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Rackspace stock falls after company discloses "security incident"

Shares of Rackspace Technology Inc. were off 8% in Monday morning trading as the cloud-computing company continued to provide information about a security issue that has impacted the company's Hosted Exchange environment. Rackspace disclosed early Saturday that it proactively powered down that environment after discovering an issue, which it determined to be a "security incident." In an update posted to the company's status page early Monday, Rackspace said that it "successfully restored email services to thousands of customers on Microsoft 365 and continue to make progress on restoring email service to every affected customer." Shares have lost two thirds of their value over the past 12 months, as the S&P 500 has fallen 11%. 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......»»

Category: topSource: marketwatch21 min. ago Related News

All About That Base, No Trouble

All About That Base, No Trouble By Peter Tchir of Academy Securities Last weekend we published Positioning & Key Drivers. Much of the work on interest rates followed up on the previous week’s Rates, Risk & Taylor Swift, but we really wanted to highlight “positioning”, aka “the base”. Positioning has been forming the “base” for market moves in both directions. The market’s response to Fed Chair Powell finally agreeing with us (they have to be much more cautious on rate hikes going forward) exposed the broader positioning in bonds and possibly equities. The rallies were strong, though I’d argue that the equities rally was less about positioning and more about people finally having to accept that the Fed has little interest in driving the economy into the ground. Powell’s message was not contradicted by other Fed speakers and was actually reinforced by them (all good for stocks). There is some furious debate over Friday’s market behavior. What Did Friday’s Price Action Tell Us? Price action early in the week was quite obvious. We saw weak data come in, which was coupled with the Fed pulling back on their tightening narrative (terminal rate is probably still too high). Friday saw stocks and bonds collapse after the Non-Farm Payroll data was released. The strong headline data wasn’t the key driver (though it had some impact). What drove the initial sell-off in stocks and bonds was the high and unexpected jump in average wages. That part is clear. What is less clear is why stocks and bonds reversed course (the 10-year came back from 3.63% to 3.48% and the S&P 500 e-mini futures rebounded from 4,007 back to 4,075 at the 4pm close). There are two competing theories: It’s all about the base. Positioning was so bearish that the market had to rally on news that just a couple of weeks ago would have sent it spiraling down. There is some logic to this, but there is little evidence that the market is so bearishly positioned. We can concede that the market isn’t overly bullish, but this “short covering panic theory” leaves a lot to be desired, at least for me. People questioned the data. For those of you who are sick and tired of reading T-Reports highlighting inconsistencies in the data (big focus on jobs and owners equivalent rent), you may have received many such notes from others this past week. My inbox and social media channels were filled with people questioning the jobs report. There was the now “obvious” discrepancy between the Establishment and the Household Surveys (the Household showed job losses). The data from 2 months ago got revised down (again). There were questions about the birth/death adjustment (was high in a period where other evidence showed that existing small businesses struggled, which isn’t typically a sign that new small businesses were being created rapidly). There were also questions about the historically low response rate (possibly due to timing of the survey and Thanksgiving). Finally, many people started to question if the new and improved ADP data isn’t the better data to watch. Maybe neither explanation is correct? No Trouble? Maybe there are two other big factors influencing markets: The potential for some form of armistice, truce, détente, or something between Russia and Ukraine. While many members of our Geopolitical Intelligence Group see the slog grinding through the winter, there are three things that I think have changed, making some sort of peace more likely. The U.S. election is over. Whether we like it or not, support of Ukraine was an election issue. This support had already started to break down along party lines. Why? I don’t know, but that is certainly my perception. So, with the election over, the ongoing cost of supporting Ukraine with weapons and aid will come to the forefront. The tricky question of “how does this end?” will rise to the top. Can we give Ukraine enough support to push Russia completely out? Possibly, but at what expense and where does that leave Putin and Russia? Energy. It is the winter and energy needs are spiking. The West is set to impose more sanctions and there is something about price caps (which I admit I haven’t read, because they are so unlikely to work and far more likely to backfire). Russia, by all accounts, has done a much better job than the West in securing transport for their fuel (not shocking as we pat ourselves on the back about sanctions while they are busy working around the issues). The logistics of these new sanctions will cause the amount of transportation needed to skyrocket. Quite simply, energy markets used to be somewhat efficient. A delivered to B and C delivered to D because they were closer. If A has to ship to D and B has to ship to C, the distances are longer. Ships would be at sea for longer, reducing the number of shipments. For a lot of reasons, addressing global energy concerns may take precedence over what Ukraine wants (and possibly even deserves). Winter. Winter was already mentioned in the energy discussion, but it plays several other roles. Academy’s GIG expects Russia to try to take advantage of frozen rivers to renew their attack on Ukraine. Russia needs to push west and all the rivers run north/south. At the moment, this forces the Russians to cross over bridges in very specific areas which are easily defended by Ukrainians with their highly capable weapons systems. Frozen rivers could help the Russians, but increasingly the efficiency of Ukrainian soldiers will make any Russian advance more difficult. That has led to targeting more and more infrastructure in Ukraine. Ukrainian winters are bleak at the best of times, let alone without the energy and raw resources needed to survive. The human toll will be bad for Ukraine even if they are technically “winning.” Finally, the forced migration of Ukrainians into Europe is placing unexpected burdens on the countries receiving those refugees. The longer the war and destruction lasts, the less likely people are willing or able to go “home” when it is all said and done. Winter will crystalize many risks. China. China seems to be nudging Putin along. You could almost argue that Xi, when he met with Putin, gave him a “win it, or get out ultimatum.” Let’s not fool ourselves, China would be okay with a Russian victory, but they are tired of the daily headlines. Since Russia hasn’t achieved this victory there could be pressure on Putin (whose health is being questioned again in some circles) to find some “graceful” way out. Putin is a bully, but even bullies recognize bigger bullies and try to appease them. The end of China’s zero-COVID policy. This attracts a lot of attention and seems logical (at least from our perspective). It seems realistic that China will set in motion steps to have fewer and less severe restrictions after the winter (there is that word again). That should be good for global supply chains, but with inventory levels already too high, I’m not sure how much of a bounce can be expected from China shifting their policy. Of all these narratives, I like the “peace” one the best (as you can tell by the time spent on that subject relative to others). If we get another big rally in stocks, it could be linked to developments on this front. Mo Trouble? We’ve examined no trouble, so what could cause more trouble? We covered this in more detail in Doesn’t Goldilocks Get Eaten in the End?, so we will just highlight the key issues. The Fed has already set the dominos in motion. The wealth effect and higher rates are bringing the economy to a screeching halt in some areas that will in turn impact others. The recession is coming sooner and will be deeper than expected (we will ultimately recover, but first we need to get through the recession fears). Quantitative tightening is like a nagging cough. It doesn’t seem too bad, but it certainly isn’t good, and you have to be worried about whether it will develop into something more severe. Without a doubt the Fed is committed to balance sheet reduction (because they now believe what I’ve believed all along – that QE affects asset prices directly and that is a big issue and one they want to resolve). When does bad news become bad? My guess is soon, even after Friday’s reversal (remember, Friday’s NFP data wasn’t really “bad” in any traditional sense, so it’s difficult to garner much information on how the market will respond to truly bad economic news, especially on the jobs front). The Pseudo-Random Wildcard! I like using the term pseudo-random as opposed to random because it sounds “smart,” but is actually appropriate as I’m going to apply it to the trading of daily and weekly expiration options. The prominence of these very short-dated options should not be understated. Report after report comes in showing that volumes in these options are increasing and are a large part of all options trading. This includes not just open interest, but also the back-and-forth trading of these contracts. This literally sets us up for large gamma moves each and every day. Any significant move has a greater likelihood of triggering additional buying or more selling, rather than encouraging profit taking or dip buying. It’s a minefield out there wondering what price point triggers buying from those who sold options, which in turn risks pushing levels to the next option point. It is a massive wildcard in trading these days. But it is not random. There are clearly strategies involved in trading these and just because I don’t understand them (yet) doesn’t mean we should ignore them. I’m reasonably certain of two things about these short expiration options: They mostly amplify already large moves. They allow markets to shift from seemingly being overbought to oversold in record time (and vice versa). In terms of learning more, this is an area that requires more study and better understanding. Bottom Line If it weren’t for my “hopes” that we will see some progress with Russia and Ukraine, I’d be in full anti-Goldilocks mode. Barring any positive news out of this war, I’d like to be in a “risk-off” position. Long/overweight bonds (especially in the 2-to-7-year part of the curve) and short/underweight credit spreads and equities. Since this is what I believe most strongly, it is what I should do. But, if you can’t beat them, join them, so I’d also buy some daily or weekly calls to benefit from any headline risk. Maybe the “everyone is short thesis” is correct, but I’m still not there and don’t believe that last week really supported this theory. The moves were rational given the data (and guesstimating the impact of the short-dated expiration options). On the Fed, I don’t expect them to backtrack, and I am looking for the data to drive the terminal rate lower. It isn’t often that you can be in bearish mode with world peace as the risk against you, so hopefully we get that peace dividend and the daily call options pay off! Tyler Durden Mon, 12/05/2022 - 10:50.....»»

Category: smallbizSource: nyt53 min. ago Related News

Enphase Energy, Inc. (ENPH) Hits Fresh High: Is There Still Room to Run?

