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☆ Buildings evacuated as quake rattles Philippine capital
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Lisa Marie David Acquire Licensing RightsMANILA, Dec 5 (Reuters) - Workers, residents, and students evacuated buildings in the Philippine capital Manila on Tuesday after an earthquake of magnitude 5.9 struck off the main Luzon island, according to the state seismology agency and images carried by media. It recorded the offshore earthquake at magnitude 5.9, with a depth of 79 kilometres (49.09 miles). Images shared by media on X showed government workers leaving congress, senate, presidential palace, justice ministry buildings. Three people died from a magnitude 7.4 earthquake that struck the southern Philippines on Saturday night. A separate magnitude 6.8 earthquake struck Mindanao early Monday morning.

Persons: Lisa Marie David Acquire, Michael Orayani, Neil Jerome Morales, Mikhail Flores, Kanupriya Kapoor Organizations: REUTERS, Rights, Thomson Locations: Manila, Philippines, Rights MANILA, Philippine, Luzon, Lubang, Occidental Mindoro, Mindanao

"After these results, it looks like there is no stopping Modi," said Yashwant Deshmukh, poll expert with C-Voter agency, adding that stopping Modi would be a "herculean task". The BJP won the regional votes in three of four major states, including central Rajasthan and Chhattisgarh which were ruled by Congress. One of the challenges facing the opposition are the factious ties within the INDIA alliance. Congress refused to share seats in state polls with key regional ally the Samajwadi Party. "The future of the alliance is good if the Congress party works on it with full commitment," he said.

Persons: India's, Narendra Modi, of Home Affairs Amit Shah, Narendra Modi's, Modi, Yashwant Deshmukh, Rahul Gandhi, Manish Tewari, Manoj Kaka, Gandhi, Baijayant Panda, Saurabh Sharma, Miral Organizations: Bharatiya Janata Party, BJP, Indian, Union, of Home Affairs, Narendra Modi's Bharatiya Janata Party, Voter, Congress, Reuters, Samajwadi Party, Thomson Locations: Ahmedabad, India, DELHI, Britain, Rajasthan, Chhattisgarh, Karnataka, INDIA, Lucknow

☆ Dollar on shaky ground as Fed rate cut bets strengthen
▼ + stars: | 2023-12-04 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

Powell said on Friday it was clear that U.S. monetary policy was slowing the economy as expected, with the benchmark overnight interest rate "well into restrictive territory." The U.S. dollar index , which tracks the currency against six major counterparts, was last hovering around Friday's close at 103.28. That means dollar pairs could continue to get a boost depending on U.S. economic data, Rodda said. Against the yen, the dollar was fetching $146.58 yen , after falling to 146.24 earlier in the session, its lowest since Sept. 11. The yen has recently pulled away from the near 33-year low of 151.92 per dollar touched in the middle of November.

Persons: Jerome Powell, Bitcoin, Powell, Kyle Rodda, Rodda, Sterling, Christine Lagarde, Carol Kong, bitcoin, Brigid Riley, Shri Navaratnam Organizations: Federal, U.S, U.S ., European Central Bank, ECB, Commonwealth Bank of Australia, Thomson Locations: TOKYO, U.S, cryptocurrencies

☆ Philippine quake aftershocks force thousands to stay in evacuation centres
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

[1/4] People gather at an evacuation center, in the aftermath of an earthquake, in Hinatuan, Surigao del Sur, Philippines December 2, 2023. "We are scared up to now because of the aftershocks," Alex Arana, disaster agency chief of Surigao del Sur, told DZBB radio station. Two people died -- one as a result of falling debris and another because of a collapsed wall -- and eight were injured in Surigao del Sur, Arana said. As of late on Sunday, more than 108,000 people were staying in 115 evacuation centres in Surigao del Sur, government data show. We choose to stay here at the evacuation centre for now," Susan Clor, a resident of Hinatuan town in Surigao del Sur, told GMA television station.

