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☆ Italian farmer battles frost, floods, heat and hail in epic year
▼ + stars: | 2023-07-20 | by ( Claudia Greco | ) www.reuters.com time to read: +3 min

[1/5] A farmer stands next to a greenhouse in a field covered with cracked solidified mud, in the aftermath of deadly floods in Emilia-Romagna, in Forli, Italy June 1, 2023. REUTERS/Claudia Greco/File PhotoFORLI, Italy, July 20 (Reuters) - Farmer Andrea Ferrini is on the frontline of climate change in Italy and it is hurting. The following month, rains and floods swept the region, killing 15 people, causing billions of euros' worth of damage and hitting agriculture particularly hard. According to the Coldiretti agricultural association, more than 5,000 farms were left under water in the region, which accounts for a third of Italy's fruit harvest, including Ferrini's smallholding. "A farmer prepares all year round for the harvest and then sees his crop destroyed in just a few minutes or a few hours.

Persons: Claudia Greco, Farmer Andrea Ferrini, Ferrini's, Ferrini, Crispian Balmer, Janet Lawrence Organizations: REUTERS, Thomson Locations: Emilia, Romagna, Forli, Italy, FORLI, Po

☆ Here are Wednesday's biggest analyst calls: Apple, AT&T, Tesla, Amazon, Meta, Microsoft, Spotify and more
▼ + stars: | 2023-07-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan adds Qualcomm and HP Inc. to the focus list JPMorgan added HP Inc. to the focus list and said it's a top value idea. The firm also added Qualcomm to the focus list and says it's a top growth idea. JPMorgan adds Charles Schwab to the focus list JPMorgan added the stock to its focus list after its earnings report and said it sees "improving fundamentals." Bank of America reiterates Amazon as buy Bank of America said it's bullish heading into Amazon earnings later this month. Bank of America reiterates Block as buy Bank of America said shares of the company formerly known as Square are undervalued.

Persons: Tesla, it's, Charles Schwab, Schwab, Jefferies, Berkshire Hathaway, Archer, Guggenheim, ServiceNow Organizations: JPMorgan, Qualcomm, HP Inc, Watch, Cisco, " Bank of America, of America, Bank of America, Meta, UBS, Berkshire, Citi, Republic Services, Hollywood, Argus, Street, Aviation, UW, DuPont, Texas, Microsoft, Apple Locations: 2023E, 2025E, Berkshire, ACHR, EE

It leaves Kretinsky, who submitted a revised offer over the weekend proposing the equity injection, as the only bidder. The cash injection plan would lead to a 4.7 billion-euro reduction in overall debt, Casino said. Casino is saddled with net debt of 6.4 billion euros and is teetering on the brink of default. The board meeting followed a separate meeting between Casino's creditors and CIRI - France's finance ministry body that helps distressed companies and their creditors draw up restructuring plans. Kretinsky and Ladreit de Lacharriere would control the investment vehicle behind the 1.2 billion-euro equity injection, a source said.

Persons: Daniel Kretinsky, Kretinsky's, Xavier Niel, Jean, Charles Naouri, Kretinsky, Niel, Matthieu Pigasse, Moez, Alexandre Zouari, Casino, Marc Ladreit de, Ladreit, Mathieu Rosemain, Mike Harrison, Rosalba O'Brien Organizations: Casino, 3F, Attestor, French, Monde, Fnac, Metro, Forbes, Thomson Locations: Czech, PARIS, French, Paris, Casino, Britain, France, Germany

☆ Here are Wednesday's biggest analyst calls: Nvidia, Tesla, DraftKings, Amazon, Netflix, TJX and more
▼ + stars: | 2023-07-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

TD Cowen reiterates Nvidia as outperform TD Cowen said it's standing by its outperform rating on the stock. Bank of America upgrades DraftKings to buy from neutral Bank of America upgraded the fantasy sports company due to a margin inflection. Citi reiterates Tesla as neutral Citi said it's "neutral to slightly negative" on Tesla heading into earnings next week. Bank of America upgrades Stellantis to buy from neutral Bank of America said in its upgrade of the European automaker that it sees valuation upside. Bank of America downgrades Cisco to neutral from buy Bank of America said in its downgrade of Cisco that consensus estimates are too high.

