Did investors learn nothing from last year's market meltdown?

CNN

Meme stock mania was supposed to be over, right? Guess what: It's not. more…

Central banks hike rates again, but a pause is coming - Reuters

Reuters

Major central banks are steadily moving closer to a pause in their aggressive interest rate hiking campaigns. more…

Markets 'overpricing' Indian banks' risk from Adani exposure ... - Reuters

Reuters

Markets are "overpricing" the risk to Indian lenders from their exposure to Adani Group, which was targeted last week in a <a href="/markets/asia/hindenburg-says-holds-short-positions-indias-adani-flags-risks-2023-01-25/">report</a> by short-seller Hindenburg… more…

Exclusive: Grupo Mexico clears major Citi deal hurdle with $5 bln ... - Reuters

Reuters

Grupo Mexico <a href="https://www.reuters.com/companies/GMEXICOB.MX" target="_blank">(GMEXICOB.MX)</a>, the conglomerate controlled by billionaire German Larrea, has secured a $5 billion debt package for its proposed acquisition of Citigroup Inc's <a href="ht… more…

SEC asks big hedge funds for employee phone review - Bloomberg ... - Reuters

Reuters

The U.S. Securities and Exchange Commission has asked some major hedge funds to review certain employees' personal mobile phones for evidence of business dealings on unapproved channels, Bloomberg News reported on Thursday. more…

NatWest CEO to face UK lawmakers on savings rates after U-turn - Reuters

Reuters

NatWest <a href="https://www.reuters.com/companies/NWG.L" target="_blank">(NWG.L)</a> CEO Alison Rose will face a grilling by British lawmakers next Tuesday over whether lenders are passing on enough of central bank interest rate rises to consumers, after ini… more…

Indian shares pare gains, yields rise as federal budget begins - Reuters India

Reuters

Indian shares pared early gains on Wednesday, while bond yields moved higher as the country's finance minister presented the Union budget, saying the government will focus on economic growth and job creation with a global slowdown in the vicinity. more…

Senegal president says finance constraints lifted for DP World's $1.1 ... - Reuters

Reuters

Senegal's President Macky Sall said on Thursday that financing is in place to enable construction to begin in earnest on a $1.13 billion deep-water port being developed by Dubai's state-owned port operator DP World. more…

Indian shares rise on personal tax boost, yields fall after govt ups ... - Reuters India

Reuters

Indian shares surged on Wednesday after the government raised the minimum tax rebate limit and stepped up spending, while bond yields moved lower after it lifted the gross borrowing for the next financial year in the Union budget. more…

Asian shares jump, dollar eases after Powell comments - Reuters

Reuters

Asian stocks jumped on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a "disinflationary" process was underway, boosting risk appetite and hope that the U.S. central bank will soon end its monetary tightening streak. more…

Analysis: Markets to central bankers: we don't believe you - Reuters

Reuters

Central bank policy announcements, once viewed as the rule book for how markets should move, are not resonating with traders any more. more…

Explainer: Why are half a million Britons on strike? - Reuters UK

Reuters

Britain is facing its most sweeping wave of <a href="/world/uk/uk-set-biggest-strike-action-years-teachers-civil-servants-walk-out-2023-02-01/">industrial action</a> in decades, with workers across sectors including healthcare, transport and education all wal… more…

Adani Group abandons share offer as crisis triggered by fraud claims escalates

The Guardian

Relentless selling triggers questions about how Indian conglomerate – which denies allegations – will meet its loan obligations<ul><li>Why has the Adani Group shed US$90bn in value and what do short sellers have to gain?</li><li>Follow our Australia news live… more…

Republicans aren’t going to tell Americans the real cause of our $31tn debt | Robert Reich

The Guardian

The rich used to pay taxes. Now they loan money to the US government – at a profit that everyone else pays forThe dire warnings of fiscal hawks are once again darkening the skies of official Washington.They’re demanding that the $31.4tn federal debt be reduce… more…

‘Britcoin’ digital currency could be in use by end of decade

The Guardian

Bank of England and Treasury weigh up issues involved with creating digital poundConsumers could be using a new digital pound as an alternative to cash by the end of the decade under plans being drawn up by the Bank of England and the Treasury.The government … more…

NatWest taking ‘pretty hard line’ on crypto in fraud clampdown; UK house prices ‘stable in January’ – business live

The Guardian

Dame Alison Rose, the head of NatWest, tells MPs her bank is preventing customers from investing in crypto assets, as part of a crackdown on fraud.Danny Blanchflower, a former Bank of England policy maker, has predicted that “collapsing” house prices will pus… more…

