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☆ Morgan Stanley says these 30 stocks are best positioned for long-term gains as inflation, interest rates, and a banking crisis turn markets upside down
▼ + stars: | 2023-03-22 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

But the chaos has also ushered in the beginning of the end of current bear market, said Mike Wilson. Morgan Stanley shared 30 stocks to buy for long-term outperformance in the next bull market. In fact, Wilson believes that a decline in credit availability may even point to the beginning of the end of the current bear market. In a note from March 21, Wilson and fellow equity strategist Michelle Weaver highlighted the top stocks identified by Morgan Stanley analysts to buy for outperformance and longevity. However, they cautioned that current market pricing or positioning played no role in determining their basket of top stocks.

☆ These stocks are table-pounding buys as bank fears linger, analysts say
▼ + stars: | 2023-03-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts unveiled a slew of must-own stocks this week even as bank and macroeconomic worries permeate the market. While some investors might be distracted by the ongoing financial turmoil, analysts say there are plenty of quality buying opportunities. They include: TrueCar, Apple, Progressive, Academy Sports and Prosperity Bancshares. Apple Morgan Stanley is doubling down on Apple shares. Apple shares are up almost 20% since the start of the year.

☆ U.S. Postal Service Trucking Contractors Must Now Disclose Serious Traffic Accidents
▼ + stars: | 2023-03-15 | by ( Christopher Weaver | ) www.wsj.com time to read: 1 min

A truck operated by Tracie McCormick, a U.S. Postal Service contractor, was in a crash in Florida in 2020. Postal Service ordered its trucking contractors to immediately notify the agency of serious accidents, a reversal from past practices that will give officials there a new window into the safety records of those carrying its mail, an email reviewed by The Wall Street Journal shows. The email, which was sent Sunday, instructed trucking contractors to report details of accidents on their mail-hauling routes to the agency’s leadership, a change that follows a Journal article examining deficiencies in its safety practices.

☆ Layoffs are still historically low, so why does it feel like everyone's losing their job?
▼ + stars: | 2023-03-09 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The layoffs and discharges rate in January was 1.1%, which remains historically low. While BLS data may show a low US layoff rate overall, tech layoff announcements are important, given Pollak said that tech and finance are "synonymous with Americans' aspirations generally." "Those markets are very exposed to tech layoffs, and tech plays a disproportionate role in the economy," Terrazas added. Pollak told Insider that the layoffs at tech companies are "relatively small" and that "many companies also are not pursuing layoffs across the board." Despite the layoff rate being very low, job seekers may still be concerned about these headlines.

☆ Lawmaker Requests Investigation Into Unsafe Driving Record Among U.S. Postal Service Trucking Contractors
▼ + stars: | 2023-03-08 | by ( Christopher Weaver | ) www.wsj.com time to read: 1 min

Rep. Gerry Connolly (D., Va.) wants a probe to determine how many people were killed in crashes with U.S. Postal Service trucking contractors between 2017 and 2022. A Virginia congressman this week requested that a government watchdog open an investigation of the U.S. Postal Service’s freight-shipping practices. The Wall Street Journal reported this month that the agency hires trucking contractors with unsafe driving records.

☆ Discount chains Ross, T.J. Maxx, and Burlington are planning to add more than 300 new stores. Here's why major retailers should be nervous about their growing off-price rivals.
▼ + stars: | 2023-03-08 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +5 min

Off-price chains are likely to get a boost in the months ahead as shoppers seek low prices. Ross Stores is planning to open 100 new locations this year, while T.J. Maxx plans 150 openings, and Burlington as many as 80. 2023 is looking like a strong year for off-price chains like Burlington Stores, Ross Stores and T.J. Maxx, as shoppers look to save money where they can. Off-price chains could benefit from retail closures and bankruptciesAs other retailers close swaths of stores nationwide, discounters are expanding. Paul Weaver/SOPA Images/LightRocket via Getty ImagesAnalysts see a banner year ahead for BurlingtonBurlington may be the smallest of the major off-price retailers, but it's poised to have a big year.

