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☆ Mediobanca sells bad loan purchase business ahead of new plan
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +2 min

Banca IFIS (IF.MI) agreed to buy Revalea, a unit Mediobanca set up last year by separating purchasing from management of bad debts. It was the second deal announced by Mediobanca in days as it prepares to present a new business plan through 2026 on Wednesday. Revalea, with a staff of 22, holds 6.8 billion euros in unsecured bad loans, which have a net book value (NBV) of 256 million euros. However, by freeing the bank of bad loans, the deal will add around 10 basis points to core capital, it said. The acquisition will allow IFIS to achieve a bad loan purchase target of 30 billion euros in gross terms and 1.8 billion net set out under its 2022-2024 plan.

☆ Ford announces key EV minerals deals ahead of crucial capital markets day
▼ + stars: | 2023-05-22 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

A Ford F-150 Lightning Platinum electric truck during the 2022 New York International Auto Show (NYIAS) in New York, U.S., on Thursday, April 14, 2022. The company is set to outline its path to both goals during its capital markets day Monday. EnergySource Minerals said it has agreed to provide Ford with lithium hydroxide from a new site in Imperial Valley, California, expected to be operational in 2025. The project is expected to produce about 20,000 metric tons of lithium annually. Canadian miner Nemaska Lithium has agreed to supply Ford with up to 13,000 tons of lithium hydroxide per year over 11 years.

☆ A blogger who started off posting photos of LA's high-design homes on Instagram became a real-estate agent who turned his 99,000 followers into $200 million in sales last year
▼ + stars: | 2023-05-22 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

He started a design-focused Instagram account, Take Sunset, that has almost 100,000 followers. Now he runs a team of agents named after the account that closed $200 million in deals in 2022. The couple still live in the house Kallick helped them purchase. He said the Instagram account still generates multiple leads — sometimes even from celebrities. Prospective buyers might reach out thinking they only want to see midcentury homes.

☆ Housing market will be 'sideways' until mortgage rates get to low 6%, says Compass CEO
▼ + stars: | 2023-05-18 | 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 EmailHousing market will be 'sideways' until mortgage rates get to low 6%, says Compass CEORobert Reffkin, Compass CEO and co-founder, joins 'Squawk on the Street' to discuss if the economy is on the upswing in the housing market, whether the market should be worse, and what happens with NAHB's Prospective Buyers Traffic data if there's relief in rates.

☆ Planning for your dream job doesn't actually work, says millionaire bestselling author: You need a 'compass,' not a 'map'
▼ + stars: | 2023-05-17 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Conventional wisdom says that to be successful, you should build a career plan: Map out where you are now, where you want to be and the steps you'll need to take to get there. Godin, a bestselling author and millionaire entrepreneur often dubbed a "marketing guru," says his accomplishments feel fulfilling specifically because he's never followed a predetermined path. His advice: Use "a compass and not a map," he recently told LinkedIn CEO Ryan Roslansky's "The Path" newsletter. "I got 800, 900 rejection letters in a row, and it was more than a year before anyone wanted to publish my next book," Godin said. With a career map, Godin might have pursued entrepreneurship more single-handedly, never authoring that first book on the side and discovering a passion for writing.

☆ A Russian warlord posed over the body of a US Army vet killed in Ukraine — then bizarrely said he'd send him back to America draped in a flag as a sign of respect
▼ + stars: | 2023-05-17 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +3 min

Wagner mercengary leader Yevgeny Prigozhin posed over the dead body of a US Army veteran in Ukraine. Prigozhin bizarrely said the mercenary group would send the body back to the States covered in an American flag. The video appeared to show American documents that identified the fallen soldier as retired Army Staff Sgt. In the video, Prigozhin oddly said the group will send the body back to the US covered in an American flag as an act of respect. In a June 2022 interview with the Idaho Statesman, Maimer said he felt a calling to go and help when the war broke out.

☆ Opinion: The dubious MLK Jr. quote about Malcolm X
▼ + stars: | 2023-05-15 | by ( Opinion Peniel E. Joseph | ) edition.cnn.com time to read: +10 min

Martin Luther King Jr. and Malcolm X, long a contentious backdrop to the history of civil rights and anti-racist activism in America, is under new scrutiny after the bombshell news that a quote denigrating Malcolm X, published in Playboy and attributed to King, is apparently fraudulent. This new information adds to the ongoing rethinking of the relationship between King and Malcolm X. Of course, this is not to suggest that we stop teaching “The Autobiography of Malcolm X” since all memoir and autobiography is an act of literary creation. The complexity of his relationship to Malcolm X is handled judiciously. Balancing the bitter and beautiful parts of the relationship between King and Malcolm X helps us come to terms with past and contemporary historical traumas.

