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We retired early 14 years ago and moved abroad because the US was too expensive. We set our sights on Cuenca, Ecuador, which has moderate weather and is super walkable. Our cost of living is much lower now and we love living here. We can walk everywhereWalkability was huge on our retirement wish list, and Cuenca has been a dream. Cuenca's weather is fantasticAnother feature high on our retirement wish list was a temperate climate.
Persons: , Cynthia Staton, We've Organizations: Service, Social Locations: Cuenca, Ecuador, Las Vegas
The information for the following product(s) has been collected independently by Business Insider: Citi Strata Premier℠ Card, Citi Prestige® Card, Citi Rewards+® Card, Citi® Double Cash Card, Citi Custom Cash℠ Card, AT&T Points Plus® Card. Good Citi Airline Transfer PartnersSome Citi airline transfer partners can provide decent value, but only in certain situations. Citi Airline Transfer Partners That Aren't Great ValueThe rest of the Citi ThankYou airline transfer partners are generally not worth considering, except for extremely niche redemptions. Otherwise, with the Citi Rewards+® Card, Citi ThankYou® Preferred Card, and Citi® Double Cash Card, the ratio is 5:4 (1,000 Citi ThankYou points = 800 Wyndham points). Other Rewards ProgramsIn addition to airline and hotel transfer partners, Citi ThankYou has one retail transfer partner.
Persons: Wyndham, Hilton, Lifemiles, Avianca, Eva, it's, It's, Accor, you'll, Howard Johnson, Travelodge —, you've, nonrefundable — Organizations: Business Insider, Citi, Premier, Card, Citi Prestige, Wyndham Rewards, JetBlue, Air France, KLM, Singapore Airlines, Cathay Pacific, Citi Transfer, Citi Strata Premier, Citi Prestige ®, Partners, Turkish Airlines Miles, Turkish, Star Alliance, Miles, United Airlines, United, Blue Air France, Singapore Airlines KrisFlyer Singapore Airlines, Air, Lufthansa, Alaska Airlines, KrisFlyer, Virgin Atlantic Flying, Virgin, Delta, Flying, Ethiopian Airlines, Good Citi, Transfer Partners, Etihad Guest Etihad, Czech Airways, Etihad, Royal Air Maroc, Cathay, Cathay Pacific Asia Miles Cathay, Oneworld, American Airlines, British Airways, Qantas Frequent Flyer, Qantas, Transfer, Aeromexico, Premier Aeromexico, Emirates Skywards, Emirates, Qatar Airways Privilege, Gulf, American, Qatar Airways . Thai Airways Royal Orchid Plus Thai Airways, Raffles, Citi Premier, Prestige, Choice, Comfort, Radisson Hotels, Radisson, Wyndham, Vacasa, Sears, CitiTravel.com, EV, Aeromexico Club Premier Air France, Cathay Pacific Asia, JetBlue TrueBlue Qantas Frequent Flyer Qatar Airways Privilege Club Singapore Airlines KrisFlyer Thai Airways Royal Orchid Plus Turkish Airlines Miles, Smiles, Atlantic Flying Club Wyndham Rewards, Locations: Hawaii, Europe, Air Canada, Singapore, Delta, Prague, Seoul, New York, JFK, Casablanca, Cathay Pacific Asia, Los Angeles, Hong Kong, Cathay Pacific, Emirates, Qatar, Fairmont, Sofitel, Clarion , Cambria, Canada, Caribbean, America, Chevron
The information for the following product(s) has been collected independently by Business Insider: American Express® Green Card, Amex EveryDay® Credit Card, Amex EveryDay® Preferred Credit Card, Hilton Honors American Express Aspire Card, Marriott Bonvoy Boundless® Credit Card. History and overview of the Amex Membership Rewards programThe Amex Membership Rewards program debuted way back in 1991 with just seven U.S. airline partners. In this comprehensive guide, we'll show you how to transfer American Express points for travel, and teach you our best tips for maximizing value for Amex Membership Rewards transfers. We'll also walk you through Amex points transfer ratios and policies, point out the best Amex airline transfer partners, and walk you through transferring Amex points to hotel loyalty programs. The best cards for earning American Express Membership RewardsThe Platinum Card® from American Express Apply now lock icon An icon in the shape of lock.
