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☆ This is what cost basis means when buying stocks — and why we (usually) don't violate it
▼ + stars: | 2023-02-09 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

You'll often hear Jim Cramer say that we don't want to violate our cost basis when adding to one of our Club positions. When Jim says that our discipline forbids us from "violating our cost basis," he means we want every new buy in a stock we own to be below the weighted average cost basis. As a result, each new buy should serve to reduce the overall weighted average cost basis of the position. Most brokerage tools calculate this for you, usually in the "cost" column or "cost basis" column in the dashboard. We don't get hung up on how that might affect cost basis because the reason for selling takes precedence.

☆ Britain says Microsoft's 'Call of Duty' deal could harm gamers
▼ + stars: | 2023-02-08 | by ( Paul Sandle | ) www.reuters.com time to read: +3 min

[1/2] Activision games "Call of Duty" are pictured in a store in the Manhattan borough of New York City, New York, U.S., January 18, 2022. REUTERS/Carlo Allegri/File PhotoSummarySummary Companies Deal raises concerns- regulatorAcquisition threatens Xbox and PlayStation rivalryMicrosoft says committed to addressing concernsLONDON, Feb 8 (Reuters) - Britain's antitrust regulator said Microsoft's (MSFT.O) $69-billion purchase of "Call of Duty" maker Activision Blizzard (ATVI.O) could harm gamers by weakening the rivalry between Xbox and Sony's PlayStation. The Competition and Markets Authority (CMA) said the deal could result in higher prices, fewer choices and less innovation for millions of gamers, as well as stifling competition in the growing cloud gaming market. In December, the United States moved to block the deal, citing Microsoft's record of hoarding valuable gaming content. Microsoft, which has pledged to keep "Call of Duty" on PlayStation, said it would address the CMA's concerns.

☆ Here's why you don't bring a trader knife to a bull gunfight — and other lessons for navigating this new market
▼ + stars: | 2023-02-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

What matters in a real bull market, though, is the company and the sector it's in, not the S & P 500 . So, the first lesson is to understand that in a bull market the buyer gets the benefit of the doubt, not the seller. Secondly, in a bull market you have to fight the temptation to trade down. So, again, know that in a bull market the sellers better have a lot of conviction or else they will lose the opportunity to make money. It's our job to keep you from doing so by helping you to navigate this bull market that started in October 2022 — a bull market that almost no one seems to recognize except us.

[1/3] Starbucks cups are pictured on a counter in the Manhattan borough of New York City, New York, U.S., February 16, 2022. REUTERS/Carlo AllegriFeb 2(Reuters) - Starbucks Corp (SBUX.O) missed Wall Street expectations for quarterly comparable sales on Thursday, as persistent weakness in the coffee chain's China business offset strong sales in the North American market. That resulted in a 29% fall in China comparable sales for Starbucks in its first fiscal quarter ended Jan. 1, pulling total international comparable sales down 13%. Global comparable sales at Starbucks rose 5%, compared with analysts' average estimate of a 6.75% rise, according to Refinitiv IBES data. Starbucks reiterated its previous guidance of global comparable sales growth of 7% to 9% for its fiscal 2023.

☆ Juventus suffer shock home loss to Monza
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +1 min

Jan 29 (Reuters) - Juventus suffered another blow in their bid for Champions League qualification as they slumped to a 2-0 home defeat by Monza in Serie A on Sunday. Juventus are languishing 13th in the standings with 23 points, two places behind Monza. Massimiliano Allegri's side have not been able to recover momentum after being docked 15 points this month following an investigation into the club's transfer dealings. They are 15 points behind AC Milan in the last Champions League qualification spot. Juventus dominated the second half but were repeatedly denied by Monza keeper Michele Di Gregorio who made several good saves.

