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☆ Nvidia earnings will give Wall Street a peek into AI demand heading into 2024
▼ + stars: | 2023-11-20 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. When Nvidia reports fiscal third-quarter results Tuesday, analysts are expecting to see revenue growth of over 170%. Heading into the Thanksgiving holiday, Wall Street will be closely scrutinizing the company that's been at the heart of this year's artificial intelligence boom. In particular, the emergence of AMD in the generative AI market presents a new dynamic for Nvidia, which has mostly had the AI graphics processing unit (GPU) market to itself. "NVDA needs to forcefully counter the narrative its products are too expensive for generative AI inference," the Bank of America analysts wrote.

Persons: Jensen Huang, that's, Lisa Su, Raymond James, OpenAI's, Sam Altman, OpenAI, Emmett Shear, Satya Nadella, Altman, Greg Brockman, Jensen, Eric Jackson Organizations: Nvidia, " Bank of America, AMD, Bank of America, FactSet, LSEG, Microsoft, Cailian Press Locations: China, OpenAI

☆ The 'Apple of e-bikes' targets profitability next year even as rivals enter bankruptcy
▼ + stars: | 2023-11-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

CowboyCowboy, the Belgian electric bike maker, is expecting to hit full-year profitability in 2024 even as some of its market rivals are facing financial hardship. By the third quarter, Cowboy would then have reached profitability on a full-year basis, according to the firm's boss. It's been termed the "Apple of e-bikes" in the past due to its integration of software smarts in its bikes. In July, Dutch e-bike firm VanMoof filed for protection from creditors. Revonte, a Finnish e-bike firm, also filed for bankruptcy and said it is selling its intellectual property.

Persons: Cowboy Cowboy, Adrien Roose, Roose, we'll, they're, Cowboy Organizations: Cowboy Cruiser, Cowboy, CNBC, Apple Locations: Belgian, Dutch

☆ Take Five: Black Friday is (almost) here
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +6 min

REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsNov 17 (Reuters) - U.S. retailers are gearing up for Black Friday, marking the start of the shopping season that follows the Thanksgiving holiday, while business activity data should gauge the temperature elsewhere. 1/ BARGAIN HUNTINGThe crucial holiday shopping season kicks off with Black Friday on Nov. 24 at a time when investors are questioning whether the consumer-driven U.S. economy can remain resilient. This year's Black Friday comes as Americans grapple with soaring interest rates and inflation that, while easing, remains above the Federal Reserve's 2% target. Already, data for October showed U.S. retail sales fell, pointing to slowing demand, although the decline was less than expected. As long as that's not the case, pressure is on the Kishida cabinet since a weak yen is unpopular politically.

Persons: Kamil Krzaczynski, Lewis Krauskopf, Kevin Buckland, Naomi Rovnick, Dhara Ranasinghe, Karin Strohecker, There's, PIMCO, Rishi Sunak, David Cameron, Jeremy Hunt, Hunt, bode, Sergio Massa, Javier Milei, Pragmatist Massa, Prinz Magtulis, Sumanta Sen, Kripa Jayaram, Pasit, Mark Potter Organizations: Walmart, REUTERS, Black, Nvidia, Insider Intelligence, European Commission, PMI, Fed, European Central Bank, Reuters Graphics Reuters, DOWNING STREET, Labour, gilts, Natwest, Reuters, Bank of Japan, Peronist, Thomson Locations: Chicago , Illinois, U.S, Argentina, Lewis, New York, Tokyo, London, Britain, Japan, Egypt, Taiwan, South Africa, India

☆ Homebuilder stocks could get another boost from rate hikes ending
▼ + stars: | 2023-11-17 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —For over a year, the red-hot housing market has been at the mercy of the Federal Reserve’s rate hikes, which have driven mortgage rates to sky-high levels. Mortgage rates have hovered above 7% since August, according to Freddie Mac data. Both those factors have helped create a scorching-hot housing market and a boom in homebuilder stocks, as Americans turned to building as a buying alternative. Moderating bond yields could change the narrative for the housing market. Tight supply and elevated mortgage rates this year made home purchases the least affordable they’ve been since 1984.

