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A second "Chinese surveillance balloon" has been spotted over Latin America, according to Pentagon officials

The high-altitude balloons are adrift over the middle of the United States and somewhere in Latin America, though officials did not give specifics. A balloon flies in the sky over Billings, Montana, on February 1, 2022.Chase Doak/via REUTERS A massive, high altitude balloon was spotted Tuesday drifting above the United States. Pentagon officials on Thursday identified the balloon as a "Chinese surveillance" device. On Friday, a second surveillance balloon was identified flying above Latin America. A second high-altitude Chinese surveillance balloon has been spotted in Latin America as one discovered earlier this week drifts across the central United States, Pentagon officials said Friday. "We now assess it is another Chinese surveillance balloon," AP reported Brigadier General Pat Ryder, the Pentagon press secretary, said. Ryder declined to give additional details, such as where the second balloon was spotted.The first balloon was spotted flying over Alaska and parts of Canada before arriving over the city of Billings, Montana — near Malmstrom Air Force Base, which houses 150 Minuteman III intercontinental ballistic missiles. Ryder said in a statement emailed to Insider that the balloon is currently moving eastward across the country and has "a large payload underneath the surveillance component," though there is "no physical or military threat to people on the ground."China has maintained the device is a "civilian airship used for research, mainly meteorological, purposes," according to an official statement by the Ministry of Foreign Affairs of the People's Republic of China.US Pentagon officials have declared the balloons surveillance devices. "The fact is we know that it's a surveillance balloon, and I'm not going to be able to be more specific than that," Ryder said in a statement emailed to Insider. "And we do know that the balloon has violated US airspace and international law, which is unacceptable."The Department of Defense declined to answer Insider's questions regarding the balloons.These are not the only balloons used as surveillance devices between China and the United States. At least one balloon was discovered over the US during the Trump administration, AP reported. In 1957, China claimed it shot down what it identified as a "spy balloon," though US Navy called it "a weather experiment that had blown off course," according to the US Naval Institute. While there has been pressure by some members of Congress, as well as Trump, to shoot down the balloon, officials say it's not that simple, in part because fighter aircraft aren't designed to target balloons.When a weather balloon went rogue 25 years ago, two Royal Canadian Air Force CF-18 fighter aircraft fired more than 1,000 rounds at it and couldn't shoot it down.Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~2 min. ago Related News

Lemon Supply opens at Ward Village’s South Shore Market

The new lemonade shop was created by the team behind Scratch Kitchen......»»

Source:  bizjournalsCategory: top~2 min. ago Related News

The White House Is Concerned About Crypto

The White House published a statement warning about the risks of cryptocurrencies, pointing to last year’s various collapses. I spoke to an administration official about the statement and what it means......»»

Source:  coindeskCategory: forex~50 min. ago Related News

Takashi Murakami to Release Collection of 13 NFTs Linked to Physical Hublot Watches

Twelve of the thirteen timepieces will be made exclusively available to holders of Murakami and Hublot’s previous NFT collection......»»

Source:  coindeskCategory: forex~50 min. ago Related News

Ariel Property Advisors Hosts Successful Coffee And Cap Rates Event, Examining Investment Sales Performance in 2022 and Outlook for 2023

Ariel Property Advisors (Ariel) hosted its latest Coffee and Cap Rates event on February 2nd sharing the latest trends in investment sales market and capital services in New York City. Over 200 NYC real estate professionals attended this live networking breakfast held at Club 101 located at 101 Park Avenue.... The post Ariel Property Advisors Hosts Successful Coffee And Cap Rates Event, Examining Investment Sales Performance in 2022 and Outlook for 2023 appeared first on Real Estate Weekly. Ariel Property Advisors (Ariel) hosted its latest Coffee and Cap Rates event on February 2nd sharing the latest trends in investment sales market and capital services in New York City. Over 200 NYC real estate professionals attended this live networking breakfast held at Club 101 located at 101 Park Avenue. The theme of this latest Coffee and Cap Rates event was “Follow the Money: Who is Investing in NYC CRE and Why?” and featured a panel of some of the City’s most influential real estate professionals discussing the 2023 investment sales outlook from both a local and national perspective. Shimon Shkury, President of Ariel Property Advisors, moderated the panel and kicked off the event with a presentation discussing the New York City investment sales market in 2022 as well as key findings from the firm’s recent end of year reports. The three industry expert panelists all provided their unique take on the NYC commercial real estate investment market for different sectors. Ofer Yardeni, Chairman and CEO, Stonehenge NYC, discussed the current multifamily sector in the region and his company’s investment strategies; Meir Milgraum, Senior Vice President, Acquisitions, Lightstone, shed light on what his firm is seeing in the local hospitality investment market, which continues its post-pandemic recovery; and Tom Ortinau, Head of Acquisitions, for GFP Real Estate, shared his thoughts on the current and future state of the NYC office market and residential to office conversions. As with previous Coffee & Cap Rates, Ariel will be donating all proceeds to Legal Outreach, a nonprofit that helps young people from underserved New York communities gain admission to the country’s most competitive colleges and universities. The Coffee & Cap Rates series is a semi-annual program, and the next event will take place in July 2023. For more market information, please refer to Ariel’s research reports covering the New York City investment sales market: 2022 Multifamily Year in Review, Manhattan 2022 Commercial Real Estate Trends report, Bronx 2022 Commercial Real Estate Trends report, Brooklyn 2022 Commercial Real Estate Trends report, Queens 2022 Commercial Real Estate Trends report and Northern Manhattan 2022 Commercial Real Estate Trends report. For more market information, please refer to Ariel’s research reports covering the New York City investment sales market: 2022 Multifamily Year in Review, Manhattan 2022 Commercial Real Estate Trends report, Bronx 2022 Commercial Real Estate Trends report, Brooklyn 2022 Commercial Real Estate Trends report, Queens 2022 Commercial Real Estate Trends report and Northern Manhattan 2022 Commercial Real Estate Trends report. The post Ariel Property Advisors Hosts Successful Coffee And Cap Rates Event, Examining Investment Sales Performance in 2022 and Outlook for 2023 appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~50 min. ago Related News

Councilwoman Fatally Shot Outside New Jersey Home Was "Targeted"

Councilwoman Fatally Shot Outside New Jersey Home Was 'Targeted' Authored by Lorenz Duchamps via The Epoch Times (emphasis ours), Eunice Dwumfour, a 30-year-old New Jersey councilwoman, was found dead outside her Sayreville home Wednesday evening in what officials believe was a “targeted” attack, authorities say. Sayreville Councilwoman Eunice Dwumfour. (Courtesy of Sayreville Borough Council) In a press release, Sayreville police chief Daniel Plumacker and Middlesex County Prosecutor Yolanda Ciccone said a woman, later identified as Dwumfour, was located by police at 7:22 p.m. inside her vehicle with multiple gunshot wounds. Police said the councilwoman was pronounced dead on the scene, noting that the incident is being investigated as a homicide. No arrests have been reported in connection with the shooting. However, an eyewitness who lives in the area saw an individual, possibly the suspect, running toward the Garden State Parkway, which is near the scene of the shooting, RLS Media reported. Authorities told news outlets that Dwumfour was believed to be the intended target, but have not given a motive. The Sayreville Police Department, meanwhile, alerted citizens in a statement on Facebook of police activity in the area while advising everyone to avoid the scene. A video shared on social media by Charlie Kratovil, a journalist and the founder of New Brunswick Today, shows police at the scene of the shooting as a white Nissan SUV is being towed away. Kratovil said on Twitter that he personally knew Dwumfour and described the councilwoman as “a very kind person and public servant.” “A huge loss for the Sayreville community,” Kratovil wrote. “May she rest in peace.” Dwumfour, a Republican and political newcomer, was elected in November 2021 and started her three-year term after winning against an incumbent Democrat in the Borough of Sayreville. Sayreville Mayor Victoria Kilpatrick said in a statement on Thursday that the community is “shocked and saddened” at the loss of the councilwoman, adding that she had personally “worked very closely” with her as she served on the Borough Council. “The fact that she was taken from us by a despicable criminal act makes this incident all the more horrifying,” Kilpatrick said, noting that she’s confident law enforcement “will bring this fast-moving investigation to a quick and successful conclusion and look forward to the identification, arrest, and successful prosecution of the person responsible.” In a statement, the New Jersey Republican Party remembered Dwumfour for her “steadfast dedication to the community, as well as her deep and abiding Christian faith.” “I would like to express our horror and deepest sorrow at the senseless violence that claimed the life of Sayreville Councilwoman Eunice Dwumfour,” said Bob Hugin, chairman of the committee. “We have the utmost confidence that law enforcement will bring the perpetrators of this heartbreaking tragedy to justice.” New Jersey Gov. Phil Murphy said in a statement that he was “stunned” after hearing about the news of Dwumfour’s murder. “Her career of public service was just beginning, and by all accounts, she had already built a reputation as a committed member of the Borough Council who took her responsibility with the utmost diligence and seriousness,” Murphy said. I am stunned by the news of Sayreville Councilwoman Eunice Dwumfour’s murder last evening in an act of gun violence. I send my condolences to her family and friends, and the entire Sayreville community. I urge anyone with information to contact Sayreville local law enforcement. pic.twitter.com/mHulQuOrVZ — Governor Phil Murphy (@GovMurphy) February 2, 2023 Tributes Friends of the councilwoman posted tributes on Facebook, saying the shooting “shocked [and] scared” them. “[Dwumfour] was killed 300 feet from my home this evening. She was shot while returning back home. She was a woman full of life,” said Mahesh Chitnis, a member of Sayreville’s Human Relations Commission (HRC), of which Dwumfour is also a former member. Read more here... Tyler Durden Fri, 02/03/2023 - 21:40.....»»

Source:  nytCategory: smallbiz~1 hr. 34 min. ago Related News

Democrats Propose Abraham Lincoln Statue Removal

Democrats Propose Abraham Lincoln Statue Removal Authored by Jackson Elliott via The Epoch Times (emphasis ours), Democrat and Confederate President Jefferson may have been unable to expel President Abraham Lincoln from the capitol, but Democrat delegate Eleanor Norton (D-D.C.) might. The Emancipation Memorial in Washington's Lincoln Park depicts a freed slave kneeling at the feet of President Abraham Lincoln, June 25, 2020. (J. Scott Applewhite/AP Photo) Norton, Washington D.C.’s non-voting Congressional representative, reintroduced legislation to remove a statue of Lincoln with a kneeling freed slave. The statue has stood in Lincoln Park near the Capitol since 1876. It depicts a slave, shirtless and shackles broken, about to stand up. Lincoln stretches out his hand over the man. Freed slaves paid for its creation. But according to Norton’s press release, that’s not enough. Del. Eleanor Holmes Norton (D-D.C.) speaks on Capitol Hill in Washington on May 21, 2020. (Saul Loeb/AFP via Getty Images) “The paternalistic statue depicting a Black man on his knees in front of President Lincoln fails to recognize African Americans’ agency in pressing for their own emancipation,” the delegate’s press release reads. Norton’s bill would have the statue removed from Lincoln Park and placed in a museum “with an explanation of its origin and meaning.” She also noted that the freed slaves who paid for the statue didn’t get input in its design. “Although formerly enslaved Americans paid for this statue, the design and sculpting process was done without their input or participation, and it shows,” Norton said. “At the time, they had only recently been liberated from slavery and were grateful for any recognition of their freedom.” Norton noted that renowned abolitionist and freed slave Frederick Douglass spoke to dedicate the stature but “pointedly did not praise the statue.” Past and Present Douglass’s speech expresses a complex set of feelings. He refers to Lincoln as the “white man’s President” but also praises him as a “great man” and “liberator” who “hated slavery.” “We have done a good work for our race today,” Douglass said at the statue’s unveiling. “In doing honor to the memory of our friend and liberator, we have been doing highest honors to ourselves and those who come after us; we have been fastening ourselves to a name and fame imperishable and immortal; we have also been defending ourselves from a blighting scandal.” Read more here... Tyler Durden Fri, 02/03/2023 - 22:20.....»»

Source:  nytCategory: smallbiz~1 hr. 34 min. ago Related News

How Will AI Change Our Lives?

How Will AI Change Our Lives? The meteoric rise of ChatGPT has been a watershed moment for artificial intelligence as it enabled millions of users, regular people, to experiment with AI and witness its astonishing capabilities first-hand. And. as Statista' Felix Richter notes, while there are still limitations, ChatGPT delivers impressive results, making people aware of how far artificial intelligence has already come. It's no coincidence that both Alphabet and Microsoft named the shift to AI as one of the biggest challenges their facing when they announced their restructuring plans earlier this month. Microsoft CEO Satya Nadella even spoke of an upcoming platform shift, likely referring to AI-enabled services as the next big change in tech after the shift to mobile. But what do consumers ultimately expect to change due to the increased use of artificial intelligence and which areas of life will most likely be affected in the next three to five years? Ipsos carried out a global survey on the subject in late 2021 and the following chart sums up the results. You will find more infographics at Statista “[AI] is going to change the world more than anything in the history of mankind. More than electricity.” — AI oracle and venture capitalist Dr Kai-Fu Lee, 2018   Tyler Durden Fri, 02/03/2023 - 22:40.....»»

Source:  nytCategory: smallbiz~1 hr. 34 min. ago Related News

Charting Three Decades Of The World"s Working Poor

Charting Three Decades Of The World's Working Poor Poverty is often associated with unemployment - however, millions of working people around the world are living in what’s considered to be extreme poverty, or less than $1.90 per day. Thankfully, the world’s population of poor workers has decreased substantially over the last few decades. But how exactly has it changed since 1991, and where is the majority of the working poor population living today? This graphic by Visual Capitalst's Gilbert Fontana uses data from the International Labour Organization (ILO) to show the regional breakdown of the world’s working poor, and how this demographic has changed in the last few decades. From Asia to Africa In 1991, about 808 million employed people were living in extreme poverty, or nearly 15% of the global population at the time. As the graphic above shows, a majority of this population lived in Eastern Asia, most notably in China, which was the world’s most populous country until only very recently. However, thanks to China’s economic reforms, and political reforms like the National “8-7” Poverty Reduction Plan, millions of people in the country were lifted out of poverty. Today, Sub-Saharan Africa is the region with the world’s highest concentration of working poor. Below, we’ll take a closer look at the region and zoom in on select countries. Zooming in on Sub-Saharan Africa As of 2021, 11 of the 49 countries that make up Sub-Saharan Africa had a working poverty rate that made up over half their population. Here’s a look at these 11 countries, and the percentage of their working population that lives in extreme poverty:   Burundi is first on the list, with 79% of its working population living below the poverty line. One reason for this is the country’s struggling economy—Burundi has the lowest GDP per capita of any country in the world. Because of the economic conditions in the country, many people struggle to meet their basic needs. For instance, it’s estimated that 40% of urban dwellers in Burundi don’t have access to safe drinking water. But Burundi is not alone, with other countries like Madagascar and the Democratic Republic of the Congo also having more than two-thirds of their working population in extreme poverty. Which countries will be able to able to lift their people out of poverty next? Tyler Durden Fri, 02/03/2023 - 23:20.....»»

Source:  nytCategory: smallbiz~1 hr. 34 min. ago Related News

Victor Davis Hanson: "Race" Everywhere

Victor Davis Hanson: 'Race' Everywhere Authored by Victor Davis Hanson via AmGreatness.com, Recently an unarmed 29-year-old African American, Tyre Nichols, was brutally beaten to death by five black Memphis police officers. They were charged with murder. All belonged to a special crime unit known as the Scorpions.  Both the victimizers and victim were black. The Memphis police chief is black. The assistant police chief is black.  Nearly 60 percent of the police force is black. The white population of Memphis is about 25 percent.  The now-disbanded Scorpion unit of mostly black officers was created as a response to grassroots appeals to stop spiraling crime in mostly black neighborhoods.  The death of Tyre Nichols could be attributed to many things: a basic lack of humanity on the part of the officers, poor police training, lax administrative supervision, and lowered hiring standards.   Instead, no sooner was the beating death announced than accusations of “systemic racism” surfaced.  Van Jones, the former Obama Administration green czar and recent recipient of Jeff Bezos’ $100 million “courage and civility award,” pronounced on CNN that the black police oppressors were acting out white racism.  Some claimed that charging the five black officers with murder was itself racist. Others alleged that creating the unit in the first place to reduce black-on-black crime was racist.   Yet, when everything becomes racist, then nothing in particular can be racist. About the same time, the city of San Francisco, along with the state of California, was exploring paying out huge cash reparations to its African-American residents for the ancestral sin of slavery.  That evil institution was abolished some 158 years ago through a Civil War that killed some 700,000 Americans.  Yet California was always a free state with no history of slavery.  No resident of America in six generations has been either a slave or slave owner.  Such multibillion-dollar payouts apparently are to be funded by a nearly bankrupt state facing a $25 billion budget shortfall.  How do we quantify either current eligibility or culpability in multiracial California where 27 percent of the residents were not born in the United States? Whites make up only 35 percent of the state’s population.  College campuses increasingly greenlight racially segregated resident housing.  These reactionaries seem eager to return to “separate but equal” apartheid, supposedly outlawed nearly 60 years ago by the 1964 Civil Right Act.  A recent National Association of Scholars study found that of some 173 schools surveyed, 42 percent provided racially segregated residences. Some 46 percent offered racially segregated orientation programs. An overwhelming 72 percent  hosted racially segregated graduation ceremonies. So-called “safe spaces” on campus exclude students on the basis of race, especially whites who are reduced to stereotyped members of a toxic collective. Race-based admissions have transmogrified from proportional representation—the entering class should reflect roughly the racial make-up of the nation—to reparatory or compensatory admittance.  So, for example, Stanford University’s incoming class of 2026 lists white students at 22 percent of the enrolled, roughly one-third of their percentage of the nation’s general population.  Ironically, current racial engineering resurrects the old quota systems used in the past to discriminate against Jews.  “Whites”—to the extent we can determine any race in an intermarried, multiracial society—do not fit the now ossified definition of an exploitive majority.  They no longer even compose a majority in most major American cities and in some states.  They rank well behind many nonwhite ethnic groups in terms of per capita income and millions of working-class Americans certainly don’t fit the tired stereotype of “privileged.”   In racist fashion, white males are often smeared as exhibiting collective “white rage.”  Yet they commit suicide at double their demographics—and more than twice as frequently as blacks and Latinos.  They were also killed in combat in Afghanistan and Iraq at twice their numbers in the general population.  In terms of hate-crime offenders, whites are demographically underrepresented. The most overrepresented victims of hate crimes are whites of Jewish background. Whites commit violent crimes against those of different races at rates below their percentages in the general population. In sum, class, not race, remains the best litmus test of being underprivileged in America. It is no longer synonymous with race. No wonder the identity politics industry now strains to attach prefixes such as “systemic” or “implicit” to “racism,” or “micro” to “aggression,” purportedly to ferret out bias that otherwise is not apparent.  Pause to reflect that America is the only successful multiracial constitutional republic in history. To survive in an increasingly dysfunctional and hostile world abroad, the unique idea of the United States requires concord.  But national cohesion is only possible through citizens subordinating their tribal interests to a common culture. Only then do they cease being automatons of warring tribes and collectives.  As the world becomes ever scarier, Americans must—as Benjamin Franklin once warned—hang together, or most certainly they will soon all hang separately. Tyler Durden Fri, 02/03/2023 - 23:40.....»»

