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☆ Fast food feels more expensive than ever before, and people are sick of it. Here's why.
▼ + stars: | 2024-05-04 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Analysts say fast-food prices feel particularly painful because they're rising faster than grocery prices. Fast-food prices have been shooting upRestaurant prices are determined by "two major categories" — food costs and labor costs, Citi analyst Jon Tower told BI. Related storiesFast-food chains put up their menu prices to reflect the higher food costs and payrolls. AdvertisementGrocery inflation is coolingFast food seems particularly expensive right now because grocery inflation is cooling much more rapidly, analysts BI spoke to said. AdvertisementBut the inverse is also true — grocery stores benefit much more than restaurants when food inflation cools.

Persons: —, Jim Sanderson, Jon Tower, Sharon Zackfia, William Blair, Price, Danilo Gargiulo, Bernstein, Gargiulo, they've, Garguilo, Sara Senatore, Chad Frye Organizations: Analysts, Service, Northcoast Research, Citi, US Bureau of Labor Statistics, Bank of America Locations: Russia, Ukraine, California

☆ Part scary, part exciting: How artists are using AI in their work
▼ + stars: | 2024-04-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +7 min

But they also said they were excited about what generative AI might bring. Installation artist Rubem Robierb was "shocked" when he first saw what generative AI could do, he told CNBC by phone. "In its infancy, [generative] AI can create more images in a second [than] the human brain can even process. As it exists right now, [generative] AI sources from known images, known artwork, and known artists to complete a task. Generative artUsing generative AI in an ethical manner is a key consideration for London gallery the Serpentine, which has developed AI projects with artists since 2014, according to its CEO Bettina Korek.

Persons: Refik, Hugo Glendinning, OpenAI's DALL, Rubem Robierb, Robierb, Dandara dos Santos, Rubem, Bettina Korek, Refik Anadol, Korek, Anadol, Julian Espagnon, Danilo S, Shane Guffogg, Carlucci, Holly Herndon, Mat Dryhurst, Jordan Meyer, Guffogg, I'm Organizations: CNBC, Celebrity Cruises for Edge, Smithsonian Institution, Economic, United Arab, & Systems, gallery's Arts Technologies Locations: London, New York City, Fortaleza, Brazil, New York, Miami, Europe, Serpentine, Davos, Switzerland, United Arab Emirates, Herndon, Venice, Italy, California

☆ How the stars aligned for Wingstop stock to gain 380% in 5 years
▼ + stars: | 2024-03-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

In the past five years, Wingstop, which is listed on the Nasdaq, saw its stock grow 380%, from $72.36 in March 2019 to $348 as of Thursday. Not the wildest 5-year rally by any means, but those are some eye-catching gains for a chicken wing-slinging, fast-food chain. Fast food chains were no exception. It's also difficult to look at other more storied fast food restaurants, such as McDonald's, which is trading at $282.63 as of Friday, and compare that to Wingstop, Gargiulo said. But overall, there are very few fast food restaurants that look and operate like Wingstop.

Persons: —, Danilo Gargiulo, Gargiulo, Wingstop, Gen Z, Uber, It's, McDonald's, There's Organizations: Service, Nasdaq, Business Locations: AllianceBernstein, Garland , Texas

☆ California is putting up minimum wages to $20 an hour for fast-food chains – and it's likely going to drive up wages in other industries, too
▼ + stars: | 2024-03-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewCalifornia is raising the minimum wage for fast-food workers to $20 an hour – and a much wider group of employees could see bigger paychecks. If limited-service restaurants raise their wages, "everybody is going to have to adopt because it's a free market," Danilo Gargiulo, a Bernstein analyst, said. Fast-food and fast-casual chains have already said they plan to raise their menu prices in California to offset the higher wages. The Cheesecake Factory's CFO Matt Clark told investors in November that the minimum wage could have a "ripple effect" beyond just limited-service restaurants. He added that the legislation would cause the price gap between limited- and full-service restaurants to narrow.