UK-based fintech Evident creates the first AI Index to track banks' progress in implementation

Insiderintelligence.com

Just as the tech blows up in banking, UK startup Evident has created a non-biased index that scores banks on AI development and implementation. more…

How banks can attract talent amid the booming tech layoff trend

Insiderintelligence.com

Focusing on culture, values, and relationships will help bring in new employees. And tech investment won't just benefit customers. more…

The dollar's steepest slump in over a decade is stalling as the Fed stands ready to push ahead with interest-rate increases

Business Insider

Despite inflation cooling, a strong January jobs report suggests the Fed could stay hawkish for longer, which has provided some support to the dollar. more…

Indiana's Senate race will show the depths of the fault lines within the GOP. Early signs show it's still Trump's party.

Business Insider

In the GOP of yesteryear, Mitch Daniels would've been a shoo-in for the Senate. His decision to skip the race leaves the GOP with some big questions. more…

A new bull market is underway amid Powell's acknowledgement of falling inflation, Fundstrat says

Business Insider

Signs of tanking inflation have been "everywhere," and the Fed is finally starting to acknowledge that, Fundstrat's Tom Lee said. more…

China keeps insisting its real-estate market is not in a crisis — even as just about every sign points to the opposite

Business Insider

The IMF recently said China's real-estate issue needs "further action," and developers just recorded their worst quarter in years. more…

Biologists found 5 new species of snakes and Leonardo DiCaprio named one that produces a 'musky and distasteful odor' after his mom

Business Insider

DiCaprio's snail-eating snake is found in Panama and is described as a "docile" reptile that never bites and hangs out on palm fronds and shrubs. more…

How Machine Learning is Solving Fraud Detection in Finance

ReadWrite

You will find financial apps on a majority of smartphones. We often reach our phones to make online banking transactions or check our bank balances. Mobile apps are transforming how we used to perform financial activities, bringing convenience and flexibility… more…

Climate Change Saved Europe From Putin This Winter

Time

A mild winter saved Europe this winter from the energy crisis but the coming hotter summer will wreak havoc more…

WNBA mock draft: After Boston, which players might hear their names called?

ESPN

Aliyah Boston looks like a lock to Indiana at No. 1 in April's WNBA draft. Who goes No. 2 to Minnesota, or third overall to Dallas? And which two teams have multiple first-round picks? more…

The Fierce, Lasting Influence of Paramore

The New Yorker

On “This Is Why,” Paramore is trying to grow up and move on. But it’s the teen-age angst of the band’s early work that still inspires, Carrie Battan writes. more…

The New Madrid Seismic Zone

Usgs.gov

Comments more…

Argentina has been trapped in neocolonial debt for 200 years

Geopoliticaleconomy.com

Argentina has long been trapped in external debt owed to foreign imperial powers, causing inflation and crisis: A history of the deuda. more…

Intel’s Dunnington: Core 2 Goes Dun Dun Dun

Chipsandcheese.com

After Conroe’s launch in 2006, Intel had an excellent core architecture (Merom). They smacked AMD around in the client space where single threaded performance was king. But in the server mark… more…

Google Pay and Chrome can now combat cybercrime with virtual cards for American Express

Android Police

Visa and Mastercard support could come later this year more…

Need to Know: This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.

MarketWatch

In our call of the day, LaDuc says cash is the place to be and that investors are "being paid to wait. They're getting very favorable 4.5% on their sitting cash." more…

Market Snapshot: Why the 2023 stock market rally may depend on further U.S. dollar weakness

MarketWatch

A weakening U.S. dollar is seen providing another leg of support for stocks. But an important test may loom, analysts said. more…

Mortgage Rates for Feb. 6, 2023: Rates Edge Up - CNET

CNET

Some major mortgage rates inched up over the last week. See how the Fed's interest rate hikes could affect your mortgage payments. more…

Here Are Mortgage Rates for Feb. 8, 2023: Rates Climb - CNET

CNET

This week, a handful of major mortgage rates ticked up. As interest rates surge, it's getting more expensive to buy a house. more…

Best Eco-Friendly Cards for February 2023 - CNET

CNET

Lessen your environmental impact while earning rewards. more…

Transcript: William Cohan

Ritholtz.com

   The transcript from this week’s, MiB: William Cohan on GE, Lazard, Goldman & Bear, is below. You can stream and download our full conversation, including any podcast extras, on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier… more…

91% of former NFL players in study had CTE

Futurity: Research News

Researchers have diagnosed 345 former NFL players with chronic traumatic encephalopathy (CTE) out of 376 former players studied, or 91.7%. more…

