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☆ Three Stock Lunch: PayPal, Amazon and Tesla
▼ + stars: | 2022-12-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Stock Lunch: PayPal, Amazon and TeslaDavid Katz, Matrix Asset Advisors CIO, joins 'Power Lunch' to discuss Katz's investing take on three stocks: PayPal, Amazon and Tesla.

☆ Big Tech stocks set to surge next year after short-term turbulence, says Matrix Asset's Katz
▼ + stars: | 2022-12-23 | 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 EmailBig Tech stocks set to surge next year after short-term turbulence, says Matrix Asset's KatzDavid Katz, Matrix Asset Advisors CIO, joins 'TechCheck' to discuss Katz's outlook for technology stocks, how stock prices can go higher when earnings estimates may fall and more.

☆ Watch CNBC's full interview with Matrix Asset's David Katz
▼ + stars: | 2022-12-23 | 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 EmailWatch CNBC's full interview with Matrix Asset's David KatzDavid Katz, Matrix Asset Advisors CIO, joins 'TechCheck' to discuss Katz's outlook for technology stocks, how stock prices can go higher when earnings estimates may fall and more.

☆ Wall Street landlords who've stockpiled $110 billion are lying in wait for their biggest American home-buying spree yet
▼ + stars: | 2022-12-22 | by ( James Rodriguez | Daniel Geiger | ) www.businessinsider.com time to read: +11 min

Institutional investors have earmarked as much as $110 billion to buy or build single-family homes. Institutional investors now own about 3% of the roughly 20 million single-family-rental homes in the US, according to Roofstock, an online marketplace for single-family investment properties. That would be nearly 9% of the roughly 88 million single-family homes in the US, according to the Census Bureau's most recent statistics from 2020. Better deals expected in the years aheadThere are signs the institutional investors won't have to wait long to begin buying. That leaves between roughly $70 billion and $80 billion that could still flow into the sector.

☆ Lanvin Group to open stores, hunt buys after U.S. SPAC listing
▼ + stars: | 2022-12-15 | by ( Casey Hall | ) www.reuters.com time to read: +3 min

SHANGHAI, Dec 15 (Reuters) - Chinese luxury fashion conglomerate Lanvin Group, owner of the eponymous French fashion brand, said it is scouting for buys and will open new stores, after a New York SPAC listing on Thursday that raised $150 million and valued it at $1.31 billion. U.S.-listed shares of Lanvin opened about 4% higher at $10.25, and more than doubled to $20.25 in early trade. However, we still feel quite happy about what we have achieved in such a challenging environment," Lanvin Group Chairman and Chief Executive Joann Cheng told Reuters in an interview. Group revenue for the company, which was originally known as Fosun Fashion Group before it rebranded as Lanvin Group in October last year, grew 73% year-on-year to 202 million euros ($215 million) in the first half of 2022. Lanvin Group's listing will test investor appetite in less-established luxury groups.

☆ One of New York's largest commercial landlords is spending $1.5 billion to convert office buildings into apartments as office vacancy rates remain elevated
▼ + stars: | 2022-12-10 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

Prior to the pandemic, office buildings were the lifeblood of central business districts across the country. For example, data from commercial real estate giant CBRE shows that about 25% of all New York's offices remain available for lease while other markets, like San Francisco and Boston, face similarly high vacancy rates. Silverstein's move also comes at a time when commercial real estate property values are declining. According to a November study from RentCafe, developers created more than 28,000 apartments through conversion projects in 2021, an increase of 25% when compared to 2020. Sage acquired Econo Lodge and a Travel Lodge in Tacoma, Washington for $14.2 million and plans to convert both buildings into apartments.

☆ Brazil, a Bastion of Hydropower, Is Gaining Traction in Wind and Solar
▼ + stars: | 2022-12-06 | by ( Paulo Trevisani | ) www.wsj.com time to read: +8 min

The government, meanwhile, welcomes renewables projects as they can generate jobs and extra income for communities plagued by poverty. The wave of solar, wind and other clean-energy projects is expected to take market share from historically predominant hydroelectric generation. Wind and solar power are abundant in areas thousands of miles north of metropolitan centers where it is mostly needed, industry officials said. New solar and wind plants are generally welcomed by environmentalists and can often offer much-needed income to small farms. Of this total, 83% is expected to come from renewable sources, including hydro, solar, wind and others.

☆ CNBC Stock World Cup: LVMH vs. Nintendo — who wins?
▼ + stars: | 2022-12-06 | 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 EmailCNBC Stock World Cup: LVMH vs. Nintendo — who wins? In CNBC's Stock World Cup challenge, David Katz of Matrix Asset Advisors weighs in on whether LVMH or Nintendo is a better bet in giving investors a greater total return in the next year.

☆ We think the market will have a P/E expansion even with lower earnings, says Matrix Asset's Katz
▼ + stars: | 2022-12-01 | 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 EmailWe think the market will have a P/E expansion even with lower earnings, says Matrix Asset's KatzDavid Katz, Matrix Asset Advisors CIO, joins 'Power Lunch' to discuss whether market watchers are looking for an earnings slowdown, if it's still time to position yourself defensively and why he likes the stocks he does.

