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☆ Trump and Harris' frantic final 2024 campaign stops show why North Carolina matters
▼ + stars: | 2024-11-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Trump spent Friday in Michigan and Wisconsin, Saturday in North Carolina, and today will be in Pennsylvania, North Carolina, and Georgia. If Harris won Michigan and Wisconsin, she would still need to add Georgia or North Carolina to her column. "Donald Trump is worried about losing North Carolina," Harris spokesperson Ammar Moussa wrote on X under two siren emojis. AdvertisementDoug Sosnik, a longtime advisor to Bill Clinton and a North Carolina native, doesn't see Harris' path there. North Carolina is "not a level playing field" for Democrats, Sosnik said, pointing to Democrats' struggles there except for Obama.

Persons: Donald Trump, Kamala Harris, —, Harris, Trump, Sen, JD Vance, Obama, Biden, Trump's, Ammar Moussa, Doug Sosnik, Bill Clinton, it's, Sosnik, she's, he's, Karoline Leavitt, Susan Roberts, Hurricane Helene, Roberts Organizations: North, Service, Republican, Des Moines Register, Trump, Congressional, Pennsylvania, Michigan, Democratic, Davidson College, Census Bureau, State Management Locations: Pennsylvania, North Carolina, Wisconsin, Georgia, Michigan, Nevada and Arizona, New Mexico, Virginia, New Hampshire, Iowa, Michigan , Wisconsin , Nevada, Arizona, Charlotte, New York, Black, Florida, Texas, Hurricane, Carolina, Western North Carolina

☆ Gen Z's New Side Hustle: Getting Rich As Airbnb Super Hosts
▼ + stars: | 2024-10-02 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

Arbitrage hosts like Anderson take to TikTok, YouTube, and Instagram to offer advice and promote paid courses on how to start and build your own short-term-rental empire. A 25-year-old TikToker with the handle @airbbnbmastery101 titled one video "How to quit your job in 2024 and get rich." There's no way to know for sure how popular Airbnb arbitrage is. Related storiesBut Airbnb arbitrage, in theory, isn't illegal; it depends on local laws governing how short-term-rental properties are licensed. DeRose says that he regrets working in short-term-rental arbitrage and that "it's very clearly hurting" the housing market.

Persons: Hailie Anderson, factly, Anderson, —, Donald Trump, Dave Ramsey, Trump, Inayah McMillan, — tycoons, TikTok, she's, Airbnb, Jamie Lane, Alfred, They're, there's, Lane, Konrad Bicher, Wolf, Bicher, Tom DeRose, It's, it's Organizations: YouTube, HGTV, Target Locations: Austin, Salt Lake City, Nashville, Florida, New York, Cities, Barcelona, Europe, Asia

☆ Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical
▼ + stars: | 2024-08-10 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Activist Commentary: Oasis Management is a global hedge fund management firm headquartered in Hong Kong with additional offices in Tokyo and Austin, Texas, as well as the Cayman Islands. Kobayashi Pharmaceutical is a Japan-based pharmaceuticals and consumer products company. It would imbue the company with a sense of urgency to improve operational performance, corporate governance and shareholder value maximization. But that is also a long shot, even at a company with corporate governance issues as we have here. The firm is a top-tier Japan shareholder activist and if anyone can get board seats in Japan, it is Oasis.

Persons: Seth Fischer, Oasis, Kobayashi, Akihiro Kobayashi, Kazumasa Kobayashi, Satoshi Yamane, Ken Squire Organizations: Kobayashi Pharmaceutical, Business, Company, Oasis Management, Oasis, Ain Holdings, Kobayashi's, Tsuruha Holdings, Kao Corp, Taisho Pharmaceutical Holdings, 13D Locations: Japan, Hong Kong, Tokyo, Austin , Texas, Cayman Islands, Asia, Europe, Kobayashi, Hokuetsu, Ain

☆ Walmart has the advantage for back-to-school — and that's really bad news for this retail stock
▼ + stars: | 2024-07-19 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +10 min

Walmart shares have outperformed the market. Analysts remain overwhelmingly bullish on the stock with more than 80% of analysts rating shares a buy or overweight, according to FactSet. Target shares reflect the strain of the competition. And if Walmart continues to win over wealthier customers, that's more bad news for Target. On Tuesday, KeyBanc Capital Markets analyst Bradley Thomas reiterated that Walmart remains one of his top stock ideas.