Enphase Energy (ENPH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. Have you been paying attention to shares of Enphase Energy (ENPH)? Shares have been on the move with the stock up 19% over the past month. The stock hit a new 52-week high of $338.16 in the previous session. Enphase Energy has gained 83.7% since the start of the year compared to the 41.6% move for the Zacks Oils-Energy sector and the 33.7% return for the Zacks Solar industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 25, 2022, Enphase Energy reported EPS of $1.25 versus consensus estimate of $1.07 while it beat the consensus revenue estimate by 2.95%.For the current fiscal year, Enphase Energy is expected to post earnings of $4.38 per share on $2.31 billion in revenues. This represents an 81.74% change in EPS on a 66.83% change in revenues. For the next fiscal year, the company is expected to earn $5.59 per share on $3.11 billion in revenues. This represents a year-over-year change of 27.63% and 35.03%, respectively.Valuation MetricsEnphase Energy may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.Enphase Energy has a Value Score of D. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of A.In terms of its value breakdown, the stock currently trades at 76.7X current fiscal year EPS estimates, which is a premium to the peer industry average of 65X. On a trailing cash flow basis, the stock currently trades at 165.3X versus its peer group's average of 22.1X. Additionally, the stock has a PEG ratio of 1.62. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Enphase Energy currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Enphase Energy meets the list of requirements. Thus, it seems as though Enphase Energy shares could still be poised for more gains ahead. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enphase Energy, Inc. (ENPH): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 9 min. ago Related News

Clean Harbors, Inc. (CLH) Hits Fresh High: Is There Still Room to Run?

Clean Harbors (CLH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. Have you been paying attention to shares of Clean Harbors (CLH)? Shares have been on the move with the stock up 10.8% over the past month. The stock hit a new 52-week high of $125.41 in the previous session. Clean Harbors has gained 24.3% since the start of the year compared to the -25.3% move for the Zacks Business Services sector and the -6.3% return for the Zacks Waste Removal Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 2, 2022, Clean Harbors reported EPS of $2.43 versus consensus estimate of $2.02 while it beat the consensus revenue estimate by 5.43%.For the current fiscal year, Clean Harbors is expected to post earnings of $7.26 per share on $5.14 billion in revenues. This represents a 99.45% change in EPS on a 34.98% change in revenues. For the next fiscal year, the company is expected to earn $6.86 per share on $5.3 billion in revenues. This represents a year-over-year change of -5.51% and 3.11%, respectively.Valuation MetricsClean Harbors may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.Clean Harbors has a Value Score of A. The stock's Growth and Momentum Scores are B and D, respectively, giving the company a VGM Score of A.In terms of its value breakdown, the stock currently trades at 17.1X current fiscal year EPS estimates, which is not in-line with the peer industry average of 23.4X. On a trailing cash flow basis, the stock currently trades at 13.1X versus its peer group's average of 15X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Clean Harbors currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Clean Harbors meets the list of requirements. Thus, it seems as though Clean Harbors shares could still be poised for more gains ahead.How Does CLH Stack Up to the Competition?Shares of CLH have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Core & Main, Inc. (CNM). CNM has a Zacks Rank of # 2 (Buy) and a Value Score of A, a Growth Score of C, and a Momentum Score of B.Earnings were strong last quarter. Core & Main, Inc. beat our consensus estimate by 67.92%, and for the current fiscal year, CNM is expected to post earnings of $1.86 per share on revenue of $6.63 billion.Shares of Core & Main, Inc. have gained 3.1% over the past month, and currently trade at a forward P/E of 11.08X and a P/CF of 13.15X.The Waste Removal Services industry is in the top 37% of all the industries we have in our universe, so it looks like there are some nice tailwinds for CLH and CNM, even beyond their own solid fundamental situation. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clean Harbors, Inc. (CLH): Free Stock Analysis Report Core & Main, Inc. (CNM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 9 min. ago Related News

StoneX Group Inc. (SNEX) Soars to 52-Week High, Time to Cash Out?

StoneX Group Inc. (SNEX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. Have you been paying attention to shares of StoneX Group Inc. (SNEX)? Shares have been on the move with the stock up 11.3% over the past month. The stock hit a new 52-week high of $103 in the previous session. StoneX Group Inc. has gained 68.1% since the start of the year compared to the -10.1% move for the Zacks Finance sector and the -16.4% return for the Zacks Financial - Miscellaneous Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 21, 2022, StoneX Group Inc. reported EPS of $2.49 versus consensus estimate of $1.93 while it beat the consensus revenue estimate by 12.6%.For the current fiscal year, StoneX Group Inc. is expected to post earnings of $8.71 per share on $2.12 billion in revenues. This represents a -12.99% change in EPS on a 7.82% change in revenues. For the next fiscal year, the company is expected to earn $8.95 per share on $2.12 billion in revenues. This represents a year-over-year change of 2.76% and 0.32%, respectively.Valuation MetricsStoneX Group Inc. may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.StoneX Group Inc. has a Value Score of C. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of A.In terms of its value breakdown, the stock currently trades at 11.8X current fiscal year EPS estimates, which is a premium to the peer industry average of 10.3X. On a trailing cash flow basis, the stock currently trades at 7.1X versus its peer group's average of 7.2X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, StoneX Group Inc. currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if StoneX Group Inc. passes the test. Thus, it seems as though StoneX Group Inc. shares could have potential in the weeks and months to come.How Does SNEX Stack Up to the Competition?Shares of SNEX have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Midwest Holding Inc. (MDWT). MDWT has a Zacks Rank of # 1 (Strong Buy) and a Value Score of A, a Growth Score of B, and a Momentum Score of A.Earnings were strong last quarter. Midwest Holding Inc. beat our consensus estimate by 844.44%, and for the current fiscal year, MDWT is expected to post earnings of $1.80 per share on revenue of $61.2 million.Shares of Midwest Holding Inc. have gained 7.8% over the past month, and currently trade at a forward P/E of 9.87X and a P/CF of 555.19X.The Financial - Miscellaneous Services industry may rank in the bottom 54% of all the industries we have in our universe, but there still looks like there are some nice tailwinds for SNEX and MDWT, even beyond their own solid fundamental situation. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report StoneX Group Inc. (SNEX): Free Stock Analysis Report Midwest Holding Inc. (MDWT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 9 min. ago Related News

Community Impact Heroes: Grace Medical Home"s Stephanie Garris bolsters mental health efforts

The group also addresses other needs like food security......»»

Category: topSource: bizjournals1 hr. 21 min. ago Related News

5 Technology Bigwigs to Buy on the Dip for Gains in 2023

We have narrowed our search to five large-cap technology stocks with attractive valuations. These are: ABNB, FTNT, DDOG, VRSN and PAYC. Just four weeks of trading are left to complete a terrible 2022, in which the technology sector has suffered the most. The technology sector, which enabled Wall Street to get rid of the coronavirus-induced short bear market and formed the new bull market, has suffered since the beginning of this year as most market participants were extremely concerned about the sector’s overvaluation in the last two years.As 2022 progressed, 40-year high inflation in the United States, Fed’s ultra-hawkish monetary tightening with a record-high interest rate to combat inflation and concerns about a near-term recession resulted in a sharp decline in the technology sector’s valuation.The Technology Select Sector SPDR (XLK) — one of the 11 broad sectors of the S&P 500 Index — has tumbled 22.2% year to date. The tech-heavy Nasdaq Composite Index has plunged 26.7% year to date and is currently in a bear market.Consequently, the technology sector is no longer overvalued. Moreover, it seems that peak inflation is behind us as indicated by several measures of inflation in October. Fed Chairman Jerome Powell’s recent comment about a possible lowering of the magnitude of interest rate hike in December FOMC meeting will be highly advantageous for this sector.At this stage, it should be prudent to invest in large-cap (market capital > $20 billion) technology stocks with a favorable Zacks Rank for gains in 2023.Technology is the Best Bet for the Long TermThe recent meltdown of the technology sector is a temporary phenomenon. The fundamentals of this sector are rock solid. We must not forget that the growing demand for hi-tech products has been a catalyst for the sector in an otherwise tough environment. A series of breakthroughs in 5G wireless network, cloud computing, predictive analysis, AI, self-driving vehicles, digital personal assistants and IoT, has given a boost to the overall space.Tech Has Vast Potential — Buy on the DipThe leading emerging markets of Asia, Latin America, Africa and some European countries are still way behind in using digital technology compared to the developed world. While mobile phone penetration is nearly 90% in these countries, a large number of people are still using phones with old features, since voice communication and not data serve most of their needs. Even those using smartphones, rarely utilize online digital features.   However, the outbreak of coronavirus quickly changed the lifestyle and lookout of these people. People were not entirely used to digital platforms for their office work (work from home), ordering food and other daily needs or transferring money and making payments. Moreover, online schooling, video conferencing and virtual networking have now become essential.The countries that are more digitized have been able to minimize their losses during the pandemic. These are major lessons for other countries. Even those who are less inclined toward digital technology and online platforms, either because they have to learn using smartphones or tablets or due to fear of data theft, are now feeling the massive advantage of online platforms.Our Top PicksWe have narrowed our search to five large-cap technology stocks with attractive valuations. The stocks have strong growth potential for 2023 and have seen positive earnings estimate revision for the next year in the last 30 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.THe chart below shows the price performance of our five picks in the past monthx.Image Source: Zacks Investment ResearchAirbnb Inc. ABNB is riding on an improvement in the travel industry. Continued recovery in both longer-distance and cross-border travel owing to a reduction in travel restrictions is benefiting ABNB’s Nights & Experience bookings. Additionally, growth in average daily rates and gross booking value is a tailwind.Growing active listings in Latin America, North America and EMEA are contributing well to the top line. Growing sales and marketing initiatives along with continuous efforts to upgrade various aspects of the Airbnb service are helping the company gain momentum among hosts and guests.Airbnb has an expected earnings growth rate of 15.6% for the next year. The Zacks Consensus Estimate for next-year earnings has improved 6.8% over the last 30 days. The stock price of ABNB is currently trading at a 47.3% discount from its 52-week high.Datadog Inc. DDOG is benefitting from new customer additions and increased adoption of its cloud-based monitoring and analytics platform driven by accelerated digital transformation and cloud migration across organizations.The solid adoption of Synthetics and Network Performance Monitoring products are expected to aid customer wins for DDOG in the near term. Contributions from a solid cloud partner base, including Google Cloud, Microsoft Azure and Amazon Web Services, remain the key growth driver for DDOG besides an expanding portfolio.Datadog has an expected earnings growth rate of 17.4% for the next year. The Zacks Consensus Estimate for next-year earnings has improved 10.5% over the last 30 days. The stock price of DDOG is currently trading at a 59.9% discount from its 52-week high.Fortinet Inc. FTNT is benefiting from rising demand for security and networking products amid the coronavirus crisis as a huge global workforce is working remotely. FTNT is also benefiting from robust growth in Fortinet Security Fabric, cloud and Software-defined Wide Area Network offerings.Moreover, continued deal wins, especially those of high value, are solid drivers. Higher IT spending on cybersecurity is expected to aid Fortinet grow faster than the security market. Also, focus on enhancing its unified threat management portfolio through product development and acquisitions is a tailwind for FTNT.Fortinet has an expected earnings growth rate of 20.6% for the next year. The Zacks Consensus Estimate for next-year earnings improved 6.2% over the last 30 days. The stock price of FTNT is currently trading at a 27.9% discount from its 52-week high.Paycom Software Inc.  PAYC is a provider of cloud-based human capital management software as a service solution for integrated software for both employee records and talent management processes.PAYC’s differentiated employee strategy, measurement capabilities and comprehensive product offerings are helping it win new customers. Further, solutions like Ask Here and Manager on-the-Go, both focusing on employee usage and efficiency, are tailwinds.Paycom has an expected earnings growth rate of 23.3% for the next year. The Zacks Consensus Estimate for next-year earnings has improved 0.6% over the last 30 days. The stock price of PAYC is currently trading at a 23.2% discount to its 52-week high.VeriSign Inc. VRSN  ended the third quarter of 2022 with 174.2 million .com and .net domain name registrations, up 1.2% year over year. VRSN’s performance is being driven by growth in .com and .net domain name registrations.VeriSign is expected to benefit from growing Internet consumption globally. VRSN continues to expand its critical infrastructure to tap the growing demand for DNS navigation services in industries like commerce, education and healthcare.VeriSign has an expected earnings growth rate of 11.2% for the next year. The Zacks Consensus Estimate for next-year earnings improved 0.1% over the last 30 days. The stock price of VRSN is currently trading at a 21.4% discount to its 52-week high. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VeriSign, Inc. (VRSN): Free Stock Analysis Report Fortinet, Inc. (FTNT): Free Stock Analysis Report Paycom Software, Inc. (PAYC): Free Stock Analysis Report Datadog, Inc. (DDOG): Free Stock Analysis Report Airbnb, Inc. (ABNB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks2 hr. 21 min. ago Related News

