US regulators rebuff Citigroup’s ‘living will’ resolution plan

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Nasdaq’s longest win streak of 2024 ends as US stocks slip from peak

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Ranked: Which NHL Team Takes Home the Most Revenue?

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June 20, 2024

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Which NHL Team Takes Home the Most Revenues?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This graphic shows every NHL team’s revenue from the 2022/23 season using data from Forbes, compiled by JP Morgan Asset Management.

Ranked: The Highest-Earning NHL Teams

As the final round of the Stanley Cup Playoffs wears on, two teams on different ends of the revenue spectrum face off.

Despite representing a much smaller city than the other teams at the top of the ranking, the Edmonton Oilers have the second highest revenue in the league at $281 million. The Oilers have seen the fastest revenue growth over the past five years (13%) as the team has improved.

Team2022-23 Season RevenueValuation Toronto Maple Leafs$281M$2.8B Edmonton Oilers$281M$1.9B Los Angeles Kings$279M$2.0B New York Rangers$265M$2.7B Montreal Canadiens$265M$2.3B New Jersey Devils$240M$1.5B Boston Bruins$239M$1.9B Vegas Golden Knights$233M$1.1B Chicago Blackhawks$228M$1.9B Philadelphia Flyers$219M$1.7B Washington Capitals$218M$1.6B Dallas Stars$210M$1.1B Pittsburgh Penguins$207M$1.2B Detroit Red Wings$199M$1.2B Vancouver Canucks$198M$1.3B Seattle Kraken$197M$1.2B Tampa Bay Lightning$196M$1.3B Minnesota Wild$185M$1.1B St Louis Blues$184M$1.0B New York Islanders$183M$1.6B Calgary Flames$183M$1.1B Colorado Avalanche$182M$1.2B Nashville Predators$180M$1.0B Carolina Hurricanes$177M$0.8B Anaheim Ducks$164M$0.9B Winnipeg Jets$162M$0.8B Florida Panthers$161M$0.8B Buffalo Sabres$159M$0.8B San Jose Sharks$158M$0.9B Columbus Blue Jackets$151M$0.8B Ottawa Senators$128M$1.0B Arizona Coyotes$120M$0.5B

In the 2022/23 season, the Florida Panthers pulled off a major upset in the first round of the playoffs and fought their way to the finals before losing to the Vegas Golden Knights.

Despite the success last season, the Panthers still find themselves in the bottom six in this ranking, with $161 million in revenue. The team also has the second lowest operating income in the league, after Ottawa. Florida is an emerging hockey market though, with revenue increasing 9% over the past five years.

Other Hockey Revenue

Nuvei shareholders approve Advent International’s $6.3bn private equity buyout

Shareholders of Canadian payment platform Nuvei have approved a plan for the company’s acquisition by US private equity firm Advent International, valuing the deal at $6.3bn. 

In a vote, 99.24% of participating shareholders endorsed the proposal, which will see them receive $34 per share in cash. 

The proposal, initiated by Advent International with existing shareholders Novacap, CDPQ, and Nuvei chair and CEO Philip Fayer, was presented in April. 

As part of the deal, which is expected to close either later this year or in Q1 2025, Fayer will retain his roles and Nuvei will continue to operate from its Montreal headquarters. 

Glass Lewis and Institutional Shareholder Services had previously advised shareholders on the offer. 

Nuvei made headlines when it went public in 2020, raising $833m and setting a new record for a tech IPO on the Toronto Stock Exchange. The company also attracted the attention of Canadian actor Ryan Reynolds, who invested in the business in 2023. 

How investors can stay protected with emerging market opportunities

Investors may want to consider hedging their emerging market plays, according to one exchange-traded fund expert.

Ben Slavin, global head of ETFs and managing director at BNY, said that while there have been notable inflows into Indian, European and Japanese ETFs, investors should account for the strength of the U.S. dollar.

“You have to look at the impact of the dollar on those returns, depending on whether you want to be hedged or unhedged because it’s a very important driver of where things will go looking forward,” Slavin told CNBC’s “ETF Edge” on Monday.

One area he pointed to is the levels between the U.S. dollar vs. the Japanese yen.

The iShares MSCI Japan ETF (EWJ) gives investors exposure to Japanese equities but does not account for fluctuations between the Japanese yen and the U.S. dollar. It’s grown less than four percent this year.

The WisdomTree Japan Hedged Equity Fund (DXJ), which gives exposure and accounts for fluctuations, has grown more than 20% in that same time frame.

“It’s very important to make that decision about how to allocate, especially as it comes to your views on the dollar. And ETFs have those different options available for investors to allocate one way or the other,” Slavin said.