Persons: Hilton, Chase, We'll, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you've, Marriott, Asia Miles, Air Canada Aeroplan Air Canada Aeroplan, Aeroplan, that's, it's, you'll, we've, Avianca, Conrad, It's Organizations: Business, Hilton Honors, Marriott, Strategic, Delta, Air Canada, Read, Citi, American Express, American, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Airline, Aer Lingus, Aeromexico Club, Air Canada Aeroplan Air France, KLM Flying Blue ANA, Avianca, British Airways Executive Club Cathay, Asia Miles Delta, Emirates Skywards Etihad Airways, Program, Airlines, Iberia, JetBlue, Qantas Frequent Flyer Singapore Airlines, Virgin Atlantic Flying Club, Air Canada Aeroplan Air Canada, Star Alliance, Lufthansa, SWISS, ANA, France, KLM, Blue, Air France, Kenya Airways, TAROM, Korean Air, All Nippon Airways, SAS, TAP Portugal, British Airways Executive, British Airways, American Airlines, Alaska Airlines, Cathay, Qantas, JAL, British Airways Executive Club, Europe . Cathay, American Airlines AAdvantage, Qatar Airways, JFK, Virgin, Etihad, Air New Zealand, Royal Air Maroc, Etihad Guest . Singapore Airlines KrisFlyer Singapore Airlines, North, United, Air, Singapore Airlines, Virgin Atlantic Flying Club Virgin Atlantic Flying, Virgin Atlantic, Aeromexico, Club, Avianca's Star Alliance, Emirates Skywards, Hawaiian Airlines, Qantas Frequent, Diamond, Hilton Resorts, Waldorf Locations: Hulu, Asia, North America, Atlantic, Pacific, South America, Vancouver, Seattle, Tokyo Haneda, Europe, West Coast, Canada, Hawaii, Newark, Cape Town, Johannesburg, Australia, Miami, Dallas, Caribbean, Los Angeles, San Francisco, Tokyo, Boston, Dublin, Iberia, Europe . Cathay Pacific Asia, Hong Kong, Alaska, Amex, Doha, Chicago , New York, Philadelphia, Delta, SkyTeam, Morocco, Abu Dhabi, Air Canada, Singapore, New York, JFK, Frankfurt, Japan, Emirates
It's a more aggressive approach than many investors employ, because being a short seller is infinitely more risky than buying shares. But when you short, the potential loss is unlimited because there's no guarantee a stock's price will fall; it could instead rally to extreme highs. These variables include low institutional ownership, low cash reserves, and market caps smaller than $250 million, among other characteristics that could signal a vulnerable stock. Uber (UBER) is another stock he really likes, although he allocates less toward it because it's a newer company. But everywhere I go, there's Uber.
Persons: David Capablanca, Capablanca, there's Uber Organizations: Service, Business, Trust, Nasdaq, Capablanca, Apple Locations: Argentina, Galapagos, Columbia, Italy, India
Enter a pocket-sized red book known as the Michelin Guide. As a result, more French people had a desire to tour the country, making the Michelin Guide increasingly essential. The Michelin Guide now covers over 30,000 restaurants across three continents and more than 30 million guides have been sold. Addison is one of 13 three-star Michelin restaurants in the US and the only one in all of Southern California. A Michelin logo on a chef's uniform at the gala presentation of the Michelin Guide Spain on December 14, 2021.
