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SAO PAULO, July 18 (Reuters) - An alternative investment vehicle controlled by French insurer AXA (AXAF.PA) said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak. Mombak, which is also backed by Bain Capital, will lead projects to reforest over 10,000 hectares of degraded pastureland, generating up to 6 million carbon credits. "We are building the largest carbon removal projects in the world," Mombak co-founder Peter Fernandez said in an interview. "The single largest opportunity that humanity has to do reforestation is in Brazil." "We would like to significantly scale up our deployment in Brazil and other Amazon basin countries."

Persons: Mombak, Peter Fernandez, Fernandez, Adam Gibbon, Gabriel Araujo, Brad Haynes, Josie Kao Organizations: SAO PAULO, AXA, AXA IM Alts, Bain Capital, Greenpeace, Reuters, Thomson Locations: Brazil

Bangkok CNN —Burger King is causing a stir in Thailand with its new offering: a burger with no meat and a jaw-dropping amount of cheese. This week, the Thai operator of the fast food chain introduced what it calls the “real cheeseburger,” a bun filled with as many as 20 slices of American cheese. This is for real,” Burger King said in a Sunday social media post. At one Burger King branch in Bangkok on Tuesday, a shift manager was overheard saying the outlet had to stop taking delivery orders so they could have enough stock left for walk-in diners. In Thailand, cheese is especially popular among young customers, and it is common for the dairy product to be sprinkled on all kinds of dishes.

Persons: Bangkok CNN — Burger, ” Burger King, CNN she’d, ”, angus, Alisa Chuengviroj, Burger Organizations: Bangkok CNN, Burger, CNN, Minor International, Dairy Locations: Bangkok, Thailand, Thai, United States

☆ Earnings season is upon us. What to look out for when major banks report Friday
▼ + stars: | 2023-07-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Wells Fargo (WFC) and Morgan Stanley (MS), our two financial holdings, will report quarterly numbers Friday and a week from Tuesday, respectively. All 23 institutions tested, including Wells Fargo and Morgan Stanley, passed the exercise that simulates a hypothetical severe global recession. Wells Fargo and Morgan Stanley announced increases in their capital returns to shareholders after clearing that regulatory hurdle. WFC YTD mountain Wells Fargo YTD performance Wells Fargo has a unique story among the major U.S. banks because of its multiyear restructuring plan. MS YTD mountain Morgan Stanley YTD performance When Morgan Stanley reports, net assets in its wealth management (WM) business will be a key metric.

Persons: Wells Fargo, Morgan Stanley, Christopher Whalen, Whalen, Banks, Wells, ROTCE, there's, Jim Cramer's, Jim Cramer, Jim, JPMorgan, Goldman Sachs Organizations: Federal, Silicon Valley Bank, Street, Street Journal, CNBC, Barclays, Investment, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: U.S, Silicon, SVB, Wells, Wells Fargo

☆ Expect more rate hikes from the Fed after the latest jobs report
▼ + stars: | 2023-07-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Job gains remain robust, wage growth is still going strong, and unemployment continues to hover near historic lows. That means the job market is still fueling demand in the economy, which the Fed has been trying to slow through rate hikes. Assessing the labor marketThe Fed wants to see the labor market slow down broadly, bringing it into “better balance,” as Powell has frequently described it. And there has been some progress on bringing the job market back into better balance while inflation has come down. “The focus is on the path of wage inflation because of its pass-through to services inflation,” said Sonia Meskin, head of US Macro at BNY Mellon IM.

Persons: Austan Goolsbee, “, ”, Lorie Logan, John Williams, Jerome Powell, Powell, Dave Gilbertson, Powell homed, Goolsbee, Gilbertson, Sonia Meskin, Joe Biden’s Organizations: DC CNN, Federal Reserve, Federal Reserve Bank of Chicago, Fed, Federal Reserve Bank, Dallas, Central Bank Research Association, ” Fed, New, ”, CNN, Labor, CNBC, BNY Mellon, Commerce Department Locations: Washington, New York, April’s

☆ Fact Check-Image of Joe Biden with three hands at podium is altered
▼ + stars: | 2023-06-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A third hand has been digitally added to an image of U.S. President Joe Biden standing at a podium. The screengrab was taken from the president’s address following Russia’s invasion of Ukraine in February 2022, where only two hands are visible. Alongside comments such as, “He is gone green screen im assuming,” the altered image shows Biden standing at a podium, with his two hands raised slightly above it, while a third hand can be seen pressed against the side of the podium. The circulating image also contains the text, “When you thought you’ve seen it all…” (here), (here) and (here). The original livestream shows the president slightly raising two hands above the podium.

