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"You have to have a backbone to govern this country," Bullrich, the candidate for the Together for Change coalition, told Reuters at a recent press event. Bullrich is facing front-runner libertarian economist Javier Milei, who is promising more extreme policies, and economy minister Sergio Massa. She also cited the strong political machinery of the conservative coalition. Bullrich, replying to Reuters, said that the coalition - win or lose - would be a strong political force with around 10-11 governors and large presence in Congress. Another voter, 61-year-old retiree Patricia Amalia Rojas, said she backed Bullrich for her tough line on gangs and crime.

Persons: Patricia Bullrich, Bullrich, Javier Milei, Sergio Massa, Fernando de la Rua, Mauricio Macri, Cristian Ritondo, Maria Alejandra Ferreyra, Milei, Horacio Larreta, Ana Balcarce, Lomas de Zamora, Macri, Facundo Martinez Maino, Patricia Amalia Rojas, Eliana Raszewski, Adam Jourdan, Marguerita Choy Organizations: Peronist, Change, Reuters, Milei, Massa, Buenos Aires, University of Avellaneda, Lomas, Monetary Fund, Thomson Locations: BUENOS AIRES, Argentine, Argentina, Buenos Aires, Bullrich, Buenos

It's become a popular way to send notes to friends without having to type long messages, especially among Gen Z. Not only is using a digital camera nostalgic, they have sharper flash and crisper image quality than a smartphone. As a result, some members of Gen Z are turning to flip phones. In other words, flip phones are helping Gen Z unplug without going entirely off the grid. Dark modeZoom In Icon Arrows pointing outwards Gen Z uses dark mode instead of light mode.

Persons: Daniel de la, Gen Z's, It's, Gen Z, WhatsApp, Emojis, Z, Gen, Jake Piazza, Zoomers Organizations: Pew Research Center, CNBC, Photodisc, Getty, Media, Walmart, Amazon Locations: TikTok

☆ Putin visits 'dear friend' Xi in show of no-limits partnership
▼ + stars: | 2023-10-17 | by ( Ryan Woo | ) www.reuters.com time to read: +4 min

[1/3] Russia's President Vladimir Putin arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 17, 2023. Xi last saw his "dear friend" in Moscow just days after the warrant was issued. At the time, Xi invited Putin to attend the third Belt and Road forum in Beijing, an international cooperation forum championed by the Chinese leader. As the forum's chief guest, Putin will speak after Xi on Wednesday and will meet with the Chinese president for bilateral talks later that day. It would be Putin's third attendance of the Belt and Road Forum, which runs through Wednesday.

Persons: Vladimir Putin, Parker, Xi Jinping, Putin, Wang Wentao, Xi, Ryan Woo, Lidia Kelly, Christopher Cushing, Simon Cameron, Moore Organizations: Beijing Capital International Airport, Forum, REUTERS Acquire, Rights, Court, ICC, Reuters, Chinese Commerce, Kremlin, Beijing, Olympics, Rosneft, Gazprom, Thomson Locations: Beijing, China, Rights BEIJING, Ukraine, Hague, Soviet Union, Kyrgyzstan, Soviet, Moscow, Vietnam, Thailand, Mongolia, Laos, Russia, Asia, Africa, Europe, Putin's, Melbourne

☆ Marc Andreessen is getting raked over the coals for calling social responsibility the 'enemy'
▼ + stars: | 2023-10-17 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

VC Marc Andreessen wrote a lengthy missive this week, titled "The Techno-Optimist Manifesto." AdvertisementAdvertisementIt wouldn't be a Marc Andreessen essay if the internet didn't lose its mind over it. Rather, technology, he wrote, can solve for "any material problem" under the sun and herald a new era of "abundance for everyone." The backlash to Andreessen's essay was swift. He runs one of the biggest venture capital firms by assets and perceived importance.

