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☆ A senior strategist at UBS Global Wealth Management says that stock losses are just getting started. Here's when the pain will end and a recovery will begin — and 6 ways to protect your money in the m
▼ + stars: | 2023-01-07 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Nadia Lovell, a senior US equity strategist at UBS Global Wealth Management, is wary of stocks. Nadia Lovell of UBS Global Wealth Management has a knack for nailing stock market calls. In mid-August, the senior US equity strategist warned that the latest stock market rally couldn't be trusted. Markets are currently expecting 5% earnings growth in 2023, but should instead brace for an earnings recession, Lovell said. "And so we find it difficult to see that we get earnings growth this year.

☆ CIOs Contend With Pushback on AI Rollouts
▼ + stars: | 2023-01-06 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +6 min

Overall enterprise adoption of AI has grown threefold since 2019 as algorithms grow in scale and sophistication, according to International Data Corp. That left executives underwhelmed by the results and disillusioned, according to Todd Lohr, KPMG LLP’s U.S. technology consulting leader. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. In 2022, organizations spent on average 4% to 6% more on AI than the previous year, according to IDC. Other emerging technologies are more likely to be cut than AI, given its cost-savings potential, she noted.

☆ How Gerry Cardinale became the go-to dealmaker for the likes of the Yankees, AC Milan, and Ben Affleck
▼ + stars: | 2022-12-29 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +20 min

He bought the soccer club AC Milan in August, earning the attention of the Italian press. This past spring, AC Milan won its first national title in 11 years. Claudio Villa/AC Milan via Getty Images Show less Cardinale at a training session for AC Milan. For instance, the teams sell each other's merchandise in their stadiums, and the YES Network airs AC Milan games. "Now we have a new phase of expansion and internationalization of AC Milan with Gerry."

☆ Russia's military is easy to fool, but that makes dealing with Moscow even riskier, researchers say
▼ + stars: | 2022-12-22 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

That has led the Russian military into repeated battlefield failures and high combat losses. What makes Russian troops easy to deceive also makes it harder to influence Russian decision-making. Ukraine has fooled Russian forces on numerous occasions, tricking Russian troops into wasting ammo on dummy targets and masking its own counterattacks. Russian troops also often lack the "situational awareness for contextual judgment" that is needed to choose between competing battle plans. The Russian military, like its Soviet predecessor, also suffers from over-compartmentalization.

☆ Donald Trump's launch of $99 NFTs sparks 10% decline in Digital World SPAC linked to Truth Social
▼ + stars: | 2022-12-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Digital World Acquisition fell 10% on Thursday after Donald Trump launched a line of $99 NFTs. Those gains were erased on Thursday as SPAC investors digested Trump's NFT announcement. Shares of Digital World Acquisition initially spiked as much as 10% on Wednesday after Trump teased a "major announcement." Collect all of your favorite Trump Digital Trading Cards, very much like a baseball card, but hopefully much more exciting... Only $99 each! Instead, the SPAC secured enough votes to delay its merger deadline with Truth Social until September 2023.

☆ I'm a 6-figure virtual assistant. Here's how I found my first clients and monetized my skill set.
▼ + stars: | 2022-12-14 | by ( Sasha Weilbaker | ) www.businessinsider.com time to read: +7 min

Erin Booth is a virtual assistant who coaches others, sells courses, and runs a YouTube channel. Her advice for getting started as a virtual assistant is to reach out to past colleagues for work. She ended up being my first virtual assistant client, and she hired me to do a few easy personal tasks for her, like organizing her Google Drive. I asked myself "What kind of skills or training did I wish I had when I first started as a virtual assistant?" Are you a virtual assistant who wants to share your story?