Here"s How Much a $1000 Investment in Best Buy Made 10 Years Ago Would Be Worth Today

Holding on to popular or trending stocks for the long-term can make your portfolio a winner. How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.What if you'd invested in Best Buy (BBY) ten years ago? It may not have been easy to hold on to BBY for all that time, but if you did, how much would your investment be worth today?Best Buy's Business In-DepthWith that in mind, let's take a look at Best Buy's main business drivers. Incorporated in 1966 and headquartered in Richfield, MN, Best Buy Company Inc. (BBY) is a multinational specialty retailer of consumer electronics, home office products, entertainment software, communication, food preparation, wellness, health, security, appliances and related services. The company retails technology products in the United States and Canada.Best Buy operates through two business segments. The Domestic Segment (95.8% of Q3FY23 total revenues) is comprised of the operations, including Best Buy Health business, in all states, districts and territories of the United States under various brand names Best Buy, Best Buy Business, Best Buy Express, Best Buy Health, CST, Geek Squad, GreatCall, Lively, Magnolia and Pacific Kitchen and Home. The International Segment (4.2% of Q3FY23 total revenues) comprised operations in Canada under the brand names Best Buy, Best Buy Express, Best Buy Mobile and Geek Squad.Domestic and International segments have offerings in six revenue categories.Computing and Mobile Phones - computing (including desktops, notebooks and peripherals), mobile phones (including related mobile network carrier commissions), networking, tablets (including e-readers) and wearables (including smartwatches);Consumer Electronics - digital imaging, health and fitness, home theater, portable audio and smart home;Appliances - including dishwashers, laundry, ovens, refrigerators, blenders, coffee makers and vacuums;Entertainment - drones, gaming, movies, music, toys, virtual reality and other software;Services - consultation, delivery, design, health-related services, installation, memberships, repair, set-up, technical support and warranty-related services; andOther - beverages, snacks, sundry items and other product offerings.Bottom LineWhile anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Best Buy ten years ago, you're probably feeling pretty good about your investment today.According to our calculations, a $1000 investment made in December 2012 would be worth $6,605.64, or a gain of 560.56%, as of December 5, 2022, and this return excludes dividends but includes price increases.In comparison, the S&P 500 gained 187.51% and the price of gold went up 1.91% over the same time frame.Analysts are anticipating more upside for BBY. Shares of Best Buy have outperformed the industry in the past three months. Management focuses on improving the digital capabilities including boosting its omni-channel services, such as buy online and pickup in store services. The company is also making a significant headway in the health space. However, a challenging operating environment and increased promotional backdrop in the consumer electronics industry remain concerns. Hence, the company posted soft results in third-quarter fiscal 2022, with the top and the bottom lines declining year over year, but both metrics beat the Zacks Consensus Estimate. Further, sales declined across both the Domestic and International segments in the quarter. Enterprise comparable sales dropped 10.4% and margins were also weak. For the fiscal fourth quarter, management expects comparable sales to fall 10%. The stock is up 26.98% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 12 higher, for fiscal 2023. The consensus estimate has moved up as well. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks2 hr. 21 min. ago Related News

McCarthy Says Defense Bill Won"t Move Forward Unless Military Vaccine Mandate Dropped

McCarthy Says Defense Bill Won't Move Forward Unless Military Vaccine Mandate Dropped Authored by Katabella Roberts via The Epoch Times, House Minority Leader Kevin McCarthy (R-Calif.) vowed on Sunday that the fiscal 2023 National Defense Authorization Act (NDAA) will not move forward unless the military’s COVID-19 vaccine mandate ends. Speaking on Fox Business Network’s “Sunday Morning Futures,” McCarthy said that lawmakers are working through the $817 billion national defense bill with the hopes of lifting the vaccine mandate among military personnel. The mandate has been in place since August 2021. “We will secure lifting that vaccine mandate on our military because what we’re finding is, they’re kicking out men and women that have been serving,” McCarthy said, noting recruitment shortfalls. “That’s the first victory of having a Republican majority, and we’d like to have more of those victories, and we should start moving those now.” According to Defense Department data, 3,717 Marines, 1,816 soldiers, and 2,064 sailors have been discharged for refusing to get vaccinated against COVID-19, although a small portion has been allowed to remain in service owing to religious or medical waivers. As of Dec. 1, over 11,500 members of the Army, Army National Guard, and Army Reserve have declined to get vaccinated against COVID-19, Axios reported, while 97 percent of the Army’s active personnel received the shot. Army Missing Out on Recruitment Goals Various military bodies have been struggling to meet their recruitment goals in part over the vaccine mandate, with the U.S. Army reaching just 75 percent of its recruitment goal of 60,000 for this year, according to Army Secretary Christine Wormuth. McCarthy also said on Sunday that he had spoken with President Joe Biden last week and “laid out very clearly what the difference will be with the new Republican majority.” When asked if the NDAA will move forward if the vaccine mandate is not lifted, McCarthy confirmed it will not, pointing to his meeting with Biden. The NDAA, which lays out the annual budget and expenditures of the U.S. Department of Defense, has become law every year for six decades. “I’ve been very clear with the president, the president worked with me on this,” said the lawmaker, who is the Republican nominee for the next speaker of the House of Representatives. The White House confirmed on Sunday that it is considering McCarthy’s proposal to scrap the military’s requirement that personnel are fully vaccinated, despite Defense Secretary Lloyd Austin on Dec. 3 vowing to continue imposing the mandate. One day prior, Pentagon press secretary Brig. Gen. Patrick Ryder also promised to keep the mandate in place, citing U.S. national security. “Leader McCarthy raised this with the president and the president told him he would consider it,” White House spokesperson Olivia Dalton told Reuters. “The secretary of defense has recommended retaining the mandate, and the president supports his position. Discussions about the NDAA are ongoing.” Republicans have been calling on the Biden administration to scrap the vaccine mandate for military personnel, claiming that the move, which has been inundated with lawsuits, has hurt the National Guard’s ability to recruit troops. Tyler Durden Mon, 12/05/2022 - 08:17.....»»