Persons: Marc Andreessen, —, Kara Swisher, Andreessen, Ben Collins, Andreessen's missive, Dorothea Baur, Cameron Moll, he's, Gary Marcus, Marcus, what's, Aravind Srinivas, A16z, Collins, Andreessen Horowitz, Del, Johnson Organizations: Service, Securities and Exchange Commission, Facebook, Backstage Capital, Silicon Valley Bank, Venture Locations: Silicon Valley, Del Johnson, Silicon

GM will report third-quarter results Oct. 24, with Ford following on Oct. 26. The strikes have costing GM and Ford more than $500 million, JP Morgan analyst Ryan Brinkman estimated in a note Monday. Ford is now losing $44 million a day, while GM is losing $21 million a day, Brinkman estimated. GM and Ford shares have fallen sharply since July as the standoff with the UAW has intensified. GM has set up a new, $6 billion credit line as insurance against an expanded UAW strike.

Persons: Rebecca Cook, Morgan Stanley, Adam Jonas, Morgan, Ryan Brinkman, Ford, Brinkman, Shawn Fain, Fain, Mich, Farley, Tim Piechowski, Joe White, David Evans Organizations: Rouge Electric Vehicle, REUTERS, Rights, General Motors, Ford, United Auto Workers, GM, Ford's, Kentucky, Detroit, EV, UAW, Capital Research, Investments, Thomson Locations: Dearborn , Michigan, U.S, Ford's Kentucky, Marshall

☆ Here's what all the major analysts expect from Goldman Sachs' earnings Tuesday
▼ + stars: | 2023-10-16 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Analysts expect yet another lackluster quarter for Goldman Sachs , but are not ready to turn away from the stock. Analysts expect earnings per share of $5.31 and net revenue of nearly $11.19 billion, according to estimates from LSEG. "We believe GS is well positioned to benefit from positive secular capital markets related trends (trading benefiting from volatile markets). Jefferies similarly expects a muted quarter for Goldman, forecasting $5.09 per share in third-quarter earnings. The deal will result in a 19 cents per share reduction to the bank's third-quarter earnings, Goldman said.

Persons: Goldman Sachs, Goldman, Jason Goldberg, Goldberg, Jefferies, Daniel Fannon, Fannon, Ebrahim Poonawala, Wells, Mike Mayo, Mayo Organizations: Goldman, Bank of America, Downside, Sixth Locations: LSEG, New York, Goldman Sachs, Friday's, Wells

[1/4] Indonesian President Joko Widodo arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 16, 2023. Ten years on, the most senior EU leader expected to attend the third Belt and Road (BRI) Summit this week is Hungary's populist Viktor Orban, who will join guests including Russia's Vladimir Putin and a minister of the Afghan Taliban. Other analysts say economic slowdown both in China and globally, and rising commodity prices, have also cast a pall over the initiative. Wang Huiyao, president of the Center for China and Globalization think tank, said the BRI had "greatly pushed forward global awareness about the infrastructure deficit". "It's not perfect, but it’s a process, and people are gradually realising it's so important: we need to build infrastructure.

Persons: Joko Widodo, Ken Ishii, Putin, Orban, Britain's, Viktor Orban, Russia's Vladimir Putin, Xi, Jinping, Matthew Erie, they've, Raffaello Pantucci, Ruby Osman, Tony Blair, Osman, Wang Huiyao, Wang, Joyce Zhou, Vineet Sachdev, Antoni Slodkowski, Don Durfee, Robert Birsel Organizations: Beijing Capital International Airport, Forum, REUTERS Acquire, Initiative, University of Oxford, Reuters, Washington, American Enterprise Institute, S.Rajaratnam School of International Studies, Tony, Tony Blair Institute for Global, Global Development Initiative, Monetary Fund, Sri, Center for, Thomson Locations: Beijing, China, Italy, Xi's, BEIJING, Western Europe, EU, Taiwan, United States, Ukraine, Erie, CHINA, America, Africa, Russia, Kazakhstan, Congo, Singapore, China's, Argentina, Sri Lanka, Zambia, Center for China

[1/4] Indonesian President Joko Widodo arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 16, 2023. Ten years on, the most senior EU leader expected to attend the third Belt and Road (BRI) Summit this week is Hungary's populist Viktor Orban, who will join guests including Russia's Vladimir Putin and a minister of the Afghan Taliban. Such Western doubts have coincided with Xi's assertive leadership and a deterioration in ties over trade, human rights, COVID-19 and Taiwan. Other analysts say economic slowdown both in China and globally, and rising commodity prices, have also cast a pall over the initiative. "It's not perfect, but it’s a process, and people are gradually realising it's so important: we need to build infrastructure.

