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☆ Rafael Nadal vs Alexander Zverev preview: Nadal’s French Open aura is an opponent
▼ + stars: | 2024-05-26 | by ( Matthew Futterman | ) www.nytimes.com time to read: +10 min

Fans streamed through the gates, packing Roland Garros, lining up for crepes and champagne and Aperol spritzes. If that latter court is his living room, then the grounds at Roland Garros are his estate. Ever since then, Zverev has wanted another shot at playing Nadal at Roland Garros — though not in the first round, more like a semifinal or a final. The idea of playing Nadal on this clay sends chills through the spines of so many players. In 2022, I remember he came into Roland Garros not winning Monte Carlo, not winning Madrid, not winning Rome.

Persons: France —, Roland Garros, spritzes, —, Ostapenko —, squandering, Lucia Bronzetti, Novak Djokovic, Serena Williams ’, Rafael Nadal, Suzanne Lenglen, Nadal, Court Philippe, Chatrier, Uber, Alexander Zverev, Tim Clayton, Corbis, ” Nadal, He’d, Zverev, hadn’t, ” Zverev, Andrey Rublev, Misha, punking, ‘, “, ”, Rafa, Tsitsipas, Philippe, Roger Federer, it’s, “ I’m, Iga Swiatek, Rafa Nadal, he’s, “ There’s, Monte, Casper Ruud, Gao Jing, Felix Auger, Aliassime, Hubert Hurkacz, I’m, Clive Brunskill Organizations: France — Officially, — Alcaraz, Ostapenko, Roland, Getty, NBA, Nadal, Rafa, Monte Carlo, Madrid, TennisViz Locations: PARIS, France, Osaka, Court, Australia, Barcelona, Monte Carlo, Rome, Xinhua, tennis

☆ Morgan Stanley says these stocks show 'no sign of slowing down' into the summer
▼ + stars: | 2024-05-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

A slate of stocks — including a couple of notable winners — still have plenty more room to run this summer, according to Morgan Stanley. "Despite near all-time high, valuation remains attractive, especially when compared to more well known stocks," he wrote. Warner Music Group Analyst Benjamin Swinburne recently resumed coverage of Warner Music Group with an overweight rating and called the stock a top pick. Warner Music Group "In the past 18 months, the music industry has seen significant positive developments. Progressive "Despite near all-time high, valuation remains attractive, especially when compared to more well known stocks.

Persons: —, Morgan Stanley, it's, Morgan, Morgan Stanley's, Megan Alexander, Alexander, she's, Bob Jian Huang, Huang, Benjamin Swinburne, Swinburne, Price, DELL Organizations: Nvidia, CNBC, Dell Technologies, Hasbro, Body Works, Warner Music Group, Android, Warner Music, Warner, NVIDIA

☆ Russia-Ukraine war: Putin signals he’s open to peace talks, but Ukraine is right to be wary
▼ + stars: | 2024-05-25 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +7 min

Eastern Ukraine CNN —Russian President Vladimir Putin’s signaling this week that he is open to peace talks should be viewed with vast, overshadowing caveats, and the weight of Ukraine’s - and the West’s - past experience of Russian diplomacy. Putin questioned the legitimacy of Ukraine’s President Volodymyr Zelensky, who Moscow has repeatedly assailed, after Kyiv had to delay elections because of the very war Putin started. Zelensky has said he hopes China - Russia’s most potent ally but only partial supporter in the Ukraine war - will attend. Putin may be talking peace now to suggest to Beijing to not be involved in diplomacy about Russia without Russia present. Valentyn Ogirenko/ReutersUkraine’s Foreign Minister, Dmytro Kuleba, said Friday that Putin’s hints at peace talks were directly aimed at sabotaging the summit.

