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CompaniesCompanies Law Firms Conocophillips FollowApril 3 (Reuters) - A federal judge on Monday rejected a bid by environmentalists to temporarily suspend the U.S. government’s approval of ConocoPhillips' (COP.N) multibillion-dollar oil drilling project in Alaska’s Arctic. Gleason said an injunction was inappropriate because the groups wouldn't be irreparably harmed by the construction that ConocoPhillips has scheduled for this month, which includes building roads and a gravel mine. Bridget Psarianos, an attorney challenging the approval, called the planned construction schedule "aggressive" and said the judge's decision is "heartbreaking." The approvals for the project in northern Alaska give ConocoPhillips permission to construct three drill pads, 25.8 miles of gravel roads, an air strip and hundreds of miles of ice roads. The 30-year project would produce up to 180,000 barrels of oil per day at its peak, according to the company.

☆ Cuba's losses in case of Castro-era debt opens it up to more lawsuits
▼ + stars: | 2023-04-04 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +2 min

The judge ruled mostly in favor of CRF1, originally called the Cuba Recovery Fund. She said the High Court has jurisdiction, the debt was properly assigned to CRF, and that the former central bank is responsible. Yet she ruled that Cuba itself is not a guarantor of the debt, a win for the communist nation. "BNC was the Central Bank of Cuba and remains responsible for managing these unpaid Cuban debts," he said. Lawyers for CRF said the fund can now proceed to a trial to determine whether it can recover "the sovereign debt that in unequivocally owns.

☆ In times of crisis these stocks are a 'core holding,' analysts say
▼ + stars: | 2023-04-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

They include: Costco, Estee Lauder, Pacific Premier Bancorp, ON Holding and Phillips 66. Still, with Pacific Premier shares down 23% this year, Tenner said investors should take advantage of the buying opportunity. "Pacific Premier is, in our view, a long-term core holding for institutional investors," Tenner said. ... .We still view PSX as a long-term core holding in energy. PPBI is, in our view, a long-term core holding for institutional investors.

☆ Goldman Sachs isn't getting a new private jet, but are there better places to cut costs on Wall Street?
▼ + stars: | 2023-03-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

If there is a senior Goldman Sachs' executive in your life, please keep them in your thoughts and prayers. Insider's Dakin Campbell has the scoop on Goldman nixing plans to buy a third corporate aircraft under CEO David Solomon. So as the bank has looked to cut costs this year more broadly, the private jets, naturally, were a topic of discussion. I will say, I think corporate jets have been unfairly labeled as the poster child for excessive spending at the corporate level. Now, regional banks are looking to serve the firms looking for a new banking home, per The Wall Street Journal.

After nearly two decades of Western-led intervention and engagement with the world, 18% of the population had internet access, according to the World Bank. "For girls in Afghanistan, we have a bad, awful internet problem," Sofia said. "It's too hard to access internet in Afghanistan and sometimes we have half an hour of power in 24 hours." Seattle-based Ookla, which compiles global internet speeds, put Afghanistan's mobile internet as the slowest of 137 countries and its fixed internet as the second slowest of 180 countries. She was working with international companies to find solutions to poor internet access but said she could not elaborate.

☆ Rupert Murdoch, 92, is getting married for the 5th time. He says he's 'looking forward to spending the second half' of his life with his fiancée.
▼ + stars: | 2023-03-21 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Media mogul Rupert Murdoch is getting married for the fifth time, at the age of 92. The New York Post is one of the many publications that the Australian-born American billionaire owns. Murdoch married Hall in 2016. Murdoch told Adams that he was "very nervous" about falling in love again. Murdoch's media empire includes publications like The Wall Street Journal, Fox Corp, the New York Post, HarperCollins publishers, and more.

☆ Fact Check-Claim that Elon Musk banned Greta Thunberg from Twitter stems from satire
▼ + stars: | 2023-03-14 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Environmental campaigner Greta Thunberg has been active on Twitter as recently as March 14, and her account has not been suspended, Reuters checks show following claims online that Elon Musk banned her from the platform, which he owns. A tweet said: “This is one of amazing best things ever Elon Musk has done. On March 10, she tweeted a photo of a climate strike (here), and her account shows activity both before and after that date. An archived version of Thunberg’s Twitter account is available for every day in March, when the claim began circulating, and it does not show a suspended or banned account (here). Two articles about Elon Musk banning Greta Thunberg from Twitter are labeled as satire and there is no evidence Thunberg’s account has been suspended.