Source:  nytCategory: smallbiz~1 hr. 34 min. ago Related News

368 Arrested, 131 Rescued In California Sex Trafficking Operation

368 Arrested, 131 Rescued In California Sex Trafficking Operation Authored by Jack Bradley via The Epoch Times (emphasis ours), Authorities arrested 368 people and rescued 131 victims involved in human trafficking in a weeklong statewide multi-agency task force, announced Feb. 1. A massage parlor in Los Angeles County on Aug. 4, 2021. (John Fredricks/The Epoch Times) “We know that the sex trade is a prolific one that exists throughout this state and throughout our nation,” said Los Angeles Police Department (LAPD) Chief Michel Moore . “It’s an ugly scar against this great country that exists too oftentimes in plain sight.” Operation Reclaim and Rebuild was conducted between Jan. 22 and Jan. 28 in nine counties, including Los Angeles, Orange, and San Bernardino, Moore said at a news conference at the department’s Elysian Park Academy. Numerous federal, state, and local law enforcement agencies were involved in the effort, including the LAPD, the Los Angeles County Sheriff’s Department, and the Los Angeles County District Attorney’s Office. The victims’ ages ranged from 13 to 52, including six children, and the average age was the mid-20s, Moore said. Investigators worked with victim advocacy groups in providing services and resources “to help [victims] escape from this life-threatening environment,” he said. Investigators responded to various advertisements offering sexual services and went to massage parlors suspected of being involved in trafficking. Among the arrestees were pimps and panderers, along with customers of such services, Moore said. The victims are being exploited by “threat of death” or coercion, or threats against their family, while some are kidnapped and isolated from their former support to become dependent on the trafficker, according to Moore. Moore noted that “in the old days,” the victims of human traffickers were often regarded by law enforcement as criminals, but a more modern attitude is to regard them as having been exploited by criminals—many of them having been kidnapped and held against their will. Authorities stressed that the seven-day task force is only a part of law enforcement agencies’ everyday effort to combat sex trafficking. Los Angeles Police Chief Michel Moore speaks during a vigil with members of professional associations and the interfaith community at Los Angeles Police Department headquarters in Los Angeles, on June 5, 2020. (Mark J. Terrill/File/AP Photo) Victims are sometimes brought in from other states or countries, said David Cox, COO for ZOE International, a Los Angeles-based nonprofit that helps victims recover once rescued locally and internationally. Cox said his organization, partnering with a similar Los Angeles-based nonprofit Saving Innocents, has cared for 489 youth victims of sex trafficking this past year, with some as young as 11. “In our city, kids are being raped 20 to 30 times a day,” he said. Journey Out, another LA-based nonproft combating human trafficking, cared for 256 adult victims last year, Cox said. He said sex trade is a violent industry, as some of these victims have been pistol-whipped, jumped out of moving vehicles to escape, chased down and beaten, gone missing, or lost their lives. “Traffickers are master predators. They’re on the hunt for vulnerable kids and adults,” he said. City News Service contributed to this report. Tyler Durden Fri, 02/03/2023 - 20:20.....»»

Source:  nytCategory: smallbiz~2 hr. 50 min. ago Related News

Jim Jordan Subpoenas Garland, Wray Over School Board Memo Used Against "Domestic Terrorist" Parents

Jim Jordan Subpoenas Garland, Wray Over School Board Memo Used Against 'Domestic Terrorist' Parents House Judiciary Chairman Jim Jordan (R-OH) has fired off his first subpoenas of the new Congressional session. The recipients include Attorney General Merrick Garland, FBI Director Christopher Wray and Education Secretary Miguel Cardona, in order to get to the bottom of a controversial memo which the DOJ used to justify activating the FBI Counterterrorism Division to investigate parents voicing their opposition to a variety of topics - primarily mask and vaccine mandates, and teaching critical race theory. The Garland memo On October 4 of 2021, AG Merrick Garland issued a memorandum announcing a concentrated effort to target any threats of violence, intimidation, and harassment by parents toward school personnel. The announcement came came days after the national association of school boards asked the Biden administration to take “extraordinary measures” to prevent alleged threats against school staff that the association said was coming from parents who oppose mask mandates and the teaching of critical race theory. In late October, however, it was revealed that Garland based the memo on unsupported claims made by the National School Boards Association, which apologized for inflammatory language. Garland maintains that the letter had no bearing on the DOJ's stance. The subpoenas ask for all communications between the recipients and the National School Boards Association. Jordan, who has repeatedly claimed that the memo was used to justify labeling concerned parents as domestic terrorists, told NBC's "Meet The Press" recently that "the chilling impact on the First Amendment free speech is what we care about." "School board writes a letter on Sept. 29th. Five days later, the Attorney General of the United States issues a memorandum to 101 U.S. attorneys offices around the country saying, ‘Set up this line that they can report on.’ … When have you ever seen the federal government move that fast?" he asked. Democrats, meanwhile, have accused Jordan of peddling conspiracy theories. "The conspiracy theories underpinning today’s subpoenas have been debunked with facts time and time again, but Republicans do not want to be bothered by this inconvenient truth. There is no amount of documents that will satisfy the MAGA obsession with conspiracies," according to Del. Stacey Plaskett (VI), the top Democrat on the Judiciary subcommittee tasked with examining the "weaponization" of the federal government. A 'protected disclosure': In mid-November, 2021, House Judiciary Committee Republicans sent a letter to Garland after an FBI whistleblower came forward with "a protected disclosure" - claiming that "the FBI's Counterterrorism Division had been compiling and categorizing threat assessments related to parents, including a document directing FBI personnel to use a specific "threat tag" to track potential investigations." "This disclosure provides specific evidence that federal law enforcement operationalized counterterrorism tools at the behest of a left-wing special interest group against concerned parents," the letter continues. This is the smoking gun. Attorney General Garland provided zero evidence that parents are engaging in credible threats or acts of violence. And yet, he mobilized the FBI Counterterrorism Division to use counterterrorism tools for investigating, tracking, and tagging parents. pic.twitter.com/PHpVIqvlBw — Christopher F. Rufo ⚔️ (@realchrisrufo) November 16, 2021 According to a public statement by Grassley regarding the one-page letter:  "The Department of Justice owes the American people a better answer than just a one-page letter that says nothing about why the FBI’s Counterterrorism Division is involved in local school-board matters. Now more than ever, parents should be their kids’ strongest and best advocates. They have the God-given right to do so. And the Justice Department ought to be doing everything it can to protect that right, not scare them out of exercising that right. Attorney General Garland should withdraw his memo. And he should take Congress’s oversight, and concern for the rights of parents, more seriously."   Tyler Durden Fri, 02/03/2023 - 20:40.....»»

Source:  nytCategory: smallbiz~2 hr. 50 min. ago Related News

Secret CCP Overseas Police Station In NYC Closed After Reported FBI Raid

Secret CCP Overseas Police Station In NYC Closed After Reported FBI Raid Authored by Andrew Thornebrooke via The Epoch Times (emphasis ours), A covert overseas police station run by the Chinese regime in New York has been shuttered following a reported raid by the FBI. “The FBI has confirmed that the ‘overseas police station’ in New York linked to Fuzhou has closed,” a State Department spokesperson said in an email to The Epoch Times. “We continue to be concerned about PRC [People’s Republic of China] transnational repression efforts around the world and are also coordinating with allies and partners on this issue.” The America ChangLe Association in New York on Oct. 6, 2022. An overseas Chinese police outpost in New York, called the Fuzhou Police Overseas Service Station, is located inside the association building. (Samira Bouaou/The Epoch Times) The closure of the facility in New York’s Chinatown comes just weeks after The New York Times reported that FBI agents raided and searched the building at an undisclosed time last fall. The facility and more than 100 others like it form a network of covert facilities from which experts believe that the Chinese Communist Party (CCP) is conducting a campaign of transnational repression. According to two reports published in October 2022 and December 2022 by Safeguard Defenders, a nonprofit organization, the overseas police outposts are used to collect intelligence and even forcibly repatriate Chinese dissidents to the mainland to be imprisoned. “We are aware of reports regarding alleged PRC ‘overseas police stations,’” the State Department spokesperson said. “We take this issue very seriously. Establishing so-called overseas police stations without the invitation or approval of the country in which they are operating raises serious issues of respect for the sovereignty of that country.” The spokesperson referred The Epoch Times to the FBI and Justice Department for further information. The Justice Department didn’t respond to a request for comment by press time, and the FBI declined to comment on the matter. China’s Communist Regime ‘Violates Sovereignty’ Chinese authorities maintain that the facilities, which operate in 53 nations, assist Chinese immigrants in foreign nations with tasks that would normally be handled by a consulate, such as renewing driver’s licenses and visas. However, the stations have been linked to the CCP’s United Front Work Department, an agency that works to advance the regime’s interests abroad by spreading propaganda, conducting foreign influence operations, suppressing dissident movements, gathering intelligence, and facilitating the transfer of technology to communist China. As such, many nations have voiced concern that the facilities are a threat to national security and a violation of sovereignty. Irish, Canadian, and Dutch officials have called for China to shut down similar police operations in their countries. Likewise, FBI Director Christopher Wray has characterized them as a violation of U.S. sovereignty. “I’m very concerned about this,” Wray said during a November 2022 hearing of the Senate Homeland Security and Governmental Affairs Committee. “I have to be careful about discussing our specific investigative work, but to me, it is outrageous to think that the Chinese police would attempt to set up shop—you know, in New York, let’s say—without proper coordination. It violates sovereignty and circumvents standard judicial and law enforcement cooperation processes.” He refrained at the time from commenting on the legality of the overseas police stations but said they were part of the CCP’s campaign of global transnational repression and linked them to CCP efforts to spy on Americans. Tyler Durden Fri, 02/03/2023 - 21:00.....»»

Source:  nytCategory: smallbiz~2 hr. 50 min. ago Related News

Sales Of $10 Million-Plus Homes In Brooklyn Reach A Record In 2022

Sales Of $10 Million-Plus Homes In Brooklyn Reach A Record In 2022 While questions about the housing market in general continue to swirl and as we anxiously await how much deflation we are in store for in the housing industry, at least one area is on an upswing: Brooklyn. This week it was reported that a "record" number of homes in the borough sold for $10 million or more in 2022, according to Bloomberg. It once again paints a picture of people trying to get out of the heart of U.S. cities - Bloomberg noted that people were drawn to the "family friendly" neighborhoods. Last year there were 13 sales over $10 million, which was up from 3 in 2021, the report says, citing Compass.  Leonard Steinberg, a broker at Compass, commented: “A decade or so ago, people went to Brooklyn as a secondary choice because of affordability. Nowadays, a wave of people are choosing Brooklyn as a first choice and not even considering Manhattan. It has nothing to do with price. It has everything to do with quality of life, a sense of community and just that small town, big city feel that you can really only achieve there.” Of the homes that sold, six were in Brooklyn Heights, three in Park Slope and one in Cobble Hill, the report says.  Across the U.S., we are seeing a similar pattern from $10 million-plus markets. In places like Austin, sales of such homes were up from zero in 2021 to 5 in 2022. In North Florida, sales of similarly priced properties were up to four in 2022 from just one in 2021.  “What we're seeing is that wealth is spreading and wealth is very comfortable being removed from big cities because creating the wealth and maintaining the wealth can be done from multiple locations,” Steinberg continued.  Bloomberg noted that: "The most expensive deal in Brooklyn last year was at 88 Remsen St. in Brooklyn Heights, a brownstone with carriage house that traded for $18.3 million in September." Steinberg attributes the rise in prices not just to demand, but also "inflation in the prices of luxury homes and goods". “A lot of these homes have wonderful historic details that no one is going to recreate today. You'll pay an enormous premium for beautiful, move-in renovated homes,” he concluded.  Tyler Durden Fri, 02/03/2023 - 21:20.....»»

Source:  nytCategory: smallbiz~2 hr. 50 min. ago Related News

Market Extra: The stock-market rally survived a confusing week. Here’s what comes next.

Stocks are off to a stellar start in 2023, but there's a key conflict that must still be resolved......»»

Source:  marketwatchCategory: top~2 hr. 50 min. ago Related News

IGM FINANCIAL INC. ANNOUNCES JANUARY 2023 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

WINNIPEG, MB, Feb. 3, 2023 /CNW/ - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total consolidated net outflows of $175 million during January 2023 as shown in Table 1. Total assets under management and advisement were $259.5 billion at January 31, 2023, compared with $249.4 billion at December 31, 2022, and $270.7 billion at January 31, 2022. Assets under management and advisement are shown in Table 2.   JANUARY HIGHLIGHTSIGM Financial – Assets under management & advisement of $259.5 billion were up 4.0% in the month. Total net outflows were $175 million compared to net inflows of $1.1 billion in January 2022. Investment fund net redemptions were $422 million compared to net sales of $1.2 billion in January 2022.  IG Wealth Management – Assets under advisement of $115.4 billion were up 4.1% in the month. Total net inflows were $30 million compared to net inflows of $326 million in January 2022. Mackenzie – Assets under management of $193.8 billion were up 3.8% in the month. Total net outflows were $239 million compared to net inflows of $741 million in January 2022. Investment fund net redemptions were $229 million compared to net sales of $818 million in January 2022.  Table 1 - Gross and Net Flows  Please see www.igmfinancial.com for file with trended history. Wealth Management Asset Management ($ millions) (unaudited)  IG Wealth Management Investment Planning Counsel Total Mackenzie IGM Financial For the month ended January 31, 2023 Net flows  Mutual fund net sales (171.7) (21.7) (193.4) (61.7) (255.1) ETF net creations - - - (167.0) (1) (167.0) Investment fund net sales (171.7) (21.7) (193.4) (228.7) (422.1) Institutional SMA net sales - - - (10.0) (2) (10.0) Managed asset net sales (171.7) (21.7) (193.4) (238.7) (432.1) Mackenzie Investment fund net sales 1.6 (4.7) (3.1) (3) IGM Product net sales (170.1) (26.4) (196.5) Other net flows 199.7 57.6 257.4 257.4.....»»

Source:  benzingaCategory: earnings~3 hr. 18 min. ago Related News

Vermont man arrested and charged with assaulting police officers on Jan. 6 in attack that left one officer "screaming in pain"

Prosecutors say William Arthur Nichols Jr. wielded a shield on Jan. 6 which he used to push police officers who were attempting to defend the Capitol. Prosecutors say William Nichols Jr. attacked police officers with a large circular shield on January 6, 2021.The Department of Justice A Vermont man was arrested on several Jan. 6 charges this week. Prosecutors say William Arthur Nichols Jr. hit police officers with a shield during the attack. Nichols' scuttle with one officer left them "screaming in pain," according to court documents. A Vermont man was arrested on a slew of Jan. 6 charges this week after prosecutors said he wielded a shield against a line of police officers defending the US Capitol in an attack that left at least one officer "screaming in pain."William Arthur Nichols Jr., 41, is charged with seven counts stemming from his role in the Capitol riot, including assaulting officers with a dangerous weapon, disorderly conduct, and engaging in physical violence with a dangerous weapon. He was arrested in Vermont on Wednesday, according to a Justice Department press release. Prosecutors said Nichols identified himself by his full name in an open source video "interview" from the scene of the insurrection in which he claimed to be from "the socialist paradise of Vermont."Donning a camouflage jacket and tan combat vest, Nichols was spotted in several instances of open source footage and body-worn camera video engaging in violent interactions with police officers on Jan. 6, 2021, according to court records reviewed by Insider.Prosecutors said Nichols wielded a large circular shield as he worked his way to the front of the crowd where a line of officers was defending the building. Nichols then joined other rioters as they initiated contact with the police, using his shield to hit an officer and causing him to lose his balance, according to court records.Footage shows several officers attempting to fend off Nichols by pushing back against his shield, prosecutors said. In one video clip, Nichols grabbed an officer's helmet from behind and pulled him backward, causing him to stumble, according to investigators.The officer and Nichols then wrestled over the shield and Nichols forcefully pushed the officer and tried to hold on to the shield. Body-worn footage shows other officers attempting to subdue Nichols and going to rescue the officer involved in the scuttle who was left "screaming in pain" from an injury sustained in the attack, according to court documents. Nichols did not immediately respond to attempts to reach him for comment.At least 978 people have been charged in connection with the attack thus far, and more than 470 people have pleaded guilty. Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~3 hr. 18 min. ago Related News

The green comet and Mars will appear side-by-side next weekend. Spot them together in the sky.

A green comet and the red planet will debut in a colorful showdown next weekend. You can easily find them in the sky, or watch online. Comet ZTF, as photographed on January 18, 2023.Dan Bartlett A green comet and Mars will appear side-by-side in the night sky on February 10 and 11. It's a good opportunity to spot the comet in the early evening, maybe with just binoculars. Here's what you need to know to see the colorful cosmic couple. A green comet shooting past Earth for the first time since the Ice Age is about to skim right past Mars in the night sky.The green comet and the red planet will be visible side-by-side across the Northern Hemisphere on the nights of February 10 and 11. The moon will stay below the horizon for the early evening hours, making ideal dark skies.All that could make it much easier to spot the cosmic visitor, a ball of frozen gas and dust called Comet C/2022 E3 (ZTF), or Comet ZTF for short. Mars stands out among the stars because it glows bright and orange — easily visible to the naked eye. Once you spot Mars, finding the green cosmic snowball should be a breeze if it's bright enough.Here's what you need to know to treat yourself to a rare, colorful cosmic sight next weekend.How to see Mars and Comet ZTFThe Hubble Space Telescope took this snapshot of Mars in the 1990s.Steve Lee University of Colorado, Jim Bell Cornell University, Mike Wolff Space Science Institute, and NASAMars rises high in the evening sky next weekend, and it should be easy to see it beside the comet well before bedtime.In the first few hours after nightfall, get as far from city lights as you can (safely and comfortably). Bring binoculars at a minimum — the comet may not be visible to the unaided eye.Comet brightness is difficult to predict. Although it's been clear enough for binoculars so far, it's possible that a telescope will be necessary to see Comet ZTF by the time it lines up with Mars.To locate the cosmic couple, face west just after sunset and look for an orange-red point of light just to the right of the Orion constellation. That's Mars, according to EarthSky.com. Then point your binoculars at it and look for the comet. It should be just above Mars."Don't look for a speck," Dan Bartlett, a night-sky photographer and comet enthusiast, told Insider in an email. "Look for a fuzzy, smudge, irregularly fan-shaped."Don't wait until the late evening, when the moon rises and lightens the sky. Check TimeandDate.com to see when the moon will rise in your area.The comet is fading from view, after it passed its closest point to Earth on February 2. But there's still time to see it.If you want to see the Mars-comet pairing from the comfort of your home, The Virtual Telescope Project plans to broadcast telescope observations of the event online.Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~3 hr. 18 min. ago Related News

Brazil"s Jair Bolsonaro addressed right-wing activists at Trump resort in Miami amid calls for him to be ejected from the country

The former Brazilian president spoke at a Turning Points USA event as he faces possible legal action in his home country over last month's insurrection. Far-right former Brazilian President Jair Bolsonaro speaks during the Turning Point USA event at the Trump National Doral Miami resort on February 03, 2023 in Doral, Florida.Joe Raedle/Getty Images Former Brazilian President Jair Bolsonaro addressed right-wing activists at a Trump resort on Friday. Bolsonaro did not address how long he plans to extend his stay in Florida. Back in Brazil, authorities are investigating Bolsonaro's role in last month's violent insurrection. It's been nearly a month since former Brazilian President Jair Bolsonaro promised to go home, where he faces a criminal investigation over his role in stoking an insurrection that saw supporters trash Brazil's capital over debunked claims of voter fraud.Instead of going back, however, the right-wing politician has sought to extend his stay in the United States, to the chagrin of Democrats and others who want him ejected. In Florida, where he came just before the inauguration of his left-wing successor, Luiz Inácio Lula da Silva — and days before the riot in Brasilia — the right-wing politician has enjoyed American fast food and the support of conservative Brazilian expats.On Friday, Bolsonaro beamed as supporters cheered him at a campaign-style event organized by Turning Point USA, a youth-oriented conservative activist group, and hosted by the Trump National Doral golf resort in Miami. There he boasted of Brazil's economic performance during his time in office and took part in a friendly question-and-answer session led by TPUSA's Charlie Kirk."Liberty is like a great love, we must care for it every day," Bolsonaro said, addressing the crowd through a translator.He was not asked if he will go back to Brazil, where he faces increasing legal jeopardy.In January, just after a mob of supporters smashed windows at government buildings, in scenes reminiscent of the January 6 insurrection in Washington, Bolsonaro told CNN Brasil that he had originally intended to stay "until the end of the month [January], but I intend to bring forward my return."He has since applied for a six-month visa.Have a news tip? Email this reporter: cdavis@insider.comRead the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~3 hr. 18 min. ago Related News

Memphis Police Department fires 6th officer involved in Tyre Nichols beating death

Five Memphis officers have already been fired and charged with second-degree murder in Nichols' death. People protest in Memphis following the release of video showing the deadly encounter between police and Tyre NicholsShameka Wilson for Insider The Memphis Police Department fired a sixth officer involved in Tyre Nichols' death. Preston Hemphill, who had previously been suspended, was fired on Friday, according to officials. Hemphill can be heard on video of the traffic stop saying he hoped his fellow officers "stomp his ass." A sixth Memphis officer was fired Friday after an internal police investigation showed he violated multiple department policies in the violent arrest of Tyre Nichols, including rules surrounding the deployment of a stun gun, officials said.Preston Hemphill had previously been suspended as he was investigated for his role in the Jan. 7 arrest of Nichols, who died three days later. Five Memphis officers have already been fired and charged with second-degree murder in Nichols' death.Hemphill was the third officer at a traffic stop that preceded the violent arrest but was not where Nichols was beaten.—Memphis Police Dept (@MEM_PoliceDept) February 3, 2023 On body camera footage from the initial stop, Hemphill is heard saying that he stunned Nichols and declaring, "I hope they stomp his ass."Also Friday, a Tennessee board suspended the emergency medical technician licenses of two former Memphis Fire Department employees for failing to render critical care.The suspensions of EMT Robert Long and advanced EMT JaMichael Sandridge build on efforts by authorities to hold officers and other first responders accountable for the violence against Nichols, who was Black. Six Black officers have been fired and charged with second-degree murder and other charges. One other officer has been suspended. The Justice Department has opened a civil rights probe into the attack that was captured on video.Three fire department employees were fired after Nichols died. Former fire department Lt. Michelle Whitaker was the third employee let go, but her license was not considered for suspension Friday. The department has said she remained in the engine with the driver during the response to Nichols' beating Jan. 7. He died Jan. 10.Emergency Medical Services Board member Jeff Beaman said during Friday's emergency meeting that there may have been other licensed personnel on scene — including a supervisor — who could have prevented the situation that led to the death of Nichols. Beaman said he hopes the board addresses those in the future.Matt Gibbs, an attorney for the state Department of Health, said the two suspensions were "not final disposition of this entire matter."Board members watched 19 minutes of surveillance video that showed Long and Sandridge as they failed to care for Nichols, who couldn't stay seated upright against the side of the vehicle, laying prone on the ground multiple times. They also considered an affidavit by the Memphis Fire Department's EMS deputy chief."The (state) Department (of Health) alleges that neither Mr. Sandridge nor Mr. Long engaged in emergency care and treatment to patient T.N., who was clearly in distress during the 19 minute period," Gibbs said.Board member Sullivan Smith said it was "obvious to even a lay person" that Nichols "was in terrible distress and needed help.""And they failed to provide that help," Smith said. "They were his best shot, and they failed to help."Fire Chief Gina Sweat has said the department received a call from police after someone was pepper-sprayed. When the workers arrived at 8:41 p.m., Nichols was handcuffed on the ground and slumped against a squad car, the statement said.Long and Sandridge, based on the nature of the call and information they were told by police, "failed to conduct an adequate patient assessment of Mr. Nichols," the statement said.There was no immediate response to a voicemail seeking comment left at a number listed for Long. A person who answered a phone call to a number listed for Sandridge declined to comment on the board's decision.An ambulance was called, and it arrived at 8:55 p.m., the statement said. An emergency unit cared for Nichols and left for a hospital with him at 9:08 p.m., which was 27 minutes after Long, Sandridge and Whitaker arrived, officials said.An investigation determined that all three violated multiple policies and protocols, the statement said, adding that "their actions or inactions on the scene that night do not meet the expectations of the Memphis Fire Department."Nichols was beaten after police stopped him for what they said was a traffic violation. Video released after pressure from Nichols' family shows officers holding him down and repeatedly punching, kicking and striking him with a baton as he screamed for his mother.Six of the officers involved were part of the so-called Scorpion unit, which targeted violent criminals in high-crime areas. Police Chief Cerelyn "CJ" Davis said after the video's release that the unit has been disbanded.The killing led to renewed public discussion of how police forces can treat Black citizens with excessive violence, regardless of the race of both the police officers and those being policed.At Nichols' funeral on Wednesday, calls for reform and justice were interwoven with grief over the loss of a man remembered as a son, a sibling, a father and a passionate photographer and skateboarder.Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~3 hr. 18 min. ago Related News

Southwest Airlines exec to testify at Senate hearing following travel meltdown

Southwest Airlines Chief Operating Officer will testify in front of the U.S. Senate Commerce Committee next week to explain what the airline has done following the holiday meltdown.....»»

