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☆ Red Lobster is hosting a free 'Endless Lobster' event in Times Square—here's how to sign up
▼ + stars: | 2023-03-17 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Red Lobster will be offering select customers an all-you-can-eat lobster experience at its flagship New York City location on Tuesday, March 28. The first ever "Endless Lobster" event will treat 150 customers to as many 1¼-pound lobsters as they can handle, as well as broccoli and one side of their choice. Instead, Red Lobster will open reservations a week in advance at 10 a.m. EST on March 21. By signing up for the event, guests will also "grant Red Lobster the right and license to use their names, images, and/or statements for advertising and publicity purposes," according to fine print of the event. If you land a reservation but can't make your seating window, you'll lose your spot.

Employees have been working around the clock to onboard as many startups as possible in the wake of the implosion of Silicon Valley Bank. Silicon Valley Bank, which had more than $175 billion in deposits and served nearly half of US VC-backed startups, was taken over by US regulators on March 10. "That said, I am worried that this bias towards a Big Four bank is a double-edged sword," Shekar added. "SVB did not think like a big bank. They could understand your operating plan when a big bank would balk at it," Ashley Tyrner, CEO and founder of FarmBoxRX, told Insider.

☆ JPMorgan upgrades telecom stock Motorola Solutions, sees more than 15% upside
▼ + stars: | 2023-03-16 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to build a long-term position in Motorola Solutions , according to JPMorgan. Analyst Paul Chung upgraded Motorola Solutions to overweight from neutral, saying the telecommunications equipment firm that was spun off from telephone company Motorola Mobility Holdings is looking attractive. Motorola Solutions, the maker of video equipment and other software solutions, separated from Motorola Mobility Holdings in 2011. Since then, Motorola Solutions shares have had just two down years, most recently in 2022, when it fell just 5% while the S & P 500 dropped 19%. MSI 1D mountain Motorola Solutions shares 1-day Motorola has record backlog levels that are expected to remain robust on an upgrade cycle.

☆ Here are Thursday's biggest analyst calls: Credit Suisse, Amazon, Block, First Republic, FedEx & more
▼ + stars: | 2023-03-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: JPMorgan reiterates Amazon as overweight JPMorgan said growth deceleration concerns are overdone. Stifel upgrades FedEx to buy from hold Stifel said FedEx shares are compelling at current levels. JPMorgan reiterates Credit Suisse as overweight JPMorgan said it's standing by shares of the banking giant. JPMorgan upgrades Motorola Solutions to overweight from neutral JPMorgan called the telecom equipment company "high quality." Bank of America upgrades Takeda Pharmaceuticals to buy from neutral Bank of America said called Takeda a "stable value stock."

☆ Dollar finds footing as banking crisis fears calm down
▼ + stars: | 2023-03-15 | by ( Tom Westbrook | ) www.reuters.com time to read: +2 min

In early trade, the dollar selling of the past two sessions had abated and the greenback rose about 0.2% on both the euro and yen. Rallies in sterling, Scandinavian currencies, the Australian dollar and the New Zealand dollar also seemed to lose steam - though without really giving back any ground. "I think we end up with a lower Fed peak than was priced a week ago and all else equal that should result in the U.S. dollar being a bit weaker than where it was a week ago." Interest rate futures pricing now implies an 80% chance of a 25 basis point U.S. rate hike next week. The New Zealand dollar dipped 0.2% to $0.6225 and the Aussie , up 1.5% for the week so far, was flat at $0.6682 as investors caught their breath.

☆ The US is heading for a credit crunch and now is the time to buy gold and bitcoin, Galaxy CEO Mike Novogratz says
▼ + stars: | 2023-03-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Galaxy Digital CEO said that the US is heading for a credit crunch and economic downturn. "[T]he commodity market is telling you, the oil market is telling you we're heading into a recession." "The commodity market is telling you, the oil market is telling you we're heading into a recession." Gold, meanwhile, rallied 1.37% Wednesday to about $1,937.50, and Brent crude oil, the international oil benchmark, tumbled 5.6% to trade around $73 a barrel. "And so you're going to see a credit crunch happening in the United States and that's starting to get priced into the market in a dramatic way."