☆ Shares of this little-known global chip firm are set to rise by 50%, Barclays says
▼ + stars: | 2023-03-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of Alphawave Semi , a U.K.-based technology company that designs custom chips and semiconductors, are expected to rise by more than 50% over the next 12 months, according to Barclays. The investment bank's equity research team initiated coverage of Alphawave Semi with an "overweight" rating on Feb. 20 and expect the share price to rise to £1.60 ($1.92) per share. Alphawave Semi, formerly known as Alphawave IP, designs microchips for routers, fiber optic cables and other networking devices. One acquisition was OpenFive, which gave Alphawave the ability to create custom silicon products using intellectual property it already owns. The other was Banias Labs, which expanded Alphawave's patents and intellectual property.

☆ Morgan Stanley, BlackRock funds among those exposed to regional bank failures
▼ + stars: | 2023-03-13 | by ( David Randall | ) www.reuters.com time to read: +3 min

REUTERS/Lucas JacksonNEW YORK, March 13 (Reuters) - Mutual funds managed by Morgan Stanley (MS.N), Fidelity, and BlackRock (BLK.N) appear to be among the most exposed to the collapse of Silicon Valley Bank and Signature Bank, Morningstar data showed, as a market selloff has erased more than $100 billion of U.S. banks' value. Few funds held positions that alone appeared large enough to badly damage them, though further selloffs in regional bank shares could increase the pressure, said Todd Rosenbluth, head of research at data analysts firm VettaFi. Regulators closed Signature Bank on Sunday, marking the third-largest bank failure in U.S. history, after Silicon Valley Bank on Friday became the country's second-largest bank to collapse. The $3.9 million BlackRock Future Financial and Tech ETF , meanwhile, held 3% of its assets in Signature and 1.7% in Silicon Valley Bank as of the end of December. Prior to the fall of Silicon Valley Bank, financial shares had drawn some U.S. investors, who expected rising interest rates to lift bank margins.

☆ Egypt central bank seeks advisor for United Bank sale -sources
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +1 min

CAIRO, March 9 (Reuters) - Egypt's central bank has sent investment banks a request for proposals to pitch for an advisory role in the sale of United Bank of Egypt, which the central bank owns, two sources with knowledge of the matter said. The search for advisors comes after talks with Saudi Arabia's sovereign wealth fund to acquire United Bank failed after disagreement over its valuation. The government said it planned to sell stakes in 32 companies, but since then has placed stakes in other companies up for sale as well. The finance ministry said last month it was seeking to sell the 20% stake in AlexBank that it still owns. Analysts say a stake in the state-controlled House and Development Bank may also be up for sale.

☆ A 30-year-old property owner in Seattle is experimenting with short-term rentals and overcoming the 'Airbnbust' by setting up one-of-kind listings, including a 70s-themed 'Groovy Guest House'
▼ + stars: | 2023-03-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Real estate investor Peter Keane-Rivera recently got into short-term vacation rentals. After nearly five and a half years of doing long-term rentals, Seattle-based property owner Peter Keane-Rivera is experimenting with short-term vacation rentals via Airbnb. "He said, 'you'll pretty much double the rent on a long-term rental unit if you convert it to a short-term vacation rental,'" Keane-Rivera, who works full-time at a large aerospace manufacturer in the Seattle area, told Insider. While that may have been true when his mentor was listing Airbnbs, vacation rental bookings started slowing down in 2022 and hosts started worrying about what was coined 'Airbnbust.' After looking through listings of other Airbnbs in the Seattle area and evaluating his competition, Keane-Rivera settled on creating a 70s-themed space.

☆ Nestle, Tyson and other food giants bet on air fryer boom to grow sales
▼ + stars: | 2023-03-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

An Air Fryer for sale at Kroger Marketplace in Versailles, Kentucky, U.S., on Tuesday, Nov. 24, 2020. Adam Graves, president of Nestle U.S.'s pizza and snacking division, said the company is leaning into the air fryer boom through its frozen food brands, specifically to offer customers more value. Other Nestle products, like Hot Pockets, now include air fryer cooking instructions alongside directions for heating up in the microwave and oven. Tyson is also a third of the way through adding air fryer directions to its packaging for its frozen prepared foods. The air fryer directions are boosting Tyson's brand favorability, according to Hall, who cited recent brand health data.

