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SYDNEY, Feb 2 (Reuters) - Australia will replace the portrait of Queen Elizabeth II on its A$5 banknote with a new design to reflect and honour the history of its Indigenous culture, the country's central bank said on Thursday. The decision follows consultation with the federal government, which supports the change, the Reserve Bank of Australia said in a statement. The Reserve Bank said it would consult with Indigenous groups in designing the A$5 banknote. The A$5 banknote is the only Australian banknote to carry the image of the Queen. Australian coins are mandated to carry the image of the British monarch and new coins will have the effigy of King Charles.

☆ There's still a lot to like about Apple despite key misses in its December quarter
▼ + stars: | 2023-02-02 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Despite headline misses, Apple gave us a lot to like under the hood in its fiscal 2023 first quarter. The worst appears to be behind us — and as a result, we reiterate our 1 rating and continue to believe that Apple stock is something to own for the long-term, not trade quarter to quarter. In its December quarter, Apple returned $19 billion via the repurchase of 133 million shares and another $3.8 billion in dividends. Moreover, nearly two-thirds of Apple Watch buyers in the quarter were new to the product. Within Services, we also saw all-time revenue records for cloud services, payment services and music and December quarter records for the App Store and AppleCare.

☆ Before Sending a Child on a Flight Alone, Read the Fine Print
▼ + stars: | 2023-02-01 | by ( Dawn Gilbertson | ) www.wsj.com time to read: 1 min

Nina Simon’s 9-year-old daughter spent five extra days with her grandparents in Washington state. Annalee Hickman Pierson’s 7-year-old daughter missed her first Christmas with her baby sister in Utah, where matching pajamas and velvet dresses awaited. The children were flying solo as part of Southwest Airlines Co.’s service for unaccompanied minors. They were among the youngest travelers caught in the carrier’s holiday meltdown.

☆ Sticky underlying inflation set to keep ECB on its toes
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +4 min

The drop in headline inflation is unlikely to expunge concerns among conservative policymakers that rapid price growth is becoming entrenched, a worry reinforced by high underlying inflation on Wednesday. Inflation excluding volatile food and fuel prices picked up to 7% from 6.9% while an even narrower measure watched closely by the ECB held steady at 5.2%, exceeding forecasts for 5.1%. Underlying inflation was driven by a jump in processed food and industrial goods prices but services inflation, a key worry because it reflects wage growth, eased a touch. Euro zone unemployment held steady at 6.6% in December, its lowest rate on record, separate data showed on Wednesday. Markets now expect ECB rates to peak at 3.5%, the highest rate in over 20 years, suggesting another 100 basis points of hikes after Thursday's move.

☆ Here are Wednesday's biggest analyst calls: Apple, Amazon, Target, AMD, Exxon, Snap, Nike & more
▼ + stars: | 2023-02-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates PayPal as overweight Morgan Stanley said it's standing by shares of PayPal but that Apple Pay is a formidable competitor for the company. Morgan Stanley initiates Rocket Pharmaceuticals as overweight Morgan Stanley said in its initiation of Rocket Pharmaceuticals that it likes the company's pipeline. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said it's bullish on Amazon's Buy with Prime service for merchants. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said growth remains strong for the Walmart's subscription service, Walmart+. " Morgan Stanley reiterates McDonald's as overweight Morgan Stanley said the fast food giant is well positioned for 2023 after it reported strong earnings on Tuesday.

Permanent life insurance can build cash value. Beyond that, how do I use life insurance to build wealth? Financial planners and life insurance agents can help you create a budget to determine how much you can afford. Financial planners and life insurance agents can help you create a budget to determine how much you can afford. Before purchasing any life insurance policy, we recommend meeting with a financial planner or experienced life insurance agent.