Persons: Vladimir Putin’s, Putin, Moscow’s, Alexander Lukashenko, Volodymyr Zelensky, Viktor Yanukovich, Russian Yanukovich, Lukashenko, Tatyana Makeyeva, –, Zelensky, Valentyn Ogirenko, Dmytro Kuleba, “ Putin, Ukraine ”, MAGA, Dmitri Peskov, Donald Trump, ferociously Organizations: Eastern, Eastern Ukraine CNN —, Reuters, Belarus ’, Kremlin, Kyiv, European Union, NATO, Kharkiv, Reuters Ukraine’s Foreign, Ukraine, American, MAGA Republicans, Congress Locations: Eastern Ukraine, Moscow, Ukraine, Kharkiv, Russia, Istanbul, Kyiv, Donetsk, Belarus, Russian, Syria, Debaltseve, Switzerland, China, Beijing, Valentyn, West, Europe, United States, France, Baltic

☆ The draw has been made for Rafael Nadal at the French Open. It couldn’t have gone much worse for the Spaniard
▼ + stars: | 2024-05-24 | by ( Matias Grez | Sammy Mncwabe | ) edition.cnn.com time to read: +2 min

4 Alexander Zverev in the opening round of what is set to be the final French Open of his career. While Nadal has beaten Zverev seven times in their previous 10 meetings, the German is one of the favorites to lift the title. The fourth seed arrives at Roland Garros full of confidence after winning the Italian Open last week, his ninth Masters 1000 title. The two last met in an intense 2022 French Open semifinal where Zverev retired mid-match following an ankle injury that sidelined him for the rest of the year. The 22-time grand slam champion even admitted after his heavy second-round defeat to Hubert Hurkacz at the Italian Open earlier this month that he wasn’t sure if would be able to play at the French Open.

Persons: CNN — Rafael Nadal, Alexander Zverev, Roland Garros, Nadal, Zverev, Spaniard, Hubert Hurkacz, Novak, Tomas Machac, Stanislas Wawarinka, Andy Murray Organizations: CNN, Nadal, Madrid

☆ This high schooler won $10,000 because he saw a mysterious outbreak killing sea turtles in his Hawaii hometown and decided to do something about it
▼ + stars: | 2024-05-24 | by ( Morgan Mcfall-Johnsen | Ellyn Lapointe | ) www.businessinsider.com time to read: +9 min

He kept seeing green sea turtles with cauliflower-like tumors. And it would just encapsulate the green sea turtles," he said. A green sea turtle afflicted with fibropapillomatosis at the Turtle Hospital in Marathon, Florida in the Florida Keys. Green sea turtles are crucial for the health of reefs worldwide, as they eat algae that would otherwise suffocate the coral. He donned his diving gear and set up motion-sensing underwater cameras to snap photos of green sea turtles.

Persons: —, Maddux Alexander Springer, Springer, fibropapillomatosis, Pablo Cozzaglio, Peggy Scripps, It's, Hugh Gentry, they're, salicornia, Narrissa, Mitchell Pettigrew, that's, he'll Organizations: Service, Business, Turtle Hospital, Getty, National Oceanic, Atmospheric Administration, Google, Springer, Communication, Regeneron, Science, Engineering, Reuters, Hawaii Division, Nature, Hawaii's Department of Health, Honolulu Civil, University of Oregon, Oregon State University Locations: Kāneʻohe, Marathon , Florida, Florida, AFP, Oahu, Hawaii, Kāneʻohe Bay, Kāneʻohe Bay . State, Cavan, Hawaii's, cesspools, Honolulu

☆ The Ambanis are reportedly throwing another lavish pre-wedding party, this time on a cruise ship
▼ + stars: | 2024-05-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Read previewThe Ambanis are continuing their glitzy pre-wedding celebrations with another set of festivities. This story is available exclusively to Business Insider subscribers. Meta CEO Mark Zuckerberg and Priscilla Chan, Microsoft cofounder Bill Gates, and Ivanka Trump also turned up for the events. Mark Zuckerberg and Priscilla Chan at the March pre-wedding party. Representatives for the Ambanis at Reliance Industries did not immediately respond to a request for comment from Business Insider.

