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Last year, the industry handed out the biggest awards since 2006 as the economy roared back from the pandemic. It's a head-spinning reversal for dealmakers who racked up record profits for their firms last year and clinched eye-watering payouts for themselves. Compensation for FICC traders will probably rise slightly or stay flat, said Bell at Sheffield Haworth, while stock traders could see a small drop. Worsening economic conditions have already prompted firms including Morgan Stanley (MS.N) and Citigroup Inc (C.N), to trim their workforces. In the United Kingdom, most big firms are discussing and allocating bonuses now, with decisions not usually announced until early next year.

☆ 4 things you didn't know about shooting a Christmas movie in the summer
▼ + stars: | 2022-12-22 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +6 min

Pat Mills is a movie director who's directed his share of made-for-TV Christmas movies. I've directed two made-for-TV Christmas movies — "The Christmas Setup," starring Fran Drescher, which I did in 2020 for Discovery Plus, and "Designing Christmas," starring HGTV host Hilary Farr, which I shot this past spring for Lifetime. When I was offered the first movie, I admittedly I hadn't watched a lot of the Hallmark or Lifetime holiday movies. Here are a few things most people don't realize about how we fake that Christmas feeling when we shoot in the warmer months. Fake snow can be a huge drag on the budget of a made-for-TV movie.

A spokesperson for Deutsche Bahn declined to comment. Schenker, which provides logistics for sea, land and air freight, recently accounted for more than a third of Deutsche Bahn's sales. "The cash flows generated as part of a sale remain entirely within the Deutsche Bahn Group," the proposal document continues. Tough financing conditions could also lead to a decision not to sell, particularly if Deutsche Bahn is not satisfied with price, two sources said. Private equity would struggle to finance such an amount unless Deutsche Bahn decided to part with a minority stake instead, this source added.

☆ There Is Beer at the World Cup—if You Can Find It
▼ + stars: | 2022-12-08 | by ( Stephen Kalin | Donna Abdulaziz | ) www.wsj.com time to read: 1 min

DOHA, Qatar—Duncan Farr, a stockbroker from Scotland, arrived at his five-star hotel here for the World Cup only to learn the establishment was dry. So he set out to build his schedule not only around soccer, but also around finding cold beer. “There’s no spontaneity,” Mr. Farr concedes. By his fourth day in the country, he was downing Stella Artois at the Irish Pub on the 14th floor of a Best Western hotel. “You’ve got to plan it,” he adds.

FRANKFURT, Dec 7 (Reuters) - Private equity firm Advent International has finalised negotiations to purchase Saudi Basic Industries Corporation's (2010.SE) (SABIC) polycarbonate sheets business, two sources familiar with the situation told Reuters. The transaction is an add-on acquisition for Advent's existing portfolio business Roehm, with which it plans to develop a multi-polymer business, one of the sources said. An official announcement regarding the sale of the SABIC business, known as 'functional forms', is expected later on Wednesday, the same source added. Polycarbonate sheets are transparent thermoplastics that absorb minimal moisture, making them resistant to impact damage as well as water damage, flames and chemicals. DSM sold its engineering materials for 3.85 billion euros to Advent and German chemicals company Lanxess, announced late in May.

The answer is simple, according to more than a dozen Washington insiders, FTX employees, and crypto industry observers who spoke with Insider. I don't think anyone believed that he was going to fund candidates who were, quote unquote, committed to ending pandemics who were also hostile to the crypto industry." Alex Wong/Getty ImagesRebuffed by the SEC, Bankman-Fried turned his attention to Congress. "It's not that he was welcoming regulation," says the senior figure in the crypto industry who attended meetings with Bankman-Fried. But while Bankman-Fried was busy wooing Washington, FTX was about to become Exhibit A in the case for more effective oversight of the crypto industry.

☆ The consumer is running out of wallet but they're not running out of attitude, says Hightower's Farr
▼ + stars: | 2022-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer is running out of wallet but they're not running out of attitude, says Hightower's FarrRon Insana, Schroders North America senior advisor, and Michael Farr, Hightower Advisors chief market strategist, join 'Power Lunch' to discuss the details behind Friday's jobs data, how it's impacted the markets and more.

FRANKFURT, Nov 28 (Reuters) - U.S. buyout firm Carlyle Group (CG.O) has raised more than three billion euros ($3.12 billion) for a pan-European technology fund that is taking advantage of "pockets of life" in the economy, the co-heads of Carlyle Europe Technology Partners told Reuters. Carlyle aims to invest in approximately 20-30 companies through the new fund and in most cases will buy a majority stake. It will, however, reserve about 15% of the fund for growth equity transactions, Wand and Lasocki said. The fund will write equity cheques of up to 250 million euros, resulting in deals from between 100 million euros and 500 million euros in enterprise value, they said. Targeting B2B technology businesses in Europe, Carlyle will support portfolio firms with plans to become more international, for example breaking into the U.S. market.