☆ Alex Jones claims authorities want to take his expensive cat because he's bankrupt. He's leaving out the fact he gave his wife and parents $1.3 million last year.
▼ + stars: | 2023-02-24 | by ( Joshua Zitser | Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Bankrupt Alex Jones owes almost $1.5 billion in court-awarded damages to Sandy Hook families. His wife shared a video of him on Thursday complaining that authorities want to take his cat. Jones' wife, Erika Wulff Jones, posted a bizarre video on Twitter on Thursday of her husband complaining about the authorities' attitude towards the pet. "They were very serious about the cat and its value, and they may want the cat for the Sandy Hook families," he said. Jones' personal bankruptcy has so far protected him from paying out defamation judgments and creditor collection efforts, but he is required to list all the personal and household items he owns.

☆ Lloyds full-year profit flat as bad loan charge weighs
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 22 (Reuters) - Lloyds Banking Group (LLOY.L) reported flat annual profit for 2022 on Wednesday, as a jump in income driven by higher interest rates was offset by mounting bad loan provisions. Britain's biggest mortgage lender reported pretax profit of 6.9 billion pounds ($8.4 billion), unchanged on the prior year and in line with analyst forecasts compiled by the bank. The bank announced it would pay a 1.6 pence per share final dividend and a share buyback of up to 2 billion pounds, taking total shareholder returns for 2022 up to 3.6 billion pounds. Lloyds set aside 1.5 billion pounds over the year to cover potential defaults, compared to a 1.4 billion pound release of provisions in 2021 as the economy rebounded from COVID-19 lockdowns. Lloyds' revenue leapt 14% to 18 billion pounds and it raised its medium and long-term outlook for returns.

☆ Target bets on e-commerce by investing $100 million in hubs to speed up delivery
▼ + stars: | 2023-02-22 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

Target said Wednesday it will spend $100 million to build a larger network of supply chain hubs to speed up and lower the cost of delivering online orders. The retailer plans to have at least 15 of the facilities, dubbed sortation centers, by the end of January 2026. But, she added, the delivery hubs will help Target better meet customers' needs, whether they're shopping online, in stores or using curbside pickup. It has opened sortation centers across major markets in Minnesota, Texas, Colorado, Illinois, Georgia and Pennsylvania. In the coming year, she said Target expects to deliver 50 million packages through the sortation centers — up from 26 million packages in 2022.

☆ M.D. Sass is betting big on these out-of-favor stocks, expecting growth, recession or not
▼ + stars: | 2023-02-18 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +6 min

"Myself and the team really did a lot of introspection," Sass recalled, in an interview with CNBC. Sass Concentrated Value portfolio, which the younger Sass manages. By limiting the number of stocks, Sass said he can do extensive due diligence and research into each of the companies it owns. The goal is to find value in underappreciated companies that are in the midst of a transformation that will accelerate growth and ultimately lead to a boost in a stock's value. 'Digging under rocks' To place his bets, you won't see Sass looking strictly at a stock's price-to-earnings multiple.

☆ Commercial real estate's biggest investors are spending hundreds of millions of dollars on the grittiest land in America. Here's why.
▼ + stars: | 2023-02-09 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +11 min

Big commercial-real-estate players from Brookfield to Fortress are snapping up industrial land. Brookfield is one of several big-name investors that are paying increasing attention to lowly industrial land. Industrial land also generally has lower operating costs and taxes compared to other real estate. It's hard to find big enough portfolios of industrial landThere are challenges, too, in breaking into the business of owning industrial land. Atkins said he has been impressed by the robustness of the IOS market, even with fears about the broader economy.

☆ Here's what you need to know about a blockbuster court fight over Cuba's debt
▼ + stars: | 2023-01-20 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +6 min

The legal battle is over a portion of Cuba's unpaid commercial debt dating back to the 1980s. If they don't reach a deal, Cuba could then face yet another court fight over whether it finally has to pay. Because of the U.S. embargo against Cuba, American investors are prohibited from owning and trading Cuban debt, which frustrates some frontier-market hedge fund managers in the U.S. They argue that holding Cuban debt would better serve U.S. foreign policy interests because it would give Americans a seat at some future negotiating table. CRF, meanwhile, says in court filings that it first reached out to Cuba 10 years ago to settle the debt but were ignored.