Source:  foxnewsCategory: top~3 hr. 18 min. ago Related News

More EVs to qualify for tax credit following Treasury changes

The Treasury Department said Friday it was modifying how it classifies electric vehicles subject to certain price caps set under the Inflation Reduction Act......»»

Source:  foxnewsCategory: top~3 hr. 18 min. ago Related News

Elon Musk not liable in lawsuit over tweets pledging to take Tesla private, jury rules

A San Francisco jury ruled that Tesla CEO Elon Musk isn't financially liable for damages stemming from a tweet in 2018 stating that he had funding to take Tesla private......»»

Source:  foxnewsCategory: top~3 hr. 18 min. ago Related News

LARRY KUDLOW: Chinese spy balloon is a huge breakdown in our national security

FOX Business host Larry Kudlow blasts the Biden administration's response to the Chinese spy balloon floating over the United States on Friday's "Kudlow.".....»»

Source:  foxnewsCategory: top~3 hr. 18 min. ago Related News

Gas prices expected to continue to ease in near term: AAA

Gas prices are still higher than they were a year ago but they have been easing modestly. AAA spokesperson Andrew Gross said prices have steadily fallen every day over the past week,.....»»

Source:  foxnewsCategory: top~3 hr. 18 min. ago Related News

How Albuquerque energized this California nuclear technology company

After finishing the construction of a testing facility at Mesa del Sol, Kairos Power is now working on two new facilities — a 22,000-square-foot development lab and a 30,000-square-foot facility to create components for a Tennessee reactor......»»

Source:  bizjournalsCategory: top~3 hr. 18 min. ago Related News

Aloha Pacific Federal Credit Union launches new foundation

“As Aloha Pacific has grown over the years, so has our commitment to our members and the communities where they live, work, and play," Vince Otsuka, president and CEO of Aloha Pacific FCU, said in a statement......»»

Source:  bizjournalsCategory: top~3 hr. 18 min. ago Related News

Hawaii Pacific Health, Weinberg Foundation contribute $1.5M toward home loan fund

The combined $1.5 million capital contribution in loans and grants to Hawaii Community Lending will support 200 low-income families in their pursuit of housing in Hawaii......»»

Source:  bizjournalsCategory: top~3 hr. 18 min. ago Related News
Source:  bizjournalsCategory: top~3 hr. 18 min. ago Related News

Patti Payne"s Cool Pads: Proceeds from Kirkland flip earmarked for Rave Foundation

Thach Nguyen bought the home for $700,000 and decided that he would donate the proceeds of the resale to the Rave Foundation, which is the official charitable arm of Seattle Sounders FC......»»

Source:  bizjournalsCategory: top~3 hr. 18 min. ago Related News

Hawaii Land Trust names new president and CEO

“[His] background in land-use planning and stewardship, as well as his work as a change agent for communities throughout the state, will strengthen HILT’s mission to build a more equitable and sustainable future for Hawaii that focuses on aina protection and the legacy we leave future generations,” said Lisa Grove, HILT’s board chair, in a statement......»»

Source:  bizjournalsCategory: top~3 hr. 18 min. ago Related News

Beaver Valley Innovation Hub gets construction start date

According to Beaver County public records, the structure that B-HIVE will be built inside of was first constructed in 1925......»»

Source:  bizjournalsCategory: top~3 hr. 18 min. ago Related News

Amanda Blackwood to step down as Metro Chamber CEO at the end of the year

Amanda Blackwood is leaving her position as CEO of the Sacramento Metropolitan Chamber of Commerce at the end of 2023, after six years of leading one of the region’s most influential business groups......»»

Source:  bizjournalsCategory: top~3 hr. 18 min. ago Related News

: Chinese moviegoers — starved for entertainment and craving normalcy — are set to put the country’s film industry back on top

China’s box office receipts this year have already hit the $1.5 billion mark, the quickest time it has done so on record......»»

Source:  marketwatchCategory: top~4 hr. 50 min. ago Related News

United Federation of Teachers to relocate Bronx office to Co-op City

JLL announced that the United Federation of Teachers (UFT) has leased 45,000-square-feet of office space at 2100 Bartow Ave., a four-story office building in the Co-op City area of the northeast Bronx. The UFT, which represents nearly 200,000 active and retired teachers and other professionals, will relocate its Bronx office... The post United Federation of Teachers to relocate Bronx office to Co-op City appeared first on Real Estate Weekly. JLL announced that the United Federation of Teachers (UFT) has leased 45,000-square-feet of office space at 2100 Bartow Ave., a four-story office building in the Co-op City area of the northeast Bronx. The UFT, which represents nearly 200,000 active and retired teachers and other professionals, will relocate its Bronx office from 2500 Halsey St. to occupy a portion of the fourth floor of the building, which was developed by Prestige Properties as part of the two-million-square-feet mixed-use Bay Plaza development in the Bronx. The new UFT office is expected to open in fall 2023. Originally built in 1988 and redeveloped in 2002, the 180,000-square-foot office building is located between I-95 and Hutchinson River Parkway.  It has extensive available parking, and is 12 blocks from the Gun Hill Road subway station, serviced by the 2 and 5 trains. JLL managing director Al Gutierrez and executive vice president Ian Ceppos represented the landlord in arranging the 20-year lease. The tenant was represented by Mark Boisi and Stephen Bellwood, of Cushman & Wakefield, and Neil Lipinski, of Lipinski Real Estate. “2100 Bartow Ave. provides the UFT with a revitalized office within a highly visible mixed-use development offering excellent transportation options, ample parking and affordable housing all within walking distance,” said Gutierrez. Added a spokesperson for the landlord, “We are delighted to welcome the UFT to 2100 Bartow Ave. where ownership has continually invested in upgrades that cater to the demands of today’s office tenants and attentive on-site management proactively addresses the desires of employees and visitors alike.” The post United Federation of Teachers to relocate Bronx office to Co-op City appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~5 hr. 1 min. ago Related News

The “New” New York Proposal and What It Could Mean for Commercial Real Estate

Last December, a panel of New York Ciity and State advisors led by Governor Kathy Hochul and Mayor Eric Adams published the “New” New York Panel for New York City: Making New York Work for Everyone. In what they deemed a new era of collaboration between city and state, the... The post The “New” New York Proposal and What It Could Mean for Commercial Real Estate appeared first on Real Estate Weekly. Last December, a panel of New York Ciity and State advisors led by Governor Kathy Hochul and Mayor Eric Adams published the “New” New York Panel for New York City: Making New York Work for Everyone. In what they deemed a new era of collaboration between city and state, the ambitious proposal sets forth three major goals, which are comprised of 40 detailed initiatives: Reimagine New York’s Business Districts as Vibrant 24/7 Destinations Make it Easier for New Yorkers to Get to Work Generate Inclusive, Future-Focused Growth This roadmap for the City’s future addresses a variety of concerns, ranging from the need for more flexible zoning in business districts, the ever-looming housing crisis, the affordability of childcare, and overall city safety and cleanliness. While this is undoubtably a pivot in the right direction, the real challenge lies in bringing these aspirations to life. In the three years since the pandemic began, New York City has largely reopened and continues to recover to near pre-COVID levels. According to Avison Young’s data, office visitor volume in Manhattan continues towards stronger in-person visitation, reaching just over half of 2019 levels and surpassing Q3 2022 (51%). In some submarkets such as Midtown Core, Chelsea, and Times Square, the numbers are even more positive at 67.4%, 68.2%, and 69%, respectively. However, through this process, the rigidness of the existing zoning governance has been underscored. Many Class B/C offices sit partially or entirely vacant and current zoning laws make it challenging to convert to a residential use, particularly in and around Midtown Manhattan. The code states that any office in a zoning district that allows residential use can convert if it complies with bulk regulations. Given the architectural differences between office and residential buildings, this is often physically and/or financially infeasible. There are, however, a set of more flexible standards (light, air, yards) for conversion that a building may use if it meets certain criteria: Located in a district that allows residential use Located south of 59th Street, parts of inner Brooklyn and Queens, Downtown Jamaica, St. George or Coney Island special districts or in a special mixed-use district Building built before 1961, before January 1977 in Financial District (FiDi), Jamaica, Coney Island or St. George or before January 1997 in special MX districts. The 1961 cutoff has severely hampered office to residential conversions in Midtown which is why the majority of office-to-residential conversions have occurred in lower Manhattan where the cutoff of 1977 is more lenient. One of the initiatives brought forth in the Plan proposes extending this threshold to December 1990, a change that would unlock approximately 120 million-square-feet (sf) of potential office space conversions in Manhattan. There is also discussion around re-evaluating high-density Midtown zones that do not allow new residential use such as areas between West 23rd Street and West 41st Street that are currently zoned as manufacturing districts. While these proposals are great in theory, some form of tax relief should be introduced in order to make conversion projects pencil. High construction costs, coupled with the increased tax rate associated with residential and the inability to pass-through real estate taxes to tenants, puts a great deal of burden on a landlord, not to mention the fact that there will likely not be affordable requirements attached to any zoning changes. Additionally, the New York City Council and Planning Departments are severely understaffed, impacting the timeline for any zoning text updated. Environmental reviews are also required to make amendments, and these processes are also long and costly. Another initiative of particular interest for those in the commercial real estate industry is around reducing the barriers of housing growth to address the current housing crisis faced by the City. A recent Commercial Observer article states: “as the population is expected to hit 9 million by 2030, something that has not escaped the attention of city officials since a similar New York University study came out in 2016. AKRF, an environmental, planning and engineering consulting firm, and REBNY released their own study this week, however, that highlights the progress — or lack thereof — the city has made in meeting this need. Projects currently in the pipeline only meet about 14 percent of this demand.” To remedy this, the Plan establishes a “moonshot” goal of adding 500,000 units to the supply over the next decade. This would require regulatory and legislative changes as the New York State Multiple Dwelling Law currently establishes a state-level FAR cap of 12.00x. If this cap were removed, city officials would be able to cherry-pick areas in which an increase in density would result in buildings that seamlessly fit in with the neighborhood fabric. In Midtown, for example, many commercial developments far exceed 12.00x FAR, so larger housing projects would integrate quite nicely. Lifting the FAR cap would also target office conversions in under-utilized buildings, especially ones where larger floorplates without access to windows limits conversion potential. In many cases, these buildings are “overbuilt” for residential floor area, so developers are limited in terms of what they can do because if they were to entirely tear the buildings down, the residential projects replacing them would be much smaller. On the other hand, trying to force a square peg into a round hole and retrofitting an office building to meet residential use requirements can be extremely costly and complicated (cutting out interior light-wells, etc.). If the New York City and State can come together to lift this cap and amend the Multiple Dwelling Law for the betterment of the city, it would undoubtably result in an influx of new construction and conversion projects. However, New York City is facing an affordability crisis, and any changes to the zoning or legislature pertaining to housing creation/conversions is destined to include affordable requirements. With the 421a- program now expired, new tax benefits to facilitate multifamily development must be introduced. In the 1decade leading up to 2020, 90% of rental units built in the City relied on some form of tax relief, and the 421-a program was used in 68% of multifamily units constructed between 2010-2020. These statistics demonstrate the power of this essential resource and its impact on the development pipeline. Governor Hochul’s initial replacement program proposal, 485-w, didn’t make it through the last budget. This program would have required deeper affordability tranches than the 421a, making it unlikely for any projects in Manhattan or prime neighborhoods in the boroughs to pencil, and even so, the plan failed to gain support and was rejected when it was brought to a vote. Clearly, it remains to be seen if the ultra-left-leaning anti-real estate force in the New York government will be able to pass any meaningful tax program. As the conclusion of the “New” New York Plan clearly states, the successful implementation of all or parts of this plan will require “an effective and motivated government with appropriate and clear accountability and organizational structures in place.” There is an opportunity for real change to occur, but it cannot happen without a long-term partnership between City and State and a true alignment of goals. If government officials can set aside their political differences to focus on making New York the best place to live and work, there is an exciting future ahead and the positive impact on commercial real estate could be huge. The post The “New” New York Proposal and What It Could Mean for Commercial Real Estate appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~5 hr. 1 min. ago Related News

Friday links: getting new stuff

MarketsThe cannabis industry has sat out the 2023 market rally. (toddharrison.substack.com)Why it's not likely worth your time trying to eke out returns in dying industries. (rationalwalk.com)In praise of not tinkering with your portfolio. (mutualfundobserver.com)AppleThe Apple ($AAPL) iPad is having its moment. (macworld.com)Why Apple ($AAPL) devices keep erroneously calling 911. (nytimes.com)People are interacting less and less with voice assistants. (bbc.com)EconomyThe January NFP showed a big jump in payrolls. (calculatedriskblog.com)Let's take a moment to celebrate the strong jobs economy. (stayathomemacro.substack.com)Covid is fading as an explainer for the U.S. economy. (axios.com)Why restaurants are still having a hard time finding workers. (washingtonpost.com)Earlier on Abnormal ReturnsPodcast links: turning the table. (abnormalreturns.com)What you missed in our Thursday linkfest. (abnormalreturns.com)Longform links: a source of envy. (abnormalreturns.com)Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)Mixed mediaTed Goia, "My conclusion isn’t just that ChatGPT is another con game—it’s the biggest one of them all." (tedgioia.substack.com)ChatGPT generates words, not necessarily facts. (theconversation.com)Why new technologies, like ChatGPT, end up adding work, instead of replacing it. (theatlantic.com)When it comes to generative AI, most people don't care about plagiarism. (veryfineday.substack.com).....»»

Source:  abnormalreturnsCategory: blog~5 hr. 2 min. ago Related News

Amazon"s attempt to disrupt grocery market not going as planned

Amazon CEO Andy Jassy says the company is not expanding its Amazon Fresh stores until it finds a formula that will work, as the retailer struggles to gain ground in the grocery market......»»

Source:  foxnewsCategory: market~5 hr. 34 min. ago Related News

Japan startup selling $550,000 Star Wars-inspired hoverbike to list on NASDAQ

Aerwins who has created a Star Wars inspired hover bike, known in the movies as speeders, will list on the NASDAQ after merging with a SPAC called Pono Capital Corp......»»

Source:  foxnewsCategory: market~5 hr. 34 min. ago Related News

Options Automated Market Maker Lyra Deploys to Arbitrum Network

With the Newport upgrade, Lyra is also now integrated with GMX perpetuals, allowing users to benefit from improved capital efficiency and user experience......»»

Source:  coindeskCategory: forex~6 hr. 2 min. ago Related News

Filecoin Creator Protocol Labs Cuts 21% of Staff

Protocol Labs, the company behind decentralized file storage network Filecoin, is laying off 21% of its staff, CEO Juan Benet announced in a blog post on Friday......»»

Source:  coindeskCategory: forex~6 hr. 2 min. ago Related News

Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt

Fintech investment firm 1754 Finance, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments......»»

Source:  coindeskCategory: forex~6 hr. 2 min. ago Related News

Sam Bankman-Fried"s Emergent Fidelity Technologies Files for Bankruptcy

Emergent is owner of 56 million shares of online brokerage Robinhood......»»

Source:  coindeskCategory: forex~6 hr. 2 min. ago Related News
Source:  benzingaCategory: blog~6 hr. 18 min. ago Related News

Silo Pharma, Mindset Pharma, Terran Biosciences Receive Psychedelic Treatments Patents, IP Portfolios Expanded

Silo Pharma Sees Growth In IP With New US Patent For Novel Ketamine Method On Stress-Induced Affective Disorders read more.....»»

Source:  benzingaCategory: blog~6 hr. 18 min. ago Related News

Xbox CEO Phil Spencer"s Shocking Revelation About Activision Blizzard Takeover

In an interview with IGN, Xbox CEO Phil Spencer revealed that before Microsoft Corp.'s (NASDAQ: MSFT) $68.7 billio read more.....»»

Source:  benzingaCategory: blog~6 hr. 18 min. ago Related News

Want To Stay Verified On Twitter? It Could Cost You $1,000 Per Month

In what could be added to the list of efforts by Elon Musk to drum up more revenue for Twitter, reports surfaced Friday that the company was considering charging brands $1,000 per month to remain verified. read more.....»»

Source:  benzingaCategory: blog~6 hr. 18 min. ago Related News

Robinhood Raises Interest Rates To 18x National Average: What Investors Need To Know

Robinhood Markets Inc (NASDAQ: HOOD) is offering interest rates on uninvested cash at 18 times the national savings rate. read more.....»»

Source:  benzingaCategory: blog~6 hr. 18 min. ago Related News

Roofstock onChain Announces Sale Of Alabama Rental Property Via NFT On Ethereum Blockchain

Digital real estate platform Roofstock announced on Friday the successful sale of a rental property in Alabama through a non-fungible token (NFT) enabled by Roofstock onChain (ROC), its Web3 subsidiary. read more.....»»

Source:  benzingaCategory: blog~6 hr. 18 min. ago Related News

Jury clears Elon Musk of wrongdoing related to 2018 Tesla tweets

In 2018, Musk tweeted that he had the financing to take Tesla private even though it turned out he hadn’t gotten an iron-clad commitment for an aborted deal that would have cost $20 billion to $70 billion to pull off.In 2018, Musk tweeted that he had the financing to take Tesla private even though it turned out he hadn’t gotten an iron-clad commitment for an aborted deal that would have cost $20 billion to $70 billion to pull off......»»

Source:  chicagotribuneCategory: top~6 hr. 18 min. ago Related News
Source:  marketwatchCategory: top~6 hr. 34 min. ago Related News

Mark Hulbert: Are we in a new bull market for stocks?

We may be in a new bull market for stocks. But the bad news is the rally may have already gotten ahead of itself......»»

Source:  marketwatchCategory: top~6 hr. 34 min. ago Related News

: Chip sales hit a record in 2022, even as a pandemic shortage turned into a glut

Global chip sales managed to rise slightly to a record high in 2022 even as a two-year pandemic-driven chip shortage flipped to a glut midyear......»»