This Is What Happens When An Oscar Nomination Gets Vetoed

/FILM

If you've ever watched the red carpet at the Academy Awards there's a phrase you've probably heard over and over again, and for quite a few decades: "It's an honor just to be nominated." And to be fair, it most certainly is. Although the Oscars were invented … more…

The best spring break destination for families for an easy vacation

The Points Guy

My family is usually itching to get away from home by the time spring break rolls around. After an extended break during the holidays, the first few months of the new year tend to drag on rather slowly, not to mention that the weather keeps us pent up indoors… more…

SXSW 2023 Announces Opening and Closing Night TV Selections with Donald Glover’s ‘Swarm’ and Lee Sung Jin’s ‘Beef’

IndieWire

The second wave of the lineup also includes films "Bottoms" and "Tetris." more…

‘Bad for Business’

The New York Review of Books

Anytime the likes of Donald Trump, Greg Abbott, or Tucker Carlson begin inveighing against “caravans” of Central American “aliens” massing at the southern border and set on “invading” the United States, I recall a phrase of V.S. Naipaul’s. When in the late 19… more…

What’s behind Iran and Russia’s efforts to link banking systems?

Al Jazeera English

Tehran and Moscow have shown serious political will to expand economic ties, but challenges remain. more…

Nigeria’s Supreme Court suspends Friday deadline for cash swap

Al Jazeera English

Central bank wants to reduce cash in circulation to fight inflation but new bills are in short supply ahead of the vote. more…

Apple, Google profits squeezed on China, sluggish economies

Al Jazeera English

Apple reports first drop in quarterly revenue since 2019 as China's zero-COVID policy disrupted iPhone output. more…

Japan Urges Regional Banks to Raise Wages as Inflation Jumps

Bloomberg

Japan’s financial regulator is urging regional banks to raise wages for employees, people familiar with the matter said, responding to Prime Minister Fumio Kishida’s call for higher pay with inflation hitting its highest level since 1981. more…

Game of Chicken With Central Banks Gets More Serious

Bloomberg

Hello. Today we look at how the markets are making it increasingly  difficult for central bankers to defeat inflation, what the Adani saga means for India’s investment and growth prospects, and how Russia’s current account has evolved during wartime. more…

MPs Criticize NatWest Chief For Refusing To Attend Hearing

Bloomberg

NatWest Group Plc boss Alison Rose has irritated UK lawmakers by refusing to give testimony at a hearing next week on why big retail banks have been slow to pass on higher interest rates to savers. more…

Adani's $108 Billion Crisis Shakes Investors' Faith in India

Bloomberg

A short seller attack on the conglomerate raises bigger, darker questions about India’s credibility as a destination for global investors. more…

London Payments Firm Moves $1 Billion a Month Despite 'Red Flags'

Bloomberg

Transactive Systems holds a UK electronic payments license and became a powerhouse specializing in higher risk customers. But regulators in Lithuania have now suspended many of its operations there. more…

Black youth aren't isolated in segregated neighborhoods, says study

Phys.Org

A surprising new study has found that urban Black youth living in segregated neighborhoods spent a substantial amount of time in areas with mostly white residents. more…

The house and car will merge -- and change how we power lives...

The Washington Post

The house and car will merge -- and change how we power lives... (Second column, 8th story, link) Drudge Report Feed needs your support!   Become a Patron more…

This High-Yield Bank Stock Is Safer Than You Think

Motley Fool

Bank of Nova Scotia isn't your typical North American bank, but don't let that scare you away from its monster yield. more…

Goldman Sachs May Look Cheap, but I'm Not Buying

Motley Fool

Sometimes stocks are cheap for a reason. more…

Better Buy: Wells Fargo or Citigroup?

Motley Fool

These two megabanks are both in turnaround mode. more…

Serie A Hopes Wall Street Can Get Help it Out of the B-Tier

Motley Fool

This Italian football league needs an assist from American lenders. It's no secret that soccer is the most popular sport in the world, but now... more…

Carvana Stock Is Up 200% in 2023: Is It a Screaming Buy Right Now?