Persons: Joe Biden, Biden, you’ve, Read Organizations: White, Reuters Locations: Ukraine

☆ Here’s where to invest $50,000 right now, according to the pros
▼ + stars: | 2023-06-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

So if you had $50,000 to invest, where should you put it and how much should you allocate to each asset class? He recommends the following: 35% to Invesco QQQ Trust Series 1 ETF; 25% to options trades; 15% to SPDR S & P 500 ETF; 15% to ProShares UltraPro Short QQQ ETF ; 5% to iShares Russell 2000 ETF ; and 5% cash. He added that he would look to cash in on artificial intelligence via the Invesco QQQ Trust Series 1 ETF. He broke down his 40% (or $20,000) stock allocation this way: $10,000 into U.S. stocks, $5,000 into Europe, and $5,000 into Asian emerging market stocks. Hedge against volatility Pannell, who would have a 15% hedge reserve for the ProShares UltraPro Short QQQ ETF, said investors need some downside coverage.

Persons: they're, Jay Hatfield, Ryan Pannell, ProShares, iShares Russell, Victor Kuoch, hasn't, Pannell, Wade Guenther, Treasurys Raymond Bridges, CNBC's Ganesh Rao Organizations: CNBC, Infrastructure Capital Advisors, Nvidia, Microsoft, Tech, —, Condors, Wilshire, Bridges Capital Locations: U.S . Federal, Asia, Pacific, Europe, U.S, Taiwan

☆ CEOs do matter when picking stocks. 5 things we look for in a leader and examples from our portfolio
▼ + stars: | 2023-06-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

It's not unusual for a company's stock price to soar — or sink — on news of a CEO shakeup. So, CEOs matter when picking stocks — and at the Club, these are the five things we look for when evaluating the leaders of our holdings. A stock's day-to-day and even month-to-month performance may not truly reflect how well a CEO is leading a company. Trust has value, and the stocks of companies led by reputable CEOs with competent management teams can trade at premium valuations. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Mary Dillon, Locker, J im Cramer, buybacks, Rainer Blair, —, Kevin Johnson, Marc Benioff, Mark Zuckerberg, Zuckerberg, we've, Bruce Broussard, Humana, Jeff Smith's, Craig Jelinek, who's, that's, Jelinek, it'd, Andy Jassy, Tim Cook, he's, Cook, Jim Cramer's, Dan Schulman, Sanjiv Lamba, Linde, Lamba, Eli Lilly, Dave Ricks, Eli Lilly's, Jim, Lilly, Jim Farley, Farley, Elon Musk's Tesla, Ford, LLY, Jim Cramer, Spencer Platt Organizations: Club, McKinsey & Co, Natural Resources, GE Life Sciences, SVB Securities, Starbucks, Humana, Bain & Co, Costco, CNBC, Apple, Amazon's, Football, MGM, Management, PayPal, Linde, LIN, Ford Motor, Wall, EV, Ford, The New York Stock Exchange, Financial, Getty Locations: U.S, Manhattan, New York City

☆ ‘I’m a Virgo’ Star Walton Goggins Grew Up Among a Family of Storytellers
▼ + stars: | 2023-06-20 | by ( Marc Myers | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/im-a-virgo-star-walton-goggins-grew-up-among-a-family-of-storytellers-64d9095d

Persons: Dow Jones Locations: goggins

☆ Romanian prosecutors send Andrew Tate to trial for human trafficking
▼ + stars: | 2023-06-20 | by ( Luiza Ilie | Thomson Reuters | Bucharest-Based General News Reporter Covering A Wide Range Of Romanian Topics Elections | ) www.reuters.com time to read: +3 min

