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☆ Shell and TotalEnergies listings: Europe risks losing its biggest oil companies to America
▼ + stars: | 2024-05-07 | by ( Anna Cooban | Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —Two of Europe’s biggest oil companies, Shell and TotalEnergies, are considering abandoning their stock exchanges for Wall Street in a move that would deal a hammer blow to London and Paris. Shares of TotalEnergies and Shell trade on a price-to-cash flow ratio of 4.7 and 5.2 respectively, compared with a ratio of 8.4 for Exxon Mobil (XOM) and 7.6 for Chevron (CVX). Alastair Syme, managing director of global energy equity research at Citi, says Shell and TotalEnergies have long traded at a discount. Investors would “be much more comfortable” buying European energy companies if they were part of the more valuable S&P 500 benchmark index of US equities, according to Syme. London languishesStill, the slightest hint that Shell may consider leaving London will have rattled the city’s beleaguered main stock exchange.

Persons: Britain’s Shell, France’s, Alastair Syme, Syme, Patrick Pouyanne, “, ”, Wael Sawan, Sawan, London languishes, Chris Beauchamp, Shell, TotalEnergies, New York “ would’ve, ” Lindsey Stewart, Ben van Beurden, ” Syme Organizations: London CNN, Shell, CAC, Exxon Mobil, Chevron, Citi, CNN, Investors, Bloomberg, London Stock Exchange, Nasdaq, BP, Morningstar, Financial, Commodities Locations: London, Paris, New York, Chevron, Europe, United States, Switzerland, “

☆ Selling your home in 2024? Here's why you should list it in June, according to Zillow
▼ + stars: | 2024-03-11 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

If you're thinking of selling your home this year, you might want to do it in the first two weeks of June. U.S. sellers who listed their home during that time span in 2023 sold their homes for 2.3% more when compared to other months in the year, according to a new Zillow analysis. Zillow's analysis of its 2023 listings supports this conclusion: Spring and summer months had a 0.5% to 1% increase in sales prices compared to the yearly average. Conversely, sales prices dropped by about 2% during winter months, compared to the yearly average. June should be the standout month of 2024 too, Zillow experts expect.

Persons: Nicole Beauchamp Organizations: Sotheby's

☆ Everything we know about the upcoming 'Outlander' prequel series 'Blood of My Blood'
▼ + stars: | 2024-02-07 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

The series will tell two parallel origin stories: how Jamie's parents came to meet and Claire's parents' romance. "Outlander: Blood of My Blood" went into development in February 2022. The decision to include Claire's parents in the show is sure to be a welcome one. Not much is known about Julia Moriston and Henry Beauchamp beyond the fact that they died when Claire was a young girl. "We're thrilled to be telling the stories of these two couples," said Matthew B. Roberts, showrunner, executive producer and writer on both "Outlander" and "Outlander: Blood of My Blood."

Persons: Outlander, Ellen MacKenzie, Brian Fraser, Jamie's, Ellen, Jamie, Julia Moriston, Henry Beauchamp, Claire, We're, Matthew B, Roberts Organizations: Starz, Scottish Highlands Locations: England

☆ Parcel delivery firm faces PR nightmare after AI-powered chatbot cusses and mocks the company
▼ + stars: | 2024-01-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

The bot used inappropriate language in a customer support exchange and criticized the company. AdvertisementParcel delivery firm DPD have replaced their customer service chat with an AI robot thing. pic.twitter.com/aq4wDitvQW — Chris Bakke (@ChrisJBakke) December 17, 2023The AI element supplements human customer service, a DPD spokesperson told Business Insider. The spokesperson told BI: "We are aware of this and can confirm that it is from a customer service chatbot. In addition to human customer service, we have operated an AI element within the chat successfully for a number of years.

Persons: —, chatbot, Ashley Beauchamp, ingle Organizations: Service, BBC, Business, ust Locations: uman

☆ These 8 affordable US cities have the most home-price appreciation potential in the years ahead, according to a broker at Sotheby's International Realty
▼ + stars: | 2024-01-04 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

Remote workers may also seek out cities with cultures they enjoy more, those that are walkable, and those that are well-connected via a major airport, she said. All of them have median home prices relatively close to, or below, the national median of $408,573, according to Redfin data. And they are all significantly less expensive than median prices in New York or Boston, which hover near $800,000, or San Francisco and Los Angeles, which both have median prices over $1 million. The eight cities also have below-average costs of living, according to the Council for Community and Economic Research's Cost of Living Index. We've listed the eight cities below, their median home prices, populations, cost of living index scores, and major airports.