☆ Wales v England clash splits border village down the middle
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

"If you're on the path you're in Wales, if you're in here you're in Shropshire," Jason Farr, owner of The Cross Keys, was quoted as saying in the Daily Telegraph. "When Wales score, people run out, shout and come back," she told the Telegraph. "Then if England score they come and give some abuse and run back. Judging by recent history things might be a little louder in the Cross Keys on Tuesday. England have won the last six meetings between the sides, and the last time Wales tasted victory was in 1984.

☆ Virgin Money reports jump in annual profit
▼ + stars: | 2022-11-21 | by ( Iain Withers | ) www.reuters.com time to read: +1 min

LONDON, Nov 21 (Reuters) - British lender Virgin Money (VMUK.L) reported a 43% increase in full-year profit on Monday, as Bank of England rate rises lifted its finances ahead of a likely prolonged economic downturn. Virgin Money reported pre-tax profit of 595 million pounds ($703 million) for the year to September, up from 417 million pounds the prior year. The country's sixth-largest lender was created through the merger of Virgin Money and rival CYBG in 2018, in a bid to challenge the market dominance of large incumbent high street banks including Lloyds and Barclays. Virgin Money set aside 52 million pounds to cover potential bad loans to reflect the deteriorating outlook, but said there were limited signs of credit concerns so far. "While we have solid credit quality across our lending, we are aware that some customers will have to make difficult decisions in this environment, and we are proactively offering them help and support," Virgin Money CEO David Duffy said.

FRANKFURT/HAMBURG, Nov 18 (Reuters) - German carmaker Volkswagen (VOWG_p.DE) is holding discussions with investors to join its battery division ahead of a possible partial initial public offering (IPO) of the subsidiary, two people familiar with the matter told Reuters. The idea is to bring in investors pre-IPO so Volkswagen can gauge how the division - named PowerCo - might be valued in a potential flotation, the sources said, adding that Volkswagen is working with advisers on a potential deal structure. Volkswagen has set aside 20 billion euros ($21 billion) for investment in its battery cell business, with the PowerCo unit managing its battery production and research from mining to recycling and projects including energy storage systems. Former Volkswagen CEO Herbert Diess floated the idea of a listing in May last year as a means of funding the carmaker's battery expansion plans. Volkswagen's US charging station network Electrify America, in which Siemens (SIEGn.DE) has invested a low three-digit million amount, could serve as a model for investor participation, the second source said.

☆ Alphabet, XLE, and more: CNBC's 'Halftime Report' traders answer your questions
▼ + stars: | 2022-11-17 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet, XLE, and more: CNBC's 'Halftime Report' traders answer your questionsCNBC's Halftime traders Bryn Talkington of Requisite Capital Management, Jim Lebenthal Cerity Partners, and Michael Farr of Farr, Miller & Washington answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the Halftime team.

☆ Alphabet, income plays and more: CNBC's 'Halftime Report' traders answer your stock questions
▼ + stars: | 2022-11-17 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this market volatility, including whether to buy, sell or hold specific names. Bryn Talkington of Requisite Capital Management highlighted reasons why JPMorgan's Equity Premium Income ETF will continue to be a strong defensive strategy in this rising rate environment. Cerity Partners' Jim Lebenthal explained why he likes the Energy Select Sector SPDR Fund ETF as a way to play the oil sector broadly, rather than investing in individual stocks. Finally, Michael Farr of Farr, Miller & Washington talked about why you can hold Microsoft , Apple , Amazon and Alphabet as long term investments.

☆ How to play tech now, with the 'Halftime Report' investment committee
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to play tech now, with the 'Halftime Report' investment committeeThe traders discuss the best way to play tech stocks right now. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Bryn Talkington, Josh Brown, Jim Lebenthal and Michael Farr.

☆ Bullard should probably be doing his private equity firm interviews at this point: Ritholtz's Josh Brown
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBullard should probably be doing his private equity firm interviews at this point: Ritholtz's Josh BrownTrying to determine what the Fed really wants. With CNBC's Scott Wapner and the 'Halftime Report' investment committee Bryn Talkington, Josh Brown, Jim Lebenthal and Michael Farr.

☆ Watch the CNBC 'Halftime Report' investment committee try to figure out the Fed
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch the CNBC 'Halftime Report' investment committee try to figure out the FedTrying to determine what the Fed really wants. With CNBC's Scott Wapner and the 'Halftime Report' investment committee Bryn Talkington, Josh Brown, Jim Lebenthal and Michael Farr. With CNBC's Steve Liesman

☆ The capital spend is no longer reliable for Meta, says Farr, Miller & Washington CEO
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe capital spend is no longer reliable for Meta, says Farr, Miller & Washington CEOMichael Farr, Farr, Miller & Washington CEO, and CNBC's 'Halftime Report' investment committee discuss Farr's position in Meta, the committee's thoughts around Meta and whether the company understands the challenges ahead of them.

The S&P is 10.6% above its Oct. 12 closing low for 2022, though still down 17% for the year. "If you're sitting in cash and the market rallies, you might think you were greedy waiting for a bigger discount." Institutional investors' exposure to stocks was low going into Thursday's inflation report. Last month's fund manager survey from BofA Global Research showed investors' cash levels at their highest since April 2001. Lewis said he had not seen so-called real money – a term for mutual funds, pension funds and other non-leveraged market investors – participating in Thursday's rally, though he saw no evidence of selling from that cohort, either.