Category: blogSource: zerohedge2 hr. 21 min. ago Related News

9 email and Instagram DM templates that influencers use to reach out to brands for paid partnerships

Influencers are using these templates to find success landing deals with brands including Credit Karma, Lancôme, and others. Tori Dunlap.Tori Dunlap Many influencers land paid partnerships by reaching out directly to brands. Some slide into a company's DMs on Instagram or TikTok, while others email the influencer team. Several influencers on YouTube, Instagram, and TikTok shared the exact templates they use.  For many influencers, brand collaborations are one of the main ways to earn income, especially for those who work full-time as content creators.Making the first move by DMing or emailing a brand is usually the best way to get in touch for a potential collab, according to several influencers that Insider previously spoke with. Some influencers, like Jalyn Baiden, focus their outreach efforts on a specific social-media platform, like Instagram. Baiden left her day job in digital marketing last year to pursue content creation more seriously, and now has almost 6,000 Instagram followers. Her Instagram template that she used to successfully pitch brands has helped her earn enough to sustain her lifestyle in Virginia. "So far, I've made 40% of my old salary in the last four months," Baiden previously told Insider. "It's crazy to even say that out loud." Take a look at the exact template she's used to get paid deals and earn five figures this yearMeanwhile, influencer London Lazerson, who has 9.1 million TikTok followers, uses one of two LinkedIn templates he's perfected to reach out to brands. The strategy has earned him six figures in 2021.Read the LinkedIn templates he uses to get in touch with CEOs for brand dealsAlthough social media is a powerful tool to get in touch with brands directly, some influencers, like Gigi Kovach, who has 12,800 Instagram followers, prefer to focus their efforts on email outreach. Kovach has a "pitch bank" of email templates, and chooses one depending on the company, product, or experience. Each template has a clear indication of her rates and what goes into that amount, so that brands know what they're paying for. "It's not just some arbitrary, 'you owe me $500,' it's a breakdown of everything that they're getting in return for that $500," she previously told Insider. Here is a recent template she used to successfully pitch a brand over emailInsider spoke to nine influencers who shared their exact DM and email templates used to land brand collaborations.Email templates influencers use to pitch brands:Jack Betts, an influencer with around 5,300 Instagram followers. He shared the email template that he also includes a resume in.Julie Tecson, an influencer with around 7,100 Instagram followers. She has different email templates for different purposes.Gigi Kovach, an influencer with around 12,800 Instagram followers. She uses this email template to pitch brands.Emma Cortes, an influencer with around 51,200 Instagram followers. Here is the email template she used to start landing paid collabs.DM templates influencers use to pitch brands: Jayln Baiden, an influencer with around 5,700 Instagram followers. Here is a DM template she recommends using to catch a brand's attention.Lillian Zhang, an influencer with around 22,300 TikTok followers. Here's the DM she used to land her first paid brand collaboration.Ashley Jones, an influencer with around 58,700 Instagram followers. She shares advice on the best way to DM a brand on Instagram.Tori Dunlap, an  influencer with around 2.3 million TikTok followers. She shared 2 templates she uses to pitch brands on Instagram.London Lazerson, an influencer with around 9.1 million followers on TikTok. He shared two examples of DMs he sends to brands.Read the original article on Business Insider.....»»

Category: personnelSource: nyt2 hr. 37 min. ago Related News

Elon Musk says Twitter"s team was "too intense" with suspending false accounts and is "moving to chill mode"

Musk said Twitter is "purging" fake accounts on Thursday, but one user complained that accounts posting memes and positive content were affected too. Musk says Twitter team was "too intense" with removing spam and bot accounts from the platform.Susan Walsh/AP Musk said Twitter's team had been "too intense" with suspending fake accounts. One user complained that accounts posting positive content and memes were being suspended.  Musk said the team in charge of suspensions was "moving to chill mode." Elon Musk said on Sunday night that the team responsible for removing spam and bot accounts on Twitter had been "a bit too intense" when suspending users on the site, and would be told to "chill" going forward.After one Twitter user complained about Twitter suspending a number of genuine accounts that posted "memes and positivity," Musk responded: "Team was a bit too intense with spam/bot suspensions. Moving to chill mode." Musk had tweeted on Thursday that that the platform was "purging a lot of spam/scam accounts," and that users might subsequently see their follower numbers drop. Musk's issue with fake accounts defined his six-month saga with Twitter over buying the platform. Musk originally terminated his deal to buy Twitter in July saying that the number of spam and bot accounts on the platform was far higher than what Twitter had disclosed to him in financial reports. Musk's analysis found that fake accounts on Twitter were "higher than 5%." The billionaire CEO promised back in April that if his buyout of Twitter succeeded he would "defeat the spam bots or die trying!" He added to to the tweet that he wanted to "authenticate all real humans." Twitter's new trust and safety head Ella Irwin said that Musk's top priority was platform safety in an interview with Reuters. Irwin highlighted that the social media platform was now relying more on artificial intelligence to spot and address harmful content. Several left-wing activists had their accounts suspended unfairly over the past few weeks because Twitter's trust and safety team has been "decimated," one activist impacted told Insider. Key members of the team quit or were fired including Irwin's predecessors, Vijaya Gadde and Yoel Roth. On Friday, journalist Matt Taibbi released "The Twitter Files," in a thread under Musk's instructions, to show how Twitter suppressed the content of Hunter Biden's laptop being released before the 2020 presidential elections. The exposé doxxed multiple people including revealing the email addresses of former CEO Jack Dorsey and politician Rohit Khanna, The Verge reported.Read the original article on Business Insider.....»»

Category: personnelSource: nyt2 hr. 37 min. ago Related News

Hedge Fund CIO: "The Great Irony In Investing Is That The Harder You Try To Protect From Something, The More Likely It Is To Find You"

Hedge Fund CIO: "The Great Irony In Investing Is That The Harder You Try To Protect From Something, The More Likely It Is To Find You" By Eric Peters, CIO of One River Asset Management   "Everyone has been traumatized by something unexpected,” he said, the two of us catching up, wandering, our regular free-form talks. “So they try to organize their lives and create structures that they feel give them control,” continued the CIO, a brilliant investor. “But there is no such thing as certainty, only the illusion of having an ability to control our destiny.” Last year at this time, markets priced the Fed Funds rate would be 1% now, rising gradually to 2.25%. And last month, SBF was seen by many as a savior savant. We fill our lives with fantasy.   “Those who can focus on the present, perform better and are generally happier,” continued my friend. “When you’re continually focused on the next thing, you’re less successful in the moment,” he said. “We all know this, and we’re trained to be present, but somehow the structure and incentives inherent in society push us to spend too much of our lives thinking about how to secure a stable future for ourselves.” The more money we accumulate, the more this tends to be the case. “Most people eventually find themselves slave to the future.” “In market parlance, this phenomenon is the equivalent to selling volatility,” he said. “People view the income received from buying bonds or selling volatility to be a known quantity, a guarantee of sorts. But the reality is the certainty of such coupons is an illusion,” he said. “The truth is that buying convexity is a better way to live, because it is inherently less fragile.” But you must buy enough of it, making numerous bets, whether in entrepreneurial business-building or investing. “You must expose yourself to upside and accept the downside.” “People hate holding cash, because they forego locking into a coupon,” he said. “They think it is a drag on their portfolios, but cash is an option.” It gives you an ability to buy something in the future, even if you do not yet know what you’ll buy. “Most people dream of someday having enough money so that they can purchase enough coupons to allow them to live risk-free forever.” A bulletproof life. “But getting to a place where you no longer need to think is emotionally quite dumb. The thrill of thinking and being is what makes us human.” “Building wealth requires that you take risk, buy convexity, subject yourself to uncertainty, reality,” he said. “The portfolio that awaits most people when they get to the point of having enough money is short volatility. It is buying yield. It is devoid of creativity. It is acquiring commercial properties. Covid happens, you’re financially destroyed,” he said. “Selling volatility and collecting risk premiums is what people generally do when they try to create a certain future for themselves, and it tends to work for a time, but it’s a dangerous business.” “One of the great ironies in both life and investing is that the harder you try to protect yourself from something, the more likely it is to find you,” he said. “We are best when we accept that the thing we fear most is what we must embrace,” said my friend. “And it’s often the thing that we tell ourselves most regularly that is our greatest self-deception. Mine is that I tell myself I’m bad with people. I don’t like being social and use that as justification for creating the detached life I live. The truth is probably that I fear letting people down. And everyone has such lies they tell themselves. They’re usually staring us right in the face.” Tyler Durden Mon, 12/05/2022 - 05:00.....»»