Persons: Lindsay Rosner, Piper Sandler, Peter Keith, Keith, Daniel Kurnos, Kurnos, FactSet, Alexis Deladerriere, JLL, Christopher Horvers, JPMorgan's Horvers, Cowen, Oliver Chen, Chen, hasn't, Bradley Thomas, Thomas Organizations: Walmart, Target, Goldman Sachs Asset Management, Analysts, Keith, P Retail, Amazon, Microsoft, Apple, Adobe Analytics, Adobe, Amazon's, Costco, Amazon Prime, Sam's, Paramount, KeyBanc Capital Locations: Wednesday's

☆ The ‘fearless young activists’ thrown in jail for climate campaigns in Cambodia
▼ + stars: | 2024-07-06 | by ( Heather Chen | ) edition.cnn.com time to read: +9 min

“We demand that our friends in Mother Nature Cambodia, and all political prisoners, be released immediately,” said Fridays for Future, the youth-led global climate strike movement founded by Thunberg, in a statement. “Like what we are seeing with dictators in other countries, Cambodia is becoming more repressed,” said Alejandro Gonzalez-Davidson, a Spaniard who co-founded Mother Nature Cambodia over a decade ago, alongside local Cambodian activists. Environmental activists stage a mock funeral procession in the streets of Phnom Penh. Video footage showed activists Mother Nature Cambodia activists Ly Chandaravuth, Long Kunthea, Thun Ratha, Phuon Keoraksmey and Yim Leanghy surrounded by dozens of armed police officers and dragged away into waiting cars, bound for prisons across the country. “This week, a new generation of Cambodian activists was born – one that did not exist back in 2012,” he said.

Persons: Greta Thunberg, ”, Thunberg, Mu Sochua, “, ” “, ” Mu Sochua, Chantha Lach, Hun Sen –, Hun Manet, Hun Sen, Alejandro Gonzalez, Davidson, Pen Bona, Ole von Uexkuell, Magnus Lejhall, Gonzalez, Valeria Mongelli, –, Ly Chandaravuth, Long, Phuon Keoraksmey, Yim, Pilorge, lèse, Thameen Al, Kheetan Organizations: CNN, Nature Cambodia, Reuters, United States Agency for International Development, USAID, Nature, TT, Agency, AFP, Getty, Facebook, Court, Cambodian League, Promotion, Human, Journalists, ” United Nations Human Rights Locations: Cambodia, Nature, Reuters Cambodia, Nature Cambodia, Phnom Penh, Cambodian, Sweden, Stockholm, Sihanoukville, Thun

☆ South Africa, With Elections, Is Becoming Something New - The New York Times
▼ + stars: | 2024-05-28 | by ( William Shoki | ) www.nytimes.com time to read: +2 min

On an overcast April day in South Africa’s administrative capital, Pretoria, President Cyril Ramaphosa delivered a lackluster speech commemorating the end of white-minority rule in South Africa. On several occasions, the former South African president Jacob Zuma proclaimed that the A.N.C. would rule “until Jesus comes back.” Now Mr. Zuma is hoping to unseat the party that enabled his notorious graft. The party’s emergence is one of the many morbid symptoms in South Africa today. Thirty years on from apartheid’s end, South Africa is in the midst of another complex transformation.

