Bussiness Archives - Livemint News Today https://www.livemintnewstoday.com/category/bussiness/ Latest Business News headlines, LIVE share market news and updates, financial, economic and banking news from across the World Mon, 19 Feb 2024 05:35:03 +0000 en-GB hourly 1 https://wordpress.org/?v=6.4.3 Dubai airport passenger numbers top pre-pandemic levels in 2023 https://www.livemintnewstoday.com/dubai-airport-passenger-numbers-top-pre-pandemic-levels-in-2023/ https://www.livemintnewstoday.com/dubai-airport-passenger-numbers-top-pre-pandemic-levels-in-2023/#respond Mon, 19 Feb 2024 05:35:03 +0000 https://www.livemintnewstoday.com/dubai-airport-passenger-numbers-top-pre-pandemic-levels-in-2023/ DUBAI: Dubai International Airport (DXB), the world’s busiest international hub, registered a 31.7% increase in passenger traffic last year to 86.9 million, surpassing pre-pandemic levels, operator Dubai Airports said on Monday. That compares with 86.4 million passengers flying through the airport in 2019, before COVID-19 grounded the global aviation industry. Air fares will rise as...

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DUBAI: Dubai International Airport (DXB), the world’s busiest international hub, registered a 31.7% increase in passenger traffic last year to 86.9 million, surpassing pre-pandemic levels, operator Dubai Airports said on Monday.

That compares with 86.4 million passengers flying through the airport in 2019, before COVID-19 grounded the global aviation industry.

Air fares will rise as sector aims for sustainability: Dubai Airports CEO

Dubai, the biggest tourism and trade hub in the Middle East, was quick to reopen after the pandemic.

That, along with an influx of Russians and business professionals as well as relaxed social and visa rules, helped fuel an economic recovery that has also seen property prices and rents balloon.

India was DXB’s top destination country in terms of traffic with 11.9 million passengers last year, followed by Saudi Arabia with 6.7 million, Britain with 5.9 million and Pakistan with 4.2 million.

Dubai likely to join the ‘100 million passenger club’ in 2024: report

Dubai Airports said it forecast DXB would receive 88.8 million passengers in 2024, putting the hub within close proximity to its record high of 89.1 million set in 2018.

DXB is connected to 262 destinations across 104 countries through 102 international carriers, the statement said.

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Japan slips to world’s 4th-largest economy, behind US, China, and Germany | World News – Business Standard https://www.livemintnewstoday.com/japan-slips-to-worlds-4th-largest-economy-behind-us-china-and-germany-world-news-business-standard/ https://www.livemintnewstoday.com/japan-slips-to-worlds-4th-largest-economy-behind-us-china-and-germany-world-news-business-standard/#respond Thu, 15 Feb 2024 02:33:18 +0000 https://www.livemintnewstoday.com/japan-slips-to-worlds-4th-largest-economy-behind-us-china-and-germany-world-news-business-standard/ For the latest October-December quarter, the Japanese economy shrank at an annual rate of 0.4 per cent | Photo: Unsplash.com Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. The government reported the economy shrank at an annual rate of 0.4% in...

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For the latest October-December quarter, the Japanese economy shrank at an annual rate of 0.4 per cent | Photo: Unsplash.com


Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany.


The government reported the economy shrank at an annual rate of 0.4% in October to December, according to Cabinet Office data on real GDP, though it grew 1.9% for all of 2023. It contracted 2.9% in July-September. Two straight quarters of contraction are considered an indicator an economy is in a technical recession.


Japan’s economy was the second largest until 2010, when it was overtaken by China’s. Japan’s nominal GDP totalled USD 4.2 trillion last year, while Germany’s was USD 4.4 trillion, or USD 4.5 trillion, depending on the currency conversion.


A weaker Japanese yen was a key factor in the drop to fourth place, since comparisons of nominal GDP are in dollar terms. But Japan’s relative weakness also reflects a decline in its population and lagging productivity and competitiveness, economists say.


Real gross domestic product is a measure of the value of a nation’s products and services. The annual rate measures what would have happened if the quarterly rate lasted a year.


Japan was historically touted as an economic miracle, rising from the ashes of World War II to become the second largest economy after the US . It kept that going through the 1970s and 1980s. But for most of the past 30 years the economy has grown only moderately at times, mainly remaining in the doldrums after the collapse of its financial bubble began in 1990.


Both the Japanese and German economies are powered by strong small and medium-size businesses with solid productivity.


Like Japan in the 1960s-1980s, for most of this century, Germany roared ahead, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half its economy ran on exports.


But its economy, one of the world’s worst performing last year, also contracted in the last quarter, by 0.3%.


