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☆ 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."

☆ Strong U.S. economic growth expected in fourth quarter, outlook darkening
▼ + stars: | 2023-01-26 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Retail sales have weakened sharply over the last two months and manufacturing looks to have joined the housing market in recession. While the labor market remains strong, business sentiment continues to sour, which could eventually hurt hiring. According to a Reuters survey of economists, GDP growth likely increased at a 2.6% annualized rate last quarter after accelerating at a 3.2% pace in the third quarter. Trade, which accounted for the bulk of GDP growth in the third quarter, was seen either making a small contribution or subtracting from GDP growth. While the labor market thus far has shown remarkable resilience, economists argue that deteriorating business conditions will force companies to slow hiring and lay off workers.

☆ The Art Behind Supply Chains Is Front and Center at a Museum Exhibit
▼ + stars: | 2023-01-25 | by ( Liz Young | ) www.wsj.com time to read: +6 min

Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. “What we wanted to do was to make the invisible visible, to look at the supply chain as a key part of how AI works,” Dr. Crawford said. “The best artists are all geometry and symmetrical work coupled with creativity, and that’s what supply chain is. Some of the artists on display in the MoMA gallery have gone on to create more work centered on supply chains. “When you start to do this research, you see everything differently and the precarity of the supply chain was made so clear to me,” she said.

The NYSE, which is owned by Intercontinental Exchange Inc (ICE.N), said a "system issue" prevented the opening auctions in a subset of its listed securities. The stocks began trading without an opening print, causing erroneous prices that the exchange said will be declared null and void. NYSE ended the day with a normal market close and expected a regular open on Wednesday, Blaugrund added. The NYSE-listed stocks trade on all 16 U.S. stock exchanges, which use the NYSE's prices. In March 2018, the NYSE was the first exchange fined under Reg SCI.

☆ Australian inflation hits a post-1990 peak
▼ + stars: | 2023-01-25 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

Australia's consumer price index reached the highest since 1990 for the quarter of December, 2022. The annualized figure of a rise in consumer prices backed by higher prices in food, automotive fuel, and new residential construction, according to the Australian Bureau of Statistics. Prices rose the most for costs related to domestic and international travel, which rose by 13.3% and 7.6%, respectively. Economists polled by Reuters had forecast the quarter's consumer price index to rise 7.5%, lower than the Reserve Bank of Australia's forecast of 8%. Prices of goods rose 9.5%, a slightly less dramatic print than the 9.6% from the previous quarter — the cost of services rose 5.5%, the highest since 2008.

☆ More detail on what exactly caused NYSE's trading glitch on Tuesday
▼ + stars: | 2023-01-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

After the 9/11 disaster, the NYSE was obligated to maintain a primary trading site (at the NYSE) and a back-up site (which is in Chicago). On Monday evening, routine maintenance was being performed on the software for the Chicago back-up site. On Tuesday morning, the back-up system (Chicago) was mistakenly still running when the primary system (NYSE) came online. Because the back-up was still running, when the primary site started up some stocks behaved as if trading had already started. This caused significant price dislocations and trading halts.

CNN —The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors shouldn’t abandon ship, Wall Street analysts say. That means that if Congress doesn’t raise the debt ceiling by then, the US could default on its debt. But lawmakers remain in a deadlock about whether to lift their self-imposed borrowing limit: Democrats want Congress to pass a debt ceiling increase without conditions but Republican leadership says that any debt limit increase should be accompanied by spending cuts. Wall Street’s response: A debt ceiling meltdown creates serious risk for investors. Even if the debt ceiling debates are resolved, it’s not a bad idea to have some money invested abroad just in case of upheaval.

☆ Don't rule out further inflation surprises yet, and here are 3 ways for investors to predict them, Goldman Sachs says
▼ + stars: | 2023-01-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Inflation is beginning to moderate in developed markets, but potential data surprises remain a risk to investors. Goldman Sachs suggests three areas that investors can watch in order to help predict these inflation surprises. Commodity prices, currency movements, and regional inflation figures are key areas to look for future surprises. But, according to Goldman Sachs, surprises still abound and can shock markets if too much bullishness is priced in. "The significant slowdown in global headline and core inflation that we anticipate in 2023 will likely eventually lower market sensitivity to inflation surprises," Goldman analysts wrote.

☆ NYSE says Tuesday's trading glitch due to 'manual error'
▼ + stars: | 2023-01-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The day after a major trading glitch at the New York Stock Exchange open, the NYSE has issued a statement on what happened: "The root cause was determined to be a manual error involving the Exchange's Disaster Recovery configuration at system start of day." Traders noted that both Designated Market Makers (DMMs) and floor brokers appear to have been frozen out of the order book that is used to build the opening print. No opening print was provided in dozens of big-name companies. "It was almost like trading opened without the participation of the floor," one observer who asked to remain anonymous told me. What we know is that dozens of stocks opened at prices well above or below their prior day closing prices.

