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☆ Japan’s Nikkei hits 34-year high
▼ + stars: | 2024-02-13 | by ( ) edition.cnn.com time to read: +2 min

Tokyo Reuters —Japan’s Nikkei share average closed at a fresh 34-year high on Tuesday as trading resumed after a long holiday weekend, with tech-related shares and strong corporate earnings supporting the benchmark stock index. The Nikkei climbed 2.89% to 37,963.97 to its highest since January 1990, after briefly breaching 38,000 points. The broader Topix rose 2.12%. Among other top gainers, Tokio Marine Holdings Inc and MS&AD Insurance Group Holdings Inc gained 11% and 10.82%, respectively. As the Nikkei climbs toward its all-time high, the US consumer price index (CPI) report out later on Tuesday will be in focus.

Persons: SoftBank, “, ” JP Morgan, ”, Charu Chanana Organizations: Tokyo Reuters, Japan’s Nikkei, Nikkei, Tokyo, SoftBank, ARM Holding, Tokio Marine Holdings Inc, Insurance, Holdings, CPI, Saxo Markets, Otsuka Holdings Locations: Tokyo

☆ The stock market debate is trapped in the '90s with both bulls and bears drawing comparisons
▼ + stars: | 2024-02-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

Value-investing asset manager GMO last week published a study showing that the top ten S & P 500 stocks by size have handily beaten an equal-weighted pool of the other 490 for several years now. Neither is Microsoft, a useful indicator give that it was the largest stock by market cap both in December 1999 and today. Indeed, today the stock market has done well even as expectations for the speed and depth of rate cuts this year have diminished. (Industrials are leading, the equal-weight S & P is up 19% from October and there were 204 new 52-week highs on the NYSE Friday over 24 new lows.) The S & P 500 uptrend has for weeks targeted the 5050 area, as an immediate culmination point, and it's just about there.

Persons: Morgan, Marko Kolanovic, —, Janus, Stocks, it's, Alan Greenspan, Greenspan, Jerome Powell, Ned Davis, Ed Clissold, Jurrien, Goldman Sachs Organizations: Nvidia, Cisco, Nasdaq, Cisco Systems, Microsoft, Fed, Netscape, Boston, NYSE Locations: Russia, It's, Orange County, Calif

☆ Nintendo's stock could rise by 30%, say analysts — if it overcomes these hurdles
▼ + stars: | 2024-02-08 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Gibson, a senior research analyst at financial services firm MST Marquee, has set a price target of 11,000 Japanese yen ($74) for Nintendo's stock. This represents a 31% upside over the current price. He told the investment bank's clients that Nintendo could delay the Switch 2 launch if the momentum for the current console remains strong. The analyst has rated Nintendo a buy but set a conservative price target of 8,400 yen. However, if the new console fails to gain traction with consumers, Gibson cautioned that Nintendo's stock is likely to miss his price target.

Persons: David Gibson, Gibson, Mario, That's, isn't, Jefferies, Atul Goyal, Goyal, Junko Yamamura, — CNBC's Arjun Kharpal Organizations: Nintendo, Super Nintendo, Universal Parks & Resorts, Mario Bros, CNBC, Citi Locations: United States, Germany, Florida

☆ Japanese stocks can soar 50%, says advisor — and investors can cash in with these ETFs
▼ + stars: | 2024-02-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The Nikkei 225 index , one of Japan's most important stock market benchmarks, could surge more than 50% over the next two years, according to Tokyo-based advisor Jasper Koll. The Nikkei 225 currently stands at just over 36,000 points, meaning Koll's target represents a potential upside of around 50% in the next two years. Hong Kong investors have the CSOP Nikkei 225 Index ETF available. This ETF tracks the MSCI Japan index, which is a different index from the Nikkei 225 but holds about 70% of the same stocks. European, UAE, and Singapore-based investors can access the MSCI Japan index through the iShares MSCI Japan UCITS ETF.