Persons: TD Cowen, Cowen, it's, Oppenheimer, Baird, Locker, underperformed Ford, JPM, YTD, Holley, Tesla, Raymond James, SunPower, it's bullish, Morgan Stanley, Lazard, Davidson downgrades Redfin, Davidson Organizations: Nvidia, NVIDIA, Nasdaq, AMD, Companies, Citi, General Motors Citi, Watch, GM, JPMorgan, Bank of America, of America, UBS, Netflix, Tech, Cisco, AstraZeneca Locations: China, California

"We're keeping a particularly close eye on the current tensions between the U.S. and China," said Florent Menegaux, chief executive of French tyremaker Michelin. "When we see the impact that the IRA will have (on European companies), I think we haven't talked enough about it at this conference," a senior banker said. "There is a big risk that European companies will shift their investments (from Europe to the United States)." Some say the main concern is the time taken by European Union authorities to respond. "I understand the frustration, but when you look at the details of the extent to which the United States is subsidising its domestic industry, it is not greater than what the Europeans do themselves," Boushey said.

Persons: Jean, Dominique Senard, Ludovic Marin, Florent Menegaux, Menegaux, Christel Bories, Bories, Veronika Grimm, Heather Boushey, Boushey, Mathieu Rosemain, David Holmes Organizations: Renault SA, U.S, French, Michelin, Renault, European Union, Reuters, White House Council, Economic Advisers, Thomson Locations: Japan, Douai, France, PROVENCE, United States, China, Europe, Indonesia, America

"There's no real consensus at the moment about the increase in interest rates among economic actors," Jeremie Delecourt, chief operating officer at French private equity fund Ardian, told Reuters. In the euro zone, the peak is near after a combined 4 percentage points rise in the past year, ECB policymaker and French central bank governor Francois Villeroy de Galhau said on a panel at the conference. But he also said that rates would be left high for as long as necessary to ensure that inflation is headed back to the European Central Bank's 2% target by 2025. The ECB raised interest rates to their highest level in 22 years last month and promised another hike this month, with possibly another in September. "I see quite a bit of optimism in the short term, but I see a lot of downside risks if there is a policy mistake, especially from the central banks," she added.

Persons: Jeremie Delecourt, Francois Villeroy de Galhau, Jean, Louis Girodolle, Lazard, Mario Draghi's, Somersan Coqui, Daniel Barneix, Barneix, Veronika Grimm, Leigh Thomas, Alexander Smith Organizations: Reuters, ECB policymaker, Central, ECB, Atlantic, Allianz Trade, Thomson Locations: PROVENCE, France, United States, Europe, Aix, Provence

REUTERS/Benoit Tessier/File PhotoSummaryCompanies Talks involve potential prepayment accord with carmakersMiner in talks with state-owned companies in Chile over lithiumAIX-EN-PROVENCE, France, July 9 (Reuters) - French mining group Eramet (ERMT.PA) is in talks with several European carmakers over commercial agreements that would help the company finance its lithium production project in Argentina, Chief Executive Officer Christel Bories said. "We're positioning ourselves (in Chile), we have discussions with state-owned companies," Bories said, with the aim to gain potential lithium concessions "in the coming months." Demand for electric vehicles (EVs) has increased as climate-conscious consumers snap up cars with electric powertrains, amid soaring fuel prices. Bories confirmed commodities group Glencore (GLEN.L) was among parties to have expressed interest in helping finance Eramet's lithium production in Argentina. She declined to elaborate further or give the names of the European carmakers involved in the talks.

