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[1/3] Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. "It was a baptism by fire, given Covid and recent challenges within our business," Hastings said in a statement. To kick-start growth, Netflix introduced a cheaper, ad-supported option last November in 12 countries. We believe we have a clear path to reaccelerate our revenue growth," Netflix said in its quarterly letter to shareholders. That 2011 initiative cost the company 800,000 subscribers and sent the stock plunging.

Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. "The SEC and Gary Gensler has very outwardly said he views almost all crypto as a security. At a September event organized by the Practising Law Institute, Gensler said that the "vast majority" of cryptocurrency tokens are securities. watch nowThe XRP case has important implications for both Ripple and the broader crypto market. A judgment pronouncing XRP a security could potentially impose much stricter curbs on Ripple with respect to the token.

☆ U.S.-China friction stokes concern among some top finance bosses
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] Carmine Di Sibio, Global Chairman and CEO of EY, speaks at the 2022 Milken Institute Global Conference, in Beverly Hills, California, U.S., May 2, 2022. Anne Richards, CEO of the $610 billion money manager Fidelity International, put her level of worry about a potential decoupling of the two economies at 6 out of 10 when asked during a panel discussion. EY global chair and CEO Carmine Di Sibio put his own level of concern at 9 out of 10. EY's Di Sibio told the event U.S. administration officials were "extremely aggressive" about the extent of business with China particularly in technology, adding this was the case across much of the West. But the politics are really in the way and I am worried that they're not getting better," Di Sibio said.

☆ Flexport to lay off 20% of its global workforce
▼ + stars: | 2023-01-11 | by ( Riley De León | ) www.cnbc.com time to read: +3 min

Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 4, 2022. Supply chain software startup Flexport is laying off 20% of its global workforce, or roughly 640 employees, according to a memo from co-CEOs Ryan Petersen and Dave Clark. Flexport joins a long list of tech companies cutting jobs after going on a hiring binge during the Covid pandemic. Coinbase announced a 20% workforce reduction on Tuesday. Elon Musk slashed about half of Twitter's workforce after taking the helm as CEO last year, and Meta cut more than 11,000 jobs, or 13%.

☆ Data is pointing in the right direction, but there's no convincing evidence on inflation: Milken Institute's Lee
▼ + stars: | 2023-01-10 | 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 EmailData is pointing in the right direction, but there's no convincing evidence on inflation: Milken Institute's LeeBill Lee, chief economist at the Milken Institute, joins 'The Exchange' to discuss the Fed's search for convincing evidence of inflation reduction, the relationship between employment, wages and disinflation, as well as the market response to Fed policy.

☆ Stitch Fix Cutting 20% of Salaried Jobs; CEO Stepping Down
▼ + stars: | 2023-01-05 | by ( Chris Wack | ) www.wsj.com time to read: 1 min

Elizabeth Spaulding participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, Calif., last year. Stitch Fix Inc. said it is cutting roughly 20% of salaried jobs and that Elizabeth Spaulding would resign as chief executive after spending less than 18 months in the role. Katrina Lake , the founder of the personal shopping and styling service, will lead the company on an interim basis, Stitch Fix said Thursday.

☆ Fed will treat inflation like a forest fire, says Milken's Bill Lee
▼ + stars: | 2022-12-28 | 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 EmailFed will treat inflation like a forest fire, says Milken's Bill LeeBill Lee, Milken Institute chief economist, joins 'The Exchange' to discuss the Fed's next moves and the impact it could have on the economy.

☆ Under Armour names Marriott veteran Linnartz as CEO to boost e-commerce
▼ + stars: | 2022-12-21 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

[1/2] Stephanie Linnartz, President of Marriott International speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. REUTERS/Mike BlakeDec 21 (Reuters) - Under Armour Inc (UAA.N) on Wednesday named veteran hotelier Stephanie Linnartz as its chief executive, betting that her experience in e-commerce and branding strategy will help revive sales at the apparel maker. Linnartz currently serves as president of Marriott International Inc (MAR.O) and has been with the hotel chain operator in various roles for the last 25 years. Interim CEO Colin Browne will resume his responsibilities as chief operating officer, Under Armour said in a statement. Linnartz will receive a base salary of $1.3 million per year and a one-time sign-on cash bonus of $375,000.

☆ 12 media executives anonymously predict 2023's biggest deals, trends and changes
▼ + stars: | 2022-12-18 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

Candle Media has acquired intellectual property assets including Reese Witherspoon's Hello Sunshine production company and Moonbug, which owns the animated kids series "CoComelon." Executive 3: Iger extends his contract There's been lots of speculation over who Iger will choose as his successor. History suggests he has a hard time leaving the role of Disney CEO. Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer The Walt Disney Company. "I love Shari [Redstone], but ViacomCBS is not long for this world as it stands today," said a media executive last year.