☆ U.S. asks judge to hold Shkreli in contempt for allegedly flouting pharma industry ban -filing
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Former drug company executive Martin Shkreli exits U.S. District Court after being convicted of securities fraud, in the Brooklyn borough of New York City, U.S., August 4, 2017. REUTERS/Carlo AllegriWASHINGTON, Jan 20 (Reuters) - The U.S. Federal Trade Commission (FTC) asked a federal judge on Friday to hold Martin Shkreli in contempt for allegedly impeding its efforts to determine whether he flouted a ban on working in the pharmaceutical industry. Shkreli was released early from prison last May. U.S. District Judge Denise Cote imposed the lifetime drug industry ban and $64.6 million penalty last February, related to Shkreli's efforts to keep generic Daraprim rivals off the market. Reporting by Diane Bartz and Jon Stempel; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ FuboTV insiders describe how its 'doomed' sportsbook collapsed in a year — and what it means for the future of the streaming company
▼ + stars: | 2023-01-19 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com time to read: +22 min

But despite the MetLife lounge remaining open throughout the 2021-22 NFL season, the Fubo Sportsbook wouldn't launch in New Jersey until the following one, in September 2022. "It was doomed from the start," one former Fubo Gaming staffer told Insider. Meanwhile, Rattner — whom the first former Fubo gaming staffer described as a "good talker" — sustained the startup's more youthful culture. The Fubo Sportsbook launched in New Jersey on September 7, days before the first Jets home game. A promotional image from when the Fubo Sportsbook went live in New Jersey in September 2022.

[1/4] A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. The chief financial officers of the two biggest U.S. banks said they would hire selectively despite waning economic growth. JPMorgan's (JPM.N) Chief Financial Officer Jeremy Barnum said the bank is still hiring and "in growth mode" in a call with journalists to discuss the bank's fourth-quarter earnings. Bank of America (BAC.N) also continues to hire, particularly in wealth management, while also remaining disciplined on its expenses, Chief Financial Officer Alastair Borthwick told reporters on Friday. The banking giants stood by their hiring plans even as other lenders cut staffing in investment banking and mortgages.

REUTERS/Carlo AllegriDec 21 (Reuters) - Donald Trump plans to argue that a New York law allowing a writer to sue the former U.S. president over claims that he raped her decades ago is unconstitutional, according to a court filing. Trump has denied Carroll's claim that he raped her in a dressing room in a Bergdorf Goodman department store 27 years ago. The former Elle magazine columnist is suing Trump for defamation and battery under New York's Adult Survivors Act. Carroll had sued Trump for defamation in 2019 for denying her allegations, and a trial is scheduled in that case for April. Reporting by Daniel Wiessner in Albany, New York; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ EU regulators quiz rivals on Microsoft tactics after Activision
▼ + stars: | 2022-12-20 | by ( Foo Yun Chee | ) www.reuters.com time to read: +3 min

[1/2] Activision games "Call of Duty" are pictured in a store in the Manhattan borough of New York City, New York, U.S., January 18, 2022. REUTERS/Carlo Allegri/File PhotoBRUSSELS, Dec 20 (Reuters) - EU antitrust regulators have asked game developers and distributors if they think Microsoft (MSFT.O) will block their access to Activision Blizzard's (ATVI.O) games once it has bought the company, an EU document seen by Reuters shows. "Please specify which partial exclusivity strategy or strategies you believe Microsoft would have the ability to deploy with respect to Activision Blizzard's console games after Microsoft's acquisition of Activision Blizzard," the questionnaire asked. The EU antitrust watchdog asked if such strategies would include degrading the quality or interoperability of Activision's games available on competing consoles or providing upgrades to Activision's games only on Xbox. Regulators asked what advantages and disadvantages game developers and publishers and console game distributors would face if a game is distributed exclusively on one console.