Persons: Cyril Ramaphosa, Nelson Mandela, Ramaphosa’s, Jacob Zuma, “, Jesus, Zuma, uMkhonto, —, ’, Ramaphosa Organizations: African National Congress, South, Mr Locations: South Africa’s, Pretoria, South Africa, South

☆ Exclusive: French VC firm Ventech has exited digital music company Believe and launched its 6th fund
▼ + stars: | 2024-04-30 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Read previewVenture capital firm Ventech has sold its stake in digital music company Believe, saying the company's lack of liquidity has led to it being "chronically undervalued" on the Paris Stock Exchange. "It wasn't really possible to use the Believe stock to accelerate its build-up," he added. Related stories"The management wanted to size the company, but the stock price and liquidity wasn't allowing that," he said. Ventech has raised an initial closing for its sixth fund, targeted at around €225 million ($241 million). Ventech has made initial deals from its sixth fund, backing French startup Firecell and German real-estate management company Einwert.

Persons: —, Ventech, Jean Bourcereau, Thomas Bravo, Bourcereau Organizations: Service, Paris Stock Exchange, Business, London Stock Exchange Locations: Ventech, €, Europe, Stockholm

☆ I could have made $2,100 cashing in on solar eclipse tourism—why I chose not to, from a U.S. retiree in Mazatlán, Mexico
▼ + stars: | 2024-04-04 | by ( Janet Blaser | ) www.cnbc.com time to read: +4 min

She moved away in advance of the April 8 total solar eclipse. The resort town of Mazatlán, Mexico — where I lived from 2006 until last month — is one of the best spots to witness the total solar eclipse on April 8. A chance to make $300 a night for a weekRumors started circulating roughly three years ago about people renting their places for inflated prices during the eclipse week. One local friend's family charged up to four times the regular rates for their 10 vacation rental condos for the eclipse week. They told me they were offered $400 a night for the eclipse week.

Persons: Janet Blaser, Mazatlán, Eric, Jenna Streit, Eric said, Ashley, Williams, I'd, it's, San Antonio Tlayacapan, pang, Lisa Shoop Organizations: Tourism, Centro Historico, Los Muertos Locations: Mazatlán, Mexico, American, Austin , Texas, Sinaloa, Los Angeles, Covid, Airbnb, Los, San Antonio, Guadalajara, San

☆ Here are Wednesday's biggest analyst calls: Tesla, Amazon, Alphabet, Meta, UPS, Tyson, Disney, SoFi & more
▼ + stars: | 2024-04-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We are initiating coverage of SoFi Technologies (SOFI) with a BUY rating and a $10 price target." "Weighing Robinhood's Compelling New Product Roadmap Against a Now More Demanding Stock Price / Valuation." "As a result of higher revenue and Adjusted EBITDA estimates, we are raising our price target to $230 from $160 previously, and maintaining our MP rating." Wells Fargo reiterates Alphabet as equal weight Wells lowered its price target on Alphabet to $141 per share from $144. Guggenheim reiterates Disney as buy Guggenheim raised its price target on the stock to $140 per share from $125. "

Persons: Needham, SoFi, Baird, INFA, Piper Sandler, Piper, KBW, DA Davidson, ZETA, Goldman Sachs, Goldman, it's, Carlisle, Raymond James, Jones Lang LaSalle, Eaton Deutsche, Wells, it's bullish, Tyson, Guggenheim, Tesla, Riley, Gordon Haskett Organizations: SoFi Technologies, Ecolab Inc, Citi, Zeta Global, DA, Carlisle Companies, Deutsche Bank, Eaton, Fluence, Meta, PepsiCo, Argus, JPMorgan, UW, Tyson Foods Citi, UPS, Barclays, Amazon, Disney, Guggenheim, Deutsche, Holdings, Booking Holdings, Inc, Costco, Northland, WT Locations: Northland

☆ Jamie Dimon's big JPMorgan stock sale may be a warning sign, given his stellar track record at market timing
▼ + stars: | 2024-02-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

JPMorgan CEO Jamie Dimon sold hundreds of thousands of shares in the bank last week, a possible worrisome signal given his strong track record at timing the market. What Dimon sold was all profit from the more than one million shares he bought between 2009 and 2016, Bespoke said. In total, Dimon bought more than 1.2 million shares between 2009 and 2016. JPM KBE,.SPX YTD mountain JPMorgan vs. the S & P 500 and SPDR S & P Bank ETF, year to date JPMorgan shares are up more than 8% so far in 2024, outperforming the S & P 500 's less than 7% gain as well as a more than 4% decline in the SPDR S & P Bank ETF (KBE) . A filing from JPMorgan last October said Dimon would sell one million shares sometime in 2024 but didn't specify when.