Persons: —, Anant Ambani, India's, Mukesh Ambani, Radhika Merchant, Shah Rukh Khan, Ranbir Kapoor, Alia Bhatt, Rihanna, Mark Zuckerberg, Priscilla Chan, Bill Gates, Ivanka Trump, Zuckerberg, Chan, Alexander McQueen, Gautam Adani Organizations: Service, Business, Meta, Microsoft, Fortune, Reliance Industries, Bloomberg Locations: Italy, France, Deccan Chronicle, Gujarat

☆ French Open draw: Nadal’s nightmare draw with Zverev? And who will stop Swiatek?
▼ + stars: | 2024-05-23 | by ( Matthew Futterman | ) www.nytimes.com time to read: +9 min

Follow live coverage of the first day of the French Open 2024 today and game-by-game coverage of Stan Wawrinka vs Andy MurrayOnce upon a time, there was a tennis tournament called the French Open. When it was over, the greatest clay-court player of all time learned that he would have to play a rematch of the 2022 French Open semi-final, where Zverev tore ligaments in his ankle after pushing Nadal to his limits. They’re French Open finalists the past three years, and two of the best clay-court players in the world. She has won three of the past four French Open titles, and has become nearly unbeatable on clay. Ostapenko won the French Open in 2017 (Julien de Rosa/AFP via Getty Images)Ostapenko has beaten Swiatek all four times they have played, and won this tournament in 2017.

Persons: Stan Wawrinka, Andy Murray, Andres Gomez, Carlos Moya, Thomas Muster, Yevgeny Kafelnikov, Gaston Gaudio, Rafael Nadal, Nadal, Alexander Zverev, David Ramos, Novak Djokovic, Zverev, Rafael Nadal's, It’s, Carlos Alcaraz, Monte, Andrey Rublev, JJ Wolf, Next, hasn’t, Julian Finney, Pierre Hugues, Herbert, Luca Nardi, Alejandro Tabilo, Tomas Machac, Roland Garros, Chris Eubanks, there’s, Casper Ruud, They’re, Tsitsipas, Marton Fucsovics, Ruud, Jakub Mensik, Felipe Meligeni Alves, Nicolas Jarry, . Jarry, Corentin Moutet, Tabilo, Men’s, Ra, s 🇨🇿 Toma, Macha, Ben Shelto, 🇬 🇧Dan Evans, She has, Elen, Leo l ia Je, ike Nosk, ina, Ry, aki, Sara S orri, 🇰🇿 Yulia Putin, Cornet 🇷🇴 Sor, lina (15) Organizations: Nadal, Getty, Monte, adal Locations: German, Berlin, Monte Carlo, Barcelona, Rome, Madrid, Geneva, Italy, Chile, Czech, Ost

☆ Israel-Hamas War and Gaza News: Latest Updates
▼ + stars: | 2024-05-23 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +4 min

Family members first saw the footage a few weeks ago via the Israeli military, which formally handed them a copy on Tuesday night, according to the Hostages and Missing Families Forum, which represents families of hostages held captive in Gaza. But hopes for immediate progress appeared remote in the shadow of Israel’s ongoing military operation in Rafah, in southern Gaza, from which over 800,000 Palestinians have fled, according to the United Nations. Image A still image from a video released by the Israeli military showing Israeli soldiers, all young women, during their abduction amid the Hamas-led attack on Oct. 7. Credit... Israeli forces operating in northern Gaza retrieved the bodies of four Israelis abducted on Oct. 7, heightening fears for the remaining captives. “The video is a damning testament to the nation’s failure to bring home the hostages, who have been forsaken for 229 days,” the Hostages and Missing Families Forum said in a statement.