[1/2] Andrew Tate and Tristan Tate are escorted by police officers outside the headquarters of the Directorate for Investigating Organized Crime and Terrorism in Bucharest (DIICOT) after being detained for 24 hours, in Bucharest, Romania, December 29, 2022. Inquam Photos/Octav Ganea via REUTERS/File... Read moreBUCHAREST, June 20 (Reuters) - Romanian prosecutors sent social media influencer Andrew Tate, his brother Tristan and two other suspects to trial on Tuesday on charges of human trafficking, rape and forming a criminal gang to sexually exploit women. The brothers, former kickboxers who have U.S. and British nationality, are the highest profile suspects to be sent to trial for human trafficking in Romania. "Im sure this case has absolutely nothing to do with stealing my wealth," Andrew Tate said on his Twitter account. Prosecutors have said the Tate brothers recruited their victims by seducing them and falsely claiming to want a relationship or marriage.

Persons: Andrew Tate, Tristan Tate, Ganea, Read, Tristan, Tate, Prosecutors, cryptocurrency, Luiza Ilie, Jason Hovet, Alexandra Hudson, Angus MacSwan Organizations: Terrorism, REUTERS, Prosecutors, U.S . State Department, Thomson Locations: Bucharest, Romania, BUCHAREST

☆ Spieth, Thomas headline notable players to miss U.S. Open cut
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] Jun 16, 2023; Los Angeles, California, USA; Jordan Spieth on the 7th green during the second round of the U.S. Open golf tournament at Los Angeles Country Club. Mandatory Credit: Kiyoshi Mio-USA TODAY SportsLOS ANGELES, June 16 (Reuters) - Jordan Spieth, Justin Thomas and Max Homa will miss out on a chance at major glory this weekend as they all failed to take advantage of unusually low U.S. Open scoring conditions and missed the halfway cut on Friday. The other top-20 golfers to miss the cut were Kurt Kitayama and South Korea's Im Sung-jae. Among the other notables to miss the cut are Masters joint runner-up Phil Mickelson (74), Jason Day (76), Adam Scott (72) and former U.S. Open champions Martin Kaymer (73) and Justin Rose (68). Reporting by Frank Pingue in Toronto; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Jordan Spieth, Kiyoshi Mio, Justin Thomas, Max Homa, Thomas, Homa, Kurt Kitayama, Phil Mickelson, Jason Day, Adam Scott, Martin Kaymer, Justin Rose, Nick Taylor, England's Tommy Fleetwood, Taylor, Frank Pingue, William Mallard Organizations: U.S, Los Angeles Country Club, LOS ANGELES, U.S ., Canadian, Thomson Locations: Los Angeles , California, USA, Thursday's, Toronto

☆ The oldest, most complete Hebrew Bible that went missing for 600 years sells for a record $38 million
▼ + stars: | 2023-05-21 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

An ancient Hebrew Bible has just sold at Sotheby's auction house in New York for $38 million. The ancient text, written in around 900 AD, is the most complete early copy of the Hebrew Bible. Hence, the auction house says the nearly 800-page Codex Sassoon is "definitively the most significant early biblical manuscript in private hands." It includes 24 books of the Hebrew Bible, divided into the Torah, or "Pentateuch," the Nevi'im, or "prophets," and the Ketuvim, or "writings." The Hebrew Bible is the basis for what Christians call the Old Testament.

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Law enforcement authorities searched Garrison's home in Wisconsin on Feb. 23, and recovered his computer and cellphone, according to the complaint. The messages included ones where Garrison wrote, "fraud is fun . CNBC also found the same images on a website that purportedly sells compromised accounts on DraftKings and Fanduel, among others. Garrison is charged with conspiracy to commit computer intrusions, unauthorized access to a protected computer to further intended fraud, unauthorized access to a protected computer, wire fraud conspiracy, wire fraud and aggravated identity theft.

☆ ‘Don’t freak out’: Notes from defense table during the Proud Boys seditious conspiracy trial
▼ + stars: | 2023-05-09 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +7 min

A note from the defense table during the Proud Boys seditious conspiracy trial. A note from the defense table during the Proud Boys seditious conspiracy trial. In one note, however, someone at the defense table took issue with prosecutors’ characterization of the Proud Boys marches. A note from the defense table during the Proud Boys seditious conspiracy trial. It’s unclear what the doodle refers to, though the Proud Boys have adopted the rooster as a symbol.