Persons: Benoit Tessier, carmakers Miner, Christel Bories, Bories, We're, Mathieu Rosemain, Elaine Hardcastle Organizations: REUTERS, carmakers, Manufacturers, Reuters, Thomson Locations: Paris, France, Chile, PROVENCE, Argentina, United States, China, Aix, Provence, South America

AIX-EN-PROVENCE, France, July 8 (Reuters) - A "Chinese storm" is looming over Europe's growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia's superpower dominates key raw materials to make batteries for zero emission cars. "When I talk about a Chinese storm, I'm talking about the strong pressure today related to Chinese (electric) vehicle imports into Europe," Senard said. China's export restrictions are escalating a technology war with the United States, potentially causing more disruption to global supply chains. The development of alternative fuels - such as synthetic e-fuels and hydrogen - would be crucial in the event of a sudden shortage of batteries due to a dearth of raw materials, Senard said. Reporting by Mathieu Rosemain; Additional reporting by Gilles Guillaume Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Jean, Dominique Senard, Senard, Mathieu Rosemain, Gilles Guillaume, Mark Potter Organizations: Renault, Reuters, Thomson Locations: PROVENCE, France, China, Europe, United States

[1/3] One of Tiger Brands' most popular beverage products, Oros, is seen during production at a manufacturing facility in Germiston, South Africa November 17, 2022. This investment, sometimes at the cost of essential capital expenditure, will eventually be passed onto consumers, making food prices higher for longer, food companies, economists and lobby groups told Reuters. It comes at a time when South Africa is already struggling with acute unemployment, 14-year high interest rates and ballooning inflation and complicates efforts of the South African Reserve Bank (SARB) to ease interest rate hikes. Poultry producer Astral (ARLJ.J), diversified food producers AVI (AVIJ.J) and RCL Foods (RCLJ.J) have indicated in their recent earnings statements the mitigating measures would eventually translate into higher food prices. The listed food producers have collectively lost almost 15% in their market value since the beginning of the year.

Persons: James Oatway, Derek McKernan, Kobus, Pieter Taljaard, Thomas Funke, Charles Rossouw, Rosle, Cloete, Gertenbach, Tannur Anders, Anait, Promit Mukherjee, David Evans Organizations: Tiger Brands, REUTERS, Reuters, South African Reserve Bank, Reuters Graphics, Premier, RCL, Grain SA, Cane Growers ' Association, Food, Agricultural, Thomson Locations: Germiston, South Africa, JOHANNESBURG, Africa

☆ Meituan’s KeeTa joins Hong Kong's food delivery race — but analysts are skeptical
▼ + stars: | 2023-07-04 | by ( Sheila Chiang | ) www.cnbc.com time to read: +6 min

HONG KONG, CHINA - MAY 22: A poster promoting 'KeeTa' is seen on May 22, 2023 in Hong Kong, China. "I'm not very optimistic about Meituan's expansion in Hong Kong," Shawn Yang, managing director of Blue Lotus Research Institute, told CNBC. The food delivery service — named KeeTa — launched on May 22 in two residential areas: Mong Kok and Tai Kok Tsui. Stiff competitionThe penetration rate of food delivery in Hong Kong is not particularly high. The food delivery market in Hong Kong remains lukewarm, even during the pandemic, with moderate growth rates.

Persons: Chen Yongnnuo, Shawn Yang, KeeTa —, Mong Kok, Tai Kok Tsui, KeeTa, Sham, Meituan, Kai Wang, ChinaIRN, doesn't, it's, Wang, Yang, Blue, Ryan Lai, Lai Organizations: China News Service, Getty, Blue Lotus Research Institute, CNBC, Yau, Morningstar, Morningstar Asia, Blue Lotus Research, Blue Lotus, Foodpanda, Hong, HK Locations: HONG KONG, CHINA, Hong Kong, China, Mong, Morningstar Asia, Mong Kok, Hong, Deliveroo, Foodpanda Hong Kong

☆ Analysts are bullish on Nike shares even after the apparel giant's earnings miss
▼ + stars: | 2023-06-30 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Analysts remain bullish on Nike's direct-to-consumer strategy and brand momentum, even after the sports apparel giant's disappointing earnings results. Her $145 price target implies 27% upside from Thursday's close. He cited Nike's better-than-expected revenue, improving inventories, as well as no change to the brand's momentum in its direct-to-consumer strategy. Boss lowered his price target to $142 from $146. Her $125 price target, lowered from $135, is just 10% above Tuesday's closing price.