Persons: “ I’m, ” Eli Albag, Liri, they’ve, ”, Benjamin Netanyahu’s, “, Israel Katz, Nahal Oz, heightening, Naama Levy, Agam Berger, Liri Albag, Karina Ariev, Daniela Gilboa, Yoav Gallant, Benny Gantz, Gantz, Yair Lapid, Dmitriy Khavin, Alexander Cardia, Riley Mellen Organizations: Israel’s, United Nations, Families, Reuters, The New York Times Locations: Gaza, “, Rafah, Ireland, Norway, Spain, Palestinian, Nahal, Palestine, Israel

☆ The Full Guest List for Biden’s State Dinner With Kenya
▼ + stars: | 2024-05-23 | by ( Minho Kim | ) www.nytimes.com time to read: 1 min

The White House invited more than 450 guests to the state dinner hosted by President Biden for President William Ruto on Thursday night, including business executives, musicians, leaders of the United Nations, community organizers and scholars on sustainable development. Former President Barack Obama also attended the event, although he was not included on a list of those invited provided by the White House. Here is the full list of others invited. THE PRESIDENT AND DR. BIDENHIS EXCELLENCY WILLIAM SAMOEI RUTO, PRESIDENT OF THE REPUBLIC OF KENYA, AND HER EXCELLENCY RACHEL RUTOAlice P. Albright, chief executive of Millennium Challenge Corporation, and Gregory B. BowesElizabeth E. Alexander, communications director for the first lady, and David Wade

Persons: Biden, William Ruto, Barack Obama, WILLIAM SAMOEI RUTO, RACHEL RUTO Alice P, Albright, Gregory B, Bowes Elizabeth E, Alexander, David Wade Organizations: White House, United Nations, White, THE, DR, BIDEN HIS, OF THE, OF KENYA, Millennium Challenge Corporation

☆ How the US Navy's Virginia-class attack submarine gives the US an edge in global undersea superiority
▼ + stars: | 2024-05-23 | by ( Kris Osborn | ) www.businessinsider.com time to read: +6 min

The Navy's Virginia-Class: The best submarine of all timeThe Virginia-class attack submarine USS Virginia returns to Naval Submarine Base New London after her maiden six-month deployment. Given these and other variables, Virginia-class submarines are becoming increasingly critical to clandestine "intel" missions in high-risk areas. Virginia-class vs. Kilo-class submarinesFuture Virginia-class attack submarine PCU Idaho during a christening ceremony at General Dynamics Electric Boat shipyard facility in Groton, Connecticut. Attack submarines as "intel spy" submarinesThe Virginia-class fast-attack submarine USS Indiana surfaces in the Beaufort Sea during Operation Ice Camp. This can increase the speed of maneuverability and an attack submarine's ability to quickly shift course, change speed, or alter depth positioning when faced with an attack.

Persons: —, Steven Myers, John Narewski Block, Foster, Alexander Yachanin Organizations: Service, Pentagon, US Navy, Business, Naval Submarine Base, intel, General Dynamics Electric, Intelligence, Camp, Stanford University, Nuclear, Electronics, Brandon Holland, United States Submarine Force, Special Operations Forces, Tomahawk, Forces Locations: Navy's Virginia, Virginia, London, South Dakota, Idaho, Groton , Connecticut, Indiana, Beaufort, Los Angeles, The Virginia, Mississippi, Yokosuka

☆ Businesses in D.C. Blame the Government for the District’s Empty Offices
▼ + stars: | 2024-05-22 | by ( Alexander Nazaryan | ) www.nytimes.com time to read: 1 min

Kostas Fostieris grew wistful as he remembered the workday crowds that once flocked to Greek Deli & Catering, a small restaurant a few blocks from the White House that he has operated for 35 years. At lunch, the line would stretch down the block, Mr. Fostieris said. But then the coronavirus pandemic swept the nation, and the lunch crowds vanished. “It’s like the day and night,” Mr. Fostieris lamented as he sat against a wall adorned with signed photographs of the current and former presidents as well as a plethora of framed reviews — some faded, all glowing — from newspapers, magazines and guidebooks. When asked if business on certain weekdays was especially slow, Mr. Fostieris answered quickly: “Every day.”