Persons: Bell, Freddie Mac, Toll, DR Horton, Lennar, Price, Steve Sosnick, ”, John Petrofsky, Chris Isidore, Danielle Wiener, Bronner, haven’t, Clare Duffy, Donie, Meta Organizations: CNN Business, Bell, New, New York CNN, Homeowners, DR, Federal, Treasury, Interactive, National Association of Home Builders, FBB Capital Partners, Starbucks, United Auto Workers, SAG, Writers Guild of America, Starbucks Workers United, Facebook, Street, Washington Post Locations: New York, Wells Fargo, Buffalo , New York, United States, Brazil, Israel, Italy

☆ Room to Run in the Center in 2024?
▼ + stars: | 2023-11-17 | by ( Lauren Camera | ) www.usnews.com time to read: +9 min

Joe Manchin, West Virginia’s outgoing senator, bristles at the thought of being a spoiler in the 2024 presidential election. While he’s typically shied away from addressing the topic directly, his remarks on a potential presidential bid this week crystallized. Originally seeking the Democratic nomination against Biden, Kennedy opted instead to run as an independent, where polls show now show him siphoning support from Trump. Also running is Cornel West, the academic, activist and far-left candidate who’s polling around 4% to 6%. Enter Manchin, who stands to muddy the waters for the president and former president even more than they already are.

Persons: Joe Manchin, Donald Trump, Manchin, ‘, ’, ”, “, I’ve, he’s, Joe Biden’s, Trump’s proclivity, Todd Belt, Stephen Ansolabehere, –, Socrates, “ We’ve, Trump, Biden, Robert F, Kennedy Jr, Kennedy, Jill Stein, Hillary Clinton, Clinton, Cornel West, centrists, ” Ansolabehere Organizations: Mountain State, Democratic, Trump, “, George Washington University, GOP, Biden, Republicans, Harvard University, don’t, Reuters, Green Party, Cornel, Quinnipiac University, Republican Locations: West, America, Washington, West Virginia, Israel, Virginia, Michigan , Pennsylvania, Wisconsin

REUTERS/Dado Ruvic Acquire Licensing RightsNov 16 (Reuters) - Popular AI chatbot GPT-4 outperforms most aspiring lawyers on the legal ethics exam required by nearly every state in order to practice law, a new study has found. It joins a growing body of research examining AI within legal education and attorney licensure. Another more recent study found that GPT-4 can pass the bar exam. A spokesperson for the National Conference of Bar Examiners, which develops the MPRE, said that it could not assess the LegalOn report's claims that GPT-4 can pass its ethics test. Every state besides Wisconsin requires law students to pass the 60-multiple-choice MPRE before they are admitted to practice, in addition to passing the bar exam.

Persons: Dado Ruvic, chatbot, Sophie Martin, Karen Sloan Organizations: REUTERS, LegalOn Technologies, Microsoft, National Conference of Bar, Thomson Locations: Wisconsin

☆ Walmart lifts targets as shoppers pick low-priced groceries for the holiday
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Siddharth Cavale/File Photo Acquire Licensing RightsNov 16 (Reuters) - Walmart (WMT.N) raised its annual sales and profit forecast on Thursday for the second straight quarter, signaling a strong start to the holiday season. The strong demand for low-priced products from groceries to clothing and gifts, coupled with better in-stock levels, has helped Walmart take more market share from other retailers - including dollar stores - in recent months. Walmart now expects fiscal 2024 earnings per share of between $6.40 and $6.48, up from its prior forecast of $6.36 to $6.46. Walmart is also doubling down on holiday merchandise across a wide range of price points to attract inflation-hit customers looking to make Christmas purchases on a budget. Walmart shares, which have gained nearly 20% this year, were down 1% in premarket trading.

