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☆ Barclays profit jumps 23% in third quarter, beating expectations
▼ + stars: | 2024-10-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

LONDON — British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations. The result compared with the £1.17 billion net profit forecast in an LSEG poll of analysts and was 23% higher than the same period in 2023. In the second quarter, Barclays net profit fell slightly year-on-year amid lower income at its U.K. consumer bank and corporate bank, as net profit jumped 10% at its investment bank. Corporate bank income was 1% higher due to a rise in average deposit balances, while investment banking income gained 6%. Amid declines, income at Barclays' private U.S. consumer bank dipped 2% year-on-year as its wealth management unit fell 3%.

Persons: Venkatakrishnan, we've Organizations: LONDON, Barclays, Revenue, Tesco Bank, CNBC

☆ Clippers open Intuit Dome with The Wall! and opposing fans are already testing the rules
▼ + stars: | 2024-10-24 | by ( Fred Katz | ) www.nytimes.com time to read: +6 min

His friend, a Clippers fan, had invited him to opening night. is a place by Clippers fans and for Clippers fans. Within moments, he was out, the first fan in Clippers history asked to leave The Wall. on Wednesday, and it wasn’t Chris, Steve, Ashley or any other adult who attended the overtime thriller. “That one,” the guard said, “I had to let go.”(Photo of Clippers owner Steve Ballmer: Ronald Cortes / Getty Images)

Persons: Chris, Steve, Chuck the Condor, Kevin Durant, Corey Maggette, Durant, ”, Yolanda, Ashley, Sharon, ” Sharon, “, —, Kirby Lee, Leonard, Devin Booker, couldn’t, Steve Ballmer, Ronald Cortes Organizations: LA Clippers, Los Angeles, Clippers, Phoenix Suns, NBA, Intuit, Steve Ballmer University, The Clippers, Suns, Intuit Dome, Wednesday’s Suns, Getty Locations: INGLEWOOD, Calif, Phoenix

☆ UPS beats quarterly profit estimates, raises operating margin forecast
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +2 min

(Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)United Parcel Service surpassed Wall Street estimates for quarterly profit and raised its full-year adjusted operating margin forecast on Thursday after it hived off its volatile truckload brokerage business, Coyote Logistics. The company had slashed its full-year adjusted operating margin target to 9.4% in July, despite an uptick in U.S. volumes because of the shift. It now expects a full-year operating margin of 9.6%. UPS saw a 6.5% growth in average daily volumes in its domestic segment in the third quarter. Its adjusted operating margin of 8.9% was above last year's 7.7%, on cost cuts.

Persons: Lindsey Nicholson Organizations: UPS, Getty Images, United Parcel Service, Wall, Coyote Logistics, U.S . Postal Service, Consolidated, United States Postal Service, FedEx Locations: Queens , New York, U.S, China

☆ Amid McDonald’s-linked E. coli outbreak, here are symptoms to watch for and ways to stay safe
▼ + stars: | 2024-10-24 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +7 min

CNN —An outbreak of infections linked to McDonald’s Quarter Pounders has a lot of people across the United States concerned about their exposure to dangerous E. coli bacteria. The type of bacteria that has been implicated in this outbreak is E. coli O157:H7. E. coli, or Escherichia coli, is a common type of bacteria that lives in the intestines of people and animals, but some E. coli can make people sick. For E. coli O157:H7, antibiotics are controversial and are generally not recommended based on some evidence that they can actually increase the risk of hemolytic uremic syndrome,” he said. Thoroughly cooking meat to an internal temperature of 160 degrees Fahrenheit throughout kills E. coli O157:H7, according to the US Department of Agriculture.

Persons: it’s, ”, James Gaensbauer, Dr, Marcus Pereira, ” Gaensbauer, “, Gaensbauer, Leana Wen, Wen, ” Pereira, ” Wen, Sanjay Gupta Organizations: CNN, US Centers for Disease Control, Mayo Clinic Children’s Center, Columbia University College of Physicians, ”, Food and Drug Administration, George Washington University Milken Institute School of Public Health, CDC, US Department of Agriculture, Get CNN, CNN Health Locations: United States, Rochester , Minnesota, Shiga, –

☆ Shiv Rao's Abridge has become the AI healthcare startup to watch
▼ + stars: | 2024-10-24 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: 1 min

Abridge has quickly become the healthcare AI startup to watch. Rao founded Abridge in 2018 to automate medical notetaking with its large language models. It's also gotten buy-in from major investors, including CVS Health Ventures and Lightspeed Venture Partners. Abridge in February announced it raised $150 million in Series C funding at an $850 million valuation. And in August, the startup got its biggest customer yet, notching a deal to provide its tech to Kaiser Permanente's clinicians.