Persons: Kostas Fostieris, Fostieris, “, ” Mr, ” Organizations: Deli, Catering

☆ The CEO behind the world's biggest science and engineering fair says the biggest mistake parents make is putting too much pressure on their kids
▼ + stars: | 2024-05-22 | by ( Jenny Mcgrath | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

"But they also feel the pressure of wanting to win and the pressure of going to college," she told Business Insider last week. The biggest mistake that parents with ambitious, curious kids can make is adding to that pressure, she said. Stepping back and letting the kids do the workGrace Sun holds an OECT device that helped her win the ISEF science fair. "We never pressure them," Maria Estrada, whose two children have both competed and won awards at ISEF, told Business Insider. Sun told Business Insider she had to miss hours of school to work in a university lab for her project.

Persons: —, Rhodes, it's, Ajmera, Gen Z, Grace Sun, Chris Ayers, Maria Estrada, Estrada, she's, Alexa Groff, Taylor, Groff, ISEF, Maddux Alexander Springer, Peggy Scripps, Krish Pai, Michelle Wei, George D Organizations: Service, Science, Engineering, MacArthur Foundation, Business, Society for Science, ISEF, Communication, Sun Locations: Hawaii, California, Kildare, Ireland, Shanghai, China, Los Angeles

☆ BMW unveils its latest ‘Art Car,’ courtesy of abstract artist Julie Mehretu
▼ + stars: | 2024-05-22 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

Designed and engineered in collaboration with the Italian race car manufacturer Dallara, it’s low and wide with an enormous rear wing and a large vertical rudder. For the commission, which marks the 20th BMW Art Car, Mehretu chose to adapt one of her most famous works: The painting “Everywhen,” which is now in the collection of the Museum of Modern Art in New York City. The first woman to take on a BMW Art Car was South African artist Esther Mahlangu, who in 1991 painted a 525i sedan. In 1996, Holzer covered a BMW Le Mans race car in the words “Protect Me From What I Want,” among other provocative phrases. Esther Mahlangu's 'Art Car' featured the bold colors and geometric patterns used in the traditional arts and crafts of the Southern Ndebele people.

Persons: Andy Warhol, Jeff Koons, Jenny Holzer, Robert Rauschenberg, Julie Mehretu, Mehretu, ” Mehretu, André, Alexander Calder, Hervé Poulain, Poulain, Calder, Roy Lichtenstein, Warhol, Esther Mahlangu, Holzer, Esther Mahlangu's, Enes, Goldman Sachs, “, Marian Goodman, I've, ” Julian Kroehl, BMW Mehretu, Madeleine Grynsztejn, ”, Julie, ” Grynsztejn Organizations: CNN, BMW, Pompidou Center, Le, Dallara, Museum of Modern Art, BMW “, CSL, BMW Le, Daytona, Fine Arts, Rhode Island School of Design, MacArthur, US Department of State, of, Pritzker, Museum of Contemporary Art Chicago Locations: Ethiopian American, Paris, New York City, American, African, Southern, Manhattan, Addis Ababa, Ethiopia, United States, New York

☆ First Solar earnings could surge 370% by 2027 as Big Tech hunts for renewables to power AI, UBS says
▼ + stars: | 2024-05-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

First Solar's earnings are expected to surge 374% to $36.74 per share in 2027, analysts led by Jon Windham told clients in a research note Tuesday. Utility-scale solar represents 80% of the corporate power purchase agreements over the past five years, and the four tech companies represent 40% of utility-sale solar demand, according to UBS. First Solar makes thin-film solar modules rather than silicon-based modules that are dominated globally by China. This will allow First Solar customers to benefit from the 10% domestic content tax credit under the IRA, which is worth about 10 cents per watt of solar power. "FSLR is also a hedge against potential weakness in the 'sustainability' of the Chinese silicon based solar supply chain."

Persons: Jon Windham, Windham, Goldman Sachs, Mark Widmar, Alexander Bradley Organizations: Big Tech, UBS, Microsoft, Meta, Google, First Locations: U.S, China, Ohio, Alabama, Louisiana

☆ Jamie Dimon might finally be ready to call it quits
▼ + stars: | 2024-05-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyA retirement loomsMarianne Ayala/BIThe world's most recognizable banker might finally be ready to call it quits. The comings and goings of Wall Street executives are common, even at the highest levels. Wall Street has long speculated about who will ultimately succeed Dimon. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found , per The Wall Street Journal. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.