Persons: Jasper Koll, Monex, Koll, CNBC's, JP Morgan Japan, Warren Buffett, Berkshire Hathaway Organizations: Nikkei, JP Morgan, Berkshire, KIM, Japan, Japan Hedged Equity Locations: Tokyo, Japan, Berkshire, that's, Swiss, Hong Kong, U.S, UAE, Singapore

☆ Nintendo hikes sales forecast of flagship Switch console to 15.5 million units
▼ + stars: | 2024-02-06 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The Japanese gaming giant previously forecast sales of 15 million Switch consoles in the current fiscal year which ends in March. Here's how Nintendo did in its fiscal third quarter, from October to December, versus LSEG estimates: Net sales: 598.6 billion Japanese yen ($4 billion) versus 568.7 billion yen expectedNet profit: 136.7 billion Japanese yen versus 130.3 billion yen expected Net sales fell 6% year-on-year while net profit rose 18%. Switch boostThe December quarter underscores how Nintendo has managed to extend the life of its near seven-year old Switch console. Nintendo said the "Super Mario Bros. Wonder" game, which was released in October, had a "solid start," with sales of 11.96 million units. Nintendo Switch successor in focus

Persons: Mario, Zelda, Charly Triballeau, upping, Donkey Kong, Princess Peach Organizations: Nintendo, AFP, Getty, Mario Bros

☆ The CEO 'return to office or else' is having limited success in 2024
▼ + stars: | 2024-02-04 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +5 min

This past week alone, Boeing and UPS called workers back to the office five days a week. A survey by the Conference Board found few U.S. CEOs saying they will prioritize bringing workers back to the office full time in the year ahead. Jotform, an online form-building platform with about 660 team members, recently made the decision to require employees to be in the office five days a week. A December Resume Builder poll of 800 business leaders found that 8 in 10 companies will track employee office attendance in 2024. In some cases, companies are also finding it difficult to crack down on lower-level employees because higher-ups also aren't complying.

Persons: it's, Elliott Sprecher, Morgan Chase, Davis Polk, What's, Laura Putnam, Henry Nothhaft, Betsy Henning, Finn, Putnam Organizations: Boeing, UPS, Conference Board, IBM, Google, Skadden, Finn Partners Locations: Slate, RTO

☆ Chang: It's still too early to declare victory on inflation
▼ + stars: | 2024-02-01 | 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 EmailChang: It's still too early to declare victory on inflationJoyce Chang, chair of global research at JP Morgan, discusses expectations for Fed rate cuts this year now that March appears to be off the table.

Persons: Chang, It's, Joyce Chang, JP Morgan Organizations: JP

☆ A doctor lost 50 pounds on a healthy diet and another 30 pounds on Mounjaro. She says weight loss drugs may be the 'easy way out' — but so what?
▼ + stars: | 2024-01-31 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

After consulting her doctor, she lost another 30 pounds off-label on the diabetes drug Mounjaro, which is now marketed for weight loss as Zepbound. Advertisement"It was really kind of life-changing to me because it was just so easy and so natural to lose weight," Grunch told Business Insider of taking Mounjaro. AdvertisementPeople shouldn't be judged for taking weight loss drugsWhen Grunch, who shares insights into her life with her 1.8 million Tiktok followers, started losing weight, viewers speculated she was on weight loss drugs and accused her of taking the "easy way out." Oprah Winfrey , for example, told a panel in last September that she thought weight loss drugs were "the easy way out," but revealed she was taking one in December. AdvertisementThere is a huge amount of research, such as this 2014 study , showing that shaming people into weight loss doesn't work, and in fact leads to further weight gain.

Persons: —, Mounjaro, Betsy Grunch, JP Morgan, Grunch, wasn't, shouldn't, Oprah Winfrey, Winfrey Organizations: Service, Business, Research

☆ Trump must still cough up at least $90M in E. Jean Carroll verdict — and soon — even though an appeal means she has to wait for it
▼ + stars: | 2024-01-30 | by ( Laura Italiano | Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +6 min

Donald Trump has to cut a fat check, and his appeal of the E. Jean Carroll verdict won't delay that. While he appeals the verdict, Carroll can't touch that money — but neither can Trump. Here, as an example, is the judgment Kaplan issued after last year's Carroll verdict, the one that ordered he pay $5 million in damages. Last time around, for the $5 million verdict, Trump went with cash. The premium is money Trump would never see again, according to a surety executive who spoke on condition of anonymity.