Persons: Jamie Dimon, Dimon, FactSet, JPM Organizations: Investment, upturns, JPMorgan, Insider, P Bank, P Bank ETF

☆ After being laid off, I took a huge pay cut to work a $15/hour retail job at Target—why I don’t regret it
▼ + stars: | 2024-02-21 | by ( Kathleen Baker | In Bakerkathi | ) www.cnbc.com time to read: +1 min

I allowed myself a small window to mourn, and then decided to view the layoff as an opportunity instead of a loss. I had applied to hundreds of jobs but landed only two interviews and received zero job offers. In early December, I applied online for a seasonal position with Target completely on a whim — half expecting to be ghosted again. But the very next day, I got an offer to be a guest advocate for the holidays at $15 an hour. And it didn't take long for me to realize that my "little seasonal job," as I liked to call it, was one of the best things I could have done for myself.

Persons: I'd

☆ Russian Prosecutors Seek to Nationalise Seized Car Dealership, Court Says
▼ + stars: | 2024-01-16 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

MOSCOW (Reuters) - Russia's Prosecutor General's Office has filed a lawsuit in a St Petersburg court seeking to nationalise car dealership Rolf, the court said late on Monday, just weeks after Moscow put the asset under the state's temporary management. St Petersburg's Moskovskiy District Court said it had accepted a lawsuit filed by prosecutors, which seeks the seizure of all shares in Rolf, Russia's largest car dealership, and affiliated companies as "property obtained in violation of anti-corruption legislation". Russian businessman Sergei Petrov, who owns Rolf, has long been accused by Russian authorities of illegally moving money abroad, charges he denies, and has had a warrant issued for his arrest. In December 2023, Russian President Vladimir Putin placed Rolf under temporary state management, a move the Kremlin said was driven solely by "economic expediency and compliance with current legislation". The court said prosecutors had asked the court to hand over all shares, should they be seized fully, to the state.

Persons: Rolf, Sergei Petrov, Vladimir Putin, Petrov, Gleb Stolyarov, Alexander Marrow, Jason Neely Organizations: General's, Kremlin, Reuters Locations: MOSCOW, St Petersburg, Moscow, Petersburg's Moskovskiy, Rolf, Russia's, Russian, Austria

☆ An estate manager for the wealthy shares some of the outlandish and intimate requests she's received from clients
▼ + stars: | 2024-01-10 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +7 min

She and her team coordinate service providers, from gardeners to party planners, for her clients. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEmily Webb-Doskow, an estate manager, receives strange requests from wealthy clients. These shifts expanded the prospective client base of families who could benefit from an estate manager. She said a starting salary for a full-time estate or house manager could be about $150,000.

Persons: Emily Webb, Doskow, Baker, —, Webb, Rich, I've, She's, bender, Barths, Holger Leue, they'd, they're Organizations: Webb, Service, Craigslist, Business, Baker, Estate Management, YouTube Locations: Los Angeles, New York City, St, America

☆ Cognizant ropes in JLL for sale of its world's largest facility: sources
▼ + stars: | 2023-11-30 | by ( Sai Ishwarbharath B | ) www.reuters.com time to read: +2 min

JLL and SIPCOT did not respond to Reuters' requests for comment. The campuses sit on land spanning over 49 acres having 16,500 seats, according to the company's presentations done for green energy certifications. It is an attempt "by Cognizant and other IT firms to decentralize their talent models to lower-cost locations," said Peter Bendor-Samuel, CEO at research firm Everest Group. The focus on smaller cities also comes at a time when many IT employees are reluctant to move back to big cities after shifting to their hometowns during the worst of the pandemic. Reporting by Sai Ishwarbharath B; Editing by Dhanya Skariachan and Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Cognizant, SIPCOT, Peter Bendor, Samuel, Sai Ishwarbharath, Dhanya Skariachan, Shweta Agarwal Organizations: REUTERS, Rights, Software, Reuters, State Industries Promotion Corporation, Tamil, Everest Group, Thomson Locations: Chennai, Teaneck , New Jersey, Tamil Nadu

