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I've test-driven well over 30 electric cars. These 4 vehicles from BMW, Mercedes, Lucid, and Rolls-Royce stand out for being the most luxurious. Morning Brew Insider recommends waking up with, a daily newsletter. From rush-hour traffic to long road trips, we often spend more time in our cars than we'd like. Out of the dozens of electric cars I've tested and reviewed, four stand out as being the most comfortable and luxurious.
Persons: Royce Organizations: BMW, Mercedes, Royce
Analysts point to receding recession concerns and the prospect of a less aggressive policy stance from the U.S. Federal Reserve as factors fuelling hopes for a broader market rally. The second quarter earnings season has started positively for cyclical sectors, with over a quarter of the global companies announcing their results so far, Refinitiv Eikon data showed. "The upcoming earnings season has the potential to broaden the rally for sure. However, there are plenty of laggards especially in cyclical sectors such as financials and consumer discretionary, which are available at attractive valuations, analysts say. Over the past month, the communication services, mining and financial sectors have all posted about 5% gains, outpacing the tech sector's modest 2% rise.
Persons: Puneet Singh, Singh, Alastair Pinder, Derek Izuel, Patturaja Murugaboopathy, Noel Randewich, Vidya Ranganathan, Alison Williams Organizations: U.S . Federal Reserve, Reuters, Societe Generale, Carnival Corp, Equity, Nasdaq, Intelligence, Royce, Reuters Graphics Reuters, HSBC Research, Shelton Capital Management, Thomson Locations: U.S, Singapore, Asia, Europe, California
"For many people, the pandemic is now over, and this is time now for travelling far from home," said Corinne Martin, fund manager at Ofi Invest in Paris. The point at which China announced the end of health restrictions in 2022 was probably the best moment to jump into travel stocks. They remain buyers, noting how at 11 times 2024 earnings, the stock displays an unjustified discount and prices no growth. "Now, vacation budget is no more a variable families adjust," said Jerome Schupp, fund manager at Prime Partners in Geneva. European travel and leisure earnings are seen rising 63% this year and 23% in 2024, according to Refinitiv Datastream.
Persons: Corinne Martin, Ofi's Martin, Martin, Goldman Sachs, Jerome Schupp, Schupp, Cristina Matti, Andrea Scauri, Lastminute, Refinitiv, Lucy Raitano, Conor Humphries Organizations: MILAN, Ofi Invest, Paris . Airlines, Royce, World Tourism Organization, China, Traders, Paris Olympics, UEFA European Football, Ryanair, Europe's, Prime Partners, Visa, Air, Thomson Locations: Paris, Europe, Germany, Geneva, Air France, Lemanik, London
New BT boss’s biggest test is investor relations
  + stars: | 2023-07-31 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 31 (Reuters Breakingviews) - BT’s (BT.L) board faced the challenge of hiring a new CEO willing to implement a turnaround strategy decided by their predecessor. It has solved that problem by appointing one of its own members, Allison Kirkby, to the post vacated by outgoing Philip Jansen. Shares in the Swedish telco sank 4% on news of her departure, suggesting Telia’s loss is a gain for BT. Kirkby won’t take over until January 2024 but, having sat on BT’s board for more than four years, she should be able to hit the road running. Keeping these two investors on her side will be the real test for Kirkby at BT.
Persons: Allison Kirkby, Philip Jansen ., Swedish telco, Kirkby won’t, Patrick Drahi’s, Jansen, Pierre Briançon, Liam Proud, Oliver Taslic Organizations: Reuters, Telia Company, BT, Kirkby, Deutsche Telekom, Twitter, Soaring, of Japan, Thomson Locations: Swedish, Kirkby
Chase Griffin has more than 30 brand deals, and his recent ones are mostly multi-year partnerships. Chase Griffin. 1st College Athlete Brand Ambassador for the largest/most powerful bank in the world. JP MOrgan Chase 1st College Athlete Brand Ambassador. "NIL & Athlete Brands: A NewEra", November 22, 2022.