Persons: —, Jamie Dimon's, Marianne Ayala, Jamie Dimon, Insider's Paul Squire, nodded, Morgan Stanley, JPMorgan's, Tom Williams, Dimon, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, BI's Reed Alexander, Reed, M, Alyssa Powell, Goldman Sachs, Lindsay MacMillan, Nancy Lazar, Piper, Martin Gruenberg, OpenAI, Scarlett Johansson, Sam Altman's, Andrea Chronopoulos, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Navy SEAL, Business, JPMorgan, Street, Citi, Bank, Inc, Getty, Wall, Dimon, Bank of America, FDIC, Microsoft, Wall Street Journal Locations: New York, London

☆ England’s Euro 2024 squad: Adam Wharton and Eberechi Eze included, Marcus Rashford misses out
▼ + stars: | 2024-05-21 | by ( Omar Garrick | ) www.nytimes.com time to read: +7 min

Gareth Southgate has named his 33-man provisional England squad for this summer’s European Championship in Germany. Manchester United forward Marcus Rashford has been left out of Southgate’s squad. Rashford and Henderson won’t be part of the England squad this summer (Gaspafotos/MB Media/Getty Images)“Hendo has given himself every chance,” Southgate said. I have talked with him and the medical team are liaising with Manchester United very closely. Midfielders: Trent Alexander-Arnold (Liverpool), Conor Gallagher (Chelsea), Curtis Jones (Liverpool), Kobbie Mainoo (Manchester United), Adam Wharton (Crystal Palace) Declan Rice (Arsenal).

Persons: Gareth Southgate, Marcus Rashford, Southgate, Marcus, ” Rashford, “ Gareth, Jordan Henderson, Henderson, Henderson won’t, Hendo, ” Southgate, hasn’t, Rashford, Mainoo, J ames, juri, Oliver Glasne, siti, ned 82 sen, It w, sid, ter City), Kier, ber, Jack G, Gordon (Newca, o ney, Brent, atkin Organizations: England, Manchester United, ”, Ajax, UE, nsa, Aston Locations: Germany, England, Jordan, Brazil, Bowen, ayer, Munich, Bosnia, Serbia

☆ A Black Teenager Was Wrongfully Executed in 1931. Now His Family Is Suing.
▼ + stars: | 2024-05-21 | by ( Sopan Deb | ) www.nytimes.com time to read: +1 min

On June 8, 1931, Alexander McClay Williams, a 16-year-old Black student, was executed by electric chair, the youngest person to be put to death in Pennsylvania history. Months earlier, Alexander had been convicted of murdering a 34-year-old white woman, Vida Robare, a matron at the reform school outside Philadelphia that Williams attended. There were no witnesses to the murder, and evidence that might have cleared Alexander was kept from the jury by prosecutors. For almost four decades, Sam Lemon, a great-grandson of William Ridley, Alexander’s lawyer, worked to reveal that Williams had not committed the crime, and was the victim of gross prosecutorial misconduct by Delaware County, Pa.A judge overturned the conviction in 2022 and granted a motion for a retrial. Jack Stollsteimer, the Delaware County district attorney, moved to dismiss the charges posthumously, acknowledging yet another example of a Black person being wrongfully convicted of a crime they hadn’t committed.

Persons: Alexander McClay Williams, Alexander, Vida Robare, Williams, Sam Lemon, William Ridley, Jack Stollsteimer Locations: Pennsylvania, Philadelphia, Delaware County, Pa

In the Opinion video above, Dr. Samer Attar, an American surgeon from Chicago, shows us the unfathomable brutality of the war in Gaza. He was a member of the first delegation of international doctors to embed in the northern part of the territory this spring. Over two weeks, Dr. Attar volunteered at local hospitals and filmed what he saw. Dr. Attar’s video diaries capture the war’s toll on civilians and the struggle among Palestinian medical workers to save lives amid extreme shortages of critical medicine, blood and basic supplies in Gaza’s shattered health care sector. As pressure for a cease-fire mounts, Dr. Attar argues in this video that any agreement must include three concrete terms to save thousands of innocent lives in Gaza.