☆ AMD shares jump as earnings defy collapse seen at Intel
▼ + stars: | 2023-02-01 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

Feb 1 (Reuters) - Shares of Advanced Micro Devices Inc (AMD.O) rose nearly 7% on Wednesday after the U.S. chipmaker's upbeat earnings showed that it was making up for a personal-computer slump with gains in the lucrative data center market. The data center market has slowed in recent months due to lower spending from recession-wary businesses, but AMD's faster and smaller chips have allowed it to gain ground on Intel. "AMD can continue to beat Intel in the data center space due to its leading design," said Lucas Keh, semiconductors analyst at Third Bridge. J.P. Morgan pegged AMD's share gain in the server market this year at 5 to 7 percentage points to between 28% and 30%. "First quarter should be the bottom for us in PCs and then grow from there into the second quarter and then into the second half," Su said.

☆ India Budget 2023: Here's what the experts say
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +13 min

"This budget, therefore, has rewritten the rules for financilisation of savings in India, which will induce expenditures rather incentivise savings. LAKSHMI IYER, CEO-INVESTMENT ADVISORY, KOTAK INVESTMENT ADVISORS LTD"India budget 2023 has offered a multi-dimensional view. The 3 Cs which stand out are - Capex increase - consumption boost - capital gains tax status quo. Additionally, the budget has provided significant direct tax benefits to individuals which will help increase disposable income and support spending. The budget keeps in mind the needs of future India while focusing on Artificial Intelligence and machine learning.

☆ What to do when your term life insurance is ending
▼ + stars: | 2023-01-31 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

Almost 20 years ago, the 64-year-old Westfield, New Jersey, resident took out a term life insurance policy, to help cover his family in case the worst happened. Remember there are different types of life insurance on the market, and those with "permanent" versions do not face this conundrum. PURCHASE A NEW TERM POLICYIf your first term policy is winding up, and you are still in excellent health, shop around for a new term policy. "Can you convert the term life policy to a permanent policy?" "If you can obtain long-term care benefits as a rider through another life policy, that may the way to go."

☆ Tesla confirms DOJ has requested documents on Autopilot, ‘Full Self-Driving’
▼ + stars: | 2023-01-31 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +3 min

“Full Self-Driving” steers the vehicle on city streets, but also may stop for traffic signals and make turns to reach a destination. Tesla said that it’s not aware of any ongoing government investigation that has concluded any wrongdoing occurred. NHTSA first investigated Tesla’s driver-assist technology after reports that Autopilot-engaged vehicles were crashing into emergency vehicles stopped at the scene of earlier crashes. The investigation raises the stakes for Tesla and its claim of self-driving technology. IIHS found that 42% of Tesla Autopilot users were comfortable letting the system drive the vehicle without them watching what was happening on the road.

Travel insurance weekly rates at a glance:Average premium: $270.13Average trip cost: $5,793.35Average trip length: 16 daysGet your free travel insurance quote with SquareMouth »What is travel insurance? See Insider's picks for the best travel insurance »Some credit cards offer a limited amount of travel insurance annually. Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Sign up for a credit monitoring service such as Credit Karma to keep tabs on updates to your credit report. Even the best identity theft companies and best credit monitoring services usually stop short of reporting errors on your credit report to the credit bureaus. Credit report dispute frequently asked questions (FAQ)How common are credit report errors? Experian credit freeze: To freeze your credit at Experian, you can visit Experian's online Freeze Center. TransUnion credit freeze: You can request a TransUnion credit freeze through their online portal.

☆ Generative AI is coming for the classroom, whether teachers like it or not. Here's why many in education think it should be embraced rather than shunned.
▼ + stars: | 2023-01-31 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +7 min

Fears of generative AI helping students cheat are rampant, and some school districts are banning it. Instead, educators should think about how generative AI can be used as a classroom learning tool. Insider spoke with multiple AI researchers and academics, startup founders, and education-nonprofit leaders to learn how they're approaching generative AI in the classroom. If used effectively, generative AI tools like ChatGPT can help students develop critical-thinking and problem-solving skills, which are crucial learning outcomes for most teachers. That way, students are actively engaged and wouldn't be able to use generative AI to complete a full assignment, he said.