☆ Retiring soon? Here's how to invest in a choppy market, according to the pros
▼ + stars: | 2023-05-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

So how should one invest, bearing in mind a shorter investing horizon for retirees and their need to have some savings? Go for short-term bonds Short-duration Treasurys still offer attractive yields, according to Austin Graff, chief investment officer at Opal Invest. Investors flocked to short-term Treasurys late last year amid higher rates, and yields jumped. "The idea of allocation a third of the investors' portfolio in equity is to benefit from higher capital growth." These types of investments can also provide those same benefits throughout the long-term retirement time horizon," she said.

☆ Grimes says she'll split the royalties on any 'successful' AI-generated song that uses her voice
▼ + stars: | 2023-04-24 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

Grimes, the electronic music producer and singer, took a stance on generative AI in music. "I'll split 50% royalties on any successful AI generated song that uses my voice," she tweeted. This 50/50 split is apparently the same deal she would ink with any other artist collaboration — robot or not. Boucher went on to essentially invite the use of her voice for AI-based musical projects, saying, "Feel free to use my voice without penalty. A business associate of Grimes didn't immediately return a request for comment; 4AD also didn't immediately comment.

☆ Watch CNBC's full interview with BNY Mellon IM's Sonia Meskin
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with BNY Mellon IM's Sonia MeskinSonia Meskin, head of U.S. macro at BNY Mellon Investment Management, joins 'Squawk on the Street' to discuss the Federal Reserve's next meeting, Friday morning's PMI data, and more.

☆ Artificial intelligence will make Big Tech even bigger. Something needs to be done about the power imbalance, researchers warn
▼ + stars: | 2023-04-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

She asked if the company was selling unregistered securities (which is typically illegal, by the way — here's what it means). Big Tech + AI = even bigger tech. So Big Tech companies are best-positioned to gain even more power as artificial intelligence technology — like ChatGPT — gets further developed. Something needs to be done about this power imbalance, researchers warn. My teammate Emilia David breaks down the AI power imbalance and highlights some proposed solutions in her latest story.

☆ Scheffler gets late Masters tee time, LIV Golf players separated
▼ + stars: | 2023-04-04 | by ( Frank Pingue | ) www.reuters.com time to read: +2 min

World number one Scheffler, bidding to become the fourth player to repeat as Masters champion, will go out in the third-last group at 1:36 p.m. Australian Smith, one of 18 players from the Saudi-backed LIV Golf circuit in the field at Augusta National, will set off at 10:54 a.m. ET in the company of 2021 Masters winner Matsuyama on Japan and South Korea's Im Sung-jae. Among other notable LIV Golf players at the year's first major, three-times Masters champion Phil Mickelson will play alongside fellow American Tom Hoge and South Korea's Kim Si-woo. Dustin Johnson, who won the 2020 Masters before making the move to LIV Golf last year, will tee off with Canada's Corey Conners and England's Justin Rose.

☆ Asian Americans are anxious about hate crimes. TikTok ban rhetoric isn’t helping
▼ + stars: | 2023-03-26 | by ( Brian Fung | ) edition.cnn.com time to read: +15 min

And the Chinese government’s authoritarian approach to numerous other issues clashes with important American values, said many Asian Americans interviewed for this article. Concerns about China have gone mainstream as US national security officials and lawmakers have publicly grappled with state-backed ransomware attacks and other hacking attempts. People rallied during a "Stop Asian Hate" march to protest against anti-Asian hate crimes on Foley Square in New York, on April 4, 2021. But to Chu, the incident was an example of the way politics surrounding China, technology and national security have fueled anti-Asian sentiment. “Asian American issues are American issues, and all Americans deserve to be treated with respect.

☆ General Motors' China business is hurting, and it's not just because of Covid
▼ + stars: | 2023-03-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

He purchased his Nio over models from rival Chinese automakers Xpeng , Li Auto and IM Motors. GM's operations in the country are much larger than those of its crosstown rival Ford Motor, for example. Equity income from GM's Chinese operations and joint ventures has fallen 67% since its peak of more than $2 billion in 2014 and 2015. And the rising quality of domestic-made electric vehicles helped support — and tap — growing nationalistic pride among China's consumers. In February, Ford named Sam Wu, a former Whirlpool executive who joined the automaker in October, as president and chief executive of its China operations, starting March 1.