Source:  marketwatchCategory: top~6 hr. 34 min. ago Related News

: RH to restate quarterly results after errors in earnings-per-share calculations

RH, the retailer formerly known as Restoration Hardware, said in a filing late Friday that it will restate per-share earnings results for several periods......»»

Source:  marketwatchCategory: top~6 hr. 34 min. ago Related News

The Tell: A pre-jobs data bet may have have netted trader $10 million profit, report says

A bet on fed-funds futures just ahead of Friday's January jobs report may have netted a trader a $10 million profit, according to Bloomberg......»»

Source:  marketwatchCategory: top~6 hr. 34 min. ago Related News

: Tesla’s Elon Musk found not liable in ‘funding secured’ trial

Tesla Inc. Chief Executive Elon Musk was found not liable on Friday in a federal trial in San Francisco around his "funding secured" and other tweets in 2018......»»

Source:  marketwatchCategory: top~6 hr. 34 min. ago Related News

: Ryan Reynolds–owned soccer club Wrexham will play in $1 million winner-take-all U.S. tournament

Actors Ryan Reynolds and Rob McElhenney made a highly publicized purchase of soccer club Wrexham in 2020. The club will play in the Soccer Tournament this summer......»»

Source:  marketwatchCategory: top~6 hr. 34 min. ago Related News

United States Lime & Minerals Reports Fourth Quarter and Full Year 2022 Results and Declares Regular Quarterly Cash Dividend

DALLAS, Feb. 03, 2023 (GLOBE NEWSWIRE) -- United States Lime & Minerals, Inc. (NASDAQ:USLM) today reported fourth quarter and full year 2022 results: The Company's revenues in the fourth quarter 2022 were $58.3 million, compared to $46.1 million in the fourth quarter 2021, an increase of $12.2 million, or 26.4%. For the full year 2022, the Company's revenues were $236.2 million, compared to $189.3 million in the full year 2021, an increase of $46.9 million, or 24.8%. Lime and limestone revenues were $57.8 million in the fourth quarter 2022, compared to $45.5 million in the fourth quarter 2021, an increase of $12.3 million, or 27.0%. For the full year 2022, lime and limestone revenues were $233.4 million, compared to $187.4 million in the full year 2021, an increase of $46.1 million, or 24.6%. The increase in revenues in the fourth quarter 2022, compared to the fourth quarter 2021, resulted primarily from increased sales volumes of the Company's lime and limestone products, principally due to increased demand from the Company's construction, industrial, and oil and gas services customers, as well as an increase in the average selling prices for the Company's lime and limestone products.   The increase in revenues in the full year 2022, compared to the full year 2021, resulted primarily from increased sales volumes of the Company's lime and limestone products, principally due to increased demand from the Company's construction, oil and gas services, and steel customers, and an increase in the average selling prices for the Company's lime and limestone products. The Company's gross profit was $16.8 million in the fourth quarter 2022, compared to $13.3 million in the fourth quarter 2021, an increase of $3.5 million, or 26.2%. Gross profit in the full year 2022 was $70.3 million, compared to $59.3 million in the full year 2021, an increase of $11.1 million, or 18.7%.   The Company's lime and limestone gross profit was $16.6 million in the fourth quarter 2022, compared to $13.0 million in the fourth quarter 2021, an increase of $3.6 million, or 27.6%. The Company's lime and limestone gross profit for the full year 2022 was $69.0 million, compared to $58.7 million in the full year 2021, an increase of $10.3 million, or 17.6%. The increases in lime and limestone gross profit in the fourth quarter and full year 2022, compared to the comparable 2021 periods, resulted primarily from the increased revenues discussed above, partially offset by increased production costs, principally from higher transportation, energy, labor, and supplies costs. Selling, general and administrative ("SG&A") expenses were $4.5 million in the fourth quarter 2022, compared to $3.7 million in the fourth quarter 2021, an increase of $0.9 million, or 23.4%. SG&A expenses were $15.6 million for the full year 2022, compared to $12.8 million in the full year 2021, an increase of $2.7 million, or 21.1%. The increases in SG&A expenses in the 2022 periods, compared to the comparable 2021 periods, were primarily due to increased personnel expenses. The Company reported net income of $10.8 million ($1.90 per share diluted) and $45.4 million ($8.00 per share diluted) in the fourth quarter and full year 2022, respectively, compared to $7.6 million ($1.34 per share diluted) and $37.0 million ($6.54 per share diluted) in the fourth quarter and full year 2021, respectively, reflecting increases of $3.2 million, or 41.8%, and $8.4 million, or 22.6%, respectively. "We are pleased with our performance in the fourth quarter and the year. We addressed the year's inflationary and supply chain challenges by working closely with our valued customers and suppliers and implementing efficiencies in our lime and limestone operations," said Timothy W. Byrne, President and Chief Executive Officer. Dividend The Company announced today that the Board of Directors has declared a regular quarterly cash dividend of $0.20 per share on the Company's common stock. This dividend is payable on March 17, 2023 to shareholders of record at the close of business on February 24, 2023. United States Lime & Minerals, Inc., a NASDAQ-listed public company with headquarters in Dallas, Texas, is a manufacturer of lime and limestone products, supplying primarily the construction (including highway, road and building contractors), industrial (including paper and glass manufacturers), metals (including steel producers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), roof shingle manufacturers, agriculture (including poultry and cattle feed producers), and oil and gas services industries. The Company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma and Texas through its wholly owned subsidiaries, Arkansas Lime Company, ART Quarry TRS LLC (DBA Carthage Crushed Limestone), Colorado Lime Company, Mill Creek Dolomite, LLC, Texas Lime Company, U.S. Lime Company, U.S. Lime Company – Shreveport, U.S. Lime Company – St. Clair, and U.S. Lime Company – Transportation. In addition, the Company, through its wholly owned subsidiary, U.S. Lime Company – O & G, LLC, has royalty and non-operating working interests pursuant to an oil and gas lease and a drillsite agreement on its Johnson County, Texas property, located in the Barnett Shale Formation. Any statements contained in this news release, including, but not limited to, statements relating to the impact of increasing costs and supply chain issues, that are not statements of historical fact are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to publicly update or revise any forward-looking statements, and investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from expectations, including without limitation those risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. (Tables Follow)United States Lime & Minerals, Inc.CONDENSED CONSOLIDATED FINANCIAL DATA(In thousands, except per share amounts)(Unaudited)                                 Three Months Ended   Year Ended       December 31,   December 31,          2022        2021        2022        2021     INCOME STATEMENTS                                                       Revenues   $ 58,292     $ 46,108     $ 236,150     $ 189,255     Cost of revenues     41,488       32,789       165,808       129,995     Gross profit   $ 16,804     $ 13,319.....»»

Source:  benzingaCategory: earnings~6 hr. 50 min. ago Related News

Technical Communications Corporation Reports Results for the Fiscal Quarter Ended December 24, 2022

CONCORD, Mass., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Technical Communications Corporation (OTCQB:TCCO) today announced its results for the fiscal quarter ended December 24, 2022. For the quarter ended December 24, 2022, the Company reported a net loss of $(849,000), or $(0.46) per share, on revenue of $122,000, compared to a net loss of $(613,000), or $(0.33) per share, on revenue of $423,000 for the quarter ended December 25, 2021. Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, "The impact of  the COVID pandemic has not resolved and continues to have negative effects on the financial condition of the Company. We continue to work closely with our customers in order to be able to move quickly once they are in a position to place orders. TCC continues to closely monitor expenses and is actively pursuing additional sources of liquidity." About Technical Communications Corporation For over 50 years, TCC has specialized in superior-grade secure communications systems and customized solutions, supporting our CipherONE® best-in-class criteria, to protect highly sensitive voice, data and video transmitted over a wide range of networks. Government entities, military agencies and corporate enterprises in over 115 countries have selected TCC's proven security to protect their communications. Learn more: www.tccsecure.com. Statements made in this press release or as may otherwise be incorporated by reference herein that are not purely historical constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include but are not limited to statements regarding anticipated operating results, future earnings, and the ability to achieve growth and profitability. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, including but not limited to the impact of the COVID-19 pandemic (including on customers) and governmental responses thereto; the effect of domestic and foreign political unrest; domestic and foreign government policies and economic conditions; changes in export laws or regulations; changes in technology; the ability to hire, retain and motivate technical, management and sales personnel; the risks associated with the technical feasibility and market acceptance of new products; changes in telecommunications protocols; the effects of changing costs, exchange rates and interest rates; and the Company's ability to secure adequate capital resources. Such risks, uncertainties and other factors could cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of the risks facing the Company, see the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 24, 2022 and the "Risk Factors" section included therein. Technical Communications Corporation Condensed consolidated statements of operations   Quarter Ended   12/24/2022 12/25/2021   (Unaudited)  (Unaudited) Net revenue $     122,000 $   423,000 Gross profit (loss) (27,000) 67,000 S, G & A expense 484,000 562,000 Product development costs 277,000 101,000 Operating loss (788,000) (596,000) Interest expense.....»»

Source:  benzingaCategory: earnings~6 hr. 50 min. ago Related News

Earnings Matter, But So Does Employment

In comments on the market, Daniel Berkowitz, investment director for investment manager Prudent Management Associates wrote: Earnings Matter A Fed-bounce and strong earnings from Meta Platforms Inc (NASDAQ:META) have provided another day of gains for equity investors. The rise in stock prices is certainly welcome as we turn the page from an abysmal year in […] In comments on the market, Daniel Berkowitz, investment director for investment manager Prudent Management Associates wrote: Earnings Matter A Fed-bounce and strong earnings from Meta Platforms Inc (NASDAQ:META) have provided another day of gains for equity investors. The rise in stock prices is certainly welcome as we turn the page from an abysmal year in 2022. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   With that said, we aren’t surprised that markets are brushing off Fed guidance regarding the future path of interest rates - the markets haven’t been buying what the Fed is selling for some time now. The rally in asset prices, in particular for those that were punished last year (like growth stocks and cryptocurrencies), generally reflects expectations that the Fed will have to cut rates throughout 2023 in response to economic slowdown. While this certainly isn’t an unreasonable outcome, we view it as a less likely scenario than the Fed sticking to its word and holding rates steady for the remainder of this year after reaching the desired terminal rate. Chairman Powell has noted that entrenched inflation is the worse of two evils when weighing inflation relative to a potentially steeper recession. At least part of today’s positive reaction is also related to the fact that Powell didn’t push back as forcefully as he could have (and has before) about the divergence in Fed-market expectations and the recent loosening of financial conditions. Employment-Cost Index Remains Stubbornly High From our perspective, already seemingly forgotten by the market is Tuesday’s employment-cost index reading, which remained stubbornly high at 5.1% year-over-year. Though the data showed movement in the right direction, current levels of wage growth are still running a few percentage points too hot to be consistent with the Fed’s 2% mandate.   The unemployment data released today showing a further decline in claims only further highlights the labor market’s current strength. The Fed is increasingly watching the labor market for signs of protracted inflation. Strong wage growth fuels inflation in that it’s often passed through as a cost via higher prices for consumers in addition to further buttressing consumer spending. And since the “transitory” pivot, the Fed has been explicit in that it will seek to avoid any echo of the 1970s wage-price spiral at all costs. Therefore, when Chairman Powell says the Fed has “more work to do”, we are not at this point in time as inclined, as the wider market appears to be, to dismiss his word. About Prudent Management Associates Prudent’s core investment philosophy focuses on minimizing risk over time. As a result, the company does not react to market events, but rather considers them in a larger context to develop a long-term outlook for the development and maintenance of investment portfolios......»»

Source:  valuewalkCategory: blog~6 hr. 50 min. ago Related News

S&P 500 – Welcome, Correction

S&P 500 continued higher on very good market breadth and with bond market support, but already yesterday I announced I was looking for a NFPs facilitated setback aka daily correction preceded by relatively shallow premarket session as job creation, unemployment rate, participation rate and hours worked all showed that the job market remains tight, spurring […] S&P 500 continued higher on very good market breadth and with bond market support, but already yesterday I announced I was looking for a NFPs facilitated setback aka daily correction preceded by relatively shallow premarket session as job creation, unemployment rate, participation rate and hours worked all showed that the job market remains tight, spurring fresh bets on hawkish Fed to the delight of dollar bulls. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Today‘s analysis will be brief as things have worked pretty fine – and you know I had been very busy this week on Twitter… I‘m so glad to hear how you‘ve been killing it in the markets! Let‘s keep charting our path! Daily supports are the badly test 4,145 followed by 4,085, which the bears would like to see reached today – and I think they can get halfway there today. For next week (not meaning Monday to be clear), we have.4,225 on the upside as the most ambitious target that would provoke a battle to get overcome. Chart courtesy of www.stockcharts.com. Hop on my Twitter feed and go through some more of the key events shaping up this week, announced as of Tue and today. High standards, transparency and quality of service rule! Keep enjoying the lively Twitter feed serving you all already in, which comes on top of getting the key daily analytics right into your mailbox. Plenty gets addressed there (or on Telegram if you prefer), but the analyses (whether short or long format, depending on market action) over email are the bedrock. So, make sure you‘re signed up for the free newsletter and that you have my Twitter profile open with notifications on so as not to miss a thing, and to benefit from extra intraday calls.   Thank you for having read today‘s free analysis, which is a small part of my site‘s daily premium Monica's Trading Signals covering all the markets you're used to (stocks, bonds, gold, silver, miners, oil, copper, cryptos), and of the daily premium Monica's Stock Signals presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates. While at my site, you can subscribe to the free Monica‘s Insider Club for instant publishing notifications and other content useful for making your own trade moves. Turn notifications on, and have my Twitter profile (tweets only) opened in a fresh tab so as not to miss a thing – such as extra intraday opportunities. Thanks for all your support that makes this great ride possible! Thank you, Monica Kingsley Stock Trading Signals Gold Trading Signals Oil Trading Signals Copper Trading Signals Bitcoin Trading Signals www.monicakingsley.co mk@monicakingsley.co All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice......»»

Source:  valuewalkCategory: blog~6 hr. 50 min. ago Related News

Breaking Down Blockchain: Decentralized, Transparent, And Secure

One of the stumbling blocks for people who want to get involved in blockchain is getting their head around the concept to begin with. To put it in the simplest possible terms, blockchain is a digital ledger of transactions distributed across a network of computers, which means it is decentralized and transparent. Each block in […] One of the stumbling blocks for people who want to get involved in blockchain is getting their head around the concept to begin with. To put it in the simplest possible terms, blockchain is a digital ledger of transactions distributed across a network of computers, which means it is decentralized and transparent. Each block in the blockchain contains a number of transactions. With each new transaction, a record of that transaction is added to the ledger. That decentralized database – that blockchain – is also known as distributed ledger technology. You can picture it like a digital version of Legoland. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   The best way to think of it is as a network of computers, similar to the internet except there are no central points where all the data is stored. The blockchain data is stored and copied on every computer or node in the network all over the world by whoever chooses to run a computer or node, which means the data is not controlled by a single group, party, or entity. (A node is a device or data point in a larger network. In networking, a node is either a connection point, a redistribution point, or a communication endpoint.) Every node on the network can be operated by anyone. If you download a bitcoin wallet, you’re probably running a bitcoin node without having to do anything to actively, or even knowingly, support the network. In addition to being decentralized, an important facet of the technology is the fact that it is secure. Every block of transactions is cryptographically secured through what is called a hash, which is a string of numbers and letters. Each unique hash can only be decrypted with a private key, or seed, provided by the person sending something via blockchain that has that hash attached to it. Now this may sound a little complicated, but at the most basic conceptual level, it is no different from buying a car or house and getting the unique set of keys to it along with your purchase. The Byzantine Generals Problem So why is blockchain such a game changer? The thing with blockchain is that it is the first time a network has been able to solve the Byzantine Fault Problem, also commonly known as the Byzantine Generals Problem. The problem is essentially this: Imagine you are in a battle and have an army attacking on two or more fronts; the enemy is strong enough to defend itself from one attacking army at a time but not two or more simultaneously. All parties must agree on a strategy and act in concert – otherwise your army will face complete failure and defeat. To add to the complexity, there may be officers, messengers, or other actors who are unreliable or corrupt working to undermine your victory. So how do you coordinate your soldiers to attack or retreat as one? If you are in multiple locations involving multiple decision-making processes and multiple actors, how do you reach consensus on what to do and execute that decision at the same time? While it is an interesting thought experiment, it is also a common real-world problem in many facets of society, including the internet. Blockchain creates consensus over the internet with transactions. It confirms transactions with many different nodes, which are then propagated as transactions across the network. It creates a permanent public record, so to speak. It takes the internet as it is today and adapts it to a completely digital world. What’s New About Blockchain? More and more of our everyday activity is taking place online. We have entered the age of the Internet of Things, wherein all devices are connected. We are sharing our lives and connecting online through social media, gaming, and other forums. We conduct our businesses, manage bank accounts, make purchases, and do a whole host of other things online. Blockchain opens up even more opportunities to do things online, but with one clear distinction: to have control over them. Let’s say you set up an Instagram account. You have ownership and control of your account – you can post whatever you like for the most part – but ultimately it’s not owned by you. The account is owned by the company. With blockchain/Web 3.0, you can create your own version of an Instagram account that no one can shut down or moderate. You can post anything, monetize it how you wish, take it with you anywhere (digitally or in the real world), and it connects to just about everything frictionlessly.   What Can You Do With Blockchain? If you’re a coder or developer, you can create a blockchain. The challenge is to create one that is efficient, cost-effective, secure, private, and scalable to millions if not billions of users and transactions – basically whatever your end user wants. Enter Vitalik Buterin. He is one of the most important people in the crypto space. Vitalik and a few other collaborators saw what Bitcoin was able to do, looked at the underlying technology that made it possible, and asked, “How can this decentralized, distributed network fulfill other uses?” Eventually they created Ethereum. Ethereum uses open-source blockchain technology to create other things that are decentralized, such as smart contracts. These are essentially self-executing contracts that do not require an entity to fulfill them. With a smart contract, you can do all kinds of things. It means you can eliminate a middleman. A smart contract establishes an agreement between party A and party B. For example, if you were to purchase real estate, you would normally need a broker. But using blockchain, you no longer need that broker to help navigate the legal and financial practices of the industry – in particular, the transferral of ownership. So there’s a crash course for you on blockchain. It is a flexible technology, and as such there are so many industries that blockchain will become an integral part of. We have only skimmed the surface of what can actually be done at scale. Article By Brandon Zemp About Brandon Zemp Brandon Zemp is an entrepreneur and investor. He made his mark early on as a trader in the fast-paced crypto market, and soon established his first company, BlockHash LLC, a blockchain consultancy providing educational resources for small business owners, students, developers, and investors......»»

