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☆ Brazil Justice Moraes fines Telegram for not complying with court order
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Jan 25 (Reuters) - Brazil's Supreme Court Justice Alexandre de Moraes fined on Wednesday messaging app Telegram for failing to comply with a court order that called for the suspension of accounts of supporters of former President Jair Bolsonaro. Telegram will be fined 1.2 million reais ($236,527), the decision said. Moraes gave Telegram five days to pay the fine from the day of the decision. In March 2022, Moraes ordered the suspension of messaging app Telegram, saying it had repeatedly refused to adhere to judicial orders to freeze accounts spreading disinformation. The suspension was revoked days later, after the company complied with court requests.

☆ Here's why employee-experience manager is one of the fastest-growing jobs in the US
▼ + stars: | 2023-01-24 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Employee-experience manager was fifth on LinkedIn's list of the fastest-growing jobs in the US. Insider spoke with Jack Lau, an employee-experience manager in the Bay Area, about what that's like. Behold: the employee-experience manager. I started five years ago as an office manager doing all the things office managers do. Is that when you became an employee-experience manager?

Jan 19 (Reuters) - Zambia needs "desperate debt relief" and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank's managing director of operations said on Thursday. "In the last two years, we have seen the limitations of the common framework," Axel van Trotsenburg told a panel at the World Economic Forum's annual meeting in Davos, moderated by Reuters Editor-in-Chief Alessandra Galloni. Zambia has become a test case for the G20-led "Common Framework" restructuring vehicle launched during COVID-19 to streamline debt restructuring efforts as poorer countries buckle under the fallout from the pandemic hit. "Right now we have negotiations where there is not an established debt sustainability framework. What you see in the discussions is that different creditors are challenging all the underlying assumptions," van Trotsenburg added, without specifying which creditors he was referring to.

☆ Blackstone's real-estate strategy, laid out in a leaked transcript, sets the stage for tenant battles over evictions and rising rents
▼ + stars: | 2023-01-19 | by ( Rebecca Ungarino | Alex Nicoll | ) www.businessinsider.com time to read: +9 min

The major real-estate investor Blackstone is playing defense as tenants scrutinize its policies. This week, tenants addressed Blackstone and an investor, UC Investments, to raise concerns. A transcript of an executive's remarks, obtained by Insider, sheds light on Blackstone's strategy. It is Blackstone, the New York-based investment giant that has become the world's largest real-estate investor. Vik Sawhney, Blackstone's chief administrative officer and global head of institutional client solutions, introduced Meghji, according to the transcript.

☆ Companies, Lenders Clash Over Loan Spreads in Switch From Libor
▼ + stars: | 2023-01-13 | by ( Mark Maurer | ) www.wsj.com time to read: +7 min

As part of the shift, companies typically propose changes to their loan agreements with lenders, adjusting for the price difference between SOFR and Libor. The adjustment of the credit spread adds basis points to the interest rate on a loan to make up for the fact that SOFR has traded lower than Libor. The difference between SOFR and Libor can be as much as 25 basis points for loans with maturities of five to seven years. There will likely be more disagreements over credit spread adjustments as companies stop using Libor prior to its end. “There’s no reason to burn bridges over a few basis points,” Mr. Kerschner said.

Silbert is the founder of Digital Currency Group (DCG), a crypto conglomerate that includes the Grayscale Bitcoin Trust and trading platform Genesis. Winklevoss, along with his brother Tyler, co-founded Gemini, a popular crypto exchange that, unlike many of its peers, is subject to New York banking regulation. Winklevoss and Silbert were linked through an offering called Earn, a nearly two-year-old product from Gemini that promoted returns of up to 8% on customer deposits. With Earn, Gemini loaned client money to Genesis for placement across various crypto trading desks and borrowers. Silbert has avoided responding directly to Winklevoss' latest accusation, though the company has taken up his defense.