Persons: Chase Griffin, Griffin, JPMorgan Chase, he'll, influencers, Chase Griffin Griffin, Griffin doesn't, He's, that's, I've, Page, JP Morgan Chase, Lucchese Bootmaker, Frances https, JP MOrgan, Chase Griffin Chase Griffin, Chase, Lucchese, Ed, Arthur Ashe Jr Organizations: UCLA, Gatorade Football, University of California, DirecTV, Foods, JPMorgan, LA Regional Food Bank, Bloomberg, LinkedIn, Boost Mobile, LA Food Bank, DMs, Twitter, JPMorgan Chase, Range Media Partners, WGA, SAG, Brands, ucla, Creative, Banking, Chase Bank, Morgan Wealth, Bank, Champs, Urban Outfitters, United States Polo Association, Lucchese, Hollywood, Marketing, UWG, UC Investments Academy, Fund Public Service, Regional Food Bank, Empowerment, Sports, Entertainment, Beach, Sports Rights, Cannes, Creativity, Cannes Lions, College Football Hall of Fame, Association, Conference, 1st, Financial, JP MOrgan Chase, Brand, of College Athletics, Rose Bowl, Community, Royce, True Bruin, Town Hall, Sports Innovation, Chase Center, NV, Regents, Brand Innovators, College, Los Angeles Times, ESPN, Unilever, Shell, Rose Bowl Stadium, Los Angeles Regional Food Bank, Leadership Team, Council, Range, WPP, University of California Investments, UC, Santa Monica Hospital, Public Affairs, Leadership, UCLA Law, National Football Foundation, Pro Football Hall of Fame, Texas High, Gatorade Locations: Texas, Los Angeles, Opendorse, Instagram, Hollywood, CA, Cannes, Atlanta, Carlsbad, Los Angeles , CA, Pasadena, Los Angeles CA, San Francisco , CA, Los Angeles ,, Las Vegas, United
Soaring StanChart still has lots of work to do
  + stars: | 2023-07-28 | by ( ) www.reuters.com   time to read: +2 min
SINGAPORE, July 28 (Reuters Breakingviews) - Bill Winters’ bank is finally getting its act together – to an extent. London-listed Standard Chartered (STAN.L) on Friday reported its highest first-half revenue and earnings since Winters joined as CEO in 2015. The upgraded 12%-14% top-line growth for this year, from 10% previously, caught investors' eyes, as did a chunky $1 billion share buyback programme. Winters managed to get costs down to 61% of revenue in the first half, close to his 2024 target of around 60%. Even after Friday’s bump, StanChart trades at just two-thirds of 12-month forward tangible book value, using analyst estimates gathered by Refinitiv Datastream.
Persons: Bill Winters, Winters, It’s, Refinitiv Datastream, Liam Proud, Streisand Neto Organizations: Reuters, , HSBC, DBS, Twitter, Bank of Japan, Thomson Locations: SINGAPORE, London
Bank of Japan has its cake and eats it
  + stars: | 2023-07-28 | by ( ) www.reuters.com   time to read: +2 min
Governor Kazuo Ueda on Friday shocked global markets by pledging more flexibility in the Bank of Japan’s (8301.T) yield curve control scheme, its mechanism for controlling long-term interest rates. The central bank said its previous rigid target of keeping yields on 10-year sovereign bonds in a range of 0.5% to minus 0.5% was now just a “reference”. And it promised to buy 10-year bonds at 1%, which Ueda defined as a “just-in-case” cap. Traders immediately breached the officially unchanged range; the yield on 10-year government bonds hit a 9-year high of 0.575%. Instead, the bank may have found a way to make it more sustainable.
Persons: Kazuo Ueda, Ueda, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Bank of Japan’s, Traders, Global, Twitter, Consumers, Thomson Locations: MUMBAI, Japan, Una
Consumers will win in cannabis-credit card clash
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +2 min
The $376 billion payments network wants its financial partners in transactions for cannabis to crack down on using its debit cards, Bloomberg reported on July 26. The budding industry is running out of convenient options for customers to pay for its products. By definition, payments networks such as Mastercard and Visa (V.N) are middlemen, facilitating the movement of money between parties. In the weed business, that means they take the money from the buyer’s bank account and ship it into the dispensary’s. In Washington, D.C., some cannabis shops peddle quasi-worthless knickknacks such as stickers to customers while “gifting” small amounts of pot.