☆ Inside digital health's reckoning, where once-hot startups are suddenly scrambling for cash
▼ + stars: | 2023-01-31 | by ( Blake Dodge | Rebecca Torrence | ) www.businessinsider.com time to read: +11 min

Analysts and CEOs told Insider more than half of healthcare startups will shut down by 2024. Healthcare startups looking to stay afloat have been laying off employees left and right. The online pharmacy Truepill burned through its cash as it struggled to fill prescriptions efficiently, two former employees told Insider. A spokesperson for Truepill told Insider in an email that the company's burn rate was in line with its projections. Courtesy NOCDWhile the broader economic pressures will hurt many startups that can't raise, it may help others, experts told Insider.

☆ ASML says ‘rules are being finalized’ on chip export controls to China
▼ + stars: | 2023-01-30 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —ASML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls, amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China. Bloomberg reported that the deal “would extend some export controls the US adopted in October” to Dutch and Japanese companies, including ASML (ASML), Nikon (NINOY) and Tokyo Electron. In recent months, the Dutch government has faced pressure from the United States to limit chip-related exports to China, particularly from ASML, according to Xiaomeng Lu, director of geo-technology at the Eurasia Group. It noted that it mainly sold “mature” products to China, and its most advanced lithography technology had already been restricted since 2019. Those machines had been prohibited from being sent to China because the Dutch government had “refused to grant it a license under US pressure,” Lu previously told CNN.

☆ Nike is teaming up with Tiffany & Co. on a $400 shoe. Sneakerheads aren't impressed.
▼ + stars: | 2023-01-30 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

Nike and Tiffany & Co have confirmed a new collaboration sneaker. A Nike and Tiffany & Co collaboration sneaker is on the way. In separate Instagram posts, the retailers revealed the shoe box for the upcoming sneaker. The shoe marks Tiffany & Co's first collaboration with Nike. So far, sneaker collectors on Twitter are not as impressed with the upcoming Nike and Tiffany & Co. collaboration.

☆ You Don’t Have to Be Complicit in Our Culture of Destruction
▼ + stars: | 2023-01-30 | by ( David Marchese | ) www.nytimes.com time to read: +12 min

Photo illustration by Bráulio Amado Talk You Don’t Have to Be Complicit in Our Culture of Destruction“People feel a kind of longing for a belonging to the natural world,” says the author and scientist Robin Wall Kimmerer. I am deeply aware of the fact that my view of the natural world is colored by my home place. But I don’t think that’s the same as romanticizing nature. Of course the natural world is full of forces that are so-called destructive. The story that we have to illuminate is that we don’t have to be complicit with destruction.

☆ McCarthy to discuss debt limit, spending with Biden
▼ + stars: | 2023-01-29 | by ( David Lawder | ) www.reuters.com time to read: +3 min

"I want to find a reasonable and a responsible way that we can lift the debt ceiling (and) take control of this runaway spending," McCarthy added. A White House spokesperson declined to comment but a White House official familiar with plans for the meeting confirmed the Wednesday timing. Biden previously pledged to discuss debt with McCarthy but the White House has said it will not negotiate over raising the debt ceiling. Biden administration officials have framed the planned meeting with McCarthy as an opportunity to develop the two leaders' "working relationship." McCarthy and other Republicans both in the House and Senate have said they will not support an increase in the debt ceiling without budget cuts or spending reforms.

☆ This one side hustle for introverts can bring in thousands of dollars in passive income per month
▼ + stars: | 2023-01-29 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

These are pretty social hustles, though, and if you're more of an introvert, spending your off-time interacting with others can be draining. Rachel Jiminez opened her Etsy store in 2019 and sells hundreds of printables ranging from Christmas scavenger hunts to digital planners. February might be a good time for Valentine's ideas, April might be a good month for Easter-based ideas, and so on. Jiminez perfected her Etsy-selling skills after taking Julie Berninger's course about opening an Etsy store for printables. She herself brings in about $1,000 per month in passive income from the site.