An island nation with relatively few foreign residents, its population has been shrinking and aging for years, while Germany’s has grown to nearly 85 million, as immigration helped to make up for a low birth rate.


The latest data reflect the realities of a weakening Japan and will likely result in Japan’s commanding a lesser presence in the world, said Tetsuji Okazaki, professor of economics at the University of Tokyo.


Several years ago, Japan boasted a powerful auto sector, for instance. But with the advent of electric vehicles, even that advantage is shaken, he said. Many factors have yet to play out, But when looking ahead to the next couple of decades, the outlook for Japan is dim.


The gap between developed countries and emerging nations is shrinking, with India likely to overtake Japan in nominal GDP in a few years.


The US remains the world’s largest economy by far, with GDP at USD 27.94 trillion in 2023, while China’s was USD 17.5 trillion. India’s is about USD 3.7 trillion but growing at a sizzling rate of around 7%.


Immigration is one option for solving Japan’s labour shortage problem, but the country has been relatively unaccepting of foreign labour, except for temporary stays, prompting criticism about discrimination and a lack of diversity.


Robotics, another option, are gradually being deployed but not to the extent they can fully make up for the lack of workers.


Another key factor behind Japan’s sluggish growth is stagnating wages that have left households reluctant to spend. At the same time, businesses have been invested heavily in faster growing economies overseas instead of in the aging and shrinking home market.


Private consumption fell for three straight quarters last year and growth is set to remain sluggish this year as the household savings rate has turned negative, Marcel Thieliant of Capital Economics said in a commentary. “Our forecast is that GDP growth will slow from 1.9% in 2023 to around 0.5% this year.

First Published: Feb 15 2024 | 8:03 AM IST

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Central Pattana Tops DJSI World Ranking 2023 in Real Estate https://www.livemintnewstoday.com/central-pattana-tops-djsi-world-ranking-2023-in-real-estate/ https://www.livemintnewstoday.com/central-pattana-tops-djsi-world-ranking-2023-in-real-estate/#respond Wed, 14 Feb 2024 04:50:00 +0000 https://www.livemintnewstoday.com/central-pattana-tops-djsi-world-ranking-2023-in-real-estate/ BANGKOK, Feb. 14, 2024 /PRNewswire/ — Central Pattana plc, Thailand’s leading real estate developer, has achieved a noteworthy sustainability milestone by securing the top position on the Dow Jones Sustainability Indices-World Index (DJSI World) for 2023, attaining the highest score, or the Top 1% S&P Global CSA Score in the Real Estate Management & Development...

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BANGKOK, Feb. 14, 2024 /PRNewswire/ — Central Pattana plc, Thailand’s leading real estate developer, has achieved a noteworthy sustainability milestone by securing the top position on the Dow Jones Sustainability Indices-World Index (DJSI World) for 2023, attaining the highest score, or the Top 1% S&P Global CSA Score in the Real Estate Management & Development category among 299 companies globally in the sector, according to the Sustainability Yearbook 2024.


Central Pattana Tops DJSI World Ranking 2023 in Real Estate

Listed on the Stock Exchange of Thailand with a market cap of 289 billion baht, Central Pattana has been selected for the 6th consecutive years on DJSI World, 10th consecutive year on DJSI Emerging Markets, and the 6th consecutive years on S&P Global Sustainability Yearbook. This recognition demonstrates its global leadership in constantly driving sustainable development.

Ms. Wallaya Chirathivat, President & CEO of Central Pattana plc, expressed that securing the top spot among 299 global companies in the sector is a confirmation of the company’s business practices in line with its vision of ‘Imagining better futures for all.’ This achievement underscores the company’s global standing and vision, emphasizing a robust business model known as ‘The Ecosystem for All,’ coupled with its role as a Place Maker for a Sustainable Future.

“We recognize our sustainability milestones as a result of the dedicated efforts of colleagues and collaborative partnerships with tenants, partners, and suppliers. We appreciate the shared endeavors that enhance our ESG performance. Committed to innovation, we look forward to shaping vibrant and sustainable communities through close collaboration with stakeholders. Under our brand purpose ‘Imagining better futures for all’ to build a strong and sustainable ecosystem with a role of the ‘Place Maker’ who creates space of the future and pioneer cities and developments all over the countries with a mission to take care of both the quality of life of the ‘people’, including communities, and the ‘planet’, to become Thailand’s first mixed-use developer to reach a net zero goal by 2050,” Ms. Wallaya said.

DJSI select ‘global, sustainable stocks’ and lists the securities indices of world-leading companies that are outstanding in their business operations and focus mainly on sustainability. The sustainability assessment is conducted and ranked annually by S&P Global based on economic, social and environmental indicators following sustainable business development guidelines.