☆ Is it possible to have compassion for billionaires? 'Succession' fans and 'empathy scholars' weigh in
▼ + stars: | 2023-05-14 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +6 min

The list of deplorable acts carried out by the Roy family is lengthy — blackmailing, covering up sexual assaults, murder. With what we know about the Roy family and the people who orbit them, one might find it hard to muster any compassion for these characters. He doesn't believe the show will inspire empathy for the ultra-wealthy, but it could for some of the struggles the Roy family has. 'I shouldn't have empathy for them, but I feel like do'For Succession fans, the Roys' wealth is a mental hurdle, but not an insurmountable one. Chase Shiflet 'Succession' fanMandy Weiss, 34, can conjure empathy for all the characters, including some of the more peripheral ones.

☆ A beloved restaurateur turned a white home into an over-the-top pink-and-green paradise that found a buyer in just 6 days after a bidding war. See inside.
▼ + stars: | 2023-05-10 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Upstairs on the Square restaurateur Deborah Hughes just listed her Victorian house for $1.4 million. Hughes decorated the three-bedroom with neon colors, lively patterns, and fun details over 21 years. The home drew 100 open-house visitors, a Zillow Gone Wild post, and a viral TikTok in six days. Located in Somerville, a smaller city four miles outside of Boston, the three-bedroom house decorated in a riot of colors and patterns hit the market for $1.475 million on May 3. Hughes is known locally as the co-owner of Upstairs on the Square, a beloved, fancifully decorated, and now-closed restaurant in nearby Harvard Square.

☆ Final Trades: Compass, Datadog, Transocean & more
▼ + stars: | 2023-05-10 | 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 EmailFinal Trades: Compass, Datadog, Transocean & moreThe "Halftime Report" traders give their top picks to watch for the second half.

☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

☆ How to identify the 12 stages of burnout before it gets out of control
▼ + stars: | 2023-04-26 | by ( Melody Wilding | ) www.businessinsider.com time to read: +6 min

She describes the 12 stages of burnout, a model developed by psychologist Herbert Freudenberger. There are actually 12 stages of burnout. Stage 1: Excessive ambitionThe first of the 12 stages of burnout begins in a seemingly harmless way – with enthusiasm toward your work. Stage 12: Full burnout syndromeFull Burnout Syndrome occurs when you reach a breaking point. Take a moment to reflectWhich of the 12 stages of burnout do you see yourself in?

CNN —Harry Belafonte, the dashing singer, actor and activist who became an indispensable supporter of the civil rights movement, has died, his publicist Ken Sunshine told CNN. Bettmann Archive/Getty Images Belafonte, left, plays a school principal in a scene from the film "See How They Run" in 1952. Bettmann Archive/Getty Images Belafonte poses with the Emmy Award he won in 1960 for the musical special "Tonight With Belafonte." Fred Sabine/NBCU/Getty Images Belafonte and other recipients of Albert Einstein Commemorative Awards display their medallions after being honored in 1972. He is survived by his wife Pamela, his children Adrienne Belafonte Biesemeyer, Shari Belafonte, Gina Belafonte, David Belafonte, two stepchildren Sarah Frank and Lindsey Frank and eight grandchildren.

☆ Compass CEO: Homebuyers have accepted 6% mortgage rates as the new normal
▼ + stars: | 2023-04-20 | 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 EmailCompass CEO: Homebuyers have accepted 6% mortgage rates as the new normalRobert Reffkin, Compass co-founder and CEO, joins 'Squawk on the Street' to discuss the data behind Compass' quarterly earnings results, if there's been movement in home prices, and more.

☆ China is succeeding in the Middle East because it learned from watching the US fail there for 20 years
▼ + stars: | 2023-04-18 | by ( Natalie Armbruster | Defense Priorities | ) www.businessinsider.com time to read: +6 min

Conversely, China is clear-eyed about its interests in the Middle East and, more importantly, their limits. In fact, most of China's Belt and Road Initiative investments in the Middle East hinge on ensuring free trade in the Middle East and a steady energy supply, not security. As international scrutiny builds surrounding the Uyghur crisis, China is particularly keen on finding partners in the Middle East who will exchange silence for investment. With Saudi Arabia, which has its own skeletons in its closet, such a trade is tempting. Instead of resorting to undue threat inflation, the United States may benefit from a corrective course on its history in the Middle East thus far.

☆ Torch Capital's founder has some advice for startup founders: Down rounds aren't such a bad thing right now. Here's why.
▼ + stars: | 2023-04-17 | by ( April Joyner | ) www.businessinsider.com time to read: +3 min

Jonathan Keidan founded VC firm Torch Capital, which backed Ro and recently raised $200 million. Good founders will opt for down rounds over deal terms that could come back to bite, he says. As venture capital funding plummets and investors tighten their purse strings, Jonathan Keidan has a word of advice to startup founders: It's OK to take a down round. Most of the founders Torch has backed, Keidan said, are still steering clear of the relatively sluggish market. "You can roll up your sleeves and really help them, which has been critical in this environment," Keidan told Insider.

