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☆ U.S. retail sales fall after hefty gains; labor market still tight
▼ + stars: | 2022-12-15 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

Economists also noted that goods prices tumbled in November, which could have weighed on retail sales last month. Retail sales fell 0.6% last month, the biggest drop since December 2021, after an unrevised 1.3% jump in October. Online retail sales decreased 0.9%, which was at odds with reports of strong Black Friday sales. Sales at food services and drinking places, the only services category in the retail sales report, increased 0.9%. Data for October was revised lower to show these so-called core retail sales increasing 0.5% instead of 0.7% as previously reported.

☆ Retail sales fell 0.6% in November as consumers feel the pressure from inflation
▼ + stars: | 2022-12-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Retail sales for the month declined 0.6%, even worse than the Dow Jones estimate for a 0.3% drop. Stock market futures added to losses following the report, with futures tied to the Dow Jones Industrial Average off about 350 points. On a year-over-year basis, retail sales increased 6.5%, compared to a CPI inflation rate of 7.1%. In other economic news Thursday, the Labor Department said weekly jobless claims fell to 211,000, a decline of 20,000 from the previous period and well below the Dow Jones estimate for 232,000. Also, separate surveys from regional Federal Reserve districts showed contraction in manufacturing activity in December.

Of seven new dams planned in Laos, at least four are co-financed by Chinese companies, according to Mekong Dam Monitor data. 'WAKE-UP CALL'Farmers in the Vietnamese Mekong River Delta region were not prepared for the speed at which their landscape - and fortunes - have changed. The Mekong River Commission estimated in 2018 that total sediment flow by now would be around 47 million tonnes per year. "Mainstream dams catch everything," said economist Brian Eyler at the Stimson Center, which runs the Mekong Dam Monitor. The Xayaburi and Don Sahong dams in Laos are the most recent to come online, with Xayaburi the largest on the entire Mekong River.

☆ Did That Hit Arrive in 2022 or 1987? This Year, It Was Hard to Tell.
▼ + stars: | 2022-12-14 | by ( Jon Caramanica | ) www.nytimes.com time to read: +12 min

Turns out it’s the same sample, a sleight of ear designed to trigger warm nostalgia, and also maybe a little confusion. Even its video is optimized for recognition, with Santana doing the same stomp Beyoncé does in hers, in an almost identical outfit. Throughout 2022, that gambit has been deployed again and again — by pop singers and rappers, established stars and newbies. Here, old songs — hip-hop classics, pop novelties and more — are scrunched and stretched sometimes to the point of absurdity. These songs are concessions that say the quiet part out loud — everyone has always been borrowing voraciously, from everyone else, constantly.

☆ Critical inflation report could be the key to the week ahead, as the Fed meets
▼ + stars: | 2022-12-09 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Inflation and a hawkish Fed "I think the data can influence his press conference and how hawkish he is," said NatWest Markets' John Briggs. "If you get a higher CPI report on the back of that, it could create some significant market instability ahead of the Fed meeting." Recession fears "If you're more worried about recession than inflation, that means you bring in more bond buyers than sellers," he said. Retail sales, industrial production, and the Philadelphia Fed manufacturing survey as well as the Empire State manufacturing survey are released Thursday. Import prices 2:00 p.m. Fed statement and projections 2:30 p.m. Fed Chairman Jerome Powell briefing Thursday Earnings: Adobe, Jabil 8:30 a.m.

☆ I went to Starbucks' newest flagship store in the Empire State Building and had one of the best coffees I've ever tasted, but I probably won't be back
▼ + stars: | 2022-12-07 | by ( Brittany Chang | ) www.businessinsider.com time to read: 1 min

But for people who are already fans of the brand, going to a Reserve is the equivalent of going to Disneyland. It's an immersion into a brand they love. Brittany Chang/Insider

☆ New York Democrats Help GOP to a Congressional Majority
▼ + stars: | 2022-11-26 | by ( Tunku Varadarajan | ) www.wsj.com time to read: 1 min

The Republican Party has eked out a slender House majority, likely 222-213, four members more than are needed for control. The GOP should direct its gratitude to Misha Tseytlin , a soft-spoken Chicago lawyer who helped engineer the margin of victory in an unlikely place—New York state. Kathy Hochul approved a gerrymandered electoral map drawn by Albany Democrats that could have handed them victory in as many as 22 of the Empire State’s 26 districts. Mr. Tseytlin, 41, filed suit the same day, arguing that the map violated a 2014 constitutional amendment against gerrymandering that had been championed by, among others, the late former New York City Mayor Ed Koch , a Democrat. The state Senate at the time was under Republican control, the Assembly was Democratic, and Democrat Andrew Cuomo was governor.

☆ New York governor signs first-of-its-kind law cracking down on bitcoin mining — here's everything that's in it
▼ + stars: | 2022-11-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Kathy Hochul signed a law Tuesday banning certain bitcoin mining operations that run on carbon-based power sources. "The bitcoin mining industry is actually leading in terms of compliance with that Act." "Our customers are being scared off from investing in New York state," said Foundry's Zhang. "Bitcoin mining operations are providing high-paying and high-grade, great jobs for local communities. "Other blue states often follow the lead of New York state and this would be giving them an easy template to replicate," said Foundry's Zhang.

