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☆ Axel Springer to Restructure German Business in Shift to U.S. Focus
▼ + stars: | 2023-02-28 | by ( Bojan Pancevski | ) www.wsj.com time to read: 1 min

German-based Axel Springer is one of Europe’s biggest media houses. BERLIN—The German owner of Politico and other U.S. outlets announced Tuesday an important restructuring of its domestic operation as part of a strategy to shift its focus to the U.S. and become a globally leading digital-only publisher. Axel Springer SE, one of Europe’s biggest media houses and the only one with a major U.S. presence, will slim down its corporate structure. It aims to boost earnings in its German media business by around 100 million euros, equivalent to $106.1 million, over the next three years, with a mid-term aim to shut down its print editions, the company said.

☆ Axel Springer to Restructure Its German Business as It Shifts Focus to U.S.
▼ + stars: | 2023-02-28 | by ( Bojan Pancevski | ) www.wsj.com time to read: 1 min

German-based Axel Springer is one of Europe’s biggest media houses. BERLIN—The German owner of Politico and other U.S. outlets announced a restructuring of its domestic operation, floated potential disposals and unveiled plans for a new headquarters in New York City as it shifts its focus to the U.S.Axel Springer SE, one of Europe’s largest news organizations and the only one with a major U.S. presence, said it would slim down its corporate structure in Germany and phase out the print editions of its publications as it seeks to become a leading digital-only publisher.

The dollar index , which measures the currency against a basket of peers, was flat at 104.64, but was still set for a February gain of 2.6%, its first monthly increase since September. The next move in the dollar is really a function of how the February data starts to play out in March," Atrill said. U.S. Treasury yields have also moved higher with the inflation sensitive two-year yield back at three-and- a-half-month highs. [US/}The dollar on Tuesday gained particularly against the Japanese yen , climbing 0.44% to 136.84, its highest in over two months. ,Elsewhere, sterling built on its gains from the previous session against the dollar, rising 0.2% to $1.2082.

☆ Sterling holds gains after rising on UK trade deal with EU
▼ + stars: | 2023-02-28 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

SINGAPORE, Feb 28 (Reuters) - The pound held steady on Tuesday, retaining gains overnight after Britain struck a new trade deal with the European Union, which brightened the outlook for the post-Brexit UK economy and signalled improved relations between London and the bloc. The dollar was mostly flat in early trade but was on track to end higher for the month, ending a four-month losing streak. The euro similarly got a lift and was last 0.05% higher at $1.0614, after rising 0.6% on Monday. The British parliament will now vote on the deal, with the opposition Labour Party saying it will vote in favour. "The real thing is, is this a springboard for a stronger, much improved removal of trade frictions more generally, between the UK and the EU?"

☆ I started selling shoes on Goat to fund my sneaker addiction. Here's why I prefer it to Poshmark despite the high fees.
▼ + stars: | 2023-02-28 | by ( Danni Santana | ) www.businessinsider.com time to read: +8 min

I started reselling used sneakers in the summer of 2022 to more easily afford my sneaker addiction. In other words, I started monetizing my used sneaker collection for extra cash to buy new shoes. But I'm keeping my options open, especially if StockX begins to allow the sale of used shoes. I'll certainly take advantage of their periodic promotions on seller fees that I've seen be up to 50% off in the past. The platform offers an easy way to sell shoes quickly that you barely wear or have buyer's remorse over.

☆ Soon you'll be able to return Target purchases without getting out of your car
▼ + stars: | 2023-02-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Target is rolling out a new drive-up returns service this spring, reaching nearly 2,000 stores this summer. The new feature uses the same mobile app that powers the company's popular curbside pickup option. E-commerce delivery and curbside pickup options have made it almost dangerously easy to buy stuff without having to go too far out of your way. Plus, the introduction of curbside pickup has only led to more visits to stores, not fewer, and the company sees this as extending that trend. The move also drives more engagement with the Circle membership program and the Target app, both of which are critical to the company getting more useful insights about individual preferences and shopping behavior.