☆ Watch CNBC's full interview with Matrix Asset Advisors' David Katz
▼ + stars: | 2022-12-01 | 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 EmailWatch CNBC's full interview with Matrix Asset Advisors' David KatzDavid Katz, Matrix Asset Advisors CIO, joins 'Power Lunch' to discuss whether market watchers are looking for an earnings slowdown, if it's still time to position yourself defensively and why he likes the stocks that he does.

In the early 2010s, Mr. Mellow set out for still more distant shores, traveling to many famous surf breaks in the South Pacific. Mr. Abdul-Rashed and Mr. Danian traveled to Hawaii to connect with Mr. Mellow, their spiritual guide and Pacific expedition leader. Mr. Mellow posted an ad on Facebook and Craigslist offering $10,000 for passage to the South Pacific. Mr. Schmidt was in sync with the young seekers when it came to fear of Big Brother and vaccines, but dreading port officials brandishing nasal swabs struck even Mr. Schmidt as a little unhinged. When asked if he was at all responsible for what had happened to Mr. Danian and Mr. Abdul-Rashed, Mr. Mellow looked genuinely confused.

☆ Elon Musk puts an end to some Twitter perks, limits expenses due to company's 'challenging' financial situation
▼ + stars: | 2022-11-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +11 min

The email also addressed new policies on free food at Twitter, vacation time and other processes. "The future of Twitter is super bright if we can work together to be wise stewards of the company's resources." In addition to these and other changes detailed in the email, Twitter employees are expected to work in the office everyday as of Monday, the day the email was sent. "Allowances will be reevaluated over time and may be added back when the company's financial situation improves," the email noted. Meaning Twitter employees will now have to pay for much of the food the company will offer, where before everything was free.

☆ This Is Your Brain on ‘Deep Reading.’ It’s Pretty Magnificent. - The New York Times
▼ + stars: | 2022-11-22 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +57 min

But if over time, we have begun to elaborate this brain so that it includes deep reading, the unnatural apex of the achievement of reading is what deep reading provides. And every time I get off of a plane, I say to myself, I’m going to do that more. I’m going to sit and I’m going to have quiet time with a book. I’m going to bring this to me in a second, so I’m not just putting this on little kids. maryanne wolfThe first thing I do is understand the purpose of whatever I’m reading.

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☆ Twitter won't restore Alex Jones' account, Musk says
▼ + stars: | 2022-11-21 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Washington CNN Business —Conspiracy theorist Alex Jones won’t be returning to Twitter and will remain banned from the platform, according to its new owner, Elon Musk. Musk declared on Friday that Jones’ account will not be restored, in spite of some users’ requests, and spent the weekend defending the decision even as Twitter moved to restore other suspended accounts including that of former President Donald Trump. “No,” Musk tweeted flatly in response to one user’s call for Jones to be reinstated on Twitter. “Don’t blame Musk at the end of the day because he didn’t bring me back,” Jones urged his followers. On Nov. 9, Musk told advertisers during a Twitter Spaces event that it could be months before the council meets for the first time.

☆ TikTok is still hiring despite the tech downturn. Here's how much it pays for hundreds of engineering, marketing, and other US jobs.
▼ + stars: | 2022-11-18 | by ( Ashley Rodriguez | Dan Whateley | ) www.businessinsider.com time to read: +42 min

Insider analyzed US work-visa data to gauge salary levels at TikTok and parent company ByteDance. The data show TikTok and ByteDance offered staffers on US work visas $30 an hour to $400,000 a year. And TikTok has begun to get into its stride with advertisers who are now taking it more seriously as a marketing platform. Based on the data, TikTok and ByteDance offered from late-2020 to mid-2022 base salaries ranging from $30 per hour to $400,000 per year for various roles. TikTok's median annual base salary was roughly $184,000 per year, based on data from 319 foreign-labor certification applications.

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☆ The US military is scrambling to build more ammo for itself and for Ukraine, but old Army paperwork could get in the way
▼ + stars: | 2022-11-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The issues come to light as the Pentagon is scrambling to ramp up its production of munitions. US military ammunition production — including of bullets, howitzer and mortar shells, and small rockets — is overseen by the Army. Workers with 155 mm artillery rounds at Iowa Army Ammunition Plant in October 2020. Workers perform .50-caliber linked-round inspection at Lake City Army Ammunition Plant in June. A worker inspects rocket tube propellant at Radford Army Ammunition Plant in May 2022.

☆ Apartment conversions jumped 25% over the past two years, meaning that swanky place you're renting likely used to be an office space, hotel room, or church.
▼ + stars: | 2022-11-08 | by ( Robert Davis | ) www.businessinsider.com time to read: +4 min

Developers converted more old buildings into rentals than ever before between 2020 and 2021. Developers are targeting a range of building types, from office buildings to churches. That represents a 25% increase over the more than 22,300 apartments developers converted between the years of 2018 and 2019, prior to the pandemic. "Larger office buildings in abandoned central business districts are better suited to conversion than the often-smaller office complexes distributed around the suburbs." Local governments have gotten behind the trend by creating incentives for conversion projects.