Persons: —, Brian Vaccaro, Raymond James, It'll, Andy Barish, Danilo Gargiulo, Bernstein, Matt Clark, Clark, Vaccaro, Sharon Zackfia, William Blair, Greg Levin, we've, Levin, they're, Zackfia Organizations: Service, Business, Jefferies, US Bureau of Labor Statistics Locations: California, pretzels . California

☆ Here's what might happen after California raises fast-food wages to $20, from higher burger and pizza prices to better wages for retail workers
▼ + stars: | 2024-03-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

AdvertisementBurgers, tacos, and pizzas will get more expensiveDiners should expect to pay more as fast-food restaurants put menu prices up to offset higher wages. But restaurants already paying workers higher wages will feel less of an impact from the new legislation. Jon Tower, an analyst at Citi, said the higher prices could be hard for some diners to accept. However, higher wages at McDonald's, Subway, and Burger King will likely prompt other employers to offer higher pay so they can compete for labor. AdvertisementPeople will have more money to dine outAs fast-food workers' wages increase, they'll actually have more disposable income to spend dining out.

Persons: —, Gavin Newsom, It's, Jack, Sharon Zackfia, William Blair, Andy Barish, Sara Senatore, Chris Kempczinski, they're, Jon Tower, Barish, Zackfia, Burger, Danilo Gargiulo, Bernstein, Matt Clark Organizations: Service, Golden State, Gov, Jefferies, Bank of America, Citi, Bureau of Labor Statistics Locations: California, McDonald's

☆ More Americans are moving to Tuscany, where their money goes further, the pace is slower, and the wine flows freely
▼ + stars: | 2024-03-02 | by ( Jordan Pandy | Reed Alexander | ) www.businessinsider.com time to read: +14 min

More Americans are moving to Tuscany, a part of Italy known for medieval walled cities and wine. Some locals say it's keeping their economy alive, but others are starting to grumble. The influx of Americans, locals said, can be at once a booster of fortunes and an irritating imposition. "A lot of locals say that a place like Montepulciano cannot handle all those tourists because it's a small city," said Tudor, the jeweler. Americans, Ercolani said, "spend money and they appreciate the quality of the food and the wine that we have."

Persons: —, Leanne Davis, Davis, Jon Chewning, Chewning, It's, Georgette Jupe, Knight Frank, Florence ., they're, we've, Frances Mayer's, it's, Michele Capecchi, Capecchi, Erin Lewis, Lewis, Danilo Romolini, Luca Tudor, AJ Tuscany, Tudor, who's, Sam D'Avanzo, dell'Anfiteatro, Frank Bienewald, they've, lockdowns, Jupe, Bendetta, Cantina Ercolani, Ercolani Organizations: Service, Business, Associated Press, US Department of State, Italian National Institute of Statistics, away.com, Christie's, Estate, Locals, International School of Florence Locations: Tuscany, Italy, California, Romano, Sacramento, Montepulciano, Florence, Boccheggiano, Lucca, Siena, American, Europe, Rome, Venice, Chiusi, Austin , Texas, Houston , Texas, Italian, Switzerland, Albanian

☆ These companies reporting next week, including Chipotle, have a history of beating earnings expectations
▼ + stars: | 2024-02-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

A slate of companies with a track record of beating Wall Street's expectations is teed up to report next week. Investors are anticipating results from a host of companies across different sectors next week, including media, chipmakers, pharmaceuticals and consumer products. Against this backdrop, CNBC Pro analyzed data from Bespoke Investment Group to find stocks with a history of beating their earnings expectations at least 75% of the time and subsequently rising an average of 1.5% or more after earnings were released. The company has historically beaten earnings expectations 76% of the time and has risen 1.66% afterward. The Baltimore-based company also is expected to report fiscal third-quarter earnings results before the market opens next Thursday.

Persons: Wall, AllianceBernstein, Danilo Gargiulo, Jon Tower, CyberArk, Morgan Stanley, Hamza Fodderwala, Fodderwala, Armour, —, Fred Imbert Organizations: CNBC Pro, Investment Group, Citi, Software Locations: Baltimore

In his first game back from an eight-month ban, Toney scored from a free kick to help Brentford beat Nottingham Forest 3-2 on Saturday and end a skid of five straight Premier League losses. I’m just buzzing to be back and scoring goals and playing for the team. Frank even gave Toney the captain's armband for this game, indicating how important his return is for the west London club. Toney led his team with 20 goals in 33 league games last season before being handed the ban in May. With the return of Toney, any thoughts of a relegation scrap for Brentford might soon be in the past.