Category: blogSource: zerohedge4 hr. 36 min. ago Related News

The G7 Cap On Russian Oil Is A Subsidy To China

The G7 Cap On Russian Oil Is A Subsidy To China Authored by Daniel Lacalle, There are many mistakes in the G7 agreement to put a cap on Russian oil. The first one is that it does not hurt Russia at all. The agreed cap, at $60 a barrel, is higher than the current Urals price, above the five-year average of the quoted price and higher than Rosneft’s average netback price. According to Reuters, “the G7 price cap will allow non-EU countries to continue importing seaborne Russian crude oil, but it will prohibit shipping, insurance, and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap”. This means that China will be able to purchase more Russian oil at a large discount while the Russian state-owned oil giant will continue to make a very healthy 16% return on average capital employed (ROACE) and more than 8.8 billion roubles in revenues, which means an EBITDA (earnings before interest, taxes, depreciation and amortization) that more than doubles its capex requirements. This misguided cap is not only a subsidy to China and a price that still makes Rosneft enormously profitable and able to pay billions to the Russian state in taxes. It is a big mistake if we want to see lower oil prices. With this cap the G7 have created an unnecessary and artificial bottom to old prices. The G7 did not want to understand why oil prices have roundtripped in 2022: Competition and demand reaction. By putting a $60 a barrel cap, which is a bottom price, the G7 have almost made it impossible for prices to reach a true bottom if a demand crisis arrives. On the one hand, the G7 has taken 4.5 million barrels a day, the estimated Russian oil exports for 2023, out of the supply picture with a minimum -and maximum- price, but additionally has made OPEC keener on cutting supply and raising their exports’ average realized oil price higher. China must be exceedingly happy. The Asian giant will secure a long-term supply at al attractive price from Russia and sell refined products globally at higher margins. Sinopec and Petrochina will find enough opportunities in the global market to secure better margins for their refined products while guaranteeing affordable supply in a challenging economic situation. When I read this news about “price caps” I wonder if bureaucrats have ever worked in a global competitive industry. They may have not, but they certainly employ thousands of “experts” that may have told them that this is a clever idea. It is rubbish. If the G7 really wanted to hurt Russia’s finances and exports the way to do it is to encourage higher investment in alternative and more competitive sources. However, what is happening is the opposite. G7 governments continue to impose barriers to investment in energy as well as place regulatory and wrongly called environmental burdens that make it even more difficult to guarantee diversification and security of supply. What killed the oil crisis of the seventies was the phenomenal rise of investment in other productive areas. What has allowed oil prices to do an almost 180-degree year-to-date move is higher supply, non-OPEC competition and demand response. The energy sector already suffers from concerning levels of underinvestment. According to Morgan Stanley, oil and gas underinvestment has reached $600 billion per annum. With this so-called price cap, the incentive for producers to sell what they can and invest as little as possible is even higher, and this may imply much higher oil prices in the future. China and Russia also know that renewables and other alternatives are nowhere close to being a widely available alternative and that, anyhow, this would require trillions of dollars of investment in mining of coper, cobalt, and rare earths. By adding a so-called cap on Russian oil prices to the increasing barriers to develop domestic resources the G7 may be planting the seeds of a commodity super-cycle where dependence on OPEC and Russia increases, instead of decreasing. I repeat what I have been saying for months. The developed economies’ governments are taking their countries from a modest dependence on Russia to a massive dependence on China and Russia. Tyler Durden Mon, 12/05/2022 - 05:45.....»»

Category: blogSource: zerohedge4 hr. 36 min. ago Related News

Boston marketing firms urge clients to stop advertising on Twitter

Four major Boston-area advertising and marketing firms have advised clients to pause advertising on the social media site since it's come the ownership of Elon Musk......»»