Motley Fool

Renewed optimism with the stock can't mask business issues beneath the hood. more…

Capital One May Look Cheap, but I'm Not Buying

Motley Fool

The credit card middleman is right where it doesn't want to be in this economic environment. more…

3 Stocks I'd Give My Long-Term Valentine

Motley Fool

Like a good relationship, a great investment can actually get better over time. more…

DXC Technology (DXC) Q3 2023 Earnings Call Transcript

Motley Fool

DXC earnings call for the period ending December 31, 2022. more…

NCR (NCR) Q4 2022 Earnings Call Transcript

Motley Fool

NCR earnings call for the period ending December 31, 2022. more…

MicroStrategy (MSTR) Q4 2022 Earnings Call Transcript

Motley Fool

MSTR earnings call for the period ending December 31, 2022. more…

Atlassian (TEAM) Q2 2023 Earnings Call Transcript

Motley Fool

TEAM earnings call for the period ending December 31, 2022. more…

Tradeweb Markets (TW) Q4 2022 Earnings Call Transcript

Motley Fool

TW earnings call for the period ending December 31, 2022. more…

Macerich (MAC) Q4 2022 Earnings Call Transcript

Motley Fool

MAC earnings call for the period ending December 31, 2022. more…

Scotts Miracle-Gro (SMG) Q1 2023 Earnings Call Transcript

Motley Fool

SMG earnings call for the period ending December 31, 2022. more…

Camden Property Trust (CPT) Q4 2022 Earnings Call Transcript

Motley Fool

CPT earnings call for the period ending December 31, 2022. more…

Daniel Hoff Agency Expands With Addition Of Atlanta Office

Deadline

EXCLUSIVE: Leading boutique firm, the Daniel Hoff Agency, is celebrating an impressive 30-year track record in entertainment via an expansion into Atlanta with a new office to be led by senior agents Renee Banks and Marta Parrillo. Banks and Parrillo are both… more…

Super Bowl Movie Trailer Spots Will Include ‘The Flash’, ‘Fast X’, ‘Transformers’ & ‘Ant-Man’

Deadline

With this year’s domestic box office expected to rise to $9 billion, of course, the major studios are taking Super Bowl LVII ad spots seriously. The big game, which last year attracted 112M viewers, remains an enormous bullhorn when it comes to drawing attent… more…

Decarbonizing cement and concrete value chains: Takeaways from Davos

Mckinsey.com

How can the cement and concrete industry reach net-zero emissions by 2050? McKinsey hosted panelists at the World Economic Forum Annual Meeting 2023 in Davos to offer their insights. more…

Refurbishing Europe: Igniting opportunities in the built environment

Mckinsey.com

The built environment in Europe will need to transform to achieve the EU’s goals for net-zero emissions. This is challenging but will unlock societal benefits and business opportunities. more…

Forward Thinking on how to get remote working right with Nicholas Bloom

Mckinsey.com

“There’s a lot of scare stories in the media saying hybrid doesn’t work,” says a leading economist. “My one piece of advice is just be intentional, be organized. Basically, get folks in on two, three days a week … and be really tough about having them come in… more…

3 NYC modern art museums reverberate with musical inspiration

Gothamist

An organ and seven loudspeakers play a prominent role in a Theaster Gates exhibition at the New Museum. Retrospectives at the New Museum and the Guggenheim, and a historic survey at MoMA, showcase art rooted in music, improvisation and dance. [ more › ] more…

NYC teachers debate utility of ChatGPT as schools chancellor mulls policy

Gothamist

City educators are wrestling with how to respond to ChatGPT. Many educators acknowledged that efforts to block earlier transformative innovations – like calculators and the internet – were unsuccessful. [ more › ] more…

Jim Mahoney, PR To Sinatra, McQueen, Gable, Explores 60 Years Of Hollywood In Memoir: “It Was About Taming The Lion”

Deadline

Jim Mahoney was one of Hollywood’s go-to guys. He spent 60+ years in public relations, guiding the public images of Clark Gable, Frank Sinatra, Steve McQueen, Bob Hope, Johnny Carson, Lee Marvin, Burt Lancaster, Christie Brinkley, Peggy Lee, and hundreds more… more…

The Cities at the Cutting Edge of Urban Biodiversity

The New Republic

In the coastal, rainy city of Kanazawa, Japan, landscape architect and researcher Juan Pastor-Ivars discovered something surprising: gardens in the center of this city of 460,000 contain species of animals, plants, and insects that no longer live in the surro… more…

PhonePe users can now pay using UPI in other countries

The Indian Express

PhonePe recently added a new feature that lets users make payments using UPI in other countries. more…

Inside the 19-hour meltdown that junked Adani’s share sale

The Indian Express

In its explosive broadside, Hindenburg had accused Adani’s conglomerate of “brazen” fraud and years of stock market manipulation, money laundering, as well as other alleged crimes that it labelled as “the largest con in corporate history.” more…

Unbanx lets people monetize their data instead of just giving it away

Trendwatching.com

By linking the Unbanx app to their bank accounts via open banking, consumers can receive compensation for their valuable (and anonymized) purchasing data. more…

ETMarkets Fund Manager Talk: This Rs 22,000 cr fund manager backs continued allocation to equities despite volatility