Persons: — Ivan Toney, Toney, “, ” Toney, Thomas Frank, Dane, Frank, Nuno Espirito, Danilo, Ben Mee, Chris Wood, Callum Hudson, Forest's Orel Mangala, Mads Roerslev, Neal Maupay, volleying, Thomas Frank’s, “ I’m, I’ve, Gabriel Magalhaes, Gabriel Martinelli, ” Martinelli, Gabriel, Dean Henderson, Leandro Trossard, Martinelli's, Mikel Arteta’s, Roy Hodgson’s, ___ Organizations: Brentford, Nottingham Forest, Premier League, Nuno Espirito Santo, Forest, ” ARSENAL, Fulham —, Liverpool, Arsenal, Crystal, Emirates, Aston Villa, Bournemouth, League's Locations: London, Dubai, West Ham, Liverpool

The Detroit Pistons agreed to trade Marvin Bagley III and Isaiah Livers to the Washington Wizards on Sunday for Danilo Gallinari and Mike Muscala, a person with knowledge of the deal told The Associated Press. The Detroit News captured video at that practice of Bagley and Livers bidding teammates farewell after learning of the deal. 2 overall pick in the 2018 draft, averaged 10.2 points and 4.5 rebounds per game for the Pistons this season. Livers averaged 5.0 points and 2.1 rebounds for Detroit, which has lost 35 of its last 36 games and visits Washington on Monday. Political Cartoons View All 253 ImagesGallinari averaged 7.0 points and Muscala averaged 4.0 points for the Wizards this season.

Persons: Marvin Bagley III, Isaiah Livers, Danilo Gallinari, Mike Muscala, Monty Williams, Bagley, San Antonio, ___ Organizations: Detroit Pistons, Washington Wizards, Associated Press, Pistons, ESPN, Sunday, Detroit News, Livers, Detroit, Wizards, Washington, San, NBA Locations: Washington, Detroit

☆ Ericsson shares rally on AT&T network deal, Nokia drops
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: 1 min

A logo of Ericsson is seen outside the company's office in Kanata, Ontario, Canada April 17, 2023. REUTERS/Lars Hagberg/File Photo Acquire Licensing RightsDec 5 (Reuters) - Ericsson (ERICb.ST) shares rallied in early trading on Tuesday after AT&T (T.N) chose the Swedish telecoms equipment maker over Finnish rival Nokia (NOKIA.HE) to build a network under a five-year deal that could see spending reach $14 billion. Ericsson rose around 8% on German trading platform Tradegate, while Nokia fell 9%. Reporting by Danilo Masoni; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.

Persons: Lars Hagberg, Danilo Masoni, Amanda Cooper Organizations: Ericsson, REUTERS, Nokia, Thomson Locations: Kanata , Ontario, Canada

☆ London stock market trading resumes after small cap outage
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. "Impacted securities are now in regular trading," LSEG said in a notice published on its website. FTSE 100 (.FTSE), FTSE 250 (.FTMC) and International Order Book securities - shares listed in London by overseas companies - had continued to trade normally, the exchange said. It is the second time LSEG has flagged a disruption to trading in smaller stocks on the London market in less than two months. In 2019, the London Stock Exchange suffered an almost two-hour outage that hit FTSE 100 and midcap stocks, which LSEG said was caused by a “technical software issue”.

Persons: Toby Melville, LSEG, Thomson, Danilo Masoni, Alun John, Amanda Cooper, Kirsten Donovan Organizations: London Stock Exchange, REUTERS, Tullow, CMC, FTSE, Thomson Reuters, Reuters, Thomson Locations: Canary Wharf, London, Britain, LSEG

☆ Barclays shares slip after major backer Qatar cuts stake
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Qatar Investment Authority, the state sovereign wealth fund which owns Qatar Holding, did not respond to a request for comment. The share sale comes as Barclays embarks on a shake-up to cut costs and revive its share price, which has halved since Qatar first invested in 2008. Barclays' stock fell as much as 4.5% in early trading and was last down 2.5% at 1007 GMT. Qatar became Barclays' largest shareholder during the 2008 financial crisis when it injected 4 billion pounds into the UK bank in a deal that helped avert a taxpayer bailout. Britain's financial watchdog later fined Barclays $55 million for fees paid to Qatari entities in the 2008 fundraising, which Barclays said it would appeal.