☆ Katz: The bulk of the stock market damage has been done
▼ + stars: | 2022-11-07 | 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 EmailKatz: The bulk of the stock market damage has been doneDavid Katz, Chief Investment Officer at Matrix Asset Advisors, joins Worldwide Exchange to discuss why he's bullish on equities.

☆ Nike execs have become some of the hottest hires in sportswear, triggering a talent war among rivals like Lululemon, North Face, and Columbia — and raising fears of a brain drain
▼ + stars: | 2022-11-07 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

Nike alums lead numerous brands, including Lululemon, Allbirds, Columbia Sportswear, and The North Face. Tim Sheerin, the senior vice president of global wholesale at Columbia Sportswear, at an investor day event this year. The trend has accelerated in recent years, with competing sportswear companies including Lululemon and Allbirds opening offices in Portland, Oregon. While sportswear companies are a natural fit for former Nike executives, nonathleticwear companies also have hired from Nike's top ranks. Crocs, which named the former Nike vice president Emma Minto the senior vice president of the Americas in 2020, also has been on a hot streak.

☆ Fintech startup Ampla buys Upside Financing to launch a buy now, pay later service for consumer-facing businesses
▼ + stars: | 2022-11-01 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

It closed the deal to buy Upside Financing, which extends payment terms for companies, in October. The new buy now, pay later service will be called Ampla Pay Later and be available soon. With funding to fintech startups in a freefall, acquisitions in the buy now, pay later space have started to heat up. Upside will bring all of its employees to Ampla, with Mares heading Ampla Pay Later. "And the larger the burden for brands, [BNPL] provides another option for consumer brands to grow more efficiently and responsibly."

☆ Fact Check-Rishi Sunak’s colour-changing ring binder was not a glitch in the matrix
▼ + stars: | 2022-10-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Many users have suggested the clip reveals a “glitch in the matrix”, a reference to a conspiracy theory inspired by the Matrix science-fiction film franchise. Believers say people can tell that everything around them is simulated by watching out for errors or glitches in the alien programming – like something suddenly changing colour. The video clip of Sunak was taken from a March 9, 2020, report by Sky News (here) about Britain’s budget plans. But this was a visual effect made to make an editorial point, not a sign of a glitch in any matrix. It involved “just a small colour switch to emphasise the need for a green budget.

☆ Earnings Exchange: CSX, SNAP & VZ
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings Exchange: CSX, SNAP & VZDavid Katz, Matrix Asset Advisors CIO, joins ‘The Exchange’ to discuss three stocks ahead of earnings: CSX, Snap Inc. and Verizon.

☆ We moved from Arizona to upstate New York after droughts and wildfires scared us into meticulously researching the most climate-resilient spots in America
▼ + stars: | 2022-10-20 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Charles Matheus, 55, and Kelly Roberge, 54, lived in Prescott, Arizona, for over eight years. This as-told-to essay is based on a conversation with Charles Matheus, a leadership consultant, and Kelly Roberge, who works in communications and graphic design. They were renting in Prescott, Arizona, when fears over the climate crisis prompted them to search for a new home. The spreadsheet that Matheus and Roberge used to evaluate and rank their relocation options. Courtesy of Charles Matheus and Kelly RobergeWe looked at Harrisburg and Pittsburgh in Pennsylvania.

☆ Fidelity, HDFC Mutual eye India's Five Star IPO at lower valuation - sources
▼ + stars: | 2022-10-13 | by ( M. Sriram | ) www.reuters.com time to read: +2 min

The shadow lender's last funding round in December 2021 was closed at a valuation of 220 billion Indian rupees, roughly $3 billion at the time. Fidelity and India's HDFC Mutual Fund, among others, are in in talks with Five Star to invest in the so-called anchor book of the IPO but at a company valuation of 160 billion rupees, due to weak market sentiment, the sources said. Five Star is planning to list in the last week of October, which coincides with Diwali, a popular Indian festival. Two sources, however, said that the company was closely tracking the ongoing stock market weakness in India before finalising a date. For the fiscal to March 2022, Five Star recorded a net profit of 4.5 billion Indian rupees ($55.14 million) on a total income of 12.5 billion Indian rupees ($152.74 million), growing about 20% year-on-year, according to its annual report.

☆ Unilever is losing its CEO Alan Jope as the company finds itself at an inflection point. Insiders have questioned the massive reorganization and the entrenched 'too nice' culture he presided over.
▼ + stars: | 2022-09-28 | by ( Alex Bitter | Ellen Thomas | ) www.businessinsider.com time to read: +9 min

Editor's note: On Sunday, Unilever said that CEO Alan Jope will retire at the end of 2023. It looks at some of the challenges that Jope and Unilever faced in streamlining its structure through the reorganization, including a culture that is 'too nice' at times. Two of the five divisions remain focused on food products, an area that CEO Jope said Unilever considered spinning off. One former Unilever executive pointed to Fernando Fernandez, who will assume the top job at the company's new beauty and wellbeing division. Fernandez has been Unilever's executive vice president for Latin America since 2019 and held other jobs with the company in the region before that.

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