Persons: Hinatuan, Alex Arana, Arana, Susan Clor, Neil Jerome Morales, Neil Fullick Organizations: REUTERS Acquire, Rights, GMA, Thomson Locations: Hinatuan, Surigao del Sur, Philippines, Handout, Rights MANILA, Tagum, Davao del Norte province, Mindanao, Philippine, Earthquakes

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, GM, Uber, Carvana, Nike, Palo Alto & more
▼ + stars: | 2023-12-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo downgrades Lululemon to equal weight from overweight Wells said in its downgrade of the stock that it sees less balanced risk/reward. Morgan Stanley downgrades Sea Limited to equal weight from overweight Morgan Stanley downgraded the Singapore-based tech conglomerate until its business outlook is clearer. Morgan Stanley upgrades Insulet to overweight from equal weight Morgan Stanley initiated the insulin pump therapy company and said it sees room for further gains. Wells Fargo reiterates Nike as overweight Wells says Nike is a top defensive pick for 2024. Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said Palo Alto shares have the poten tial to rise further.

Persons: Morgan Stanley, Mizuho, Wells, LULU, Roth, Evercore, Piper Sandler, Piper, NVDA, Goldman Sachs, Goldman, it's bullish, KeyBanc, Worthington Enterprises –, TD Cowen, Coinbase, underperform TD Cowen, Oppenheimer, Uber, Truist, Herc, Palo Organizations: West Bancorp, Bank of America, Union Pacific, US Bancorp, Motors, Mizuho, GM, UAW, UBS, Apple, Deutsche Bank downgrades Anheuser Busch InBev, Deutsche, Deutsche Bank, Airlines, Alaska, " Bank of America, Google, Walmart, Nvidia, AMD, European Partners, Coke, JPMorgan, of America, Magellan, MMP, Arrowhead Pharmaceuticals, Arrowhead Pharma, Worthington Steel, Worthington Industries, Worthington Enterprises, Barclays, Resources, Herc Holdings, United Rentals, Nike, Palo Alto, Palo Locations: China, Singapore, Indonesia

ATLANTA (AP) — Fourteen U.S. cities will play host to Copa América next summer, with the semifinals at East Rutherford, New Jersey, and Charlotte, North Carolina, ahead of the July 14 championship in Miami Gardens, Florida. The semifinals will be in New Jersey's MetLife Stadium on July 9 and Charlotte's Bank of America Stadium the next day. This will be only the second time Copa América has been held outside of South America since the inaugural tournament in 1916. Except for the Centenario tournament, Copa América hosting duties usually have rotated among the 10 COMNEBOL nations in South America. They are: MetLife Stadium, Hard Rock Stadium, Mercedes-Benz Stadium, Levi's Stadium, SoFi Stadium, AT&T Stadium, NRG Stadium and Arrowhead Stadium.

Persons: América, Victor Montagliani, “, ”, Alejandro Dominguez, Lionel Messi, Montagliani Organizations: ATLANTA, Copa América, East, Central America, NRG, T, Farm, MetLife, Charlotte's Bank of America, ” CONCACAF, CONMEBOL, CONCACAF, Mercedes, Benz, SoFi, Levi's, Exploria, North America, América Centenario, Nations League, Costa Rica, Children's, Arrowhead, Levi’s, Copa América Centenario, Chile, Centenario Locations: East Rutherford , New Jersey, Charlotte, North Carolina, Miami Gardens , Florida, South America, North, Caribbean, Houston, Arlington , Texas, Glendale , Arizona, Las Vegas, New, Miami, Atlanta, Inglewood , California, Santa Clara , California, Orlando , Florida, Austin , Texas, Kansas City, Missouri, Kansas, United States, Mexico, Jamaica, Panama, Costa, Honduras, Canada, Trinidad and Tobago, NRG, Orlando, Los Angeles, Argentina, New York City, Ecuador, U.S

☆ 4 Republicans qualify for fourth 2024 presidential debate
▼ + stars: | 2023-12-04 | by ( Daniel Strauss | ) edition.cnn.com time to read: +3 min

CNN —Four candidates have qualified for the fourth GOP presidential primary debate taking place Wednesday night in Alabama, the Republican National Committee and debate broadcaster NewsNation announced Monday. Chris Christie will face off in Tuscaloosa in what will be the smallest debate stage lineup so far this year. To make the Tuscaloosa stage, candidates had to meet higher donor and polling criteria set by the Republican National Committee. None of their debate criteria relate to the qualifications related to actually doing the job of the president. Asa Hutchinson remains in the GOP race, though he has not qualified for any primary debates since his appearance at the first face-off in Milwaukee in August.