☆ Are they for real? South Korean girl band offers glimpse into metaverse
▼ + stars: | 2023-03-14 | by ( Hyunsu Yim | ) www.reuters.com time to read: +5 min

[1/3] Footages of virtual girl group MAVE is played at the control room of MBC in Seoul, South Korea, February 28, 2023. Apart from backing MAVE:, Kakao launched a 1.25 trillion won ($960 million) tender offer last week to buy South Korean K-pop pioneer SM Entertainment (041510.KQ). SM is home to popular K-pop groups such as Girls' Generation, H.O.T., EXO, Red Velvet, Super Junior, SHINee, NCT Dream and Aespa. MAVE: is an "ongoing" project to explore new business opportunities and find ways to work around technological challenges, said Chu Ji-yeon, who heads Metaverse Entertainment. But South Korean technology has made much progress since then in creating virtual characters.

☆ Michigan man arrested after alleged threats against governor, Biden
▼ + stars: | 2023-03-11 | by ( Kanishka Singh | ) www.reuters.com time to read: +1 min

March 10 (Reuters) - A Michigan man was arrested and charged with illegal ownership of firearms after he made death threats against Michigan Governor Gretchen Whitmer and President Joe Biden, the U.S. Justice Department said on Friday. Federal agents, after receiving an online tip this week from YouTube owner Google (GOOGL.O), uncovered threats posted on YouTube, which also included threats to members of the LGBTQ community and FBI agents, according to a criminal complaint filed in U.S. District Court for the Eastern District of Michigan. Berka, 30, illegally possessed four firearms, three long guns and a pistol, the Justice Department said. The Justice Department said that among statements Berka posted were: "im going to kill these democrats biden deserves to die" and "im gonna kill lgbt freaks." At his initial court appearance on Friday, a federal judge ordered Berka to be detained pending another hearing on March 15, CNN reported.

☆ NBA roundup: Damian Lillard erupts for 71 in Blazers' win
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +7 min

Jerami Grant added 13 points and Nassir Little scored 11 for Portland, which connected on 54.5 percent of its field goal attempts and was 20 of 39 from 3-point range. Doncic scored 26 points with nine rebounds, while Irving had 21 points and 11 assists. Ayton also grabbed a team-high 11 rebounds and blocked three shots. Nikola Vucevic added 16 points and 13 rebounds for his 39th double-double of the season, third most in the NBA. Jakob Poeltl added 13 points and nine rebounds for the Raptors, who were coming off a win over the host Detroit Pistons on Saturday.

The Detroit News reported one confirmed fatality on campus, inside Berkey Hall, citing Michigan State University (MSU) spokesperson Emily Guerrant, but Reuters could not independently verify that information. "There are multiple reported injuries," MSU said on its official police and public safety Twitter feed. Several campus building had been cleared and secured nearly two hours after the gunfire was first reported on campus, MSU police said. MSU is a major public institution of higher education whose flagship East Lansing campus accounts for 50,000 graduate and undergraduate students. Governor Gretchen Whitmer said on Twitter that she was being briefed on the East Lansing shooting.

☆ South Korean police seek manslaughter charges over deadly Halloween crush
▼ + stars: | 2023-01-13 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

SEOUL, South Korea — Police in South Korea are seeking charges of involuntary manslaughter and negligence against 23 officials, including law enforcement officers, for a lack of safety measures they said were responsible for a crowd surge last year that killed nearly 160 people. Despite anticipating a Halloween weekend crowd of more than 100,000, Seoul police had assigned 137 officers to the capital’s nightlife district Itaewon on the day of the crush. Those officers were focused on monitoring narcotics use and violent crimes, which experts say left few resources for pedestrian safety. Son Je-han, who headed the National Police Agency’s special investigation into the incident, said Friday his team will now send the case to prosecutors. However, Son said the special investigation team will close its investigations of the Interior and Safety Ministry, the National Police Agency, and the Seoul Metropolitan Government, saying it was difficult to establish their direct responsibility.

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