Persons: Goldman Sachs, Kate McShane, McShane, JPMorgan's Matthew Boss, Nike's, Friend, Boss, Bank of America's Lorraine Hutchinson, Hutchinson, — CNBC's Michael Bloom Organizations: Nike, Refinitiv, Bank of Locations: Bank of America's, North America

Opposition parties are clamouring for a vote in parliament, but Meloni said on Wednesday that was not about to happen and linked the debate to ongoing discussions on a broader reform of European budget rules. "Italy's interest is addressing negotiations on European governance, which covers the entirety of our national interests," she told parliament. "Meloni does not want to leave the anti-ESM front to Salvini and nobody wants to lose face," he told Reuters. Despite irritation in Brussels over the dithering in Rome, EU officials have told Reuters that any attempt by Meloni to link ESM approval to much more significant budget reform will not pay off. Italy, which has the second largest debt mountain in relation to its GDP in the euro zone after Greece, has criticised the suggestion.

Persons: Giorgia, Meloni, Matteo Salvini, Francesco Galietti, Paschal Donohoe, Francesco Saraceno, Crispian Balmer Organizations: ROME, European Union, Treasury, Reuters, European, Rome's Luiss University, Sciences Po, European Commission, Thomson Locations: Italy, Brussels, Rome, Sciences Po Paris, Greece, Rome's

☆ Here are Monday's biggest analyst calls: Meta, Tesla, Disney, Amazon, Boeing, Walmart, Uber & more
▼ + stars: | 2023-06-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Bank of America upgrades Alliant to buy from neutral Bank of America said shares of the Wisconsin and Iowa energy company are attractive. UBS upgrades Moderna to buy from neutral UBS said the biotech company's pipeline is underappreciated. UBS downgrades Alphabet to neutral from buy UBS said it sees "near-term monetization risk" for the tech giant. Bank of America reiterates Paramount Global as buy Bank of America said the media company is "unique." Loop reiterates Disney as buy Loop said it's standing by its buy rating on the entertainment and parks giant.

Persons: LNT, Goldman Sachs downgrades Tesla, Goldman, Morgan Stanley, TD Cowen, Coinbase, underperform TD Cowen, Wells, Brinker, Williams, Tesla, Bernstein, Uber, Davidson, Roth, Roth MKM, Piper Sandler, Lululemon, Piper, LULU Organizations: Bank of America, of America, UBS, Moderna, Walmart, Amazon Prime, BTC, BMO, Sherwin, Deutsche Bank, Deutsche, Citi, Boeing, WSFS Financial Corporation, Networks, TAM, Meta, Paramount Global, Brunswick Locations: Wisconsin, Iowa, China

☆ Yellow-crested cockatoos find an unlikely urban refuge in Hong Kong
▼ + stars: | 2023-06-26 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +18 min

Hong Kong CNN —It’s dusk in Hong Kong Park. On a sweltering summer day in Hong Kong Park, nestled between skyscrapers in the urban center of the Asian metropolis, a yellow-crested cockatoo perches on a branch. Noemi Cassanelli/CNN Yellow-crested cockatoos nest in old trees, typically more than 100 years old, which form cavities in the trunk. Hong Kong, despite its urban sprawl and concrete veneer, is a stronghold for several endangered species, including Chinese pangolins, Hong Kong groupers, and the black-faced spoonbill. (According to the AFCD, it has “not received any report related to poaching of yellow-crested cockatoos in the past three years.”)Extremely picky about where they roost, the yellow-crested cockatoos use cavities that form in the trunks of trees that are typically older than 100 years.

Persons: Hong Kong CNN —, –, Astrid Andersson, it’s, ”, Andersson, Quadrupling, Noemi Cassanelli, Cassanelli, CNN Andersson, CNN There's, they’ve, “, Tom Booth, Fox, It’s, ’, Fiona Woodhouse, Woodhouse, Hong Kong’s, Jovy Chan, Chan, “ They’ve Organizations: CNN, Hong Kong CNN, Press, University of Hong, Timor Leste, International Trade, Fisheries, Conservation Department, CITES, Scottish wildcats, ADM Capital Foundation, Society for, Bird, Cultural Services Department, Facebook, Hong, SPCA HK, WWF Locations: Hong Kong, Swedish, Indonesia, Timor, Australia, University of Hong Kong, Hong, ”, Mainland China, HKD28,000, Indonesian

