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☆ The Next Michael Phelps May Be a 20-Year-Old Frenchman
▼ + stars: | 2023-03-26 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

While much of the sports world was watching the NCAA basketball tournament looking for the next hoops phenoms, the next Michael Phelps may have emerged at the NCAA swimming championships last week. And he’s a 20-year-old Frenchman named Léon Marchand. Swimming is quick to anoint every multi-talented swimmer as the heir to the retired Phelps, who won 28 Olympic medals, but Marchand may finally be the one who deserves the hype.

☆ In praise of American finance’s regulatory mess
▼ + stars: | 2023-03-09 | by ( John Foley | ) www.reuters.com time to read: +8 min

NEW YORK, March 9 (Reuters Breakingviews) - There are many issues on which China and the United States are far apart. The People’s Republic this week proposed combining financial regulatory functions into a new super watchdog to govern its financial sector more effectively. China’s proposed new National Financial Regulatory Administration is roughly in this mold. Since 2008, officials in Beijing have criticized the United States’ financial excesses and its “warped conception” of financial discipline. The new National Financial Regulatory Administration would sit directly under the State Council, which serves as China’s cabinet.

☆ Here are Monday's biggest analyst calls of the day: Apple, Tesla, Nio, Ferrari, Merck, Nvidia & more
▼ + stars: | 2023-03-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: JPMorgan reiterates Amazon as a best idea JPMorgan says it's standing by its overweight rating on the stock. " Jefferies reiterates Tesla as buy Jefferies raised its price target on the stock to $230 per share from $180 and says it's standing by its buy rating. JPMorgan upgrades Vir Biotechnology to overweight from neutral JPMorgan said it likes the biotech company's product pipeline. JPMorgan reiterates General Electric as neutral After a change in analyst coverage, JPMorgan said GE's transformation continues but there's still more "work to do." Jefferies initiates Merck as buy Jefferies initiated the pharmaceutical company with a buy and said it has room for growth.

☆ Holy oil for King Charles' coronation consecrated in Jerusalem
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +2 min

[1/5] Greek Orthodox Patriarch of Jerusalem Theophilos III mixes the oils from the Mount of Olives to make Chrism Oil, which will be used in the coronation of Britain's King Charles on May 6, in Jerusalem, March 3, 2023. Patriarchate of Jerusalem/Buckingham Palace/Handout via REUTERSLONDON, March 3 (Reuters) - The sacred oil which will be used to anoint King Charles at his coronation in May has been consecrated in Jerusalem, reflecting the British monarch's links to the Holy Land, Buckingham Palace said on Friday. His Beatitude Theophilos III, the Greek Orthodox Patriarch of Jerusalem, and the city's Anglican Archbishop Hosam Naoum consecrated the Chrism oil in The Church of the Holy Sepulchre, the palace said. Traditionally, the oil is poured from an amplulla onto the Coronation Spoon and then the sovereign is anointed on their hands, breast and head. "This demonstrates the deep historic link between the coronation, the Bible and the Holy Land," said Welby, the spiritual head of the Anglican Church.

In 2016, New Hampshire Republicans lifted Donald Trump’s candidacy after he lost in Iowa, becoming the first state to embrace the future president. Chris SununuWhile Trump is considered the early favorite, the doubters, naysayers and haters in the New Hampshire Republican Party could steer him off course. “Just fill in the blanks.”Sununu argued that New Hampshire Republicans are tired of drama and are ready for a new face. New Hampshire Republicans are reeling from the losses in November. I do not think it’s a foregone conclusion,” said New Hampshire Republican Mike Dennehy, a onetime adviser to the late presidential candidate Sen. John McCain.

☆ Analysis: In male-dominated North Korea, leadership prospects of Kim Jong Un's daughter are uncertain
▼ + stars: | 2022-11-22 | by ( Josh Smith | ) www.reuters.com time to read: +6 min

Chun Su-jin, the South Korean author of a book on North Korean women leaders, said the chance of North Korean elites welcoming Kim's daughter as ruler is close to zero. “That gives ample time for North Korea's political culture to change and create the conditions for a female successor,” Madden said. The increased participation of North Korean women in elite politics does not necessarily indicate change to the broader social or political systems, 38 North said in a 2020 report. North Korea is deeply isolated from world geopolitics and is under UN sanctions for its weapons programmes, which include nuclear bombs. "In North Korea, gender is still important to be a leader," said Hyun In-ae, a North Korean defector who now works at the Ewha Institute of Unification Studies in Seoul.

☆ SoftBank loses most from UK e-commerce flop
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 18 (Reuters Breakingviews) - SoftBank Group (9984.T) is seeing the ugly side of the beauty business. The Japanese technology investor on Monday said it had agreed to sell its stake in UK e-commerce group THG (THG.L) for a mere $35 million, compared with an acquisition price in 2021 of more than $540 million. SoftBank was an eager supporter of the one-time tech darling. Investors once thought SoftBank and Son could effectively anoint sector winners by offering them seemingly limitless funding. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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