Persons: Venkatakrishnan, Vekatakrishnan, Iain Withers, Sinead Cruise, Pablo Mayo Cerqueiro, Lawrence White, Danilo Masoni, Andrew Mills, Kirsten Donovan, Emelia Organizations: Barclays, Qatar, Reuters, Qatar Investment Authority, Qatar Holding, Thomson Locations: Qatar, Germany, London, Milan, Doha

☆ Investors spy value in cheap Finnish stocks after China and Russia pain
▼ + stars: | 2023-11-29 | by ( Danilo Masoni | ) www.reuters.com time to read: +4 min

Finnish stocks are Europe's biggest laggards this year, as risks stemming from tensions with Russia and concerns over China's stuttering recovery have hurt its exporters. The top 25 stocks in Helsinki are worth a combined $150 billion. The OMX Helsinki 25 (.OMXH25) has lost 10% this year, versus the STOXX 600's (.STOXX) 8% rally. "Finnish stocks are attractively valued and a lot of bad news is priced in," Alava said. "If the European economy recovers in 2024 as I expect, Finnish cyclical stocks should recover too... this could be a good time for long-term investors to increase holdings".

Persons: Finland's, Tomas Hildebrandt, EVLI, Hilderbrant, Hertta Alava, Henrik Ehrnrooth, Schindler, Nordea's Alava, LSEG, Danilo Masoni, Christina Fincher Organizations: OMX Helsinki, STOXX, Nordic, Novo Nordisk, Deutsche Bank, NATO, Russia, Zurich, Otis, Metsa Board, Thomson Locations: Russia, Helsinki, Finland, Europe, China, Ukraine, U.S, French, OMX Helsinki, Alava

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

☆ Siemens Energy shares down 11% as investor day underwhelms
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsMILAN, Nov 21 (Reuters) - Germany's Siemens Energy (ENR1n.DE) shares turned sharply lower on Tuesday to fall as much as 11%, with traders citing profit taking as the company held its capital markets day (CMD). The shares have risen 80% from October's record low after the group said it was in talks with the German government about state guarantees following big setbacks at its wind unit, Siemens Gamesa. On Tuesday, Siemens Energy said Siemens Gamesa plans to cut costs by around 400 million euros ($436.28 million). ($1 = 0.9168 euros)Reporting by Danilo Masoni; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado, Danilo Masoni, Amanda Cooper Organizations: Siemens Energy, REUTERS, Germany's Siemens Energy, CMD, Siemens, Thomson Locations: Frankfurt

Miniatures of windmill and electric pole are seen in front of Siemens Gamesa logo in this illustration taken January 17, 2023. One Frankfurt-based trader said the investor event, where Siemens Gamesa disclosed around 400 million euros in cost cuts by 2026, was bringing "no new insights". At 1610 GMT, shares in Siemens Energy, in which Siemens AG (SIEGn.DE) owns a direct 25.1% stake, were still down 6.3%. Siemens Gamesa will likely cut onshore turbine capacity outside Europe and outsource the production of some components, the division's Chief Executive Jochen Eickholt said, outlining the group's restructuring roadmap. Reuters last month reported that Siemens Gamesa was considering shutting plants and sales offices as well as outsourcing some production.

Persons: Dado Ruvic, Siemens Gamesa, Christian Bruch, Jochen Eickholt, Eickholt, Christoph Steitz, Tom Kaeckenhoff, Danilo Masoni, Madeline Chambers, Miranda Murray, David Evans Organizations: Siemens, REUTERS, Siemens Energy, Siemens Gamesa, Siemens AG, Reuters, Thomson Locations: Europe, FRANKFURT, DUESSELDORF, Frankfurt

☆ Global dividends slide in Q3 as miners drag
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

MILAN, Nov 15 (Reuters) - Global dividends fell 0.9% to $421.9 billion in the third quarter due to lower special dividends and a small number of corporations making large cuts to investor remuneration, a report showed on Wednesday. Janus said total dividends were slightly better than expected in the quarter despite lower one-off special payouts and exchange rate effects. "Special dividends have decreased, reflecting less M&A activity and the disappearance of windfall profits in sectors like mining," he added. The largest cuts to payouts were made by Brazilian oil group Petrobras (PETR4.SA) and Australian miner BHP (BHP.AX). More than half of mining companies reduced their payouts while 89% of companies overall raised their dividends or held them during the period, the report said.