Category: topSource: bizjournals5 hr. 9 min. ago Related News

Venues, Catering and Entertainment

230 Fifth Rooftop Bar An exceptional space for meetings and events, 230 Fifth is New York’s largest outdoor rooftop garden and enclosed penthouse lounge. One floor is fully enclosed, while its rooftop garden is open to the sky. It has large umbrellas for sunny or rainy days and is partially heated on colder nights. Located in the Flatiron District of Manhattan, 230 Fifth boasts breathtaking views of the Manhattan skyline, including the Empire State Building and the Chrysler Building. Offering guests high-speed Internet, state-of-the-art audio and visual equipment, and large screen projectors and TVs, it can accommodate private functions for 25 to 1,200 guests in its 33,000-square-foot space. Every event, regardless of its size or style, is custom tailored to each client’s needs and tastes. Inquiries are welcome, and a contact person will be pleased to answer any questions that clients—current and potential—may have about the New York City penthouse space. Address: 230 Fifth Ave., New York, NY 10001 Phone: 212-725-4300 Email: info@230-fifth.com Website: 230-fifth.com 3 WEST CLUB Both historic and timeless, the 3 West Club offers everything one could want in an event space—and much more. Centrally located off Fifth Avenue and steps away from Rockefeller Center, it is one of Manhattan’s hidden gems. With six event and meeting spaces, along with a stunning rooftop area, the 3 West Club is extremely flexible, as it accommodates 10 to 350 people. And, with 28 well-appointed rooms, it provides guests the option to stay overnight as well. Whether you are planning a corporate event, an intimate meeting, a gala dinner, a conference, or a nonprofit reception or fundraiser, the 3 West Club has the versatility to create a customized, memorable and extraordinary experience. Address: 3 W. 51st St., New York, NY 10019 Phone: 212-582-5456 Email: events@3westclub.com Website: 3westclub.com 583 PARK AVENUE Located on Park Avenue and 63rd Street, 583 Park Avenue, a New York City event space, is a landmark building that has been restored and made available for private events, alongside corporate and nonprofit events. Built in 1923 and designed by the renowned architectural firm Delano & Aldrich, 583 Park Avenue is reminiscent of a bygone era. Complete with a grand, pre-function space, including floor plans like the Arcade, the Ballroom and the Balconies, it also offers guests a remarkable amount of flexibility for all types of special events. Address: 83 Park Ave., New York, NY 10065 Phone: 212-583-7200 Email: events@583parkave.com Website: 583parkave.com/ APELLA BY ALEXANDRIA Apella is New York City’s most innovative meeting and event space. Located within The Alexandria Center for Life Science, Apella offers 10 thoughtfully designed rooms with contemporary interiors, advanced technology and expansive East River and city skyline views. Providing up to 20,000 square feet of event space, Apella features 10 private suites, in order to accommodate two to 300 attendees, as well as upwards of 1,250 guests for large-scale celebrations. Furthermore, Apella’s thoughtfully appointed spaces provide an open, yet highly secure setting for executive board meetings, industry conferences, corporate retreats and product launches, while also offering on-site technology that ranges from 250 Mbps high-speed WiFi to 11,000-lumen, 1080p laser projectors. Address: 450 E. 29th St., Second Floor, New York, NY 10016 Phone: 212-706-4100 Email: info@apella.com Website: apella.com/ BARCLAYS CENTER Positioned at the crossroads of Atlantic and Flatbush Avenues, Barclays Center is Brooklyn’s world-class home for sports and entertainment. The arena features one of the most intimate seating configurations displayed in a modern, multi-purpose arena, and has first-class amenities, including 101 luxury suites, as well as numerous premium club spaces, including the 40/40 CLUB & Restaurant by American Express and Qatar Airways Courtside Club. Whether guests are hosting a corporate outing or company meeting, along with a press conference, product launch or fundraising event, Barclays Center can accommodate groups of a wide array of sizes—from hundreds to thousands upon thousands. And it has a variety of concessions, ranging from hot dogs and cheesesteaks, to lobster rolls and barbeque, as well as four bars. Address: 620 Atlantic Ave., Brooklyn, NY 11217 Phone: 917-618-6100 Email: guestservices@barclayscenter.com Website: barclayscenter.com BEACON THEATRE The legendary Beacon Theatre is a historic New York City landmark, renovated to its original glory during the late 2000s, thereby returning it to its initial Roaring Twenties grandeur. A venerable rock room for generations of New Yorkers, the Beacon Theatre is equipped with advanced technology and mystical charm, enabling it to provide guests an intimate setting for unforgettable concerts and events. A 2,600-seat venue, the theatre was built in 1929 and designed in the art deco style by architect Walter Ahlschlager. It was also designated a New York landmark building by the NYC Landmarks Preservation Commission in 1979 and acquired by Madison Square Garden Entertainment Corp. in 2006. Address: 2124 Broadway, New York, NY 10023 Phone: 212-465-6500 Email: msgepr@msg.com Website: msg.com/beacon-theatre BOWLMOR CHELSEA PIERS Located at Pier 60, just off the West Side Highway, Bowlmor Chelsea Piers is New York City’s ultimate entertainment destination—a place where the party-inspired glow of 40 blacklight bowling lanes and massive lane-side video walls meets the flashing lights and lively sounds of your favorite arcade games. After you hit lanes, it’s time to suit up and experience the thrilling fun of Urban Mission Laser Tag in Bowlmor’s state-of-the-art arena. The perfect place to play, party and partake, Bowlmor Chelsea Piers features a private, eight-lane bowling suite in addition to a semi-private loft space that features flat-screen TVs, lounge seating and vintage games. Let Bowlmor’s talented party professionals help plan your next event—and experience (or relive) the fun of the city’s best venue for office parties, private parties, kids’ birthday parties and every occasion in between. ddress: Chelsea Piers-Pier 60, New York, NY 10011 Phone: 212-835-2695 Website: bowlmor.com/location/bowlmor-chelsea-piers BOWLMOR TIMES SQUARE Enter Bowlmor Times Square’s 90,000-square-foot venue and discover 48 lanes, featuring HD video walls, brilliant blacklights and posh lane-side seating, in addition to an all-star arcade that has some of the city’s coolest interactive games. A tribute to the New York City of yesterday and today, it boasts seven uniquely themed bowling lounges—each one depicting a particular place and time in the history of New York City. Guests can bowl, dine and celebrate amid the scenery of a Prohibition-era speakeasy, an art deco palace, a Pop Art-inspired gallery or an iconic city neighborhood like Chinatown, Central Park or Coney Island (featuring graffiti murals by renowned street artist Jonas Never). Address: 222 W. 44th St., New York, NY 10036 Phone: 212-680-0012 Website: bowlmor.com/location/bowlmor-times-square BROOKLYN MUSEUM The Brooklyn Museum, one of the country’s most extensive and comprehensive art museums, is an extraordinary venue located in the heart of one of the world’s most creative and exciting urban centers: the borough of Brooklyn. The museum’s spaces provide stunning, one-of-a-kind backdrops for private events, including wedding ceremonies and receptions, cocktail parties and corporate events. Address: 200 Eastern Pkwy., Brooklyn, NY 11238 Phone: 718-638-5000 Email: information@brooklynmuseum.org Website: brooklynmuseum.org/ CENTRAL PARK ZOO The Central Park Zoo is a unique event space that’s perfect for cocktail receptions and seated dinners. With the capability to seat up to 700 guests, the zoo’s open space has the flexibility for any event, as it provides a nearly 200-foot-long, clear-top seasonal tent, along with options to add on connecting tents. Furthermore, it offers guests moss-covered colonnades, which provide them additional covered space, along with a tranquil backdrop to any of their photos. Exclusive access to exhibits is also available for guests, depending on sunset times. Address: 64th St. & Fifth Ave., New York, NY 10021 Phone: 212-439-6500 Email: events@wcs.org Website: centralparkzoo.com   CITY CRUISES ANCHORED BY HORNBLOWER Bring your event to life with a picture-perfect backdrop and experience the iconic New York skyline from a whole new perspective! Whether you’re planning an employee outing, a corporate milestone or an elegant business dinner, our professional planners, flexible packages and superior guest services will help effortlessly execute your event. City Cruises delivers a wide range of experiences, characterized by high-quality cuisine, onboard entertainment and spectacular skyline views. Cruising year-round from both New York and New Jersey, guests can savor the moment and connect with each other, while sailing past the Empire State Building, One World Trade Center, the Brooklyn Bridge, Statue of Liberty and more! Meet our New York Fleet: Premier Cruises Step aboard the all-glass European-inspired Bateaux New York for an upscale and unforgettable dining experience, featuring a chef prepared three-course plated meal, live band entertainment with an acoustic trio, a vocalist and grand piano, a refined atmosphere, personalized service and unobstructed views of the iconic city skyline. Signature Cruises Whenever you’re looking for a fun and festive way to get out on the water, a signature cruise is your answer. Come aboard and experience breathtaking New York City skyline views, delicious buffet-style meals, attentive service, DJ entertainment, a rooftop lounge and onboard games. Private Yachts With sensational skyline views and completely customizable options, the Atlantica, Manhattan Elite and Lexington offer great ways to host a unique event aboard your own private yacht. Guests will enjoy an upscale experience that’s characterized by elegant, high-quality cuisine and an intimate atmosphere. Address: Pier 61, Chelsea Piers, West 23rd and 12th, New York, NY 10011 Phone: 866-817-3463 Contact: Veronica Caverly, team market manager Email: veronica.caverly@cityexperiences.com Website: citycruises.com/NewYork CLASSIC CAR CLUB MANHATTAN Interested in hosting an event that’s located within a truly unique waterfront setting? Welcome to Classic Car Club at Pier 76 in Hudson River Park. Conveniently located across from Jacob Javits Center and Hudson Yards—and one block from the 7 train on Manhattan’s west side—the venue features 8,000 square feet of unobstructed space, 30-foot ceilings and 20-foot operable glass doors that open up to a sprawling, 3,200-square-foot outdoor terrace, which overlooks the Hudson River. A fleet of classic and exotic cars can either be made available for display or cleared out, depending on your preference. Classic Car Club has hosted events for groups as few as 30 people, as many as 1,400—and everything in between. And an open floor plan allows the space to accommodate as intimate and intricate of an event as you wish to have. Address: 1 Pier 76, 408 12th Ave., New York, NY 10018 Phone: 212-229-2402 Email: info@classiccarclub.com Website: classiccarclubmanhattan.com DAVE AND BUSTER’S Dave and Buster’s is a multifaceted entertainment venue that features creative cuisine, custom cocktails and team-building activities, along with multiple meeting room options, complete with state-of-the-art audiovisual technology. A one-stop shop for all your needs, Dave and Buster’s is conveniently located in Times Square and accessible to a majority of New York City’s transit options. It infuses fun with the necessity of teambuilding for companies who are looking to build relationships, inspire competitiveness and offer the gift of fun to their employees and clients. And it is the perfect setting for meetings, cocktail events, product launches, and client and employee appreciation events. Address: 234 W. 42nd St., Third Floor, New York, NY 10036 Phone: 646-495-2015 Email: pete.thornfield@daveandbusters.com Website: daveandbusters.com/locations/new-york-city-times-square EMPIRE STEAK HOUSE Empire Steak House stands out from the rest when it comes to food, service and ambience, as it provides guests the finest cuts of steaks, the freshest seafood and an extensive wine and cocktail list. Empire Steak House has two restaurants conveniently located on the east and west sides of Midtown Manhattan—on 50th Street and 54th Street. Also offering dedicated private dining coordinators, guests can plan and personalize their events, leading to unforgettable experiences. Whether guests are hosting a corporate event or celebrating a special occasion, Empire Steak House’s goal is to ensure quality and hospitality, so that planners will enjoy their event as much as their guests do! Addresses: Empire Steak House East: 151 E. 50th St., New York, NY 10022 Empire Steak House West: 237 W. 54th St., New York, NY 10019 Phone: 212-582-6900 (east side) 212-586-9700 (west side) Email: info50@empiresteakhousenyc.com Website: empiresteakhousenyc.com LIBERTY SCIENCE CENTER Planning an intimate dinner, a conference or a company holiday celebration? Gather in a soaring open atrium or a dramatic, glass-enclosed private room overlooking New York City and the Statue of Liberty. Liberty Science Center is just minutes from Manhattan. Its meeting spaces and theaters are fully equipped for multimedia presentations, and its staff will expertly handle every detail. Host your next unforgettable event at Liberty Science Center. Address: 222 Jersey City Blvd., Jersey City, NJ 07305 Phone: 201-253-1378 Email: specialevents@lsc.org Website: lsc.org/about-us/plan-an-event   MANHATTAN CENTER Modern and Versatile Infrastructure with World Renowned Elegance 50,000 square feet of flexible space conveniently located on 34th street between 8th and 9th avenues State-of-the-Art Technology to include audio, video, lighting, and television facilities Perfect for any event ranging from galas, receptions, and conferences to product launches, televised events, and large scale productions Mention this ad for special pricing. Address: 311 W 34th St (Between 8th and 9th Aves), New York, NY 10001 Neighborhood: Midtown Phone: 646-293-1077 Contact: Jessica Rothstein Berman, vice president of sales Email: jrb@mc34.com Website: mc34.com   MANHATTAN MANOR Situated in the heart of bustling midtown, the Manhattan Manor holds one of Times Square’s best kept secrets. An independent, dedicated special events space for 20 years with one of the newest, most modern, divine spaces in New York. 7,000 square feet of luxurious space with gorgeous French doors, skylights, exposed brick, chandeliers, and spectacular views from Central Park to Times Square. Manhattan Club is located on the second floor of Manhattan Manor with beautiful wooden paneling, custom lights, a classic oak bar, views along seventh avenue, silk curtains, and two built-in screens and projectors. It offers the perfect balance of elegance and practicality. Skylight Room is the newest member of Manhattan Manor having been completed in 2019. Complete with skylights on three sides, 7 original chandeliers, a fireplace, mahogany floors, French Doors overlooking 52nd street and Seventh Avenue and views of the Ball Drop, it offers an original space that can be completely adapted to your unique event. Combined with the professional in-house Catering staff and exquisite cuisine, this is most certainly a place to discover and experience. Venue Capacity: Manhattan Club– 250 Seated, 200 with Dance Floor Skylight Room – 260 Seated, 210 with Dance Floor Address: 201 West 52nd Street. Between Broadway and 7th Avenues Neighborhood: Times Square/Midtown Phone: 212-489-9595 Contact: Amanda Pilar Smith Email: amanda@manhattan manor.com Website: manhattanmanor.com THE ALTMAN BUILDING The Altman Building is proud to celebrate over 22 years as a premier New York City landmark and historic event venue. Established in 1896 as the carriage house for the B. Altman department store, The Altman Building is now a versatile, private event space, boasting 14,000 square feet over two floors. And its venue entrance is ground level and virtually column-free, providing unparalleled flexibility in event production—from large conferences and summits, to intimate social events and weddings. Offering a capacity of 400 to 750 guests, the unique Chelsea venue also strives to implement its motto daily: “Our Venue, Your Vision.” Address: 135 W. 18th St., New York, NY 10011 Phone: 212-741-3400 Email: sales@altmanbldg.com Website: altmanbldg.com THE GLASSHOUSE Opened in summer 2020, The Glasshouse offers guests breathtaking views, cutting-edge technology and impeccable service. Its 75,000-square-foot space holds up to 1,850 guests and features waterfront-facing outdoor terraces, sweeping 360-degree views of Manhattan, pre-function spaces, VIP lounges and a state-of-the-art production infrastructure. In addition, its penthouse space has been designed as a canvas without bounds, as it provides guests the flexibility to host an array of large and small corporate, social and nonprofit events. Featuring a built-in production infrastructure—AV, lighting, rigging, broadcast ready conduit, ultra-high bandwidth Internet and power distribution—The Glasshouse also has soundproof partitions that enable multiple room configurations for various event sizes. Address: 660 12th Ave., Floor 6, New York, NY 10019 Phone: 212-242-7800 Email: info@theglasshouses.com Website: theglasshouses.com/the-glasshouse   TUDOR CITY STEAKHOUSE Space and privacy are prized, key components for a private party, yet they’re also rare commodities in New York City. Luckily, Tudor City Steakhouse offers the best of both worlds, allowing you to host your events in the heart of Manhattan—with various private dining options that will comfortably accommodate your party. Tudor City Steakhouse has the space, along with the taste, to exceed your events’ needs. We’re looking forward to making your party the most memorable and enjoyable experience possible! Venue Capacity: Indoor seated capacity: 150; standing: 250; outdoor patio area: seated and standing 40; roadway area: seated: 60, standing 75 Address: 45 Tudor City Place, New York, NY 10017 Phone: 212-682-4000 Contact: Aida Lekic Email: events@tudorcitsteakhouse.com Website: tudorcitysteakhouse.com 3D Virtual Tour and Aerial Video | Tudor City Steakhouse | Steakhouse in Midtown East, New York UPSTAIRS AT THE KIMBERLY HOTEL As The Kimberly Hotel’s highly regarded rooftop lounge, Upstairs at The Kimberly is a 3,000-square-foot space that boasts 360-degree views, retractable glass ceilings and walls, and ambient heated floors. Additionally, it has a main room that promises to be as elegant and inviting in the winter months as it is sunny and sophisticated during the summer season. Upstairs offers customizable menus, creative cocktails, indoor and outdoor space, and the perfect ambiance, ensuring it is a great location for any event. An evening “Upstairs” will be an experience like no other, as the lounge is focused on providing guests a refined service in a relaxed, luxurious setting. And it also offers a one-of-a-kind rooftop experience, leading to their desires to come back again and again. Address: 145 E. 50th St., New York, NY 10022 Phone: 212-702-1685 Contact: Jordana Maurer, director of sales and events Email: jmaurer@kimberlyhotel.com Website: upstairsnyc.com WAVE HILL A year-round destination with stunning views of the Hudson River and Palisades, Wave Hill is an extraordinary venue located just 30 minutes north of Manhattan. Due to the serene beauty of its celebrated gardens, along with its modern amenities, Wave Hill is an ideal location for your conference, corporate retreat or full-garden rental. Furthermore, Wave Hill House—its historic Hudson River mansion—fully engages your attendees’ senses by “bringing the outside in.” The mansion can accommodate 10 to 200 guests and is ADA-accessible; pricing includes flexible conference furniture, a wireless sound system, basic AV and high-speed Wi-Fi for your attendees. Additionally, multiple spaces (with varying capacities) are available at one of New York City’s most serene, beautiful locations. Enhance your retreat experience with an after-hours cocktail hour or dinner. Address: 675 W. 252nd St., Bronx, NY 10471 Phone: 718-549-3200 x 209 Contact: Carolyn Liv, director of corporate partnerships and conferences Email: carolynl@wavehill.org Website: wavehill.org YANKEE STADIUM Yankee Stadium is a cultural icon whose legacy is as rich as its character, and whose history is as striking as its façade. A year-round venue, this storied stadium has more than 60,000 square feet of event space for both publicly ticketed and private events. In addition, it offers you a part in its future, as it’s available to host corporate and social gatherings—from upscale parties to intimate get-togethers. Share in the tradition of Yankees greatness by hosting a legendary event, amid a backdrop in which legends are made. Address: E. 161st St., Bronx, NY 10451 Phone: 646-977-8400 Email: events@yankees.com Website: yankees.com/events.....»»