☆ European shares slip, euro firm as data tees up ECB rate hikes
▼ + stars: | 2023-01-24 | by ( Alun John | ) www.reuters.com time to read: +3 min

REUTERS/StaffLONDON, Jan 24 (Reuters) - The euro held near a nine-month high against the dollar on Tuesday, though European stocks eased after regional business activity data reinforced expectations that the European Central Bank (ECB) will raise rates by a further 50 basis points. S&P Global's flash Composite Purchasing Managers' Index (PMI) climbed to 50.2 this month from 49.3 in December, the first time it has been above the 50 mark since June. "For the ECB, this should seal the deal for a 50-basis point hike next week," said ING economists in a note. The Federal Reserve's rate setting committee concludes its two-day meeting on Feb. 1, with the ECB and Bank of England meeting the next day. The euro , in contrast was steady at $1.0862, just off its nine-month high of $1.0927 hit a day before.

Paying taxes with a credit card to earn a big sign-up bonus or reward points only makes sense if the value exceeds the credit card fee you will be charged. Paying TurboTax convenience fee with a credit cardYou can also pay taxes with a credit card using tax-preparation tools like TurboTax Tax Software. In that case, you won't have the option to pay by credit card through TurboTax; just select "pay by check" and proceed to your preferred IRS-approved payment processor to pay your taxes by credit card. Quick tip: When you pay taxes with a credit card, the transaction is processed as a purchase, not a cash advance — so you'll still earn credit card rewards. How to pay taxes with a credit cardPaying your taxes with a credit card is easy and only takes a few minutes.

☆ Danaher's stock drop looks like a buying opportunity after it reported a solid quarter
▼ + stars: | 2023-01-24 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

When excluding the impact of declining Covid testing sales — but keeping in revenue from products that support vaccines and therapeutics — Danaher's base business saw core growth of 7.5%. Guidance Management expects overall core revenue growth to be down mid-single-digits on a percentage for the first quarter. For the full year 2023, management expects overall core revenue growth to be down mid-single-digits. Previously, only revenues related to Covid testing were excluded. On the call, management pointed to roughly 10% core revenue growth in both North America and Europe.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Club earnings, AMD downgrade, Disney hope
▼ + stars: | 2023-01-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Three quarterly reports before the bell and Club holding Microsoft (MSFT) after the close. Club holding Nvidia (NVDA): Citi sees generative artificial intelligence ChatGPT as a $5 billion to $11 billion opportunity. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Rupert Murdoch abandons plan to recombine Fox and News Corp
▼ + stars: | 2023-01-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +1 min

New York CNN —Rupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his broadcasting and print publishing companies under one roof. Murdoch had proposed the deal last fall, nearly a decade after Fox Corporation and News Corporation split apart in 2013. Fox Corporation operates the right-wing channel Fox News, in addition to Fox Sports and Fox TV Stations. News Corporation is the parent of The Wall Street Journal, New York Post, HarperCollins, and other iconic print publications. Spokespeople for both companies did not immediately respond when asked whether Murdoch had a comment

☆ Wells Fargo gives a bullish endorsement to a beleaguered Disney. We're awaiting Iger's turnaround plan
▼ + stars: | 2023-01-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Wells Fargo on Tuesday said it expects Walt Disney (DIS) to "come out swinging" when the entertainment conglomerate reports fiscal first-quarter results early next month. At the Club, we're slightly more cautious and will be looking closely for a detailed turnaround plan from CEO Bob Iger. We like this setup into the print," Wells Fargo analysts wrote in a research note. Like other investors — including the Club — Trian has expressed frustration over Disney's streaming losses, overspending and a share price decline of more than 44% last year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Dotdash Meredith's CEO explains why its $2.7 billion acquisition of Meredith has been tough as the ad industry gets creamed
▼ + stars: | 2023-01-24 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

CEO Neil Vogel said an ad market slowdown and culture challenges have been hard. IAC-owned Dotdash Meredith is about a year into its $2.7 billion acquisition of magazine giant Meredith, and a rough ad market has made the transition to become a big player for advertisers tough. "The market is hard," said Neil Vogel, CEO of Dotdash Meredith. Dotdash Meredith owns more than 40 brands including People, The Spruce, and Food & Wine. At the same time, the ad market soured last year as advertisers reigned in spending.

Travel insurance weekly rates at a glance:Average premium: $301.00Average trip cost: $5,900.67Average trip length: 16 daysGet your free travel insurance quote with SquareMouth »What is travel insurance? 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. Policy type Average days between purchase to trip Average trip length (days) Average trip cost Average cost of travel insurance Cancellation 53 13 $5,900.67 $362.99 Non-cancellation 16 21 N/A $94.70Source: SquareMouthWhen is the best time to travel? When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Get your free travel insurance quote with SquareMouth »Travel Insurance Rates FAQsHow much does travel insurance cost?