☆ Jim Cramer's top things to watch in the stock market Wednesday: Banking risk re-examined and markets sink
▼ + stars: | 2023-03-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Silicon Valley Bank and inflation complicate the Fed’s next move
▼ + stars: | 2023-03-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Everyday now we've been talking about Silicon Valley Bank — SVB — and I've had to catch myself several times from saying SBF — Sam Bankman-Fried — the guy behind the other big financial collapse in recent months. A) No rate hike at allB) 25 basis pointsC) 50 basis pointsTweet me (@philrosenn) or email me (prosen@insider.com) to let me know. Bank stocks are rising again as nerves calm — though SVB-driven fears are still niggling. Bank of America picked out a batch of financial stocks that offer upside right now amid the chaos. The token soared 15% as the February CPI print fueled more speculation for a smaller rate hike.

☆ One of the youngest people in the world to 3D print a house became a CTO at 22. Here's how she did it.
▼ + stars: | 2023-03-15 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

Kristen Henry is the 24-year-old chief technology officer of 3D printed home company Sq4d. Falling for 3D printingIn her second semester, Henry found her calling in a 3D printing class called See It, Change It, Make It. A 3D print of Yale's campus that Henry made in her first 3D printing class. Henry went on to design a small-scale concrete 3D printer with a colleague for her senior year design project. Compared with traditional building methods, "3D printed houses are fireproof and waterproof and much stronger."

☆ Mike Novogratz says a credit crunch looms as banking crisis grows. Where he's looking for safety
▼ + stars: | 2023-03-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The turmoil in the banking sector will hit the economy and continue to drag down the stock market, investor Mike Novogratz said Wednesday. In the latest crisis to hit the banking sector, Credit Suisse 's largest investor, Saudi National Bank, said it could not provide any more funding , according to Reuters. CS 1D mountain CS drops The decline added to pressure on U.S. stocks and the banking sector, which is already grappling with the collapse of Silicon Valley Bank and crypto-focused Signature Bank. On Sunday, banking regulators said it would backstop depositors with money at Silicon Valley Bank. Gold prices have moved higher , with the precious metal hitting a one-month high Monday as the banking turmoil drove bets the Fed may even pause its rate hikes.

☆ UK employers feel the strain of missing skilled workers
▼ + stars: | 2023-03-14 | by ( William Schomberg | ) www.reuters.com time to read: +8 min

But past attempts to train up more workers have seen the problem get worse by some measures, and any big improvement to the post-16 skills system is likely to take years. TRAINING REVAMPWithout a rapid overhaul of the training system, Britain's pool of highly skilled adults is likely to shrink further relative to other countries, the OECD has warned. Employers groups are calling on Hunt to tackle a key part of how training is funded in his budget speech. Corporate leaders acknowledge employers also need to do more themselves, and prioritize training even in lean times. "You're slowing down really quite a lot to go at the pace of the education system," he said of his company, which began as a print management firm in 1996.

Markets remained fragile, with European bank stocks tumbling over 5% on Monday and U.S. banks set to open lower (.SX7P). Markets also moderated their view on UK rates and were pricing in a roughly 75% chance of a 25 bps hike when the Bank of England meets next week. Goldman Sachs said on Sunday the banking stress meant it no longer expected the Fed to hike rates next week. "It's not going to want to go clattering in with another 50 (bps hike) and see some other financial institution getting hosed." A new Fed bank funding scheme aimed at addressing some of Silicon Valley Bank's apparent problems with losses in its bond portfolio is expected to further help with stability for banks and bonds.

☆ A top GE HealthCare marketing exec reveals the brand strategy that helped the GE spinoff become a $35 billion company two months after going public
▼ + stars: | 2023-03-13 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

GE HealthCare built a brand campaign that helped the company hit a $35 billion marketing cap. In January, GE HealthCare started publicly trading as its own business, and it now has a market cap value of $35 billion. GE HealthCare launched an ad campaign created by BBDO on January 4, the day of the spinoff. GE HealthCare is also building a social presence, mostly focused on LinkedIn. "It was a brilliant move because the GE brand stands for innovation, thinking differently, and creating dialogue," Fallon said.