Persons: Siddharth Cavale, Doug McMillon, Deborah Sophia, Susan Fenton Organizations: REUTERS, Walmart, Target, Walmart U.S, Walmart's, Thomson Locations: Teterboro , New Jersey, U.S, New York, Bengaluru

Cooler-than-expected inflation data could push stocks higher, especially those that benefit the most from a decline in the cost of money. MGM stock has added more than 21% from the start of the year, while Caesars has climbed about 11%. Elsewhere, Solar Battery company SunRun also made the cut, and average analysts polled by FactSet/Refinitiv implies nearly 89% upside moving forward. Shares have pulled back more than 52% from the start of the year as higher interest rates pressure the overall solar sector . RUN YTD mountain SunRun stock.

Persons: Russell, SunRun Organizations: Labor Department, CPI, Dow Jones, Federal Reserve, CNBC, Treasury, MGM International, Caesars Entertainment, MGM, Caesars, Las, Solar Battery, FactSet, BMO Capital Markets, Dish Network, AES Corporation Locations: Las Vegas

He was a unanimous MVP in 2021 and finished second to the Yankees' Aaron Judge in voting last year. This was just the 20th unanimous MVP vote since the award was established in 1931. Corey Seager was second with 24 second--place votes and 264 points, and Texas teammate Marcus Semien was third with five second-place votes and 216 points. Ohtani last spoke with reporters on Aug. 9, two weeks before he hurt the elbow while pitching against Cincinnati. Ohtani won AL Rookie of the Year in 2018 after leaving the Pacific League’s Hokkaido Nippon-Ham Fighters to sign with the Angels.

Persons: Ohtani, Aaron Judge, Corey Seager, Marcus Semien, Babe Ruth, Ruth batted, Atlanta's Ronald Acuña Jr, Tommy John, Nez Balelo, ___ Organizations: American League, Los Angeles Angels, Baseball Writers ’ Association of America, Yankees, Rangers, AL, Boston, Ohtani, Baseball, Cincinnati, Pacific, Ham Fighters, Angels, Pacific League's Locations: Texas, Hokkaido Nippon

☆ Layoffs keep hitting Amazon, Netflix, Warner Bros. Discovery, and more entertainment companies — here's the list of those with recent cuts
▼ + stars: | 2023-11-16 | by ( Lucia Moses | Alison Brower | ) www.businessinsider.com time to read: +7 min

"Netflix missed their numbers, and Wall Street woke up," said Paul Hardart, director of NYU Stern's entertainment, media and technology program. A wide range of companies and employees were impacted, from entertainment giants to independent production companies to Hollywood talent agencies. More consolidation among the legacy media companies and independent production companies is widely expected, which often entails job cuts. Entertainment companies will get back to staffing up, but the jobs will be in stronger growth areas like gaming, streaming, and advertising, more than in filmed entertainment programming. Here are the Hollywood companies, listed alphabetically, that have made layoffs since the summer.

Persons: Paul Hardart, Bob Iger, Joanna Sucherman, Fox, Priyanka Chopra Jonas, Nadia Sinh, Companywide, Rami Malek, Mr, Dawn Olmstead, Heather McCauley, YANNIS DRAKOULIDIS, Oscar, Severance, Roku, Alison Levin, NBCUniversal, Curtis Brown, James, Jennifer Coolidge Organizations: Netflix, Disney, Business, US Bureau of Labor Statistics, NYU, Warner Bros, NBC, JLS Media, Entertainment, Hollywood, Amazon Studios, Studios, Talent, Variety, CAA, ICM Partners, DreamWorks Animation, Apple, NETFLIX, Nasdaq, TechCrunch, Starz, CNBC, Lionsgate, LIonsgate, UTA, Hollywood Reporter, Fletcher & Company, Co, HBO Locations: Hollywood, Australia

☆ Largest Starbucks strike in history is planned for Thursday. It shows US labor unrest isn’t over yet
▼ + stars: | 2023-11-16 | by ( Chris Isidore | Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

But the union said the limited duration strike on a key promotion day for Starbucks is important in its efforts to win their first contract at the chain. The union, Starbucks Workers United, won its first representation vote at the company in December 2021, at a store in Buffalo, New York. But many of the stores on strike remained open in past strikes, because management replaced the unionized striking workers with workers from nearby non-union stores and managers. That’s possible because of the close proximity of many Starbucks stores to one another. The union earlier this fall filed an unfair labor practice charge with the NLRB over Starbucks’ refusal to bargain around promotion days.