☆ Russia’s Wagner Unit Claims Control of Town Near Bakhmut
▼ + stars: | 2023-01-19 | by ( Ian Lovett | ) www.wsj.com time to read: 1 min

KYIV—The leader of Wagner Group, the Russian paramilitary force, claimed that his soldiers had taken control of Klishchiivka, a town on the outskirts of the eastern Ukrainian city of Bakhmut. “We can safely say that the settlement of Klishchiivka, which is one of the important suburbs of Bakhmut, has been completely taken under the control of Wagner,” Yevgeny Prigozhin , the founder of Wagner, said in an audio message released by the catering company he also owns.

☆ What's next for Goldman following deep cuts and organization overhaul
▼ + stars: | 2023-01-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

On tap we've got stories on JPMorgan's Jamie Dimon fielding questions about the bank's acquisition strategy, another bank plans to make cuts, and fast food options that won't completely crush your diet. On Wednesday the bank conducted a majority of its cuts, reducing its global workforce by about 6.5%. A few days later, on Friday, the bank reported losses of more than $3 billion since 2020 in the unit that houses the bank's consumer lending business. Meanwhile, some of the recently axed Goldman employees have been left in the dark on what's next for them, according to reporting from Hayley and Emmalyse Brownstein. Here are some fast food options that won't completely wreck your diet.

☆ Google's cookie crumbles
▼ + stars: | 2023-01-16 | by ( Dave Smith | ) www.businessinsider.com time to read: +3 min

Google's cookie concept crumbles. Google's been testing a bunch of cookie-less proposals since 2020. Unfortunately, the web standards body W3C rejected Google's Topics API proposal, saying it maintains "the status quo of inappropriate surveillance on the web." In other news:A Tesla car dealership in Maplewood, Minnesota. The coolest electric cars hitting the streets this year.

☆ Walmart strikes a deal with Salesforce to sell more of its tech to other retailers
▼ + stars: | 2023-01-12 | by ( Melissa Repko | ) www.cnbc.com time to read: +5 min

Walmart Global Chief Technology Officer Suresh Kumar said the deal with Salesforce will help Walmart improve the experience for shoppers. For instance, as Walmart's GoLocal has more packages to deliver from more retailers, its drivers will have denser routes, he said. It began selling Store Assist, technology that its own store employees use, in the summer. In November, Walmart Chief Financial Officer John David Rainey said Walmart added more than 8,000 sellers to its third-party marketplace in the fiscal third quarter. Walmart will stand out in its app store as a technology by retailers and for retailers, he added.

☆ Jim Cramer says he likes these 5 Nasdaq stocks for 2023
▼ + stars: | 2023-01-05 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday gave investors a list of stocks that he believes could be worthwhile additions to investors' portfolios. "In an index that's been folded, spindled and mutilated, I am still feeling good about a few of these stocks," he said. I think it's a really, really excellent situation, especially if you're expecting a severe recession," he said. American Electric PowerCramer said that he likes the stock because the company is well-run, and utility stocks tend to perform well during economic slowdowns. Dollar TreeWhile he does like the stock compared to other retailers listed on the Nasdaq, Cramer said that he still prefers TJX CompaniesDisclaimer: Cramer's Charitable Trust owns shares of TJX Companies.

☆ Fed's George: It will be key to hold rates up once hikes end
▼ + stars: | 2023-01-05 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

In the interview, George said her colleagues should press forward with their ongoing efforts to shrink the size of the Fed's balance sheet. "I think it's very important that the Committee follow through on its plans to significantly reduce the balance sheet," George said. She noted that she still views the Fed using its balance sheet as a tool of monetary policy as experimental and full of the possibility of unintended effects on the economy. "I think we still have a lot to learn about what the consequences are of these balance sheet policies," George said. George said that she doesn't believe the size of the Fed's balance sheet has created major financial stability risks but said it's something that needs watching.

☆ The 10 biggest winners in the S&P 500 this year were led by an oil giant Warren Buffett owns. The top stocks saw a combined $357 billion increase in market value.
▼ + stars: | 2022-12-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Oil stocks dominated the S&P 500's top 10 winners this year as commodity prices spiked. These are the index's 10 best performing stocks in 2022, which added a combined $357 billion in market value. Buffett also owns a stake in Chevron, which was the 17th best S&P 500 performer in 2022 with a gain of about 50%. Combined, the top 10 performing S&P 500 stocks in 2022 added a total of $357 billion in market value. SchlumbergerThe exterior of a Schlumberger Corporation building is pictured in West Houston ReutersTicker: SLB2022 Return: 76.7%Market Value Gained: $33.5 billion5.

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