Persons: Abridge, Rao, it's, It's, Kaiser Organizations: Sutter Health, Yale New, Yale New Haven Health, CVS Health Ventures, Lightspeed Venture Partners, Abridge Locations: Yale New Haven

☆ Former Sports Illustrated swimsuit model says Trump groped her to show off for Jeffrey Epstein
▼ + stars: | 2024-10-24 | by ( Jeremy Herb | Sunlen Serfaty | ) edition.cnn.com time to read: +11 min

New York CNN —A former Sports Illustrated swimsuit model is alleging that former President Donald Trump groped her in the 1990s, in what she believes was an attempt to show off for Jeffrey Epstein. “These accusations, announced on a Harris Campaign call two weeks before the election, are false,” said Trump campaign spokeswoman Karoline Leavitt. Trump and EpsteinWhen she and Epstein left Trump Tower, Williams said that he was silent while they rode down the elevator. After Epstein was charged, Trump told reporters that he did not know about his misconduct. “I was not a fan of Jeffrey Epstein,” Trump said.

Persons: New York CNN —, Donald Trump groped, Jeffrey Epstein, Stacey Williams, Epstein, Williams, Trump, “, didn’t, ” Williams, ”, “ Stacey, Donald, Kamala ”, Kamala Harris ’, Harris, Karoline Leavitt, Doug Emhoff ‘, ’, Emhoff, Epstein “, “ Donald, Epstein –, –, she’s, Jean Carroll, Jeff, ” Trump, she’d, CNN’s Scott Glover Organizations: New, New York CNN, CNN, Trump, New York Magazine, Sports, Democratic, Tech, Obama Locations: New York, Trump, New York City, Beach, Lago, City

☆ Micro-trends are taking over social media, and keeping up can be really expensive
▼ + stars: | 2024-10-24 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Fast-moving fashion micro-trends on social media can drive impulsive spending. A novel aesthetic or "-core" circulates on social media every few weeks, prompting consumers to buy in. 'The perfect profitability storm'Fast fashion, social media, and retailers like Shein have together created "the perfect profitability storm for the businesses and influencers using them," said Anthony Miyazaki, a marketing professor at Florida International University. Along with social media algorithms, micro-trends are being fueled by the cycle of doom spending: buying unnecessary stuff to feel better. "While it's easy to get caught up in what others are doing, it's important to remember that not everything is as it seems on social media," she said.

Persons: —, it's, Anthony Miyazaki, Miyazaki, Instagram, Tubefilter, Shein, Elysia Berman, Berman, TransUnion, Dan Pallesen, Pallesen, Bill Ryze, Ryze, Julie Guntrip, influencers, Guntrip, Baeckström Organizations: Service, King's Business School, Florida International University, Federal Reserve, Jenius Bank Locations: London

☆ Amazon Prime wants to help you save on gas
▼ + stars: | 2024-10-24 | by ( Erika Tulfo | ) edition.cnn.com time to read: +3 min

CNN —Prime members can now add “fuel discounts” to their ever-growing list of benefits. Members can avail themselves of the discount by linking their Amazon account to Earnify, a loyalty program app by BP. Amazon’s newest savings benefit could alleviate some of that potential grief for its over 184 million Prime subscribers. How Amazon is retaining its leadFuel and energy probably isn’t the first sector to come to mind when you think of Amazon, but analysts say that the recent inclusion of gas savings doesn’t come as too much of a surprise. “Other retailers are still playing catch up to Amazon, and Amazon wants to retain its lead,” Saunders said.

Persons: ”, Neil Saunders, Saunders, Wayfair’s, ” Saunders Organizations: CNN, Amoco, BP, GlobalData, Walmart, that’s, Target

☆ Zelenskyy's new T-shirt riffs on Trump — and annoyed the Kremlin
▼ + stars: | 2024-10-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Zelenskyy wore a T-shirt saying 'Make Russia small again' during a nightly address. AdvertisementPresident Volodymyr Zelenskyy showed up to his evening video address in an unusual T-shirt and got a scathing reaction from the Kremlin. Emblazoned on the black T-shirt, in red and white lowercase letters, was the phrase: "Make Russia small again." It included territory in modern-day Ukraine, Belarus, and western Russia, with its center in Kyiv, Ukraine's modern-day capital. As of Thursday, a copycat "make Russia small again" T-shirt was for sale on at least one e-commerce site, but it's unclear whether it will catch on.