LONDON, Jan 10 (Reuters) - Goldman Sachs Asset Management, the fund arm of Goldman Sachs (GS.N), said on Tuesday it had raised $1.6 billion for its first private equity fund focused on investing in companies providing climate and environmental solutions. The final close of GSAM's Horizon Environment & Climate Solutions I comes as investors increasingly turn their attention to companies that can help in the world's fight against global warming. The fund, launched in 2021, provides so-called "growth capital" to companies further along in developing solutions in clean energy, sustainable transport, waste and materials, sustainable food and agriculture and ecosystem services. While investors have long invested in real assets such as wind and solar, or in early stage venture capital, the demand for the fund showed they were increasingly willing to back bigger companies, Pontarelli said. In December private equity firm General Atlantic launched a $3.5 billion climate fund while a month earlier Morgan Stanley Investment Management launched a $1 billion private equity strategy to invest in companies that will help reduce 1 gigatonne of carbon dioxide emissions.

☆ Winter of 'disconnect': Morgan Stanley's Mike Wilson braces for more than 20% stock drop
▼ + stars: | 2023-01-10 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

Morgan Stanley's Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. Wilson expects earnings season, which kicks off with financials on Friday, will jolt the market by coming in sharply below expectations. "When we actually talk to people, they talk a bearish game about the first half. But they're not really either positioned for it or they don't really think that it's going to be that bad," said Wilson, who has been defensively positioned since last year.

☆ Brazil's govt: rioters 'will not succeed' in destroying democracy'
▼ + stars: | 2023-01-09 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

The protesters swarmed into Congress, the Supreme Court and presidential palace on Sunday. Lula and the heads of the Supreme Court, Senate and Lower House also signed a letter Monday denouncing acts of terrorism and vandalism and saying they were taking legal measures. “They will not succeed in destroying Brazilian democracy. They overturned the U-shaped table at which Supreme Court justices convene, ripped a door off one justice’s office and vandalized an iconic statue outside the court. A supreme court justice temporarily suspended the regional governor.

☆ Bernstein analysts offer a cautious bull case for crypto recovery after a year from hell
▼ + stars: | 2023-01-04 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

Analysts from Bernstein laid out why they're still bullish on the crypto space. But Bernstein analysts Gautam Chhugani and Manas Agarwal offer crypto true believers a few reasons to keep the faith. Crypto keeps bouncing backThe past year was not the first "crypto winter," and crypto always bounced back fairly easily. Much of the crypto space remains decentralized. Chhugani and Agarwal said FTX's collapse had hastened DeFi adoption, which makes DeFi a bright spot in crypto investing, according to crypto VCs.

☆ Crypto had a catastrophic 2022. Here are 3 reasons it will bounce back again, according to analysts.
▼ + stars: | 2023-01-04 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

Analysts from Bernstein laid out why they're still bullish on the crypto space. But Bernstein analysts Gautam Chhugani and Manas Agarwal offer crypto true believers a few reasons to keep the faith. In a note published on January 3, they wrote that despite a catastrophic 2022, the larger crypto ecosystem still has potential. Much of the crypto space remains decentralized. Chhugani and Agarwal said FTX's collapse had hastened DeFi adoption, which makes DeFi a bright spot in crypto investing, according to crypto VCs.

☆ Asian shares slip as COVID surge in China makes investors uneasy
▼ + stars: | 2022-12-29 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

SINGAPORE, Dec 29 (Reuters) - Asian equities weakened slightly on Thursday as soaring COVID cases in China unsettled investors and cast doubt over chances of a swift recovery for the world's second biggest economy after the relaxation of stringent COVID curbs. Around half the passengers on two flights from China to Milan's main airport, Malpensa, tested positive for COVID on Wednesday. China shares (.SSEC) fell 0.3%, while Hong Kong's stock market (.HSI) slid 1%. State Street's Investor Confidence Index, which analyses buying and selling patterns of institutional investors, fell to 75.9 in December, the lowest since the pandemic began three years ago. The yield on 10-year Treasury notes was down 2.2 basis points to 3.864%, not far off six-week high of 3.89%.

