Anwar Hadid Gets Real About Growing Up with Supermodel Sisters — And His Fashion Future

Anwar Hadid Gets Real About Growing Up with Supermodel Sisters — And His Fashion Future

This is just one half of our awesome June/July cover story, starring Cameron Dallas and Anwar Hadid. Read the profile and see extra pictures on Cameron here!

Anwar Hadid has a lot to live up to. Let’s forget for a second his sisters Gigi’s and Bella’s rather sudden fashion and social media takeover, which has ingrained the Hadid name into our pop-culture vernacular. When you Google Anwar’s Arabic first name, varying synonyms for “luminous” appear. The youngest of the glam Hadid brood was seemingly branded to shine bright like a diamond the moment he was born.

Despite the success of his sisters, and the notoriety of his parents — his mom is Dutch former model and The Real Housewives of Beverly Hills star Yolanda Foster, and his father, Mohamed, is a real estate mogul — Anwar doesn’t seem concerned about any newfound attention. He seems like a typical California dude who accidentally stumbled into fame and thought, Sure, why not.

Arriving early to his first cover shoot, he exudes a confident swagger that never borders on arrogance or know-it-all pretension. In fact Anwar is to be perfectly fine with not knowing it all — at least for now.

Photographed by Coco Capitán

His low-key nonchalance, gracious attitude, and old-school good looks (I’m seeing a bit of Jimmy Stewart and James Dean with a bit of Brando mixed in) set this guy apart from the sea of hungry, disenchanted Los Angeles youth desperate for attention. “I try not to think about anyone’s expectations but rather focus on always doing my personal best,” states the 16-year-old who, like his sisters before him, was signed with IMG Models this past February. “Modeling was never a thought in my mind growing up, but my mom felt it was important for me to be open to business opportunities and expand my horizons. I’m excited to go for it!”

Having interviewed Gigi and Bella multiple times at varying points in their careers, I’ve always been struck by their refusal to let fame get to their heads. Though they were raised in a world where a cross-country private jet ride is par for the course and they now have more than 20 million Instagram followers between them, the sisters are down-to-earth, with good senses of humor. Anwar, an avid Lakers fan and video game enthusiast, is no exception. “I think our family motto is to always work hard, be humble, kind, and thoughtful about others around us,” says the self-proclaimed mama’s boy. “I’m comfortable around girls because I grew up with two sisters and a single mom. I feel very lucky for all they have taught me.” His tight-knit fam is giving the fresh face a crash course on being in front of the camera. “They tell me to be myself, have fun, and focus on eye expressions,” he admits, demonstrating a quick bad-boy smize with a laugh.

He is seen running around with pal Jaden Smith and heartthrob Lucky Blue Smith, who has also proved to be good support. “It’s nice to have a friend in the business. We ask each other for advice and opinions on things we are doing,” reveals Anwar, who leaves the competitiveness for the soccer and football fields. “I don’t feel any of that.


Beyond Cryptotrading: 6 Ways Blockchain Is Changing The Face Of Investing

Blockchain and investment.

Blockchain and investment.

Time was, anyone who wanted to invest in the stock market used a broker. That broker provided investment advice and handled all trades. The reason, of course, was that brokers did the research and had access to information that the average individual investor did not have.

All of this changed as technology provided individuals access to the same information that the “big boys” have always had. Now, individual investors go through discount brokerages for specific trades. They still engage in institutional investing, though, through their 401K’s and through investments in large funds and such products as annuities.

Enter cryptocurrency and its backbone blockchain technology. At first, digital currencies were viewed by institutional investors as an “exotic fad” – one to be avoided. They have sat up and taken notice, however, as Bitcoin and Ethereum climbed in value and, during 2018, seemed to reach an equilibrium that is more stable. Now, institutional investors, such as Goldman Sachs, are developing cryptocurrency investment products. This trend will infuse much more capital into the digital currency markets, as well as provide greater “legitimacy” and transparency.

It is not just the growth of digital currencies that is disrupting traditional financial and investment industries. The technology itself is changing the entire face of investing altogether. And here’s how:

1. Trading Cost Can Decrease

A recent report by Oliver Wyman, an international financial services consulting firm, has estimated that IT and operations costs in capital markets is close to $100-$150 billion a year, as well as an additional $100 billion in post-trade and securities servicing fees. These fees are passed on to customers in the form of such things as front-end loads and yearly administrative costs. Blockchain technology, with its transparent and immutable recording and storage of investment transactions, holds the promise of greatly reducing these costs by capitalizing on public blockchains.