☆ 'National Treasure: Edge of History' review: A Disney+ series adds a young-adult chapter to the movies
▼ + stars: | 2022-12-14 | by ( Brian Lowry | ) edition.cnn.com time to read: +2 min

CNN —Giving the “National Treasure” movies a young-adult spin, “National Treasure: Edge of History” transforms the franchise into a Disney+ series, one that offers the same playful approach to the past while weighing that down with tiresome relationship issues and a protagonist with her own Scooby gang. The opening episodes have their moments, but it’s less something to treasure than at best mildly enjoy. Nicolas Cage starred in the 2004 movie and its sequel, a sort of discount “Raiders of the Lost Ark.” The baton here passes to Lisette Olivera as Jess, a whip-smart Dreamer whose father, a protector of treasures, disappeared when she was a baby. As the recent “Willow” reminds us, Disney has aggressively mined its movie library for titles that might lend themselves to streaming-series treatment, and “National Treasure,” with its episodic aspect as Jess must locate and crack new clues, perhaps works on that level better than most. “National Treasure: Edge of History” premieres December 14 on Disney+.

☆ Disney’s board needs some magic
▼ + stars: | 2022-12-06 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Dec 6 (Reuters Breakingviews) - Bob Iger has a knack for head-faking his way out the door. Iger served as chief executive of the $175 billion media giant from 2005 until 2020. That stands in contrast to Netflix’s board, where more than half of the directors come from the entertainment sector including former Disney executive Anne Sweeney. Follow @jennifersaba on TwitterloadingCONTEXT NEWSWalt Disney on Nov. 20 said Bob Iger is returning as chief executive officer, effective immediately. Iger, 71, served as chief executive from 2005 until 2020.

“Spoiler Alert” opened in U.S. theaters Dec. 2. “Women Talking” opened in select U.S. theaters Dec. 2. “The Whale” opens in U.S. theaters Dec. 9. “Babylon” opens in U.S. theaters Dec. 23. “I Wanna Dance With Somebody” opens in U.S. theaters Dec. 23.

Bankman-Fried could face a host of potential charges – civil and criminal – as well as private lawsuits from millions of FTX creditors, legal experts told CNBC. There are three different, possibly simultaneous legal threats that Bankman-Fried faces in the United States alone, Levin told CNBC. He told CNBC, "prosecutors would have to prove beyond a reasonable doubt that Bankman-Fried or his associates committed criminal fraud." (Carter was not an FTX investor, and told CNBC that his fund passed on early FTX rounds.) "People should not jump to the conclusion that something is not happening just because it has not been publicly disclosed," Levin told CNBC.

☆ Tulsi Gabbard's one-time Democratic colleagues are both perplexed and unsurprised by her far-right pivot: 'An Elise Stefanik kind of turn'
▼ + stars: | 2022-12-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Former Democratic Rep. Tulsi Gabbard left the Democratic Party before campaign with far-right Republicans. "Nope," Sanders said when Insider asked if he'd like to talk about former Democratic Rep. Tulsi Gabbard, an early supporter of his 2016 presidential campaign. "I'm not surprised," said Democratic Rep. Hank Johnson of Georgia, another former Armed Services Committee colleague of Gabbard's. Hawaii's two Democratic senators — Mazie Hirono and Brian Schatz — both declined to speculate about what may be driving Gabbard's political movement, despite serving with her in the Hawaii delegation. "I think she's home," Hirono said repeatedly when asked what she thought had happened, referring to Gabbard's political home.

☆ Real estate investing 'created this life of freedom': Michigan couple brings in $11,000 a month for only 2 hours of work
▼ + stars: | 2022-11-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Those real estate ventures aren't their only income streams. But the real estate business is particularly important to them, both financially and symbolically, they say. Of their multiple income streams, the real estate investments give them the most bang for their buck. High costs, high rewardsAfter realizing they had a knack for flipping housing, the couple started venturing into real estate during the winters, when Michigan weddings were sparse. Jamie and Sarah spend an additional 40% of those earnings on services like trash collection, ground maintenance and pest control.

☆ 'I'm glad Elon is in the fight': Tech CEOs battling Apple's 30% App Store fee get unexpected ammo from Musk
▼ + stars: | 2022-11-29 | by ( Shona Ghosh | Kate Duffy | ) www.businessinsider.com time to read: +5 min

Elon Musk has fueled a prolonged fight between Apple and app developers over App Store fees. One CEO who predicted trouble when Musk bought Twitter said the billionaire would draw attention to a niche issue. The latter has delighted developers and tech CEOs who rely on the App Store for its huge reach. In a separate tweet, Sweeney noted that Apple had blocked "Fortnite" from the App Store. The streaming app remains available through the App Store.