Source:  valuewalkCategory: blog~6 hr. 50 min. ago Related News

The Most Popular Stock Trading Podcasts

InvestED is the most popular stock trading podcast, with the most Google searches per month Podcasts Animal Spirits and Mad Money are the second most popular podcasts, both receiving 1,400 searches per month worldwide Invest Like The Best is the third most popular stock trading podcast A new study reveals the most popular stock trading […] InvestED is the most popular stock trading podcast, with the most Google searches per month Podcasts Animal Spirits and Mad Money are the second most popular podcasts, both receiving 1,400 searches per month worldwide Invest Like The Best is the third most popular stock trading podcast A new study reveals the most popular stock trading podcasts, with InvestED taking the top spot as the most popular. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   The trading world has seen an ever-growing amount of interest over the past few years; worldwide searches for ‘how to get into trading’ increased 178%, and searches for ‘trading tips’ have seen a 195% increase over the past five years. Searches for ‘stock trading tips’ have increased by 204% worldwide over the past five years, proving how many people worldwide are interested in delving into the trading world. With the rise in popularity for podcasts skyrocketing over the past few years too, research was conducted to see which trading podcasts are the most popular. Ranking Most Popular Stock Trading Podcasts The research conducted by UK financial services provider CMC Markets explored Google search data by examining the average number of monthly searches for the top stock and trading podcasts, which resulted in a ranking of the most popular stock and trading podcasts. The most popular podcast in the rankings is InvestED, hosted by three-time New York Times best-selling author and hedge fund manager Phil Town and his daughter Danielle. The pair give advice and cast a light on the best investment strategies used by some of the most influential investors in the world. Stretching over 400 episodes, the father-daughter duo dominates the stock and trading podcast space, with fans worldwide tuning in to hear their advice. Searches for ‘InvestED podcast’ average at 1,600 searches per month worldwide, proving just how popular the podcast is. The following two podcasts in the rankings receive an average of 1,400 searches per month worldwide, placing them in joint second. The Animal Spirits podcast explores life, markets and investing and is hosted by Michael Batnick, a managing partner at Ritholtz Wealth Management and Ben Carlson, the author of the wealth management blog A Wealth of Common Sense. Their goal is to share their experiences in the markets and help make finance more understandable and accessible for their listeners. There are currently 454 episodes available for streaming, and with the podcast averaging 1,400 searches per month worldwide, fans are certainly listening to what they have to share. The Mad Money podcast is hosted by one of Wall Street’s most successful and influential money managers, Jim Cramer. The first episode was released in March 2005, and since then, the podcast has grown into a guide for people worldwide to become better investors. The podcast has a huge number of episodes, so there is plenty of advice on how to dominate the stock market. Cramer helps his listeners navigate the jungle of Wall Street investing in a lightning round where he offers his buy, sell and hold options to callers keen to hear his expertise. The third most popular stock trading podcast in the rankings is Invest Like The Best, hosted by Patrick O’Shaughnessy. This podcast provides insight into the minds of some of the best business and investment leaders across the globe, highlighting their trial-and-error methods of success and sharing stock market secrets exclusively to the show. The main goal of this podcast is to guide listeners on how to spend their time and money better, resulting in successful investment outcomes. Searches for ‘Invest Like the Best podcast’ average 1,000 searches per month worldwide, which secures its third-place spot in the rankings. The Meb Faber show is the fourth most popular stock trading podcast, averaging 400 monthly searches for the ‘Meb Faber podcast’ worldwide. The podcast aims to help listeners grow through wealth by making smarter investment decisions alongside featuring an array of top investment professionals dishing out their wisdom regarding investments. The podcast currently stretches to 526 episodes and is hosted by Meb Faber, a co-founder and Chief Investment Officer of Cambria Investment Management. Faber has also written numerous successful books and is a frequent speaker on investment strategies which is why fans worldwide are keen to be regular listeners of the podcast.   The following two podcasts in the rankings receive an average of 300 searches per month worldwide, placing them in joint fifth. With currently over 1,000 episodes, is Motley Fool Money, a multi-viewpoint podcast hosted by investment genius Chris Hill, in which he is joined by a team of top investment analysts who explore the day's top headlines in finance and business. The podcast is aimed at business-driven investors and helps to break down the stock market by sharing the perspectives of Hill’s special guests. We Study Billionaires is currently strung over 650 episodes and has gained over 95 million downloads. Hosted by Stig Broderson, Clay Finck and Trey Lockerbie, We Study Billionaires is the chief podcast of The Investor’s Podcast Network. During the show, the hosts are joined by some of the industry's most famous financial billionaires, who guide listeners on applying the best strategies and methods in the stock market. The Most Popular Stock Trading Podcasts Rank Podcast Name Search Term Global Monthly Search Volume 1 InvestED Invested Podcast 1,600 2 Animal Spirits / Mad Money Animal Spirits Podcast Mad Money Podcast 1,400 3 Invest Like the Best Invest Like the Best Podcast 1,000 4 The Meb Faber Show Meb Faber Podcast 400 5 Motley Fool Money We Study Billionaires Motley Fool Money Podcast We study Billionaires Podcast 300.....»»

Source:  valuewalkCategory: blog~6 hr. 50 min. ago Related News

First-Time Investor? Here Are 9 Mistakes You Want To Avoid

Investing is one of the best ways to build wealth and secure your financial freedom as you get older, especially post-retirement. But if you’re looking to get into the investment game now, you need to beware of certain investing mistakes that are easy for first-time investors to make. Read on for 9 beginner investing mistakes […] Investing is one of the best ways to build wealth and secure your financial freedom as you get older, especially post-retirement. But if you’re looking to get into the investment game now, you need to beware of certain investing mistakes that are easy for first-time investors to make. Read on for 9 beginner investing mistakes to avoid. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Investing Without a Plan First and foremost, investing without a plan is never a good idea, even if you receive a 100% guaranteed profitable stock investing tip from a friend or financial expert. When you put money into the market, you need to know: What is the purpose of that money When you’ll take the money out (“take profit”) For example, if you are investing for retirement, you should have retirement investment goals and immediately take money out of the market when you hit those goals. The sooner you have an investment plan, the sooner you can make wise decisions for your portfolio.  Buying Without Research Similarly, you should never purchase a stock, ETF (exchange-traded fund), or another market instrument without extensive research beforehand. If you don’t know what to look for, rely on the advice of a financial advisor who has already done the research for stocks and the market at large and who can make good decisions based on your financial goals and existing savings. Misunderstanding Investing Fees It’s also a mistake to misunderstand investment fees. When you invest your money in the stock market, you’ll use an investing platform like Fidelity, Due, or something else. Many of these platforms charge minor fees, but that’s not necessarily a bad thing! In fact, as a first-time investor, it’s often beneficial to spend $10 or more to get the help and advice of financial advisors so you don’t move your money around unwisely. Don’t think of investing fees as always bad news. Sometimes, they’re necessary to make the most of the stock market. Chasing Trends Never chase temporary, hot-button trends when it comes to investing. Those trends might appear attractive and potentially profitable, but they are impossible to predict by nature. If you’re unlucky, you could put a lot of money into a trending stock, only for that stock’s value to decrease the next day, causing you to lose a lot of money. Watching the Market 24/7 You’ll drive yourself crazy if you watch the stock market and its endless arrays of charts, lines, and bar graphs 24/7. It’s much better to invest your money and then move on to something else. Check the market every day or week, depending on your goals and the kinds of investments you’ve made. But don’t spend all your time and attention on the market, or you’ll become impatient and potentially make other first-time investing mistakes. Following Dubious Advice There’s a lot of bad investing advice on the internet, particularly on social media sites, posted by “gurus” who claim to know the secrets to making tons of money. In truth, the best advice isn’t free or readily shared on Facebook. Try to avoid following dubious advice from people you don’t know or trust, especially those advisors with no real-world credentials to back up their claims. Investing Money You Don’t Have When you invest in the market, only put the money you can afford to lose in stocks, bonds, or other assets. For example, if you’ve been saving up to buy a home, resist the urge to invest that money anywhere until you’re ready to buy your property. Even in the best cases, no one can predict how the market will turn with 100% certainty. Investing money you may need elsewhere soon could jeopardize your financial future or harm your ability to make mortgage payments and cover other essential living expenses.  Developing Company Loyalty From time to time, you might become emotionally attached to a specific company and may want to purchase its stocks for reasons other than making money. This is a beginner’s mistake. It’s much wiser to avoid developing any loyalty for companies you invest in. At the end of the day, they’re businesses looking to make money – they have the same goal as you do. The company doesn’t have any loyalty to you, so you should feel no qualms about selling your stocks or other assets in those companies in favor of different investments if the price is right. Delaying Investing One of the biggest mistakes you can make as a first-time investor is delaying investing. The earlier you put money in the market, even if it’s in a slow-growth, low-risk mutual fund, the more money you’ll have when you retire. Putting money into the market earlier is also better if you’re young since any hypothetical market downturns or bear markets will likely turn back up by the time you need to withdraw your investment cash for retirement or other purposes. The sooner you start investing, the better, so get started now, even if it’s just kicking in $50 a month into a safe mutual fund.   Bonus Mistake: Being Impatient Here’s one last mistake you should avoid as a first-time investor: being impatient. When you invest money into a company or any other asset, remember that it will take time to grow in value. “Meme” stocks that catapult in value over a few days or weeks are rare, so don’t let those fool you into thinking they are the norm. Instead, it’s more common for your investments to take years or decades to pay off. That’s okay! The last thing you need to do is be impatient and constantly withdraw your money in pursuit of short-term riches. If you’ve made wise investments or are following the advice of a knowledgeable financial advisor, you can let your money sit and grow without any attention on your part. Final Words Investing for the first time can be exciting, but it can also be risky. Stay smart and cautious, and consider signing up for a financial advisor or retirement advisory service like Due so you can learn the ropes of smart, profitable investing. Article by Kiara Taylor, Due About the Author Kiara Taylor is a financial writer and Research Analyst. She is an expert at risk-based modeling having worked in the finance vertical for the past twenty years. She has a Master's Degree in Finance from Ohio State and has worked at Fifth Third Bank, J.P. Morgan and Citi in emerging markets and equity research......»»

Source:  valuewalkCategory: blog~6 hr. 50 min. ago Related News

UBS Upgrades FinVolution Group (FINV)

On February 1, 2023, UBS upgraded their outlook for FinVolution Group (NYSE:FINV) Group from Neutral to Buy. Analyst Price Forecast Suggests 11.19% Upside As of February 2, 2023, the average one-year price target for FinVolution Group is $6.42. The forecasts range from a low of $5.74 to a high of $7.21. The average price target […] On February 1, 2023, UBS upgraded their outlook for FinVolution Group (NYSE:FINV) Group from Neutral to Buy. Analyst Price Forecast Suggests 11.19% Upside As of February 2, 2023, the average one-year price target for FinVolution Group is $6.42. The forecasts range from a low of $5.74 to a high of $7.21. The average price target represents an increase of 11.19% from its latest reported closing price of $5.77. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   The projected annual revenue for FinVolution Group is $13,065MM, an increase of 23.18%. The projected annual EPS is $9.65, an increase of 15.93%. What Are Large Shareholders Doing? Gold Dragon Worldwide Asset Management holds 16,548,051 shares representing 5.80% ownership of the company. In it's prior filing, the firm reported owning 17,673,940 shares, representing a decrease of 6.80%. The firm increased its portfolio allocation in FINV by 4.36% over the last quarter. Susquehanna International Group, Llp holds 16,488,262 shares representing 5.78% ownership of the company. No change in the last quarter. Allspring Global Investments Holdings holds 10,933,728 shares representing 3.83% ownership of the company. In it's prior filing, the firm reported owning 11,439,728 shares, representing a decrease of 4.63%. The firm decreased its portfolio allocation in FINV by 54.53% over the last quarter. EMGAX - Wells Fargo Emerging Markets Equity Fund holds 4,401,985 shares representing 1.54% ownership of the company. No change in the last quarter. VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares holds 2,140,019 shares representing 0.75% ownership of the company. No change in the last quarter.   Fund Sentiment There are 126 funds or institutions reporting positions in FinVolution Group. This is an increase of three owners or 2.44% in the last quarter. Average portfolio weight of all funds dedicated to US:FINV is 0.4252%, a decrease of 2.9441%. Total shares owned by institutions increased in the last three months by 1.46% to 70,249K shares. FinVolution Group Background Information (This description is provided by the company.) FinVolution Group is a leading fintech platform in China, connecting underserved individual borrowers with financial institutions. Established in 2007, the Company is a pioneer in China's online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company's platform features a highly automated loan transaction process, which enables a superior user experience. As of December 31, 2020, the Company had over 116.1 million cumulative registered users. Article by Fintel.....»»

Source:  valuewalkCategory: blog~6 hr. 50 min. ago Related News

The Bottom Is In For Meta Platforms, Volatility Is Not Over

Meta Platforms issued mixed results and sent shares skyrocketing, investors should be wary. The news puts a floor in action but may not sustain a rally just yet. The analysts are warming up to Meta again and volatility is the only thing certain in the outlook. 5 stocks we like better than Meta Platforms Meta […] Meta Platforms issued mixed results and sent shares skyrocketing, investors should be wary. The news puts a floor in action but may not sustain a rally just yet. The analysts are warming up to Meta again and volatility is the only thing certain in the outlook. 5 stocks we like better than Meta Platforms Meta Platforms (NASDAQ:META), formerly known as Facebook, showed signs of a bottom long before the Q4 results were released. However, the combination of technical activity and analysts’ sentiment had the stock in a rebound from 7-year lows, which was confirmed by the Q4 results. The question now is if this will be a Vee-shaped recovery for the stock or if there is something more investors should be prepared for. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   The key takeaway from Facebook's report isn't that business us good; it's that it isn't getting any worse, which is enough for the market right now. Add in the new catchphrase, "the year of efficiency", and the stage is set for a larger recovery in share prices, but now it's time for the company to prove itself. Facebook Pops On Mixed Results Facebook reported what can only be called a mixed quarter and is mixed in ways unfavorable to higher share prices. The revenue of $32.17 billion beat the consensus estimate by $0.480 billion, which is good, but the margin of outperformance is slim; revenue is down 4.5% from last year, and margins contracted severely. Also mixed was news about DAP/MAPs and DAU/MAUs. The number of daily and monthly users rose in all metrics but did not result in an increase in revenue or aid the margin. Margins are impacted by restructuring, so that must be factored in, but a restructuring does little to improve the company's ability to monetize its traffic, only its costs. Regarding the earnings, the company reported $1.76 in GAAP earnings, which fell nearly 50% YOY and missed the Marketbeat.com consensus estimate by almost $0.50. The good news is that capital plans are still in effect, share repurchases have been increased, and strategies for "efficiency" are in the works, but these earnings are still very poor. The company will regain some margin as restructuring costs diminish, but how much and will it be able to improve monetization? Turning to the guidance, this news is also very mixed. Again, the good news is that guidance is as expected, but the bad news is that it's only as expected, and the bottom line is getting aided by a reduction in CAP-EX. This raises the question of how efficiency will impact the company's future. Saving money now is good, but foregoing reinvestment could hamper profitability in the future. And then there is the new repurchase plan. $40 billion in repurchases will help support price action, but could this money be spent in better ways? Bottom line, Meta's results and plans are what the market needed to hear, but they may not be enough to sustain a prolonged rally just yet, even if share prices move higher today. The Analysts Are Pushing The Stock Higher The analysts are pushing this stock higher so Meta stock could be expected to rally another potential 30%. There have been at least 22 commentaries released since the report was issued all including a price target reduction and three come with upgrades. The consensus price target is now at $199, which is up in the one and 3-month comparison but still below a potentially strong level of resistance. Since this stock has not yet had a major correction since the rebound began, investors should expect one to come. It may not happen at the $180 level, but it should be expected to begin at the $200 level if not sooner. In addition, the stock is already up a solid 100% since hitting its bottom, which is an attractive trigger for profit-taking.   Looking at the chart, the question is whether this is a VEE-bottom. If it is, the market should plow right through the $180 level on its way to $200, and then that barrier should fall fairly quickly. If not, the market should expect a double-bottom or even a head & shoulders to form, and those could take several quarters to play out and could even hit new lows before a rally truly takes hold. Should you invest $1,000 in Meta Platforms right now? Before you consider Meta Platforms, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list. While Meta Platforms currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Thomas Hughes, MarketBeat.....»»

Source:  valuewalkCategory: blog~6 hr. 50 min. ago Related News

Harley-Davidson Inc. Stock, Is It Time To Buy?

Harley-Davidson beat on the top and bottom lines and kick-started a rally. Profitability is on the rise and powering a robust dividend outlook. An increase to pre-pandemic levels is possible and worth 100% to current investors. 5 stocks we like better than Harley-Davidson Harley-Davidson (NYSE:HOG) has not had an easy time over the past 5 […] Harley-Davidson beat on the top and bottom lines and kick-started a rally. Profitability is on the rise and powering a robust dividend outlook. An increase to pre-pandemic levels is possible and worth 100% to current investors. 5 stocks we like better than Harley-Davidson Harley-Davidson (NYSE:HOG) has not had an easy time over the past 5 or 6 years, but those tough times are rapidly falling behind. The company’s Hardwire strategic plan and the push into EV via the LiveWire segment are gaining traction and have this stock set up for a good year in 2023. Economic conditions may still impact the business, but it has surpassed the pre-pandemic levels, which is good news for investors. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. The real takeaway in all this is the outlook for the dividend. The dividend was cut sharply in 2020 to help preserve capital in the face of the pandemic shutdowns, and it has not been reinstated to its previous glory. The company has increased the payment twice since the cut and is on track to raise it again at the next declaration. That declaration is due anytime and could be a compelling catalyst for investors. As it is, the company’s dividend payout is worth about 1.35% in yield, which is only 12% of the earnings projection. Because the company is outperforming the Marketbeat.com consensus estimate smartly, it is possible the next declaration could bring the payment close, if not back to the previous level, which would be an increase greater than 100%. Harley-Davidson Has Strong Quarter, Guides Higher Harley-Davidson had a strong quarter in Q4 , and it was able to guide the market higher. The company reported $1.14 billion in revenue, up 11.8% over last year and beat the Marketbeat.com consensus estimate by 250 basis points. The gain was driven by sales of motorcycles and apparel that shrunk the operating loss for the HDMC Segment by more than 50%. That loss was more than offset by the HDFS segment, even with the 30% decline in operating profit. This left the GAAP earnings at $0.28, which is not only up 100% from last year but negates an expected decline and beats the consensus figures by $0.23. Looking forward, the company is expecting the core HDMC segment to grow by 4% to 7% in 2023 and to drive business for the HDFS segments. The Livewire segment is expected to deliver a minimum of 750 wholesale vehicles in 2023, which is an increase greater than 1000%. These targets are above the Marketbeat.com consensus expectations and are helping to drive the stock higher now. The Analysts Might Drive HOG Even Higher The analyst's sentiment has cooled over the past year, but they are still holding on to the stock. The consensus rating is pegged at a strong Hold with a price target that assumes the stock is fairly valued at current levels but has been firming over the last month. Marketbeat.com has yet to track any new commentaries, but the expectation is for higher price targets if not upgrades and the institutional activity is promising as well. Net activity has been mixed over the past year but slacked off at the end of 2022 and turned bullish in the first month of 2023. If this trend continues the stock should move sideways at current levels if not move higher.   Turning to the chart, shares of HOG are up 8% on the news and have the market on track to confirm a major reversal. A move above $52 would put the stock at pre-COVID highs and on track to reclaim the previous all-time highs near $70. That’s a gain of 40% and it could happen over the next year to 18 months. Should you invest $1,000 in Harley-Davidson right now? Before you consider Harley-Davidson, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Harley-Davidson wasn't on the list. While Harley-Davidson currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Thomas Hughes, MarketBeat.....»»

Source:  valuewalkCategory: blog~6 hr. 50 min. ago Related News

Mullen Automotive Stock Gains Momentum On Positive News

Mullen Automotive shoots higher on good news yet again. The bears are still out in force but there are signs they are weakening. If this stock gets about $0.40 it could move up to $0.60 PDQ. 5 stocks we like better than Mullen Automotive Mullen Automotive (NASDAQ:MULN) did it again. The company released more good […] Mullen Automotive shoots higher on good news yet again. The bears are still out in force but there are signs they are weakening. If this stock gets about $0.40 it could move up to $0.60 PDQ. 5 stocks we like better than Mullen Automotive Mullen Automotive (NASDAQ:MULN) did it again. The company released more good news that has the market moving higher. The latest news in a string of positive events that could launch this company to success is a new pilot program at LAX. The program collaborates with Menzies and builds on the partnership formed with Loop Capital last fall. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. Menzies is the world’s largest airport services company, operating at 250 airports in 58 countries. Its fleet comprises 8,000 vehicles and it wants to upgrade to electric as part of its ambitious plan to reach net neutrality by 2033. What this means for Mullen and Loop is a 60-day opportunity to prove their value. Mullen will supply class-1 EV cargo test vans that will be evaluated in multiple use cases across LAX. Loop will provide the EV-charging infrastructure and fleet management software. The combination should enable the active use of EVs in virtually all scenarios, including recharging and maintenance. Among Loop’s offerings is cloud-based EVFMaaS or EV fleet management as a service which is a budding and potentially lucrative new industry. “Collaborating with suppliers, airports, and our airline customers is vital for Menzies to achieve its sustainability goals. We have committed to switching to electric vehicles wherever possible to reduce our carbon emissions; however, charging infrastructure can be a barrier, so it’s great to work with Mullen and Loop to pilot a solution at LAX. Early feedback is positive, and I’m looking forward to seeing the results from this collaboration,” said John Redmond, executive vice president of Americas, Menzies Aviation. What Does This Mean For Mullen Shareholders? So, what does this mean for Mullen shareholders? Assuming the pilot program is successful, it could result in another order for several thousand EV vehicles. That would be yet another resounding vote of confidence in the company and one that proves demand. In this scenario, Mullen Automotive may find it increasingly easier to find willing partners with the cash to ensure operations and production gets off to a good start. In this light, as speculative as it may be, the company may not have to lean into capital-raising activities like a dilutive share sale. It might also mean the share price would move higher, which is why the stock is moving higher now. The short interest in Mullen Automotive has ticked lower over the last week or so, but it remains very high at 47% and this could be driving share prices higher. The risk in the news trend is that Mullen will succeed, if not with Menzies then with one of its other ventures and this may have some short-sellers getting nervous. Penny stocks like this one can see wicked-fast price swings that take action up or down by high-double to triple digits with no apparent cause, and there are a growing number of catalysts for this one. The recent string of new hires is consistent with the idea production will start soon. The company is expected to begin delivering the first of the 6,000 vans ordered by the Randy Marion Group by the end of the quarter so the expectations are high. This, along with the first sales of the I-Go in Europe, would be another mover for the stock and one the short-sellers could not ignore. The Technical Outlook: Mullen Is A Coiled Spring The price action over the last few quarters has Mullen Automotive wound up like a tightly coiled spring. The market has been bouncing between downward-sloping resistance and upward-sloping support, which is coming to a head very soon.   The latest action has the price moving upward toward the top of the range, but short-sellers may meet it. If so, the wind-up will continue until the next news is released. If not, this stock may keep increasing, and the next target for resistance is near the $0.60 level or 50% above the current action. Should you invest $1,000 in Mullen Automotive right now? Before you consider Mullen Automotive, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mullen Automotive wasn't on the list. While Mullen Automotive currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Thomas Hughes, MarketBeat.....»»