Like the original movie, "Avatar: The Way of Water" is directed by James Cameron ("Titanic"). How to watch 'Avatar: The Way of Water'"Avatar: The Way of Water" is currently only available to watch in theaters, so you can't purchase or stream the movie at home just yet. When will 'Avatar: The Way of Water' be available to watch at home? You can watch "Avatar: The Way of Water" at home starting March 28. The sequel repeats one of the biggest draws of the first "Avatar" movie in terms of being a groundbreaking visual spectacle.

☆ Salesforce reduced a year-end 'gratitude' bonus for employees. Leaked messages show employee response: 'Record margins and 70% bonus. Hurts.'
▼ + stars: | 2023-03-07 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Salesforce reduced an annual cash bonus meant to show "gratitude" to employees by 30%. On Wednesday, March 1, Salesforce reported "record high" adjusted operating margins of 22.5% during its last fiscal year and guided toward 27%. Fortune earlier reported on the bonus cut. "Record margins and 70% bonus. Are you a Salesforce employee or do you have insight to share?

☆ Salesforce is having its best day since 2020 after blowout earnings report
▼ + stars: | 2023-03-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Salesforce shares surged 12% on Thursday and headed for their biggest single-day rally since August 2020, after the cloud software vendor issued earnings and guidance that trounced analysts' estimates. After the close of regular trading on Wednesday, Salesforce reported fiscal fourth-quarter adjusted earnings of $1.68 per share, 23% higher than the consensus among analysts polled by Refinitiv. Alongside the earnings report, Salesforce said it's working with Bain on a business review, and the company announced the elimination of the board's committee on mergers and acquisitions. Rangan, who recommends buying the stock, raised his 12-month price target for the second time in a week after the report. WATCH: Salesforce earnings highlight how expectation beats can move markets, says Kari Firestone

☆ USPS Contracted Trucks Frequently Violate Safety Rules. Crashes Killed 79 People Since 2020.
▼ + stars: | 2023-03-01 | by ( Christopher Weaver | ) www.wsj.com time to read: 1 min

For years, the U.S. Postal Service has faced competition from the likes of United Parcel Service Inc. and FedEx Corp. To fight them off, it hired outside trucking companies at cut-rate prices, required them to meet aggressive schedules and then looked the other way when they ran afoul of highway safety rules, a Wall Street Journal investigation found. The result has been deadly. Postal contractors have been involved in at least 68 fatal crashes that killed 79 people in the past three years, according to police crash and inspection records.

☆ The founder of the best-selling Black-owned spirit brand shares why she prefers to work with individual investors over VC firms and how they helped her reach $100 million in sales
▼ + stars: | 2023-03-01 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Fawn Weaver's Uncle Nearest Premium Whiskey is the best-selling Black-owned spirit brand in the US. She chose to take funding from individual investors, not from VC or private-equity firms. "You also are gaining a sales force if your investors are excited about your brand," she said. "They have been a huge sales force for us." "One of our first really big accounts nationwide was to have Uncle Nearest cocktails on the menu."

☆ There are growing expectations that Salesforce is readying a succession plan to appease activist investors. 'There's not a lot of people sitting on the bench,' one analyst said.
▼ + stars: | 2023-03-01 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com time to read: +8 min

Analyst said any succession plan would be about giving investors "comfort" about the future. Company insiders, former employees and Wall Street analysts increasingly expect Salesforce to put a succession plan in place soon. 'If he's willing to work with the activists, then he can stay CEO'Analysts think that if a succession plan is announced soon, it won't include Benioff's immediate exit. "Benioff is Salesforce and Salesforce is Benioff," said Dan Ives, an analyst at Wedbush Securities. Bret Taylor, former Salesforce executive SalesforceTaylor's departure in late November left Salesforce with a limited bench of potential successors.