UPDATE 3-Mexico targets 50 pct jump in oil output under ‘Pemex rescue’

Image result for UPDATE 3-Mexico targets 50 pct jump in oil output under 'Pemex rescue'Mexico aims to lift oil and gas production by almost 50 percent in the next six years and in January will award infrastructure and drilling contracts to develop 20 fields, state oil firm Petroleos Mexicanos said on Saturday.

Octavio Romero, chief executive officer of the company generally known as Pemex, said the new government would increase exploration investment by around 10 percent annually to reverse dwindling output as he presented a new plan for the industry.

President Andres Manuel Lopez Obrador, who took office on Dec. 1, wants to revive Pemex, which has become heavily indebted as crude output fell from a peak of nearly 3.4 million barrels per day (bpd) in 2004 to less than 1.8 million in October.

“It’s a new Pemex rescue,” Lopez Obrador said alongside Romero in the port of Ciudad del Carmen in the southern Gulf of Mexico shortly before his government was due to present its first budget with Pemex’s finances under close scrutiny.

Under the plan, Mexican crude output is due to climb to some 2.624 million barrels bpd by the end of 2024, while gas production will also rise by about 50 percent.

Output will stabilize in the coming months and start to pick up toward the end of next year, the Pemex CEO said. However, projections presented in the government’s first budget later on Saturday suggested output would continue falling until 2020.

Mexico’s previous government sought to increase production by opening up production and exploration to private capital. But the decline has yet to bottom out.

Lopez Obrador, an admirer of Lazaro Cardenas, the president who nationalized Mexico’s oil industry 80 years ago, was opposed to the 2013-14 constitutional overhaul of the industry carried out by his predecessor, Enrique Pena Nieto.

The veteran leftist says he will respect 110 private oil contracts awarded under Pena Nieto, but this month challenged oil majors to start pumping oil quickly, offering them a three-year “truce,” without giving further details.

In the meantime, Mexico will speed up exploitation of 20 mostly offshore fields in the Gulf of Mexico, Romero said.

To this end, contracts for the necessary infrastructure will be awarded on Jan. 15 and to drill wells on Jan. 31, he added.

Most of the fields are offshore and the government plans to issue “integrated” infrastructure contracts, Romero said. The drilling of the wells would be “turnkey” contracts that made the companies or consortiums responsible for delivery.

Pemex will be responsible for the engineering and supervision of the services. By December 2019, the 20 fields should yield 73,000 bpd of output, Romero said.

Energy Secretary Rocio Nahle told reporters in the city that priority would be given to Mexican firms in the contracting process, based on a restricted list of invitees.

Romero said nine companies had expressed interest in drilling the offshore wells, and five others had done so for the four onshore fields. All are majority Mexican-owned, he said. (Reporting by Dave Graham; editing by Jonathan Oatis, Cynthia Osterman and James Dalgleish)


RBI Board Meets Today Under New Chief Amid Worries About Autonomy

RBI Board Meets Today Under New Chief Amid Worries About Autonomy

The RBI board will meet on Friday with much of the hostility of the past two months with the government having eased, and new worries emerging about the institution’s independence. Prime Minister Narendra Modi has a new ally at the Reserve Bank of India in Governor Shaktikanta Das, who may be more amenable to the government’s requests to ease lending restrictions on state-run banks and hand over more of its capital to the state. Das, 61, took office two days after Urjit Patel abruptly resigned as governor on Monday.

The 18-member board, which includes monetary policy makers, finance ministry representatives and industrialists, is expected to discuss a proposal by the government for closer supervision of the central bank. Such a move may erode investor confidence and have a bearing on the credit rating of one of the world’s fastest-growing major economies.

Easing lending restrictions on some of the nation’s weakest state-run banks will also be discussed. It was originally broached in October by the board then led by Patel. At a meeting in November, the central bank had agreed to form a panel to study its capital structure.

(Also Read: In His Own Tweets: What New RBI Governor Shaktikanta Das Thinks)

No Fireworks

“I don’t think there will be any fireworks,” Raghbendra Jha, an economics professor at the Australian National University, said, referring to the Patel-era tussle with the government over the institution’s autonomy. “Personal frictions between the main actors — now that doesn’t exist.”

That view was echoed by Swaminathan Gurumurthy, a nationalist and journalist appointed by the Modi government as an independent board member in August. He backed the new governor’s conciliatory approach to the government.