Persons: André, Édouard Michelin, André Michelin, Édouard, Olivier Darmon, Guenter, ” Darmon, Darmon, ” William Bradley, Addison, William Bradley, Lauren di Matteo Addison, Bradley, ” Bradley, , Roberto Alcocer, Christophe Bellanca, Christophe, Jordan Younis, Liz Clayman, Christophe Bellanca’s, they’re, Gwendal Poullennec, Richard Saker, Christophe Bellanca's, Alan Batt, ” Poullennec, Taylor Swift’s, Jorge Gil, Carbone, Jay, Kim Kardashian, Barack Obama, It’s, didn’t, Kevin Thornton’s, ” Thornton, Thornton, Michelin “, Bobby Yip, don’t, ’ ”, Alcocer, He’s, ” Bellanca Organizations: New, New York CNN, Michelin, Ferrand, Michelin Tire Company, Compagnie, des, Culture, AAA, CNN, Washington Post, Bellanca, Michelin Guides, Spain, Europa Press, Major Food Group, Irish Times, Conted, Reuters Locations: New York, Clermont, Paris, France, Europe, United States, San Diego, Southern California, Addison, Valle, Mexican, Oceanside, Oceanside , California, New York City, Cartmel, Cumbria, England, Kevin Thornton’s Dublin
And these short sellers pile up on top of each other with their biased opinions," Capablanca said. But because of the increased number of short sellers, a stock can blow past that and remain elevated over multiple days. So even if the market seems dead, nothing is there to trade, they will force a trade," Capablanca said. This rule helped him avoid Vivos Therapeutics (VVOS), a stock that many short sellers he knew tried to short. Such an outcome could lead to a continued elevated price, driving short sellers out for weeks, he said.
Persons: David Capablanca, lockdowns, Capablanca, it's, POL Organizations: Capablanca, Guardian, Yahoo, Traders, Therapeutics, Yahoo Finance, shorting C4 Therapeutics
Read previewTracing a ringleader's frequent-flyer miles helped investigators crack an international money-laundering scheme, The Wall Street Journal reported. More than £104 million, or about $131 million, in cash was smuggled from London to Dubai in 83 trips, the UK's National Crime Agency said. AdvertisementThe NCA said Mehdi Amrollahbibiyouki checked in 12 suitcases containing £4.3 million over three trips to Dubai in February and March 2020. And Ali Al-Nawab took nine suitcases containing £3.2 million across two trips. AdvertisementAuthorities said the Emirates Skywards miles helped them trace the operation, the Journal reported.
Persons: , Mehdi Amrollahbibiyouki, Ali Al, Abdullah Alfalasi, Ian Truby, NCA's, Al Organizations: Service, Street Journal, Business, Crime Agency, NCA, Emirates, Authorities Locations: London, Dubai, Amrollahbibiyouki, Al
That year, he had also taken up an interest in stock trading. Increased accuracy on VWAPThe volume-weighted average price (VWAP) is a chart line that tracks the average price traders paid for a stock. If a stock's price is too far above the VWAP, it signals that it's overbought, and vice versa. But as more short sellers chase the stock's price down, it can get overcrowded, he noted. Pop Culture Group (CPOP) stock's trading was halted on October 31 after the stock rallied quickly.
Persons: David Capablanca, Capablanca, TraderSync, David Olivares, Olivares, He's Organizations: University of California, pharma, Capablanca, Interactive, Traders, Reviva Pharmaceuticals Holdings, shorting, InMed Pharmaceuticals, Culture Locations: Los Angeles
Mediobanca CEO Alberto Nagel poses for a photograph in the occasion of a news conference to present Mediobanca's new business plan in Milan, Italy, November 12, 2019. Under Nagel, Mediobanca has moved away from its historic role as a financial holding company and boosted its wealth management and consumer credit operations, also through acquisitions. But his strategy had come in for criticism, initially from the late Leonardo Del Vecchio, whose holding company Delfin has a 19.7% stake in Mediobanca. The Delfin list took 32% of the total capital in the vote. A small group of institutional investors who had filed a third list took the remaining seat.