Persons: NewsNation, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, Chris Christie, Donald Trump, Haley, Doug Burgum, ”, Burgum, Asa Hutchinson, Joe Biden’s, Alabama Sen, Doug Jones, Biden Organizations: CNN, Republican National Committee, Florida Gov, South Carolina Gov, New, New Jersey Gov, GOP, Trump, RNC, eventual GOP, North Dakota Gov, Heartland, Former Arkansas Gov, Alabama, MAGA Republicans Locations: Alabama, New Jersey, Tuscaloosa, Florida, Iowa, Iowa , New Hampshire, South Carolina, Nevada, New Hampshire, Miami, Washington, Milwaukee

☆ Exclusive: Panama may slash GDP growth view due to suspension of First Quantum mine
▼ + stars: | 2023-12-04 | by ( Elida Moreno | ) www.reuters.com time to read: +2 min

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. Some experts calculate Panama would have to pay at least $50 billion if it loses the case, equivalent to nearly 70% of GDP. Ahead of the supreme court ruling, S&P revised Panama's outlook to negative from stable on potential risks to investor confidence and economic growth if the contract was found invalid. For First Quantum, the developments in Panama could be a repeat of its experience in the Democratic Republic Of Congo. The miner exited the African nation in 2012 after its mining contract was cancelled.

Persons: Hernan Arboleda, Laurentino Cortizo, Panamanians, Arboleda, Elida Moreno, Valentine Hilaire, Anthony Esposito, Edwina Gibbs Organizations: Minerals, REUTERS, Aris Mart, PANAMA CITY, Reuters, Gross, Panama, JPMorgan, Democratic, Thomson Locations: Panama, Donoso, PANAMA, Democratic Republic Of Congo

☆ Ford's strong hybrid sales show the company needs to pivot to increase profits
▼ + stars: | 2023-12-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Hybrids "make a ton of money," Jim Cramer said Monday after Ford reported a 75% year-over-year surge in hybrid sales in November to roughly 12,100 vehicles. "Ford should be spewing capital right now," because hybrid vehicles are more profitable than EVs, Jim added. He also suggested that given the new sales numbers Ford could be in better shape than its stock indicates. Perhaps keeping a lid on gains was the 6.5% drop reported in legacy internal combustion engine vehicle (ICE) sales to nearly 124,500 units. Maverick and F-150 trucks drove a 40% increase in hybrid sales in the third quarter, the three months ended in September.

Persons: Jim Cramer, Ford, Jim, Jim Farley, Farley, Jim Cramer's Organizations: Ford, EV, ICE, United Auto Workers, UAW, CNBC, Ford Maverick

☆ Magnitude 6.4 earthquake in Philippine Islands region
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: 1 min

Dec 3 (Reuters) - A magnitude 6.4 earthquake struck the Philippine Islands region on Sunday, the German Research Centre for Geosciences said. The quake was 10 km below the Earth's surface, GFZ said. Reporting by Surbhi Misra in Bengaluru Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Persons: GFZ, Surbhi Misra, David Goodman Organizations: German Research Centre, Geosciences, Thomson Locations: Philippine, Bengaluru

MANILA, Dec 3 (Reuters) - The Philippines lifted a tsunami alert early on Sunday as waves receded from a magnitude 7.4 earthquake that struck the south of the country, triggering coastal evacuations and some waves in there and in Japan. More than 500 aftershocks were recorded, and the Philippines' Institute of Volcanology and Seismology (Phivolcs) urged caution as people resumed normal activities. "The tsunami threat associated with this earthquake has now largely passed the Philippines," Phivolcs said in a statement but advised people in threatened communities to heed the instructions from local authorities. [1/4]People gather at an evacuation center, in the aftermath of an earthquake, in Hinatuan, Surigao del Sur, Philippines December 2, 2023. Japan's Hachijojima island, some 290 km (180 miles) south of Tokyo, recorded waves of 40 cm (1.3 feet), the Japan Meteorological Agency said.