☆ Afghan Taliban administration, Myanmar junta not allowed into United Nations for now
▼ + stars: | 2022-12-15 | by ( Michelle Nichols | ) www.reuters.com time to read: +2 min

[1/2] The United Nations headquarters building is pictured though a window with the UN logo in the foreground in the Manhattan borough of New York August 15, 2014. REUTERS/Carlo AllegriUNITED NATIONS, Dec 14 (Reuters) - A decision on whether the Afghan Taliban administration and the Myanmar junta can send a United Nations ambassador to New York has been postponed for a second time, but could be reconsidered in the next nine months, according to a U.N. credentials committee report. The nine-member U.N. credentials committee includes Russia, China and the United States. Competing claims were again made for the seats of Myanmar and Afghanistan with the Taliban administration and Myanmar's junta pitted against envoys of the governments they ousted last year. U.N. acceptance of the Taliban administration or Myanmar's junta would be a step toward the international recognition sought by both.

☆ For the first time in his presidency, Biden's approval rating on Main Street goes up
▼ + stars: | 2022-12-09 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +3 min

Carlo Allegri | ReutersIt may not have increased by much, and it's rising from an all-time low, but for the first time during his presidency, Joe Biden's approval rating on Main Street has gone up. The CNBC|SurveyMonkey Small Business Survey for Q4 2022 was conducted Nov. 9-Nov. 16 among nearly 2,600 small business owners. Biden's approval rating still remains heavily partisan: Just 8% of small business owners who are Republican approve of President Biden. "This is the first quarter of Biden's presidency where we've seen any improvement whatsoever in Biden's approval among small business owners, so it's important because it breaks the trend," said Laura Wronski, senior manager of research science at Momentive. Small business owners are more confident this quarter than last, with the overall survey reading moving up modestly and fears of recession declining quarter over quarter.

☆ U.S. seeks to stop Microsoft's $69 bln bid for games maker Activision
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +3 min

[1/2] A person walks past a Microsoft store in the Manhattan borough of New York City, New York, U.S., January 20, 2022. REUTERS/Carlo Allegri/File PhotoWASHINGTON, Dec 8 (Reuters) - The Biden administration filed a complaint on Thursday aimed at blocking tech giant Microsoft's (MSFT.O) $69 billion bid to buy "Call of Duty" games maker Activision , over concerns the deal would deny rivals access to popular games. Microsoft, which owns the Xbox, said in January 2022 that it would buy Activision for $68.7 billion in the biggest gaming industry deal in history. Shares in Microsoft and Activision both fell on news of the FTC complaint. Chair Lina Khan and the two Democrats on the commission voted to approve the complaint, while Commissioner Christine Wilson voted no.

☆ Lazard CEO warns of more Wall Street layoffs
▼ + stars: | 2022-12-07 | by ( Manya Saini | ) www.reuters.com time to read: +2 min

[1/2] The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. Rivals Goldman Sachs Group Inc (GS.N) and Citigroup Inc (C.N) have also culled some staff. Elsewhere on Wall Street, BlackRock Inc (BLK.N), the world's largest asset manager, has also frozen hiring except in critical roles. "When I talk to our clients, they sound extremely cautious," Goldman Sachs CEO David Solomon told investors Tuesday. Reporting by Manya Saini and Noor Zainab Hussain in Bengaluru; Additional reporting by Lananh Nguyen in New York; Editing by Krishna Chandra Eluri, Lananh Nguyen and Anna DriverOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Vinicius Jr looking to terminate Nike deal, report says
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Nike swoosh logo is seen outside the store on 5th Avenue in New York, New York, U.S., March 19, 2019. REUTERS/Carlo AllegriSAO PAULO, Dec 4 (Reuters) - Brazil's Real Madrid forward Vinicius Jr is trying to terminate his sponsorship agreement with Nike Inc (NKE.N), website UOL reported on Sunday, saying the player feels he has been getting unfair treatment from the U.S.-based company. Vinicius Jr, who is currently with the national team at the Qatar World Cup, has contacted lawyers to seek litigation aimed at ending the deal that runs until 2028, the report said. Nike did not immediately respond to requests for comment outside business hours. The 22-year-old Vinicisu Jr has been one of Nike's biggest assets in Brazil, who are also sponsored by the U.S. sportswear maker, after the company terminated its endorsement deal with Neymar in 2021.