Garcia tells Insider, "I was inputting some numbers into a retirement calculator, and it let me put in my age. Pros Check mark icon A check mark. Low annual fee for investment accounts; crypto trust investments available Check mark icon A check mark. Tax-loss harvesting Check mark icon A check mark. Mobile app and investing and retirement tools Check mark icon A check mark.

☆ Analysis: Amidst the circus, Ronaldo proves ringmaster yet again
▼ + stars: | 2022-11-24 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

There had been talk that circus surrounding the five-time Ballon d'Or winner was distracting Fernando Santos's squad. Portugal's fans behind the goal sang his name and gave him another huge ovation when he was substituted in the 88th minute. It is easy to talk about Ronaldo in terms of statistics alone, with so many milestones chalked up. Ronaldo was locked in from the start, working tirelessly to find spaces in and around the massed Ghanaian defence. Importantly for Portugal's chances of going deep in Qatar, it was not just the Ronaldo show as his team mates, especially in the second half, took more responsibility.

☆ Analysis: The final season of ‘Dead to Me’ is a poignant eulogy
▼ + stars: | 2022-11-19 | by ( Lisa Respers France | ) edition.cnn.com time to read: +6 min

Believe it or not, one of the things that has been helping me lately is just carving out some chill time. Three things to watch‘Dead to Me’ Season 3Christina Applegate as Jen Harding in a scene from "Dead to Me" on Netflix. Saeed Adyani/NetflixThe new season of “Dead to Me,” starring Christina Applegate and Linda Cardellini, will be the dark comedy series’ last. I am especially invested in this last season given Applegate’s revelation that she has multiple sclerosis. ‘The Santa Clauses’Tim Allen (second from right) in a scene from "The Santa Clauses" on Disney+.

☆ The UBS stock chief who called the latest stock market correction shares how to protect your portfolio heading into what he fears will be an ugly 2023
▼ + stars: | 2022-11-14 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

In mid-May, Lefkowitz noted that stocks looked oversold and predicted that inflation would fall as wages and supply-chains eased. Sure enough, the S&P 500 entered a steep correction for the exact reasons Lefkowitz outlined. Their latest S&P 500 target for June 2023 is 3,700, which was marked down from both their previous mid-year 2023 target of 4,200, and remains well below their year-end 2023 target of 4,000. For context, the S&P 500 is currently sitting at about 3,960 but fell as low as 3,715 earlier this week. "Since World War II, we've never seen only a modest rise in the unemployment rate," Lefkowitz said.

☆ Premarket stocks: Wall Street picks hope over reality after inflation report
▼ + stars: | 2022-11-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN Business —Stocks surged on Thursday in their best day since 2020 after a key inflation indicator came in softer than expected. Investors broke out their party hats as they interpreted the report to mean that peak inflation may finally be behind us. Crypto-advocates were hoping that rising interest and inflation rates would drive investors away from the dollar and into alternative assets like gold and Bitcoin. Then, central banks started raising rates to fight inflation, and the dollar strengthened significantly, seducing investors as the ultimate safe haven. Mortgage rates have risen throughout most of 2022, spurred by the Federal Reserve’s regime of interest rate hikes.

In the House, Republicans have 212 members and need to add six to guarantee a majority. Here’s a guide to some of the competitive races in which polls close early, which election forecasters say will carry a larger significance in reading the direction of the political environment. Virginia's three crystal ballsThe fates of three House Democrats first elected in the 2018 blue wave will tell a bigger story when Virginia’s polls close at 7 p.m. And in Florida, where polls close at at 7 p.m. Red wave sirensNew Hampshire is one of the earliest competitive Senate contests where polls close at 8 p.m.

☆ This 22-year-old survives Lebanon with a bitcoin mining business that's been earning $20,000 a month
▼ + stars: | 2022-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +18 min

Against this backdrop, Abu Daher jumped into the crypto mining business a little over two years ago. Zoom In Icon Arrows pointing outwards Ahmad Abu Daher repairing mining equipment in the basement of a home in Zaarouriyeh. Ahmad Abu DaherIt has been 26 months since Abu Daher first set up shop, and he says that business is thriving. watch nowBuilding a bitcoin mining businessAbu Daher had a few black swan events on his side soon after he broke into crypto mining. In January, police raided a small crypto mining farm in the hydro-powered town of Jezzine, seizing and dismantling mining rigs in the process.