Persons: Phivolcs, Bicap, Hinatuan, Philvolcs, James Soria, Cosme Calejesan, Karen Lema, Neil Jerome Morales, William Mallard Organizations: Institute of, Philippine Coast Guard, Reuters, REUTERS Acquire, Centre . Earthquakes, Japan Meteorological Agency, U.S ., Thomson Locations: MANILA, Philippines, Japan, Mindanao, Surigao Del Sur, Davao Oriental, Bislig, Hinatuan, Surigao del Sur, Handout, Centre, Hinatuan province, Tokyo, U.S, Surigao City, Manila

☆ Venezuelans to vote in referendum on disputed territory with Guyana
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +3 min

[1/4] Venezuela's President Nicolas Maduro shows his ballot during a referendum over Venezuela's rights to the potentially oil-rich region of Esequiba in Guyana, in Caracas, Venezuela, December 3, 2023. REUTERS/Leonardo Fernandez Viloria Acquire Licensing RightsCARACAS/GEORGETOWN, Dec 3 (Reuters) - Venezuelans will vote on Sunday in a referendum backed by President Nicolas Maduro's government over a potentially oil-rich territory that is the subject of a long-running border dispute with Guyana. The five-question referendum includes a question rejecting International Court of Justice (ICJ) jurisdiction to decide to which country the territory around the Esequibo river belongs. On Friday, the court responded to a request from Guyana to halt the referendum, ordering Venezuela to refrain from taking any action that would alter the status quo, without expressly forbidding the vote. The Sunday vote has caused anxiety in Guyana, with the government urging citizens to keep calm.

Persons: Nicolas Maduro, Leonardo Fernandez Viloria, Nicolas Maduro's, Maduro, Ricardo Sucre, Benigno Alarcon, Andres, Rocio San, Kim Rampersaud, Vivian Sequera, Julia Symmes Cobb, Will Dunham Organizations: REUTERS, Rights, of Justice, Central University of Venezuela, Center for Political Studies, Andres Bello Catholic University, Kiana, Thomson Locations: Esequiba, Guyana, Caracas, Venezuela, Rights CARACAS, GEORGETOWN, Sucre, Rocio San Miguel, Georgetown, Brazil

At the very end of another tiring duel with Zach Edey, the fifth-year guard was the last man standing — again. Buie scored seven of his 31 points in OT to help the Wildcats beat Edey and the top-ranked Boilermakers for the second straight season, winning 92-88 in the Big Ten opener for each school. Ty Berry also scored seven points in OT and finished with 21, and Ryan Langborg added 20. Edey had 35 points, 14 rebounds and three blocked shots, but Purdue (7-1, 0-1) had trouble with Northwestern's guards all night. Fletcher Loyer scored 17 points for Purdue, and Braden Smith had 12 points, nine assists and seven rebounds.

Persons: — Boo Buie, Zach Edey, —, Buie, “, ” Buie, Ty Berry, Ryan Langborg, Boo, Chris Collins, he's, ”, Edey, Ryan, Matt Painter, Blake Preston, Berry, Fletcher Loyer, Braden Smith, ” Painter, “ You've, Luke Hunger's, ” Collins, ___ Organizations: Northwestern, Purdue, Wildcats, Edey, Boilermakers, Big, Welsh, ” Purdue, Camden, NEXT Purdue, Detroit Mercy, AP Locations: EVANSTON, Ill, Northwestern

Ron DeSantis said state Republican Party Chairman Christian Ziegler should resign while police investigate a rape allegation against him. DeSantis is running for president, and the state GOP is working to reelect U.S. Sen. Rick Scott. Florida was also key to Republicans winning a slim majority in the U.S. House in 2022, and the party will be defending the newly won seats. Ziegler took over the party in February, three months after DeSantis was reelected in a landslide in an election where Florida was one of the few bright spots for Republicans nationally. DeSantis appointed Bridget Ziegler to a state-created board to oversee development on Disney World property.

Persons: Ron DeSantis, Christian Ziegler, Ziegler hasn't, Sen, Rick Scott, “, ” DeSantis, Gavin Newsom, Ziegler, Bridget, DeSantis, Bridget Ziegler Organizations: —, — Florida Gov, Republican, GOP, U.S, Republicans, U.S . House, California Gov, Fox News, Liberty, Florida Center, Governmental, Disney Locations: TALLAHASSEE, Fla, — Florida, Florida, U.S, Sarasota

☆ After an extraordinary November for stocks, December has a lot in its corner. Here's why
▼ + stars: | 2023-12-01 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The stock market is boring right now, and that is not a bad thing. There's a strong backdrop going into December. The S & P 500 was up 8.9%, its best month since July 2022, and the fourth-best November since 1950. If it doesn't seem that way, it's because the S & P has been flat for the past week and a half. There will be lots of complaints about high valuations, and the cynics will be right: The S & P is approaching 19-times 2024 earnings.