☆ US oil is back, and ExxonMobil's $60 billion deal isn't even the biggest signal
▼ + stars: | 2023-10-15 | by ( Tim Mullaney | ) www.cnbc.com time to read: +8 min

The news came a day after a $60 billion deal between Exxon Mobil and independent oil producer Pioneer Natural Resources . Monthly production topped out at 13 million barrels per day in November 2019 and hit 9.9 million by February 2021. And offshore oil drilling in the Gulf of Mexico recovered to 2 million barrels a day, but hasn't grown. Where oil companies have been spending their money U.S. oil companies cut capital spending to $106.6 billion last year from $199.7 billion in 2014, according to Statista, contributing to the decline in oil production and arguably delaying the recovery. According to Energy Department data, oil and gas companies paid out about $75 billion per quarter in the last year.

Persons: Brittany Sowacke, Rob Thummel, hasn't, what's, Thummel, Alexandre Ramos, Jay Hatfield, doesn't, Baker, Hughes, Darren Woods, Woods, Hatfield, Ramos, Peon, aren't Organizations: Bloomberg, Getty, Energy, U.S . Department of Energy, Exxon Mobil, Natural Resources, Wall, Exxon, Big Oil, America, Rystad Energy, Oil, Infrastructure Capital Advisors, Energy Department, Pioneer, CNBC, Chevron, PDC Energy, Noble Energy, Independent, Global, ExxonMobil, OPEC, Iran Locations: Midland , Texas, Brittany, Kansas City, Mo, U.S, Oklahoma, North Dakota, Alaska, Gulf, Mexico, Texas, New Mexico, Colorado, New York, American, Hatfield, Israel, Iran

☆ The CEO of $800 million startup SuperOrdinary explains why he's betting on live shopping and creators as it raises new funding to expand
▼ + stars: | 2023-10-13 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +6 min

SuperOrdinary wants to be the next unicorn out of the creator economy — and it's betting on live shopping and influencers to get there. Why SuperOrdinary is bullish on live shoppingWhile live shopping has had a lukewarm appeal in the US, SuperOrdinary sees itself as a potential breakthrough. "SuperOrdinary has been live shopping or livestreaming since the beginning of the company," Reis said. The key to cracking live shopping isn't just discounts, Reis added, but fine-tuning the experience for the American consumer. "We really think that the consumer here is slowly moving across to more entertainment-style shopping," Reis said.

Persons: SuperOrdinary, Julian Reis, Reis, Fanfix, " Reis, We've, TikTok, Addison, Sephora, MrBeast, Jen Atkin's, David Yi's skincare Organizations: Intelligence, Bizrate, Brands Locations: Shanghai, Los Angeles, Indonesia

☆ Millennium isn't Schonfeld's only suitor. Investors like Blackstone and Abu Dhabi's wealth fund are also in the picture, as the deal is far from certain.
▼ + stars: | 2023-10-13 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +4 min

The message was that a tie-up with Millennium was a 50-50 proposition and that any agreement would be contingent on Schonfeld remaining independent. Other strategic investors in the mix include Blackstone, GIC, and Future Fund, an Australian sovereign wealth vehicle that's already a significant Schonfeld investor. Schonfeld's assets have dipped this year amid meager returns, and the fund has cut costs and slowed hiring in recent months. But fundraising from cautious institutional investors is time-consuming, and Millennium chief trading officer Mark Meskin contacted Schonfeld's leadership to discuss a potential tie-up, sources say. Schonfeld, industry sources say, was likely under pressure from existing investors, who have had to bear a higher brunt of the fees following redemptions.