Persons: Nicole Beauchamp, we've, Beauchamp Organizations: Sotheby's, Business, Council for Community Locations: New York, Boston, San Francisco, Los Angeles

☆ UK’s Metro Bank and Lloyds join Barclays in announcing job cuts weeks before Christmas
▼ + stars: | 2023-11-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Staff at UK banks face layoffs in the lead-up to Christmas in what one labor union called “disgraceful” timing. Struggling Metro Bank said Thursday that it expected to slash headcount by 20% as part of efforts to save £50 million ($63 million) a year. But Chris Beauchamp, chief market analyst at stockbroker IG, said becoming more like the big banks Metro Bank sought to displace would “sorely diminish” the lender’s appeal. “Far from being a serious challenger to the UK’s established banks, Metro continues to flounder,” he wrote in a note. Metro Bank also said new stock issued as part of an emergency equity raise last month to shore up its finances would begin trading Thursday.

Persons: “, Daniel Frumkin, Chris Beauchamp, ”, Charles Schwab, Dominic Hook, upskilling, Andrew Coombs, Jaime Gilinski Bacal Organizations: London CNN — Staff, Metro Bank, Lloyds, Barclays, Metro, Citigroup, Vice Media, Continental, Unite, ” Citi, Bank of England Locations: United Kingdom

Money market traders are betting September's hike was the last, with almost 90 basis points of rate cuts priced by the end of 2024. European shares underperforming their U.S. counterparts was a common expectation amongst the survey's European respondents as the robust American economy looks more likely to achieve a 'soft landing' than Europe. European shares are much cheaper than those in the U.S., possibly reflecting the worse economic outlook. The STOXX Europe 600 trades at over 12 times 12-month forward earnings, a 35.6% discount to the S&P 500 (.SPX). "Still, as the broader economic slowdown takes hold of the continent's markets, we expect to see a rather challenging second half of 2024."

Persons: Chris Beauchamp, Thomas Monteiro, Germany's DAX, Fiona Cincotta, Cincotta, Investing.com's Monteiro, Monteiro, Samuel Indyk, Danilo Masoni, Pranoy Krishna, Rahul Trivedi, Sarupya Ganguly, Jason Neely Organizations: IG, European Central Bank, ECB, Investing.com, FTSE, Bank of England, Thomson Locations: Europe, Germany, riskier, U.S, Bengaluru

☆ UK finance firms face $510 million levy to fund 2024/25 compensation claims
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Nov 9 (Reuters) - Britain's Financial Services Compensation Scheme (FSCS) has forecast imposing a levy of 415 million pounds ($510 million) against UK financial firms to fund 2024/25 claims for redress from customers suffering poor advice and insurance provider failures. This indicative figure is higher than for 2023/24, primarily due to larger surpluses that were carried over from the 2022/23 financial year which reduced the 2023/24 levy to 270 million pounds, the FSCS said. The levy is likely to include cover on self-invested personal pension (SIPP) operator failure claims and pay-outs for insurance firm failures that occurred in previous financial years, it added. "FSCS directly contributes to trust and stability in our financial services system and makes a genuine difference to consumers' lives," Martyn Beauchamp, Interim Chief Executive of FSCS said in a statement. Most of our compensation continues to be paid out for poor financial advice and for legacy insurance provider failures - both of which include some of the most complex defaults and claims we handle," he added.

Persons: Hannah McKay, Martyn Beauchamp, FSCS, Sinead Cruise, Simon Jessop Organizations: REUTERS, Britain's, Interim, Thomson Locations: Bishopsgate, London, Britain

☆ Bucks erase 4th-quarter deficit in win over Pistons
▼ + stars: | 2023-11-09 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/68] Nov 8, 2023; Milwaukee, Wisconsin, USA; Detroit Pistons guard Cade Cunningham (2) puts up a shot against Milwaukee Bucks forward MarJon Beauchamp (3) in the first half at Fiserv Forum. Mandatory Credit: Michael McLoone-USA TODAY Sports Acquire Licensing RightsNovember 9 - Damian Lillard had 34 points as the host Milwaukee Bucks overcame Giannis Antetokounmpo's ejection and a 10-point, fourth-quarter deficit to defeat the Detroit Pistons 120-118 Wednesday. Cunningham made both free throws and hit a jumper with 12 seconds left. A three-point play by Sasser upped the Pistons' lead to 10, 109-99. Cunningham answered with a 3-pointer, but he made a turnover with four seconds left.

