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Share to Twitter Share to Linkedin Key takeaways Bank stocks sold off heavily last week, as nervous investors ran for the exits over - well, basically nothing With no fundamental reasons for the sell off, they’ve rebounded swiftly on Monday First Citizens Bank is up over 45%, on news that it has acquired over $72 billion of assets from collapsed Silicon Valley Bank, at a discount of $16.5 billion After the collapse of Silicon Valley Bank and Signature Bank, as well as the weekend fire sale of Credit Suisse to rival UBS, Deutsche Bank was in the headlines last week as the latest in the financial sector to come under pressure. There have been numerous analysts and public commentators expressing concerns over the banking sector, worried about whether the initial collapses were a sign of a financial crisis brewing underneath the surface. As well as large banks like Deutsche Bank, regional banks have been hit particularly hard. First … [Read more...] about How Investors Can Navigate Banking Uncertainty As Deutsche Bank, First Citizens Bank And First Republic Bank Stock Seesaws

Share to Twitter Share to Linkedin The company that operates Paris’ airports insists that plans are moving ahead to launch an air taxi service for the 2024 Olympic Games in Paris. Solène Le Bris of Groupe ADP, which manages Charles De Gaulle and Orly airports, confirmed the timeline while speaking at an Amsterdam drone conference, according to The Guardian. “We are trying to launch the first e-VTOL [vertical takeoff and landing] pre-commercial service in the world: that’s our ambition,” she said. The air taxis are designed by a company called VoloCity . The first of five “vertiports” opened last year Cergy-Pontoise to help test the service. Eventually, commercial passengers will be able to board and disembark from the air taxis at these points. While the service may potentially be revolutionary, its practical impact will likely be limited. The air taxis only have room for the pilot and one passenger. As such, the number of tickets … [Read more...] about Paris 2024: Will Electric Air Taxis Be Ready For Summer Olympics?

Share to Twitter Share to Linkedin With roughly 270 million people living within its borders, Indonesia is the fourth most populous nation on the planet—and for a deep dive into the fascinating array of cultures found across the country, there’s no better destination than Jakarta. This massive metropolis has served as the Indonesian capital since 1961, offering a colossal array of top-tier restaurants, museums, and historic landmarks for both visitors and locals to enjoy. As you plan your first visit to this storied city, don’t miss out on these incredible Indonesian experiences. Try Flavorful Indonesian Cuisine in PIK Located just east of Soekarno–Hatta International Airport, Pantai Indah Kapuk—or PIK, for short—is one of Jakarta’s most affluent communities, providing visitors with a wealth of polished restaurants to enjoy during a visit. While the province of Bali has earned abundant acclaim for its spectacular natural beauty, visitors to PIK can … [Read more...] about Five Essential Activities For First-Time Visitors To Jakarta

Share to Twitter Share to Linkedin Of all the voices calling for Major League Soccer to stop through FIFA international match windows, Thiago Almada’s agent is unlikely to be one of them. Almada’s value as arguably the most certain European-bound current MLS star has been in plain sight through his opening four games of the 2023 Regular season. The 21-year-old Argentine ( who is already a World Cup winner ) merely scored four goals and assisted four more to start the new campaign, helping his team earn 10 points from 12 in the process. But any lingering doubts of his value to his current club were truly erased by the misery his side endured on Saturday night in their first game of the year without him. With Almada one of several Atlanta players away on international duty, a team that entered having won back-to-back games by a combined seven-goal margin was on the other side of a 6-1 hiding to a Columbus Crew team also missing key internationals. And … [Read more...] about Atlanta United’s Thiago Almada May Have Boosted His Transfer Value Saturday … Without Playing

Share to Twitter Share to Linkedin By Satta Sarmah Hightower Identity theft can upend someone’s life, both financially and emotionally. It’s a reality facing customers daily. Someone becomes a victim of identity theft every four seconds , reports the National Council on Identity Theft Protection. With increasingly sophisticated cybersecurity threats on the rise, companies have a responsibility to protect their consumers—and a big opportunity to deepen trust and loyalty if they get it right. To help businesses navigate this, we talked to Erik Nienaber, CTO and head of product at Iris Powered by Generali , a leading provider of identity and personal cyber protection solutions for businesses to offer to their customers. Below, he shares five tips to help companies bolster identity protection efforts and ultimately enrich the customer experience, build trust and boost business outcomes. 1. Assess Your Plan What’s your company’s approach to … [Read more...] about This Cybersecurity CTO Shares 5 Tips To Better Protect Your Customers

Share to Twitter Share to Linkedin Note: Tapestry’s FY’22 ended on July 2, 2022. After a 42% growth over the last six months, at the current price of around $41 per share, we believe Tapestry (NYSE: TPR) , a luxury goods retailer of handbags, shoes, and accessories under the Coach, Kate Spade, and Stuart Weitzman brands - could see modest growth. TPR stock has increased from around $29 to $41 in the last six months, compared to an 8% rise in the S&P index. The company’s stock has bounced back as of late after the company reported impressive earning results during this period - despite the increase in transportation costs and higher inflationary pressures. Also, Coach has a more significant physical presence in China, which is expected to be the key beneficiary of China’s reopening. China’s luxury market is rapidly recovering from the pandemic with greater strength and resilience. It is expected to reach around $112 billion by 2025, or approximately … [Read more...] about Does Tapestry’s Stock Have More Room For Growth?