Persons: Izzy Englander, Justin Gmelich, Ryan Tolkin, Schonfeld, Steve Schonfeld's, Mark Meskin, Schonfeld's, — Organizations: Financial Times, Millennium, Schonfeld, Tolkin, Abu, Abu Dhabi Investment Authority, year's, Future Fund Locations: Manhattan, Millennium's, Abu Dhabi, Schonfeld

☆ Wells Fargo remains a stock to own, as the bank reports stellar quarterly results
▼ + stars: | 2023-10-13 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Bottom line Wells Fargo's quarterly revenue outpaced expectations on the back of better-than-expected results for both net interest income (NII) and non-interest income. Middle-market banking revenue increased 23% year-over-year, as higher interest rates and loan balances were only partially offset by lower deposits. Asset-based lending and leasing revenue was up 3% annually, a result of loan growth and increased revenue from renewable energy investments. Total banking revenues increased 20% year-over-year, a result of higher rates and lending revenues, along with "higher investment banking revenue on increased activity across all products." Commercial real estate revenue increased 14% year-over-year, due to higher rates and revenue growth in the firm's low-income housing business.

Persons: Wells, Wells Fargo, we've, Charlie Scharf, Wall, Scharf, NII, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Wells, Basel III, Management, Consumer, Auto, CNBC, Wells Fargo Bank Locations: Wells Fargo, Basel, U.S, San Bruno , California

REUTERS/Maxim Shemetov/Illustration/File Photo Acquire Licensing RightsSummaryCompanies Russian rouble climbs to over 2-week high vs dollarMove comes after Putin reimposes currency controlsRouble had slumped to over 18-month low this weekAnalysts expect rouble to firm more in coming weeksOct 12 (Reuters) - Russia's rouble leapt against the U.S. dollar on Thursday after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to buttress the currency. The rouble collapsed to a record low in the weeks after Russia invaded Ukraine last year, before Moscow imposed similar capital controls that saw it recover to a seven-year high. Kogan warned, however, that by 2025-2026 businesses would form plans based on a rouble rate of 100-105. The central bank endorsed the measures, a shift in its stance, after it previously warned of the inefficiency of currency controls. "The rouble is even less tradable for foreign investors after Russia re-imposed some capital controls," Piotr Matys, senior FX analyst at In Touch Capital Markets.

Persons: Maxim Shemetov, Putin, Rouble, rouble, Vladimir Putin, Yevgeny Kogan, Kogan, Gref, Andrei Belousov, Piotr Matys, Dmitry Polevoy, Brent, Alexander Marrow, Amruta, Robert Birsel, Mark Potter, Varun, Alexander Smith Organizations: REUTERS, U.S, Russia's Higher, of Economics, TASS, Wednesday, Bank of Russia, FX, Touch, Thomson Locations: Moscow, Russia, Ukraine, outflows, Locko, Bangalore

☆ EU watchdog piles pressure on banks to better quantify climate risks
▼ + stars: | 2023-10-12 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Other "enhancements" to capital rules include adding environmental and social factors to external credit assessements of banks by credit rating agencies. Banks would also be required to identify whether environmental and social factors are triggers of operational risk losses, EBA said. "Improving the quality of data on environmental risks is a key priority as most recent data may not yet reflect environmental risks in full...," EBA said. The watchdog will develop in-house "metrics" to help it supervise environment-related risks at banks. More comprehensive revisions to capital rules to reflect climate risks will be considered for the medium to long term, EBA said.

Persons: Alexandros Avramidis, Banks, Huw Jones, Nick Macfie Organizations: REUTERS, European Banking, European Banking Authority, prudential, EBA, Thomson Locations: Provatonas, Evros, Greece