Persons: Janus Henderson, Janus, Ben Lofthouse, Banks, Danilo Masoni, Elaine Hardcastle Organizations: MILAN, Petrobras, PETR4, BHP, Chemicals, China Construction Bank Corp, China Mobile, HK, Thomson Locations: Brazil, Taiwan, Czech, Asia, PetroChina, Europe

☆ World stocks scale 2-month high boosted by rate cuts bets
▼ + stars: | 2023-11-15 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 20, 2023. The British consumer price index rose by 4.6% in the 12 months to October, slowing from September's 6.7% increase, the Office for National Statistics said. He sees a "more complicated" process ahead, where stock market exuberance eventually collides with bond market expectations that an economic slowdown will drive rate cuts. The dollar index , which measures the currency against a basket of peers, stood at 104.17, not far from Tuesday's two-month low of 103.98. Interest rate futures swung to price in an interest rate cut by the U.S. Federal Reserve as early as May, with a 30% chance it could come even sooner, in March.

Persons: May MILAN, Carlo Franchini, Naka, Russell, Joe Biden, Xi Jinping, Sterling, Danilo Masoni, Tom Westbrook, Alex Richardson Organizations: REUTERS, Staff, Bank of England, Banca Ifigest, National Statistics, CPI, Nasdaq, U.S . Federal Reserve, Bloomberg News, Golden, HSBC, Brent, Thomson Locations: Frankfurt, Germany, United States, Europe, Asia, China, Milan, Ukraine, Italy, France, Tokyo, San Francisco, London, CHINA, Pacific, Japan, Hong Kong, Beijing, Shanghai, Singapore

☆ UniCredit CEO Orcel's 'bank of Europe' ambition tough to realise
▼ + stars: | 2023-11-14 | by ( Valentina Za | ) www.reuters.com time to read: +6 min

However, his aspirations to make UniCredit the "bank of Europe" are proving trickier to realise with the CEO setting a high bar for mergers and acquisitions in the euro zone's fractured capital markets, despite having what he describes as the biggest war chest among European lenders. UniCredit bought Greece's 9% stake in Alpha Bank (ACBr.AT) and struck a commercial partnership with the Athens-based lender, also acquiring most of its Romanian operations. The CEO works closely with a small M&A team he set up within UniCredit which constantly reviews potential deals in the markets and businesses where the bank operates, people with knowledge of the matter said. But uneven regulation across the euro zone, where progress towards a single banking market has stalled, complicates cross-border deals. Calling on Europe to follow his lead, Orcel says he has unlocked UniCredit's potential by giving it a unified strategy across its 13 markets.

Persons: Andrea Orcel, Merrill Lynch, Orcel, He's, Cole Smead, ALPHA Orcel, Siena, UniCredit, Smead, Jean, Pierre Mustier's, Mustier, it's, Carlo Franchini, Danilo Masoni, Kirsten Donovan Organizations: Discount, MILAN, UBS, Smead Capital Management, Fund, ALPHA, Banco, Alpha Bank, Alpha, Banca Ifigest, Thomson Locations: buybacks, Europe, Arizona, Ukraine, Athens, HVB, Berlin, Milan

☆ Take Five: That rate cut trade
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsLONDON, Nov 10 (Reuters) - Markets are keen to trade rate cuts and big central banks are pushing back, shining a new light on upcoming data in that tug of war. Traders, anticipating roughly three quarter-point Fed rate cuts next year, will now turn their attention to Tuesday's inflation data to confirm their view on the outlook. A sharper cooling could fan the peak rate talk, fuelled by October's employment report, which pointed to an easing in labor markets. Reuters Graphics Reuters Graphics3/ ONCE BITTENThe robust dollar suddenly appears vulnerable to the push and pull in the market's Fed rate cut bets. The data could also help justify, or challenge, recent remarks from BoE chief economist Huw Pill that mid-2024 could be the time for rate cuts.

Persons: Brendan McDermid, Lewis Krauskopf, Kevin Buckland, Danilo Masoni, Alun John, Dhara, Jerome Powell, Ping, Powell, Rishi Sunak, Sunak, BoE, Huw Pill, Sumanta Sen, Pasit, Riddhima Talwani, Prinz Magtulis, Jayaram, Dhara Ranasinghe, Tomasz Janowski Organizations: New York Stock Exchange, REUTERS, Traders, Reuters, Beijing, Reuters Graphics Reuters, Bank of England, Thomson Locations: New York City, U.S, China, New York, Tokyo, Milan, London, Washington, September's, Germany, Europe, ITALY, Italy

☆ Inside Turkey’s ‘hidden’ ski world
▼ + stars: | 2023-11-09 | by ( Rob Hodgetts | ) edition.cnn.com time to read: +10 min

In winter, moist air from the Black Sea mixes with cold mountain air to produce plentiful powder snow at altitude from January to April. “It was probably my best day’s skiing ever.”Apres ski here is low key, with hot baths, games of table tennis or massages. On bad weather days, alternative activities include skiing from the snowcat, snow shoeing or ski touring. The Kaçkar mountains could soon be on the world ski map, and not just for heli-skiing. “We will be very happy if, one day, there is a ski resort in Ayder,” says Gasser.