[1/6] Nov 5, 2022; Los Angeles, CA, USA; Los Angeles FC forward Carlos Vela (10) celebrates with the Philip F. Anschutz Trophy after defeating the Philadelphia Union in the 2022 MLS Cup championship game at Banc of California Stadium. With the win LAFC have delivered on the high expectation that came when they joined MLS in 2018. "The reason why I came here was to try and help the club win the MLS Cup," said Bale, who will captain Wales in the Qatar 2022 World Cup that kicks off later this month. It's important for this club to go to the next level, and I think by winning this trophy, it shows that we are. Reporting by Rory Carroll in Los Angeles; editing by Jonathan Oatis and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

☆ Get them on social media and keep it authentic, Gen-Z consultants advise candidates
▼ + stars: | 2022-11-05 | by ( Irie Sentner | ) www.nbcnews.com time to read: +4 min

“The Gen Z electorate can make or break the election in some of our key races,” said Ashley Aylward, 26, a research manager at HIT Strategies, a Washington-based public opinion research firm focusing on youth and minority voters. The firm was started in 2019 “because we were seeing so many political operatives kind of just dismissing the emerging electorate — young people, people of color,” she said. As more of Gen Z reaches voting age, experts have advised candidates to change their strategies to appeal to new voters. Experts said social media — and TikTok specifically — are key in strategizing for the Gen Z vote in the 2022 election. Experts emphasized that Gen Z cares about authenticity and casualness; candidates can “miss the mark” when they “don’t use the language that young people do," Aylward said.

☆ Major League Soccer Cup: Gareth Bale scores dramatic goal as Los Angeles Football Club triumphs in thrilling penalty shootout
▼ + stars: | 2022-11-05 | by ( Jacob Lev | ) edition.cnn.com time to read: +3 min

CNN —Gareth Bale’s dramatic, late goal helped Los Angeles Football Club win the Major League Soccer Cup for the first time in a thrilling, frantic final against Philadelphia Union at Banc of California Stadium in Los Angeles. “The reason why I came here was to try and help the club win the MLS Cup,” the Wales international added. Trailing 1-0 at the start of the second half, Dániel Gazdag of the Union scored the equalizer when he picked up José Martínez’s scuffed shot inside the box. The game remained knotted up until the 83rd minute when Jesús Murillo’s goal gave Los Angeles the lead again. McCarthy celebrates LAFC's victory in Los Angeles.

☆ Blackstone strikes twice with Emerson carve-out
▼ + stars: | 2022-10-31 | by ( John Foley | ) www.reuters.com time to read: +4 min

The transaction employs an unusual structure similar to one Blackstone used successfully five years ago. It looks a lot like the deal Blackstone struck with Thomson Reuters(TRI.TO) – the parent company of Breakingviews – back in January 2018. Because debt accounted for around two-thirds of the purchase price, the quick sale roughly doubled the value of Blackstone and Thomson Reuters’ equity investments. Private equity group Blackstone will contribute $4.4 billion in cash, receiving a 55% equity stake in the business and a $2 billion convertible preferred note. Emerson, an industrial conglomerate that makes industrial instruments and software, will retain 45% of the division’s equity and a note worth $2.25 billion.

☆ 19-year-old who makes $10,000 a month from his video game side hustle: 'I never knew that writing could make me' so much money
▼ + stars: | 2022-10-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

During his senior year of high school, Arash Lahijani realized he could make money through an unusual side hustle: Writing backstories for video game characters. Arash Lahijani was a high school senior when he learned he could make money writing backstories for video game characters. Since then, he's earned $62,400 writing more than 400 character backstories for an online version of the video game Grand Theft Auto, according to documents reviewed by CNBC Make It. Here's how Lahijani learned how to write video game character backstories and how he plans to grow his income through writing:How to write a video game backstoryLahijani says his writing skills aren't from English classes or extracurricular interests. Those same types of hooks now serve as the first and last sentences of his character backstories, he adds.

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