Persons: Zelenskyy, —, Volodymyr Zelenskyy, Maria Zakharova, Rus, Kyivan Rus, MAGA, Donald Trump, Trump, Vladimir Putin Organizations: Service, Kremlin, Wednesday, Kyiv Independent Locations: Russia, Kursk, USSR, Russian, Kievan Rus, Kiev, Ukraine, Belarus, Kyiv

☆ FDA eyes McDonald's supplier Taylor Farms as source of E. Coli outbreak
▼ + stars: | 2024-10-24 | by ( Berkeley Lovelace Jr. | ) www.cnbc.com time to read: +2 min

A McDonald's Quarter Pounder hamburger is shown in this photograph, in New York's Times Square, Wednesday, Oct. 23, 2024. An E. coli outbreak has been traced to McDonald's Quarter Pound hamburgers served with raw slivered onions. An FDA spokesperson confirmed Thursday the agency was investigating Taylor Farms, adding, "We're looking at all possible sources." A McDonald's spokesperson said Wednesday that the raw onions were sourced from a single supplier and processed at a single facility. According to the company's website, Taylor Farms is a California-based producer of fresh-cut fruits and vegetables.

Persons: Taylor, Taco Bell Organizations: Drug Administration, . Foods, FDA, Centers for Disease Control Locations: New, Colorado, California

☆ A payments startup hoping to take on Stripe and Square just raised $75 million with this pitch deck
▼ + stars: | 2024-10-24 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Finix is a startup that works with merchants so they can accept and manage payments. On Thursday, it raised a $75 million Series C that included Lightspeed Ventures and Acrew Capital. AdvertisementSome of the industry's biggest fintech investors just backed an up-and-coming payments startup challenging Stripe and Square. The San Francisco-based startup raised $75 million in a Series C funding round, the company announced Thursday. AdvertisementFinix processes billions of dollars every month for tens of thousands of merchants, Serna said.

Persons: —, Richie Serna, Finix, Serna, " Serna Organizations: Lightspeed Ventures, Acrew, Service, Acrew Capital, Lightspeed Venture Partners Locations: San Francisco, Finix's, Serna

☆ The last mile of inflation is always more complicated: Standard Chartered's Viñals
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe last mile of inflation is always more complicated: Standard Chartered's ViñalsJose Viñals, group chairman at Standard Chartered, discusses the economic outlook and geopolitical risks with CNBC's Karen Tso at the IMF annual meetings in Washington, D.C.

Persons: Jose Viñals, Karen Tso Organizations: Standard Chartered Locations: Washington ,

The investigation into the E. coli outbreak in McDonald's Quarter Pounders that has killed at least one person and sickened nearly 50 others increasingly points to the slivered onions served on the hamburgers. The onions in question, according to a McDonald’s spokesperson, come from a single source and are then sliced and packaged as raw vegetables in individual bags and sent to restaurants. State health officials alerted the CDC about an unusual uptick in E. coli cases on Oct. 10. There is no indication that diced onions on other McDonald’s menu items are part of the outbreak. "While the slivered onions are the likely source, FSIS continues to verify the safety of the ground beef used," the spokesperson said.

Persons: McDonald's, Matt Wise, Rachel Herlihy, “, ” Herlihy, Lowell Schiller, it's, Schiller Organizations: Mayo Clinic, Centers for Disease Control, Prevention, NBC News, CDC, Food and Drug Administration, FDA, Safety, Inspection Service, Agriculture Department Locations: Greeley , Colorado, Colorado, Mesa County, . Nebraska, Iowa , Kansas , Missouri, Montana , Oregon , Utah , Wisconsin, Wyoming, Chipotle

The lawsuit, which was filed Tuesday in U.S. District Court in Orlando, accuses Character.AI of negligence, wrongful death and survivorship, as well as intentional infliction of emotional distress and other claims. A screenshot of what the lawsuit describes as Setzer’s last conversation shows him writing to the bot: “I promise I will come home to you. That’s not a good reason not to go through with it,” the lawsuit claims. Character.ai said in a blog post published Tuesday that it is introducing new safety measures. Setzer had also been conversing with other chatbot characters who engaged in sexual interactions with him, according to the lawsuit.