Persons: haven’t, Moe Mills, Mills, “, ” Mills, ” Organizations: New, New York CNN, Starbucks, United Auto Workers, SAG, Writers Guild of America, Starbucks Workers United, CNN, National Labor Relations Board, NLRB, Red, Kaiser Permanente, Los Angeles, Teamsters, UPS, Michigan, Boeing Locations: New York, Buffalo , New York, St, Louis , Missouri, Kaiser, Detroit, East Coast

☆ New Zealand house prices dip in October, sales activity steadily improving -REINZ
▼ + stars: | 2023-11-15 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

Residential houses can be seen along a road in a suburb of Auckland in New Zealand, June 24, 2017. REUTERS/David Gray/File Photo Acquire Licensing RightsWELLINGTON, Nov 16 (Reuters) - New Zealand house prices fell slightly in October but sales activity is showing a steady improvement on 2022, the Real Estate Institute of New Zealand (REINZ) said on Thursday. Seasonally adjusted median house prices fell 0.9% in October compared with September, and were down 2.8% from a year earlier, REINZ data showed. Seasonally adjusted national home sales volumes fell 10.7% from September but were up 4.0% from October 2022. “Many vendors and buyers are showing confidence that it’s a better time to sell now and a good time to buy,” she said.

Persons: David Gray, Jen Baird, ”, Lucy Craymer, Chris Reese Organizations: REUTERS, Rights, Real Estate Institute, New Zealand, REINZ, Thomson Locations: Auckland, New Zealand

Annual consumer price inflation plunged to a lower-than-expected 4.6% in October from 6.7% in September, official data showed on Wednesday. The Bank of England's forecasts and the consensus from a Reuters poll of economists had pointed to a reading of 4.8%. Sterling fell slightly against the dollar after publication of the data, which showed key inflation measures watched closely by the BoE also falling by more than expected. Investors added to their bets on BoE rate cuts next year with three 25-basis-point reductions in Bank Rate fully priced in by December 2024, and a first cut fully priced for June. Reporting by Andy Bruce and David Milliken, editing by William James and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishi Sunak, Sterling, BoE, Julien Lafargue, Sunak, Huw Pill, Hugh Gimber, Andy Bruce, David Milliken, William James, Bernadette Baum Organizations: Bank of England, of, ONS, Barclays Private Bank, Conservative Party, U.S ., Morgan Asset Management, Thomson Locations: Britain, Italy

☆ Here’s a rapid-fire update on all 35 stocks in our portfolio, including a new industrial
▼ + stars: | 2023-11-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy

☆ Support from a new activist firm may be what Disney needs to accelerate CEO Iger's turnaround
▼ + stars: | 2023-11-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

We're pleased to see a new activist firm come to Disney 's (DIS) support since CEO Bob Iger's turnaround strategy for the entertainment giant has been taking time to show meaningful results. ValueAct started to build its Disney stake this past summer, and the stock is now among its largest positions. DIS YTD mountain DIS stock performance year-to-date. ValueAct isn't the only activist firm that has built a stake in Disney. This new Disney buy during the third quarter comes after Peltz's recent push in October to potentially reignite a fight for multiple seats on Disney's board.