Critically, experts say, nothing that's transpired in the crypto market in 2022 undermines the inherent value of the blockchain. "So while this has been a shock to the market, a lot of people in the space remain sanguine about the future of blockchain technology." He said stock trading, buying and selling real estate, and borrowing and lending money remain ripe for disruption by blockchain technology. "The ethereum blockchain could turn out to be this major infrastructure layer for the future of technological services," Abner said. He said prospective crypto users must prepare for a steep learning curve going forward, because it ultimately involves trusting only yourself to be in charge of your assets.

☆ China is rolling back much of its Covid controls. That could spell a buying opportunity for these stocks
▼ + stars: | 2022-12-28 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

A reopening in the world's second-largest economy could spell a buying opportunity for investors as China unwinds much of its Covid restrictions. Investors have taken the recent developments as a signal to start snapping up China equities. What's more, they say that Chinese equities are cheap on a historical basis, and cheap compared to their emerging market peers. This month, Morgan Stanley said that Chinese equities have a "steep climb" after their underperformance during the pandemic. Yum China is the fourth-largest position in the Thornburg Developing World Fund (THDAX) , which has a roughly 29% allocation to China.

☆ A band of immigrant tenants went to war with their $31 billion landlord. It's a sneak peek at what's to come across America.
▼ + stars: | 2022-12-27 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +16 min

In Alexandria, Virginia, $31 billion landlord CIM Group bought a massive apartment complex in 2020. The group was organizing against CIM Group, the landlord they said had upended their lives. Insider spoke with 10 Southern Towers tenants. The battle between the Southern Towers tenants and CIM could presage what's to come across America. "We're not going to leave"The Southern Towers tenants aren't the only ones following the money.

☆ Happy 50th anniversary to the discovery of the Santa Claus rally
▼ + stars: | 2022-12-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Happy 50th Anniversary to the discovery of the Santa Claus rally. It's that time of year again: the Santa Claus rally. Santa Claus rally: what it is The Santa Claus rally is a short rally that runs from the last five trading days of the year to the first two trading days of the New Year. According to one study, a Santa Claus rally has materialized in four out of every five years since 1950. His father, Yale Hirsch, a friend of mine for many years, discovered and named the Santa Claus rally in 1972.

☆ Coinbase still has upside despite FTX collapse, says SVB MoffettNathanson's Lisa Ellis
▼ + stars: | 2022-12-22 | 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 EmailCoinbase still has upside despite FTX collapse, says SVB MoffettNathanson's Lisa EllisLisa Ellis, senior managing director at SVB MoffettNathanson, joins 'The Exchange' to discuss her bullish stance on Coinbase, the overall fate of crypto exchanges and currencies, as well as the scope of institutional investor involvement in crypto.

☆ She says she was fired in retaliation. Hearst Magazines says she was insubordinate. Here's how Delish's hit YouTube show 'Budget Eats' came crashing down.
▼ + stars: | 2022-12-22 | by ( Steven Perlberg | ) www.businessinsider.com time to read: +21 min

Produced by the Hearst-owned food brand Delish, "Budget Eats" was the kind of digital success story that traditional magazine giants crave. As Xie worked her day job developing recipes, "Budget Eats" was morphing from a pandemic experiment to a bonafide hit. A career recipe developer at work, the "Budget Eats" Xie doesn't even measure out ingredients. "It felt like she was afraid that putting 'Budget Eats' from her kitchen onto this cable network might dilute the honesty," Lennon-Simon said. As for "Budget Eats," Delish recently posted what is presumably the last episode.

[1/2] A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. "When people adjust their expectations after the Fed meeting, higher rates typically imply more compressed multiples for growth stocks." Further, hawkish messages delivered by three Fed officials including New York Fed President John Williams last week underscored the U.S. central bank's determination to do what it takes to ease price pressures. Still, money market participants are pricing in 61% chance of a 25 basis points rate hike in February to 4.5%-4.75%, with a terminal rate of 4.84% in May 2023. The S&P index recorded five new 52-week highs and 15 new lows, while the Nasdaq recorded 42 new highs and 335 new lows.