Institutional investors worldwide recognize and use this information for investment purposes.

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The Best Business Class Lounges in the World https://www.livemintnewstoday.com/the-best-business-class-lounges-in-the-world/ https://www.livemintnewstoday.com/the-best-business-class-lounges-in-the-world/#respond Wed, 14 Feb 2024 01:27:47 +0000 https://www.livemintnewstoday.com/the-best-business-class-lounges-in-the-world/ Lavish airport lounges are a quintessential part of the business class experience. If you have the privilege of flying in business class, you may also be able to enjoy a business class lounge experience. And with airlines continuing to invest in business class, you may also experience newly renovated business class lounges with enhanced food...

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Lavish airport lounges are a quintessential part of the business class experience. If you have the privilege of flying in business class, you may also be able to enjoy a business class lounge experience.

And with airlines continuing to invest in business class, you may also experience newly renovated business class lounges with enhanced food and amenities.

In fact, the quality of an airline’s business class lounge has often been considered a reflection of the airline as a whole. And while most airlines maintain their flagship business class lounges at their hub airports, it’s also possible to find incredible business class lounges at outstations far from HQ.

So, in this guide, we’ll show you the best business class lounges in the world — let’s get into it!

What Makes a Great Business Class Airport Lounge?

The purpose of an airport lounge is to provide an exclusive and private space away from the main terminal where passengers can savor a meal, imbibe a cocktail, get some shut-eye, freshen up with a shower, or do work in peace.

Characteristics of a fantastic business class airport lounge can include the following:

  • Ample, uncrowded space
  • Excellent amenities like shower suites, nap areas, and comfortable seats
  • Thoughtful food and beverage selections, including à la carte dining
  • Notable facilities like a spa, game room, or cocktail bar
  • Intimate ambience

If you can find a business class lounge that checks all of these boxes, you’re in for a treat.

Without further ado, let’s get into the best business class lounges in the world!

The 16 Best Business Class Lounges in the World

We dug through all of the major business class lounges globally, compared the pros and cons of each, and aggregated them into a decisive list for you.

Many of these options won’t be surprising, but you might find a handful of business class lounges you didn’t expect to find!

1. Qatar Airways Al Mourjan Business Lounge at Hamad International Airport (DOH) in Doha

Qatar Airways Al Mourjan Lounge. Image Credit: Greg Stone

Location: Level 3
Opening Hours: 24/7

Our favorite business class lounge in the world is Qatar Airways’ famous Al Mourjan Lounge, an absolute architectural marvel.

In Doha’s Hamad International Airport (DOH), this 2.5-acre lounge is a cavernous space reminiscent of a museum, thanks to its huge ceilings and expansive footprint.

The lounge has plenty of seating, including lounge chairs, private pods, dining tables and chairs, booth seating, and private alcoves with sofas and recliners, and it can accommodate hundreds of travelers.

There are 2 areas for dining — a buffet restaurant with a cocktail bar serving premium beverages and an à la carte section serving light bites and sandwiches.

The buffet restaurant serves a variety of different cuisines and has beautiful, soaring ceilings. The main buffet area includes sushi (except at breakfast), Middle Eastern and Indian cuisine, Western foods like pasta, artisanal desserts, and fantastic refreshments, including Laurent-Perrier Cuvée Rosé Champagne!

The lounge has shower suites and quiet rooms suitable for quick naps. Also, Al Mourjan Lounge has a fantastic set of facilities for families, including family rooms with games like foosball and video game consoles, as well as nursing and changing rooms.

There are plenty of power outlets, lighting schemes, magazine racks, a complete business center with 4 desktop workstations, office chairs, cubicles, and a meeting room.

Hot Tip: Want to see more of this resort-like lounge? Read our detailed tour of Al Mourjan Business Lounge at DOH, which includes plenty of photos! You can also see our tips for the best ways to book Qatar Airways QSuites with points and miles.

2. Emirates Business Class Lounge at Dubai International Airport (DXB)

Emirates business class lounge
Enjoy a great meal at the Emirates Business Class Lounge! Image Credit: Emirates

Location: Terminal 3, Concourse B (inside security)
Opening Hours: 24/7

Emirates is world-famous for its lavish first and business class seats; similarly, its lounges worldwide are exceptional. They’re even more luxurious at its hub airport in Dubai.

Before you even get to the lounge, Emirates has an exceptional business class ground experience, including a dedicated airport entrance, check-in lines, security checkpoints, and more.

But once you arrive at the lounge, you’ll be blown away by the incredible amenities available. Indeed, its list of amenities is so expansive that it’s difficult to describe everything — but we’ll give it our best shot!

Starting with the seating areas, you’ll find lounge chairs, armchairs, dining chairs, tables, and chaise longues to relax in.