☆ Evercore ISI downgrades FuboTV as subscriber growth slows, competitive pressures linger
▼ + stars: | 2023-02-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Mounting competitive pressures and a difficult economic outlook should pressure shares of FuboTV in the near term, according to Evercore ISI. Analyst Shweta Khajuria downgraded the sport-focused TV streaming company to in line from outperform, saying that its 2025 outlook for advertising average revenue per user and subscriptions appears "modestly aggressive" given the recent deceleration in subscriber growth. The guidance implies just 23% year-over-year revenue growth and 3% subscriber growth this year at the midpoint. That's down from 42% year-over-year subscriber growth in 2022 and 140% growth in 2021. FUBO YTD mountain FuboTV shares so far this year — CNBC's Michael Bloom contributed reporting

Travel insurance weekly rates at a glance:Average premium: $336.52Average trip cost: $6,758.36Average trip length: 15 daysWhat is travel insurance? See Insider's picks for the best travel insurance »Some credit cards offer a limited amount of travel insurance annually. Policy type Average days between purchase to trip Average trip length (days) Average trip cost Average cost of travel insurance Cancellation 53 13 $6,758.36 $403.47 Non-cancellation 16 19 N/A $91.33Source: SquareMouthWhen is the best time to travel? When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Travel Insurance Rates FAQsHow much does travel insurance cost?

☆ Applied Materials unveils new chip tool to lower cost in lithography process
▼ + stars: | 2023-02-28 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

OAKLAND, Calif., Feb 28 (Reuters) - Silicon Valley-based Applied Materials Inc (AMAT.O), among the most important makers of tools for chip manufacturing, said on Tuesday it has started selling a new tool that can lower the cost of a process involving lithography. Lithography uses light to print a pattern on the wafer, the shiny round discs used for chip making. This is especially true with the latest lithography tool by Dutch tool maker ASML (ASML.AS), called EUV, which stands for extreme ultraviolet, the wavelength of light used. Applied Materials' new tool, called Centura Sculpta, is used to shine a light only once for the first pattern and sculpt the final pattern from that. Applied Materials in a statement quoted chip maker Intel Corp (INTC.O) as saying that it collaborated closely in the "optimization of Sculpta" and would be using the technology.

Here's an update on technology-related holdings in Jim Cramer's Charitable Trust, the portfolio we use at the CNBC Investing Club. Jim ran through the 35 stocks during the Club's inaugural Annual Meeting, an in-person event Saturday in New York City. Big picture, we think AMD shares will continue to increase in value as its leadership over Intel is further cemented. But sentiment is improving, with AMD shares climbing around 21% 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.

See Insider's picks for the best private student loans >>What is student loan interest? See Insider's picks for the best tax software >>"Student loan interest is tax deductible," says Leslie Tayne, a financial attorney who specializes in student loan debt. Insider's Featured Student Loan Refinance Companies SoFi Student Loan RefinancingSplash Financial Student Loan RefinancingEarnest Student Loan Refinancing Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. APR Variable: 5.09% - 8.99%, Fixed: 4.49% - 8.99% Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Variable: 3.99% - 9.24% with AutoPay, Fixed: 4.39% - 9.24% with AutoPay Editor's Rating 3.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Actual rate and available repayment terms will vary based on your income. See Insider's picks for the best student loans without a cosigner >>Will my student loan interest rate change?

☆ No One Wants a Printer, but Everyone Wants to Print
▼ + stars: | 2023-02-27 | by ( Rachel Feintzeig | ) www.wsj.com time to read: 1 min

The apartment building had a 24-hour gym, a swimming pool flanked by grills and something called the Sky Lounge on the 12th floor, with an expansive view of downtown Minneapolis. But the amenity that Olga Lobasenko and her husband couldn’t get out of their minds as they sized up potential apartments last year was situated in the lobby, illuminated by the glow of a fireplace. People sometimes gathered around it.

Those costs are leading more and more pet parents to purchase pet insurance, something Evans sees as a no-brainer. Unlike human medical insurance, which pays the providers directly, even the best pet insurance plans provide reimbursements. Here's how to file a pet insurance claim in six steps. Know your pet insurance plan inside and outBefore you can file a claim, you need to know what your pet insurance does and doesn't cover. While filing a pet insurance claim might seem like a hassle initially, it's well worth the effort.