☆ The founder of Uncle Nearest Premium Whiskey, the best-selling Black-owned spirit brand in the US, explains how she reached $100 million in sales
▼ + stars: | 2023-02-18 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Fawn Weaver founded Uncle Nearest Premium Whiskey, the US's best-selling Black-owned spirit brand. Uncle Nearest has generated more than $100 million in sales since its launch, information Insider verified with documentation. Uncle Nearest Premium Whiskey. In 2017, Weaver opened the Nearest Green Distillery and launched Uncle Nearest Premium Whiskey, making storytelling the foundation of her brand's success. Fawn Weaver, founder and CEO of Uncle Nearest Premium Whiskey.

☆ Shareholder votes offer check on unjustified CEO pay at S&P 500 companies, study finds
▼ + stars: | 2023-02-16 | by ( Ross Kerber | ) www.reuters.com time to read: +3 min

Feb 16 (Reuters) - Compensation for S&P 500 (.SPX) chief executives has soared in recent years even as investors cast more of their advisory "Say on Pay" votes against management, leading to doubts about the ballots' usefulness. Discovery's total shareholder return for 2021 was minus 22%, versus a gain of 29% for the S&P 500. Warner Brothers Discovery, created last year when Discovery Inc bought AT&T's (T.N) media assets, has not set the frequency of its pay votes. To rank CEOs as "overpaid," As You Sow used criteria including shareholder returns, critical shareholder pay votes and the ratio of CEO to worker pay. It noted the average share of votes cast "against" executive pay at S&P 500 companies climbed to 12.6% last year, from 11.7% in 2021 and 10.4% in 2020.

☆ Trump just tried to pick another fight with Rihanna, saying the pop icon had the 'single worst' Super Bowl halftime show in history
▼ + stars: | 2023-02-13 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Donald Trump flung another insult at Rihanna after her performance at the Super Bowl on Sunday. Trump wrote that Rihanna gave "the single worst Halftime Show in Super Bowl history." This is the second time in a week that Trump has tried to pick a fight with Rihanna. "EPIC FAIL: Rihanna gave, without question, the single worst Halftime Show in Super Bowl history," Trump wrote on Truth Social on Sunday. Trump also criticized Rihanna's fashion choices at the Super Bowl, writing: "Also, so much for her 'Stylist!'"

☆ After unexpected death of 6-year-old girl, family becomes target of 'Died Suddenly' anti-vax conspiracy theories
▼ + stars: | 2023-02-11 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +4 min

An anti-vax social-media campaign has targeted the family of a 6-year-old girl who died suddenly. A photo of the child posted on the "Died Suddenly" Twitter blamed her parents for vaccinating her. #DiedSuddenly is a recent iteration of an online conspiracy spreading disinformation about vaccines. The "Died Suddenly" hashtag is centered around a video by the same name, which labels itself as a "documentary film of a generation." Anastasia and her family are only one of the latest targets of the "Died Suddenly" Twitter account, which began posting in October 2022 and has nearly 300,000 followers.

☆ Trump picked a fight with Rihanna ahead of her Super Bowl set, saying the pop icon would be 'nothing' without her stylist
▼ + stars: | 2023-02-10 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Donald Trump is picking a fight with pop star and fashion icon Rihanna. Trump wrote on Truth Social. Trump wrote on Truth Social. In his post, Jackson referenced an August 2020 incident in which Rihanna was seen posing in front of a spray-painted art installation. Representatives for Rihanna, Weaver, Trump, and Jackson did not immediately respond to Insider's requests for comment.

Feb 9 (Reuters) - A U.S. judge on Thursday sanctioned Meta Platforms Inc (META.O) and its law firm, Gibson, Dunn & Crutcher for “delay, misdirection and frivolous arguments” in a data privacy lawsuit over the company’s sharing of user information with third-parties. Representatives for Gibson Dunn and Facebook did not immediately respond to requests for comment. Los Angeles-founded Gibson Dunn has represented the company in numerous matters. The court had ordered Facebook to turn over data it had collected on the plaintiffs in the case, regardless of whether it had been shared. The case is IN RE: Facebook, INC. Consumer Privacy User Profile Litigation, U.S. District Court for the Northern District of California, No.