CNBC

Private equity swerves to avoid another costly Hertz bankruptcy

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Revolut seeks valuation of more than $40bn in employee share sale

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Mapped: Highest and Lowest Doctor Density Around the World

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Mapped: Highest and Lowest Doctor Density Around the World

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This graphic maps and ranks the countries with the highest and lowest doctor density (measured per 10,000 population), according to World Health Organization (WHO) estimates as of 2022.

ℹ️ “Doctors” includes generalists, specialist medical practitioners and other medical doctors not further defined. Depending on the source country, may include only practicing physicians or all registered physicians.

Health worker density in general is an important metric tracked by the UN, as part of its sustainable development goals. A 2016 WHO study found that investing and expanding healthcare workforces improves economic growth.

Ranked: Doctors Per 10,000 Population

European countries, like Belgium, Georgia, and Austria, lead the ranks by the ratio of doctors to resident population. South American countries, represented by Uruguay and Argentina, also make the top 10.

RankCountryDoctors per 10K People (2022) 1🇧🇪 Belgium63.9 2🇬🇪 Georgia56.1 3🇦🇹 Austria55.1 4🇱🇹 Lithuania51.3 5🇧🇬 Bulgaria49.0 6🇺🇾 Uruguay46.3 7🇮🇸 Iceland45.2 8🇨🇻 Cabo Verde44.6 9🇮🇹 Italy42.5 10🇦🇷 Argentina40.8 11🇵🇾 Paraguay38.8 12🇸🇨 Seychelles38.2 13🇮🇱 Israel37.1 14🇳🇿 New Zealand35.7 15🇨🇱 Chile31.7 16🇬🇧 UK31.7 17🇸🇦 Saudi Arabia30.8 18🇧🇧 Barbados29.7 19🇲🇪 Montenegro27.5 20🇨🇷 Costa Rica26.4 21🇨🇦 Canada25.0 22🇩🇴 Dominican Republic22.3 23🇴🇲 Oman20.6 24🇵🇪 Peru16.2 25🇸🇿 Eswatini15.9 26🇸🇻 El Salvador15.5 27🇲🇺 Mauritius12.0 28🇮🇶 Iraq10.1 29🇮🇩 Indonesia6.9 30🇧🇹 Bhutan5.5 31🇳🇦 Namibia5.4 32🇬🇦 Gabon4.8 33🇳🇬 Nigeria3.9 34🇧🇼 Botswana3.8 35🇿🇲 Zambia2.6 36🇦🇴 Angola2.4 37🇲🇷 Mauritania2.4 38🇬🇼 Guinea-Bissau2.1 39🇧🇯 Benin2.0 40🇨🇩 DRC1.9 41🇲🇱 Mali1.9 42🇨🇮 Côte d’Ivoire1.8 43🇱🇷 Liberia1.8 44🇨🇬 Congo1.7 45🇺🇬 Uganda1.7 46🇿🇼 Zimbabwe1.7

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The detours on memory lane

Do you remember where you were when you heard that planes had struck the World Trade Center? That the Challenger shuttle had exploded? Or that Nelson Mandela had been released?

Your memories may be different from mine, but not as different as Fiona Broome’s. I remember watching the live TV footage of Nelson Mandela walking to freedom after 27 years in captivity, while Broome, an author and paranormal researcher, remembers Nelson Mandela dying in prison in the 1980s.

When Broome discovered that she was not the only person to remember an alternative version of events, she started a website about what she dubbed “the Mandela Effect”. On it, she collected shared memories that seemed to contradict the historical record. (The site is no longer online but, never fear, Broome has published a 15-volume anthology of these curious recollections.)

Mandela, of course, did not die in prison. On a recent trip to South Africa, I visited Robben Island, where he and many others were incarcerated in harsh conditions, to speak to former prisoners and former prison guards, and to wander around a city emblazoned with images of the smiling, genial, elderly statesman. How could it be that anyone remembers differently?

The truth is that our memories are less reliable than we tend to think. The cognitive psychologist Ulric Neisser vividly remembered where he was when he heard that the Japanese had launched a surprise attack on Pearl Harbor on December 7 1941. He was listening to a baseball game on the radio when the broadcast was interrupted by the breaking news, and he rushed upstairs to tell his mother. Only later did Neisser realise that his memory, no matter how vivid, must be wrong. There are no radio broadcasts of baseball in December.

On January 28 1986, the Challenger space shuttle exploded shortly after launch; a spectacular and highly memorable tragedy. The morning after, Neisser and his colleague Nicole Harsch asked a group of students to write down an account of how they learnt the news. A few years later, Neisser and Harsch went back to the same people and made the same requests. The memories were complete, vivid and, for a substantial minority of people, completely different from what they had written down a few hours after the event.

What’s stunning about these results is not that we forget. It’s that we remember, clearly,