Persons: workarounds, Mastercard’s, Anita Ramaswamy, Lauren Silva Laughlin, Sharon Lam Organizations: YORK, Reuters, Mastercard, Bloomberg, Visa, D.C, Twitter, Thomson Locations: Washington
Neste's output snafu dents net-zero aviation goals
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +2 min
Neste’s production woes are a big headache for Chief Executive Matti Lehmus but also for the aviation sector. That includes up to 1 million tons of sustainable aviation fuel (SAF), which is key to make planes greener as it cuts carbon emissions by up to 80%. Neste is now predicting that it will produce 230,000 tons less of renewable diesel and sustainable aviation fuel in the second half of 2023. Neste's production problems will further complicate the aviation race to net zero. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Matti Lehmus, Pamela Barbaglia, Lisa Jucca, Streisand Neto Organizations: Reuters, Twitter, Thales, Thomson Locations: Singapore, Neste
Shares in the British company jumped 24% to 190 pence, the highest level since the start of the pandemic in March 2020. The company said it now expected profit this year of between 1.2 billion and 1.4 billion pounds ($1.6-1.8 billion), up from its previous guidance of between 800 million and 1 billion pounds. The market had been forecasting 934 million pounds. Chief Executive Tufan Erginbilgic, who joined the company in January, said his turnaround had started well, with progress already evident across the company. ($1 = 0.7755 pounds)Reporting by Paul Sandle and Sarah Young Editing by Kate Holton and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Tufan Erginbilgic, Bernstein, Paul Sandle, Sarah Young, Kate Holton, Mark Potter Organizations: Royce, British, Airbus, Boeing, Thomson Locations: Ukraine
LONDON — European stock markets were slightly lower early Wednesday amid a slew of earnings and ahead of the latest monetary policy update from the U.S. Federal Reserve. The benchmark Stoxx 600 index was 0.1% lower, with sectors spread across losses and gains. France's CAC 40 fell 0.77% as luxury goods behemoth LVMH fell 3.6% after reporting a surprise slowdown in U.S. sales after the market close on Tuesday. Banks nudged 0.1% higher as Deutsche Bank and UniCredit both beat expectations, while British aerospace and defense firm Rolls-Royce soared 20% higher after it hiked its profit forecast for the year.
Persons: LVMH, Banks, Royce Organizations: U.S . Federal Reserve, CAC, Deutsche Bank
A Rolls Royce jet engine on display at the Rolls-Royce aircraft jet engine production and repair facility in Blankenfelde on February 28, 2023 near Berlin, Germany. LONDON — Shares of Rolls-Royce rocketed to their highest level since the start of the pandemic Wednesday morning after the British aerospace and defense firm raised its full-year profit guidance and said it would vastly outperform expectations for its half-year results. Market consensus is currently for a £934 million underlying operating profit, the company said. It added that it sees its first-half underlying operating profit, due August 3, coming in at just over double analyst expectations of £328 million. Rolls-Royce makes engines for Airbus and Boeing.
Persons: Royce rocketed Organizations: Rolls Royce, Royce, LONDON, Airbus, Boeing Locations: Blankenfelde, Berlin, Germany, British
Causeway Capital CEO Sarah Ketterer shares her top stock picks
  + stars: | 2023-07-26 | 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 EmailCauseway Capital CEO Sarah Ketterer shares her top stock picksSarah Ketterer, Causeway Capital Management CEO and portfolio manager, joins 'Squawk Box' to share her top stock picks including Rolls Royce, Samsung, Reckitt Benckiser, where she sees investment opportunities around the world, and more.
Persons: Sarah Ketterer, Rolls, Reckitt Organizations: Email Causeway, Causeway Capital Management, Rolls Royce, Samsung
Rolls-Royce boss reaps benefits of setting bar low
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 26 (Reuters Breakingviews) - Six months after calling Rolls-Royce (RR.L) a “burning platform”, Chief Executive Tufan Erginbilgic is giving Britain’s flagship engineering group a high five. Shares spiked 20% as investors celebrated the possibility of free cash flow hitting 1 billion pounds in 2023, 37% above consensus. The company had nearly 3.3 billion pounds of net debt last year, and Barclays analysts are pencilling in an increase this year. Erginbilgic can safely argue that Rolls-Royce is no longer a burning platform, but until he closes that gap he can expect heat from investors. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Tufan Erginbilgic, Erginbilgic, France’s Safran, Pamela Barbaglia, Aimee Donnellan, Oliver Taslic Organizations: Reuters, Royce, Barclays, Electric, Twitter, Thales, Thomson
UK's FTSE 100 slips on dour earnings; NatWest falls
  + stars: | 2023-07-26 | by ( Shashwat Chauhan | ) www.reuters.com   time to read: +2 min
The FTSE 100 index (.FTSE) lost 0.2%, while the more domestically focussed FTSE 250 midcap index (.FTMC) was flat. UK earnings season picked up pace with Lloyds Banking Group(LLOY.L), Britain's biggest mortgage lender, posting a pre-tax first-half profit below analysts' forecast compiled by the bank. The lender fell 2.7%, while the UK banks index (.FTNMX301010) slipped 0.9%. Rolls-Royce (RR.L) soared 19.3%, to hit its highest level in over three years after the aero-engineering company raised its full-year operating profit forecast. Reporting by Shashwat Chauhan in Bengaluru; editing by Eileen Soreng and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.