☆ Bankruptcies in Europe to level off late next year at earliest -Scope
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 12 (Reuters) - The number of companies in Europe that go insolvent will keep growing until at least late next year as higher interest rates and tougher financing conditions weigh on businesses, according to a Scope Ratings analysis seen by Reuters on Thursday. European companies will be on the hook for about 8.2 billion euros ($8.71 billion) in additional interest payments in refinancing maturing capital-market debt next year, it said. Those extra interest costs from durably higher borrowing rates are set to increase again in 2025 and 2026, it said. Assuming a similar scenario for bank debt, extra annual interest paid in 2024 will grow to more than 40 billion euros. ($1 = 0.9414 euros)Reporting by Rene Wagner, Writing by Miranda Murray, Editing by Friederike Heine, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Rene Wagner, Miranda Murray, Friederike Heine, Robert Birsel Organizations: Reuters, European Union, Thomson Locations: Europe

☆ These 3 bank stocks are Wall Street's favorites heading into earnings reports for the industry
▼ + stars: | 2023-10-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Banks have suffered as interest rates linger at higher levels for longer, making the cost of borrowing money more expensive. Investors such as Neuberger Berman's Steve Eisman aren't optimistic about the sector either heading into earnings season due to higher capital requirements . Earnings per share have been growing at least 5% on average a year for the past three years, showing earnings consistency. Average analyst consensus forecasts call for nearly 13% upside from Wednesday's $122.74 close. JPMorgan also made the list, with the average analyst price target calling for close to 16% upside.

Persons: Banks, Neuberger, Steve Eisman, KeyCorp, Piper Sandler, Ebrahim Poonawala Organizations: CNBC Pro, PNC, Bank of America, JPMorgan Locations: Cleveland, Pittsburgh

☆ Most Japanese firms expect China's economic slowdown to persist into 2025 - Reuters poll
▼ + stars: | 2023-10-11 | by ( Tim Kelly | ) www.reuters.com time to read: +3 min

Of 502 major Japanese companies surveyed by Reuters, 52% said they expected the slowdown in China to continue into 2025, with 17% predicting weaker economic growth to persist until the end of 2024. The value of that cross-border economic activity jumped 14% to 43.8 trillion yen ($294 billion) last year, according to the Japanese government. Japanese companies also operate from more than 31,000 locations in the country. Some 45% of the firms that responded to the survey said the slowdown in China had affected their businesses. The Reuters Corporate Survey, conducted for Reuters by Nikkei Research between Sept. 27 and Oct. 6, canvassed 502 big non-financial Japanese firms.

Persons: Dado Ruvic, Fumio Kishida, Tim Kelly, Stephen Coates Organizations: REUTERS, Reuters, Cargo, Reuters Corporate Survey, Nikkei Research, Thomson Locations: China, Japan TOKYO, Japan

☆ China's Big Tree Cloud in $500 mln SPAC deal for US listing
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah Moon Acquire Licensing RightsOct 10 (Reuters) - U.S. blank-check firm Plutonian Acquisition Corp (PLTNU.O) agreed to merge with Big Tree Cloud International Group for the Chinese personal care products company to go public in a deal that will value the combined enterprise at about $500 million. After the completion of the merger with the special purpose acquisition company, Big Tree Cloud International Group will be operated under a holding entity named Big Tree Cloud Holdings Ltd and listed on the Nasdaq Stock Market, according to the statement. Big Tree Cloud, based in the southern Chinese tech hub Shenzhen and founded in 2020, focuses on feminine hygiene products like sterilized feminine pads and menstrual pants. "The proposed business combination with Plutonian Acquisition will enable us to accelerate our effort of accomplishing our mission of offering premium personal care products to consumers and expanding our product portfolio beyond feminine care," said Big Tree Cloud founder Wenquan Zhu.

Persons: Wenquan Zhu, Rishabh, Roxanne Liu, Rashmi Aich, Subhranshu Organizations: Nasdaq, REUTERS, Plutonian, Cloud, Group, U.S . Securities, Exchange Commission, Market, Cloud Holdings, Thomson Locations: New York City, U.S, Shenzhen, Bengaluru, Beijing

☆ A hedge-fund manager who's up 50% this year almost entirely without help from the 'Magnificent 7' shares 3 stocks he's betting on for continued outperformance — and his leverage strategy for amplifyin
▼ + stars: | 2023-10-11 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He said he's liked management's capital allocation as it's continued to grow through acquisitions, and that the firm has fundamental tailwinds. Leverage and risk managementLike hedge funds do, Tomicki relies on leverage, or borrowed money that he then invests, to amplify his returns. He said for every $1 of investor capital he receives, he's long by $3 per stock, meaning returns are multiplied by three. To further lessen his overall portfolio risk, Tomicki said he runs the 200-plus stocks that satisfy his three selection criteria through a quantitative model. However, Goldman Sachs strategists recently said the seven stocks look cheap and could continue to surge.