☆ Southeast Asia's first luxury hotel made from retired buses opens in Singapore — take a look inside
▼ + stars: | 2023-11-27 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +3 min

The resort hotel has 20 rooms which will be open for stays from Dec. 1, 2023. Source: The Bus CollectiveIt only costs a dollar to ride a Singapore bus — but 398 Singapore dollars to sleep in one. The Bus Collective is Southeast Asia's first resort hotel to repurpose decommissioned public buses into luxury hotel rooms. The resort hotel officially opens on Dec. 1 and bookings are now available on its website. A look into the resortThe Bus Collective is located in Changi Village, Singapore — occupying 8,600 square meters of land.

Persons: Queen Victoria Organizations: SBS Transit, Changi Village Hawker Centre, Changi East Boardwalk, Changi Chapel & Museum, CNBC, Changi Sailing Club, WTS Travel, LHN Group, Sky Win Locations: Singapore, Changi Village, Changi, Hamilton, Pulau Ubin

View of the construction site of the Elbtower building, owned by Rene Benko’s Signa and a Commerzbank subsidiary, in Hamburg Germany, November 2, 2023. On Friday, Signa Real Estate Management filed for insolvency in a local court in Berlin, according to a court filing. The real estate sector was a bedrock of Germany's economy for years, accounting for roughly a fifth of output and one in 10 jobs. Now a sharp rise in rates has put an end to the run, tipping some developers into insolvency as deals freeze and prices fall. Weakness in commercial real estate in the United States as offices remain empty after the pandemic and the struggles of major property developers in China have focused global attention on the sector.

Persons: Rene Benko’s Signa, Fabian Bimmer, Signa, Elliott, Rene Benko, Switzerland's Julius Baer, Hannes Moesenbacher, Matthias Inverardi, John O'Donnell, Miranda Murray, Sharon Singleton, Mark Potter Organizations: REUTERS, Rights, Elliott Investment Management, Chrysler, Estate Management, Austria's Raiffeisen Bank, Thomson Locations: Hamburg Germany, Austrian, Germany, Austria, Switzerland, Sweden, Berlin, Bavaria, Hesse, Hamburg, Europe's, United States, China

☆ Germany's Kuehne examines offer for Signa's Hamburg skyscraper, Handelsblatt reports
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +1 min

View of the construction site of the Elbtower building, owned by Rene Benko’s Signa and a Commerzbank subsidiary, in Hamburg Germany, November 2, 2023. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsFRANKFURT, Nov 26 (Reuters) - German logistics entrepreneur Klaus-Michael Kuehne is examining a takeover of Signa Group's abandoned Elbtower high-rise project in his hometown of Hamburg, Handelsblatt reported. Discussions on the takeover by Kuehne are quite advanced, but no decision has been made, German newspaper Handelsblatt reported, citing a source. Signa, owner of New York's Chrysler Building and Britain's Selfridges store, and spokespeople for Kuehne and the city of Hamburg did not respond to requests for comment on Sunday. This led to the insolvency of its subsidiary Signa Real Estate Management Germany on Friday, Spiegel magazine reported.

Persons: Rene Benko’s Signa, Fabian Bimmer, Klaus, Michael Kuehne, Group's, Handelsblatt, Signa, Kuehne und Nagel, Hapag Lloyd, René Benko, Emma, Victoria Farr, Alexander Smith Organizations: REUTERS, Rights, Kuehne, Lufthansa, Chrysler, Real Estate Management, Spiegel, Thomson Locations: Hamburg Germany, Hamburg, Austrian, Real Estate Management Germany, Signa, Germany