I've since built wealth through real estate, but can't bring myself to buy life insurance of my own just yet. But on the whole, real estate has been a great way to have invested the proceeds from my father's life insurance policy and inheritance. Now that I am a mom, I know that I should probably get a life insurance policy of my own. For now, my "insurance policy" is aiming to take excellent care of my body, mind, and finances. Life insurance was a moving gift from my dad.

☆ My life in NYC revolved around drinking. After I got laid off from Hinge, I moved across the country and started a non-alcoholic wine brand. I'm never going back.
▼ + stars: | 2022-11-18 | by ( Hannah Towey | ) www.businessinsider.com time to read: +8 min

During the pandemic, she moved across the country and started a non-alcoholic wine company. After I was laid off, I started a non-alcoholic wine companyCourtesy of Molly FedickIn December of 2020, I was laid off from Hinge along with a few other people on the marketing team. It was during that time that I came up with the idea for my business Buzzkill Wines, which is a non-alcoholic wine company. So when I stopped drinking, I Googled non-alcoholic wine. I love how inclusive the "sober-curious" movement isLondon's first adult non-alcoholic drink store.

☆ New York Democrat Rep. Jamaal Bowman says it's 'gangster' that the top Democrats in Congress could both be from New York City
▼ + stars: | 2022-11-17 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Rep. Jamaal Bowman chuckled when asked about New York City's impending moment of power. Pelosi's decision to step down from leadership means the top two Democrats could both hail from New York. House Democrats won't formally elect their new leaders until new elections are held in the coming weeks. Pelosi announced that while she will be stepping down from party leadership, she will remain in Congress. Her announcement set into motion a massive overhaul for the top 3 House Democrats, ushering in a new generation of party leadership.

Democrats could have prevailed had their state party — which was busy deflecting progressive criticism of their conduct — marshaled better infrastructure and financial support for swing-district candidates. The icing on this rotten cake is that New York Democrats have no one to blame but themselves. Facing challenging new maps, Maloney and his moderate allies panicked that many of the popular progressives who had already announced their candidacies simply could not win. In a moment of exceptional self-unawareness that only underscored the broader myopia of establishment New York Democrats, Maloney took the news of his loss Tuesday as an opportunity to swipe at Ocasio-Cortez. Seth Wenig / AP fileBetween interparty bad blood and challenging electoral maps, the Democratic Party machine also appeared uninterested or unable to translate Democratic enthusiasm into meaningful on-the-ground organizing.

☆ Wholesale prices rose 0.2% in October, less than expected, as inflation eases
▼ + stars: | 2022-11-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday. The monthly increase equaled September's gain of 0.2%. Excluding food, energy and trade services, the index also rose 0.2% on the month and 5.4% on the year. Hopes that inflation is at least slowing spiked last week when the CPI showed a monthly gain of 0.4%, lower than the 0.6% estimate. The central bank has hiked its benchmark borrowing rate six times year for a total of 3.75 percentage points, its highest level in 14 years.

☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
▼ + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +10 min

This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.

☆ Kathy Hochul Is the First Woman to Be Elected New York’s Governor
▼ + stars: | 2022-11-09 | by ( Jimmy Vielkind | ) www.wsj.com time to read: 1 min

New York Gov. Kathy Hochul became the first woman elected to lead the Empire State after she defeated Republican U.S. Rep. Lee Zeldin , according to the Associated Press, in a closer-than-expected race that caught the attention of national Democrats. While there are twice as many enrolled Democrats in the state as Republicans, polls showed the race tightening in October and Ms. Hochul’s margin of victory was less than 10%, according to the state Board of Elections. That marks the best showing by a GOP gubernatorial candidate since George Pataki secured the last Republican statewide win in 2002.

☆ Live Results: New York votes in congressional and state elections
▼ + stars: | 2022-11-08 | by ( Walt Hickey | ) www.businessinsider.com time to read: +1 min

Explore more race results below. Polls close in the state at 9 p.m. Eastern Standard Time. It symobilizes the 2022 Election. NY-03NY-18NY-19NY-22NY-01NY-17 HouseNew Yorkers head to the polls in one of the most consequential election seasons the Empire State has had in years. Polls close in the state at 9 p.m. Eastern Standard Time.

☆ Senate Majority Leader Chuck Schumer, who is fighting to retain Democratic control of Congress' upper chamber, faces off against Republican Joe Pinion
▼ + stars: | 2022-11-08 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Explore more race results below. Democratic Sen. Chuck Schumer is running against Republican Joe Pinion in New York's Senate race. Schumer is working to extend his run as senate majority leader by at least two more years. NY-03NY-18NY-19NY-22NY-01NY-17 HouseSenate Majority Leader Chuck Schumer seeks a 5th Senate term — and some much needed breathing room in the 50-50 Senate — while facing off against longshot Republican hopeful Joe Pinion. Voting history in New YorkSchumer has held the seat since 1999, serving as Senate minority leader throughout the Trump administration.