☆ NYSE's Tuesday trading glitch explained — Why some of the trades may be busted
▼ + stars: | 2023-01-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Dozens of stocks opened at prices well above or below their prior day closing prices. Every day, stocks open at the NYSE at or near 9:30 a.m. There is only a single opening price, which is determined by thousands of orders to buy and sell individual stocks. A single price is then quoted at the open and all orders are aggregated into a single opening "auction print." Most likely, the "correct" opening price will be the price when the stocks reopened.

☆ Travel Brand Away Names New CMO, Plans to Boost Its Marketing Budget
▼ + stars: | 2023-01-23 | by ( Patrick Coffee | ) www.wsj.com time to read: +3 min

Away hired Carla Dunham as chief marketing officer as the luggage and travel accessories company tries to make the most of the industry’s pandemic recovery. Ms. Dunham had most recently been chief marketing and merchandising officer at e-commerce delivery startup Foxtrot and previously held high-level marketing roles at retail and fashion businesses including Kate Spade and Amazon Fashion. Carla Dunham, chief marketing officer for Away. Photo: AwayBusiness has picked up again as travelers around the world return to prepandemic activities, according to Ms. Dunham. Ms. Dunham reports to Away co-founder and Chief Executive Jen Rubio.

☆ Jim Cramer says these 6 ‘positives’ could help lift stocks during earnings season
▼ + stars: | 2023-01-23 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday said that several elements could help propel stocks higher, even during what could be an ugly earnings season. Tuesday kicks off a new earnings season featuring some of the biggest companies in technology, retail and consumer goods. Here are the six factors that could help stocks as companies report earnings, according to Cramer:More firms are implementing layoffs. Companies including Microsoft Salesforce Wayfair The U.S. dollar and interest rates peaked last fall. Barclays on Monday upgraded Advanced Micro Devices QualcommCramer cautioned that while earnings season may still not be smooth sailing, any dips in stock price aren't necessarily unwelcome.

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☆ Firms use Google ads to entice small businesses to pay for help the gov't provides free
▼ + stars: | 2023-01-20 | by ( Jesselyn Cook | Jesselyn Cook Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +11 min

Several draw in unwitting customers like Talbot through Google ads that outrank the legitimate SAM.gov page, illustrating the ease of buying visibility on the world’s largest search engine. Google removed the ads for a number of these sites in response to an inquiry for this article but subsequently reversed its decision. “We have strict ads policies that govern the types of ads and advertisers we allow on our platforms,” Google spokesperson Davis Thompson said in a statement. But the Small Business Administration urges people not to spend their precious resources on these services when so many free alternatives exist. She expects new, prominently displayed Google ads to play a part in the problem.

☆ Asia markets fall as Japan's inflation data reaches highest since 1981
▼ + stars: | 2023-01-20 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

People walk down a street in the Chinatown section of Yokohama, Kanagawa prefecture, south of Tokyo, on January 7, 2023. Markets in the Asia-Pacific were set to trade lower on Friday as investors digested Japan's core inflation print, which reached the fastest pace since December, 1981. The Nikkei futures contract in Chicago was at 26,360 while its counterpart in Osaka was at 26,320 against the Nikkei 225's last close at 26,405.23. The yield on the 10-year Japanese Government Bond rose to stand at 0.415%, slightly below the central bank's upper ceiling of its tolerance range. In Australia the S&P/ASX 200 fell 0.11% in its first hour of trade.

[1/2] U.S. Supreme Court police officers stand on the front steps of the Supreme Court building prior to the official investiture ceremony for the court's newest Associate Justice Ketanji Brown Jackson and the start of the court's 2022-2023 term in Washington, U.S. September 30, 2022. The report said the Supreme Court's information security environment was "built fundamentally on trust with limited safeguards to regulate and constrain access to very sensitive information." But it called the court's information security policies "outdated" and recommended that it overhaul its platform for handling case-related documents and remedy "inadequate safeguards" for tracking who prints and copies documents. The Supreme Court's IT systems operate separately from the rest of the federal judiciary. U.S. judiciary officials have said the systems used by federal appellate and district courts also are outdated and need modernization.

The lessors took a hit of almost $10 billion when Russia barred airlines from returning planes hit by Western sanctions to their owners in the West. This has turned the spotlight on other risky markets, most prominently China and Taiwan, where some fear future conflict could cause a similar seizure on a much larger scale. When discussing the Russia losses, most executives speaking at the conference, also touched on China risks. Several executives said the loss of aircraft to Russia would simply feed into risk management models and encourage lessors to be careful about spreading their exposure rather than withdrawing from markets altogether. "Lessors aren't going to be able to abandon higher risk areas because that is what they do," he added.

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