Persons: Cade Cunningham, MarJon Beauchamp, Michael McLoone, Damian Lillard, Giannis Antetokounmpo's, Bobby Portis, Brook Lopez, Antetokounmpo, Isaiah Stewart, Marcus Sasser, They've, Portis, Cunningham, Thanasis Antetokounmpo, Stewart, Sasser, Crowder Organizations: Detroit Pistons, Milwaukee Bucks, Fiserv Forum, Pistons, Milwaukee . Milwaukee, Milwaukee, The Pistons, Bucks, Thomson Locations: Milwaukee , Wisconsin, USA, Detroit, Milwaukee

☆ NBA roundup: Warriors survive close call, edge Thunder
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +5 min

Dario Saric added 20 points off the bench for the Warriors, who have won five consecutive games following an opening loss. Malcolm Brogdon added 24 points, 10 assists, seven rebounds and three steals as the Trail Blazers won their third consecutive game. Shaedon Sharpe scored 22 points and Deandre Ayton had 16 points, 12 rebounds and three steals for Portland. Desmond Bane notched 33 points, eight rebounds, seven assists, four steals and three blocked shots as the Grizzlies dropped to 0-6. Jaren Jackson Jr. added 30 points, 10 rebounds and three blocked shots for Memphis, the last winless team in the NBA.

Persons: Stephen Curry, Luguentz Dort, Alonzo Adams, Green, Dario Saric, Shai Gilgeous, Alexander, Jerami Grant, Malcolm Brogdon, Shaedon Sharpe, Deandre Ayton, Desmond Bane, Jaren Jackson, Damian Lillard, Giannis Antetokounmpo, Jae Crowder, MarJon Beauchamp, Brook Lopez, Jalen Brunson, Brunson, Lillard, Myles Turner, Tyrese Haliburton, Donovan Mitchell, Turner, Haliburton, Mitchell, Tyler Herro, Jimmy Butler, Bam Adebayo, Duncan Robinson, Herro, Kyle Kuzma's, Jordan Poole, Nikola Jokic, Michael Porter Jr, Jamal Murray, Aaron Gordon, Luka Doncic, Kyrie Irving, Jason Kidd, Sean Sweeney, Bridges, Dennis Smith Jr, Dorian Finney, Smith, Zach LaVine, DeMar DeRozan, Coby White, Nikola Vucevic Organizations: Golden State Warriors, Oklahoma City Thunder, Paycom Center, USA, NBA, Warriors, Oklahoma City, New Orleans Pelicans, Blazers, Grizzlies, Portland, Memphis, Trail Blazers, Bucks, Knicks, Milwaukee, New, Brook, Pacers, Cavaliers, Indiana, Cleveland, Wizards, Miami, Washington, Nuggets, Mavericks, Denver, Dallas, Nets, Bulls, Chicago, Thomson Locations: Oklahoma City , Oklahoma, USA, Portland, Memphis, New York, Milwaukee, Indianapolis, Haliburton, Washington, Brooklyn

☆ Opinion | If Not This, Then What Should Israel Do?
▼ + stars: | 2023-10-31 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

“Two things are true: Israel must do something, and what it’s doing now is indefensible.” So writes Zack Beauchamp, a senior correspondent at Vox. Almost a month has passed since Hamas fighters slaughtered over 1,400 people in Israel and the state mounted its furious response. If Israel continues down this road, the cost in Palestinian lives, and in support for Israel, will be immense. Beauchamp, who has covered Israel extensively in recent years, set out to answer that question. I found his piece “What Israel Should Do Now” one of the best I’ve read since Oct. 7.

Persons: Zack Beauchamp, Israel, “, Ezra Klein, Beauchamp Organizations: Vox, Apple, Spotify, Amazon Music, Google, Times Locations: Israel, Gaza

☆ Middle East violence rattles markets, oil jumps
▼ + stars: | 2023-10-09 | by ( Reuters Staff | ) www.reuters.com time to read: +5 min

MARKET REACTION:- Oil prices surged, with Brent crude trading at $87.25 a barrel - up over 3% on the day. COMMENTS:MOHIT KUMAR, CHIEF EUROPE ECONOMIST, JEFFERIES, LONDON:“The coming days are likely to be driven by geopolitical risks, rather than fundamentals. “Second, OPEC countries do have spare capacity that they restrict willingly to maintain oil price at above $80 (per barrel), but they don’t necessarily think of tripling oil prices – which would only accelerate the energy transition. “This being said, potential retaliation against Tehran is a serious upside risk for oil prices. We will keep an eye on developments, but don’t speculate on a full-blast rise in oil prices for now.”