Persons: Character.ai, Megan Garcia’s, Sewell Setzer, Setzer, Daenerys Targaryen, Dany, ”, ” Setzer, “, That’s, Character.AI, Barnes, roleplayed, Sewell, Noam Shazeer, Daniel De Freitas, De Freitas, Matthew Bergman, Garcia, ” Bergman Organizations: Prevention, Technologies, Google, Alphabet Inc Locations: Florida, U.S, Orlando, California, Sewell, seductively

☆ South Carolina to build state's first individual monument honoring an African American
▼ + stars: | 2024-10-23 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

“South Carolina is a great state. Or would a more fitting tribute to Smalls be to recognize the statesman who served in the South Carolina House and Senate and the U.S. House after the Civil War? That’s how Republican Rep. Chip Campsen, an occasional ship pilot himself, sees honoring one of his favorite South Carolinians. While South Carolina has a monument with multiple panels honoring the struggle of African Americans from their journey on slave ships through today, it doesn’t honor an individual Black man or women among the two dozen monuments scattered around the Statehouse. I think it is important that we tell that the right way to honor him and to honor south Carolina.

Persons: Robert Smalls isn’t, Smalls, Jermaine Johnson can’t, “, Heck, it’s, ”, Johnson, Brandon Cox, We’ve, ” Cox, Robert Smalls, toots, Woodrow Wilson, Chip Campsen, ” Campsen, J, Marion Sims, ” Ben Tillman, Black, Shane Massey, “ Robert Smalls, Chris Barr, Barr, you’ve, ” Barr Organizations: U.S . House, Rep, Statehouse, Senate, Republican Rep, South Carolina House, Confederate, Union, Republican, Reconstruction, Historic, United States Navy Locations: BEAUFORT, S.C, — South Carolina, American, U.S, Goose, “ South Carolina, South, Beaufort, Carolina, Charleston

A person close to the campaign said that at this moment, having Clinton on the campaign trail might not be the most helpful move, since it needed to focus on its core messages. Clinton is expected to do at least one event for the Harris campaign in the final week of the election, according to two people familiar with the planning, though an event has not been announced. It is unclear if Clinton will appear alongside the vice president on the campaign trail. A Harris campaign official said Clinton will campaign for the vice president in the final stretch of the race. “Hillary Clinton said, ‘I’m With Her,’ and they were not,” the Harris aide said of voters.

Persons: WASHINGTON, Kamala Harris, Hillary Clinton, Harris, Clinton, Harris ’, she’s, “ Kamala, ” Clinton, ” Harris, ”, Donald Trump, Trump, “, Hillary Clinton —, Bill Clinton, —, “ Hillary Clinton, ‘ Organizations: Democratic National Convention, NBC News, Democratic, ”, Trump, White, Republican, Washington , D.C, Trump White House Locations: Pennsylvania, North Carolina, Michigan, Georgia, Washington ,

Vice President Kamala Harris will deliver a “closing argument” speech in Washington, D.C., on Tuesday at the site where former President Donald Trump spoke shortly before the Jan. 6 riot, according to a senior campaign official. Harris will argue it's time to turn the page on Trump and choose a new way forward, the official said. Sources had told NBC News earlier in the day that Harris' campaign had been planning an address on the National Mall and had sought a permit for the site. “We have come to demand that Congress do the right thing and only count the electors who have been lawfully slated,” Trump told the crowd, urging it repeatedly to "fight." The Harris campaign official said the campaign plans to contrast Trump's worst moment in office with what the official called Harris' optimistic vision for the future.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Paul J, Richards, ” Trump, ou'll, ” Organizations: Washington , D.C, Trump, NBC, NBC News, National Park Service, White House, Getty, Capitol, White Locations: Washington ,

☆ Vance takes on clean-up duty for Trump: From the Politics Desk
▼ + stars: | 2024-10-23 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

Plus, chief political analyst Chuck Todd digs into the closing messages from Trump and Kamala Harris. Vance emerges as Trump’s explainer-in-chiefBy Henry J. Gomez and Alec HernándezJD Vance’s willingness to regularly take questions from mainstream news outlets has added an unofficial duty to his role as Donald Trump’s running mate: explainer-in-chief. That time Trump questioned whether Vice President Kamala Harris is really Black? “I think he pointed out the fundamental chameleon-like nature of Kamala Harris,” Vance contended. The sources all noted they did not have direct knowledge that this was a formal Trump campaign plan.