☆ People are actually less worried about losing their jobs than they were before the pandemic
▼ + stars: | 2022-12-12 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

Still, workers are more worried about losing their jobs than they were earlier in the year. Of course, some are more worried than others about losing their jobs. When broken down by age, workers over 59 years old were the most worried about losing their jobs, while fears among those 40 to 59 went down a bit in November. Those under 40 also got a bit more worried about losing their jobs, although all age groups were less worried than they were in November 2021. However, workers with a high school education or less are less concerned about losing their jobs than workers with some college education or a BA and higher.

☆ The US is heading for a 'swamp' recession which could mire the economy in a disappointing and slow recovery
▼ + stars: | 2022-12-10 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Kelly told Insider the recovery may be considered "tepid" given it will be a "mild improvement in things." David Kelly, chief global strategist for JPMorgan Asset Management, called it a "'swamp' recession" in a note, suggesting the "economy would likely struggle to get out of" what is potentially a mild recession. It's like standing on the edge of a swamp," Kelly told Insider. "The problem this time around is two-fold," Kelly told Insider. In short, Kelly told Insider that a modest recovery from a shallow recession could be viewed as "tepid" as it will be a "mild improvement in things."

☆ The triple threat of the influenza, Covid and RSV
▼ + stars: | 2022-12-09 | by ( Alex Rees | ) edition.cnn.com time to read: +8 min

CNN —The United States is facing a triple threat, with a confluence of viral infections due to respiratory syncytial virus, influenza and Covid-19. Already, children’s hospitals across the United States are filled with kids infected with viruses, including RSV and influenza. While most people who contract RSV, influenza, Covid-19 and other respiratory illnesses will have mild symptoms, those most vulnerable could become severely ill, require intensive care and even die. CNN: Is a cloth mask or regular medical mask enough? Those individuals can wear two medical masks or a cloth mask on top of a medical mask.

The tech industry accounts for about one-quarter of this year's job cuts, Challenger data show. The automotive industry has had 30,669 job cuts announced, compared with 10,277 through November 2021. And real estate has had 7,919 cuts announced this year, compared with 2,762 in 2021 year-to-date. "We've seen a lot of job cuts around mortgage origination and fintech firms in mortgages. U.S.-based employers announced 76,835 cuts in November alone, more than double the 33,843 cuts announced in October and four-times the number of cuts announced last November, Challenger data show.

In this article DIS Follow your favorite stocks CREATE FREE ACCOUNTBob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBCDisney reappointed Bob Iger as its chief executive recently, abruptly replacing his hand-picked successor Bob Chapek, and giving Iger an early goal — find a new replacement during the next two years. Iger's attention has quickly turned to the other part of his mandate from the board — the immediate challenges facing Disney's business, such as the company's reorganization, cost structure and the future growth of its streaming business. He is the chairman of Disney's studio content and spearheaded the integration of Iger's acquisitions into Disney's overall content pipeline. D'Amaro is head of Disney's parks, experiences and products, the same position Chapek held before becoming CEO. Rebecca Campbell, who's currently in charge of Disney's international content and operations, is another candidate that Iger may favor, people familiar with the matter said.

☆ European Union agrees to a $60-per-barrel price cap on Russian oil
▼ + stars: | 2022-12-02 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

BRUSSELS — The European Union tentatively agreed to a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. The $60 figure sets the cap near the current price of Russia’s crude, which recently fell below $60 a barrel. There is a big risk to the global oil market of losing large amounts of crude from the world’s No. Putin has said he would not sell oil under a price cap and would retaliate against nations that implement the measure. “The reality is that it is unlikely to be binding given where oil prices are now.”Others have criticized the measure, a brainchild of U.S. Treasury Secretary Janet Yellin.

☆ RSV, flu and colds: How to tell when your child is too sick for school
▼ + stars: | 2022-11-30 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

Almost all children catch RSV at some point before they turn 2, the US Centers for Disease Control and Prevention says. Here’s how to assess when to keep your child home from school and when to visit the pediatrician, according to experts. Ideally, public health professionals would like it if no child showing symptoms were sent to school or day care, where they could potentially spread infections Schaffner said. Again, here is where schools may have different policies and it becomes important to check with written information, a school administrator or school nurse, Wen said. “Parents should know that treating RSV and other respiratory infections is the bread and butter of pediatricians and emergency physicians,” Wen said.

☆ What to expect from Powell's upcoming comments, with the Milken Institute's Bill Lee
▼ + stars: | 2022-11-30 | 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 EmailWhat to expect from Powell's upcoming comments, with the Milken Institute's Bill LeeBill Lee, chief economist at the Milken Institute, joins 'The Exchange' to discuss monetary policy lags, cumulative tightening and expectation for Powell's upcoming comments on Fed policy.