Persons: Mohammed Salem, Israel’s shekel, MOHIT KUMAR, JEFFERIES, ”, ” CHRIS BEAUCHAMP, Brent, WTI, CAROL KONG, JPY, ” MICHAEL HEWSON, ALVIN TAN, Blinken, “, ” IPEK OZKARDESKAYA, Israel Organizations: Oil, REUTERS, Brent, U.S, Treasury, British Airways, LONDON, Russo, COMMONWEALTH BANK OF, CMC, U.S ., OF, OF ASIA FX, RBS, SWISSQUOTE BANK Locations: Israel, Gaza, Egypt, Yom, EUROPE, Iran, Ukrainian, SYDNEY, Asia, Japan, Straits, Hormuz, OF ASIA, ” “, GENEVA, OPEC, U.S, Tehran

☆ Metro Bank: Shares in UK bank just plunged over 30%
▼ + stars: | 2023-10-05 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —Shares in UK lender Metro Bank sank as much as 31% Thursday following a report that it was urgently seeking to raise funds to shore up its finances. Metro Bank opened in 2010 as the first challenger to Britain’s major main street banks — including Lloyds (LYG), Barclays (BCS) and HSBC (HSBC) — in more than 100 years. Metro Bank’s assurances did little to support its share price, which pared some of its earlier losses but was down by 31% again by late afternoon in London. The bank’s shares are down almost 66% since mid-September when UK regulators refused its request to change the way it calculates capital requirements on its residential mortgages book. A Metro Bank branch in the UK city of Sheffield, seen in April Mike Egerton/APThe ratings agency noted that Metro Bank had to refinance a £350 million ($425 million) bond by October 2024.

Persons: “, Fitch, ” Fitch, Mike Egerton, Chris Beauchamp, isn’t, ”, — Hanna Ziady Organizations: London CNN —, Metro Bank, Financial Times, Lloyds, Barclays, BCS, HSBC, —, Metro, Bank, UK Financial, Prudential Regulation Authority, Bank of England, IG, CNN, Financial, Metro Bank . CNN, Prudential, Banking Supervision, Valley Bank, Signature Bank, First Republic Bank, Credit Suisse — Locations: ”, London, Sheffield, United States, United Kingdom, Basel

☆ Reactions: UK inflation cools in June, pound drops
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +6 min

Sterling dropped broadly, falling against the dollar, the euro and the yen, as interest-rate futures showed investors no longer expect UK rates to peak above 6%. COMMENTS:KEVIN BRIGHT, GLOBAL LEADER, CONSUMER PRICING PRACTICE, MCKINSEY & COMPANY, LONDON:"Inflation dipped more than expected; but the gulf between the UK and the Eurozone inflation levels remains. Despite most categories seeing a decline, food & non-alcoholic beverage inflation at 17.3% remains only 1.8% below its peak in March 2023. "Continued rising prices, higher interest rates and below inflation wage growth – are a triple blow to household budgets. NEIL BIRRELL, CHIEF INVESTMENT OFFICER, PREMIER MITON INVESTORS, LONDON:"Some good news on UK inflation at last, coming in below expectations for June and most importantly the core inflation rate fell more than thought.

Persons: Sterling, BoE, KEVIN, JOE TUCKEY, JORDAN, NOMURA, CHRIS BEAUCHAMP, Andrew Bailey, JEREMY BATSTONE, CARR, RAYMOND JAMES, ” KENNETH BROUX, It's, JOSEPH CALNAN, NEIL BIRRELL, Amanda Cooper, Andrew Heavens, Catherine Evans Organizations: Bank of England's, Reuters, Reuters Graphics Reuters, MCKINSEY, COMPANY, LONDON, Bank of England, JORDAN ROCHESTER, CPI, IG GROUP, Bank of, SOCIETE GENERALE, U.S, EMEA, Thomson Locations: homebuilders, Bank of England, EUROPEAN

☆ Ocado hits five-month high after return to profit, keeping guidance
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: +2 min

Ocado shares surged on Tuesday after the British online supermarket and technology group kept its financial guidance for the year as it reported a return to underlying profit in its first half. Shares surged 15.3% to their highest since February, beating the four-month peak set in June after a report of possible takeover interest from Amazon boosted the company's stock. Its Technology Solutions revenue jumped 59%. Ocado said there was no change to the financial guidance given at its full-year results in February. Ocado shares surged 32% on June 22 after The Times newspaper reported speculation of possible bid interest in the online supermarket from more than one U.S. suitor including tech heavyweight Amazon.