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Amazon, Eli Lilly, Broadcom, Microsoft & more
▼ + stars: | 2023-06-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America upgrades XP to buy from neutral Bank of America said the Brazilian investment company's shares will re-rate higher. JPMorgan reiterates Amazon as overweight JPMorgan reiterated the stock as a top idea and said it sees a runway for more growth for Amazon Prime. " Deutsche Bank adds a catalyst call buy on Walgreens Deutsche says it's bullish heading into earnings next week. Bank of America reiterates Eli Lilly as buy Bank of America said the biopharma company is still one of the firm's favorite ideas. Bank of America reiterates Broadcom as buy Bank of America raised its price target on AI beneficiary Broadcom to $1,050 per share from $950.

Persons: Fargo, Goldman Sachs, Wells, Bud, Bud Light, Bernstein, Kellogg, underperform Bernstein, Morgan Stanley downgrades Tesla, Morgan Stanley, Tesla, " Bank of America downgrades Dow, DOW, it's, Riley, Expedia, TripAdvisor, Eli Lilly, Lilly, Raymond James, Alcoa, Piper Sandler, Piper Organizations: Bank of America, of America, Deutsche Bank, Anheuser Busch InBev, Deutsche, Nielsen, JPMorgan, Amazon Prime, Kellogg, " Bank of America, Walgreens Deutsche, Microsoft, Apple, Developers, Broadcom, Alcoa, Citi, Boston Scientific Citi, PFA, Card Locations: Brazil

Hong Kong CNN —Hundreds of mourners attended a funeral on Sunday for a Hong Kong model whose grisly death earlier this year shocked the city, with floral tributes flowing in from loved ones, friends and celebrities alike. Abby Choi, a 28-year-old mother of four, went missing in late February until parts of her dismembered body were found by police in a rural village house. Hundreds of people dressed in black lined up outside the Po Fook Memorial Hall in a quiet suburb of Hong Kong just a dozen miles south of where her remains were found. Among those present at the funeral was her late husband Chris Tam, whose family founded a popular noodle chain in the city. Two others have been charged with assisting the ex-husband’s effort to escape, though they have been released on bail.

Persons: Abby Choi, Tok, Choi, Choi –, Chris Tam, Tam, Marie, Paola Bertrand, Hillion, Aaron Kwok, Hong, Alex Kwong, Anthony, Kwong Kau, Alex Kwong’s, Jenny Li Organizations: Hong Kong CNN Locations: Hong Kong, Paris, Choi’s

☆ Family and friends mourn murdered model in Hong Kong
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: 1 min

HONG KONG, June 18 (Reuters) - Family and friends of Abby Choi, a Hong Kong model who was murdered in a gruesome case in February, gathered at a memorial hall in the city on Sunday to pay their final respects. The vigil took place at Po Fook Memorial Hall in the Tai Wai area of Sha Tin district, adhering to Buddhist traditions. The murder of the 28-year-old influencer shocked the world after parts of her remains were found in a village house in Hong Kong. A funeral ceremony on Monday morning will be followed by a cremation at a monastery on the city's Lantau Island. Reporting by Joyce Zhou, Josh Ye in Hong Kong Editing by Frances Kerry, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Abby Choi, Joyce Zhou, Josh Ye, Frances Kerry, Kirsten Donovan Organizations: Thomson Locations: HONG KONG, Hong Kong, Fook, Tai, Sha Tin

☆ Russia has doubled the number of trained dolphins defending its Black Sea fleet from Ukrainian attacks, says report
▼ + stars: | 2023-06-17 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

Russia appears to have doubled the number of trained dolphins defending its Black Sea fleet. The dolphins at the naval base in Sevastopol are trained to detect Ukrainian special forces divers. Satellite imagery at the time captured by Maxar Technologies shows two pens containing the trained dolphins. This comes after several drone attacks targeting Russia's ships in the area, as Ukrainian forces launched their recent counteroffensive in the long-running conflict. The Black Sea peninsula was invaded by Russian forces and illegally annexed by Putin in 2014.