Inside the board, Gurumurthy offered resistance to Patel. Pressure from the government had prompted Viral Acharya, the deputy governor in charge of monetary policy, to caution the government of a market backlash should the central bank’s independence be undermined.

“I don’t know if the relationship is good or not, but we have to have stakeholders consultation,” said Das, who was PM Modi’s key lieutenant when he unveiled his controversial plan to invalidate 86 per cent of the currency notes in late 2016.. “The government is not just a stakeholder but also runs the country, economy and manages major policy decisions.”

That line of thought found endorsement from Finance Minister Arun Jaitley.

The government having a view that’s different from the central bank’s is “not a confrontation,” Jaitley said on Thursday. “If the government of the day is not able to convey difficulties in the system it will be failing in its duty.”

Tight Leash

The central bank has so far kept a tight leash on liquidity, restricted some weak banks from lending and refused to bailout the shadow banking sector. The latter had been at the forefront of new lending in the past three years, which in turn fueled domestic consumption and economic growth.

PM Modi is keen to keep growth going ahead of a national election early next year and as recent data showed the economy’s expansion may be under threat. Gross domestic product growth in the three months to September slowed to 7.1 per cent from the 8.2 per cent pace seen in the previous quarter.

The new governor has said supporting growth is very much part of the RBI’s mandate, a sharp contrast from his predecessor who stuck to the central bank’s inflation-targeting mandate. Das’s comments stoked a rally in sovereign bonds, which extended gains for a third day Thursday on speculation the RBI will shift to a neutral policy stance from the current hawkish bias.

“With Das at the helm, we now think the RBI will call a halt to the tightening cycle,” Shilan Shah and Mark Williams, economists at Capital Economics, wrote in a note. “We no longer expect a rate increase at the next meeting in February.”


Morgan Stanley is serious about investing in outer space and just had its first conference about itMorgan Stanley is serious about investing in outer space and just had its first conference about it

BE-4 engine test at Blue Origin's West Texas launch facility.

Blue Origin
BE-4 engine test at Blue Origin’s West Texas launch facility.

Morgan Stanley hosted its first “Space Summit” in New York City on Tuesday, as the firm is telling clients to pay attention to space companies.

The event “included participation from private and public space companies and investors, with discussions centered on bandwidth, national security, and capital formation in the private domain,” Morgan Stanley analyst Adam Jonas said in a note to clients on Wednesday.

Read more: Morgan Stanley says 2019 could ‘be the year for space,’ led by the likes of SpaceX and Blue Origin

A dozen space-related companies spoke at the event, as well as a host of Morgan Stanley analysts with backgrounds on everything from telecommunications to the future of transportation. Seven companies building space hardware spoke at the summit, according to a copy of the event’s agenda seen by CNBC: OneWeb, Telesat, ViaSat, Maxar Technologies, Rocket Lab, Spaceflight Industries and Spire Global. Additionally, five venture capital and consulting firms spoke: Seraphim Capital, Razor’s Edge Ventures, In-Q-Tel, RRE Ventures and TMF Associates.

Morgan Stanley asked three questions of the 12 companies and firms that spoke:

How urgently does the Department of Defense need a Space Force? When will a human being next step foot on the moon? What is their best single investment idea for the space industry?

Here’s what Morgan Stanley said about their answers:

  1. Need for a Space Force: “On a scale of 1 to 5, with 5 being the greatest sense of urgency. The average of the responses was 3.5.”
  2. When a human will next step on the Moon: “The answers ranged from 2022 to 2030, with an average answer of 2025. 10 out of the 12 presenters believe China will be the next to put a human on the moon before the US.”
  3. Single best space investment idea: “Blue Origin and in space manufacturing got the most frequent mentions.”

Attendees who spoke to CNBC after the event called remarks by OneWeb CEO Adrián Steckel the highlight of the day. According to two attendees, Steckel revealed OneWeb plans to launch only two-thirds of the previously announced 900 satellites for its broadband internet constellation. Steckel explained that OneWeb only needs to put 600 satellites in 12 orbits, rather than 18, to get global coverage, the people attending said.

Additionally, Steckel talked about focusing initially on large enterprise customers – such as aviation and marine – for its broadband networks, attendees said. That would mark a noted shift from OneWeb’s stated mission, which the company’s website says “is to enable affordable Internet access for everyone, connect every school on Earth, and bridge the digital divide by 2027.” OneWeb has raised more than $2 billion to fund its massive satellite network, with investments from SoftBank, Qualcomm, Airbus and Virgin.