Persons: that's, Lukasz, Northrop, Tomicki, RLI, there's, Northrop Grumman, Northrup, they've, he's, Russell, outperformance, Goldman Sachs Organizations: Apple, Microsoft, Nvidia —, Northrop Grumman, EMCOR, Air Force, Intercontinental, Missiles Locations: Williams, Sonoma, America

[1/4] The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. The IMF adjusted this year's stress test to probe the impact of its baseline economic scenario of higher interest rates for longer, as well as the possibility of consumers yanking deposits. "Under the baseline, it's about 5% of banks that are relatively weak in terms of their capital. And in severe stress, that number goes up to 30% or sometimes higher," Adrian said. The IMF did not identify the banks that could be in trouble if those economic circumstances arose, but they included both small and large lenders.

Persons: Yuri Gripas, Tobias Adrian, Adrian, There's, Pete Schroeder, Michelle Price, Paul Simao Organizations: Monetary Fund, REUTERS, Rights, International Monetary Fund, IMF, Valley Bank, Switzerland's Credit Suisse Group, Monetary, Capital Markets Department, Palestinian, World Bank, U.S, Thomson Locations: Washington , U.S, California, Israel, Gaza, Marrakech, Morocco, Italy, Federal, U.S

REUTERS/Kevin Lamarque/ Acquire Licensing RightsWASHINGTON, Oct 9 (Reuters) - The U.S. Federal Reserve's top regulatory official defended a sweeping proposal to overhaul bank capital rules before the country's largest bank lobby on Monday, arguing the benefits of a bigger cushion outweigh any additional costs banks might face. The proposal implements international capital standards agreed by the Basel Committee on Banking Supervision in the aftermath of the 2007-2009 financial crisis. Barr's Monday speech, which is his first on bank regulation since the proposal came out, served as a broad-based defense of the effort. "The private costs of capital must be weighed against the social benefits of higher capital in creating a healthier, more resilient financial system," he said, according to prepared remarks. Barr also pushed back against the industry's refrain that higher capital costs for banks will mean curtailed lending and potential economic harm.

Persons: Michael Barr, Kevin Lamarque, Michael Barr's, Barr, Jerome Powell, Powell, Isaac Boltansky, Pete Schroeder, Michelle Price, Josie Kao, Andrea Ricci Organizations: Financial, Valley Bank, Signature Bank, Capitol, REUTERS, Rights, U.S, Federal, Banking, Silicon Valley Bank, Thomson Locations: Washington , U.S, Silicon

☆ Top Wall Street analysts expect these dividend stocks to boost portfolio returns
▼ + stars: | 2023-10-08 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

The company's dividend hike of 3.4% last year marked the 40th consecutive year of annual dividend growth. Mizuho analyst Nitin Kumar reiterated a buy rating on Exxon with a price target of $139 after attending the company's Product Solutions Spotlight event. Calling CTRA his top pick, Kumar reiterated a buy rating on the stock with a price target of $42. (See BIP Stock Chart on TipRanks)American Electric PowerAnother RBC Capital analyst, Shelby Tucker, is bullish on utility stock American Electric Power (AEP). Recently, Tucker lowered the price target for AEP to $90 from $103 to reflect a high interest environment but reiterated a buy rating.