Persons: Royce, Aston Martin, Alison Rose, Nigel Farage, Georgina Cooper, Aston, Shashwat Chauhan, Eileen Soreng, Sohini Organizations: HY, U.S, Fed, Lloyds, NatWest, NatWest Group, BBC, Lloyds Banking Group, BNY, Equity, Rio Tinto, Royce, Dunhill, Tobacco, Aston Martin Lagonda Global Holdings, U.S . Federal Reserve, Thomson Locations: Rio Tinto, London, Rio, Bengaluru
The monthly increases for both measures have been 0.3% or less in seven of the last eight months. The BoC, which will release minutes from its July meeting on Wednesday, has said it doesn't want to tighten more than is needed. Canadians are particularly sensitive to higher borrowing costs after loading up on debt in recent years as house prices soared. The July inflation data is due for release on Aug. 15. Reporting by Fergal Smith; Editing by Denny Thomas and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Benjamin Reitzes, Reitzes, Royce Mendes, Mendes, Fergal Smith, Denny Thomas, Jonathan Oatis Organizations: TORONTO, Bank, Canada's, BoC, BMO Capital Markets, Reuters Graphics Reuters, Bank of Canada, Desjardins, Thomson Locations: Helpfully
I spent a day with the Rolls-Royce Spectre and saw what a $420,000 car interior looks and feels like. Morning Brew Insider recommends waking up with, a daily newsletter. Whenever I mention that the electric Rolls-Royce I recently tested costs $420,000 and up, people can't help but burst out laughing in disbelief. It's mind-boggling that a car — with four wheels, a steering wheel, some seats — can cost about as much as the median US home. But the Rolls-Royce Spectre, the British brand's first electric vehicle, is a very special car.
Persons: Royce Locations: British
A federal judge refused to toss "QAnon Shaman" Jacob Chansley's guilty plea. The judge pointed to "miles of footage" showing Chansley rioting at the Capitol. "Such an about-face casts serious doubt on the veracity of any of Mr. Chansley's claims, here or elsewhere." In media interviews after his release, he expressed regret for his guilty plea and tried to get it reversed. Carlson, the judge wrote, included "inflammatory characterizations of cherry-picked videos stripped of their proper context" that undermined faith in the criminal justice system.
Persons: Jacob Chansley's, Chansley, Tucker Carlson, Jacob Chansley, Royce C, Lamberth, Chansley's, Joe Biden's, Donald Trump, Gandhi, Kevin McCarthy, Carlson, William Shipley Organizations: Capitol, Service, Fox News, Republican, Senate, Former Fox News, Fox, Twitter Locations: Wall, Silicon, Chansley's
A United Arab Emirates resident and Nigerian citizen was sentenced to 8 years in federal prison for orchestrating a multi-million dollar fraud scheme that victimized businesses across the U.S., Illinois federal prosecutors said. Ponle worked with a network of scammers to masquerade as corporate entities using phishing emails. Ponle will forfeit those items, collectively valued at over $1 million, and pay more than $8 million in restitution to victim companies. Ponle was prosecuted despite the lack of an extradition treaty between the UAE and the United States. Federal officials at the DOJ'S Office of International Affairs worked with their UAE counterparties to secure Ponle's rendition.