Category: blogSource: crainsnewyork5 hr. 53 min. ago Related News

I"ve padded my income as an entrepreneur by monetizing my online following. Here are 3 low-lift ways I"ve attracted brand deals.

Jen Glantz decided to leverage her following of 100,000 by reaching out to companies she knew and loved. Now brand deals make up 20% of her income. Jen Glantz.Courtesy Jen Glantz Jen Glantz is an entrepreneur who runs social-media accounts, a podcast, and a newsletter. She started monetizing her following, and brand deals now make up 20% of her income. Reaching out to brands is her first step, and she posts free content to get their attention. I'm an entrepreneur, and for the past 10 years, I've been sharing the details of my life on the internet. I started out as a blogger and eventually began to use social media, a podcast, and an email newsletter as ways to grow my customer base and expand the reach of my personal brand.But it wasn't until last year that I decided I wanted to start monetizing these different content streams by working with brand partners and sponsors.After years of slowly building my audience, I realized that I was reaching close to 100,000 people a month on all of my platforms and could start doing deals with brands who wanted access to the people who followed me. I started off by building a media kit using a free template on Canva, which showcased what platforms I have, the types of content I create, and the numbers that support each vertical — from follower count to my email open rate to how many listeners my podcast gets every month, and more.After I had a media kit ready to go, I started looking for brands who wanted to work with me. Today, more than 20% of my income comes from brand sponsorships.Without using an agent or manager, here were the three ways I found my first handful of sponsors to work with in 2021 and 2022.1. I reached out to brands directlyThe very first approach I took was to make a list of brands that I genuinely loved and used regularly. I picked skincare, jewelry, and clothing companies I'd followed for years and reached out to them directly.After searching on LinkedIn for the name of the brand's partnership or influencer manager, I located their email using a free tool called Any Mail Finder and drafted my pitch.Here's my email template:I'm Jen Glantz. It's wonderful to e-meet you! I'm reaching out because I've been a fan of [brand name] for several years, relying on [name of product] to get me through [a specific use case of when I use the product].As a social media, newsletter, and podcast content creator in the wedding space, I'd love to work with [brand name] on a partnership to spread the word about your unique and incredible products.I'm sharing my media kit with you today and hope we can chat more about working together this season.While I only heard back from one of the three brands I initially pitched, I was able to close a small brand deal with a sunscreen company I use regularly called Solara to post an ad in my newsletter and do a TikTok video about its newest product launch. It helped me secure my first well-known brand partnership that can help lead to more deals in the future.2. I used an influencer-management platformOne passive way that I've been able to land new brand deals is by using free influencer and creator-management platforms. These platforms let you create a profile, where you can share details about your content-creation verticals (social-media channels, newsletter, or podcasts) as well as your pricing for brand deals based on what kind of content you're open to creating or the types of ads you'll run. After you list that information, brands from beauty to fashion, kitchen supplies, and more can contact you if they believe you're a good fit for them.You can also use these platforms to search for brands interested in working with content creators and pitch them directly on the platform. While these platforms are free to use, some might take a fee once you book a deal with a brand, while others charge the brand and not the creator.For social-media brand deals, I use AspireIQ and Tinysponsor, and for newsletter and podcast ad deals I use Swapstack.3. I post for free and tag brandsIf there's a brand that I really want to work with and they haven't responded to my email pitch, I start creating content for free and tag them in my posts. I'll share my favorite products or items from them in an Instagram story, mention them in a TikTok video, send the brand account a DM, or talk about them in my newsletter.The hope is that when they see these mentions and maybe even reach out to work together, I have a portfolio of content I can share with them about their product or service. This shows the brand your true commitment and also gives them a taste of the kind of content you can create for them.Be sure to tag the brand in your posts, use their branded hashtags, and use any additional hashtags that are relevant to them. You can often find these hashtags by looking at the ones the brand has used in recent posts. While I don't advise creators to work for free, doing this occasionally to get on a brand's radar might be a good move, especially when starting out.I recently did this with a skincare company that I really liked and that hadn't responded to two pitch emails I'd sent. Showing them what I'd created for free helped me enter the negotiation phase, and we're in talks about doing a 2023 partnership.Read the original article on Business Insider.....»»

Category: dealsSource: nyt6 hr. 37 min. ago Related News

Cybercrime Expected To Skyrocket In Coming Years

Cybercrime Expected To Skyrocket In Coming Years According to estimates from Statista’s Cybersecurity Outlook, the global cost of cybercrime is expected to surge in the next five years, rising from $8.44 trillion in 2022 to $23.84 trillion by 2027. You will find more infographics at Statista Cybercrime is defined by Cyber Crime Magazine as the “damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm.” As more and more people turn online, whether for work or their personal lives, Statista's Anna Fleck notes that there are more potential opportunities for cyber criminals to exploit. At the same time, attacker techniques are becoming more advanced, with more tools available to help scammers. The coronavirus pandemic saw a particular shift in cyber attacks, as Statista’s Outlook analysts explain: “The COVID-19 crisis led to many organizations facing more cyberattacks due to the security vulnerability of remote work as well as the shift to virtualized IT environments, such as the infrastructure, data, and network of cloud computing.” Read more on the costliest cyber attacks here. Tyler Durden Mon, 12/05/2022 - 02:45.....»»

Category: blogSource: zerohedge7 hr. 21 min. ago Related News

Norway & Germany Ask NATO To Protect Underwater Gas Pipelines

Norway & Germany Ask NATO To Protect Underwater Gas Pipelines Via Remix News, German Chancellor Olaf Scholz and Norwegian Prime Minister Jonas Haar Støre have called on NATO to protect underwater pipelines and communication cables by creating a special coordination structure, according to Deutsche Welle. “Pipelines, telephone and internet cables are vital communications for our states; their safety should be given top priority,” Scholz said following his meeting with Norwegian Prime Minister Jonas Gahr Støre on the eve of the Berlin Security Conference. He added that the recent attacks on the Nord Stream and Nord Stream 2 pipelines have shown how high the risks are in this area. NATO Secretary General Jens Stoltenberg welcomed the initiative. “We have increased security measures in the wake of the recent Nord Stream sabotage, and it is vital that we do even more to ensure that our maritime infrastructure is protected against future attacks,” Stoltenberg said. Norway’s prime minister also said his country would direct some of its gas export revenues to help Ukraine and other countries affected by the global energy crisis. The rise in energy prices caused by the Russian Federation’s invasion of Ukraine has brought additional profits to Norway. Scholz thanked Norway for the 10 percent increase in gas deliveries to Germany, as Berlin tries to make up for reduced deliveries from Russia. Scholz also said his country would continue to be a leader in defending Europe and European freedoms. “No aggressor should doubt that we have a firm intention to defend every one of our allies and every inch of alliance territory with all the forces at our disposal,” said the German chancellor. Meanwhile, German Justice Minister Marco Buschmann confessed that Germany may have contributed to Russia’s aggression against Ukraine because it supported the Nord Stream 2 gas pipeline. “Knowing what we know today, the decision to proceed with Nord Stream 2 after the annexation of Crimea in 2014 was Germany’s contribution to the outbreak of war in Ukraine,” Buschmann said in a welcome address to a meeting of G7 justice ministers in Berlin. He added that it was Germany’s duty to “confront this truth directly” and “draw the right conclusions” from it. Tyler Durden Mon, 12/05/2022 - 04:15.....»»