Persons: Donald Trump, Jean Carroll, Trump, Carroll, —, Donald Trump's, Carroll's, Roberta Kaplan, Stephanie Keith, Lewis Kaplan, That's, Kaplan, Judge Kaplan, babysit — Trump, what's, Chubb, Morgan Chase, Donald Trump Scott Eisen, general's, Habba Organizations: Trump, Service, Business, Travelers Insurance, Liberty Mutual, New, Trump Organization Locations: Manhattan, New York

☆ ‘Days of Wine and Roses’ Review: Romance on the Rocks
▼ + stars: | 2024-01-28 | by ( Laura Collins-Hughes | ) www.nytimes.com time to read: +1 min

Seldom have a pair of alcoholics looked as glamorous as they do in Craig Lucas and Adam Guettel’s bruised romance of a Broadway musical, “Days of Wine and Roses,” starring Kelli O’Hara and Brian d’Arcy James as midcentury-modern Manhattan lovers free-falling all the way to hell, drinks in hand. And yet we can sense the allure: how alcohol might become the one true thing that matters, smoldering wreckage be damned. Adapted from JP Miller’s recovery-evangelizing 1958 teleplay and 1962 film of the same name, this “Days of Wine and Roses” is like a jazz opera melded seamlessly with a play. Deeper, wiser and warmer than it was in its premiere at Off Broadway’s Atlantic Theater Company last year, it is no longer so wary of melodrama that it’s afraid of feeling, too. Gone is the emotional aridity that kept the story at a strange remove.

Persons: Craig Lucas, Adam Guettel’s, ”, Kelli O’Hara, Brian d’Arcy James, doesn’t, Michael Greif’s Organizations: Atlantic Theater Company Locations: Manhattan

☆ Opinion: The return to office fallacy
▼ + stars: | 2024-01-22 | by ( Opinion Peter Bergen | ) edition.cnn.com time to read: +5 min

And yet, some corporate titans are still pushing for their employees to return to their offices. Working parents, in particular, benefit from not having to waste time, money and flexibility commuting to an office. A 2023 Bankrate survey found that 74% of working women with children are in favor of remote work, while 64% of all working Americans support it. I am writing this column in Washington, DC, but work with editors in New York, London or Atlanta. So why do some bosses still feel it necessary to prolong the slow and necessary death of The Office?

Persons: Peter Bergen, CNN —, Banks, Goldman Sachs, Morgan, Jamie Dimon, ” Organizations: New, Arizona State University, Apple, Spotify, CNN, Peter Bergen CNN, titans, JPMorgan Chase, Meta, Pew Research Center, University of Chicago Locations: New America, ”, Brooklyn, Manhattan, Chicago, Mexico City, San Francisco, Washington ,, New York, London, Atlanta

☆ Oil extends losses as economic headwinds weigh on demand outlook
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell for a second day on Monday as economic headwinds pressured the global oil demand outlook and outweighed geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. Brent crude fell 41 cents, or 0.5%, to $78.15 a barrel by 0105 GMT after settling down 54 cents on Friday. "This morning's subdued re-open speaks volumes about current sentiment in the crude oil market despite ongoing geopolitical tensions in Europe and the Middle East," IG analyst Tony Sycamore said. Russian producer Novatek aid on Sunday it had been forced to suspend some operations at the Baltic Sea terminal because of a fire. In the Middle East, the Gaza war rages on while the U.S. struck another anti-ship missile preparing to launch into the Gulf of Aden by Yemen's Houthi militants on Saturday.

Persons: headwinds, Brent, Tony Sycamore, Yemen's, IG's Sycamore, Baker Hughes, JP Morgan Organizations: West Texas, U.S . Energy Information Administration, International Energy Agency, Organization of, Petroleum, Energy Locations: Red, Ras Behar, Egypt, Europe, Ukrainian, Russian, Gaza, U.S, Aden, Iran, China

☆ Electric vehicles will be a 'very big thematic' for Indonesia in the next decade, says JP Morgan
▼ + stars: | 2024-01-18 | 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 EmailElectric vehicles will be a 'very big thematic' for Indonesia in the next decade, says JP MorganHenry Wibowo, head of research and strategy at JP Morgan Indonesia, discusses the country's economic growth drivers, including the electric vehicle market and infrastructure projects.