☆ Stocks steady, yields rise as rate risks cloud 2023 outlook
▼ + stars: | 2022-12-19 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

By 1152 GMT, the index was broadly unchanged after a heavy week for rate increases on Friday sent it to its lowest point since Nov. 10. Long-term borrowing costs rose for a fourth straight session and short-dated yields remained not far off their highest levels in more than a decade. It wreaked havoc even on rate markets," said Carlo Franchini, head of institutional clients at Banca Ifigest in Milan. Ten-year Treasury yields rose 4 basis points (bps) to 3.522%. Gold inched 0.1% higher at $1,764 an ounce, as a softer dollar countered pressure from expectations of higher U.S. rates.

Summary Global stocks index up 0.1%Japan could tweak inflation target - sourceshttp://tmsnrt.rs/2yaDPgnhttp://tmsnrt.rs/2egbfVhMILAN, Dec 19 (Reuters) - World stocks inched higher on Monday but stayed near 6-week lows as investors started the year's last full trading week still mindful of interest rate hike risks to the economy in 2023. By 0902 GMT, the index rose 0.1% after a heavy week for interest rate increases on Friday sent it to its lowest point since Nov. 10. It wreaked havoc even on rate markets," said Carlo Franchini, head of institutional clients at Banca Ifigest in Milan. "Except for the BOJ and perhaps the Bank of England, there's little confidence in the other central banks. Japan's Nikkei (.N225) fell 1.05% to a six-week low and the yen rose 0.5% to 135.9 per dollar.

[1/2] A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. "When people adjust their expectations after the Fed meeting, higher rates typically imply more compressed multiples for growth stocks." Further, hawkish messages delivered by three Fed officials including New York Fed President John Williams last week underscored the U.S. central bank's determination to do what it takes to ease price pressures. Still, money market participants are pricing in 65% chance of a 25 basis points rate hike in February to 4.5%-4.75%, with a terminal rate of 4.84% in May 2023. The S&P index recorded five new 52-week highs and eight new lows, while the Nasdaq recorded two new highs and 59 new lows.

☆ Most Gulf markets retreat on Fed rate woes, oil price slump
▼ + stars: | 2022-12-11 | by ( Shamsuddin Mohd | ) www.reuters.com time to read: +3 min

Dec 11 (Reuters) - Most major Gulf equities eased on Sunday on falling oil prices amid supply woes and uncertainty over a price cap on Russian oil, while the Egypt index fell on price corrections. "Also oil prices could witness further downtrend this week as recession fears may fuel demand concerns, with European price cap on Russian oil remaining a source of uncertainty," added Mourad. Saudi Arabia's benchmark index (.TASI) fell 1.1%, with oil behemoth and index heavyweight Saudi Aramco (2222.SE) sliding 1.8% and Luxury real estate developer Retal Urban Development Company (4322.SE) losing 0.7%. However, Saudi National Bank (1180.SE) and ACWA Power (2082.SE) jumped 2% and 4.4% respectively. (IQCD.QA)Outside the Gulf, Egypt's blue-chip index (.EGX30) also eased 1.7%, ending eight straight days of gains.

"The successful completion of the capital increase is a key milestone for the new Credit Suisse," its chief executive Ulrich Koerner said in a statement. Credit Suisse had already raised 1.8 billion francs by placing stock with a group of institutional investors led by Saudi National Bank (1180.SE). The exercise of subscription rights left only 16.4 million shares unsold. These are due to be sold on the market at or above the offer price of 2.52 Swiss francs, Credit Suisse said. Credit Suisse, has been battered by mishaps, including a $5.5 billion loss on U.S. investment firm Archegos.

Credit Suisse has already placed some 1.8 billion francs worth of shares with a group of institutional investors led by Saudi National Bank. "The rights issue is the necessary start to the process, said Jerome Legras of Axiom Alternative Investments. REVAMP AND RECORD LOWSCredit Suisse shares, which have plumbed record lows, were buoyed last week as its leadership sought to reassure markets. After closing above 3 Swiss francs on Monday, they have retreated slightly, finishing Wednesday’s session at 2.851 Swiss francs. Crucially, they have held above the deal subscription price of 2.52 Swiss francs and were at 2.821 Swiss francs, down around 1% in mid-session trade on Thursday.

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