☆ One of the most important conservative think tanks is changing its tune on the free market and state power to keep up with the 'New Right' ushered in by Trump and DeSantis
▼ + stars: | 2023-04-16 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +7 min

A recent report published by the think tank outlines how government could play a greater role in the economy. The foundation is trying to keep up with American right's turn away from free markets with Trump and DeSantis. On the other side are libertarian conservatives like Sen. Rand Paul who opposes interfering with free markets. The Reaganite fusion of free markets, social traditionalism, and anti-communism "is fundamentally dead," Geoff Kabaservice, vice president of political studies at the market-oriented think tank Niskanen Center, told Insider. Heritage's president, Kevin Roberts, took over in 2021 and has aligned the think tank much more with the New Right, which is home to figures like Florida Gov.

As a result, the stakes of the inaugural trip by German Foreign Minister Annalena Baerbock have risen, with many EU members hoping Berlin will use this opportunity to set out a clear and united EU line on China, analysts said. Baerbock must now make Germany's position on Taiwan clear during her visit, German foreign policy parliamentarian Nils Schmid told Reuters, adding Macron's remarks had destroyed a hoped-for impetus for a common European China policy. The foreign minister is due to meet her counterpart Qin Gang and China's top diplomat Wang Yi on the two-day trip. Europe's view of China as partner, competitor and systemic rival is the compass of its policy, she added. "More von der Leyen than Macron should be her guideline," conservative foreign policy lawmaker Johann Wadephul, who will join Baerbock on her trip, told Reuters.

☆ Florida is ground zero for moving scams where companies demand extra fees — or steal your stuff
▼ + stars: | 2023-04-12 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Moving company scams are on the rise, and almost half originate in Florida. But the Sunshine State is also increasingly home to scammers operating fraudulent moving companies targeting Florida residents and people across the country. No one's regulating," Susan Chana Lask, a New York-based consumer rights attorney who settled a lawsuit last year with a Florida-based moving company, told Insider. Her office announced last November that it had shut down 19 fraudulent moving companies and recovered $27 million in fines and restitution from the scammers. The sharp increase in moving scams across the country has also prompted the Biden administration to announce it's taking action.

[1/2] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Many teem with lithium, calcium and other minerals, and DLE technologies aim to separate out the lithium and leave the rest. LITHIUM METAL FROM BRINEEnergyX has said its technology can make lithium metal directly from brine, a tantalizing prospect for GM that could let the automaker bypass lithium refining, which is widely seen as a key supply chain bottleneck. The EnergyX investment comes after GM in January agreed to pay $650 million to become the largest shareholder in Lithium Americas Corp (LAC.TO), which is developing the Thacker Pass clay lithium project in Nevada. "This GM investment will completely change the trajectory of EnergyX," said Teague Egan, the startup company's founder and chief executive.

☆ I used Turo to scale my business by renting out 6 'bread-and-butter' vehicles. Last year I made $72,000 and I earn money even when I'm not physically working.
▼ + stars: | 2023-04-11 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

After getting laid off, Lavell Riddle started driving for Uber and Lyft to pay his bills. In 2021, he rented out five vehicles on the car-sharing app Turo to make additional income. Last year, Riddle earned $72,020 in income from renting out six cars on Turo, which Insider verified with documentation. One of my friends had just bought a personal vehicle and another vehicle to throw on Turo. People actually needed these vehicles, especially when there were no rental vehicles in my market and car prices were so expensive.

☆ These stocks have the most upside in the second-quarter, analysts say
▼ + stars: | 2023-04-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through the most recent quarterly research reports to find stocks with upside as the new quarter gets underway. They include: Simon Property, Spotify , Netflix , Enphase and Palo Alto Networks. Palo Alto Networks The cybersecurity company is firing on all cylinders, RBC said earlier this week in its top second-quarter picks note to clients. Hedberg believes Palo Alto has a unique opportunity to take share in a rapidly burgeoning field. ... .We view Palo Alto as well positioned to benefit from an increasingly complex security and threat landscape and as an industry leader in security."

☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
▼ + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com time to read: +51 min

The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.

☆ Manhattan real estate sales plunge 38%, but cash deals hit all-time record
▼ + stars: | 2023-04-04 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile, according to new reports. The average sales price fell 5% to $1.95 million and the median sales price fell 10% to $1.075 million, according to the report. The average discount from the initial list price to sales price in the first quarter price was 7%, up from 5% in the fourth quarter, according to Serhant. Overall, cash deals rose to a record 57% of all sales in the quarter, Miller said. "It's not by any stretch a seller's market, but it's getting busier each month."

☆ How the US Army's Best Ranger competition uses days of grueling challenges to find the military's best 2-man team
▼ + stars: | 2023-03-31 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

US troops will gather in Georgia in April for the US Army's Best Ranger Competition. The Best Ranger competition is organized and run by the US Army in conjunction with the National Ranger Association. 101st Airborne Division soldiers compete in the Best Ranger Competition at Fort Benning in April 2022. David DumasThe Best Ranger competition typically starts strong with a 10-mile run followed by a swim event and an obstacle course. 10th Mountain Division soldiers complete a casualty evacuation lane during the Best Ranger Competition in April 2022.

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