☆ Biden’s Big Wealth Tax? Unconstitutional
▼ + stars: | 2023-03-11 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

One part of President Biden’s budget that deserves more attention is his stealth wealth tax, because it looks unconstitutional. He’s selling it as a 25% “minimum tax” on billionaire incomes, but see the fine print. The tax would apply to “those with wealth of more than $100 million,” while covering “all of their income, including appreciated assets.”Slight problem: Appreciated assets are not income. The Constitution bans the federal government from imposing “direct taxes,” unless they are apportioned among the states according to population. To get around that, Congress in 1909 passed the 16th Amendment, which for a century has permitted the feds “to lay and collect taxes on incomes.”

☆ DeSantis first-week memoir sales far outpace books by Trump, Pence, Clinton and Obama
▼ + stars: | 2023-03-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

DeSantis' book sales also appeared to far outpace recently published memoirs by a handful of other Republicans who have either launched 2024 presidential campaigns or are considering it, according to BookScan. Former Vice President Mike Pence's "So Help Me God," released last November, sold 37,600 print copies in week one. Of course, book sales alone don't guarantee a politician's future success. Former Democratic presidential nominee Hillary Clinton sold 86,200 print copies of her 2014 book "Hard Choices" in the first week, BookScan data showed. On Friday, DeSantis' book was listed No.

☆ Wall St Week Ahead: Inflation data on deck for markets hit by worries about Fed, banks
▼ + stars: | 2023-03-10 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, March 10 (Reuters) - A critical inflation report next week will test a U.S. stock market already consumed by worries over Federal Reserve hawkishness and potential fallout from the largest bank failure since the financial crisis. A hotter-than-expected consumer price report on Tuesday, however, could reignite fears of jumbo-sized Fed rate hikes like those that rocked markets last year. After a big rebound in January, the benchmark index is now clinging to a 0.6% gain for 2023. The consumer price report is followed the next day by more inflation data, on producer prices. Besides signs of falling inflation, reassurance for investors could come if it became clearer that SVB’s issues were unlikely to spread.

☆ Gen Zers are bookworms but say they're shunning e-books because of eye strain, digital detoxing, and their love for libraries
▼ + stars: | 2023-03-10 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Three Gen Zers gave their reasons for preferring printed editions over e-books. But when it comes to reading, Gen Zers say they prefer to pick up a printed book over an e-book. Book sales in the US and the UK have boomed in the past two years, the management consultancy McKinsey found. Perhaps the most surprising trend is not Gen Zers' love of books but the way they consume them. She said while e-books were affordable and great for traveling, her preference was printed books.

☆ Europe's lenders sucked into global banks rout
▼ + stars: | 2023-03-10 | by ( Alun John | ) www.reuters.com time to read: +2 min

[1/4] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 8, 2023. The episode underscored the vulnerability of banks, many of which were propped up by taxpayers' cash following the global financial crisis more than a decade ago. Investors in SVB's stock had fretted over whether the capital raise would be sufficient given the deteriorating fortunes of many technology startups that the bank serves. But some startups have been advising their founders to pull out their money from SVB as a precautionary measure, the sources added. Writing By John O'Donnell; Additional reporting by Jo Mason; Editing by Elisa Martinuzzi and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ UK economy rebounds with stronger-than-expected January GDP print
▼ + stars: | 2023-03-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

LONDON — The U.K. economy grew by 0.3% in January, official figures showed on Friday, exceeding expectations as it continues to fend off what economists see as an inevitable recession. The U.K. economy showed no growth in the final quarter of 2022 to narrowly avoid a recession — commonly defined as two quarters of negative growth — but shrunk by 0.5% in December. The ONS said Friday that monthly GDP is now estimated to be 0.2% below its pre-pandemic levels. Despite the better-than-expected January print, economists still broadly believe activity is on a downward trajectory, as high inflation eats into household incomes and business activity. While extending energy support will provide some relief to struggling households, aggressive tax rises would risk eliminating any lingering momentum from the economy," Thiru said.