Category: blogSource: zerohedge7 hr. 21 min. ago Related News

Wuhan Whistleblower: Former EcoHealth VP Says Covid "Man Made", Escaped From Lab

Wuhan Whistleblower: Former EcoHealth VP Says Covid "Man Made", Escaped From Lab Submitted by QTR's Fringe Finance Just hours after we find out that the Hunter Biden laptop not only wasn't "Russian disinformation", but rather was being actively covered up by social media, another "conspiracy theory" that wound up costing tons of honest truth seekers their social media accounts (including Zero Hedge, who was first to talk about the lab leak all the way back in February 2020), is inching closer toward being validated as reality. That's because a scientist who formerly worked at the Wuhan Institute of Virology has now gone on record and has said that COVID was "man-made" and leaked from the lab. The claims are according to the Post, who cited The Sun, who was provided a copy of the scientist’s forthcoming book. The gravity of the allegations, which I have written about at length over the last year, would make the global Covid-19 pandemic cover up among the most stunning lies ever perpetrated on modern humanity. The whistleblower, epidemiologist Andrew Huff, called the lab leak the “biggest US intelligence failure since 9/11". He detailed his allegations in his book “The Truth About Wuhan". Get 50% off: If you enjoy this article, would like to support my work, I would love to have you as a subscriber and can offer you 50% off for life: Get 50% off forever Huff is the former vice president of EcoHealth Alliance, which studied coronaviruses at the Wuhan Institute of Virology. He worked for the company from 2014 to 2016 and, per the Post: ...said that the non-profit helped the Wuhan lab put together the “best existing methods to engineer bat coronaviruses to attack other species” for many years. Meanwhile, EcoHealth Alliance has been awarded millions to continue their work as recently as this year: Peter Daszak's EcoHealth Was Just Awarded Another NIH Grant To Study Bat Coronaviruses “Foreign laboratories did not have the adequate control measures in place for ensuring proper biosafety, biosecurity, and risk management, ultimately resulting in the lab leak at the Wuhan Institute of Virology,” he wrote in his book. Huff wrote: “China knew from day one that this was a genetically engineered agent. The US government is to blame for the transfer of dangerous biotechnology to the Chinese. “I was terrified by what I saw. We were just handing them bioweapon technology.” Fringe Finance has been covering the idea of a lab leak since the blog’s inception and we have long maintained that a leak from the lab was the most obvious explanation for Covid. Now the question becomes: who will be held accountable…not only for the leak but for the campaign against those who asked honest questions about the lab for the last 3 years? And what other “conspiracy theories” will we soon find out are closer to truth? You can read more here: Covid "Much More Easily Explained" By Lab Leak: Harvard PhD & Rutgers Chem Professor Tyler Durden Sun, 12/04/2022 - 22:40.....»»

Category: blogSource: zerohedge11 hr. 21 min. ago Related News

Wokeism Is Costume Elites Wear To "Signal Virtue" And "Hide Greed, Corruption": Former Levi"s Executive

Wokeism Is Costume Elites Wear To 'Signal Virtue' And 'Hide Greed, Corruption': Former Levi's Executive Authored by Ella Kietlinska and Jan Jekielek via The Epoch Times (emphasis ours), The pose of wokeness is a costume that the left liberal elite puts on to virtue signal that they care about social justice and to hide their greed and corruption, said the former executive of a major brand-name apparel manufacturer. Jennifer Sey, former Levi Strauss and Co. chief marketing officer and brand president, as well as author of “Levi's Unbuttoned: The Woke Mob Took My Job but Gave Me My Voice," in Denver on Nov. 20, 2022. (Jack Wang/The Epoch Times) Jennifer Sey, former chief marketing officer and brand president of Levi Strauss & Co., told EpochTV’s “American Thought Leaders” program that she had “pushed back” on the public school closures due to COVID-19 for two years, and in the end, she was pushed out of the company for her advocacy. Sey, who was sending her children to public schools, believed that prolonged school lockdowns were harmful to children and started speaking out against them at the beginning of the pandemic. Sey said she and her husband were reading the data that was coming out of Italy at the start of the pandemic, a country heavily hit by the disease, and the data showed that the median age of death due to the disease was over 80. “Nobody was bothering to look at actual data or adhere to the pre-pandemic playbook, which said you never shut schools down for more than a couple of weeks,” Sey pointed out. “It was from day one that me and my husband, we both said, ‘Hell no, this is wrong. People are going to be harmed.’” An aerial view of the schoolyard at Frank McCoppin Elementary School in San Francisco on March 18, 2020. (Justin Sullivan/Getty Images) In September 2020, Sey’s company warned her that her advocacy against school closures could be considered speaking on behalf of the company, “the implication being, there would be reputational harm to the company caused,” she said. At the same time, her peers began sending their kids back to private in-person schools, Sey continued. “I was so angry that these people would dare to say to me while sending their own kids to in-person school: ‘You can’t advocate for poor children to be in school.’” Sey said it was atypical for her peers—and even for employees two or three levels below her in the corporate hierarchy—to send their kids to public school in her city of San Francisco. “I thought the lightbulb would go off, and people would see the hypocrisy if I just made it clear in a calm, nice way. But they didn’t, because the hypocrisy, in a sense, is the point.” “This pose of wokeness, it’s a cloak they wrap themselves in to signal virtue … to hide greed, corruption, keeping all the good stuff for themselves,” she said. “It’s this costume that the left, liberal elite wraps around themselves to say, ‘I care about social justice. I care about all these causes. I am a good person.’ If you threaten to expose that, you need to be banished.” Sacrificed Career for Speaking Out Around the time of the new year in 2022, Sey was told that there was no longer a place for her at the company. “You can’t be the CEO because of the things you’ve been saying and doing. Therefore, you can’t sit in your current chair because that is the role that ultimately becomes the CEO, so you need to leave,” Sey said she was told. She was offered a $1 million severance package, which she decided to turn down because it would come with the signing of a nondisclosure agreement. “What the nondisclosure agreement would require is that I never speak about the terms of my ousting. I was not OK with that,” she said. In February, Sey resigned from her post at Levi Strauss & Co. after almost 23 years with the company. The Epoch Times reached out to Levi Strauss & Co. for comment. Sey said the illiberalism that has traveled from college campuses into companies and taken hold of corporations across the country is “incredibly dangerous.” “If you insist on a culture where free speech is not tolerated, not only is it non-inclusive, which is problematic in and of itself, but I actually think it’s fraught and rife with the potential for corruption and fraud, like we’ve seen with Theranos and FTX and Enron,” she said, Theranos, a company that claimed to provide blood testing lab services with a single drop of blood, defrauded its investors in a multimillion-dollar scheme. Its founder, Elizabeth Holmes, was recently sentenced to 11 years in prison. FTX, a Bahamas-based cryptocurrency exchange, recently went bankrupt along with more than 130 affiliate companies due to insufficient liquidity. FTX users are potentially facing $8 billion in cumulative losses, while investors in the company are likely to lose their entire investment as a result of the bankruptcy. Enron, a Texas-based energy-trading company, went bankrupt in 2001 due to fraudulent accounting practices and conflicts of interest. Within a year, Enron’s stock price plummeted from about $90 per share to 26 cents per share, which caused billion-dollar losses to investors, thousands of job losses, and the liquidation of more than $2 billion in pension plans. “There were people in those companies who knew what was going on, but they didn’t feel they could say anything,” Sey said. “If you cannot have a conversation in the company about what is working and what is not working, what is true and what is not, you can’t innovate. You can’t move forward,” she said. “It stands in the way of progress when we can’t have these conversations because we’re all just adhering to propaganda.”  “It is a violation of the spirit of the First Amendment,” Sey added. Jennifer Sey (R) is seen at the Levi’s Times Square Store Opening in New York City on Nov. 15, 2018. (Dave Kotinsky/Getty Images for Levi’s) Wokeism Is an Ideology Being “woke” during the 1940s through the beginning of the 1960s meant “being awake or alert to the fact that there was racial inequality, and being part of the movement to change that,” Sey said. “It’s admirable, I have no issue with that.” However, in the last 10 or 15 years, and especially in the last three to five years, those beliefs have been corrupted and commodified “into an ideology which can never be questioned,” such as gender ideology, race ideology, or body positivity, Sey explained. Sey said that she was very supportive of transgender people working in her team. “I would never want a person to be discriminated against for anything, including being unvaccinated.” But someone who questions whether an 11-year-old should be on puberty blockers, when there is no research on the mid- to long-term impacts of this therapy, is considered evil and must be banished for violating this ideology, Sey said. “[Wokeism] has become religious in nature. Woke capitalism is really just an attempt to profit off of this ideology and the passion behind this ideology amongst primarily Gen Z and millennial consumers,” she said. Another example of ideology that cannot be questioned is the idea of “body positivity,” which touts that the size of the body does not affect its health, Sey said. “We couldn’t say during COVID that it was dangerous to be overweight. I said it, and that made me a fat-phobe,” she said. “We can’t say that, because the mantra is ‘healthy at any size.’ It’s ideological. And you have to be pure in the belief of that ideology, or you are evil and must be shunned.” Read more here... Tyler Durden Sun, 12/04/2022 - 20:20.....»»

Category: blogSource: zerohedge13 hr. 37 min. ago Related News