At the same time, the pan-European STOXX 600 (.STOXX) was down 0.4% and an index of European oil and gas stocks was down 0.9%. (.SXEP)The IPO, which priced at the bottom of the expected price range, gave an initial valuation of 2.45 billion pounds ($2.83 billion) for the company. The London stock exchange has suffered the worst year on record for UK IPOs as market volatility persists amid the energy crisis and worsening economic forecasts. So far in 2022, global utility and energy IPOs valued at more than $100 million saw an average 19.9% return after one day, compared with negative returns for European utility and energy IPOs and UK IPOs across all sectors, according to Dealogic data. The last oil and gas producer to float on the main London stock exchange was eastern Mediterranean-focused Energean (ENOG.L) in 2018.

☆ With $10.5 million in supergiant seed funding, Caraway launches to bring personalized telehealth to Gen Z women in college
▼ + stars: | 2022-11-09 | by ( Samantha Stokes | Madeline Renbarger | ) www.businessinsider.com time to read: +6 min

Caraway is a healthtech startup for college women that offers mental, physical, and reproductive care. This woman's experience is one example of how Caraway says it is working to provide personalized mental, physical, and reproductive health services via telehealth to Gen Z women in college. Care specialists provide direct education for students on mental health too, such as techniques to de-escalate stress and anxiety flare-ups. Other startups like Mantra Health, which raised a $22 million Series A last year, also focus on mental health for college students. So far, the startup has 13 "Caraway Campus Ambassadors," or interns, on college campuses in the states it's currently operating in.

Inflation expectations are de-anchoring from central bank targets, UniCredit CEE Chief Economist Dan Bucsa said. The situation is less clear in Poland though credit holidays to ease the burden of higher central bank interest rates are remaining heading into 2023. In western Europe, economists and financial markets largely expect price growth in the euro area to fall back to the European Central Bank's 2% target by 2024. "The upcoming general election is likely to stimulate fiscal expansion and, notably, the planned significant increase to the minimum wage from January may indeed spark a more substantial wage growth across the board." According to a Czech central bank survey, companies expect year-on-year inflation to be at 10.3% in one year and at 7.5% in three years, well above the central bank's 2% target.

The trip comes amid rising voices within Scholz's ruling coalition calling for a rethink of Germany's China policy, and growing public concern about Berlin's commercial reliance on the global economic powerhouse. One in two Germans wish that Germany's economy could be more independent from China, a survey published by ARD broadcaster showed on Thursday. China has been Germany's biggest trading partner for the past six years, with volumes reaching over 245 billion euros ($238.9 billion) in 2021. During the trip, where Scholz will meet Xi and prime minister Li Keqiang, the German Chancellor is expected to discuss Russia's war in Ukraine, hoping that China can convince Russia to end hostilities. But Xi expressed his concerns over Ukraine to Russian President Vladimir Putin when the two leaders met in September.

☆ Audi partners with Swiss Sauber for Formula One
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

Sauber has been involved in Formula One since 1993 and currently competes with Ferrari engines, under the name of Alfa Romeo, a Stellantis brand. "Together we want to write the next chapter from 2026," Adam Baker, CEO of Audi Formula Racing said. Sauber Motorsport said in a statement that the team will continue to use Ferrari power units for the next three seasons until the rules change. "Audi is the best strategic partner for the Sauber Group," said Sauber Holding's board chairman Finn Rausing, the Swedish billionaire whose family owns packaging company Tetra Laval. Formula One's next generation of power units will have significantly more electrical power and use 100% sustainable fuels from 2026.

☆ Fresenius CEO signals realignment, confirms call with Elliott - FAZ newspaper
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, Oct 25 (Reuters) - Newly appointed Fresenius CEO Michael Sen said that the company's debt-financed growth strategy cannot continue, in an interview in Frankfurter Allgemeine Zeitung's Wednesday edition. But this model is no longer viable," Sen said, laying out his realignment of the firm following his appointment on Oct. 1. Regarding Elliott Investment Management's stake in the company announced last week, Sen said: "We have already been in contact with Elliott." Fresenius management will include the opinion of investors regarding the future of the company in its considerations, he said, adding that no banks had been mandated for the sale of its hospital operator Helios. Reporting by Emma-Victoria Farr, editing byOur Standards: The Thomson Reuters Trust Principles.

FRANKFURT/LONDON, Oct 20 (Reuters) - Morgan Stanley's infrastructure investment arm is weighing a sale of a 40% stake in German wind and solar power project developer PNE AG (PNEGn.DE) after being approached by potential suitors, three people familiar with the matter said. PNE confirmed on Thursday that Morgan Stanley and Photon Management intend to enter into open-ended preliminary talks with potential interested parties regarding Photon's stake in PNE. Photon, which is controlled by Morgan Stanley, is PNE's largest shareholder. Morgan Stanley Infrastructure Partners (MSIP) acquired the PNE stake following a failed takeover attempt in 2020. Buying the whole stake would trigger a mandatory takeover bid for all of PNE under German stock market rules.

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