Persons: We're, Bob Iger's, ValueAct, Ken Squire, Mason Morfit, Squire, Nelson Peltz's, Nelson, Jim Cramer, Peltz, Iger, Jim Cramer's, Jim, Walt, Joe Raedle Organizations: Disney, Management, SEC, CNBC, Netflix, Walt Disney, Getty Locations: Disney, Hulu, Orlando , Florida

☆ We're adding a transformed industrial stock to the portfolio with a small buy
▼ + stars: | 2023-11-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Following the trade, Jim Cramer's Charitable Trust will own 65 shares, representing about 0.50% of the portfolio. These multiyear themes are driving investment in the company's key markets, which are Commercial Buildings, Data Centers, Industrial, Residential Buildings, Utility, Aerospace, e-mobility, and Legacy Vehicle. By the way, artificial intelligence should be an additional tailwind to Eaton's Data Center business. AI data centers require both higher power and higher power density relative to traditional data centers, resulting in three times the electric content. One more theme benefitting Eaton's Data Center business is the need to generate electricity in a clean and sustainable way.

Persons: Jim Cramer's, Eaton, Jim Cramer, Jim Organizations: Eaton Corporation, Data Centers, Industrial, Aerospace, Data Center, Airbus, America's Boeing, Dubai Air Show, Boeing, Jim Cramer's Charitable, CNBC, NYSE Locations: Eaton, industrials, North America

☆ Stocks making the biggest moves midday: Target, Expedia, Generac, Catalent and more
▼ + stars: | 2023-11-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Target — Shares of the retailer surged 17% after Target's fiscal third-quarter earnings came in much stronger than expected. Generac — The power generator company jumped almost 4% after Bank of America upgraded shares to neutral from underperform by Bank of America. The firm cut its price target on the stock, however, and lowered its 2024 earnings estimates on the company. Catalent — The pharmaceuticals company jumped 12% Wednesday after posting a narrower-than-expected loss per share and a revenue beat in the fiscal first quarter. American Eagle Outfitters — Shares of the retailer rose 5% after Bank of America upgraded the company to neutral from underperform.

Persons: Holley —, Michael Lasser, Generac, Berkshire Hathaway, Catalent, — CNBC's Michelle Fox, Jesse Pound, Sarah Min, Pia Singh, Alex Harring Organizations: Jefferies, —, Corp, JPMorgan, Reuters, ValueAct Capital Management, UBS, Bank of America, Disney —, Deutsche Bank, JD.com, Sirius XM —, Berkshire, American Eagle Outfitters Locations: underperform

☆ Greece's National Bank attracts strong demand in 20% stake sale - source
▼ + stars: | 2023-11-15 | by ( Lefteris Papadimas | ) www.reuters.com time to read: +2 min

"Demand covered 6.2 times the shares offered," the source involved in the process said on condition of anonymity. On Monday, HFSF concluded the sale of a 9% stake in Alpha Bank to UniCredit and announced plans to sell a 20% stake in NBG. The value of the 20% stake is estimated at about 1 billion euros ($1.09 billion). HFSF currently holds a 40.4% stake in NBG and a 27% holding in Piraeus Bank, (BOPr.AT), Greece's third-largest lender. A source told Reuters on Monday that out of the 20% stake in NBG, 17% would be offered to funds and 3% to retail investors.

Persons: Alkis, HFSF, Greece's, JP Morgan, Goldman Sachs, Morgan Stanley, Lefteris Papadimas, Louise Heavens, Sharon Singleton Organizations: National Bank, REUTERS, Rights, Greece's National Bank, Reuters, P Global, Alpha Bank, Piraeus Bank, UBS, Thomson Locations: Athens, Greece, UniCredit, NBG

☆ Ukraine Grain Exports Via New Black Sea Corridor Hit 4 Million T - Zelenskiy
▼ + stars: | 2023-11-14 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Pavel PolityukKYIV (Reuters) - Ukraine's exports through an alternative Black Sea shipping corridor have reached almost four million metric tons since the route started operating in August, Ukrainian President Volodymyr Zelenskiy said on Tuesday. We are now overcoming the four million tons mark and maintaining positive dynamics," Zelenskiy said on the Telegram messaging app. Ukraine's government expects a harvest of 79 million tons of grain and oilseeds in 2023, with its 2023/24 exportable surplus totalling about 50 million tons. Ukrainian grain exports have fallen to 9.8 million metric tons as of Nov. 6 in the 2023/24 July-June marketing season from 14.3 million tons a season earlier. Ukraine has traditionally shipped most of its exports through its deep water Black Sea ports.