Persons: Goldman Sachs, Morgan Stanley, let's Organizations: Triple Witching, Treasury, Atlanta, Wall Street, Deutsche Bank, BMO Capital Markets, Capital Markets, Bank of America, Barclays, Goldman, UBS Global Wealth, Wells, Wells Fargo Securities, JPMorgan, Dow, Revenue Locations: Wells Fargo

☆ 4 essential steps for maximizing your relationship with a business mentor
▼ + stars: | 2023-12-01 | by ( Sponsor Post | Created Insider Studios With Spectrum Business | ) www.businessinsider.com time to read: +5 min

Let's Get Started from Spectrum Business offers a free mentor match program. Let's Get Started from Spectrum Business is a free mentorship program that matches participants with a mentor that aligns with their goals. The end of a mentorship relationship is an opportunity to reflect positively on the progress you've made and what you've both learned. And when you take control and manage that mentor relationship wisely, you can reap long-term benefits for your business. This post was created by Insider Studios with Spectrum Business.

Persons: Let's, —, It's Organizations: Spectrum Business, SCORE, Insider Studios

☆ Ukraine set off 4 explosive devices on a freight train operating on the only major railroad connecting Russia and China: report
▼ + stars: | 2023-12-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Ukraine targeted a freight train with four explosive devices, an unnamed source told CNN. It is the only major railroad connecting Russia and China for military supplies, per Russian media. "The explosion is yet another successful special operation by the SBU," the source told CNN. AdvertisementUkraine set off four explosive devices on a freight train operating on the only major railroad connecting Russia and China, CNN reported , citing an unnamed Ukrainian defense source. AdvertisementThe railway line, the source added, is the "only major railroad connection between Russia and China."

Persons: —, Sovetskaya Gavan Organizations: CNN, Service, Ukraine's Security Services, Siberian Travel Company, Trade, Kremlin, Telegraph, Politico Locations: Ukraine, Russia, China, Buryatia, Baikal, Amur, Russian, Tayshet, Sovetskaya, Itykit, Politico Europe

☆ Trump’s avalanche of dishonesty: Fact-checking 102 of his false claims from this fall
▼ + stars: | 2023-12-01 | by ( Daniel Dale | ) edition.cnn.com time to read: +111 min

Below is a fact check of 102 of Trump’s false claims from the 12 speeches. But contrary to Trump’s claim, it’s not true that people had been attempting for decades to create such an initiative. Trump’s aid to farmersIn speech after speech, Trump claimed that he had given US farmers $28 billion from China. Even if the poll result is off, it’s clear that Trump’s claim that “nobody wants them” is not true. He said he was an airline pilot.”Facts First: Trump made a false claim while mocking Biden for making false claims.