Persons: —, Sutton, Renee C, Aiello Organizations: Black, Service, Russian, Naval News, Russian Navy, Maxar Technologies, Ukrainian, Dolphins, US Naval Institute ., US Navy Marine Mammal, Corpus Christi, US Coast Guard, RIA Novosti, US Navy, Naval Times Locations: Russia, Sevastopol, Crimean, Crimea, Russian, Sutton, Corpus, Sweden, Israel, North Korea

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Chipotle, Chevron, Netflix, Meta, Target and more
▼ + stars: | 2023-06-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bernstein reiterates Target as outperform Bernstein said investors should buy the weakness in Target shares. UBS reiterates Chipotle as buy UBS said the Mexican chain is "well positioned w/ drivers to support transaction and sales growth." RBC reiterates Tesla as outperform RBC raised its price target to $305 per share from $212 and said it's bullish on Tesla's autonomy future. " TD Cowen reiterates Netflix as outperform TD Cowen raised its price target on the stock to $500 per share from $440 and says it's well-positioned. UBS reiterates Chevron as buy UBS said it sees "balance sheet strength & dividend growth" for Chevron.

Persons: Evercore, it's bullish, Emerson, Bernstein, Mizuho, Coinbase, Moody's, Guggenheim, McDonald's, Chipotle, Morgan Stanley, Goldman Sachs, Goldman, Wells, Wells Fargo, Tesla, it's, Oppenheimer, SoFi, Uber, Jefferies, TD Cowen, NFLX, Cowen, Stifel Organizations: ISI, Energy & Materials, Livent, HSBC, Emerson, " Bank of America, P, Bank of America, Citi, American Express Citi, American, Citi Credit Card, Travel & Entertainment, RBC, Nvidia, UBS, Mobile, Diageo, Spirits, Deutsche Bank, JPMorgan, Microsoft, Netflix, Corning, Chevron, Meta, DR Locations: Mexican, Allegiant, Edgewater

MILAN, June 14 (Reuters) - Merger and acquisition speculation has lifted shares in MFE (MFEB.MI), the late Silvio Berlusconi's TV business, following his death, but a number of obstacles stand in the way of any rapid deal. With a 19.8% MFE stake, Vivendi (VIV.PA) is widely seen as the natural buyer for MFE. This week's rally has lifted the market value of the whole of MFE to 1.8 billion euros. Any accord between Vivendi and Fininvest would require overcoming the deep distrust between the two groups after years of courtroom battles sparked by a failed 2016 TV deal. Like Fininvest, Vivendi faces a loss on any potential sale of its MFE stake given the gap between book and market prices.

Persons: Silvio Berlusconi's, Vincent Bollore, Urbano, Pier Silvio Berlusconi, Fininvest, MFE, Emilio Parodi, Valentina Za, Barbara Lewis Organizations: MILAN, Vivendi, Reuters, della Sera, U.S, Warner Bros ., VIVENDI, FININVEST, Fininvest, MFE, Thomson Locations: MFE, Urbano Cairo, Germany's ProSiebenSat, Italy, Spain, Rome, Netherlands

The group will study this expression of interest and keep the market informed," Casino said in a statement on Wednesday. And the holding company through which Naouri controls Casino is also heavily indebted. Niel, Pigasse and Zouari said they would invest 200 million to 300 million euros themselves, with the rest coming from unspecified partners, including Casino creditors. The trio's proposal comes after Kretinsky, Casino's second-largest shareholder, offered in April to take control of the group through a 1.1 billion euro capital increase. A Casino spokesperson declined to comment beyond its statement on Wednesday or on behalf of Naouri.