Persons: Alberto Nagel, Flavio Lo Scalzo, Delfin, Nagel, Pagliaro, Mediobanca, Leonardo Del Vecchio, Renato Pagliaro, Del Vecchio's, Francesco Milleri, Delfin's, Gianluca Semeraro, Keith Weir Organizations: REUTERS, Companies, MILAN, Thomson Locations: Milan, Italy, Mediobanca, Generali
Mediobanca posts record profit ahead of vote on new board
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +1 min
A logo of Mediobanca is pictured at Mediobanca headquarters in Milan, Italy, November 12, 2019. REUTERS/Flavio Lo Scalzo/File Photo Acquire Licensing RightsMILAN, Oct 26 (Reuters) - Mediobanca (MDBI.MI) posted its best-ever quarterly profit on Thursday, ahead of a key shareholder vote to name the Italian bank's new board and hand Chief Executive Alberto Nagel a new three-year mandate. Net profit rose 34% year-on-year to 351 million euros ($370 million) in the three months through September, beating a bank-provided analyst consensus of 315 million euros, thanks to contributions from wealth management and insurance. Del Vecchio, who died last year at the age of 87, had criticised Nagel for failing to grow the investment bank's business decisively and hampering expansion at insurer Generali (GASI.MI), in which Mediobanca is the main shareholder. ($1 = 0.9489 euros)Reporting by Gianluca Semeraro; editing by Alvise Armellini and Valentina ZaOur Standards: The Thomson Reuters Trust Principles.
Persons: Flavio Lo Scalzo, Alberto Nagel, Revenues, Mediobanca, Delfin, Leonardo Del Vecchio, Del Vecchio, Nagel, Gianluca Semeraro, Alvise Armellini, Valentina Za Organizations: REUTERS, Thomson Locations: Milan, Italy, Italian, Del
Beyonca's GT Opus 1 concept car is unveiled during an event at the electric vehicle (EV) start-up's headquarters in Beijing, China October 30, 2022. REUTERS/Florence Lo/File Photo Acquire Licensing RightsBEIJING, Oct 23 (Reuters) - Electric vehicle brand Beyonca, backed by Renault (RENA.PA) and Dongfeng Motor (0489.HK), said on Monday that it signed an investment agreement with Riyadh-based Al Faisaliah Group Holding Company. At the signing ceremony at Dongfeng Motor's headquarters in the central Chinese city of Wuhan, Beyonca also inked a strategic cooperation deal with QG FZE-LLC regarding investment opportunities in the Middle East, according to the EV brand. Reporting by Beijing newsroom; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: Florence, Beyonca, QG, Jamie Freed Organizations: REUTERS, Rights, Renault, HK, Al, Group Holding, Beijing, Thomson Locations: Beijing, China, Rights BEIJING, Riyadh, Wuhan
MILAN, Oct 19 (Reuters) - The U.S. funds CalSTRS and New York City Comptroller said on Thursday they would vote in favour of the outgoing board's slate of nominees for the new Mediobanca board at the bank's annual meeting this month. Mediobanca's outgoing board has proposed 15 members, including a new term for current CEO Alberto Nagel and Chairman Renato Pagliaro ahead of the Oct. 28 meeting. The two funds did not disclose their stakes in Mediobanca. Proxy adviser Institutional Shareholder Services (ISS), Glass Lewis and Pensions & Investment Research Consultants (PIRC) said last week they were recommending Mediobanca investors vote in favour of the outgoing board's slate of nominees. Reporting by Gianluca Semeraro editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.
Persons: Alberto Nagel, Renato Pagliaro, Delfin, Leonardo Del Vecchio, Nagel, Del Vecchio, Glass Lewis, Gianluca Semeraro, Keith Weir Organizations: MILAN, New York, Services, Pensions & Investment Research Consultants, Thomson Locations: U.S, New, Mediobanca, Italian
MILAN, Oct 13 (Reuters) - Proxy adviser Glass Lewis said on Friday it was recommending that investors in Italian bank Mediobanca (MDBI.MI) vote in favour of the outgoing board's slate of nominees for the new board. The board is elected for a three-year term, and the current one expires on Oct. 28, when Mediobanca shareholders will vote on its renewal, including the chief executive. Mediobanca's outgoing board has proposed 15 members, including a new term for current CEO Alberto Nagel and Chairman Renato Pagliaro. On Wednesday, proxy adviser Institutional Shareholder Services (ISS) said it was recommending that Mediobanca investors vote in favour of the outgoing board's slate of nominees. Reporting by Gianluca Semeraro; editing by Gavin Jones and Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Glass Lewis, Alberto Nagel, Renato Pagliaro, Delfin, Leonardo Del Vecchio, Nagel, Del Vecchio, Gianluca Semeraro, Gavin Jones, Kirsten Donovan Organizations: MILAN, Services, Thomson Locations: Italian
MILAN, Oct 11 (Reuters) - Proxy adviser Institutional Shareholder Services (ISS) said on Wednesday it was recommending that Mediobanca (MDBI.MI) investors vote in favour of the outgoing board's slate of nominees for the Italian bank's new board. The bank's board is elected for a three-year term and the current term expires on Oct. 28, when Mediobanca shareholders will vote on the renewal of the board, including the chief executive. Mediobanca's outgoing board has proposed 15 members for the full board, including a new term for current CEO Alberto Nagel and Chairman Renato Pagliaro. Mediobanca's outgoing board's slate of nominees "is adequately positioned to represent the long-term interests of institutional investors and carry out an effective oversight of the management's action", ISS said in a report. The current board has the support of a group of Italian investors, representing a combined 10.9% stake.