Shaktikanta Das: Everything You Need To Know About RBI’s New Governor

Shaktikanta Das replaces Urjit Patel, who surprisingly resigned from the central bank on Monday.

Shaktikanta Das: Everything You Need To Know About RBI's New Governor

The government on Tuesday appointed former Economic Affairs Secretary Shaktikanta Das as the new Reserve Bank of India (RBI) governor, reported news agency Indo-Asian News Service (IANS). Mr Das, who retired as Economic Affairs Secretary in May 2017, has been appointed for a term of three years. “The Appointments Committee of the Cabinet has approved the appointment of Shaktikanta Das, former Secretary, Department of Economic Affairs, as Governor of the Reserve Bank of India (RBI) for a period of three years,” official order was quoted as saying in the IANS report.

Mr Das replaces Urjit Patel, who surprisingly resigned from the central bank on Monday amid growing differences with the government over a range of subjects including the central bank’s autonomy.

Mr Das, a history graduate from the prestigious St. Stephen’s College in Delhi, is a 1980-batch Tamil Nadu cadre IAS officer. He is known as an experienced bureaucrat. He has worked extensively in the budget division under both ruling government and the previous coalition led by the main opposition Congress party.

He was brought to the Finance Ministry soon after the BJP-led National Democratic Alliance (NDA) government came to power in mid-2014 and was given charge of the revenue department. While in the finance ministry, Das, 61, was involved in drafting India’s Insolvency and Bankruptcy code, aimed at protecting small investors.

He was later moved to the economic affairs department, which essentially deals with monetary policy and the RBI. Mr Das oversaw the re-monetisation of the economy after the shock decision to withdraw 86 per cent of the currency in circulation in November 2016. Last year, he criticised the methodology of global rating agencies and sought a sovereign rating upgrade.

After his retirement, he was named India’s G-20 Sherpa and also appointed as a member of the 15th Finance Commission.


Actor Edward Norton is trying to change how the TV industry measures viewership

Edward Norton in a panel discussion at the Clinton Global Initiative Annual Meeting, in New York City on September 29, 2015; The panel also included Sean Parker, Chairman, The Parker Foundation and J. Craig Venter, Co-Founder, CEO, and Chairman, Human Logevity, Inc. -

Adam Jeffery | CNBC
Edward Norton in a panel discussion at the Clinton Global Initiative Annual Meeting, in New York City on September 29, 2015; The panel also included Sean Parker, Chairman, The Parker Foundation and J. Craig Venter, Co-Founder, CEO, and Chairman, Human Logevity, Inc. –

During Edward Norton’s long acting career, the Golden Globe Award winner has enjoyed a side gig backing tech start-ups like Uber, data analytics firm Kenso and crowdfunding site CrowdRise. He started way back in 2000 as founding investor of wastewater treatment company Baswood.

It doesn’t take long in start-up land to learn that data science and analytics are being applied to every industry, and quickly. Norton is now working to bring some of that power to his own business.

For his latest endeavor, Norton has teamed with poet Daniel Nadler and one of Facebook’s first investors on a project designed to measure in real time the effectiveness of TV ads. The company is called EDO, which stands for Entertainment Data Oracle, and its technology is already being used by ESPN, Turner, CNBC owner NBCUniversal and Paramount, providing insights into which ads viewers like or what parts of movies audiences love.

Media companies can use that data to fund shows and films that have a greater chance of financial success.

“I saw firsthand in my work in making, marketing and distributing movies that TV advertising was a huge part of marketing budgets, yet the only measurement of whether that was effective was a very simplistic measure of exposure that’s not even very reliable in today’s world,” Norton said in an interview. “We felt like EDO could bring the kind of rigorous data-driven and actionable analytics that digital advertising has had for years to the huge budgets on TV. If we did that, we felt like we’d be able to help the efficiency of the entire media ecosystem for creators and consumers.”

EDO raised $12 million last month in a round led by Breyer Capital, whose founder, Jim Breyer, made a fortune from an early bet on Facebook.

‘Legacy media companies were getting disrupted’

But it was the relationship between Norton and Nadler that got EDO off the ground. While both men are known in the arts, they met through Kenso, which Nadler founded in 2012 and sold to S&P Global for $550 million this year. Kensho’s analytics tools are used in the financial and health-care industries as well as in national security.