☆ Community health groups that played crucial role during Covid-19 pandemic say they’re being left out of government funding
▼ + stars: | 2022-11-28 | by ( Elizabeth Cohen Lauren Mascarenhas | Elizabeth Cohen | Lauren Mascarenhas | ) edition.cnn.com time to read: +13 min

“A lot of times, the funding streams have names that say ‘community,’ ‘community-based organizations’ or ‘community health workers,’ but the funding often goes to states and doesn’t end up helping at a grass-roots level,” said Denise Smith, executive director of the National Association of Community Health Workers. “HRSA strongly values the critical role that community health workers play – and can increasingly play – in supporting the health and well-being of communities. “Community health workers are frontline public health workers who are trusted members of the community they serve. The group’s promotores de salud, or community health workers, encouraged vaccination and set up a hotline to distribute accurate information about the virus. “Grantees will be able to hire community health workers, as needed and appropriate,” said Nordlund, the CDC spokesperson.

☆ Coinbase shares tumble as bitcoin slide continues, investors fear contagion from FTX collapse
▼ + stars: | 2022-11-21 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Coinbase shares fell more than 8% Monday, extending a slide that's pushed the crypto exchange to its lowest point since its market debut in April 2021. The drop comes as bitcoin's slump continues and investors worry about contagion from FTX's spectacular collapse earlier this month. In June, the crypto exchange slashed 18% of its workforce. WATCH: CNBC's full interview with Coinbase CEO Brian Armstrong

☆ Waves of workers are 'quick quitting' as the clock runs down on the Great Resignation
▼ + stars: | 2022-11-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Some people part of the Great Resignation may be "quick quitting" and leaving jobs that they've been at for less than a year. Recession fears may impact those thinking about quick quitting. But there's a new twist: "quick quitting," which LinkedIn defines as leaving a position that they had for less than a year, according to its data. But for now, LinkedIn's analysis of short tenure rates using its own data show white-collar workers are among the workers quick quitting. Salemi said she's "cautious" though about people quickly quitting though because "it shouldn't necessarily be spontaneous."

☆ Trump's former Treasury secretary calls G-7 Russian oil price cap ‘the most ridiculous idea I’ve ever heard’
▼ + stars: | 2022-11-18 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Mnuchin this week criticized the G-7's plan for a cap onFormer U.S. Treasury Secretary Steve Mnuchin described the G-7's plan for a price cap on Russian oil as "ridiculous." I think the problem now is that there's limited options ... there's parts of the world that are now buying Russian oil outside of U.S. sanctions," he said. "But look, a price cap, the market is going to set the price. As Europe seeks to wean itself off Russian oil and gas, Moscow has ramped up its sale of oil to countries including China and India. Energy analysts say it will be vital to get those countries' cooperation for any price cap to be effective, but it remains unclear how they will react to any final announcement.

☆ Roubini and Binance's CZ take swipes at each other over crypto
▼ + stars: | 2022-11-17 | by ( Dan Murphy | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoubini and Binance's CZ take swipes at each other over cryptoEconomics professor Nouriel Roubini slammed Binance's Changpeng "CZ" Zhao on stage at Abu Dhabi Finance week on Wednesday. CZ then hit back on Thursday at the Milken Institute Middle East and Africa Summit.

☆ The bi-modal economy is something we haven't focused on enough, says Milken Institute's William Lee
▼ + stars: | 2022-11-17 | 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 EmailThe bi-modal economy is something we haven't focused on enough, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, joins 'Power Lunch' to discuss Fed messaging about the timeline for tackling inflation, the condition of the American economy and the market pricing in risk.

☆ Wall Street wants updates on EVs and short-term guidance from GM's investor day
▼ + stars: | 2022-11-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. GM will look to address such concerns during an investor event, which kicks off at 1 p.m. Analyst are expected to press executives on updates to its previously announced plans, short-term guidance and potential macro-offsets in the years ahead, especially in 2023. "At the last Investor Day, GM promised ICE-like EV margins by 2030. The company also has plans for capacity of 1 million EVs in China by then as well.

☆ Binance CEO slams Samuel Bankman-Fried's behavior, takes aim at Nouriel Roubini
▼ + stars: | 2022-11-17 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Binance's Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. The chief executive of the largest online exchange for cryptocurrency, Binance, criticized the former CEO of bankrupt exchange FTX and took aim at economist Nouriel Roubini. "When he tweets about a sparring partner, his house is burning and all this is happening, he's losing focus. Zhao also added detail about Binance's decision to back out of a deal to rescue rival exchange FTX on Nov. 9. CNBC has contacted FTX and Bankman-Fried for a response to the comments but has not yet received a reply.

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