Persons: Samer Attar, Dr, Attar, —, Attar’s Organizations: Awda, Sunday Locations: American, Chicago, Gaza

☆ The West can't completely isolate Russian banks because it would be disastrous beyond Russia
▼ + stars: | 2024-05-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

There's one major thing the West could, but won't, do: kill all Russian banks' access to the Society for Worldwide Interbank Financial Telecommunications, or SWIFT. 'Russia's economy is in deep, deep trouble'Despite the West's frustration with how Russia's economy still appears to be holding up, the sanctions appear to be finally working. "In five years, you're going see a really disastrous slowdown in the Russian economy," said Portes, who called for stronger sanctions enforcement. AdvertisementIn April 2022, Russia's central bank governor Elvira Nabiullina warned Russia's reserves can't last forever. "A significant problem is that they are running out of foreign exchange reserves, and you can't create foreign reserves," Portes added.

Persons: —, hasn't, SWIFT, Alex Capri, Richard Portes, Portes, Alexander Kolyandr, Elvira Nabiullina, Russia's Organizations: Service, West, Society, Worldwide Interbank Financial Telecommunications, Business, SWIFT, European Union, National University of Singapore, US Customs Service, London Business School, Carnegie Endowment, International Peace, Central Bank of Locations: Russia, Ukraine, Moscow, Russian, SWIFT, Capri, Asia Pacific, Europe, India, China, Central Bank of Russia, Russia's

☆ JPMorgan just unleashed hundreds of Investor Day slides. These 6 hold key clues about the bank's future, from investment banking to AI.
▼ + stars: | 2024-05-20 | by ( Reed Alexander | ) www.businessinsider.com time to read: +1 min

She said her unit now aspires to train all of its workers in AI to get them ready "for the AI of the future," and she outlined some of the ways AI is helping bankers do their jobs. She said AI is reducing what she called "no joy" work. Some of the ways the bank thinks AI can come in handy are big and sweeping, while others are small by comparison. Broadly speaking, AI was a hot topic for other bank leaders at investor day, too. "You can't envision one app, one database, or one job where it's not going to help aid or abet."

Persons: Mary Erdoes, Jamie Dimon, it's

☆ Jamie Dimon says a BofA banker's untimely death sparked questions inside JPMorgan: 'What can we learn?'
▼ + stars: | 2024-05-20 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

At the time, Dimon said, the priority was to understand "what we do know, what can we learn from it." Dimon's comments come as the investment-banking industry grapples with the surprising deaths of not one but two deaths at BofA this month. "We're aware of these stories, and they are tragic and incredibly sad," Rohrbaugh continued, calling it the "job" of bank leaders to look after employees' health on the job. AdvertisementCurrent and former employees at BofA told Business Insider that 100-hour workweeks were not unusual at the bank. Earlier this month, a BofA spokesperson told BI of Lukenas' passing: "We are very saddened by the loss of our teammate.

Persons: Jamie Dimon, JPMorgan Chase, Leo Lukenas III, Robin Leopold, Dimon, Troy Rohrbaugh, Rohrbaugh, Lukenas, headhunter Douglas Walters, Adnan Deumic, cardigan, Reed Alexander Organizations: Service, JPMorgan, Bank of America, Business, New York, Medical, BofA, Reuters, GrayFox, Bloomberg, Wall Locations: America's, BofA, London

☆ Buy this little-known brokerage that's poised to rally more than 70%, Goldman Sachs says
▼ + stars: | 2024-05-20 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Financial services company Marex Group could see more than 70% from here, due to its momentous growth rate, according to Goldman Sachs. The firm initiated coverage of London-based Marex Group, a global broker-dealer and commodities market maker, on Monday with a buy rating and a $33 per share price target. About half the growth came from acquisitions, while the rest came from organic growth and share gains, according to Goldman analyst Alexander Blostein. Catalysts behind this growth include strong industry volumes and tailwinds for the Futures Commission Merchants market. Marex Group debuted on the Nasdaq in late April, priced initially at $19 a share.

