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☆ Watch CNBC’s full interview with Matrix Asset Advisors' David Katz
▼ + stars: | 2023-02-17 | 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 Matrix Asset Advisors' David KatzDavid Katz, Matrix Asset Advisors CIO, joins 'The Exchange' to discuss where he stands on the recession debate and offer his market outlook.

☆ Inflation is definitely breaking, so buy the dips, says Matrix Asset Advisors' David Katz
▼ + stars: | 2023-02-17 | 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 EmailInflation is definitely breaking, so buy the dips, says Matrix Asset Advisors' David KatzDavid Katz, Matrix Asset Advisors CIO, joins 'The Exchange' to discuss where he stands on the recession debate and his market outlook.

☆ It's not just Google — closer inspection reveals Bing's AI also flubbed the facts in its big reveal
▼ + stars: | 2023-02-14 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Dmitri Brereton said Bing's new AI chatbot "got some answers completely wrong" during its demo. As part of Microsoft's unveiling of the new tech, Bing's AI was asked to list the pros and cons of the three best-selling pet vacuums. "I hope Bing AI enjoys being sued for libel," he wrote. The AI arms race may lead to the spread of misinformationBrereton's observations come as Big Tech companies like Google and Microsoft enter an AI arms race. While Brereton told Insider that generative AI search engines like the new Bing can be "quite transformative," he noted that releasing it prematurely "could lead to big problems."

☆ 'Play offense, not defense': Analyst says buy the dip in these stocks
▼ + stars: | 2023-02-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

"We do think stocks have pretty good upside from here," he said. That should give the stock market a little bit of a tailwind," Katz said on Friday. "We generally find that we're successful buying fallen angels or growth stocks that have long trajectories at value prices." "[We] recommend that investors position portfolios for better times 12 months out and play offense, not defense," he added. Stock picks Katz named four stocks he said look like quality businesses at attractive prices right now.

☆ Blame the CEO for Tech Layoffs at Google, Facebook, Salesforce, Amazon
▼ + stars: | 2023-02-06 | by ( Ed Zitron | ) www.businessinsider.com time to read: +10 min

CEOs made mistakes, workers bear the bruntIn their layoff announcements, pretty much every tech company placed the blame for the cuts on the economy. While they may protect the CEO's reputation or placate investors, layoffs are immensely damaging for workers, even well-paid tech employees. With great power comes no responsibilityThe blame-shifting of these tech companies and their CEOs is not unprecedented, or even that uncommon. CEO pay skyrocketed by 1,460% from 1978 to 2021, and the ratio of average-worker pay to CEO pay ballooned from 20-to-1 in 1965 to 399-to-1 in 2021. Instead, tech CEOs have passed the pain off to people who in many cases were performing well in their roles.

☆ Unilever's new CEO will inherit a company in flux
▼ + stars: | 2023-02-05 | by ( Alex Bitter | Ellen Thomas | ) www.businessinsider.com time to read: +9 min

Two of the five divisions remain focused on food products, an area that CEO Jope said Unilever considered spinning off. Food brands like Ben & Jerry's and Hellmann's would have become a separate company. Unilever's decision last year to spin off its tea business into a new company, Ekaterra, left many workers inside Unilever's food division nervous, the former employee said. One former Unilever executive pointed to Fernando Fernandez, who will assume the top job at the company's new beauty and wellbeing division. Fernandez has been Unilever's executive vice president for Latin America since 2019 and held other jobs with the company in the region before that.

☆ This package shipped from Mississippi to Michigan — via Puerto Rico. Here's why some shipments go on circuitous journeys.
▼ + stars: | 2023-02-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

A small bubble wrap envelope of cosmetics shipped by the US Postal Service from Mississippi headed for Michigan — 750 miles away. When USPS analyzed the tracking for this package a spokesperson told Insider it was simply a mistake. One package's circuitous route from Mississippi to Michigan via Puerto Rico Emma Cosgrove/USPS"Each employee makes a concerted effort to process and deliver each piece of mail and unfortunately, on very rare occasions, instances of mail delivery issues may occur. Across the US package delivery industry, there are more than 59 million packages shipped every day, according to the latest figures from Pitney Bowes, an e-commerce shipping firm. The USPS spokesperson declined to give a misload rate for the postal service.