☆ Bank of America announced a new class of managing directors — here are all 87 names in corporate and investment banking
▼ + stars: | 2023-01-26 | by ( Alex Morrell | ) www.businessinsider.com time to read: +3 min

Bank of America has announced a new class of 360 managing directors. Insider has the list of the 87 new MDs for the firm's Global Corporate and Investment Bank. It's managing director promotion day at Bank of America. On Thursday, the class of 360 managing directors across the firm were announced internally, up 15% from the 314 promoted in 2022.Insider has the list of the 87 employees who were promoted in the firm's Global Corporate and Investment Bank — the division responsible for dealmaking. That's down 17% from 105 new MDs last year in the division, likely a reflection of a difficult year in investment banking across Wall Street that saw revenues drop in excess of 50%.

☆ Morgan Stanley's favorite buys and shorts for earnings season
▼ + stars: | 2023-01-24 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks are set for big swings this earnings season , and that spells opportunity for investors to buy and short some names, according to Morgan Stanley. More important for investors this earnings season will be the 2023 guidance, the firm said. Given this, traders should expect a rise in price dispersion over the next couple weeks as corporate earnings season unwinds. Seventy companies in the S & P 500 have released results so far this earnings season, according to FactSet data. Here are three positive names, and two negative, that Morgan Stanley highlighted: Bath & Body Works will react positively to earnings, according to Morgan Stanley.

☆ More than 500 Salesforce employees wrote to execs demanding layoff answers. Read the leaked messages showing how management responded.
▼ + stars: | 2023-01-24 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +13 min

Salesforce appeared to have responded to employees' questions through a Q&A titled "Top Questions from Employees," posted to an internal Slack channel by Salesforce executive vice president of employee communications and engagement Jill Unikel. Are you a Salesforce employee or do you have insight to share? SELECTION CRITERIAQuestion: What criteria was used to decide who was in the 10% of employees affected? If an affected employee finds a new role internally before their termination date, they will remain a Salesforce employee and not receive their communicated severance. BENEFITS FOR AFFECTED EMPLOYEESQuestion: Did affected employee receive benefits included in their severance?

☆ James Cameron celebrated in Hollywood amid 'Avatar' success
▼ + stars: | 2023-01-13 | by ( Rollo Ross | ) www.reuters.com time to read: +1 min

[1/5] Director James Cameron and Producer Jon Landau pose after placing their handprints and footprints during an event at the forecourt of the TCL Chinese Theatre in Los Angeles, California, U.S., January 12, 2023. REUTERS/Mario AnzuoniLOS ANGELES, Jan 12 (Reuters) - As "Avatar: The Way of Water" climbs the box office charts, director James Cameron stuck his hands and feet in cement outside the TCL Chinese Theatre in Hollywood on Thursday to commemorate his contributions to the film business. Longtime collaborator Sigourney Weaver tricked Cameron and producer Jon Landau into going barefoot for the ceremony. "Writing and designing the subsequent two films, it's now going to pay off, so that's a good feeling," he added. Reporting by Rollo Ross; Writing by Lisa Richwine; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ James Cameron and Jon Landau immortalized in cement
▼ + stars: | 2023-01-12 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

Director James Cameron and Producer Jon Landau pose along with Sigourney Weaver and Stephen Lang during an event where they placed their handprints and footprints in cement at the forecourt of the TCL Chinese Theatre in Los Angeles, California,...more

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ Vivienne Westwood, Britain's provocative dame of fashion, dead at 81
▼ + stars: | 2022-12-29 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +5 min

[1/4] Designer Vivienne Westwood poses for a portrait before her catwalk show at London Fashion Week Men's in London, Britain June 12, 2017. "Vivienne Westwood died today, peacefully and surrounded by her family, in Clapham, South London. Instantly recognisable with her orange or white hair, Westwood first made a name for herself in punk fashion in 1970s London, dressing the punk rock band that defined the genre. Westwood used her public profile to champion issues including nuclear disarmament and to protest against anti-terrorism laws and government spending policies that hit the poor. "I've used fashion to challenge the status quo."

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