Persons: Goldman Sachs, Goldman, Alexander Blostein, Blostein, MRX, ROE Organizations: Marex, Futures Commission Merchants, Nasdaq, Futures Commission Locations: London, Europe

☆ Hedge fund manager known for M&A picks reveals a new takeover target
▼ + stars: | 2024-05-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Oil services company Weatherford International is a ripe takeover target, according to Alexander Roepers, founder and chief investment officer at Atlantic Investment, who said the stock is set to soar. The Cambrian Fund at Atlantic Investment is up by about 40% over the past one year. The other two, Univar Solutions and West Rock, were acquired by private equity giant Apollo and Smurfit Kappa , respectively, resulting in significant gains for Atlantic Investment. SMDS-GB 1Y line Atlantic Investment ultimately sold its position, as they believed the company's value was between 450 and 500 pence. When asked about his approach to selling stocks, Roepers emphasized the importance of discipline.

Persons: Alexander Roepers, Weatherford, WFRD, Roepers, Kappa, Smith, I'm Organizations: Weatherford, Atlantic Investment, Schlumberger, Halliburton, London Value Investor Conference, Cambrian Fund, Value, Rheinmetall, Solutions, Investment Locations: Texas, Weatherford, Roepers, Ukraine, Atlantic, British, U.S

☆ Jurgen Klopp: An emotional farewell for a manager like no other
▼ + stars: | 2024-05-19 | by ( Aimee Lewis | ) edition.cnn.com time to read: +4 min

On a sun-soaked Sunday at Anfield, Jurgen Klopp managed Liverpool for the last time and salty tears filled eyes; from the man himself to his players and fans. There were many trophies, arguably there should have been more – two Champions League finals lost, a Europa League final lost, the Premier League lost by a point twice. Fans greet Liverpool's manager Jurgen Klopp ahead the English Premier League soccer match between Liverpool and Wolverhampton Wanderers. It will arguably take Liverpool fans, and even the Premier League, longer to get used to a post-Klopp era. The Klopp era will not be replicated, Liverpool fans know that, which is why he was given such a special farewell.

Persons: Jurgen Klopp, Klopp, “ It’s, ” Klopp, Ulla, –, Jon Super, Virgil van Dijk, “ I’ve, ”, Van Dijk, “ He’s, Allison, “ I’m, Danke Jurgen ”, Jurgen Klopp's, Trent Alexander, Arnold Organizations: CNN, Liverpool Football Club, Anfield, Liverpool, Sky Sports, Wolves, Premier League, Champions League, FA, League, Europa League, verve, English Premier League soccer, Wolverhampton Wanderers, AP Locations: Anfield

☆ These stocks, including Nvidia, are still cheap and compelling, Bank of America says
▼ + stars: | 2024-05-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

The other buy-rated stocks are Raymond James Financial , S & P Global , Monster Beverage and Topgolf Callaway Brands. The analyst said he's bullish on each of Raymond James' individual businesses including asset management, capital markets and brokerage services. Further, Raymond James offers a steady stream of organic growth and a "cheap valuation," McLaughlin said. Raymond James is also in a place to take advantage of the current high rate environment, he added. Raymond James Financial "Reiterate Buy; cheap valuation + overlooked qualities.

Persons: Raymond James Financial, Raymond James, Mark McLaughlin, he's, RJF, McLaughlin, Peter Galbo, Galbo, MNST, Topgolf, Alexander Perry, Topgolf Callaway, Perry, … MODG Organizations: of America, Nvidia, CNBC, Bank of, P, Monster Beverage, Topgolf Callaway Brands, Raymond James Financial, Beverage, …, IHS Locations: comps, Topgolf

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