Persons: Morgan Henry Wibowo, JP Morgan Indonesia Organizations: JP Morgan Locations: Indonesia

☆ What weight tells us about our health
▼ + stars: | 2024-01-17 | by ( Dr. Sanjay Gupta | ) edition.cnn.com time to read: +12 min

(CNN) — If you’ve been paying attention to health news recently, you may have noticed a subtle but real shift in the way society discusses body weight. Beyond health care dollarsDespite changing attitudes about larger bodies, excess weight does carry a price. From a health care standpoint, it costs the country a lot of money. According to a study published in the journal The Lancet in 2020, 27% of total health care expenditures in 2016 — about $730.4 billion — could be attributed to “modifiable risk factors” for preventable health conditions like cardiovascular disease. That was eight years ago, when our total health care expenditure was $2.7 trillion, according to the study.

Persons: you’ve, We’re, Dr, Fatima Cody Stanford, “, They’re, Adolphe Quetelet, Ancel Keys, ”, ” Stanford, Morgan, That’s, we’ll, Daniel Lieberman, who’ll, Oprah Organizations: CNN, American Medical Association, Massachusetts General Hospital, Harvard Medical School, National, bloodwork, Harvard Locations: Belgian

☆ 16 VCs that are funding the future of entertainment by backing generative AI and other disruptive tech
▼ + stars: | 2024-01-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +17 min

AdvertisementAfter a period of "wild west" investing in AI, Blank believes activity will favor AI companies that respect artists' consent and compensation. It recently co-led a $1 million seed round in Conduiit, which centralizes entertainment companies' production finance operations. Endeavor Venture InvestmentsEndeavor Venture Investments is the venture arm of entertainment and sports behemoth Endeavor. SWaN & LegendThe Virginia-based VC firm has a broad consumer portfolio that includes a number of entertainment investments. With Hollywood in contraction, SWaN has largely hit pause on new entertainment investments to get its portfolio companies on a strong footing.

Persons: Michael Blank, Blank, Jon Miller, Miller, Slack, Garnet Heraman, BDMI, Urs Cete, Michael, TMRW, Tiger Woods, Rory McIlroy, Elysian Park Ventures Jay Adya, Grant Lamos, Tom Brady, Gotham Chopra, Michael Strahan, Jay Adya, Morgan, Kushaan Ahuja, Drew Glover, Glover, Alex Harris, they've, Noah Doyle, Payback India, Jed Katz, Rich Greenfield, Rich, Ilya Pozin, Jamie Seltzer, LightShed, Steve Cohen's, it's, Sri Chandrasekar, Tripp Shriner, Ishan Sinha, That's, Wondery, Ian Doody, Raine, Gordon Rubenstein, Joe Ravitch, Jeff Sine, ‐, Fred Schaufeld, SWaN, that's, Oscar, Jose, Schaufeld, Sam Wick, Alex J, Investcorp, Paul Yoo, Edgar Bronfman Jr, Daniel Leff, Waverley, Leff Organizations: Service, Creative Artists, Connect Ventures, Business, Hollywood, Veteran, TPG, Integrated Media Co, Advancit, CAA, Bertelsmann, Waverley, Octopus Ventures, Accel, Facebook, Venture, Aperture Venture, Bertelsmann Digital Media Investments, Fremantle, Connect, CAA Connect Ventures, New Enterprises Associates, TMRW Sports, Disney, Universal, Elysian Park Ventures, Elysian, Sports, Endeavor Venture, Endeavor Venture Investments, behemoth Endeavor, Dapper Labs, Fiat Ventures, Fiat Ventures Fiat Ventures, Fiat, Payback, Rent, LightShed, Rich Greenfield Influential, LightShed Ventures, Pluto, Apple, Octopus Ventures Octopus Ventures, Investments, Corp, Etsy, Re, Point72 Ventures New York Mets, Range Media Partners, Point72 Ventures, Sri, Powerhouse, Athletic, The New York Times Co, Evolution Media, Creative Artists Agency, Astro, Rave Digital Media, Accel Entertainment, Jose Andrés Media, Berliner, UTA Talent, UTA, UTA Ventures, Ventures, VR, Amazon, PFL Locations: blockchain, —, Conduiit, fintech, London, Australia, Papercup, Los Angeles, Virginia, UTA.VC