Persons: Alberto Nagel, Renato Pagliaro, Delfin, Leonardo Del Vecchio, Nagel, Del Vecchio, Francesco Gaetano Caltagirone, Gianluca Semeraro, Leslie Adler Organizations: MILAN, Services, Thomson Locations: Italian
MILAN, Sept 25 (Reuters) - A group of Italian investors with a combined 10.9% stake in Mediobanca (MDBI.MI) will vote to give Chief Executive Alberto Nagel a new term at a shareholders' meeting on Oct. 28, one of the group's members said on Monday. The bank's board is elected for a three-year term and the current term expires on Oct. 28 when Mediobanca shareholders will vote on renewing the board, including the CEO. The group of investors, who in 2018 signed a consultation agreement on the most important issues regarding the bank, met on Monday. Another member of the group, who did not wish to be identified, said all members of the group would vote to keep Nagel as CEO. Nagel has so far enjoyed the support of institutional investors who collectively account for 45% of the bank's capital.
Persons: Alberto Nagel, Nagel, Del, Delfin, Francesco Gaetano Caltagirone, Mediobanca's, Renato Pagliaro, Angelo Caso, Pagliaro, Gianluca Semeraro, Susan Fenton Organizations: Banca Mediolanum, Delfin, Thomson Locations: Mediobanca
Metropolitan Police/Handout via REUTERS Acquire Licensing RightsLONDON, Sept 22 (Reuters) - A British businessman at the centre of a money-laundering investigation was jailed on Friday for more than eight years for targeting two lawyers with fake bombs in the heart of London's legal district. Prosecutors said Nuttall orchestrated the plot with his driver Michael Sode, 59, and former soldier Michael Broddle, 47, who planted devices which were designed to look like genuine explosives. Broddle had previously conducted a six-month surveillance operation against Sutcliffe, Jeavons and their families, she said. Nuttall and Sode were both convicted of two counts of conspiracy to plant the devices and conspiracy to transfer criminal property, relating to payments made to Broddle. Broddle had previously pleaded guilty to two counts of conspiracy to plant the devices and two counts of possession of an explosive substance.
Persons: Jonathan Nuttall, Prosecutors, Nuttall, Michael Sode, Michael Broddle, Andrew Sutcliffe, Anne Jeavons, Broddle, Sutcliffe, Jeavons, , Catherine Farrelly, Sode, Bailey, Simon Mayo, Farrelly, Sam Tobin, Mark Heinrich Our Organizations: Metropolitan Police, Handout, REUTERS Acquire, Britain's, Crime Agency, NCA, Court, London's, Thomson Locations: Gray's, British, London, Bailey
The exterior of the Avianca administrative office is pictured, as officers from Colombia's attorney general's office conduct a raid inside, in Bogota, Colombia February 12, 2020. REUTERS/Luisa Gonzalez/File Photo Acquire Licensing RightsBOGOTA, Sept 7 (Reuters) - Colombia's flag-carrier airline Avianca will invest $473 million to grow its fleet by 16 aircraft as it looks to increase the number of routes on offer, Chief Executive Adrian Neuhauser said on Thursday. Avianca will lease 14 Airbus A320 NEO planes and two A320 CEO planes to push its daily flights on domestic routes up by almost 25%, from 600 to 750. Neuhaser during a press conference in Colombia's Bogota called the increase of almost 1 million weekly seats "unprecedented growth" in the airline's history. The 16 planes will join Avianca's fleet between October and the end of December, the executive said.