Persons: Olaekan Jacob Ponle, Ponle, Royce Cullinan, Lamborghini Organizations: Jumeirah, United, United Arab Emirates, Federal Bureau of Investigation, Justice Department, Royce, UAE, Federal, DOJ'S, International Affairs, UAE counterparties Locations: Dubai, United Arab Emirates, United Arab, U.S, , Illinois, UAE, Nigeria, Nigerian, United States
OTTAWA, July 18 (Reuters) - Canada's annual inflation rate dropped more than expected to a 27-month low of 2.8% in June, data showed on Tuesday, led by lower energy prices while food and shelter cost increases persisted. Month-over-month, the consumer price index was up 0.1%, Statistics Canada said, which was also lower than the 0.3% forecast. "Inflation is definitely moving in the right direction, but we're seeing stickier and more persistent core measures," said Michael Greenberg, senior vice president and portfolio manager at Franklin Templeton Investment Solutions. The average of two of the Bank of Canada's (BoC) core measures of underlying inflation, CPI-median and CPI-trim, came in at 3.8% compared with 3.9% in May. "The Bank of Canada's preferred measures of core inflation, which exclude significant moves in individual categories, show that underlying price pressures remain sticky," said Royce Mendes, head of macro strategy at Desjardins Group.
Persons: stickier, Michael Greenberg, Royce Mendes, Mendes, We're, Jules Boudreau, Ismail Shakil, Steve Scherer, Fergal Smith, Nivedita Balu, Dale Smith, Will Dunham, Alexandra Hudson Organizations: OTTAWA, Reuters, Statistics, Bank of Canada's, Franklin Templeton Investment Solutions, Canada's, Desjardins Group, The Bank of Canada, Mackenzie Investments, Canadian, Alexandra Hudson Our, Thomson Locations: Statistics Canada, Mackenzie, China, Ottawa, Toronto
NEW LOOK 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 . AdvertisementAdvertisementTucked away in the mountains with sweeping views of the Tetons, luxury resort Amangani includes 40 suites that start at $975 per night and go up to $2,100 per night. The Jackson Hole, Wyoming, resort is part of global luxury chain Aman Resorts, which is beloved by celebrities and ultra-wealthy. Last summer, I visited Jackson Hole, which has become a ritzy resort town, and got an exclusive tour of Amangani.
Persons: , Stuart Lang, Jackson, Amangani Organizations: Service, Rolls Royce, Aman Locations: , Wyoming
I drove two Rolls-Royces: a traditional gas-powered one and a new electric model. The electric Spectre takes Rolls-Royce comfort and quietness to the next level. The gas-powered Ghost sedan is fabulous too, featuring an extravagant interior. But at an event marking the Spectre's launch I drove it and a gas-fueled Ghost sedan (worth around $400,000) to see how they stack up. They're both spectacular in almost every way, but there's one key reason I think the Spectre is the ultimate Rolls-Royce.
Persons: Royce Organizations: Tesla, Royce Locations: California
"We expect the Bank of Canada to raise its policy rate to 5.00% and leave the door open to more hikes this fall." Twenty of 24 economists surveyed by Reuters expect the central bank to lift rates by another quarter of a percentage point and then hold them there well into 2024. Money markets see more than a 70% chance of a rate hike on Wednesday, and are fully pricing in such a move by September. Canada added far more jobs than expected in June, according to data published on Friday. "And let's face it, inflation is still above the Bank of Canada's 2% target."
Persons: Royce Mendes, Tiago Figueiredo, Doug Porter, Porter, Steve Scherer, Fergal Smith, Paul Simao Organizations: OTTAWA, Bank of Canada, BoC, Bank of Canada's, Group, Reuters, BMO Capital Markets, Thomson Locations: Canadian, Canada
I got driven in the Rolls-Royce Cullinan SUV and Ghost sedan. The Rolls-Royce Cullinan starts at around $400,000. Getting whisked to my destination in a $500,000 Rolls-Royce Cullinan SUV provided an even fuller picture of the good life — and disproved once and for all the notion that you can't get any happier after making $75,000 per year. The Rolls-Royce Cullinan's headrest had trim that matched the cabin's blue theme. The Rolls-Royce Ghost is little sibling of the Phantom.
Persons: Royce Cullinan, Royce, I'd, Tim Levin, Royce Cullinan's, Cullinan, Royce Cullinan's headrest Organizations: Royce, SFO, BMW, TSA Locations: New York, San Francisco, Napa, Nobu, Riding, steerage
That tremendous chunk of change gets you an opulent interior and positively serene driving experience. It's easy to question why somebody would possibly spend half-a-million dollars on a car like a Rolls-Royce. I spent a day last month testing out the new 2024 Rolls-Royce Spectre, the ultra-luxury brand's first electric vehicle. It was my first time driving a Rolls, and I was blown away by the $420,000 coupe's opulent interior and impossibly serene driving feel. Let me take you along for the ride and show you everything there is to know about the Spectre.
Persons: Royce Organizations: Royce
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