Persons: Sergio Moraes, Wall, Mizuho, Nitin Kumar, Kumar, TipRanks, Marcellus Shale, Robert Kwan, Kwan, Shelby Tucker, Charles E, Tucker Organizations: AEP BIP, Exxon Mobil Corp, Oil, Gas Expo, Exxon Mobil First, Exxon Mobil, Exxon, Coterra Energy, CTRA, Brookfield Infrastructure Partners, Brookfield Infrastructure, RBC Capital, Power, American Electric Power, AEP, 453rd, Darden Locations: Rio de Janeiro, Brazil, Baytown, Singapore, Anadarko, TipRanks, Brookfield

CNN —The 2023 Nobel Peace Prize has been awarded to jailed Iranian activist Narges Mohammadi for “her fight against the oppression of women in Iran and her fight to promote human rights and freedom for all,” the Norwegian Nobel Committee announced in Oslo on Friday. “This period was and still is the era of greatest protest in this prison,” Mohammadi told CNN in written responses to questions submitted through intermediaries. Oleksandra Matviichuk, a Ukrainian human rights lawyers who won the Nobel Peace Prize in 2022, commended the committee’s decision to honor Mohammadi. In 2003, she joined the Defenders of Human Rights Center in Iran, an organization founded by the Nobel Peace Prize laureate Shirin Ebadi. But her work continued from inside Evin, as she began to oppose human rights abuses committed against political prisoners.

Persons: Narges Mohammadi, Mohammadi, Mahsa, Amini, “, ” “, ”, Berit Reiss, Andersen, “ Ms, ” Reiss, Mohammadi’s, Narges, Amini’s, Bella, ” Mohammadi, Reihane Taravati Mohammadi, Oleksandra, ” Matviichuk, Reiss, Alfred Nobel, Henrik Urdal, Mahsa Amini, ” Urdal, “ Today’s, Ali Khamenei, Shirin Ebadi, Hana Organizations: CNN, Norwegian Nobel, Evin, Twitter, Peace Research Institute, Iranian, Getty, Imam Khomeini International University, of Human Rights, ” Locations: Iran, Norwegian, Oslo, ” Norwegian, Tehran, Reihane, Ukrainian, Peace Research Institute Oslo, Mashad, Ahvaz, Lahijan, Arak, Kurdish, Senandaj, AFP, Evin, Iraq’s, ”

☆ Logistics technology firm SP Plus to go private in about $1.5 billion deal
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

Oct 5 (Reuters) - U.S.-based transportation and logistics technology firm SP Plus will be acquired by parking technology provider Metropolis Technologies in an all-cash deal worth about $1.5 billion, the companies said on Thursday. Shareholders of SP Plus will receive $54 per share, representing a premium of 52.5% over the stock's closing price on Wednesday. The offer price values the Chicago-based firm at $1.06 billion. SP Plus, which will go private after the deal is closed, provides parking management, facility maintenance and event logistics solutions among other services. Metropolis offers computer vision technology that is deployed in parking lots, enabling customers to drive without the need for a checkout.

Persons: Akash Sriram, Sherry Jacob, Phillips Organizations: SP, Metropolis Technologies, Metropolis, Thomson Locations: Chicago, Bengaluru

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Ford, Wingstop, American Express and more
▼ + stars: | 2023-10-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America initiates Wingstop as buy Bank of America said shares of the wing restaurant company are attractive. " Bank of America downgrades Carrier to underperform from neutral Bank of America said it sees residential headwinds. "We are initiating on the Alternative Asset Management sector with a Market Overweight rating. Deutsche Bank initiates AIG as buy Deutsche Bank initiated the insurance company with a buy and says shares are de-risked. Bank of America reiterates American Express as a top pick Bank of America said the credit card company is its favorite idea in the sector. "

Persons: Stifel, Wedbush, Morgan Stanley, Ford, CARR, Parker, ITW, Raymond James downgrades Clorox, Raymond James, CLX, Johnson, Wolfe, Bernstein, Chubb Organizations: BMO, Sinclair, Oculis, Citizens, CIT Group, Bank, JPMorgan, Barclays, Meta, Bank of America, Ford, General Motors, GM, UAW, of America, Nvidia, ISI, RBC, Johnson, Pharma, KKR, Alternative, Management, Asset Management, CART, Deutsche Bank, AIG, Citi, O'Reilly Automotive, O'Reilly, American Express Locations: CY24, U.S

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