☆ For Super Bowl Ad, Coors Light Brewer Taps Into Online Sports-Betting Appetite
▼ + stars: | 2023-01-27 | by ( Suzanne Vranica | ) www.wsj.com time to read: 1 min

An ad from Molson Coors announcing that it is teaming up with online sports-betting company DraftKings. Molson Coors Beverage Co. is seizing on the popularity of online sports betting to generate buzz during Super Bowl LVII, as the maker of Coors Light and Miller Lite returns to the big game after a 33-year hiatus. The Chicago-based company had long been kept out of the Super Bowl because rival Anheuser-Busch InBev NV had exclusive rights to be the sole alcohol brand to be featured during the game, which it gave up last year. In anticipation of its return, Molson recently ran print, online and outdoor ads asking consumers which of its two light beers—Miller Lite or Coors Light—deserves the brewer’s coveted Super Bowl spot.

☆ Why Auto Marketing Looks Poised for Growth in 2023
▼ + stars: | 2023-01-27 | by ( Megan Graham | ) www.wsj.com time to read: +5 min

A year like that might typically drive auto marketing off a cliff. “We haven’t taken our foot off the accelerator, because we do see the transformation of EVs occurring,” Mr. Wager said. “You don’t put a vehicle in the Super Bowl to sell 20,000 vehicles—that doesn’t make any sense,” Mr. Wager said. “You wouldn’t put it on television normally, unless you’re creating the halo of the electrification of the brand,” Mr. Wager said. Kia will be at the Super Bowl again this year, this time advertising its Telluride SUV.

☆ Asian shares at 9-month high after resilient U.S economic data
▼ + stars: | 2023-01-27 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.53% to almost nine-month highs of 561.99. Thursday's set of data has raised investor hopes of a soft landing - a scenario in which inflation eases against a backdrop of slowing but resilient economic growth. Futures are pricing a 94.7% probability of a 25-basis-point hike next Wednesday and see the Fed's overnight rate at 4.45% by next December, or lower than the 5.1% rate Fed officials have projected into next year. Data on U.S. personal consumption expenditures (PCE) due at 1330 GMT will provide further clues on inflation. Oil prices rose on expectations of a boost to demand from China's reopening and after the strong U.S. data.

If you've ever been confused by miniature bottles branded as Fireball Cinnamon, the popular cinnamon-flavored drink found in gas stations and supermarkets, you're not alone — and now there's a lawsuit over the matter. Citing two news articles pointing out that the bottles, while displaying the Fireball label, do not actually contain whisky, lawyers representing Chicago plaintiff Anna Marquez are seeking unspecified damages against Fireball-maker the Sazerac Company. In the suit, Marquez and her attorneys say the mini bottles, which advertise "Fireball Cinnamon," falsely give consumers the impression that the drinks are merely smaller versions of regular Fireball whisky. "When viewed together with the Fireball distilled spirit brand name, the label misleads consumers into believing it is or contains distilled spirits," the suit states. A representative for Sazerac said the company does not comment on pending litigation and referred an inquiry to the company's Fireball Cinnamon FAQ page.

☆ The US closed out 2022 with its economy still growing despite recession fears
▼ + stars: | 2023-01-26 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

US gross domestic product grew at an annualized rate of 2.9% in the fourth quarter of 2022. The US closed out 2022 with cooling inflation, economic uncertainty, and concerns about when a recession may happen. The US economy's gross domestic product grew at an annualized rate of 2.9% in the fourth quarter of 2022, according to the advance estimate. The fourth quarter print means that the US economy saw a small slow down from the third quarter's annual rate of 3.2%. While the US closed out 2022 with GDP rising, GDP shrunk in the first two quarters of 2022.

☆ Bank of Japan showed no sign of making a hawkish shift in its January meeting
▼ + stars: | 2023-01-26 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

Nationwide core inflation in Japan reached 4% in December, the highest annualized print since December 1981, according to data released last week. Yuichi Yamazaki | Afp | Getty ImagesThe Bank of Japan emphasized that it wants to maintain its current monetary policy, including leaving its yield curve control unchanged, according to the Summary of Opinions from its last meeting published Thursday. The "yield curve control" refers to a policy of the Japanese central bank that's designed to keep the 10-year yield on Japanese Government Bonds (JGBs) within 0.5 percentage points of zero. The central bank continued its operations to purchase Japanese government bonds in response to upward pressure on yields. I think a lot will depend on, for instance, the inflation data in the coming months," he told CNBC's "Street Signs Asia."

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