The Times of India

While it is a fact that the global economy is slowing down, the Indian economy continues to do reasonably well with drivers like higher investments, consumption and the manufacturing sector gaining as a sourcing base. more…

ETMarkets Fund Manager Talk: This domestic fund manager is following “3-C” strategy to bet on India growth story

The Times of India

Significantly higher spending on capex, impetus to manufacturing sector especially MSMEs, and focus on boosting high employment-generating sectors such as tourism, start-ups, renewable energy are also positive steps. more…

Asian stocks steady, dollar strong as markets reassess rates outlook

The Times of India

The repricing of higher rates began after strong U.S jobs growth in January, with employment rising 517,000, more than double economists expectations. The unemployment rate hit 3.4%, the lowest in more than 53 years. more…

Big Movers on D-St: What should investors do with Titan Company, SBI and Aegis Logistics?

The Times of India

The overall structure of the counter is favorable for investors that are looking to invest at such levels. The stock closed above the 200-SMA moving averages in the most recent trading session. more…

ETMarkets Smart Talk: I give 4 out of 5 to Budget 2023 which is pro-growth: Prateek Pant

The Times of India

Yes, the FY24 budget builds on the foundation of sustainable growth laid out in the previous budgets while signaling policy continuity with a thrust on public capex, enhancing the ease of doing business and boosting exports and manufacturing. more…

3 stocks Rajesh Palviya is betting on for next week

The Times of India

If at all stock crosses above 580 level then it will again resume its uptrend which we have witnessed earlier part of this year. So looking at the overall setup, we are bullish on SBI also with a stop loss of 530. Bank of Baroda is another stock which we feel… more…

Structurally there is no challenge to the India story: Vikas Khemani

The Times of India

I think the market will gain probably more direction in the second half than in the first half but this year is going to be mixed year from a headwind and tailwind perspective and directionally of course we remain positive more…

US Inflation Policies Slowing World Economy

Nakedcapitalism.com

The Fed is playing killer of the current inflation even though it isn't set up to do so. That's hurting a lot of innocent bystanders. more…

Brazilian President Lula da Silva Locks Horns with Brazil’s Richest Man, Jorge Paulo Lemann

Nakedcapitalism.com

In a rare turn up for the books, the head of state of Latin America's largest economy just accused three of the country's four richest men of engaging in blatant accounting fraud. more…

Companies in UK Are Hitting the Rails at Fastest Rate Since Global Financial Crisis

Nakedcapitalism.com

As the price of everything, including debt, continues to soar, life is getting harder and harder for the UK's heavily indebted businesses. more…

Links 2/2/2023

Nakedcapitalism.com

Our scrumptious daily links more…

James Galbraith: The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse Response

Nakedcapitalism.com

Galbraith explains why conventional views of inflation are a particularly poor fit for recent price increases and produced bad policy more…

A Big Reckoning Starting for Private Equity and Its Public Pension Fund Enthusiasts

Nakedcapitalism.com

Private equity returns are finally going pear-shaped, but for the most part, investors are re-upping their bets. more…

The Economics of the Ukraine Proxy War with Michael Hudson and Radhika Desai

Nakedcapitalism.com

A meaty discussion of the broader implications of the war in Ukraine. more…

American Express cards can now use Google Pay’s virtual cards on Chrome and Android

9to5google.com

After launching last year, Google Pay is making its first expansion with virtual cards as American Express cardholders can now use the feature on Chrome and Android. more… The post American Express cards can now use Google Pay’s virtual cards on Chrome and A… more…

ION Group ransomware attack affects trading across the world

TechRadar

The LockBit attack forced major companies to switch to manual trade processing, causing significant delays more…

Bank of England must not push interest rates too high, its chief economist says

The Guardian

Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill addsThe Bank of England is alive to the risk of pushing interest rates too high, its chief economist has signalled, adding to expectations that it could be nearing the end of a… more…

Australia politics live: Chalmers faces interest rates hike fallout, Labor moves on gender pay gap law

The Guardian

Follow the day’s news liveThe treasurer, Jim Chalmers, is the guest on ABC Radio RN, where he is being asked about the cost of living. The political panic button has been hit because of a line in the RBA’s statement on its interest rate decision yesterday – t… more…

What You Need To Know About The Major Stablecoins In 2023

Forbes

Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. more…

How To Overcome Five Roadblocks When Implementing AI/ML In The Financial Sector

Forbes

AI and ML are leaving an indelible mark on banks and financial institution performance. more…

CNY Rallies As Central Banks Hike Interest Rates

Forbes

Asian equity markets were broadly higher as Taiwan and South Korea outperformed. more…