☆ Honda teases new EVs with futuristic 'Space-Hub' and 'Saloon' concept cars
▼ + stars: | 2024-01-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

The concept models are called the "Space-Hub" and "Saloon," which the first production "Honda 0 Series" EV will be based on, according to the Japanese automaker. Honda plans to introduce the first model of the Honda 0 Series based on the Saloon concept in North America, followed by model introductions in Japan, Asia, Europe, Africa and the Middle East, and South America. Honda Space-Hub concept electric vehicle Courtesy HondaThe Saloon is a sleek, futuristic-looking vehicle that seems fit for "Tron" movies, with a large open-mouthed front-end light in neon lighting with a redesigned Honda "H" in the center. Inside, the Saloon features a minimalistic digital cockpit with a yoke steering wheel, which is similar to concept cars from other companies that have debuted at CES. Honda Saloon concept electric vehicle Courtesy HondaBoth concepts appear to be designed to feature autonomous driving capabilities: the steering yoke is able to retract into the dashboard of each.

Persons: Toshihiro Mibe, Honda Organizations: Honda, CES Locations: North America, Japan, Asia, Europe, Africa, South America

☆ Nintendo is expected to launch the 'Switch 2' console this year. Here's what to expect
▼ + stars: | 2024-01-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Splatoon 3 proved to be a hit in Japan, helping keep momentum for Nintendo's ageing Switch console. Nintendo has sold 132.46 million units of the Switch, making it the company's second-most successful console after the handheld Nintendo DS. If the Switch remained popular in the holiday quarter then Nintendo could push a new console out to the Fall of this year, Goyal said. If Switch sales dropped in the December quarter, the new device could come as early as Spring or Summer, he added. Kantan Games' Toto said he expects the successor to be a "new device and not just an upgrade."

Persons: Philip Fong, Mario, Zelda, Serkan Toto, Piers Harding, Atul Goyal, Goyal, I'm, Nintendo's, Harding, Rolls, Toto, Moffett Nathanson, Will Organizations: Nintendo, AFP, Getty, CNBC, Kantan Games, Ampere, Jefferies, Mario Bros, Moffett Locations: Japan, Tokyo

☆ Why automakers are turning to hybrids in the middle of the industry's EV transition
▼ + stars: | 2023-12-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +9 min

Sales of traditional hybrid electric vehicles, or HEVs, such as the Toyota Prius, are outpacing those of all-electric vehicles in 2023, according to Edmunds. Sales of plug-in hybrid electric vehicles, or PHEVs, accounted for only 1% of U.S. sales through November. In comparison, Ford's EV sales are up 16.2% to roughly 62,500 units, accounting for 3.5% of its total sales. Battery breakdown Both hybrids and plug-in hybrids have a traditional engine combined with EV technologies. The world's largest automaker is considered the pioneer of traditional hybrids, with the Prius.

Persons: Scott Mlyn, Biden, HEVs, EVs, There's, Jessica Caldwell, Edmunds, Morgan Stanley, Eric Watson, Jim Farley's, Jeep Wrangler, Motors, Mary Barra, It's, Mark Reuss, Stephanie Brinley, Akio Toyoda Organizations: CNBC DETROIT —, EV, Toyota Prius, Toyota, Honda Motor, Hyundai, Kia, U.S, Representatives, Kia America, CNBC, Detroit automakers, Detroit, Ford Motor, Ford, Chrysler, Jeep, Cherokee, GM, Chevrolet, Automotive Press Association, National, Traffic Safety Administration, American Automotive Policy Council, Reuters, NHTSA, P Global Mobility . Industry, EVs, Wall Street Locations: Edmunds, U.S, That's, Kia America's, China, Detroit, EVs

☆ US charges ex-ambassador with spying for Cuba over decades
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

Rocha, 73, was arrested and is expected to appear before a federal judge in Miami on Monday. Bolivian President Hugo Banzer shakes hands with Victor Manuel Rocha, the then U.S. Ambassador to Bolivia, during a ceremony in the Goverment Palace in La Paz, August 3, 2000. File photo DM/JP/HB Acquire Licensing RightsRocha worked for the State Department from 1981 to 2002, the Justice Department said. State Department spokesperson Matthew Miller told reporters he was unable to provide details on an ongoing law enforcement matter.