Persons: general's, Luisa Gonzalez, Adrian Neuhauser, Avianca, Neuhaser, Luis Jaime Acosta, Oliver Griffin, Mark Porter Organizations: REUTERS, Rights, Viva Air, Thomson Locations: Bogota, Colombia, Rights BOGOTA, Colombia's Bogota, Avianca's, Colombian
Nigeria's Petroleum Minister Diezani Alison-Madueke (C) attends the flag-off for Nigeria's President Goodluck Jonathan's campaign for a second term in office, in Lagos January 8, 2015. REUTERS/Akintunde Akinleye/File Photo Acquire Licensing RightsSummary Ex-minister was arrested in London in 2015Police allege lavish lifestyle came from corruptionAssets frozen in UK, seized in U.S., NigeriaLONDON, Aug 22 (Reuters) - British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences, saying they suspected she had accepted bribes in return for awarding multi-million pound oil and gas contracts. Alison-Madueke, 63, served as petroleum minister from 2010 to 2015, under former President Goodluck Jonathan. A London lawyer who was acting for her in 2015 did not immediately respond to a request for comment. News of the British charges comes a month after a London court ordered the confiscation of $130 million from a former Nigerian oil state governor, James Ibori, in an unrelated but equally high-profile case involving political corruption in Nigeria.
Persons: Diezani Alison, Goodluck Jonathan's, Akintunde, Alison, Madueke, Goodluck Jonathan, Andy Kelly, St John’s Wood, Cartier, Louis Vuitton, James Ibori, Michael Holden, Estelle Shirbon, Giles Elgood Organizations: Nigeria's Petroleum, Nigeria's, REUTERS, Police, Nigeria LONDON, British, Organization of, Petroleum, NCA, Westminster Magistrates, Louis, U.S . Department of Justice, Thomson Locations: Lagos, London, U.S, Nigeria, Africa's, Britain, United States, St John’s, Westminster
Russian billionaire Mikhail Fridman said a UK police warrant to search his home was unlawfully obtained, per Reuters. He wants to overturn the warrant which he said was obtained based on allegations from a 2007 report. Back in December, the UK National Crime Agency, or NCA, searched Fridman's multi-million dollar home over several allegations — including conspiracy to evade UK sanctions and money laundering — per Reuters. Cathryn McGahey, the NCA's lawyer, said in court filings the UK government agency admitted its raid on Fridman's house was "unlawful," per Reuters. An NCA spokesperson told Insider that it accepted that the search warrant contained technical errors.
Persons: Mikhail Fridman, Fridman, Hugo Keith, Cathryn McGahey, Keith Organizations: Reuters, Service, London's, National Crime Agency, European Union, Alfa Group, WikiLeaks, Merriam, Webster, NCA, Agency Locations: Wall, Silicon, Russian, London, Russia, Ukraine, Russia's
MILAN, July 24 (Reuters) - Mediobanca (MDBI.MI) will partner with London-based Founders Factory, an early-stage investor in new businesses, to promote fintech start-ups, the two companies said, as the Italian bank works to grow its international and tech footprint. Mediobanca will invest 12 million euros ($13 million) in a joint venture with Founders Factory with a view to building up 35 fintech ventures over the next five years. Founders Factory has invested so far in more than 300 tech companies, including nearly 50 financial technology ventures. "The (Mediobanca-Founders Factory) venture studio will build, finance and launch new fintech ventures that utilise advanced technologies, such as blockchain and artificial intelligence, to innovate the financial services market", the companies said. ($1 = 0.9029 euros)Reporting by Elvira Pollina; editing by Valentina Za and Gavin JonesOur Standards: The Thomson Reuters Trust Principles.
Persons: Alberto Nagel, Mediobanca, Nagel, Elvira Pollina, Valentina Za, Gavin Jones Organizations: MILAN, Factory, fintech, Founders Factory, Arma Partners, Thomson Locations: London, Acre
These signals are data points that indicate things like share price and trading volume, to name a few. He has a checklist of variables that he looks for before deciding to short a stock. He's also able to shop around for the best locate fee, or a flat per-share fee to borrow shares to short sell. This indicates the price point where many traders purchased shares before the price plunged, leaving them stuck holding the shares. This price point could indicate a resistance line and a possible area to short the stock, he said.