☆ Katz: If we believe the Fed is almost done, that's going to be bullish for stocks
▼ + stars: | 2023-02-02 | 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 EmailKatz: If we believe the Fed is almost done, that's going to be bullish for stocksMatrix Asset Advisors CIO David Katz discusses Meta's Q4 results, and why he likes a beaten-down name like PayPal.

☆ Why Hollywood's tech evangelists are bullish on NFTs and Web3 storytelling, even after the FTX scandal tarnished blockchain's rep
▼ + stars: | 2023-01-31 | by ( Elaine Low | ) www.businessinsider.com time to read: +7 min

Amid the FTX scandal and declining NFT sales, Web3 chatter has grown quieter in Hollywood. But proponents of NFTs and Web3 storytelling are betting on the tech's entertainment potential. Hollywood's evangelists of Web3 — the decentralized, blockchain-based future of the web that includes crypto and NFTs — were out in full force. She has worked to distance the creative and storytelling potential of NFTs and other blockchain-based technologies from the cowboy rep of the digital currency world. "I'm excited about moving Web3, blockchain technologies past sort of the hype cycle that we've seen with digital collectibles and NFTs," Greg Reed, Universal Pictures' VP of technology partnerships, told Variety.

But Mr. Musk’s Twitter feed is often an echo chamber. 48 hours of Elon Musk’s tweets Circles representing Musk’s tweets are sized by the total retweets, likes, replies and quote tweets in response to what he posted. A chart of Mr. Musk’s original tweets, replies and quote tweets over a two-day period in November. A website tracking Mr. Musk’s private jet movement suggested that he traveled away from San Francisco around that time. Shareholders are now also seeking billions of dollars in damages in a lawsuit after Mr. Musk’s takeover proposal never materialized.

☆ Fossilized eggs reveal new secrets about one of the world's largest dinosaurs
▼ + stars: | 2023-01-27 | by ( Kamakshi Gupta | ) www.nbcnews.com time to read: +3 min

More than 250 eggs of one of the largest dinosaurs ever to walk the Earth have been found in 92 hatcheries in central India, according to a team of paleontologists that made the discovery. Paleontologists have been able to identify six different types of eggs from the 256 they found during excavations between 2017 and 2020, the study said. The eggs were found in the Lameta formation, a sedimentary geological formation in central India known for fossil discoveries. “The presence of many nests in the same area suggests these dinosaurs exhibited colonial nesting behavior like many modern birds,” the study added. “But the close spacing of the nests left little room for adult dinosaurs, supporting the idea that adults left the hatchlings (newborns) to fend for themselves.”

☆ Goldman Sachs, JPMorgan, Wells Fargo are among Wall Street giants named as possible FTX creditors
▼ + stars: | 2023-01-27 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +3 min

The 116-page document connects some of the biggest names on Wall Street to FTX's bankruptcy case. The list doesn't disclose the size or kind of debts the collapsed crypto firm might owe the banks, Bloomberg reported. Other elite financial institutions on the list were Deutsche Bank, HSBC Bank and MUFG Bank. "Goldman Sachs has not filed a claim against the debtors," a spokesperson for the bank told Bloomberg. But the total number of creditors FTX is seen to have tops over a million.

LG's G2 OLED is one of the best high-end 4K TVs on the market. Lowest Price LG 65-inch G2 OLED 4K TV LG's G2 OLED is one of the best TVs you can buy right now, period. Steven Cohen/InsiderOf course, a high-end design is meaningless if the TV's picture performance can't match its premium style. Steven Cohen/InsiderThough Sony and Samsung have both jumped on the quantum dot bandwagon with their latest high-end OLED TVs, LG hasn't adopted this feature. Steven Cohen/InsiderIf you're in the market for a high-end TV that delivers stunning picture quality and a stylish design, the LG G2 OLED should be on your shortlist.