The lounge is above the main concourse, which means open-air spaces, high ceilings, and excellent people-watching.

The massive buffet has a wide variety of hot foods, including an Asian section, a Mediterranean area, a dessert bar, a Moët & Chandon Champagne lounge with small bites like pomegranate macarons, a Costa Coffee bar, and a series of self-serve drinks, ranging from liquor to fine wines to VOSS water and even Häagen-Dazs ice cream.

One of the hallmarks of this lounge is that there are 2 cigar bars.

Of course, there are shower suites, lots of restrooms, a spa (not free), literature aisles, televisions, fast and free Wi-Fi, and an abundance of power outlets.

The lounge has a huge play area with video game consoles, arcade games, and plenty of activities to keep the children occupied.

You’ll also find a few business centers with cubicles, workspaces, and desktop computers in the same vicinity. There are also more leather armchairs with ottomans and blankets.

Lastly, direct boarding is available for select flights, so you can seamlessly walk directly onto your plane from the business class lounge.

3. Turkish Airlines Business Lounge at Istanbul Airport (IST)

Turkish Airlines Business Lounge Live Cooking Station 2
Live cooking station at Turkish Airlines Business Lounge at IST. Image Credit: Greg Stone

Location: International Terminal, up the escalator, opposite gate E1
Opening Hours: 24/7

One of our absolute favorite business class lounges in the entire world is the Turkish Airlines Business Lounge at IST. Eclipsing the old business class lounge at the former Atatürk airport, this new business class lounge is a huge, open-air space across 2 floors.

The Turkish Airlines ascends above the main terminal and showcases functional design elements compared to the ostentatious old lounge. One of the first things you find is a beautiful grand piano, an open stage space with a giant projector screen, and lots of comfortable seating.

Immediately near the entrance, there’s a large niche with plenty of storage lockers, Wi-Fi kiosks to get access codes, a cluster of plush, white leather chairs, a business center with PC and Mac desktop computers, a printer, and shared workspaces. There’s also an area with 12 televisions and more lounge chairs.

Other spaces include wooden dining chairs and tables, sunken armchairs, and an open-air kitchen reminiscent of a log cabin.

You’ll want to make your way to the food and drink area immediately because Turkish Airlines is world-famous for its spectacular food. This lounge has self-serve buffets, live cooking stations, and open kitchens.

Starting in the self-serve area, there’s a gigantic salad spread, soups, Asian entrees, and a drool-inducing showcase of Turkish desserts.

There are also grills where you can order meat and side dishes, a self-serve drink section, staffed coffee and tea stations with Gaggia espresso machines, and much more.

A highlight of this lounge is the beautiful, marble-clad bathrooms and shower rooms with luxury amenities.

Astonishingly, you’ll also find around 15 private suites, each with a twin bed with plush bedding, a wall-mounted TV, a desk, a chair, and individually controlled air conditioning!

This lounge also has lots of daybeds separated by curtains, private conference rooms, a dark room, a golf simulator, a video game room, a playroom for kids, ironing services, a library, and more.

Hot Tip: Check out our in-depth review and photos of the amazing Turkish Airlines Business Lounge at IST!

4. Air Canada Signature Suite at Toronto Pearson International Airport (YYZ)

Air Canada Signature Suite at YYZ
Air Canada Signature Suite at YYZ. Image Credit: Air Canada

Location: International Departures, on the upper level next to gate E77
Opening Hours: Daily from 6:30 a.m. to 11 p.m.

Air Canada’s flagship ground experience is at the Signature Suite, which only exists at 2 airports, Toronto (YYZ) and Vancouver (YVR). The Toronto location premiered before the Vancouver one, but this location is still considered to be the better despite being slightly older.

If you’re connecting from a domestic Canadian flight, you’re picked up in a BMW from your arrival gate and whisked to the Signature Suite.

It only gets more fun from there because this lounge is one of the most exclusive lounges in the entire world, starting off with having your luggage stored away by a porter.

Most of the lounge is filled with upscale fine dining chairs, booths, and dining tables. Even though this lounge is on the smaller side, you rarely see it at more than half capacity because of the strict access rules.

There’s a small buffet, but you’ll want to save your stomach for the à la carte service, which offers favorites like beef tenderloin with matchstick potatoes, harissa-marinated lingcod, Moroccan braised lamb shank, and vegetarian dishes.

The Signature Suite’s cocktail bar is equally impressive. It stocks top-shelf drinks like Moët & Chandon rosé, brut Champagnes, and artisanal mixed drinks. Nonalcoholic drinks include freshly crafted Lavazza espresso drinks and tea by Sloan.