Persons: Henry Gomez, Alec Hernández, JD Vance, Donald Trump's, Chuck Todd, Kamala Harris, Vance, Henry J, Gomez, Alec Hernández JD, Donald Trump’s, Trump, ” Vance, “, stoked, —, Read, → Harris, Matt Dixon, Yamiche Alcindor, Carol E, Lee Kamala Harris, Seven Harris, ” Harris, Donald Trump, ”, Harris, I’m, haven’t, Kamala Harris ’, she’s, Chuck → Organizations: NBC, White House, Capitol, Trump, Democratic, GOP, NBC News, United States Capitol, Republican Locations: Detroit, Black, Michigan, ”, San Francisco

The president of McDonald’s USA said Wednesday that the company can "restore confidence" as it seeks to minimize the damage from an E. coli outbreak linked to the chain’s Quarter Pounders in multiple states. We took swift action yesterday to remove the Quarter Pounder from our menu. This was swift and decisive action by us,” Joe Erlinger, president of McDonald's USA, said on NBC's “TODAY” show. Customer Aaron Chapa, 22, said he eats at the restaurant a few times a week and consumed a Quarter Pounder over the weekend but never got sick. “I knew it was only the Quarter Pounder that was affected,” said Chapa, who was satisfying his hunger Wednesday with a cheeseburger.

Persons: ” Joe Erlinger, Erlinger, we’ve, It’s, Mike Railey, “ I’ll, ”, Railey, hadn’t, it’s, Aaron Chapa, “, Chapa, “ I’m, Yash Reddy, didn’t, McDonald’s, McDonald's Organizations: McDonald’s USA, McDonald's, Centers for Disease Control, CDC, Nebraska, Guggenheim Partners Locations: McDonald’s, McDonald's USA, Colorado, Denver, Iowa , Kansas , Missouri, Montana , Oregon , Utah , Wisconsin, Wyoming

☆ Pizza chain sparks protests for doubling down on dessert referring to ex-D.C. Mayor Marion Barry and drug use
▼ + stars: | 2024-10-23 | by ( Juliana Valencia | Juliana Valencia Is An Emmy-Winning General Assignment Reporter For Nbc Washington | A Contributor To Telemundo | ) www.nbcnews.com time to read: +5 min

Washington-based &Pizza promoted a new menu item Monday called Marion Berry Knots, a dessert with marionberries. &Pizza on U Street in Washington, D.C., on Tuesday. A statue of the four-term mayor stands outside the Wilson Building downtown, and Southeast Washington has Marion Barry Avenue SE. D.C. Council member Marion Barry at the end of an unfinished streetcar line in the Anacostia neighborhood of Washington on Oct. 14, 2014. She “requested that the attorneys for the Estate of Marion Barry Jr. look into the matter and act accordingly,” the representative said.

Persons: Life ” Marion, Pizza, Marion Berry Knots, ”, Craig Hudson, Austin Lee, Mike Burns, that’s, ” Barry, Marion Barry, Barry, Evelyn Hockstein, Akosua Ali, Marion Barry’s, Ron Moten, ” Moten, Barry's, Cora Masters Barry, “, Marion Barry Jr, Peyton Sherwood Organizations: Protesters, D.C, Life, NBC Washington, Washington , D.C, The Washington, Getty, Pizza, Marion, FBI, Washington, Ward, NAACP Locations: WASHINGTON, Washington, Washington ,, Skyland, Southeast Washington, Wilson, Anacostia, Maryland , Virginia , New Jersey, Pennsylvania

Between the time it takes to process mail ballots and deal with provisional ballots in some battleground states, votes will not be fully tabulated on election night. Projections of who won a close presidential race might not come for days, similar to the 2020 election. The sources all noted they did not have direct knowledge that this was a formal Trump campaign plan. The Trump campaign did not respond to a request seeking comment. In 2020, Trump quickly proclaimed victory on election night, even though he ultimately ended up losing to Joe Biden.