Persons: Victor Manuel Rocha, Merrick Garland, Rocha, Hugo Banzer, Matthew Miller, Miller, Andrew Goudsward, Katharine Jackson, Ismail Shakil, Simon Lewis, Rami Ayyub, Bill Berkrot Organizations: Justice, Justice Department, Cuban, United, Bolivian, HB, State Department, White, National Security Council, . military's Southern Command, Washington, Directorate of Intelligence, Thomson Locations: United States, Bolivia, Cuba, Miami, Goverment, La Paz, Florida, U.S

☆ Morningstar: The top 10 stocks to buy in December as the market rally continues into the new year
▼ + stars: | 2023-12-03 | by ( Mark Reeth | ) www.businessinsider.com time to read: +2 min

That's a far-cry from where many Wall Street pros thought stocks would end the year. Others, like analysts at Bank of America, BMO, and Deutsche Bank believe the market could roar to new all-time highs . Rather than try to guess where the market is heading next, investors would be better off finding high-quality stocks to invest in for the long run. Thankfully, Morningstar's Margaret Giles recently compiled a list of the stocks to buy now, drawn from analysts' larger collection of the best companies to own. These stocks have "predictable cash flows and are run by management teams that have a history of making smart capital-allocation decisions," she wrote.

Persons: Taylor Swift, JP Morgan, Morningstar's Margaret Giles Organizations: Business, JP, Bank of America, BMO, Deutsche Bank

A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.

Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid

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

☆ De Winton’s golden mole rediscovered after nearly 100 years
▼ + stars: | 2023-12-01 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

CNN —A blind golden mole that glides through sand has been rediscovered in South Africa, 87 years after wildlife experts feared it had gone extinct. A beach in the northwest of South Africa where De Winton's golden moles are living. The challenge was pinpointing if De Winton’s golden mole was one of them. Common species, such as Cape golden mole and Grant’s golden mole were easily identifiable, but since there was only one De Winton’s golden mole reference DNA available, the team could not confidently identify it. De Winton’s golden mole is the 11th of its “most-wanted lost species” rediscovered since the program launched in 2017.

Persons: CNN —, JP Le Roux, eDNA, De, ”, Samantha Mynhardt, Jessie –, Nicky Souness, Cobus Theron, Christina Biggs, “, Theron Organizations: CNN, Wildlife Trust, University of Pretoria, Stellenbosch University, EWT Locations: South Africa, Port Nolloth, Cape

☆ Wall Street closes amazing November in a bullish mood, and for good reason
▼ + stars: | 2023-11-30 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

We are closing out an extraordinary month: The S & P 500 is up nearly 9%, its fourth-best month in 12 years. The equal weight S & P 500 is up almost as much as the market-cap weighted S & P 500. Of the 10 major financial firms, only two (Morgan Stanley and JP Morgan) see the S & P 500 lower next year. Wall Street strategists' year-end S & P 500 estimates . That puts the S & P 500 at a very rich multiple of almost 19 times forward earnings (17x is the historic norm).

Persons: Russell, Morgan Stanley, JP Morgan, Goldman Sachs, Morgan, bullish, Brian Belski, Scott Wren, Wren, That's, JP Morgan's, Dubravko Organizations: Wall, Deutsche Bank, BMO Capital Markets, Capital Markets, Bank of America, Barclays, Goldman, UBS Global Wealth, Wells, Wells Fargo Securities, Treasury, Core PCE, Wells Fargo Institute, CNBC Locations: Wells Fargo, Atlanta

☆ JPMorgan's Jamie Dimon says he isn't afraid of China, but would leave if the US government told him to
▼ + stars: | 2023-11-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

JP Morgan boss Jamie Dimon said at NYT's Dealbook conference the bank would leave China if ordered to. AdvertisementJamie Dimon says he's not "afraid" of China — but that JP Morgan would leave if the US government told it to. "If the American government makes me leave China, I'm leaving China. Tensions between China and Taiwan, which China regards as a breakaway province, have been growing . That poses a challenge to firms like JP Morgan, which has been active in China for a century and has expanded its presence there in recent years.

Persons: Morgan, Jamie Dimon, Dimon, —, he's, JP Morgan, Biden, I'm Organizations: CNBC, Service, The New York Times, Business Locations: China, Taiwan, I'm

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