Persons: Donald Trump, –, Trump, Joe Biden, Biden, Ron DeSantis, Nikki Haley, “, ”, Mexico’s, ‘ Trump, Defense Department –, ” Theresa Cardinal Brown, CNN’s Priscilla Alvarez, ” Trump, I’ve, Todd Harrison, Harrison, It’s, Trump’s, ” Ben Cahill, Nobody, Jimmy Carter’s, Barack Obama, isn’t, El Salvador –, Obama, we’d, Obama’s, Webster, Covid, Wuhan ”, They’d, they’d, you’d, Scott Gottlieb, ” Gottlieb, Trump Trump, it’s, Abraham, Aaron David Miller, Miller, Dana El Kurd, Qasem Soleimani, they’ve, we’re, We’re, ’, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Kpler, Biden Trump, Iran “, Democrats ”, that’s, Jimmy Carter, Carter “, Carter, ‘, Hillary Clinton, Kari Lake, Bill Gates, Gates, ” Chris Wallace, Chris Wallace, Hunter Biden, “ Chris Wallace, ‘ He’s, ‘ ” Trump, Wallace, “ you’re, “ Biden, ‘ You’re, Wallace interjected, Rather, you’ve, ’ ” Pavel Molchanov, Raymond James &, ” Molchanov, Tim Woody, Woody, autoworkers, CNN’s Ella Nilsen, Joe Biden’s, Erin Mellon, Gavin Newsom, Mellon, ” Vonette Fontaine, Biden “, CNN’s Matt Egan, Egan, ” Biden, Europe Trump, United Kingdom “, Brent, Pavel Molchanov, Raymond James, Patrick De Haan, GasBuddy, De Haan, Matt Smith, Matt Egan, Afghanistan Trump, we’ve, Krista Wiegand, Wiegand, ” Netanyahu, Benjamin Netanyahu, Israel, Qasem, Bibi, Netanyahu, Soleimani, Asad, Mark Milley, Hezbollah Trump, Steven Cheung, John Kirby, Cheung, Kirby, Iran’s, ” Ali Vaez, Joseph Amon, Washington –, Faiq Zidan, Zidan’s, Zidan, Abu Mahdi al, China Trump, Ukraine Trump, Letitia James, James, Attorney Alvin Bragg, Matthew Colangelo, You’re, Bragg, Colangelo, Tanya Chutkan, I’m, Jack Smith, Bill Clinton, That’s, everybody’s, Letitia James –, Al Capone’s, Al Capone, Capone, Brad Schwartz, CNN couldn’t, Schwartz, Eliot Ness, MAGA, “ MAGA, …, White, CNN’s Fareed Zakaria, Inflation Trump, Bacon, Joe, PolitiFact, Trump . Howard Gleckman Organizations: Washington CNN —, CNN, Republican, Trump Trump, Republican Jewish Coalition, Department, ISIS, Trump’s, Democratic, Congress, Defense Department, former Defense Department, Center, US Customs, Trump, American Enterprise Institute, Air Force, Army, Navy, Marine Corps, Strategic Petroleum Reserve, Energy Security, Center for Strategic, International Studies, US, IHS, Islamic, The State Department, Customs Enforcement, Policy Institute, ICE, El Salvador, ”, Merriam, The New York Times, Food and Drug Administration, FDA, Abraham Accords, United Arab Emirates, West Bank, Hezbollah, State Department, Carnegie Endowment, International, Arab Center Washington DC, Islamic Revolutionary Guards Corps Quds Force, Obama, US International Trade Commission, Washington Post, U.S . International Trade Commission, New England lobstermen, England lobstermen, Americas, Crisis, government’s Energy, Administration, Washington Free Beacon, Energy Information Administration, Democrats, Biden, Electoral, Georgia, Michigan, Carter, Democrats can’t, Republicans, Alabama, Arizona, Fox News, ” Energy, Oceanic, Atmospheric Administration, NOAA, Wildlife, Alaska Industrial Development, Export Authority, Raymond James & Associates, Wilderness Society, Cox Automotive, Pew Research Center, New York Times, National Oceanic, California Gov, California, American Petroleum Institute, Union, West, Energy, American Automobile Association, AAA, GasBuddy, New Hampshire, Houston, Keystone XL, Obama administration’s State Department, –, Foreign, Military, DoD, Afghan, Defense, Policy, Taiwan News, “, University of Tennessee’s Center for National Security, Foreign Affairs, Israeli, NBC, Jerusalem Post, Yahoo, Pentagon, ” CNN, Joint Chiefs, Staff, Post, National Security, Group, US government’s Defense Intelligence Agency, Narcotics Bureau, Global Health, Drexel University Dornsife School of Public Health, Justice Department, Washington, Judicial, Popular Mobilization Forces, Customs and, Middle East, Customs, Protection, CBP, Border Protection, Kiel Institute, European Union, New York, New, ExxonMobil, Trump University, Trump Foundation, Manhattan, Attorney, federal Justice Department, Department of Justice, Washington DC, Presidential Records, Presidential, Mar, Biden White, MAGA Republicans, Inflation, Heritage Foundation, Trump ., Brookings Tax, Urban Institute Locations: New Hampshire, New York City, Saudi, Florida, al Qaeda, New York, Texas, Iowa, Mexico, “, U.S, Houston, Iraq, Israel, Tel Aviv, Jerusalem, Nord, Germany, Russian, Trump’s, Russia, Ukraine, Europe, Guatemala, Honduras, El Salvador, El, Washington, ”, ” In Texas, Covid, China, Wuhan, Italy, France, Abraham, Bahrain, Morocco, Sudan, Gaza, Lebanon, Syria, Iran, Yemen, Libya, Palestine, Afghanistan, Somalia, Pakistan, New England, England, Kpler, Malaysia, Oregon, Alabama, Maricopa County, Arizona, Arizona’s, Moscow, Alaska, East, South Carolina, California, “ California, West Virginia, Virginia, United Kingdom, West Texas, “ U.S, Los Angeles, Venezuela, Mississippi , Louisiana, Canada, United States, Paris, Taiwan, “ China, Iranian, that’s, –, Singapore, Iraqi, San Diego, Kiel, York, Manhattan, York’s, Chicago, Philadelphia, Georgia, Qaeda