☆ Amazon UK adds e-cargo bikes, walkers in decarbonisation drive
▼ + stars: | 2022-11-24 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: An Amazon delivery person pulls a cart full of packages in the Manhattan borough of New York City, New York, U.S., December 10, 2021. REUTERS/Carlo Allegri/File PhotoLONDON (Reuters) - Amazon UK said it would expand its electric-cargo bike fleet and make more deliveries on foot to accelerate the decarbonisation of the transportation network it uses to deliver packages across the country. Amazon is targeting net-zero carbon by 2040 and said that the extra e-cargo bikes, a four-wheeled vehicle with handlebars and a container on the back, and the walkers would carry 2 million deliveries a year. In 2021, Amazon delivered more than 45 million packages using its electric fleet. As well as the electric bikes, it already has 1,000 electric delivery vans and five fully electric heavy goods vehicles in its fleet.

☆ U.N. General Assembly calls for Russia to make reparations in Ukraine
▼ + stars: | 2022-11-14 | by ( Daphne Psaledakis | ) www.reuters.com time to read: +3 min

Nov 14 (Reuters) - The United Nations General Assembly on Monday called for Russia to be held accountable for its conduct in Ukraine, voting to approve a resolution recognizing that Russia must be responsible for making reparations to the country. General Assembly resolutions are nonbinding, but they carry political weight. Ukrainian Ambassador to the U.N. Sergiy Kyslytsya told the General Assembly before the vote that Russia has targeted everything from factories to residential buildings and hospitals. Fourteen countries voted against the resolution on Monday, including Russia, China and Iran, while 73 abstained, including Brazil, India and South Africa. In March, 141 members of the General Assembly voted to denounce Russia's invasion, and 143 in October voted to condemn Moscow's attempted annexation of parts of Ukraine.

☆ COP27: U.N. to hunt sources of climate-warming methane from space
▼ + stars: | 2022-11-11 | by ( Richard Valdmanis | ) www.reuters.com time to read: +3 min

The system, dubbed MARS or Methane Alert and Response System, will build on a pledge signed by 119 countries since last year to cut methane emissions by 30% this decade, a goal scientists say is crucial to averting extreme climate change. "The Methane Alert and Response System is a big step in helping governments and companies deliver on this important, short-term climate goal," Inger Andersen, executive eirector of the U.N. "Reducing methane emissions can make a big and rapid difference, as this gas leaves the atmosphere far quicker than carbon dioxide." UNEP’s International Methane Emissions Observatory will then share information about the leak with whoever is responsible in the hope they will find the cause of the leak and repair it. U.S. Special Climate Envoy John Kerry, who helped spearhead the Global Methane Pledge to cut methane emissions last year, called the new system "critical" to climate efforts.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. A split government could result in political gridlock that stymies major policy changes, an outcome that investors see as favorable for equities. Shares of Meta Platforms Inc (META.O) climbed 5.4% following a report that the company was planning to begin large-scale layoffs this week. Advancing issues outnumbered decliners for a 1.31-to-1 ratio on the NYSE and a 1.10-to-1 ratio on the Nasdaq. The S&P index recorded six new 52-week highs and two new lows, while the Nasdaq recorded 43 new highs and 95 new lows.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo AllegriSummarySummary Companies Meta Platforms rises on report of job cutsFutures up: Dow 0.22%, S&P 0.21%, Nasdaq 0.23%Nov 7 (Reuters) - U.S. stock indexes were set to open higher on Monday following a rollercoaster week, with investor focus shifting to Tuesday's midterm elections that will determine control of Congress. Traders are now betting on 67% odds of a 50-basis point rate hike at the U.S. central bank's meeting in December. ET, Dow e-minis were up 72 points, or 0.22%, S&P 500 e-minis were up 7.75 points, or 0.21%, and Nasdaq 100 e-minis were up 25.25 points, or 0.23%. The CBOE Volatility index (.VIX), also known as Wall Street's fear gauge, rose to 25.38 points a day after closing at its lowest since Sept. 13.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. "In general we have seen stocks perform better after a split government, I expect that to continue." Economists expect the annual consumer prices inflation to slow to 8.0% and the core numbers to dip to 6.5%. Both the midterm elections and inflation are likely to provide major cues for Wall Street after a volatile week dominated by mixed jobs report and hawkish comments from Fed Chair Jerome Powell. All the three major U.S. stock indexes are in bear market territory, from their previous record closing highs.