Source:  valuewalkCategory: blog~6 hr. 50 min. ago Related News

Gold Is Shining Again (After the Fed Killed King Dollar…Again)

For weekend reading, Gary Alexander, senior writer at Navellier & Associates, offers the following commentary: After fueling inflation in 2021, the Fed’s greatest hits of 2022 are to destroy the housing market, injure the stock market, end a 40-year bond bull market, puncture the Bitcoin bubble, drive up the interest on the federal debt by […] For weekend reading, Gary Alexander, senior writer at Navellier & Associates, offers the following commentary: After fueling inflation in 2021, the Fed’s greatest hits of 2022 are to destroy the housing market, injure the stock market, end a 40-year bond bull market, puncture the Bitcoin bubble, drive up the interest on the federal debt by a factor of about five, and now it has even managed to dethrone King Dollar, once again. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   For the first 125 years of American history, 1788 to 2013, the dollar was stable under a program of gold and silver coinage drafted in 1792. Since the creation of the Federal Reserve in 2013, however, the U.S. dollar has lost about 96% of its value to the Consumer Price Index, and about -99% to an ounce of gold. However, there are short-term spurts when the dollar can appreciate against other global paper currencies. At the end of the third quarter, the U.S. Dollar Index (DXY) peaked at 114, up from 90 at the end of May 2021 – rising nearly 27% in 16 months – due mostly to zero interest rates in Europe and Japan. In the last four months, however, the European Central Bank has raised its rates faster than the Fed, so the DXY is down over 10% to 102, while gold is up 19% and silver has risen 27%. Some other key commodities have not followed suit: Crude oil has actually fallen 3% in those same four months, thanks to President Biden trying to buy votes from motorists by draining our Strategic Petroleum Reserve (SPR) by record amounts. As Ed Yardeni and many other analysts have pointed out, gold tends to trade in a negative correlation to the U.S. dollar, so when gold was declining (in dollar terms) during the first nine months of 2022, it was rising fairly briskly in terms of the euro, pound, and yen. Here is Ed Yardeni’s long-term (nearly 30-year) chart of the inverse relationship of the price of gold (blue line) to the U.S. Dollar exchange rate (red line). In addition, it is now far more widely assumed, by a growing army of analysts, that the Fed is far closer to the end of its rate-raising cycle than previously thought, and that is good news for gold. Even though gold reached its all-time high (in real terms) in 1980, when U.S. interest rates were also at their recent high, the general assumption is that gold offers no interest or yield so it can’t perform as well when rates are high. In the third quarter of 2022 (the latest quarter with compete statistics available), central banks bought a record high amount of gold, and in the fourth quarter China entered the fray, officially, although they had been rumored to be in the central bank accumulation market through clandestine means in previous years. Long before its invasion of Ukraine, Russia began selling dollars to stockpile gold to defend its ruble in any future crisis, so that Russia could make the ruble convertible to gold on a limited basis last year: At Navellier, we are one of the few stock-centric advisory services that respects gold for its historic role as a currency alternative. Gold has outperformed all currencies over time. It is not meant or designed to compete with stocks, as some “gold bugs” mistakenly believe. It is a superior currency alternative over time, even to the “new kid on the block,” the cyber-currencies. For those who feel that the coming tax consequences or regulation of Bitcoin and other electronic money are a serious federal intrusion into your financial freedom, you ought to consider what the Feds have done to punish gold hoarders over the years.   America’s 41-Year War Against Gold Investors, 1933-1974 When FDR assumed office in 1933, he said, “We have nothing to fear but fear itself,” but he soon added two new fears – (1) we couldn’t access our money in the bank, since FDR declared a bank holiday by closing all banks for four days, and then (2) he called in all gold coins and bars under penalty of fines up to $10,000 and 10 years in jail. Later, on FDR’s 52nd birthday, January 30, 1934, once most of those coins and bars were in government hands, FDR revalued gold from $20.67 to $35.00 per ounce, a 69% return for the Feds – and a birthday gift to FDR denied to all other Americans – devaluing the dollar by 41%. Gold was near $200 when it was legalized 41 years later. Americans missed the 10-fold gain from $20 to $200, so don’t complain about Bitcoin regulations. Whatever happens is small potatoes compared to gold. Late January is an important historical time for gold from many angles: January 21 marked gold’s high-point in real terms at $850 per ounce (a one-day spike) in 1980. January 22 was the start of China’s ‘Year of the Rabbit’ in 2023, an auspicious gold-buying day. January 24 marked the 175th anniversary of the discovery of Gold in California in 1848. The world changed on January 24, 1848, on California’s American River. It took over a year for the 49ers to finally make their way west, but about 2% of American males tried one of three treacherous routes – over the Panama isthmus, across the American plains or around the tip of South America by ship. Thousands of immigrants from China, Germany, and almost every other nation also came to California, but the real winners were the shovel and pick merchants, the food importers, and Levi Strauss’ jeans shop. Such is the lure of gold. Nobody ever sailed around Tierra del Fuego to mine a bitcoin – not yet anyway......»»

Source:  valuewalkCategory: blog~6 hr. 50 min. ago Related News

The Manhattan DA was skeptical about using Michael Cohen to testify against Trump. He"s now helping the office investigate the ex-president"s hush-money scandal.

A grand jury is now reportedly weighing charges against Donald Trump for the 2016 hush-money payments to Stormy Daniels. Michael Cohen and Donald Trump.Spencer Platt/Getty Images; Mario Tama/Getty Images Manhattan DA Alvin Bragg was reportedly skeptical about using Michael Cohen in a criminal case against Trump. A grand jury is now reportedly weighing charges against Trump for the 2016 hush-money scandal. Michael Cohen would likely be a cooperating witness in a criminal case. Manhattan District Attorney Alvin Bragg was torn about using Michael Cohen to testify against Donald Trump, according to a book obtained by the New York Times written by a former prosecutor who led the investigation into the Trump Organization.Cohen — a former vice president of the Trump Organization and personal lawyer for the ex-president — has his own criminal history.In addition to pleading guilty to a 2016 hush-money scheme for women who said they had affairs with Trump, he evaded taxes on property sales and lied to banks to perpetuate a New York taxi medallion scheme.Cohen also has a penchant for talking to members of the media, which may risk the secrecy of an ambitious criminal case against a billionaire former president.Bragg said he "could not see a world" in which the district attorney's office would bring Cohen as a witness in a criminal case against Trump, according to a forthcoming book by Mark Pomerantz, a former top attorney leading the office's investigation into the Trump Organization investigation; the New York Times reported on the book's contents.The disclosure about Cohen could complicate another case under consideration by the office, over whether Trump broke the law for hush-money payments ahead of the 2016 presidential election.On Monday, a grand jury in Manhattan reportedly began hearing evidence over whether Trump committed a crime in the Stormy Daniels hush-money scheme.Cohen facilitated payments to Daniels, whose real name is Stephanie Clifford and who says she had an affair with Trump, to maintain her silence ahead of the 2016 election. Cohen pleaded guilty to campaign finance charges in 2018, but federal prosecutors who brought the case didn't indict Trump. Cohen said he made the payments at the direction of the then-president, who was referred to as "Individual-1" in court documents.If the Manhattan district attorney's office indicts Trump on state-level charges for the scheme, Cohen's testimony would almost certainly be used in the case. Cohen has also expressed publicly that he'd testify in a case against Trump.Cohen didn't immediately respond to Insider's request for comment.At the time Bragg expressed his skepticism about Cohen, the office was weighing whether to bring racketeering charges against Trump, according to Pomerantz's book.The long-running investigation into the Trump Organization, which remains ongoing, has evaluated whether Trump broke tax, bank, and insurance laws by misrepresenting the values of its properties. The New York attorney general's office last year filed a civil lawsuit against Trump and his family members over misrepresenting property values.In a statement provided to Insider, Bragg said the investigation was ongoing and blasted Pomerantz for deciding "to quit a year ago and sign a book deal.""After closely reviewing all the evidence from Mr. Pomerantz's investigation, I came to the same conclusion as several senior prosecutors involved in the case, and also those I brought on: more work was needed," Bragg wrote. "Put another way, Mr. Pomerantz's plane wasn't ready for takeoff."Pomerantz was hired by Bragg's predecessor Cyrus Vance Jr. A legendary defense attorney and former prosecutor, he returned to law enforcement solely for the Trump investigation.Along with fellow top prosecutor Carey Dunne, Pomerantz quit the district attorney's office in early 2022 after Bragg declined to charge Trump, he wrote in a resignation letter.The prosecutors still haven't brought charges against Trump, but they moved forward with criminal cases against the Trump Organization and its then-CFO Allen Weisselberg over tax fraud.Weisselberg pleaded guilty to the fraud charges, and the Trump Organization was convicted at trial late last year. Weisselberg is under pressure to cooperate in the DA's Trump investigation or he could face more charges, the Times reported this week.Trump has long denied wrongdoing and has cast law enforcement officers investigating him as politically motivated. A representative didn't immediately respond to Insider's request for comment.Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~6 hr. 50 min. ago Related News

George Santos once lied that he was a producer on "Spider-Man: Turn Off the Dark," one of the biggest Broadway debacles of all time

Michael Cohl, who produced the play, told Bloomberg that George Santos was not a producer and that his name was nowhere on the playbill. New York Congressman-Elect George Santos speaks during the Republican Jewish Coalition (RJC) annual leadership meeting.David Becker for the Washington Post/via Getty Images Rep. George Santos told campaign donors he produced the most expensive Broadway play of all time. But it turns out Santos was never a producer for "Spider-Man: Turn Off the Dark," per Bloomberg. The play cost $75 million to produce and at the time, Santos was a customer service rep in Queens. Rep. George Santos' web of lies has expanded after a new report emerged the New York politician told campaign donors that he was a producer of a chaotic Broadway adaptation of Spider-Man.Within Santos' first weeks in office, the New York congressman has been caught in a seemingly unending list of lies, including that his grandparents survived the holocaust and that his mother died as a result of 9/11. On Friday, Bloomberg reported that Santos told donors on the campaign trail that he was a producer on "Spider-Man: Turn Off the Dark," a Broadway adaptation of the superhero saga.Michael Cohl, who produced the play, told Bloomberg that Santos was not a producer and that his name was nowhere on the playbill. The play, which ran between 2011 and 2013, was the most expensive production of all time.It cost $75 million to put together and featured performances by the likes of Bono, but the play flopped and recorded a financial loss. Actors were gravely injured during stunts and there were a series of production delays during opening night, according to USA Today.At the time, Santos was working as a customer representative for Dish Network in Queens, according to the report. Santos is under investigation by US federal authorities, as well as Brazilian police.Santos' attorney did not immediately respond to Insider's request for comment.A pattern of deceitSantos' Broadway fib is one of many he told voters and prospective donors while on the campaign trail.Just before entering Congress a series of publications revealed that Santos lied about his religion, education, work history, and even a nonexistent collegiate sports career.Santos has since apologized for his past lies, which continue to pile up by the day."If I disappointed anyone by my résumé embellishment, I'm sorry," Santos said on WABC radio.The embattled congressman has repeatedly stated he won't step down from his new seat in Congress, even though the leaders of New York's Republican Party have each called for him to.House Republican leadership initially sat Santos on two committees: the Committee on Science, Space, and Technology and the Committee on Small Business.In a surprise move, however, Santos announced on January 31 that he'd be temporarily recusing himself from the committees amid the plethora of investigations surrounding his past."With the ongoing attention surrounding both my personal and campaign financial investigations, I have submitted a request to Speaker McCarthy that I be temporarily recused from my committee assignments until I am cleared," Santos said. Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~6 hr. 50 min. ago Related News

Two United aircraft collided at Newark Liberty Airport and now the FAA is investigating

The event comes three weeks after a Delta Boeing 737 and an American Boeing 777 nearly collided on the runway at New York-JFK airport. A United Boeing 787, like the one pictured, clipped the wing of a United Boeing 757 at Newark Liberty International Airport on Friday, February 2.United Airlines Two United Airlines aircraft collided at Newark Liberty International Airport in New Jersey on Friday. The aircraft involved were an empty Boeing 787 Dreamliner and a Boeing 757 headed for Orlando. The Florida-bound passengers were on board at the time, but no one was injured and everyone was rebooked. Two United Airlines aircraft collided at New Jersey's Newark Liberty International Airport on Friday morning, the airline confirmed to Insider.According to the Federal Aviation Administration, a parked Boeing 757 that was going to head to Orlando was clipped by the wing of an empty Boeing 787 that was being towed into a neighboring gate. Photos of the incident show the 757's winglet was nearly gone.—Pei-Sze Cheng (@PeiSzeCheng4NY) February 3, 2023 "The left wing of United Airlines Flight 2135, a Boeing 757-200, was struck by a Boeing 787 aircraft around 8:45 a.m. Friday, at Newark Liberty International Airport," the FAA said in a statement to Insider. "The second aircraft was being relocated by a tug. The FAA will investigate." United passenger Rebecca Blum told ABC7 New York that she heard a noise and felt a "jolt" when the two aircraft collided, but said no one onboard panicked. The Orlando-bound passengers, who were on the jet at the time of the event but were uninjured, were deplaned and rebooked on different aircraft, United told Insider.Friday's event comes three weeks after a Delta Air Lines Boeing 737 and an American Airlines Boeing 777 narrowly avoided a collision at New York's John F. Kennedy Airport.The Delta plane was cleared and rolling for take off when the American plane crossed the same active runway. The 737 plane managed to stop within 1,000 feet of the 777, but the close call is now being investigated by both the FAA and the National Transportation Safety Board.While these two events happened back-to-back, aircraft collisions at airports are not common. According to aviation safety website SKYbrary, "on-gate" occurrences like the two United planes are more common between one plane and support equipment, like a catering truck. Meanwhile, runway incursions like the one at New York-JFK, in which an aircraft was incorrectly situated on a runway, occurred 1,732 times in 2022, according to the FAA. That's out of millions and millions of flights each year.These typically occur at smaller airports and many can be attributed to pilot error, with the FAA saying 75% of pilot-related incidents were those operating smaller general aviation aircraft — not commercial airliners.The last fatal accident in the US involving an aircraft on the wrong runway was in 2006. A Comair Bombardier CRJ-100ER lined up on the wrong runway, which was too short to take off from, and ended up running out of pavement and hitting a wall on takeoff, killing everyone but the first officer. Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~6 hr. 50 min. ago Related News

Elon Musk said he"s getting rid of the "legacy" Twitter Blue badge, the longtime free verification for labeling famous and notable users

Elon Musk tweeted Friday that legacy Twitter Blue, which he calls Blue Verified, will soon be sunset. Elon Musk tweeted Friday that legacy Twitter Blue would soon be sunset.Susan Walsh/AP Elon Musk tweeted Friday that legacy Twitter Blue, which he calls Blue Verified, will soon be sunset. Since Musk took over Twitter, he has allowed paying subscribers to receive blue checks. Until now, the platform allowed people with "free" blue checks under Twitter's old verification system to keep them. In a few months it might be even harder to tell which Twitter accounts are authentic and which ones are not. On Friday, Elon Musk tweeted that the legacy version of Twitter's verification system was "deeply corrupted" and would be sunset in a few months. —Elon Musk (@elonmusk) February 3, 2023 Before Musk took over Twitter and revamped the platform's verification system, Twitter doled out "blue checks" to the active accounts of notable athletes, politicians, and public figures to let other users know they were the real deal and prevent others from falling for fake accounts. But one of Musk's first orders of business after taking over Twitter was to revamp that system. He decided to envelop it into the platform's already existing subscription tier, Twitter Blue. That meant that blue checks wouldn't just go freely to notable figures to denote their authenticity, but to anyone who paid a monthly fee for Twitter Blue. The first version of Twitter Blue, which was rolled out on November 5, resulted in almost 140,000 paying for a subscription in its first five days. However, it also led to an onslaught of celebrity impersonators, including fake Elons, swarming the platform. By November 11, Twitter suspended the rollout of Twitter Blue, relaunching again in December, with gold checks for verified business accounts, gray checks for government and multilateral accounts, and blue checks for paying subscribers, or those who were verified in the pre-Musk era. Right now, when you hover over the latter checks you'll see a box pop up that says, "This is a legacy verified account. It may or may not be notable."In a few months though, the only thing a blue check will signal is that someone is paying at least $8 a month to use the platform. But some key questions remain: What will happen to notable figures who fail to pay for Twitter Blue? Will they be confused with imposters who paid for Twitter Blue but use famous names on their accounts?Twitter did not immediately respond to Insider's request for a comment.   Read the original article on Business Insider.....»»

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Division I university cheerleaders refuse to perform at basketball game after getting ignored on "Women in Sports Day"

St. John's University cheerleaders wore "WE ARE WOMEN IN SPORTS" shirts to Wednesday's basketball game against Seton Hall in protest. Former SJU cheerleaders and dancers were quick to call the school out on the alleged snubbing.Icon Sportswire/Getty Images St. John's University is receiving backlash for an Instagram post shared on Women in Sports Day. Fans said the school failed to recognize its cheer and dance squads in its dedication to women's sports. In response, Red Storm cheerleaders refused to perform at Wednesday's game against Seton Hall, reports say.  St. John's University was called out by its cheer squad during a Wednesday night basketball game after the team said the school failed to recognize them "Women in Sports Day."The Red Storm refused to perform during the Division I men's basketball game against Seton Hall, according to St. John University's student newspaper, The Torch. The backlash comes after the New York City-based school reportedly failed to tag its cheer and dance teams in an Instagram post recognizing the school's women sports teams. In a tweet shared by the The Torch's sports section, a member of the cheer squad is seen donning a red shirt with the phrase "WE ARE WOMEN IN SPORTS" written across the back in marker.—Torch Sports (@TorchSports) February 2, 2023 February 1 is National Girls and Women in Sports Day, an annual event created by the Women's Sports Foundation in 1987 to inspire "girls and women to play and be active, to realize their full power," according to the organization's website.  The Wednesday Instagram post is still live as of Friday afternoon and features photos of various women's teams at the university, but no pictures of the cheer and dance teams. View this post on Instagram A post shared by St. John's Red Storm (@stjohnsredstorm) St. John's followers and alumni shared their outrage over the perceived snubbing in the comments of the post. "Extremely disappointed as a @stjohnscheer alumni that you don't recognize these hardworking women. That show up to every single event needed FOR the university! As well as @sju_dance," one user wrote.The official St. John's cheer team Instagram account made its own post recognizing the female cheerleaders for Women in Sports Day. The post included videos of Red Storm cheerleaders performing pyramid stunts and tumbling skills. View this post on Instagram A post shared by St. John’s Cheerleading (@stjohnscheer)  St. John's didn't immediately respond to Insider's request for comment, but told Fox News on Thursday "there was an inadvertent omission in a social media post from the Athletic Department celebrating 'Women in Sports' that failed to tag or depict our cheerleaders and dance team." "The cheerleaders expressed disappointment with this perceived slight and are now engaged in an active dialogue with the Athletic Department to move forward. St. John's University values the active and dedicated contributions made by all our students especially our student-athletes," the statement said. Read the original article on Business Insider.....»»