☆ FTX creditors include Goldman Sachs, New York Times and Netflix
▼ + stars: | 2023-01-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —Newly unsealed bankruptcy documents revealed thousands of creditors to whom FTX owes money after the once-mighty crypto exchange collapsed in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were named in the creditor list, which includes businesses, charities, individuals and other entities in a 116-page document filed late Wednesday. In a statement, Goldman Sachs said that it has not filed a claim against FTX. Inclusion on the creditor list doesn’t necessarily mean the parties had an FTX account. FTX is believed to have more than a million creditors, the top 50 of whom are collectively owed more than $3 billion.

☆ Gautam Adani, Asia's richest man, slams short-seller Hindenburg's claims as 'baseless' and 'malicious'
▼ + stars: | 2023-01-25 | by ( Diksha Madhok | ) edition.cnn.com time to read: +4 min

Shares of Adani’s companies have surged in the last few years, making him Asia’s richest man. In 2021, shares in Adani’s companies tumbled after The Economic Times newspaper said that foreign funds that hold stakes worth billions of dollars were frozen by the country’s National Securities Depository. Its report on the Adani Group comes at a sensitive time. Later this week, Adani Enterprises, the conglomerate’s flagship company, is aiming to raise 200 billion rupees ($2.5 billion) by issuing new shares. Last year, CreditSights, a research firm owned by Fitch Group, published a report about Adani Group titled “Deeply Overleveraged” in which it expressed strong concerns about its debt-funded growth plans.

Catalano's brother, Agostino, was a policeman who died in a 1992 bomb that killed anti-mob magistrate Paolo Borsellino - a attack that prosecutors say Messina Denaro helped mastermind. The last confirmed sighting of Messina Denaro was in 1993, making it difficult for police to identify the most wanted man in Italy. Only one of them decided to collaborate with justice," said Roberto Piscitello, a prosecutor who tried to capture Messina Denaro from 1996 to 2008. FALSE IDENTITYPolice say they managed to catch Messina Denaro after learning from wiretaps of his relatives that he had cancer. BUSINESS CONTACTSMagistrates said they found evidence that Messina Denaro had visited Spain, Greece and Austria over the years.

☆ Earnings Exchange: KMB, ABT & MSFT
▼ + stars: | 2023-01-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings Exchange: KMB, ABT & MSFTDavid Katz, Matrix Asset Advisors CIO, joins ‘The Exchange’ to discuss a few stocks ahead of earnings, including Kimberly-Clark, Abbott and Microsoft.

☆ Early Spotify investor Northzone hires director from second-gen Tiger cub fund Tybourne Capital to lead growth-stage deals
▼ + stars: | 2023-01-18 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Early Spotify investor Northzone has hired Tybourne Capital director Sanjoy Malhi as a partner. Early Spotify backer Northzone has hired a director from second-generation Tiger Cub fund Tybourne Capital to lead its growth investments. The London-based fund, founded in 1996, has appointed Sanjot Malhi as a partner focused on growth-stage deals across Europe. Malhi will help distribute a $1 billion multi-stage fund that Northzone closed in September. However, many of those companies were funded with growth capital without having strong business fundamentals in place leading to a lot of pain in the market.

☆ Gen Z loves the flip phone
▼ + stars: | 2023-01-15 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +8 min

Now, Gen-Z’s latest “vintage” obsession is the flip phone – that mid-1990s era phone that has suddenly become oh so popular with millennials. “I’m team flip phone revolution,” singer Camila Cabello tweeted Thursday, posing with a TCL flip phone, vintage. Maybe I can write the theme song guys 💪💪💪💪 pic.twitter.com/yOJgCdAgNq — camila (@Camila_Cabello) January 13, 2023“I found a little 90s, Matrix-y flip phone,” Cameron said. “At parties people will say, ‘oh my goodness, is that a flip phone?,’” Palazzolo said. And yes, new Nokia flip phones are still available – the Nokia 2760 Flip is sold at Walmart from prepaid brands such as Verizon for $19.99.