Persons: he’d, Thierry Gasser, Gasser, “, Danilo Garin, “ It’s, ”, Oliver Evans, you’ve, You’ve, Evans, they’re, Georg, Yann clambered, Dany, “ You’re, Jeremy Jones, Recep Tayyip Erdoğan Organizations: CNN, heli, Air, Turkish Locations: Swiss, Kyrgyzstan, Turkey, Europe, Russian Caucasus, Uzbekistan, India, Canada, Alaska, Turkey’s, Georgia, Verbier, Ayder, London, Air Zermatt, Switzerland, “, Italy, Istanbul, Rize, Trabzon, Ayder . Swiss, British Columbia, France, Germany, Austria, Sweden, New Zealand, USA, American

West Ham lost 2-1 away to the Greek side a fortnight ago but their win at the London Stadium put them level on nine points with second-placed Freiburg, who crushed bottom side Backa Topola 5-0. "If I was being honest, I don’t think we made enough chances or opportunities and I need to look to see why that was the case," West Ham manager David Moyes said. The West Ham fans then held their breath late on as the visitors nearly equalised when Mady Camara's close-range header struck the post when he should have scored. Marseille secured a second victory with their win in Athens thanks to goals from Chancel Mbemba and Ismaila Sarr. The Italians are unbeaten in Group D on 10 points, three ahead of Sporting who beat 10-man Rakow Czestochowa 2-1.

Persons: Ham United's Lucas Paqueta, Said Benrahma, Emerson Palmieri, Vladimir Coufal, Isabel Infantes, David Moyes, Paqueta, James Ward, Prowse, Mady Camara's, Mbemba, Sarr, Jarell Quansah, Alexis Mac Allister, Klopp, Atalanta, Berat Djimsiti, Pedro Goncalves, Bogdan Racovitan, Danilo Pereira, Todd Cantwell, Janina Nuno Rios, Tommy Lund, Ed Osmond, Ken Ferris Organizations: Soccer, Europa League, Ham United, Olympiacos, London, REUTERS, Olympiakos Piraeus, Olympique de Marseille, AEK Athens, West Ham, Backa, Olympiakos, Marseille, Ligue, Brighton & Hove Albion, Ajax Amsterdam, LIVERPOOL, Liverpool, French, Toulouse, Sturm Graz, Berat, Sporting, Rangers, Sparta Prague, Real Betis, Aris Limassol, Betis, Thomson Locations: London, Britain, Freiburg, Ham, Athens, European, Czestochowa

☆ NBA roundup: Nikola Jokic, Nuggets edge Warriors
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +9 min

Michael Porter Jr. added 17 points while Aaron Gordon finished with 14 points and 11 rebounds for Denver, which swept a four-game homestand. 1 draft pick Victor Wembanyama each had 14 points for the Spurs, who have lost three straight. Brandon Ingram scored 24 points on 11-for-25 shooting and rookie Jordan Hawkins added 14 points for the Pelicans, who lost their third straight game. Bobby Portis had 18 points for the Bucks, and Brook Lopez added 14, including a pivotal 3-pointer in the late going. Scottie Barnes contributed 14 points, 14 rebounds, seven assists and four steals.