Persons: Chris Beauchamp, Ocado, I've, Tim Steiner Organizations: Technology Solutions, IG Group, Tech Solutions, Ocado, Marks, Logistics, Kroger, Casino, Jefferies, U.S, The Times Locations: United States, Japan, France, U.S

The pan-European STOXX 600 index (.STOXX) deepened losses by the close to fall 2.3% to its lowest level since late March, while the EURO STOXX 50 index (.STOXX50E) plunged 2.9%. Germany's two-year bond yield , which is highly sensitive to interest-rate expectations, rose its highest since autumn 2008, also pressuring equities. Technology stocks (.SX8P) fell 3.0%, while the real estate sector (.SX86P), which are often treated as bond proxies, tumbled 4.2%. German industrial orders rose significantly more than expected in May, due to large scale orders of ships, spacecraft and military vehicles. Embracer (EMBRACb.ST), the top loser on the STOXX 600, fell 13.8% after the gaming group raised 2 billion crowns ($182 million) in a share issue directed to institutional investors.

Persons: Chris Beauchamp, Janet Yellen's, Matteo Allievi, Shubham Batra, Shreyashi Sanyal, Sherry Jacob, Phillips, Varun, David Evans Organizations: CAC, U.S, Technology, Treasury, Thomson Locations: U.S . Federal, U.S, China, British, Gdansk, Bengaluru

☆ UK FTSE 100 at three-month low as rate hike worries grip; Currys slumps
▼ + stars: | 2023-07-06 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) fell 1.2%, hitting its lowest level since March 24. Currys (CURY.L) tumbled 13.3% to its lowest level in more than 20 years after the electricals retailer reported a 38% slump in full-year profit. The commodity-heavy UK benchmark has been underperforming its peers this year amid volatility in resource prices over an uncertain global outlook. Among individual stocks, United Utilities (UU.L) climbed 1.8% after Morgan Stanley raised the water utility firm's rating to "overweight" from "equal-weight." Reporting by Shashwat Chauhan in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: tanked, Chris Beauchamp, Beauchamp, Morgan Stanley, Shashwat Chauhan, Dhanya Ann Thoppil Organizations: United Utilities, P, FTSE, U.S, U.S . Federal, IG Group, HSBC, Standard Chartered, Prudential, CAB, Thomson Locations: China, U.S, U.S ., Bengaluru

The pan-European STOXX 600 index (.STOXX) dipped 0.2%, reversing gains of some 0.4%, to kick off the first day of the second half of the year on the back foot. The broader healthcare index (.SXDP) fell 2.0%, leading falls among sectors. The moves helped Italy's financials-heavy benchmark FTSE MIB (.FTMIB) climb 0.8%, a bright spot among other bourses in the region. The broader STOXX 600 had gained 8.7% in the first half of the year, largely due to strong gains early into 2023. "A muted atmosphere prevails across stock markets this afternoon," said Chris Beauchamp, chief market analyst at online trading platform IG.

Persons: Assicurazioni, Delfin, Italy's, Chris Beauchamp, Amruta Khandekar, Shreyashi Sanyal, Matteo Allievi, Nivedita Bhattacharjee, Janane Venkatraman, Conor Humphries Organizations: Miners, AstraZeneca, Generali, British, MIB, European Central Bank, Thomson Locations: China, Bengaluru, Gdansk

☆ VIEW Bank of England delivers hefty rate hike
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +6 min

Traders scrambled to price in a peak to UK rates of as much 6% and its implications for the risk of recession, and rate-sensitive stocks like banks and homebuilders slid. MONEY MARKETS: UK 2-year gilts dropped sharply, then rose after the decision but were last unchanged at 5.04%. But even if the bank hasn't offered up any new guidance, the rate decision itself is revealing. The UK has the unenviable title of highest core inflation rate in the G7, and by quite some margin. "Having said that, their policy is now more data dependent, the bank had to deliver a rate increase.