Elsewhere in the lounge are a VIP private room and a relaxation area with couches, recliners, square armchairs, and more. There aren’t any family rooms, spas, or nap rooms — the lounge was designed to be more of a fine-dining, privacy-first experience instead of a gigantic space with many amenities.

There are tons of power adapters and USB outlets everywhere. Each of the 6 toilets is spotless and stocked with Molton Brown lotion and hand soap.

The only complaint with this lounge is that there aren’t any plane-spotting views or showers (you have to visit the nearby Maple Leaf Lounge for a shower).

Nonetheless, the Signature Suite offers an impeccable food and beverage experience on par with some first class lounges.

5. Air France Business Lounge at Paris Charles de Gaulle Airport (CDG)

Air France Lounge CDG 2E
Air France lounge at Charles de Gaulle Airport. Image Credit: Nick Ellis

Location: Hall L of Terminal 2E
Opening Hours: Daily from 5:30 a.m. to 11:30 p.m.

The Air France Business Lounge at CDG is impressive, with phenomenal amenities spanning over 34,000 square feet. However, this lounge is only available to those flying outside the Schengen area.

The main relaxation space, by a French interior designer, has a white marble bar as its centerpiece, with blue velvet seats surrounding it. The entire area is capped with a gold-paneled ceiling.

The food and beverage area starts with a 1,700-square-foot bar, Le Balcon, where the head bartender of the Hotel Lancaster in Paris serves cocktails from 7 p.m. to 9 p.m.

The highlight of the food and beverage area is the Gourmet Table, where a chef prepares the day’s dishes fresh. It’s not a full à la carte menu, but the buffet should help satisfy any other cravings you might have.

This lounge also has a 6,000-square-foot wellness area with chaise longues, minisuites with chaise longues set apart from the rest of the lounge with curtains, a detox bar serving Palais des Thés teas and Evian infusions, 2 private saunas, boudoir shower suites, and complimentary, 20-minute facial treatments from the Clarins spa.

The kids room also has video game consoles, among other games. Other amenities include complimentary newspaper racks, free Wi-Fi, and more.

6. Qantas Lounge at London Heathrow Airport (LHR)

Qantas Lounge at LHR
Qantas Lounge at LHR. Image Credit: Qantas

Location: Terminal 3, near gates 1 through 11
Opening Hours: Daily from 8 a.m. to 8:30 p.m.

The Qantas Lounge at LHR is truly a special space. Why? Despite being a business class lounge, it’s an exclusive enclave of luxury, bliss, and privacy.

Upon entering the lounge, you’ll find 2 floors — a downstairs floor with a bar and restaurant and an upstairs floor with the remaining seating areas and amenities.

The lounge is filled with bright, eccentric pieces of furniture, including orange, tufted couches, velvet armchairs with diamond stitching resembling the inside of a supercar, dining tables and chairs, and numerous other semi-private booth seating with tall privacy partitions.

This lounge has a proper restaurant with à la carte dining, showcasing favorites like salt-and-pepper squid and eggs Benedict. On the same floor, there’s a gin bar mixing some of the most creative cocktails out there.

Upstairs is the hot buffet area with all the classic breakfast goodies, such as sausage, scrambled eggs, and more. There might be dishes such as stew, rice, soup, bread, salad, fresh fruit, cakes, and more during lunch. But you’d do well to stick to the downstairs restaurant.

The circular marble bar is yet another cocktail bar, plus it’s where you can get barista-made espresso and soft drinks.

The shower suites resemble those in a 5-star hotel, complete with a private toilet, floating marble vanities, ASPAR products, a walk-in shower with a rainfall shower head and shower wand, and all the other amenities needed to freshen up.

Other amenities include a kids playroom, a separate quiet room with plush armchairs, great runway views, and more.

7. The Pier, Business Class Lounge, at Hong Kong International Airport (HKG)

The Pier, Business at Hong Kong International Airport noodle bar open-air kitchen
The noodle bar’s open-air kitchen at The Pier, Business Class Lounge at HKG. Image Credit: Stephen Au

Location: Terminal 1, sixth level, near gate 65
Opening Hours: Daily from 5:30 a.m. to 12:30 a.m.

The Pier Business Class Lounge is among the many airport lounges Cathay Pacific operates within its Hong Kong hub. This sprawling space is under the main terminal and accessible via an escalator or elevator.

This lounge happens to be the largest airport lounge in HKG and boasts minimalist wooden decor with an abundance of recessed lighting and maximum intimacy.

Split into 2 areas, this lounge has a main area and a wellness area. The main area houses a food hall, a cocktail bar, a noodle bar, a teahouse, shower suites, and a quiet room.