Persons: Pavel Polityuk KYIV, Volodymyr Zelenskiy, Zelenskiy, Mykola Solsky, Solsky, Pavel Polityuk, Sharon Singleton Organizations: United Nations, Officials Locations: Ukraine, Russia, Black, Turkey, Russian

☆ The U.S. has lost thousands of tech workers to Canada — here's why
▼ + stars: | 2023-11-14 | by ( Sydney Boyo | ) www.cnbc.com time to read: +3 min

As of last month, the Canadian government says more than 6,000 U.S. H-1B visa holders had arrived in Canada so far this year. That's after massive layoffs left high-skilled foreign H-1B holders in limbo. The H-1B program targets highly educated and specialized foreign workers in fields such as tech and health care. The study also shows that Canada now has 1.1 million tech workers, and Toronto and Vancouver ranked among the top 10 tech cities in the U.S. and Canada. To learn more about how Canada is targeting H-1B visa holders, watch the video.

Persons: Annie Beaudoin, Harnoor Singh, Frederick Anokye, Kubeir Kamal, I'm, Marc Miller wasn't Organizations: Google, Microsoft, Meta, Apple, U.S . Citizenship, Immigration Services, Micron, College of Immigration, Citizenship, Canada's Tech, Vancouver, Canadian Locations: Canada, Canadian, U.S, India, Ghana, Toronto

☆ Ukraine says agreed with Britain discounts on insurance for Black Sea exports
▼ + stars: | 2023-11-14 | by ( Pavel Polityuk | ) www.reuters.com time to read: +3 min

Cayman Islands-flagged bulk carrier Puma leaves the sea port of Odesa, amid Russia's attack on Ukraine, in Ukraine September 15, 2023. This will make the Black Sea corridor more accessible to a wider range of exporters," Shmyhal said during the government meeting, video of which was posted on the Telegram messaging platform. Ukraine's government expects a harvest of 79 million tons of grain and oilseeds in 2023, with its 2023/24 exportable surplus totalling about 50 million tons. Ukrainian grain exports have fallen to 9.8 million metric tons as of Nov. 6 in the 2023/24 July-June marketing season from 14.3 million tons a season earlier. Ukraine has traditionally shipped most of its exports through its deep water Black Sea ports.

Persons: Stringer, Denys Shmyhal, Shmyhal, Mykola Solsky, Solsky, Volodymyr Zelenskiy, Pavel Polityuk, Sharon Singleton, Jonathan Oatis Organizations: Puma, REUTERS, Rights, Kyiv, United Nations, Ukrainian, Thomson Locations: Cayman, Odesa, Ukraine, Britain, Russia, Liberia, Ukrainian

☆ US SEC enforcement garnered nearly $5 billion in financial remedies last year
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: 1 min

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, garnering $4.95 billion in penalties and other financial remedies, the agency said in a statement on Tuesday. The total financial remedies in fiscal 2023 were the second-highest in SEC history, following last year's record of $6.4 billion, including both disgorgement and interest in addition to civil penalties, and underscored how the agency has sought to more aggressively police violations and misconduct under Democratic leadership. Reporting by Chris PrenticeOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Chris Prentice Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC, Democratic, Thomson Locations: Washington ,

☆ UK Minister to Sign Trade Pact With Florida Governor DeSantis
▼ + stars: | 2023-11-14 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