Persons: Chris Paul, Nikola Jokic, Isaiah J, Downing, Reggie Jackson, Michael Porter Jr, Aaron Gordon, Stephen Curry, Klay Thompson, Draymond, Gary Payton II, Jamal Murray, Joel Embiid, Tyrese Maxey, Tobias Harris, Kelly Oubre Jr, Kristaps Porzingis, Derrick White, Jayson Tatum, Porzingis, Domantas, Malik Monk, Jerami Grant, Monk, Sabonis, Grayson Allen, Kevin Durant, Jusuf Nurkic, Nurkic, Bradley Beal, Bam Adebayo, Adebayo, Miami's Tyler Herro, Jaren Jackson Jr, Herro, Jackson, Kyle Kuzma, Charlotte, Danilo Gallinari, Delon Wright, LaMelo Ball, Gordon Hayward, Green, Alperen Sengun, Sengun, Anthony Davis, Rui Hachimura, Aaron Nesmith, Myles Turner, Bennedict Mathurin, Tyrese Haliburton, Jordan Clarkson, Lauri Markkanen, Julius Randle, Randle, Jalen Brunson, RJ Barrett, Jeremy Sochan, Malaki Branham, Victor Wembanyama, Wembanyama, Lonnie Walker IV, James Harden, Walker, Cam Thomas, Royce O'Neale, Paul George, Harden, Anthony Edwards, Karl, Anthony Towns, Rudy Gobert, Brandon Ingram, Jordan Hawkins, Damian Lillard, Giannis Antetokounmpo's, Bobby Portis, Brook Lopez, Antetokounmpo, Isaiah Stewart, Cade Cunningham, Marcus Sasser, Pascal Siakam, Dennis Schroder, Scottie Barnes, Luka Doncic, Kyrie Irving, Tim Hardaway Jr, Shai Gilgeous, Alexander, Caris LeVert, Evan Mobley, Donovan Mitchell, Mitchell Organizations: Golden State Warriors, Denver Nuggets, Ball, USA, NBA, Denver, Warriors, 76ers, Celtics, Philadelphia, Boston, Sixers, Milwaukee Bucks, Trail Blazers, Sacramento, The, Blazers, Suns, Bulls, Chicago, Phoenix, Grizzlies, Miami, Los Angeles Lakers, Hornets, Washington, Wizards, Rockets, Lakers, Houston, Angeles, Pacers, Jazz, Utah, Knicks, Spurs, New, San, Nets, Clippers, Brooklyn, Timberwolves, Pelicans, Minnesota, Bucks, Pistons, Milwaukee, Detroit, Raptors, Mavericks, Toronto, Dallas, Cavaliers, Oklahoma City, Thomson Locations: Denver , Colorado, USA, Portland, Durant, Memphis, Los Angeles, Indiana, Indianapolis, New York, San Antonio, Philadelphia, New Orleans, Minneapolis, Cleveland

That has left Italian equities overall more cheaply valued than even battered UK shares (.dMIGB00000PUS), which are trading at a 33% discount to global peers. Goldman Sachs estimates that each 10 bps rise in sovereign spreads takes around 2% off Italian bank shares and 1.5% off the FTSE MIB index. Conflict in Ukraine and in the Middle East meanwhile threaten to spark a fresh surge in energy prices and weaken growth. UniCredit shares are up almost 80% this year and among the best performing euro zone banking shares. Fidelity International portfolio manager Alberto Chiandetti, said he was chasing opportunities in battered industrials and consumer sectors in the FTSE Italia Star index.

Persons: Claudia Greco, Chris Hiorns, Fitch, Goldman Sachs, Giuseppe Sersale, Andrea Scauri, Lemanik, Scauri, LSEG, Alberto Chiandetti, Joice Alves, Danilo Masoni, Dhara Ranasinghe, Toby Chopra Organizations: REUTERS, Companies, LONDON, Barclays, European Commission, FTSE Italia Star, Anthilia, Banco, Fidelity International, FTSE, Thomson Locations: Milan, Silicon, Italy, Companies Italy, MILAN, Germany, Ukraine, iShares, Europe, dei, London

☆ Investors deliver harshest punishment for earnings warnings in 16 years
▼ + stars: | 2023-10-27 | by ( Lucy Raitano | ) www.reuters.com time to read: +4 min

Barclays (BARC.L), a big UK lender, fell as much as 8% after signalling major cost cuts because of weakness on its home turf. Mark Denham, head of European equities at Carmignac, said high quality companies with high valuations tend to be very vulnerable if they miss earnings. According to Kasper Elmgreen, CIO at Nordea Asset Management, the fact that the economy is now starting to slow is one factor behind investors' harsh treatment of earnings disappointments. Amid the volatility, some investors see a buying opportunity in overly punished stocks. It is an example of a highly valued stock being extra punished for the environment," Denham said.

Persons: Morgan Stanley, Angelo Meda, Mark Denham, Denham, Kasper Elmgreen, Elmgreen, Fabio Di Giansante, Carmignac's Denham, Danilo Masoni, Alun John, Joice Alves, Amanda Cooper, Hugh Lawson Organizations: Sanofi, Barclays, Banor SIM, Siemens Energy, Volkswagen, Volvo, Asset Management, Euroland Equity, pharma, Thomson Locations: Milan, Swiss, London

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