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6 ways to fix AirDrop not working on your iPhone, iPad, or Mac

If AirDrop isn't working on your iPhone, iPad, or Mac, you can fix it by making sure both Bluetooth and AirDrop are turned on. You can AirDrop photos, videos, or files between Apple devices.Westend61/Getty Images If AirDrop isn't working on your iPhone, iPad, or Mac, ensure Wi-Fi and Bluetooth are on. Make sure that your Apple devices are all up to date and your iPhone is unlocked.  Be sure to restart your devices after making changes to your settings and try AirDrop again. AirDrop is doubtless one of the most useful and convenient features for Apple users. Designed to let you send media, links, and documents via Bluetooth or Wi-Fi to other Apple devices within a certain range, it's a powerful asset for any iPad, iPhone or Mac user.And while most contemporary Apple devices include AirDrop, it can be a surprisingly finicky feature that sometimes fails to work for seemingly no particular reason. If this is happening to you, here are the top six ways, from toggling wireless networks to restarting your devices, to get back up and sharing wirelessly as quickly as possible. 1. Make sure the iPhone is unlockedIf you're trying to AirDrop something to someone else's iPhone or someone is AirDropping to you, here's an easy fix: Make sure the target phone is turned on and unlocked. A locked iPhone won't appear as a device that's available to receive files via AirDrop. Likewise, if the iPhone is unlocked and it's still not working, try bringing them closer together. This can be especially important if the Wi-Fi is spotty and AirDrop is trying to use Bluetooth. 2. Try turning off your Wi-Fi hotspotIf you're using your iPhone as a personal hotspot, here's some bad news: AirDrop won't work. The solution is to disable your hotspot, at least as long as you are using AirDrop. You can turn it back on when you're done sharing files. To turn off your hotspot, start the Settings app and tap Personal Hotspot. At the top of the page, swipe the button for Allow Others to Join to the left. Your personal hotspot is now disabled and you can try to AirDrop again. Disable your Personal Hotspot to get AirDrop to work.Dave Johnson/Insider3. Enable Bluetooth and Wi-FiYou probably know that AirDrop relies on both Wi-Fi and Bluetooth to transfer files, so you should make sure both of these wireless networks are turned on for the devices you want to use to AirDrop. To check your wireless settings on iPhone and iPad: Start the Settings app and then tap Wi-Fi. To the right of Wi-Fi, make sure the button is swiped to the right. Then tap the Back button to go back to the main Settings page and tap Bluetooth. Make sure the Bluetooth button is on as well. Toggle your Wi-Fi and Bluetooth on and then try AirDrop again.Dave Johnson/InsiderTo check your wireless settings on Mac: Click the Apple logo in the desktop's menubar, then choose System Preferences. Click Network. You should see Status: Connected. If you don't, click Turn Wi-Fi On. Then click the Back button and choose Bluetooth. You should see Bluetooth: On. If you don't, click Turn Bluetooth On. If you find that Wi-Fi and Bluetooth are already on, it's a good idea to toggle them off and back on again as an easy way to quickly resolve any potential issues. 4. Make sure your devices are updatedDoes the device you want to use support AirDrop? While all "modern" Apple devices generally work with AirDrop, if you are trying to send to an older device, you might run into trouble. You can use AirDrop on any iPhone running iOS 7 or later. If you're having issues, you should check on the iPhone's iOS version and update it if needed. Likewise, if you are using an iPad, AirDrop works on the iPadOS 13 and later – update your iPad to the latest version of the operating system if needed.  Make sure your device meets the minimum system requirements to work with AirDrop.Dave Johnson/InsiderYou can also AirDrop to and from your Mac, as long as it is running OS X 10.10 or higher. If you need it, here's a refresher on how to check for the version of your Mac OS and how to update it. 5. Disable your Mac's firewallIf you are trying to AirDrop to a Mac, you should also check that your firewall settings allow for new connections – otherwise, AirDrop might not work. You'll need to make your computer's firewall settings less strict, which should allow it to receive AirDrops.1. Click the Apple logo in the desktop's menu bar, then click System Preferences.2. Select Security & Privacy.3. Click the lock icon in the bottom-left corner of the screen, and enter your password or use Touch ID to unlock access to these settings.Clicking the lock icon in the bottom-left corner will allow you to make changes.Stefan Ionescu/Insider4. Select the Firewall tab.5. Click Turn Off Firewall or, if you prefer, click Firewall Options and, in the pop-up window, uncheck the box next to Block all incoming connections. Then click OK.You can turn off the firewall here or further navigate to the firewall's settings.Stefan Ionescu/Insider6. Reset the deviceIf nothing else has worked, try to restart your devices. A restart might be needed if you recently changed some settings on your mobile device or computer, and a restart can also flush out an intermittent glitch that's keeping your device from working properly. Simply turning your device off and then on again can get you up and running; here's how to restart it regardless of which iPhone model you own. Likewise, you can restart your iPad, or restart your Mac. Read the original article on Business Insider.....»»

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How to create folders in Gmail to better organize your inbox

Folders and labels in Gmail allow you to organize your inbox and keep your sanity. Here's how to set them up. Gmail labels are a great way to keep your email inbox organized.Shutterstock To create folders in Gmail, go to the Labels section in Settings. Click on Settings > Labels > Create New Label > Save. Gmail uses labels instead of folders to organize emails, but labels function similarly to folders. Folders are a must for keeping your email inbox organized. Gmail uses labels in addition to folders, but they're effectively the same thing and oftentimes you'll hear the terms used interchangeably. But unlike folders, you can apply more than one label to an email in Gmail.Folders and labels should not be confused with Google's built-in Categories, which are similar to the Spam folder and include Promotions, Social, Updates, and Forums. These can be toggled, but are not fully customizable like labels. To use a label as a "folder," use the "Move to" option to move an email or thread out of your inbox and into a label, which you can access in the left panel of your inbox.All work-related emails for a specific client, for example, can be put into one folder, and wedding planning related emails can be stored in another. You can even nest labels under other labels, which act like subfolders.Here's how to do it all.Note: Check out our guide to all the tips and tricks to master your Gmail inbox, including how to delete all of your emails.How to create a folder in Gmail on desktop1. Go to the Gmail website. Log in to your account if you aren't already logged in.2. Click the gear-shaped Settings icon at the top-right of the screen, then select See all settings.Select "See all settings" to create, edit, and delete folders.Abigail Abesamis Demarest/Insider3. In the Labels tab, scroll down to the Labels section and click Create new label.4. Enter the name of the label you want, then click Create. If you want the new label to nest under an existing label (like a subfolder), click the box next to Nest label under and select the folder you want the new label to go into.Label names can be a maximum of 225 characters.Abigail Abesamis Demarest/InsiderQuick tip: You can also create a label from an email by clicking the Labels icon, then Create new.How to create a folder in Gmail on iPhoneUnfortunately, folders cannot be created on the Android app for Gmail. The option does exist for iPhone, and you can take the following steps to set them up:1. Open the Gmail app on your iPhone or iPad.2. Log in to your account. 3. Tap the hamburger menu (three horizontal lines) on the top-left of the screen.4. Scroll down to the Labels section, then tap Create new.Scroll down past the list of already created labels to make a new one.Abigail Abesamis Demarest/Insider5. In the pop-up menu, enter the name of the label you want (225 characters max), then tap Done.Quick tip: You can also create a label from an email by tapping the three dots icon at the top-right of the screen. Tap Move, then the plus + symbol.How to apply labels in Gmail1. In your Gmail inbox on desktop, click the boxes next to the emails you want to label and click the Label icon on the right side of the top toolbar. On the mobile app, tap the circular profile icon of the sender on each email you want to label, then tap the three dots icon, and select Label in the pop-up.2. On both desktop and mobile, check the boxes corresponding to the labels you want to apply (you can choose more than one). On desktop, click Apply and on mobile tap the check mark to apply the labels.Select "Apply the label" and choose which label in the drop-down.Abigail Abesamis Demarest/InsiderQuick tip: To move a labeled message from your inbox to the label folder, click the Move to icon instead of the Labels icon, then click on the name of the folder you want to move the message(s) to. Note that you can only choose one destination folder.How to automatically apply labels via filteringYou can change your Gmail settings to automatically apply labels, and even forward emails with a certain label, by changing your filter settings.1. In your Gmail inbox on desktop, click the Show search options icon, which looks like three hatched lines, on the right side of the search bar.2. Set the parameters for the filter. You can filter by From, To, Subject, Has the words, Doesn't have, Size, and Date.3. After setting the criteria, click Create Filter.Add, delete, and edit labels in this section of the Settings menu.Abigail Abesamis Demarest/Insider4. On the next page, click the box next to Apply the label and choose a label from the drop-down menu.5. Click Create Filter.Select "Apply the label" and choose which label in the drop-down.Abigail Abesamis Demarest/InsiderHow to edit or delete a labelYou can edit or delete Gmail labels at any time, on desktop or iOS. On desktop:1. In your Gmail inbox on desktop,click the gear-shaped Settings icon at the top-right of the screen, then select See all settings.2. In the Labels tab, scroll down to the Labels section.3. To edit a label, click on the label name, enter in the new name, then hit the Enter or Return key. Alternatively, click the corresponding edit button in the Actions tab. You can also change a label's nesting properties in this window.Add, delete, and edit labels in this section of the Settings menu.Abigail Abesamis Demarest/Insider4. To delete a label, click the corresponding remove button in the Actions tab, then click Delete.On iOS:1. In the Gmail app, tap the hamburger menu icon in the top-left corner, next to the search bar.2. Scroll down and tap Settings.3. On the next screen, select the email address you want to apply the change to.4. Scroll down on the next page and select Label settings in the Labels section.Go to "Label settings."Grace Eliza Goodwin/Insider5. On the Label Settings page, tap the label you want to edit or delete.Select the label you want to edit.Grace Eliza Goodwin/Insider6. Tap the Name field to enter a new name, or tap the Delete [label name] button at the bottom to delete the label.Here you can rename or delete your label.Grace Eliza Goodwin/InsiderRead the original article on Business Insider.....»»

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Companies like Amazon, Walmart, and BlackRock that have pushed back against some parts of climate-disclosure rules might see one aspect eased

Companies and investors are asking the Securities and Exchange Commission to rethink parts of its proposal, according to The Wall Street Journal. SEC Chair Gary Gensler.Evelyn Hockstein/Pool via AP The Securities and Exchange Commission wants companies to disclose climate risks. Companies and others are pushing back on aspects of the plan, The Wall Street Journal reports. The SEC is aiming to finalize the rules this year. Companies like Amazon, Walmart, and BlackRock, which have pushed back against parts of a proposal to make businesses report the risks they face from the climate crisis, might see one aspect of the plan eased.The Securities and Exchange Commission is considering revising a component of its proposed climate-disclosure rules after resistance by some companies, elected officials, and investors, according to a Wall Street Journal report citing people close to the agency.One aspect of the SEC's proposal drawing criticism is a plan to require companies to report climate costs that total 1% or more of each line item in corporate financial statements, the Journal reported. Line items represent different income and expenses, such as revenue and cost of goods.BlackRock, the massive asset-management firm, said this would result in "highly inaccurate disclosures and unduly burdensome compliance costs," the Journal reported.For its part, the SEC in its proposal said the 1% threshold, known as the bright-line test, would make it less likely that companies would underreport climate-related costs. Now the agency is considering a higher threshold for disclosure or eliminating the bright-line test altogether, according to the Journal.An SEC spokesperson declined to comment to Insider.The Journal said that the SEC's move to ease the proposed financial-reporting requirements could make the final rules easier to defend in court by showing the agency was responsive to feedback from businesses.The agency proposed its climate disclosure rules in March 2022 and is aiming to finalize them this year. Agency officials have been "taken aback" by opposition to the proposal, according to the Journal. Some investors have pushed the SEC to issue the rules so they could better assess what climate risks companies face, from extreme weather events and supply-chain disruptions to stricter regulations. The proposal would require a broad range of corporate disclosures, including greenhouse gas emissions from operations and energy use. Companies that set goals to reduce the carbon footprint of their supply chains would have to disclose those emissions as well.Read the original article on Business Insider.....»»

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CIA chief says Ukraine needs to puncture "Putin"s hubris" in the next 6 months

The CIA chief said Ukraine needs to show Putin that Russia won't gain any more territory and is at risk of losing ground in occupied regions. Russian President Vladimir Putin in 2014.Sasha Mordovets/Getty Images CIA chief William Burns said the Ukraine war is entering a "critical" phase in the next six months. Burns said it will be crucial for Ukraine to puncture "Putin's hubris" on the battlefield.  Russia is expected to launch a major offensive in the near future. CIA Director William Burns on Thursday warned that Russian President Vladimir Putin is "betting right now that he can make time work for him" and "grind down Ukrainians" as the West's support for Ukraine fades. The CIA assesses that the next six months of the war in Ukraine will be "critical," Burns, a former US ambassador to Russia who makes frequent trips to Kyiv, said during an event at Georgetown University.During this "crucial" period, it will be vital for Ukrainian forces to puncture "Putin's hubris" on the battlefield, Burns went on to say, underscoring that Ukraine needs to make it clear to the Russian leader "that he's not only not going to be able to advance further in Ukraine, but as every month goes by, he runs a greater and greater risk of losing the territory that he's illegally seized from Ukraine so far."Burns' assessment echoed comments from NATO chief Jens Stoltenberg in mid-January, when he said the war was entering a "decisive phase." The fight in Ukraine has morphed into a grinding war of attrition, with heavy losses on both sides and incremental gains. But Russia is expected to launch a major offensive in the near future, as Ukraine ramps up its requests for more advanced weapons from the West to help it defend against the Russian invaders and push to reclaim occupied territory. The US, Germany, and the UK recently announced they would provide battle tanks to Ukraine, fulfilling a major request. Ukrainian Defense Minister Oleksii Reznikov on Wednesday suggested that the expected Russian offensive is likely to occur close to the one year anniversary of the Russian invasion — February 24."We think that, given they live in symbolism, they are going to try to attempt something around February 24," Reznikov told French TV station BFMTV.Meanwhile, there are evolving discussions in Kyiv and Western capitals over the potential for Ukrainian forces to push Russia out of Crimea and regain control of the crucial Black Sea peninsula."We must do everything to ensure that Crimea returns home by summer," Maj. Gen. Kyrylo Budanov, Ukraine's military intelligence chief, recently told the Washington Post. "Crimea will be returned to us. I'll tell you more: It all started in Crimea in 2014, and it will all end there," he added. Russia invaded Ukraine and illegally annexed Crimea in 2014, prompting outcry across the world. In many ways, this provocative action laid the foundations for Russia's full-scale invasion of its next-door neighbor last February.Crimea, home to a number of Russian military bases and Russia's Black Sea fleet, was used as a staging ground for Russia's invasion last year. Russian aircraft and warships continue to use Crimea as a base of attack for striking Ukraine. Top military analysts have made the case that regaining control of Crimea is key to Ukraine's long-term survival."The decisive terrain for this war is Crimea. The Ukrainian government knows that they cannot settle for Russia retaining control of Crimea," retired Lt. Gen. Ben Hodges, a former commander of US Army Europe, told Insider in late January. "The next few months will see Ukraine setting the conditions for the eventual liberation of Crimea," he added.Read the original article on Business Insider.....»»

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Trump "demanded absolute loyalty" and stayed "one step ahead of the law" like a mafia boss, ex-prosecutor says in new book

Trump built his business empire "through a pattern of criminal activity," an ex-prosecutor said in a new book. A Trump attorney has threatened legal action. Former President Donald Trump speaks during an event at his Mar-a-Lago home on November 15, 2022 in Palm Beach, FloridaJoe Raedle/Getty Images An ex-prosecutor in Manhattan DA's office compared Donald Trump to mafia boss John Gotti. "He demanded absolute loyalty," Mark Pomerantz said of Trump in his new book, per NYT. Pomerantz served in the DA office from early 2021 until his resignation a year later. A prominent ex-prosecutor accused former President Donald Trump of building his business empire "through a pattern of criminal activity" and compared him to the late mafia boss, John Gotti, according to a New York Times report on Friday.Mark Pomerantz, a former prosecutor in the Manhattan district attorney's office, made the comments in his forthcoming book, "People vs. Donald Trump," of which The Times obtained an advance copy."He demanded absolute loyalty and would go after anyone who crossed him. He seemed always to stay one step ahead of the law," Pomerantz wrote of Trump, according to The Times. "In my career as a lawyer, I had encountered only one other person who touched all of these bases: John Gotti, the head of the Gambino organized crime family."A lawyer for Trump in a recent letter threatened legal action against Pomerantz for "defamatory statements against my clients" and said on Friday that "injecting the name John Gotti into this seems like just another desperate attempt by Pomerantz to sell books," per The Times.A spokesperson for Trump did not immediately return Insider's request for comment.Pomerantz had helped lead the investigation into Trump and his businesses in the Manhattan DA's office from early 2021 until his resignation a year later. He left after the new Manhattan DA, Alvin Bragg, refused to pursue charges against the former president.Read the original article on Business Insider.....»»

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Filling Cambodian lakes with sand creates pricey new land. It also displaces families.

Communities living on Phnom Penh's largest natural lake, Boeung Tamok, face eviction after the Cambodian government reallocated their land. Sand is the most exploited natural resource on Earth, after water.  The Cambodian government is using sand dredged from the Mekong to fill in lakes around Phnom Penh. One community is fighting to save their homes on the city's largest natural lake. Sand is the most exploited natural resource on Earth, after water. In Cambodia, the government is using sand to fill in lakes around its capital, Phnom Penh, to create prime real estate for villas and shopping malls. Now, one community is fighting to save their homes on the city's largest natural lake.Read the original article on Business Insider.....»»

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Elon Musk was reportedly cleared by a federal jury"s verdict that his "funding secured" tweet in 2018 didn"t harm Tesla investors

Elon Musk didn't break rules and influence Tesla investors after tweeting he had "funding secured" to take the carmaker private, per a WSJ report. Elon Musk at the 2022 Met Gala. A federal jury in San Francisco vindicated Musk over his 2018 tweet about his plans at the time to take Tesla private.Noam Galai/GC Images A jury found investors failed to prove Elon Musk derailed them with his tweet that he had "funding secured" to take Tesla private, per the WSJ.  The outcome vindicated Musk, who had argued that he didn't believe his tweet influenced Tesla's stock price. Tesla investors had alleged that his public statements resulted in billions of dollars in damages. Elon Musk was reportedly vindicated late Friday Friday when a federal jury found that Tesla investors failed to prove that he derailed them with a 2018 tweet that he had "funding secured" to take the electric carmaker private, a deal that never materialized. The nine-person jury arrived at the conclusion shortly after deliberations started, per a Wall Street Journal report. The verdict was the culmination of a civil trial in San Francisco federal court, in which jurors heard testimony from high-profile witnesses including Musk himself, along with Tesla's former chief financial officer Deepak Ahuja, and Musk's former chief of staff Sam Teller.  Musk's defense highlighted his meeting in July 2018 with Yasir Al-Rumayyan, an official in Saudi Arabia's Private Investment Fund, in which he said Al-Rumayyan had committed to helping to finance the deal. Those verbal assurances in part led him to tweet that he had "funding secured" for a take-private deal for Tesla, he told jurors last month. Nicholas Porritt of Levi & Korsinsky LLP, an attorney for Tesla's shareholders, had challenged that narrative. In closing arguments Friday, Porritt told the jury that a conversation over financing, which he estimated could be to the tune of $60 billion, would have had to at least be put in writing, yet Musk took no notes. "Sometimes we substitute what we wished happened for what actually happened," Porritt argued in court. "That can happen when you're facing government investigations and lawsuits for billions of dollars."Musk's tweet, which he posted in August 2018, read, "Am considering taking Tesla private at $420. Funding secured." In closing arguments, Musk's attorney, Alex Spiro of Quinn Emanuel Urquhart & Sullivan, argued that Musk's adversaries had painted him as a "fire-breathing dragon" and that the billionaire couldn't be faulted for being a "bad Tweeter."Before the trial, US District Judge Edward Chen had ruled that the billionaire's tweets should be considered "untrue," but that jurors had to decide if they were "material." In securities parlance, that meant jurors had to consider whether Musk's statements were significant enough to influence investors' trading choices.Musk's statements about the potential deal also drew the attention of securities regulators, who in September 2018 extracted a $40 million penalty from Musk and the company, and said he could no longer helm Tesla's board. Porritt, the Tesla investors' attorney, had framed the stakes of the case in sweeping, existential terms, arguing that it came down to a question of whether regular investors could trust the public markets. "Whether it is the securities markets or a football game, rules must be fair and must be applied to everyone," he told the court on Friday. "And this case, ultimately, is about whether the rules that apply to everyone else should also apply to Elon Musk."Read the original article on Business Insider.....»»

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Virgin Orbit signs deal with Polish satellite maker SatRev

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Brokerage Kidder Mathews consolidates Sacramento, Roseville offices into one in Campus Commons

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Here"s who is pitching at Pitch Oregon 2023

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Trumark Homes snags 30-acre Livermore site entitled for more than 400 homes

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Fruit-picking robot company Advanced Farm Technologies expands local manufacturing

Autonomous fruit-picking robot company Advanced Farm Technologies Inc. is adding more barns and manufacturing space to build its equipment......»»

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City National Bank moves Oakland branch to ‘bigger and better’ location amid strong growth

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Elon Musk"s Tesla verdict is in. Here"s what the jury decided.

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3 questions for new ServiceNow president Chirantan Desai

What new ServiceNow president Chirantan Desai says about his new role and the company's vow not to lay off any employees this year......»»

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Kotek"s proposed new liquor surcharge would hurt Oregon economy, industry lobby says

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Meet the Bay Area"s new top lawyers

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: Jury reaches a verdict in Elon Musk’s trial over Tesla tweets

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: Elon Musk found not liable in trial over Tesla tweets

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Amazon Fresh raises its free shipping minimum spend

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After months of delay, thousands of Interior Define customers may finally get their furniture. Thousands more probably won’t.