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☆ Bank earnings are under way. Here are the biggest storylines everyone on Wall Street is focused on.
▼ + stars: | 2023-01-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Starting today, the six big US banks (Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo) report their Q4 and year-end earnings. But instead of a boring preview on what to expect, I figured I'd have some fun by setting gambling lines on some of the biggest storylines heading into earnings. OK, let's get into the biggest storylines and their odds:David Solomon discusses the recent headcount reduction at Goldman Sachs. What'll be interesting is if he teases even more cuts coming down the line as the bank looks to cut costs. (-150)Background: The bank got ahead of this one by announcing its plans to step back from mortgages earlier this week.

☆ Andrew Tate's deal with Rumble is worth millions, he has privately said
▼ + stars: | 2023-01-12 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Andrew Tate has been lining his pockets via right-wing social media. Tate has privately boasted that his deal with Rumble, the video-based social media site popular with conservatives that markets itself as “immune to cancel culture,” was worth a staggering $9 million. The distribution agreements underscore how profitable it can be to work as an influencer in right-wing media. Despite being banned by the vast majority of mainstream social media platforms, Tate remains influential among young men. But with Tate in custody facing serious charges, the fate of his lucrative deal with Rumble remains to be seen.

☆ Andrew Tate to remain detained in Romania on charges of human trafficking and rape, judge rules
▼ + stars: | 2023-01-10 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

BUCHAREST, Romania — A court in Romania’s capital Bucharest has upheld the 30-day arrest of divisive social media personality and self-described misogynist Andrew Tate on charges of organized crime, human trafficking and rape, an official said late Tuesday. Ramona Bolla, a spokesperson for Romanian anti-organized crime agency DIICOT, said the court rejected an appeal by Tate against a judge’s earlier decision to extend his arrest from 24 hours to 30 days. Tate, 36, a British-U.S. citizen who has 4.5 million followers on Twitter, was initially detained on Dec. 29 for 24 hours along with his brother Tristan, who was charged in the same case. The court late Tuesday rejected all four appeals against a judge’s Dec. 30 decision to grant prosecutors’ request to extend the arrest period. The week of his arrest, he traded insults on Twitter with teenage climate activist Greta Thunberg.

☆ Andrew Tate in Romanian court to appeal detention
▼ + stars: | 2023-01-10 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

The divisive social media personality Andrew Tate arrived at a court in Romania in handcuffs on Tuesday morning to appeal against a judge’s earlier decision to extend his arrest period from 24 hours to 30 days on charges of being part of an organized crime group, human trafficking and rape. All four of them immediately challenged the arrest extension that was granted to prosecutors on Dec. 30. If the court overturns the extension, the defendants could be put under house arrest or similar conditions such as being banned from leaving Romania. Since Tate’s arrest, a series of ambiguous posts have appeared on his Twitter account, each of which garners widespread media attention. One, posted on Sunday and accompanied by a local report suggesting he or his brother have required medical care since their detention, reads: “The Matrix has attacked me.

☆ Earnings Exchange: WBA, STZ & CAG
▼ + stars: | 2023-01-04 | 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 EmailEarnings Exchange: WBA, STZ & CAGDavid Katz, Matrix Asset Advisors chief investment officer, joins ‘The Exchange’ to discuss a few stocks ahead of earnings including: Walgreens, Constellation Brands and Conagra.

On Tuesday, Tate tweeted at Thunberg, referring to his “33 cars” and their “enormous emissions.”Thunberg responded on Wednesday, making a joke about Tate’s genitals. After Tate’s arrest, posts quickly went viral, speculating that the pizza boxes in the video had been an important factor in locating Tate. But Ramona Bolla, a spokesperson for DIICOT, refuted that the pizza boxes had anything to do with Tate’s arrest. On Twitter, many responded to Tate’s days-old Twitter feud with Thunberg with jokes about the interaction and Tate’s arrest. In the video, Afualo said she saw the news about Tate’s arrest.

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