Persons: homebuilders, Sterling, gilts, JAMIE NIVEN, JAMES SMITH, hasn’t, hasn't, BoE, SEEMA SHAH, CHRIS BEAUCHAMP, Bailey, PAUL OBERSCHNEIDER, BOE, ” ROBERT JEFFREE, GARY SMITH, EVELYN, Yoruk Organizations: Bank of England, MPC, Traders, CANDRIAM, ING, LONDON, IG GROUP, Treasury, EMEA, Thomson

☆ UK equities rise on upbeat global mood, BT Group tumbles on weak cash flow
▼ + stars: | 2023-05-18 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

"There's clearly a lack of real strategy and it's not enough to just say we're going to cut costs. Vodafone Group Plc (VOD.L) earlier this week said it would cut 11,000 jobs globally over three years after it warned that a poor performance in its biggest market Germany would hit cash flow. The blue-chip FTSE 100 (.FTSE) rose 0.6%, reflecting an upbeat mood in global markets on hopes that Washington is edging closer to a deal to raise the U.S. debt ceiling and avert a default. Among other movers, luxury group Burberry Group Plc (BRBY.L) fell 6.2% as continued weakness in the United States overshadowed a stronger-than-expected fourth quarter sales driven by a rebound in China. EasyJet Plc rose 1% after the airline posted a first-half loss in line with its guidance.

☆ New York poised to pass first statewide law banning natural gas in new buildings
▼ + stars: | 2023-05-02 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

The law would likely take effect in 2026 for most new buildings under seven stories and in 2029 for larger buildings. The statewide ban would follow legislation passed by New York City in 2021 that bans natural gas hookups in new buildings by the end of this year. New York was the sixth-largest natural gas consumer among the states in 2020, according to the U.S. Energy Information Administration. And in 2021, the residential sector — where three out of every five households use natural gas for heating — comprised over one-third of the natural gas delivered to New York residents, the agency found. "New York state is leading the way in ending America's devastating addiction to fossil fuels," said Food & Water Watch Northeast Region Director Alex Beauchamp.

The commodity-heavy FTSE 100 (.FTSE) edged 0.1% lower, while the mid-cap FTSE 250 (.FTMC) was flat as of 0814 GMT. "Gains in homebuilders is being counteracted by ex-dividend moves today," said Chris Beauchamp, chief market analyst at IG Group. Even as concerns over a potential U.S. recession have weighed on investor sentiment, defensive stocks such as pharmaceuticals as well as commodity-linked stocks have kept FTSE 100 afloat recently. Shares of Lloyds Group (LLOY.L), Unite Group (UTG.L) and Persimmon (PSN.L) among others were down between 1.7%-3% as the stocks traded ex-dividend. Reporting by Shristi Achar A in Bengaluru; Editing by Sohini Goswami and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ A widow is accusing an AI chatbot of being the reason why her husband killed himself
▼ + stars: | 2023-04-04 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

A widow in Belgium said her husband recently died by suicide after being encouraged by a chatbot. Chat logs seen by Belgian newspaper La Libre showed Chai Research's AI bot encouraging the man to end his life. The "Eliza" chatbot still tells people how to kill themselves, per Insider's tests of the chatbot on April 4. But the "Eliza" chatbot then started encouraging Pierre to end his life, per chat logs his widow shared with La Libre. When reached for comment regarding La Libre's reporting, Chai Research provided Insider with a statement that acknowledged Pierre's death.

☆ Dow dives over 600 points as Credit Suisse selloff injects fresh unease into markets
▼ + stars: | 2023-03-15 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

US stock futures sank Wednesday as worries about Credit Suisse's financial health revived fears over banks. Dow futures fell as much as 600 points premarket as the worries dented US investor sentiment. Dow Jones Industrial Average futures shed as much as 600 points in premarket trading and were down 530 points at last check. The drop came after a huge selloff in Credit Suisse shares undermined investor sentiment, with fears growing that the collapse of Silicon Valley Bank will spiral into a full-blown banking crisis. The extended tumble in Credit Suisse's share price has fueled unease about the global banking sector after SVB, Signature Bank, and Silvergate Capital all imploded over recent days.

☆ Europe’s banking stocks suffer biggest drop in a year
▼ + stars: | 2023-03-13 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

Europe’s benchmark Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, fell 5.6% by mid-afternoon — notching its biggest fall since March last year. The broader Stoxx Europe 600 index dropped 2.1%, while the bank-heavy FTSE 100 (UKX) was 2.2% down. A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. It is unclear how many unrealized losses EU and UK banks are carrying on their books. Beauchamp added that the sharper falls in European bank stocks so far seen on Monday might partly reflect their stronger performance relative to US banks this year.

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