Thousands of frustrated customers of the Chicago-based custom furniture retailer have been waiting for overdue orders placed last year, navigating a succession of evasive company missives blaming everything from port congestion to supply chain issues.Thousands of frustrated customers of the Chicago-based custom furniture retailer have been waiting for overdue orders placed last year, navigating a succession of evasive company missives blaming everything from port congestion to supply chain issues......»»

Source:  chicagotribuneCategory: top~7 hr. 34 min. ago Related News

: Bank of America trims CEO Moynihan’s pay by about 6% to $30 million

Bank of America Corp. BAC said in a filing late Friday that its board has approved a 6.3% cut on Chief Executive Officer Brian Moynihan’s pay in 2022. Moynihan receives $30 million, compared with a 2021 total compensation of $32 million, the bank said. The board “acknowledged the company’s continued success in 2022 and Mr. Moynihan’s leadership under this operating model particularly in this period of considerable economic uncertainty,” the bank said in a SEC filing. Bank of America notched a $27.5 billion profit in 2022, the third highest net-income performance in the company’s history, it said. Its stock fell 26% in the year, reflecting “weakened investor sentiment given geopolitical tensions and recessionary fears.” Last week, a similar filing from Goldman Sachs Group Inc. GS revealed a 30% pay cut for Goldman’s Chief Executive David Solomon, and earlier last month JPMorgan Chase & Co JPM said it cut special awards paid to Chief Executive Jamie Dimon but kept his pay the same as it was in 2021. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Source:  marketwatchCategory: top~7 hr. 34 min. ago Related News

As People Return to Offices, It’s Back to Misery for America’s Working Moms

Mothers aren't the only workers affected by the policies, but data on their experiences offer a window into the impact of working from home. I’ll never know what it was like to be a working parent in the Before Times. My son was born in October 2020, and I returned to work—remotely—in February 2021. My routine back then was simple: I’d drive six minutes to drop my son off at his San Francisco daycare and then return home to work at my desk in his bedroom. There was no sweating on the bus as I realized that traffic was going to make me late to pick him up. No lugging a breast pump to and from a windowless lactation suite. No getting home at 6 pm to realize I’d forgotten to defrost the chicken for dinner. [time-brightcove not-tgx=”true”] The hand-wringing over whether women can really “have it all” is decades old by this point—you may have read Anne-Marie Slaughter’s 2012 take in The Atlantic (her conclusion: they can’t), or the New York Times Magazine piece in 2003 about the rise of college-educated mothers opting out of the workforce (“I wore myself out trying to do both jobs well,” one said). But the later phases of the pandemic, especially after many schools went back to in-person learning, offered a surprising experiment for those of us usually at the center of that debate: college-educated working moms like me, nearly half of whom were able to do our jobs from home. Without the burden of a commute, we did our jobs, took care of our kids, and sometimes even got to exercise. Being able to pull it off was dependent on having reliable childcare—a big “if”—but, for many people, remote work meant the difference between chaos and sanity. One recent study found that it saved people like me an average of 72 minutes a day. Evidence suggests that the increase in companies enforcing return-to-office mandates may drive American mothers out of the workforce at a crucial moment. Those 72 minutes matter, perhaps now more than ever. The skyrocketing cost of housing has made it much more difficult for families to live close to corporate jobs in cities, causing commute times to balloon. (People taking public transit to work had an average commute of 50.6 minutes each way in 2019.) Jobs in industries like law and finance are “greedier” than they used to be, leaving employees with grueling schedules—and their partners to pick up the household slack. Mothers are far from the only workers affected by these changes, but the data about their experiences provides a crucial window into the impact of working from home. Read more: Return to the Office? Not in This Housing Market By mid-2022, the labor-force participation rate for college-educated women was 69.6%, making this group the only one whose participation had not fallen from 2019, according to data analyzed by Richard Fry, a senior researcher at the Pew Research Center. That plateau was particularly remarkable given that the group’s labor-force participation has been slipping since it peaked in 1999 at 75%, even as women have been graduating from college at a higher rate than men since 2007 and outnumber them at medical and law schools. This, says Fry, is the demographic most likely to have jobs that can be done remotely. “The pandemic left college-educated women relatively unscathed,” Fry says. I’d argue that, for all the trauma and isolation of being a parent—or really, a human—during the pandemic, it did more than just that. I’ve talked to women who could hide their pregnant bellies from their coworkers, who wondered if their promotions might not have happened had bosses known sooner that they’d be out for maternity leave. Women who had morning sickness and could puke in the comfort of their own bathrooms. Women who didn’t have to decline meetings that began at 4:30, worried about the complicated math of train times and daycare pickup. Working from home, in short, allowed them to hide the evidence of the competing priority that is motherhood, which of course was good for their careers. In fact, there are now actually more college-educated women in the workforce than there are college-educated men, according to Fry—31.3 million women, a 7.5% jump from 2019, compared to 30.5 million men. Many of those women have toddlers and young children, according to work by Claudia Goldin, a Harvard economist. “Working at home may have opened doors and increased options for them,” she wrote in a 2022 paper. About 78.2% of female college graduates aged 25 to 34 who had children participated in the labor force in the fall of 2021, she found, compared to 77.2% in the fall of 2018. There was even a mini baby boom among college-educated women ages 30-34 during the pandemic, the first reversal in declining U.S. fertility rates since 2007. Researchers say the flexibility of remote work for this demographic may have contributed. A law-firm associate in Chicago who had a baby during the pandemic told me that she got three bonuses during the pandemic because of how much she got done while working remotely, and her experience is borne out by data showing that people are productive at home. Read more: Parents Say It’s More Important for Their Kids to Make Money Than to Start Families To be sure, women can and have worked outside the home while parenting for decades. My own parents both worked in offices full-time and managed to raise two kids, neither of whom turned out to be serial killers. And 75% of employed women who didn’t have a college degree kept reporting to their in-person jobs throughout the pandemic. But that doesn’t mean the system isn’t, well, kind of miserable. “It wasn’t sustainable, but I thought, this is what you have to do to have kids,” says Brianna, 33, a mom who, before the pandemic, left her house by 6 a.m. every morning in order to get to her job in downtown Nashville by 7 a.m. so she could leave by 3:30 to relieve her 2-year-old daughter’s caregiver. Before the pandemic, working remotely was frowned upon at her information-services company, says Brianna, who asked that her last name not be used because she didn’t clear our conversation with her bosses. Now, she works remotely and has more time for her kids and for her job. If she’d had to go back to the office, she says, she likely would have shifted to a part-time role—not a decision her husband would have made, even though they make the same amount of money. Though of course non-mom caregivers benefited from extra time too, working mothers are the ones whose responsibilities have grown, rather than fallen, over the decades. Compared to 2003, employed women are spending more time working and more time on childcare, according to the American Time Use Survey. Men, meanwhile, spent less time at work than in 2003, and also less time doing childcare and housework. That dynamic speaks to what sociologist Paula England calls the “stalled gender revolution,” which she attributes in part to the fact that women take on more childcare and household duties than do men. True progress toward gender equality, England says, will only come with “substantial institutional and cultural change.” Such as, for example, a sudden shift toward working from home. For some workers, having gotten a taste of that shift, there’s no going back. Iris Borkovsky was a data analytics manager for Uber who didn’t have strong opinions about remote work—until she became a mother in June 2022. Uber’s decision to begin enforcing a policy that workers spend half their time at the office was one of several reasons that Borkovsky decided to quit. (In October, Uber acknowledged that remote work helped work-life balance but said that people had a “stronger sense of belonging” and higher overall satisfaction with work when they were in the office regularly.) And that lawyer in Chicago with her three bonuses? She was told to start commuting three times a week in 2023. Now she’s talking to a recruiter to find a new job that will allow her to work remotely, even though she knows it will be a “step down” in prestige and pay. “The pandemic gave me a taste of what my life could be like—I could get excellent reviews at work and still felt like I’m being a good mom,” said the woman, who didn’t want her name used because she is still looking for a new job. “Why are we trying to push so hard to go back to this previous reality that wasn’t working so well?” Those two women are not alone. A recent survey conducted by McKinsey in partnership with LeanIn found that just one in ten women wants to work “mostly” on-site, compared to one in five men. Read more: No One Wants to Go Back to the Office As Much As White Men In the course of reporting this story, I talked to Suzanne Braun-Levine, who was the first editor of Ms. magazine from 1972 to 1988, during which time both she and her husband worked full-time and raised a son and a daughter in New York City. But despite her kids having been raised in a world in which feminist support for women in the workforce was part of the air they breathed, she was nervous that her daughter, who is eight months pregnant with her second child, would drop out of the workforce. Her daughter, Joanna Bozkurt, is a senior vice president at a financial institution and a pandemic mom like me; she gave birth to her first baby in March of 2021. Her husband keeps long hours as a lawyer at a big firm. Bozkurt is still determined to stay in the workforce after their second child is born, but acknowledges things will be different. And perhaps harder than it was for her parents. Her dad was the founding partner of a law firm, she says, but before cellphones and laptops, he would come home and not have to worry about work. Anecdotally, she says, her parents also seemed to be less plagued by guilt than she and her husband are. They didn’t stress as much about whether they were doing the “right” things to raise their kids. “I think guilt is a very recent thing,” Braun-Levine agrees, and surveys suggest she’s right that something has changed. Today’s mothers are finding parenthood a lot harder than they’d anticipated, perhaps because of the pressure they put on themselves. Remote work—which doesn’t just help college-educated moms in heterosexual relationships—can enable all parents to better share household and childcare responsibilities. Iris, the former Uber worker, says her husband is also a more confident parent for having been around to do more of the daily work of care and feeding. His company is fully remote except for one week a quarter, when teams get together in-person. Of course, there are big benefits to being in an office, around other people. Companies tout increased collaboration and mentorship opportunities for younger workers as reasons for calling people back. For some working moms, the ability to leave their children at daycare and go into a place where they are something other than a mom is an essential part of staying sane. But the idea that only in-person workers are dedicated to advancing in their careers is a false dichotomy leftover from the pre-pandemic world. People used to go into factories and then to offices because there was no other way to get work done otherwise. That’s no longer the case. Goldin, of Harvard, plays out a troubling scenario where, in an extension of existing family time-use choices, men go into the office five days a week and women go in only three; women will do the client-facing meetings on Zoom and men will go to Europe to close deals, and women, already behind on wages, will lose out on bonuses and pay increases. But it doesn’t have to be that way. “People think it’s mutually exclusive to be really ambitious and committed to your career and also demand flexibility,” says Rachel Thomas, the co-founder and CEO of LeanIn.Org. “I just want to say out loud, ‘I don’t think they’re at odds with one another,’” she says. Most working moms like me—most anybody, I’m sure—would love to be able to snap our fingers and be around our colleagues at work, and then snap our fingers and be home in time to pick up our kids from daycare. But this isn’t Star Trek. If companies are being truthful with themselves, they have to admit that working remotely is the closest thing to teleporting we’ve got. If they want to keep working mothers, something has to give......»»

Source:  timeCategory: top~8 hr. 2 min. ago Related News

Love them or hate them, Hoka"s chunky sneakers are hot. Just ask Gen Z and millennial women.

Hoka is seeing significant growth in the 18-34 consumer demographic. The group drove the largest year-over-year increase in the most recent quarter. Hoka is seeing significant growth in the 18-34 consumer demographic.Hoka One One Hoka One One grew sales 90% to $352 million in its fiscal third quarter, ending December 31.  The brand is seeing significant growth in the 18-34 consumer demographic, especially among women. "It just expands the breadth of our brand from ages 18 to 80," Deckers CEO David Powers said. More young consumers are opting for performance sneakers for daily use, and that's driving sales of Hoka One One to record highs.Hoka's chunky look has its fans and its detractors, but parent company Deckers reported on Thursday that the running brand grew sales 90% to $352 million in its fiscal third quarter. Wholesale revenue for Hoka increased 83%, while direct-to-consumer sales more than doubled. Deckers also raised full-year revenue guidance to $3.53 billion due to the brand's meteoric growth, the company said. Deckers also owns Teva, Sanuk, and Ugg — the latter is Deckers' largest portfolio brand. According to Deckers CEO David Powers, Hoka is seeing significant growth in the 18-34 consumer demographic. The age group drove the largest year-over-year increase in sales in the third quarter, ending December 31."I think in the early days of Hoka, we were selling obviously to core runners and beyond, and then some people were using it for comfort and longevity reasons. And the younger consumers weren't really adopting it as part of their own yet," he said to investors on an earnings call. "But we've seen that shift change dramatically in the last year or so."Gen Z and millennial women have especially driven sales growth for Hoka by regularly visiting the brand's website to view what's new and purchasing shoes, Powers said. The new Solimar cross trainer released in the fall is an example of this trend, he said. The Solimar launched without much brand marketing behind it, but is still in the top five of styles purchased by women aged 18-34.Powers said Hoka is also resonating well with males, "but we see a great deal more opportunity to further expose the brand's product depth by testing access points to specialize in serving this target consumer."Hoka released a collection with Bodega in March 2022.Deckers BrandsHoka is admittedly penetrating the all-important 18-34 demographic more quickly than it expected. But Powers credits the collaborations Hoka has done over the past year for helping increase brand awareness. Hoka partnered with popular boutique Bodega as well Moncler and activewear brand Free People Movement on releases in 2022. Within its own DTC channels, Hoka consumer acquisition and retention increased 95% and 109%, respectively, Deckers said."It's working as we planned, probably a little better than we planned," Powers said. "But you're seeing teenage girls and boys trading from traditional athletic brands into Hoka and raving about it.""It just expands the breadth of our brand from ages 18 to 80," he added.Deckers company sales grew to $1.3 billion in the third quarter, increasing 13% compared to the same period last year.Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~8 hr. 2 min. ago Related News

I"m a virtual therapist who booked $350,000 in revenue last year. Here"s how I built my business with patients, coaching clients, and social media.

Kelly McKenna, who started her business in February 2021, shares how therapists can diversify their revenue streams and grow their businesses. McKenna started her practice in 2021.courtesy of McKenna Kelly McKenna started her own virtual therapy practice in February 2021. Last year, she booked $350,000 in revenue from working 30-hour weeks. McKenna shares how therapists can diversify their revenue streams and grow their businesses. Kelly O'Sullivan McKenna knew something was missing from her job in 2020. She worked in nonprofit business management, but the role lacked the client relationships she'd fostered seven years earlier while earning her master's in social work. She started a part-time job as a therapist in March to fill that void, and two weeks later, she transitioned from in-person work to telehealth. Her longing for customer connection and her experience with telehealth prompted McKenna to launch a virtual therapy practice in February 2021 called Sit With Kelly. Today, McKenna meets with 15 clients per week – a decrease from 20 clients per week in 2021, to make room for more streams of income – and teaches other therapists how to start their own virtual practices. What's more, she booked $350,000 in revenue last year— more than double what she made at her previous job — which Insider verified with documentation.The telehealth industry grew in popularity during the pandemic, and virtual therapy and mental-health services saw substantial increases. By February 2021, 50% of psychiatry appointments and 30% of substance-use treatments were being conducted virtually, a study by the management-consulting firm McKinsey & Company found. There has never been a better time to start a virtual practice, McKenna said. Her Instagram account, which had 55,300 followers at the time of writing, brought in most of her clients.McKenna shared her advice for finding clients, developing multiple revenue streams, and finding a foothold in the telehealth industry. The interview with McKenna has been slightly edited for length and clarity. Take advantage of a virtual world to connect with clientsMcKenna meets with all of her clients online.courtesy of McKennaTwo weeks after I started with the private practice as a therapist, COVID-19 sent the world into lockdown and moved our clients online. That made the idea of starting my own business much more attainable. With telehealth, I saw a new opportunity. I went from working more than 60 hours per week — including nonprofit work and evening private-practice hours — to about 30 hours per week when I started my own business.But when shifting from insurance-based pay to private pay, therapists either have to be well known in the community or have a strong online presence in order to generate referrals. Whether that's through Instagram or a blog, clients need a reason to make the shift from "I'm looking for a therapist who takes my insurance" to "This therapist understands my issues. I want to work with her."Most therapists weren't taught anything about marketing in school. It's important to invest in learning those skills if you want to run a successful business, and social media is a great way to make sure those potential clients know you exist. Building that presence can ensure you keep your caseload full.Expand business offerings authentically  A post shared by Kelly | Anxiety Therapist (@sitwithkelly) Many of my Instagram followers are therapists who want to start their own business, so I launched an online course and additional coaching products to help them. The course comes in three tiers, which focus on specific aspects of running a virtual business. That way, I'm able to connect with people at all stages of their business-launching journey. Brand partnerships on social media are another arm of my business – bringing in $37,000 in revenue in 2022. But I keep my "influencing" posts separate from my therapy business.In an industry as focused on ethics as therapy, I make sure to only work with brands I use and love. Creators have to be careful with brand partnerships. You don't want to lose trust with your audience. I always make sure it's something that makes sense for my brand, such as CBD gummies or weighted blankets, and that I actually use and believe in.The future of therapy is digital, but not all platforms are equalVirtual therapy is a great opportunity for therapists, but we have to be conscious of the way we perform our services. As a virtual-only practice, I don't take any high-risk clients or those who need in-person meetings, where the therapist might have to physically see the patient to assess their progress.My biggest advice for early therapists is to create a network of other mental-health professionals who specialize in the services you don't. If I'm not the best fit for a client, I'll refer them to other psychiatrists or doctors I know. If you don't have a big professional network yet, starting a professional Instagram page is a great way to begin. Another recent change mental-health professionals have to be mindful of is the arrival of new startups in the virtual-therapy space. These can be affordable options for clients, but they often don't pay therapists nearly what they're worth. That's one of the reasons I'm so passionate about business coaching. Teaching therapists how to do it themselves, market themselves, and create a practice of their own is important to me and the future of the therapy space.Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~8 hr. 2 min. ago Related News

US stocks drop but end the week with strong gains after latest Fed move and mega-cap earnings

With about half of S&P 500 companies having reported fourth-quarter earnings, 70% of those companies beat profit estimates by a median of 6%. Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on March 18, 2020 in New York.Bryan R. Smith/AFP/Getty ImagesUS stocks fell on Friday but finished the week higher after a slew of market-moving news.The Fed hiked interest rates, mega-cap tech reported earnings, and the January jobs report surprised to the upside.The US economy added 517,000 jobs in January and the unemployment rate fell to 3.4%.US stocks fell on Friday but finished the week higher after a slew of market-shaking news, with the S&P 500 and Nasdaq 100 gaining about 2% and 3%, respectively. On Wednesday, the Federal Reserve raised interest rates by 25 basis points and acknowledged that central bank policymakers are making progress in taming inflation. Fed Chairman Jerome Powell signaled to investors that future rate hikes are still on the table.On Thursday, Apple, Alphabet, and Amazon reported earnings results that mostly missed analyst estimates. They also offered mixed guidance. Alphabet and Amazon fell in Friday trades, while Apple gained about 3%. Finally, on Friday the January jobs report showed the US economy added 517,000 jobs in January, more than double the estimate of 188,000. The unemployment rate fell to 3.4%, representing the lowest level in 54 years. About half of S&P 500 companies have reported fourth-quarter earnings. Of those companies, 70% are beating profit estimates by a median of 6%. Meanwhile, 62% of those companies are beating revenue estimates by a median of 4%, according to Fundstrat.Here's where US indexes stood at the 4:00 p.m. ET close on Friday:S&P 500: 4,136.44, down 1.04%Dow Jones Industrial Average: 33,925.58, down 0.38% (128.36 points)Nasdaq Composite: 12,006.96, down 1.59%Here's what else happened today:Nordstrom soared more than 30% on Friday after a report said activist investor Ryan Cohen is building a stake in the retailer. Cohen is known for his involvement in meme-stock GameStop.The average 30-year fixed mortgage rate fell back near 6% in an encouraging sign for potential home buyers who were previously priced out of the market. The US Justice Department is reportedly investigating Silvergate Capital's ties with FTX and Alameda Research.Former Treasury Secretary Larry Summers warned that the US economy could come to a "sudden stop" despite the strong January jobs report.Logan Paul has been named as a defendant in a lawsuit that alleges the YouTube star helped perpetrate a crypto "rug pull" scam by promoting an NFT-based project that scooped up buyers' money.In commodities, bonds and crypto:West Texas Intermediate crude oil fell 3.36% to $73.33 per barrel. Brent crude, oil's international benchmark, dropped 2.82% to $79.85.Gold fell 2.69% to $1,878.80 per ounce.The yield on the 10-year Treasury jumped 10 basis points to 3.50%.Bitcoin fell 0.74% to $23,343, while ether rose 0.76% to $1,653. Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~8 hr. 2 min. ago Related News