☆ Inter will need to be on top form to beat Juve, says Inzaghi
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +2 min

Nov 5 (Reuters) - Inter Milan will need to show character to beat a Juventus side stung by their Champions League exit, manager Simone Inzaghi said on Saturday. Eighth-placed Juve trail sixth-placed Inter by just two points, with both sides in need of win in Turin on Sunday to stay on the trail of leaders Napoli. Inter and Juve head into the game on the back of contrasting Champions League group-stage campaigns. "We know that it is a team which has been knocked out of the Champions League, they will be even more dangerous," Inzaghi told reporters. Inzaghi said Inter and Juve share some similarities, as both sides are recovering from a poor start to the season and have won four out of their last five Serie A matches.

☆ Berkshire's Brooks running unit settles trademark case against Brooks Brothers
▼ + stars: | 2022-10-26 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

REUTERS/Carlo AllegriOct 26 (Reuters) - Brooks, the running shoe unit of billionaire Warren Buffett's Berkshire Hathaway Inc (BRKa.N), has settled a lawsuit accusing the retailer Brooks Brothers of diluting its reputation and confusing customers by marketing athletic wear with the "Brooks" name, but without "Brothers." It objected last year to Brooks Brothers' launch of "faux" athletic wear, saying it threatened to "demoralize" consumers who associate the Brooks name with high-quality athletic wear, and to Brooks Brothers' "Back to Brooks" marketing campaign. Brooks Brothers countered that the lawsuit was an "ill-conceived ploy" to evade the coexistence agreement, and demanded Brooks' compliance. Founded in 1818, Brooks Brothers is the oldest continually-operating U.S. clothing retailer. The case is Brooks Sports Inc v SPARC Group LLC, U.S. District Court, Western District of Washington, No.

☆ NYC Marathon to harness livestream in fight to attract new fans
▼ + stars: | 2022-10-26 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

[1/2] Athletics - TCS New York City Marathon - New York, United States - November 7, 2021 People react at the finish line. REUTERS/Carlo AllegriNEW YORK, Oct 26 (Reuters) - The New York City Marathon is embracing livestreaming in a fight to create a new generation of athletics fans this year, becoming the first marathon major to broadcast the race live on its mobile app, organisers said on Wednesday. The marathon on Nov. 6 will already be broadcast to some 530 million homes worldwide but organisers hope the livestream will reach existing fans abroad without access to a traditional telecast. "So if you have content and you have valuable content, you have to migrate where the audience is." For Des Linden, a two-time Olympian who won the Boston Marathon in 2018, the appeal of livestreaming in athletics is simple.

☆ Explainer: COVID, flu and RSV this U.S. winter: Why experts are worried
▼ + stars: | 2022-10-26 | by ( Nancy Lapid | ) www.reuters.com time to read: +3 min

REUTERS/Carlo Allegri/File PhotoOct 26 (Reuters) - U.S. doctors are warning that a surge in cases of respiratory syncytial virus (RSV) is coinciding with an increase in COVID transmission and an earlier-than-normal flu season, raising the specter of a "tripledemic" of respiratory illness this winter. In particular, RSV infections among young children are reportedly filling some U.S. hospitals to capacity. Older children and most adults typically experience mild, cold-like symptoms. In the meantime, it is important "for everyone to get up to date on their COVID and flu vaccines," Varma said. Part of the increase in RSV cases is due to the relaxation of COVID-precautions, such as masking and social distancing, which reduced rates of both RSV and flu during the pandemic, Varma said.

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