Persons: Kamala Harris, Donald Trump’s, Seven Harris, —, Trump, ” Harris, Donald Trump, ”, “, Joe Biden, there’s, “ I’ve, ” “, ” Al Schmidt, Harris, Rudy Giuliani, “ That’s, Susie Wiles, Chris LaCivita, ’ ” Roger Stone, James Baker, George W, Bush, Joseph Kennedy, John F, Kennedy, Stone, ” Stone, ‘, Biden, Harris ’, ” Trump Organizations: NBC, Trump, NBC News, United States Capitol, Republican, CBS, New, “ Locations: Pennsylvania, Wisconsin, Wisconsin , Michigan, Georgia, Pennsylvania’s, North Carolina, New York City

PHILADELPHIA — For 30 years, the Rev. Alyn E. Waller has led his flock at Enon Tabernacle Baptist Church, the city’s largest Black congregation. But on Saturday, the good pastor led another kind of assembly: 100 Black men, mostly clad in leather, astride a pack of snarling motorcycles. “Here we are in Philly, 100 fellas on bikes in the city and the police are helping us, not chasing us,” Waller said, a chorus of hogs, trikes and slingshots rising around him. “We’ve got Black Bikers Vote, Black Men Vote and then just people who care about democracy getting together on a beautiful day to ride bikes through some of the areas in Philadelphia that need to be reminded to exercise their franchise,” Waller said.

Persons: Alyn E, Waller, ” Waller, “, ”, Harley, Davidson, “ We’ve Organizations: PHILADELPHIA, Baptist Church, Black Locations: Philly, Black, Philadelphia

☆ Vera C. Rubin Observatory: World’s largest digital camera will be a ‘game-changer’ for astronomy
▼ + stars: | 2024-10-23 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

CNN —On a mountaintop in northern Chile, the world’s largest digital camera is preparing to power up. The expectation is that in this way, Vera Rubin will discover about 17 billion stars and 20 billion galaxies that we’ve never seen before — and that’s only the beginning. “We’re anticipating about 10 million alerts per night coming off the telescope,” Higgs says. “The Vera Rubin Observatory will enable astronomers to map the distribution of dark matter like never before, based on how dark matter bends the path of ordinary starlight — a process known as ‘gravitational lensing,’” Kaiser explains. “After all, it was her seminal work on the detection of dark matter in spiral galaxies in the 1970s that got this pursuit going,” says Natarajan.

Persons: Vera C, —, Vera Rubin, “, Rubin, ”, Clare Higgs, Higgs, Charles Simonyi, Bill Gates, it’s, Olivier Bonin, ” Higgs, “ We’re, There’s, David Kaiser, Kaiser, ” Kaiser, Rubin Obs, Konstantin Batygin, Kate Pattle, “ Rubin, Priyamvada Organizations: CNN, Rubin, Department of Energy’s, Science, US National Science Foundation, Accelerator Laboratory, Stanford University in, Accelerator, Survey, Netflix, Massachusetts Institute of Technology, Nine, California Institute of Technology, of Physics, Astronomy, University College London, Yale University Locations: Chile, Cerro Pachón, Chilean, Santiago, Stanford University in California, California

☆ WPP's former dealmaker is joining investment bank Canaccord Genuity — a sign advertising M&A could heat up
▼ + stars: | 2024-10-23 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Canaccord Genuity is hiring the former WPP dealmaker Lance Maerov to work on ad and media M&A. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Canadian investment bank Canaccord Genuity is hiring a former top dealmaker at the advertising giant WPP for its advertising and media mergers-and-acquisitions practice, Business Insider can exclusively reveal. Canaccord Genuity didn't respond to requests for comment.

Persons: Lance Maerov, —, Genuity, It's, IPG, Martin Sorrell, Maerov, Sorrell, Mark Read, Andrew Scott, Weinstein, Harvey Weinstein Organizations: WPP, Service, Madison, Mars United Commerce, Publicis Groupe, Verve, Jun, Epsilon, Street, Nike, Tata Consultancy Services, Street Journal, Real Media, Weinstein Co, Vice Media Locations: British

☆ IMF warns on China's property market worsening as it cuts country's growth outlook
▼ + stars: | 2024-10-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Qilai Shen | Bloomberg | Getty ImagesThe International Monetary Fund (IMF) warned of a possible worsening of the state of China's property market as it trimmed its growth expectations for the world's second-largest economy. In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection. In 2025, growth is expected to come in at 4.5%, according to the IMF. The Washington, D.C.-based organization also highlighted that China's property sector contracting by more than expected is one of many downside risks for the global economic outlook. Subsidies in certain sectors, if targeted to boost exports, could exacerbate trade tensions with China's trading partners," the agency said.

Persons: Qilai Shen, Gourinchas Organizations: Bloomberg, Getty, Monetary Fund, IMF, The, D.C, U.S, Reuters Locations: Nanjing, Shanghai, China, The Washington, Japan

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