The wellness area consists mostly of The Sanctuary by Pure Yoga, a 700-square-foot space with yoga, seated stretching, meditative audio, and gazing activities. This area offers instructional posters and videos to help you destress and relax. Several yoga mats are laid out in front of the TV. There are 4 pods with noise-canceling headphones and iPads for guided meditation sessions.

Moving deeper into the lounge are the luggage storage and restrooms, as well as the 4 main food areas, of which the Noodle Bar is the flagship. The Noodle Bar has dining booths, tables, and various other seating. It serves favorites like dan dan noodles, wonton noodles in soup, and popular dim sum favorites like steamed chicken bao.

There’s also a teahouse serving JING tea, classic candies, and pastries, as well as self-serve beverages like soda and beer.

The food hall has an international buffet with dishes including dumplings, meatballs, pasta, pizza, pastries, meats and cheeses, fresh fruit, and more. There’s a barista-managed espresso cart here that looks like an old-fashioned rickshaw.

Lastly, the bar is where you can get craft cocktails, bar snacks, soft drinks, juices, bottled water, espresso, and more.

Some of the other amenities here are the 14 shower suites, each stocked with Aēsop amenities, a relaxation room with daybeds, the business center with printers and desktop computers, luggage storage lockers, and clean restrooms.

There’s simply no shortage of amenities here!

Hot Tip: Have you ever had a long layover and needed to kill time in the most luxurious way possible? Our writer did just that, visiting 7 lounges at HKG across a 9-hour layover

8. ANA Business Lounge at Tokyo Haneda International Airport (HND)

ANA Business Lounge at HND
ANA Business Lounge at HND. Image Credit: ANA

Location: Terminal 3, near gate 110
Opening Hours: Daily from 5 a.m. until the last departure

The ANA Business Lounge at HND is one of the newest lounges in Tokyo’s Haneda airport. And while there are 2 ANA international business class lounges, the better one is near gate 110 (the other business lounge is near gate 114).

To access this lounge, follow the ANA Lounge signs, ascend an escalator to the fourth floor, and turn left for the ANA Lounge (right is for the ANA Suite Lounge). It’s important to note that this lounge has been expanded with a new seating capacity of 900 travelers, which quashes any previous concerns about overcrowding!

The ANA Business Lounge at HND is gigantic, elegantly designed, and flanked by a long corridor after the entrance. You’re welcomed by an open, rectangular room with tables, rows of chairs reminiscent of a diner, and a long bar adjacent to the windows with leather armchairs throughout.

The main dining area has a buffet with salad, finger sandwiches, sushi, bread, fruit, pastries, curries, scrambled eggs, dumplings, and a noodle bar. A kitchen and bar serve lots of fresh dishes.

The noodle bar serves variants of soba, udon, and ramen noodles. The drink selection includes a self-serve espresso machine, 2 Asahi beer dispensers, a soda machine, a brewed coffee machine, self-serve liquor and alcohol, and other soft drinks.

There’s another buffet nearby with the same food selection but without a noodle bar.

This lounge has shower suites, and the water pressure, design, and amenities are excellent. You’ll find a luxurious walk-in shower, a private toilet, a full vanity, complimentary amenities, excellent water pressure, Dyson hair dryers, and more. The showers are apparently quite in demand, though, and when you ask to reserve a shower slot, you’ll be handed a buzzer to let you know when it’s your time.

This lounge also has a kids playroom and a smoking room in the rear corner.

9. Star Alliance Business Class Lounge at Los Angeles International Airport (LAX)

Star Alliance Business Class Lounge at LAX
Star Alliance Business Class Lounge at LAX. Image Credit: Star Alliance

Location: Tom Bradley International Terminal, sixth floor, near the central atrium
Opening Hours: Daily from 7 a.m. to 1 a.m.

The Star Alliance Business Class Lounge at LAX is one of the best lounges at LAX and definitively among the best business class lounges in the world. In fact, this lounge is an excellent reason to head to LAX early.

With over 18,000 square feet of space and a capacity for 400 guests, the Star Alliance Business Class Lounge at LAX offers an expansive area with many relaxing zones.

This lounge also boasts some of the best views of Tom Bradley International Terminal, overlooking the entire atrium from the cantilevered mezzanine terrace.

The food and beverages (including a wine wall) are plentiful but, more importantly, delicious. Common food choices include sandwiches, salads, crudités, bread, chips, crackers, chicken curry, rice pilaf, squash soup, beef stew, sundried tomato macaroni and cheese, fresh juices, fresh fruit, instant noodles and more.

There’s also a DIY noodle station and 2 cocktail bars. If you’re looking for more simple beverages, the main buffet has self-serve Champagne, fresh juice, espresso machines, tea, soda, and filtered water.