☆ Signa unit confirms bankruptcy filing in letter to employees - Wirtschaftswoche
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, Nov 25 (Reuters) - Signa Real Estate Management confirmed its bankruptcy filing in a letter to employees on Friday evening, German magazine Wirtschaftswoche reported on Saturday, citing a copy of the letter. In the document, Signa REM Germany informed its employees about the company opening insolvency proceedings. Der Spiegel first reported the court filing at the Berlin Charlottenburg district court on Friday. A provisional insolvency administrator will "probably be appointed by the local court at very short notice," the letter stated. Reporting by Emma-Victoria Farr Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Der Spiegel, Signa, Emma, Victoria Farr, Mark Potter Organizations: Estate Management, Reuters, Thomson Locations: FRANKFURT, Germany, Berlin Charlottenburg

☆ Signa unit files for insolvency as crisis at Benko's empire deepens -Spiegel
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Nov 24 (Reuters) - Signa Real Estate Management Germany filed an official application for bankruptcy at the Berlin Charlottenburg district court, German magazine Spiegel reported on Friday, as the crisis at Rene Benko's property group deepens. Separately, Austrian newspaper Der Standard said a bankruptcy filing for Signa Group could come next Tuesday, citing a source. Meetings of Signa employees are planned for the same day, when employees will be given information about the insolvency and further steps, the paper reported. Signa Group declined to comment when contacted by Reuters. The Signa group has holdings of 27 billion euros ($28.8 billion) and 25 billion euros in development.

Persons: Spiegel, Rene Benko's, Benko, Signa, Emma, Victoria Farr, Matthias Inverardi, John O'Donnell, Elisa Martinuzzi, Louise Heavens Organizations: Estate Management, Signa, Reuters, Thomson Locations: FRANKFURT, Estate Management Germany, Berlin Charlottenburg, Austria, Germany, Europe's

☆ Trump waited until after he left office to disclose trademarks he owns in China and Russia
▼ + stars: | 2023-11-03 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Donald Trump disclosed that he owns hundreds of foreign trademarks in his ethics filings this year. Trump owns 114 trademarks in China — more than any other country by far, including the US. (AP Photo/Alex Brandon)The final form Trump submitted during his presidency, dated January 15, 2021, disclosed Trump's financial interests in numerous overseas companies. The only indication of trademark holdings noted is his ownership of a company called "CHINA TRADEMARK LLC." AdvertisementAdvertisementIn his following OGE Form 278e form, filed on April 2023, as a presidential candidate, Trump disclosed a long list of foreign trademarks.

Persons: Donald Trump, Trump, —, Donald, Forbes, Alex Brandon, Joe Biden, Richard Painter, George W, Bush, Painter, who's, Joe Raedle, Ivanka Trump Organizations: Service, Hartsfield, Jackson Atlanta International Airport, Trump, Drinks Israel, United Arab Emirates, LLCs, The New York Times, Trump Tower, Times, Associated Press, Saudi Sovereign Wealth Fund Locations: China, Russia, Venezuela, Iran, Cuba, Belarus, United States, CHINA, United Kingdom, Ukraine, El Salvador, Mexico, France, Saudi Arabia, Turkey, Albania, sweeten, Saudi

☆ They gave up city life to buy an abandoned $10,000 house in Japan and renovate it. They say they'll never take on a project like that again.
▼ + stars: | 2023-10-30 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

Gilles Beaufils and his wife gave up city life in Tokyo to renovate an abandoned house in rural Japan. AdvertisementAdvertisementAfter three decades of working in Tokyo, Gilles Beaufils decided he needed a change of scenery. Gilles Beaufils/Base Camp ImariThe akiya is just over 1,800 square feet and is located right in the middle of the village. Gilles Beaufils/Base Camp ImariOnce the pandemic restrictions started to ease, travelers started coming back to Japan in troves, he said. Gilles Beaufils/Base Camp Imari"They don't show you the moist, they don't show you the termites, they don't show you these kinds of things in the photos," he added.