Norton and Nadler had been thinking about how Kensho’s machine learning and predictive analytics could work in other areas. Norton pointed to the film and television industries, specifically TV advertising, which lacked these advanced data science capabilities.

“We had seen that the legacy media companies were getting disrupted by Netflix and Amazon, who were using organic data capabilities as significant advantages,” Norton said. “At the same time, networks were facing the assertion by Google and Facebook that digital advertising was more effective, and none of the legacy measurement players were really helping them challenge that with sophisticated data.”

In addition to approaching Breyer and getting the investor’s support, Norton and Nadler brought on Kevin Krim, the former head of CNBC’s digital operations, as CEO, and former Nielsen/NRG executive Derek McLay as president. They also hired fresh graduates from Harvard.

EDO’s insights are based on information on about 47 million ads that have aired, as well as TV data from Kantar Media and Nielsen/Gracenote and its own data sets. It uses the information to predict consumer intent through online behaviors.

“Most of the emerging technology data science is focused on Twitter data,” Nadler said. “While that data is actually quite illuminating in other fields where economics are involved, where purchasing decisions are involved and where stock markets are involved, it’s not the right data set” for us, he said.

Like pretty much everyone in film and television, Norton is somewhat obsessed with Netflix. He refers back to the company’s claim that it develops and buys shows based on audience insights. It jumped into original content with “House of Cards,” a show executives predicted would be a hit because subscribers already liked director David Fincher, actor Kevin Spacey and the original British series.


Show-Off Details, Built-In Storage Charms Of 2-Bedroom Homes

Show-Off Details, Built-In Storage Charms Of 2-Bedroom Homes

Before there were McMansions and Tiny Houses, California was dotted with cottages and bungalows that typically had 2 bedrooms, 1 bathroom and oodles of charm. Today these homes are often coveted by empty nesters and first time home buyers alike who appreciate the smaller price tags, smaller square footage and period craftsmanship.

Take a look at these 2 bedroom homes for sale, many with enormous yards.

Craftsman-Style San Rafael Home With Terraced Garden

Built in 1924, this two-bedroom, two-bathroom home includes a bonus room, terraced garden, two-car tandem garage and storage space.

1920s Beach Cottage Tucked Away In Pacifica Is A Hidden Gem

Check out the amazing views from this two-bedroom property!

Charming 1918 Alameda Cottage Has Show-Off Ceiling

The glowing wood of the vaulted ceilings and beams will sparkle nicely by firelight.


3 Point Analysis | Will the current credit growth sustain?

Image result for 3 Point Analysis | Will the current credit growth sustain?Credit growth has improved to the highest in five years. While the Industry credit is sluggish but is expanding.

The latest credit growth is broad-based with credit to services continuing to lead the growth, increasing by 27 percent YoY.

Credit to NBFCs has also grown by a whopping 56 percent.

Sakshi Batra does a 3 point analysis of the current credit growth vis-à-vis nominal GDP growth and what’s the outlook going forward.


Cramer’s lightning round: Barnes & Noble’s stock is trading like it could get acquired

Image result for Cramer's lightning round: Barnes & Noble's stock is trading like it could get acquiredBarnes & Noble: “I’m going to say something I typically wouldn’t say, but it does feel like it’s getting a bid or something, because it just goes up, up and up and yet the fundamentals are not great. So, I don’t want to recommend a stock on a takeover basis, but I see what’s happening and it seems pretty positive.”

Booz Allen Hamilton Holding Corp.: “It’s not a bad stock. A lot of people don’t talk about it. I think it’s pretty good. Now, candidly, I like Accenture more. I like ACN, really, a lot more.”

TE Connectivity Ltd.: “It’s interesting. It’s not great. It does network solutions, got a little cable stuff in it. It’s not compelling enough for me to pound the table.”

Adobe Inc.: “I cannot recommend this stock on a short-term basis because … I recommended it at $50. It’s at $250. I think you buy some and then you wait for it to come down because we’re not going to play the quarterly game. The quarter’s going to be good, but stocks aren’t reacting to the quarter. They’re reacting to the Fed. They’re reacting to the president. That’s not certain enough for me.”

Global Blood Therapeutics Inc.: “It’s had a very big run and it’s coming back down. I think you sold half and now portfolio management would say, ‘You know what? Let the rest run.'”

Activision Blizzard Inc.: “It has to do with Call of Duty. People think it’s not doing that well. I wish [CEO] Bobby Kotick would come on.”