Persons: Jean, Charles Naouri, Xavier Niel, Daniel Kretinsky, Casino, Kretinsky, Niel, Matthieu Pigasse, Moez, Alexandre Zouari, Clement Genelot, Garnier, Pigasse, Zouari, Casino's, Mathieu Rosemain, Chiara Elisei, Laura Lenkiewicz, Sudip Kar, Silvia Aloisi, Mark Potter, Alexander Smith Organizations: Casino, Monoprix, BNP, Credit Agricole, Carrefour, Reuters, France's, Naouri, Thomson Locations: PARIS, Czech, Natixis, Casino

☆ Here are Monday's biggest analyst calls: Oracle, Tesla, McDonald's, Amazon, Nio, Carnival, AMD and more
▼ + stars: | 2023-06-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS reiterates McDonald's as buy UBS said McDonald's is "well positioned to drive further sales growth and market share gains." JPMorgan upgrades Carnival to overweight from neutral JPMorgan said it sees an "attractive risk/reward" for the cruise operator. Bank of America upgrades Carnival to buy from neutral Bank of America said it's getting bullish on cruise demand. Morgan Stanley upgrades Sentinel One to overweight from equal weight Morgan Stanley said the cybersecurity company has an attractive risk/reward. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley said it's bullish on the company's long-term growth outlook.

Persons: McDonald's, it's, Morgan Stanley downgrades Bill.com, Morgan Stanley, Wolfe, Tesla, Nomura, Evercore, Wedbush, it's bullish, Argus, Abercrombie, Jefferies Organizations: UBS, JPMorgan, JPMorgan Chase, Petrobras, CCL, Bank of America, of America, Intuit, Oracle, Disney, Auto, Citi, U.S . Bancorp Citi, U.S . Bancorp, Sentinel, AMD, Abercrombie, Fitch

☆ An angler reeled in a record-breaking 9-foot 'prehistoric' catfish. He let it go because he didn't want to 'stress' the amazing creature.
▼ + stars: | 2023-06-10 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

An angler caught a 9-foot-long "monster" catfish in an Italian river after a 40-minute battle. The enormous wels catfish is likely "world record" breaking in length. It was the new world record catfish," Biancardi wrote on his fishing team's Madcat's blog. Describing the battle to land the amazing creature, Biancardi wrote on Madcat's website, "I calmly managed to fight what I felt to be a prehistoric fish." This fish will beat the International Game Fish Association's current wels catfish length record by 1.57 inches if confirmed by the association.

Persons: Alessandro Biancardi, —, Biancardi, Madcat Organizations: Service, Game Fish Association Locations: Italian, Po, Italy, Europe, USA, Mekong, Thailand

PARIS, June 7 (Reuters) - Atos (ATOS.PA), the struggling French IT consulting firm planning to split into two listed entities, said it expected sales at loss-making unit Tech Foundations to hit bottom in 2024. That will see it separate Tech Foundations from Eviden, which groups Atos' most coveted assets such as cybersecurity division BDS and supercomputers. Co-CEO Nourdine Bihmane said on a call with reporters that the split-up plan was "on the verge to be completed in the main countries". He also said plans to sell 700 million euros of assets, deemed crucial to finance the company's turnaround plan, were "almost completed". About 20% of that 1.2 billion-euro turnaround plan, which entails laying off about 7,500 people, has been achieved, he said.

Persons: Atos, Nourdine Bihmane, Mathieu Rosemain, Sudip Kar, Gupta, Mark Potter Organizations: Tech, Eviden, Thomson

☆ Polish opposition supporters, seeking change, mark 1989 Solidarity win
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +3 min

[1/2] People wait for a march organised by main opposition party the Civic Platform (PO) on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw, Poland, June 4, 2023. On Sunday, hundreds of buses were arriving in Warsaw to bring opposition supporters from across the country. Some said they were motivated by a row over legislation proposed by PiS to weed out undue Russian influence from the country. The opposition sees the legislation as a government attempt to launch a witchhunt against political opponents. "It's beyond comprehension," said Andrzej Majewski, 48, from Slupca in western Poland who was in Warsaw to join Sunday's protest march.

Persons: Mateusz Morawiecki, Donald Tusk, Tusk, Andrzej Duda, Andrzej Majewski, Marek Strzelecki, Nick Macfie, Susan Fenton Organizations: REUTERS, Law and Justice, Kremlin, European Union council, Solidarity, U.S . State Department, European Commission, Thomson Locations: Poland, Warsaw, WARSAW, Ukraine, Europe, Slupca

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