Persons: David Capablanca, TraderSync, David Olivares, Olivares, Capablanca, He's, VWAP David Capablanca, it's, I'm Organizations: Capablanca's, Interactive, Capablanca, Growth Corp, Insider
But as he continued researching online, he came across the idea of stock trading. He noted that when you sell a stock short, your gain is limited to the value of the stock. However, your loss is unlimited, depending on how high a stock's price could rally. Since the stock's price was below $2, he waited for a reversal for confirmation. The short interest rate could indicate how many traders are trying to short a stock.
Persons: David Capablanca, didn't, it's, Capablanca, Timothy Sykes, Sykes, he'd, TraderSync, David Olivares, Olivares, isn't, Norman Zadeh, Jim Chanos, John Paulson, Zadeh, CISO Organizations: University of Florida, University of California, Millionaire, Capablanca's, Interactive, United States, Capablanca, Super League, Gamestop, Twitter Locations: Los Angeles
First Citizens ' acquisition of Silicon Valley Bank will be fruitful for the bank's stock, according to Atlantic Equities. Atlantic Equities' forecast implies nearly 50% upside from Tuesday's close of $1,183.76. FCNCA YTD mountain First Citizen's stock has climbed more than 56% this year. Analyst John Heagerty highlighted the acquisition of Silicon Valley bank as a potential catalyst for the stock's growth, and noted the purchase "provides clear scale benefits and geographic diversification." "The SVB acquisition has transformed FCNCA's operations both in terms of the strategic benefits and the financial upside," he noted.
Persons: BancShares, John Heagerty, Heagerty, — CNBC's Michael Bloom Organizations: Bank, First Locations: Silicon, 2Q23E
Steven Schwartz, who used ChatGPT to write a legal brief, is pictured outside federal court in Manhattan on Thursday, June 8, 2023, in New York. A New York federal judge on Thursday sanctioned lawyers who submitted a legal brief written by the artificial intelligence tool ChatGPT, which included citations of non-existent court opinions and fake quotes. But Castel said the lawyers exhibited "bad faith" by making false and misleading statements about the brief and its contents after Avianca's lawyers raised concerns that the legal citations in the brief were from court cases did not exist. "In researching and drafting court submissions, good lawyers appropriately obtain assistance from junior lawyers, law students, contract lawyers, legal encyclopedias and databases such as Westlaw and LexisNexis," Castel wrote in his order. "Technological advances are commonplace and there is nothing inherently improper about using a reliable artificial intelligence tool for assistance," Castel wrote.
Persons: Steven Schwartz, Judge P, Kevin Castel, Peter LoDuca, Castel, Schwartz, Levidow, Roberto Mata, Mata's Organizations: New, Montreal Convention, LexisNexis Locations: Manhattan, New York, U.S, El Salvador, Montreal
NEW YORK, June 22 (Reuters) - A U.S. judge on Thursday imposed sanctions on two New York lawyers who submitted a legal brief that included six fictitious case citations generated by an artificial intelligence chatbot, ChatGPT. U.S. District Judge P. Kevin Castel in Manhattan ordered lawyers Steven Schwartz, Peter LoDuca and their law firm Levidow, Levidow & Oberman to pay a $5,000 fine in total. Levidow, Levidow & Oberman said in a statement on Thursday that its lawyers "respectfully" disagreed with the court that they acted in bad faith. Lawyers for Avianca first alerted the court in March that they could not locate some cases cited in the brief. His order also said the lawyers must notify the judges, all of them real, who were identified as authors of the fake cases of the sanction.
Persons: District Judge P, Kevin Castel, Steven Schwartz, Peter LoDuca, Levidow, Oberman, Schwartz, LoDuca, Avianca, Bart Banino, Sara Merken, Leigh Jones, Jamie Freed Organizations: YORK, District Judge, Colombian, Avianca, Thomson, & $ Locations: U.S, York, ChatGPT . U.S, Manhattan
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