Even including the sale of Heathrow, this year is the slowest for airport transactions in the past decade, totalling $5.9 billion globally to date, according to Dealogic data. They have hired Mediobanca (MDBI.MI) and Credit Agricole (CAGR.PA) to find a buyer for a sale of their 49% stake in the company, the people said. Heathrow's sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis published on Wednesday. UK's Esken (ESKN.L), owner of regional Southend Airport, said in June it had started a process for the sale of the airport. On Thursday, Hungary's state-owned Corvinus and Vinci Airports notified the European Commission of a proposed joint takeover of Budapest's airport, according to a document posted on the EU website.

Persons: Andras Kranicz, GIP, Australia's Macquarie, Spain's, Ferrovial, Agata Lyznik, Mediobanca, Gianni, Origoni, Nico Torrisi, Morgan, UK's, France's Vinci, Vinci, Corvinus, Emma, Victoria Farr, Andres Gonzalez, Elisa Anzolin, Joanna Plucinska, Mathieu Rosemain, Anousha Sakoui, Elaine Hardcastle Organizations: LONDON, Heathrow, BNP, Global Infrastructure Partners, AGS Airports, Southampton, Australia's, International, ACI, Airports, Macquarie, Credit Agricole Assurance, 2i, Credit, SAC, Gatwick, Southend Airport, Global Infrastructure Fund, Vinci Airports, European Commission, EU, Thomson Locations: Edinburgh, Italy, FRANKFURT, Spanish, Europe, Aberdeen, Glasgow, Heathrow, France, Hungary's, Budapest's

The network of nearly 4,800 fake accounts was attempting to build an audience when it was identified and eliminated by the tech company, which owns Facebook and Instagram. The accounts sported fake photos, names and locations as a way to appear like everyday American Facebook users weighing in on political issues. Meta often points to its efforts to shut down fake social media networks as evidence of its commitment to protecting election integrity and democracy. But critics say the platform's focus on fake accounts distracts from its failure to address its responsibility for the misinformation already on its site that has contributed to polarization and distrust. But 2024 poses new challenges, according to experts who study the link between social media and disinformation.

Persons: Meta, Ben Nimmo, Donald Trump, Trump, Democrat Joe Biden, Biden, Zamaan Qureshi, ”, Jennifer Stromer, Elon Musk, Kyle Morse, Nimmo, Meta's Organizations: WASHINGTON, Inc, Meta, Democrat, Real Facebook, Syracuse University, Twitter, Republicans, Tech, Ukraine Locations: China, U.S, India, Mexico, Ukraine, Pakistan, Taiwan, Menlo Park , California, Tibet, Iran, Russia

☆ A $16 McDonald's meal shows how the economy will be the battleground for the 2024 presidential election
▼ + stars: | 2023-11-30 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

A $16 McDonald's meal highlights how many Americans feel about the economy and food prices. AdvertisementA McDonald's meal from a viral TikTok has become the poster child for a key issue leading up to the 2024 presidential election . But food prices have been rising since 2020, which is one of the reasons why Americans feel sour about the economy , despite data suggesting it's in a strong position. AdvertisementA vibecession is influencing Americans' sentimentsOverall, McDonald's prices are up about 10% this year, and they plan to raise them another 10% next year. AdvertisementWith prices at restaurants like McDonald's likely to keep rising, that day-to-day pain point is likely not going away before the 2024 election.