☆ UK stocks slip as investors gauge prospects of U.S. rate hike
▼ + stars: | 2023-03-09 | by ( Susan Mathew | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 index (.FTSE) fell 0.6%, and the mid-cap index (.FTMC) lost 0.7%, extending losses for a third straight session. Strengthening the case for hikes, data showed U.S. job openings fell less than expected in January. The FTSE 100 is up more than 6% so far this year, but is off more than 2% from all-time highs hit last month as investors try to assess the impact of rising interest. Among individual stocks, Rio Tinto (RIO.L) dropped 0.6% as the miner traded without dividend eligibility. Reporting by Susan Mathew in Bengaluru; Editing by Sherry Jacob-Phillips and Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

☆ Ron DeSantis' memoir sold more copies in its first week than books by Donald Trump, Barack Obama, and Hillary Clinton
▼ + stars: | 2023-03-09 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

DeSantis' first memoir sold over 94,000 copies in its first week, a number that includes preorders. The first week of sales eclipsed those of Donald Trump, Barack Obama, and Hillary Clinton. Ron DeSantis' first memoir has outsold books by Donald Trump, Hillary Clinton, and Barack Obama during its first week of sales. Clinton's memoir "Hard Choices," about her time working in the Obama administration before mounting her presidential run, sold 86,200 copies in its first week, according to BookScan. The DeSantis political team declined to comment for this story.

☆ Sri Lanka to announce debt restructuring strategy in April - cenbank chief
▼ + stars: | 2023-03-09 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +3 min

The bailout is the culmination of months of negotiations as Sri Lanka looks to emerge from its worst economic crisis in more than seven decades. Weerasinghe said the country would expedite negotiations with commercial creditors and announce the debt restructuring strategy in consultation with them, before finalising the debt restructuring terms. Currently, Sri Lanka has to repay about $6 billion annually until 2029, President Ranil Wickremesinghe told parliament on Tuesday, but Weerasinghe said this amount will be reduced post-debt restructuring. Sri Lanka also has a $1.5 billion swap arrangement with China but that can only be used if domestic reserves support three months of imports. Weerasinghe also said that inflation is likely to come down faster than earlier forecast, even by the central bank.

☆ We have a buyer's mentality heading into Friday's highly anticipated jobs report
▼ + stars: | 2023-03-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Stocks accelerated to the downside late in the session as worries resurfaced about how Friday's employment report might influence Fed policy. Depend on the data Powell's testimony Tuesday before a Senate panel and Wednesday before a House panel was lengthy and covered a broad range of issues, including rates, inflation, the debt ceiling and cryptocurrency regulation. That includes the government's February nonfarm payrolls report on Friday and the latest readings on consumer inflation and wholesale inflation next week. Economists estimate that 207,500 nonfarm jobs were created in February — less than half of January's much stronger-than-expected 517,000 additions . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Hong Kong CNN —Europe’s biggest producer of advanced chipmaking technology has joined the United States in its escalating standoff with China. Japan has also been involved in three-way discussions with the Netherlands and the United States, a source familiar with the talks told CNN. China said Thursday it “firmly opposes” the Netherlands’ upcoming curbs, which come just months after the United States restricted sales of some semiconductor machinery to Beijing. He accused Western countries led by the United States of trying to “contain” and “suppress” China. European battlegroundThe announcement of the Netherlands’ export restrictions, the details of which are expected to be confirmed before the summer, isn’t the first time the US-China tech rivalry spilled over into Europe.

☆ Biden wants to kill junk fees — here's what could change and how you can minimize fees right now
▼ + stars: | 2023-03-08 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +9 min

But you don't have to wait for the government to take action to reduce your exposure to junk fees. Comparison shop (as well as you can) Ferreting out junk fees can be tricky and different products and services have their own red flags. The CFPB wants to limit credit card late fees and the Biden Administration is pushing for Congress to pass the Junk Fee Prevention Act, which addresses four types of junk fees. Credit card late fees The CFPB has proposed a new rule to limit credit card late fees to $8. While it doesn't come with a welcome bonus or a 0% intro APR period, it also doesn't charge any fees — including late fees.

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