In the back of this lounge are 8 shower suites stocked with plenty of amenities and Soaptopia products. The staff will give you a buzzer to let you know when a shower’s free, but you might be able to snag a shower suite immediately if it’s not crowded.

The crown jewel of this lounge is the open-air patio and terrace, with comfortable lounge chairs, gaslit fireplaces, a self-serve cocktail bar, and incredible views of the runway.

Other amenities include a quiet room, a TV room, and a library room.

10. Oman Air Business Class Lounge at Muscat International Airport (MCT) in Oman

Oman Air First & Business Lounge Muscat Buffet Seating
Buffet seating at the Oman Air First & Business Lounge at MCT. Image Credit: Cherag Dubash

Location: Terminal 1 (inside security), above Muscat Duty Free
Opening Hours: 24/7

Oman Air’s flagship business class lounge houses both the first class and business class lounge, but the first class section is separate from the business class section. Slightly bigger than the first class section, the business class section also has a cocktail bar, where all alcohol is served.

This lounge primarily consists of armchair seats, high-top counter seats, and dining tables and chairs.

There are 2 dining areas, each with a self-serve buffet, an open-air kitchen, and a selection of hot foods. However, the most impressive treat is the mountain of dates. You’ll also find a cheese selection, cold cuts, cookies, pastries, bread, cereal, and more.

Sorry, business class passengers, à la carte dining is for first class passengers only.

The lounge has 2 types of Nespresso machines, self-serve juice, water, soft drinks, and more.

A couple of the major highlights are the Chedi spa and the shower suites, designed to resemble something inside a 5-star spa hotel instead of an airport lounge.

There are a few chaise longues in the relaxation area, each surrounded by curtains. There are also 4 proper nap rooms with fully flat divans and tables.

Plus, there are 2 private movie rooms with velvet chairs and ottomans facing a wall-mounted television. To keep the children busy, check out the kids play area or reserve a private family room.

To round out the amenities, there’s a smoking lounge, prayer rooms, nursing rooms, luggage storage rooms, and a business center.

Hot Tip: Our detailed review of the Oman Air First & Business Class Lounge in MCT examines the seating, dining, and relaxation options.

11. The Wing, Business Class Lounge, at Hong Kong International Airport (HKG)

The Wing, Business at Hong Kong International Airport noodle bar seating 2
Noodle bar seating at The Wing, Business Class Lounge at HKG. Image Credit: Stephen Au

Location: Terminal 1, sixth level, near gates 1 through 4
Opening Hours: Daily from 5:30 a.m. until the last departure

The Wing, Business Class Lounge, is one of the major business class lounges operated by Cathay Pacific in Hong Kong International Airport.

Whereas The Pier is near gate 65 at one end of the terminal, The Wing is on the other side, near gates 1 through 4.

And while you might think that The Pier and The Wing are similar, they represent totally different vibes and ambiance.

The Pier is designed to be intimate, quiet, and minimalist, while The Wing is open-air and designed to be spacious and showy.

The Wing showcases marble throughout the lounge, and the seating options are eye-catching, ranging from bright brown lounge chairs to quirky seat designs.

There are 4 dining options here:

  • Noodle Bar
  • Long Bar
  • Main Lobby
  • Coffee Loft

The most trafficked area here is the Noodle Bar, and it’s easy to see why, thanks to the open-air kitchen whipping up dim sum and fresh bowls of noodles. The Noodle Bar also has multiple hot buffet dishes, including fried noodles and spiced chicken.

The Long Bar is a ridiculously long cocktail bar serving various mixed beverages, snacks, pastries, and canapés.

The Main Lobby has self-serve espresso machines, freshly squeezed fruit juice, other soft drinks, salad, fruit, finger sandwiches, Western hot foods like pasta and meatballs, and more.

The Coffee Loft serves finger foods and, more importantly, freshly brewed coffee and espressos from a barista.

As far as other amenities go, though The Wing doesn’t have shower cabanas like The Wing, First Class Lounge does, it does have a whopping 23 private shower suites. Each shower suite has a walk-in shower, Jurlique products, a backlit vanity, a private toilet, and other shower amenities.

You’ll also find a huge literature rack with various newspapers and magazines. There’s also a tech zone along the far side of the lounge featuring complete workstations with printers.

Hot Tip: If you’d like a lounge with even more luxury offerings, check out the best first class lounges in the world.

12. United Polaris Lounge at San Francisco International Airport (SFO)

United Polaris Lounge at SFO
United Polaris Lounge at SFO. Image Credit: United Airlines

Location: International Terminal G, third level, near gate G1
Opening Hours: Daily from 5 a.m. to 11 p.m.