Persons: —, McDonald's, Donald Trump, Biden, Big, Joe Raedle, Scott Olson Organizations: Service, The New York Times, Sienna College, Trump, Biden, Consumer, US Bureau of Labor Statistics, Big Mac Locations: Idaho, Arizona, Georgia, Michigan, Nevada, Pennsylvania, Wisconsin

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Eli Lilly, Salesforce, Snowflake, Snap, Pinterest and more
▼ + stars: | 2023-11-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Jefferies upgrades Pinterest and Snap to buy from hold Jefferies sees growth upside in 2024 for both stocks. " Wolfe upgrades Ally Financial to outperform from peer perform Wolfe said in its upgrade of the financial company that it's well-positioned. "In an environment where the probability of a mild recession or soft landing both appear plausible, we believe ALLY is well positioned to outperform in either scenario and upgrade shares to Outperform." "We continue to believe that Salesforce is on track to become the next quality [growth at a reasonable price] stock." Goldman Sachs reiterates Snowflake as buy Goldman Sachs stood by its buy rating on Snowflake after earnings on Wednesday.

Persons: Berenberg, Eli Lilly, Lilly, Wells, BTIG, Jefferies, Bernstein, Burger, Wolfe, TD Cowen downgrades Okta, Cowen, Stifel, Raymond James, Morgan Stanley, Bilibili, BILI, Baird, Pat Shanahan, Wells Fargo, Salesforce, Goldman Sachs, Snowflake, DUK Organizations: pharma, Nvidia, NVIDIA, Jefferies, SNAP, BK, UBS, Service Corporation, Deutsche Bank, Lattice Semiconductor, Apple, JPMorgan, Nokia, Infineon, Watch, Hewlett Packard Enterprise, Barclays, GE Healthcare, Airbus, Bank of America, Duke Energy, HSBC, Molson Coors Locations: FTCH, North America, China

☆ Paris metro ticket prices set to almost double during 2024 Olympics
▼ + stars: | 2023-11-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Tourists are set to pay almost twice the usual price of Paris Metro tickets during the 2024 Olympics and Paralympics that will take place in the French capital from July to September next year. "We will create a new [transport] pass, the Paris 2024 Pass, that will allow visitors to move across the entire Île-de-France. Videos that appeared to show bedbugs on the Paris metro, the city's Charles de Gaulle airport and trains in the country have spread on social media, sparking concerns in early autumn. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Valerie Pecresse, Pecresse, Paris Mayor Anne Hidalgo, Charles de Gaulle Organizations: Paris Metro, CNBC, Olympics, Paris Mayor, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: France, Paris, U.S

☆ Salesforce shares are deservedly rewarded after a stellar quarter and a rosy outlook
▼ + stars: | 2023-11-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Bottom line It was another terrific quarter from Salesforce with steady, double-digit revenue growth and a continued operating margin uplift, leading to a huge increase in earnings per share. Additionally, the topline growth story has some game to it, thanks to the surge in interest in its Data Cloud. By Cloud unit, the most exciting performance in the quarter came from the Data Cloud. Revenue growth accelerated to 22% from 16% in the prior quarter, and the company said it added 1,000 new customers in the quarter alone. Artificial intelligence is driving the interest in the Data Cloud, as more customers seek to use Mulesoft's integration technology to unlock data across legacy systems, cloud apps, and devices.

Persons: Salesforce, Marc Benioff, management's, Salesforce's headcount, Salesforce's, Jim Cramer's, Jim Cramer, Jim, Nicholas Kamm Organizations: Revenue, LSEG, CNBC, Salesforce, Economic, Washington, AFP, Getty Locations: Americas, Africa, Asia, headcount, Washington ,

☆ Asian stocks subdued as traders brace for inflation data
▼ + stars: | 2023-11-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

"But I think it's not just this week's inflation indicator, it's also the December payroll numbers ... they'll be quite critical." "Our view is that the Fed will probably start cutting rates when inflation goes below the 3% mark. The weaker-than-expected data weighed on Treasury yields, with the yield on benchmark 10-year notes slipping 9.6 basis points on Monday. The dollar index , a measure of the greenback against a basket of currencies, fell to 103.07, its lowest since Aug. 31. Data showed retail sales in Australia unexpectedly slipped in October as consumers cut back on everything but food, though analysts believe many were merely saving some money to splurge on Black Friday sales that took place this month.

Persons: DAX, Vasu Menon, they'll, Menon, Dave Ramsden, Christine Lagarde, Jerome Powell, HSI, Brent, Ankur Banerjee, Sam Holmes, Kim Coghill Organizations: Federal, Investors, OCBC Bank, of England, European Central Bank, Japan's Nikkei, Treasury, New Zealand, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Singapore, U.S, Hong Kong, Australia

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