By Andrea Shalal and Alistair SmoutWASHINGTON (Reuters) - British Business and Trade Secretary Kemi Badenoch said she will sign a memorandum of understanding with Florida Governor Ron DeSantis on Tuesday to boost trade and investment with the fourth largest U.S. state. Badenoch said the Florida deal was Britain's seventh with U.S. states, and Britain was also making progress in talks with the U.S. federal government on a broader trade agreement. Badenoch and DeSantis, a Republican presidential hopeful, will sign the deal in the Port of Jacksonville around midday (1700 GMT) Tuesday. Trade between Britain and Florida is already worth more than 5 billion pounds ($6.14 billion) a year, but could expand under the new memorandum. Together with Florida, they account for a combined gross domestic product (GDP) of 3.3 trillion pounds ($4 trillion).

Persons: Andrea Shalal, Alistair Smout WASHINGTON, Kemi Badenoch, Florida Governor Ron DeSantis, Badenoch, Katherine Tai, Rishi Sunak, Joe Biden, Donald Trump, Biden, DeSantis, Trump, Alistair Smout, Edwina Gibbs, Mark Heinrich Organizations: Business, Trade, Florida Governor, U.S, Reuters, . Trade, British, Britain, Republican, Trump, NASA Kennedy Space Center Locations: Florida, Britain, China, Badenoch, DeSantis, Port of Jacksonville, London, Indiana , North Carolina, South Carolina , Oklahoma , Utah, Washington, Texas , New York , California, Colorado, Illinois

As of now, the DeSantis campaign is spending only in Iowa. But campaign manager Betsy Ankney called out DeSantis' campaign, which after winning the endorsement of Iowa Gov. Haley's campaign has also leaned on an allied super PAC to keep pace with DeSantis' allies in recent months. As of Sunday, Haley's super PAC had reserved nearly $4.9 million in advertising from Monday through January compared to almost $4 million reserved by DeSantis' super PAC, according to AdImpact. Davison expressed optimism about the direction of the DeSantis campaign, pointing to Reynolds' endorsement last week, which was “not only a huge endorsement and validator for Gov.

Persons: — Nikki Haley, Ron DeSantis, Haley campaign's, Haley's, Haley’s, Donald Trump, Joe Biden, DeSantis, Trump, Haley, Betsy Ankney, Kim Reynolds, “ Nikki Haley’s, ” Ankney, “, Andrew Romeo, Kristin Davison, Davison, Reynolds, Nikki Haley, ”, ” Davison, ” “, We’re, We’ve Organizations: United Nations, Florida Gov, GOP, The Associated Press, Trump, U.S . Capitol, Iowa's, Iowa Gov, Arrow, PAC, Haley's, Gov, “ Fox Locations: Iowa, New Hampshire, Florida, Georgia, Trump, South Carolina

☆ Greece starts process to sell 20% stake in National Bank
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

People walk outside the National Bank of Greece headquarters in Athens, Greece, January 17, 2022. REUTERS/Louiza Vradi/File photo Acquire Licensing RightsATHENS, Nov 13 (Reuters) - Greece on Monday announced plans to sell a 20% stake in National Bank of Greece (NBG) after concluding the sale of a 9% stake in Alpha Bank to UniCredit as it looks to divest from the country's lenders. It currently holds a 40.4% stake in NBG and a 27% stake in Piraeus Bank (BOPr.AT), Greece's third largest lender. NBG's shares were down about 1% at 5.39 euros at 1012 GMT on Monday, with the 20% stake valued at about one billion euros ($1.07 billion). Earlier on Monday, HFSF said it sold its 9% stake in Alpha Bank (ACBr.AT) to UniCredit for 293.5 million euros after an improved bid from the Italian bank.

Persons: Louiza, HFSF, Lefteris Papadimas, Jason Neely Organizations: National Bank of, REUTERS, Rights, Monday, National Bank of Greece, Alpha Bank, Hellenic, Stability, Piraeus Bank, Reuters, Global, Thomson Locations: National Bank of Greece, Athens, Greece, UniCredit, NBG

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