Persons: Gilles Beaufils, they'll, —, Frenchman, Beaufils, I've, — Beaufils, Makoto Watanabe, Imari, it's, Amanda Goh Organizations: Service Locations: Tokyo, Japan, Kyushu, Okawachiyama, Saga Prefecture, Fukuoka, Kumamoto, Nagasaki, Saga, troves, Itoshima, agoh@insider.com

☆ The big AI and robotics concept that has attracted both Walmart and Softbank
▼ + stars: | 2023-10-07 | by ( Tim Mullaney | ) www.cnbc.com time to read: +13 min

Softbank also owns 65% of the GreenBox venture, which launched with $100 million in investment by the two companies. They say it's a $500 billion market, and an example of the kind of change AI can bring to the economy at large. But not as many investors know about Softbank's "other" big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic , which Walmart has taken a big stake in itself. Symbotic teamed up with Softbank to build GreenBox in order to preserve its own capital, Cohen told analysts. The GreenBox market for smaller companies shapes up as another $500 billion of possible demand, Gartner's Klappich said.

Persons: Rick Cohen, Softbank, Robert W, Baird, Vikas, Schwarz, Kristin Schwarz, Vikas Parekh, Parekh, Giordano, I've, TD Cowen, Joseph Giordano, GreenBox, Dwight Klappich, Symbotic, Klappich, Mason, Cohen, —, Bill Boyd, Gartner's Klappich, Doug McMillon Organizations: Walmart, CNBC, Gartner, Target, Venture, Arm Holdings, Wholesale, Forbes, Revenue Locations: GreenBox, Wilmington, Mass, Fla

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ Blackstone's data center gamble
▼ + stars: | 2023-08-28 | by ( Daniel Geiger | Rebecca Ungarino | ) www.businessinsider.com time to read: +12 min

The firm has recently touted its data center investments amid the artificial intelligence boom. Blackstone's push into data centers comes with its own set of challenges and questions. "You might not own apartment buildings in 10 years, but the largest data center company in the world." Meghji said in the company's video that interest from data center users in QTS data centers had doubled "since ChatGPT came out." Gerber said he had recently discussed data center investments with Blackstone representatives and has confidence in the strategy.

Persons: Blackstone, —, Glenn Schorr, Schorr, outflows, Stephen Tuckwood, Tuckwood, Jonathan Gray, Gray, Jeenah, Chad Williams, BREIT, they're, Patrick Davitt, QTS, Nadeem Meghji, Meghji, ChatGPT, Matthew Barakat, Prince William County, redemptions, Selwyn Gerber, Gerber, Matt Malone Organizations: Blackstone, Income Trust, QTS Realty Trust, Evercore, Wealth Management, Reuters, Autonomous Research, Blackstone Infrastructure Partners, McKinsey, AP, Starwood, MSCI's, Los, RVW, Opto Investments, FS Investments Locations: California, BREIT, QTS, Americas, CBRE, Manassas , Virginia, Prince William, Virginia, Brookfield, Los Angeles, Bellagio, Las Vegas

☆ Bounce in European property stocks: false start or turning point?
▼ + stars: | 2023-08-24 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

MILAN, Aug 24 (Reuters) - It's hard to be bullish about real estate in an environment of sharply higher interest rates. Two years of steep falls have made European property a short-seller favourite as sector valuations and investor positioning plunged to levels last seen during the 2008 global financial crisis. A gauge of European real estate shares (.SX86P) has halved in value to about $131 billion since 2021, but the mood shifted in July as earnings expectations improved. "Things aren't great for real estate companies and that's why they are trading at a huge discount. Meanwhile, BlackRock's iShares European Property ETF (IPRP.L) has seen a 10% surge in inflows from late February, according to data on its website.

Persons: Gerry Fowler, Zsolt Kohalmi, BlackRock's, Natixis, Banks, Charles de Boissezon, Kohalmi, UBS's Fowler, Danilo Masoni, Sinead Cruise, Elaine Hardcastle Organizations: MILAN, European Equity, UBS, European Central Bank, Pictet, Advisors, P Global Market Intelligence, Property, Bank of, Societe Generale, Equity, Thomson Locations: Europe, London, U.S

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