filing, the Justice Department said that Ticketmaster’s share among major concert venues exceeded 80%. Past efforts to rein in Ticketmaster control over the ticket market have failed. The Justice Department and the states gave approval of to the Live Nation-Ticketmaster combination, but did call for some oversight.

☆ What to expect when economic bellwether Cisco reports quarterly results
▼ + stars: | 2022-11-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Enterprise spending Demand from enterprise customers has been holding up this year, despite the challenging global economic backdrop. Transition from hardware to software Cisco's transformation to software subscription should be a long-term growth catalyst for the company. At the same time, a weaker global economy could hold back enterprise spending and dent Cisco's revenue. Cisco's stock has been punished this year, along with the rest of the tech sector, and is down 28.8% year-to-date. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Mark Zuckerberg's giant middle finger to Wall Street backfired for Meta. Welcome to the 'biggest two week pivot' analysts have ever seen.
▼ + stars: | 2022-11-09 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

The move went stunningly wrong, crushing the shares of Facebook parent company Meta. What really surprised Wall Street were the other steps Zuckerberg is taking:Meta extended its hiring freeze through the first quarter of 2023. This one by Zuckerberg ranks at or near the top, with the analyst calling it "the biggest two week pivot we've ever seen." For Zuckerberg, Meta and even Silicon Valley, this is another sign that the eras of abundance and founder-friendly investing are ending. For Wall Street, this all came about two weeks too late.

☆ Cramer: Why tech can't find a bottom as other parts of the market show signs of life
▼ + stars: | 2022-11-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

The Carvana and Zillow calls aren't resonating because the autos and housing companies have already seen their stocks crushed. At the same time, these once-thriving tech companies that saw an ever-expanding funnel somehow didn't seem to see any of this coming. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Supply-Chain Tech Provider Project44 Delays Potential Public Offering
▼ + stars: | 2022-11-03 | by ( Paul Page | ) www.wsj.com time to read: +4 min

Supply-chain technology provider project44 has postponed plans for a possible public stock offering amid the uncertainty in markets, and instead is turning to more venture-capital investment to expand its business tracking goods through global transportation networks. Funding for supply-chain technology startups has also tapered off this year, according to analytics firm PitchBook Data Inc., as venture-capital firms have reined in deal making. Mr. McCandless said project44 can continue to expand without going to public markets over the next couple of years based on its existing investment and cash flow. PREVIEWMr. McCandless said project44 was in position to file paperwork in June for a future public stock offering. A public offering, he said, would allow more venture-capital and private-equity investors to cash out in public markets while letting the company have continuing access to capital.

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