Below, you'll find our top picks for the best banks for avoiding ATM fees. The best banks for avoiding bank ATM fees have free regional or national ATM networks, so you won't be charged for using an ATM. The Best Banks for Avoiding ATM FeesLendingClub Bank: Best online bank for avoiding domestic ATM feesConnexus Credit Union: Best credit union for avoiding domestic ATM feesChase: Best national bank for avoiding domestic ATM feesCharles Schwab: Best institution for avoiding international ATM feesTD Bank: Best regional bank for avoiding domestic ATM feesBetterment: Best online banking platform for avoiding domestic ATM feesWe've included brick-and-mortar banks, online banks, credit unions, and online banking platforms, so you can choose from a variety of options. Unlimited refunds on out-of-network ATM fees Check mark icon A check mark. You could also refer to the schedules of fees document to review ATM fees and ATM withdrawal limits."

☆ Warren Buffett calls stock buyback critics 'economic illiterate' in Berkshire Hathaway annual letter
▼ + stars: | 2023-02-25 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Warren Buffett defended stock buybacks in Berkshire Hathaway 's annual letter, pushing back on those railing against the practice he believes beneficial to all shareholders. The conglomerate spent a record $27 billion in buybacks in 2021 as Buffett found few opportunities externally. Buffett believes buybacks are beneficial to shareholders as they provide a lift to per-share intrinsic value. "American tailwind"Buffett's widely read shareholder letter is released with Berkshire's annual report and usually sets the tone before the conglomerate's big annual meeting in May in Omaha, Nebraska, nicknamed "Woodstock for Capitalists."

☆ I bought a house at age 23. Here's what the process was like and my tips for other young first-time homebuyers.
▼ + stars: | 2023-02-24 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +7 min

Stephon Solomon bought his first home at 23 and has advice for first-time homebuyers. He put only $12,500 down to buy the house and did his own research to find the right mortgage. I couldn't really talk to them about the process; they didn't really know anything about it. After I had a good idea of what was out there and where and how to look, I looked into different mortgage loan programs that were offered and read the fine print. But because I had familiarized myself with the different loans and their requirements, I knew exactly what to tell them or knew what they were saying wasn't really true.

☆ People magazine offered voluntary resignation packages alongside January layoffs, and now insiders say rumors are swirling of more staff cuts ahead
▼ + stars: | 2023-02-24 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

The resignations, in exchange for severance packages, were offered the same day Dotdash Meredith laid off 7% of staff. In January, Dotdash Meredith cut 7% of its headcount during a difficult squeeze for the media industry, as ad spending has tumbled amid an uncertain economy. Dan Wakeford, a 7-year veteran of the publication who had served as editor-in-chief since 2019, departed last year after the formation of Dotdash Meredith under IAC. Severance pay will be paid in installments on the regular biweekly payroll schedule. KandisDo you work at People magazine or Dotdash Meredith and have insight to share?

☆ Roald Dahl publisher to release original versions after backlash
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 24 (Reuters) - Roald Dahl's famous children's books including "Charlie and the Chocolate Factory" and "Matilda" will be published uncensored later this year said publisher Puffin, bowing to pressure after a public outcry over modernised versions. Puffin, which is part of United States-based publisher Penguin Random House, said on Friday that it would release 17 of Dahl's titles under its Penguin logo later this year, with his original text unchanged. "By making both Puffin and Penguin versions available, we are offering readers the choice to decide how they experience Roald Dahl's magical, marvellous stories," Penguin Random House Children's managing director Francesca Dow said in a statement. Dahl's stinging and quirky descriptions of the adult antagonists, like Miss Trunchbull in "Matilda", have delighted young readers for decades. Puffin publishes Dahl's works, including "James and the Giant Peach" and "The Witches" in partnership with the Roald Dahl Story Company.