2020 boundaries Miami Beach Detail Miami Kendall 2022 boundaries The 27th District’s redrawn boundaries now include Republican areas west of Miami. 2020 boundaries 2022 boundaries The 27th District’s redrawn boundaries now include Republican areas west of Miami. Miami Beach Detail Miami Miami Kendall Kendall Miami Beach, which largely voted for President Biden, is now part of another district. 2020 boundaries 2022 boundaries Florida Florida The 27th District’s redrawn boundaries now include Republican areas west of Miami. Detail Miami Beach Miami Miami Kendall Kendall Miami Beach, which largely voted for President Biden, is now part of another district.

☆ Starbucks is opening an upmarket 3-floor store in the Empire State Building selling cocktails and offering coffee-making workshops
▼ + stars: | 2022-10-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The Starbucks Reserve store will sell hot drinks, cocktails, and food — some of which will be exclusive to the store. The store, set to open on November 16, will be in the Starbucks Reserve format. A Starbucks Reserve store in Shenzhen, China. A barista makes coffee at a Starbucks Reserve coffee store in Shanghai, China. The nearby New York Reserve Roastery, just a five-minute walk away, has a similar menu but at higher prices.

☆ October's wild trading could give way to a new stock rally, as earnings roll out in the week ahead
▼ + stars: | 2022-10-14 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

But Emanuel sees the chance for a 17% to 20% rally in the S & P 500. The S & P 500 was down about 0.9% for the week, as of Friday afternoon, and it was hovering just above 3,600. S & P 500 earnings are expected to grow by 3.6% for the third quarter, based on actual reports and estimates, according to Refinitiv. Without the boost from more than doubling profits from energy companies, S & P earnings would decline by 3.1%. Week ahead calendar Monday Earnings: Bank of America , Bank of NY Mellon, Charles Schwab 8:30 a.m.

☆ 'If you can make it here...' - runners race up Empire State building
▼ + stars: | 2022-10-07 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Oct 7 (Reuters) - While some New Yorkers are taking pains to avoid returning to the office, others are racing to the top of the Empire State Building. The iconic New York landmark played host Thursday evening to the 44th annual Empire State Building Run-Up. Register now for FREE unlimited access to Reuters.com Register1/3 Runners compete in the 44th Annual Empire State Building Run-Up the 86 floors to the 86th floor observatory of the Empire State Building in New York City, U.S., October 6, 2022. REUTERS/Shannon Stapleton Read MoreThe men saw a repeat champion in Malaysian tower runner, Soh Wai Ching, while Cindy Harris of Indianapolis was a repeat winner for the women's race. "This really means a lot to me," Soh Wai Ching said.

☆ UK's Truss calls on like-minded nations to unite against authoritarianism
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

British Prime Minister Liz Truss speaks to the media at the Empire State building in New York, U.S., September 20, 2022. REUTERS/Toby Melville/PoolNEW YORK, Sept 20 (Reuters) - British Prime Minister Liz Truss will call on like-minded nations to combat authoritarianism together, drawing on Russia's invasion of Ukraine to underline the need to push back against those "who weaponise the global economy". Truss, at the U.N. General Assembly on her first international trip as Britain's new prime minister, has been a vocal supporter of Ukraine since Russia's invasion. She will repeat a commitment to increase defence spending to 3% of Britain's gross domestic product by 2030. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Toby Melville, writing by Elizabeth Piper; Editing by Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.

☆ Downtown Circle: Dubai architects design a massive ring to encircle the Burj Khalifa
▼ + stars: | 2022-09-09 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +6 min

ZNera Space’s principal architects, Najmus Chowdry and Nils Remess, envision Downtown Circle as a horizontal stroke against Dubai’s vertiginous, futuristic skyline of seemingly endless skyscrapers. An ever-changing skylineAs compelling and radical a design the Downtown Circle may be, it is – for now – practically and financially implausible, Chowdry and Remess admit. Downtown Circle would draw power from both solar and solar-hydrogen cell systems. Part of the design concept includes an electric tram system suspended around the bottom of the structure. ZNera SpaceThe design was drawn up to align with Dubai’s optimistic masterplan for a sustainable urban environment by 2040.

☆ The ultimate guide to cannabis legalization in New York: The key dates to know, and which stocks could benefit the most.
▼ + stars: | 2022-08-19 | by ( Yeji Jesse Lee | Jeremy Berke | ) www.businessinsider.com time to read: +8 min

In the Empire State, recreational marijuana sales could balloon to $7 billion once the market is fully established. The state's limited medical cannabis program has also seen expansion under the new adult-use bill. The list of qualifying medical conditions for medical cannabis was expanded, along with product options. The exceptions to this may be existing medical operators wishing to transition to adult-use and microbusinesses. Analysts say this makes sense as the industry matures and cannabis companies begin to think of themselves as consumer product companies.

Among the most important are quarterly and annual reports, which under U.S. securities law are known as Form 10-Q and Form 10-K, respectively. Annual reports, in particular, are the best places to begin homework into a company you may invest in. It's important to scrutinize a few years' worth of annual reports, too. The Semiconductor Industry Association's annual reports may be helpful to read as a supplement to your company-specific research. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

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