☆ Bearish bets on Asian FX return on renewed woes over Fed rate hikes - Reuters poll
▼ + stars: | 2023-02-23 | by ( Tejaswi Marthi | ) www.reuters.com time to read: +3 min

[1/4] A Singapore dollar note is seen in this illustration photo May 31, 2017. However, recent comments from the Fed about hiking rates for longer dampened sentiment. They turned bearish on the Thai baht , Asia's best-performing currency this year, the Singapore dollar and the Malaysian ringgit for the first time in three months. The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3. The survey findings are provided below (positions in U.S. dollar versus each currency):Reporting by Tejaswi Marthi in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ ChatGPT will keep 'hallucinating' wrong answers for years to come and won't take off until its on your cellphone, Morgan Stanley says
▼ + stars: | 2023-02-23 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

ChatGPT will keep giving occasional wrong answers for a couple of years, according to Morgan Stanley. The AI bot sometimes "hallucinates," meaning it generates responses that are seemingly convincing, but are actually wrong, according to the bank. "Accuracy will continue to be a challenge for the next couple of years," Morgan Stanley's Kim said about ChatGPT. At the same time, tools like ChatGPT could significantly improve via edge computing, according to the bank. Edge computing is a model in which processing power is placed closer to where the data is being created in the physical world.

☆ Analysts praise Nvidia's results, call A.I. opportunities the next big growth vector for the chipmaker
▼ + stars: | 2023-02-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Strong overall results from Nvidia and more artificial intelligence developments outweigh the chip stock's gaming center miss in its recent quarterly print, analysts say. The chipmaker on Wednesday posted better-than-expected quarterly results , driven by growth in its data center business that includes AI chips. CEO Jensen Huang added during a call with analysts that AI is at an "inflection point," leading businesses to purchase its chips for machine learning software. And, while the company's gaming business is unlikely to rebound to its pandemic heights, it looks "largely derisked" going forward, wrote Morgan Stanley's Joseph Moore. He added that this segment could become a steady 10% growth business for the chip maker.

☆ 8 reasons why you need an EIN for your business and how to apply for one
▼ + stars: | 2023-02-22 | by ( Lee Huffman | Elizabeth Gravier | ) www.cnbc.com time to read: +11 min

Below, CNBC Select explains how to apply for an EIN for your business and eight reasons why you need one. An Employer Identification Number (EIN) is a federal identification number for your business. These are a few of the most common reasons why you need to apply for an EIN. You cannot open a business bank account for most forms of business without an EIN.. You cannot open a business bank account for most forms of business without an EIN. Best small business resourcesOnce you have your EIN, it will be easier to separate personal and business expenses and take advantage of various small business resources, such as business credit cards, business checking accounts, business savings accounts, business loans and business expense trackers.

☆ Nvidia pops after strong quarter, guidance — showing why the stock still has long-term promise
▼ + stars: | 2023-02-22 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Nvidia (NVDA) reported better-than-expected fiscal 2023 fourth-quarter results after the closing bell Wednesday and a strong current-quarter forecast. As of Wednesday's close, Nvidia has been one of our best performers in 2023, up 42% this year. Essentially, this service provides customers the ability to access an Nvidia DGX super-computer with nothing more than their browsers and allows them to access Nvidia AI Enterprise for "training and deploying large language models or other AI workloads." Guidance Looking ahead to fiscal 2024 first quarter, management forecasted better-than-expected sales, adjusted gross margin and capital expenditures on a non-GAAP basis. Capital Allocation In its fiscal 2023 fourth quarter, Nvidia returned a total of $1.15 billion to shareholders via dividends and buybacks.

☆ This one chart shows why January's stock rally hit a wall in February
▼ + stars: | 2023-02-22 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

This year-to-date chart tracks how each new report led to a corresponding move in the S & P 500. Holding on to that crucial positive update, the market continued to grind higher into the December consumer price (CPI) index reading released on Jan. 12. The market rode the "disinflation" high for another day, with the S & P 500 hit a year-to-date high on the Feb. 2. 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.

☆ TikTok helped Colleen Hoover sell 14.3 million copies of her books in 2022, new data shows. Here are 3 other key takeaways about BookTok's impact on sales.
▼ + stars: | 2023-02-22 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

Book sales declined 5.8%, but BookTok authors registered a 66% growth in 2022. NPD's BookTok authors list includes over 100 writers "featured prominently on TikTok's BookTok channel." These two charts show how much BookTok has grown over the years, and which BookTok authors have increased their sales in 2022. The power of BookTok goes beyond fictionIt's not just fiction authors like Hoover and Jenkins Reid who find success on the platform. "I cannot overstate the power of what's happening on BookTok," McLean said.

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