The United Polaris Lounge at SFO is arguably the best Polaris Lounge of all the locations. And while the United Polaris seat is exceptional, the United Polaris Lounge puts many first class lounges to shame. That’s how good these lounges are.

In particular, the United Polaris Lounge at SFO measures over 28,000 square feet, taking the title of the largest Polaris Lounge in the world. If you’re flying in business or first class on a long-haul Star Alliance flight, you’ll probably want to stake out a spot here.

The United Polaris Lounge at SFO has 2 floors, with the upper floor considerably larger than the lower floor.

On the lower floor is a single seating area with armchairs, semi-private cubicles, and 8 shower suites. Every shower suite has a private toilet, a walk-in rainfall shower with fantastic water pressure, Saks Fifth Avenue towels, and Sunday Riley bath amenities. There’s also a marble vanity, a backlit mirror, and a marble bench.

There are also 5 rest areas with chaise longues, a Saks Fifth Avenue blanket, and water bottles.

That rounds out the amenities on the lower floor — the upper floor is where everything else is. First, the planespotting would make even the pickiest aviation geeks proud.

Then, you’ll see a much larger space with dining chairs, booth seating, dining tables, semi-private cubicles, and more.

But the highlight here is the dining room serving restaurant-quality à la carte items, ranging from appetizers to main courses like burgers, Chinese congee, and chicken katsu. And there’s an enormous cocktail menu. Oh, and a barista will make custom espresso drinks for you.

There’s also a buffet of sushi, salad, fresh fruit, some hot items, and hors d’oeuvres like mahi-mahi.

The Wi-Fi is blazingly fast, and there are power outlets everywhere.

13. HNA Club at Beijing Capital International Airport (PEK)

Hainan Airlines Business Class Lounge at PEK
Hainan Airlines Business Class Lounge at PEK. Image Credit: Hainan Airlines

Location: Terminal 2, International (inside security), near gate 12
Opening Hours: Daily from first departure to last departure

The brand-new HNA (short for Hainan Airlines) Club measures nearly 8,000 square feet, can hold up to 148 guests, and has a vast range of facilities.

Immediately after checking into the lounge, you can use the convenient storage room. Then, proceed down the main hall to get to the main section of the lounge.

The first person you’ll see on the right after entering the main lounge area is a lounge attendant at the cocktail bar, serving cocktails, Champagne, liquor, juice, wine, and other beverages.

Immediately next to this area are the salad bar and snack bar. But the place your stomach will be most excited about is behind the bar at the sit-down hot food area, which serves Chinese dishes that’ll make you salivate. These include wok-fried chicken, braised pork ribs, shrimp, and stewed duck, all served buffet-style.

In addition, there’s a self-service kiosk where you can order freshly made dishes such as traditional beef noodle soup, tomato egg noodles, and beef burgers.

Be sure to check out the Hai tea area, where you can participate in a traditional tea ceremony.

Once you’ve gotten a bite to eat, you can find a comfortable, relaxing arrangement, whether the wave chairs (similar to chaise longues) offering tarmac views or one of 3 private day rooms with massage chairs.

Other amenities include a Nespresso coffee bar, a business center with 3 workstations, desktop computers, semi-private cubicles, private shower suites with luxury bath products, and video rooms.

14. SWISS Business Lounge at Zurich International Airport (ZRH)

SWISS Business Lounge at ZRH
SWISS Business Lounge at ZRH. Image Credit: SWISS

Location: Terminal E, third floor, near gate E36
Opening Hours: Daily from 6 p.m. to 11 p.m.

The SWISS Business Lounge at ZRH is affectionately considered one of the best business class lounges in Europe, thanks to its intimate size, amenities, and more.

Zurich Airport isn’t a bustling space, so having this lounge available can add a little excitement to your journey. This approximately 13,000-square-foot lounge has a capacity for 200 guests.

Upon entry, the first thing you see is a huge bookcase filled with stacks of newspapers and magazines. As you move along, you’ll notice the sleek, wooden design elements, the clean, geometric architecture, and the natural light from the floor-to-ceiling windows.

The lounge contains a varied selection of food and beverages at a buffet, including salads, fruits, fresh fruit, and bread. There’s also an open-air kitchen paired with a made-to-order menu of pasta, braised meats, and soups. For drinks, you can help yourself to bottles of top-shelf liquor, sample different bottles of wine, or use the coffee island.

There are immaculate shower suites with private toilets, a vanity, various toiletries, and a backlit mirror.

This lounge has several relaxation pods with chaise lounges where you can catch a quick nap. The highlight is the long outdoor balcony/terrace overlooking the runway. Be sure to ask for a pair of Leica binoculars to aid your plane spotting!

Other solid amenities include a business center, a work area with cubicles, and convenient access to departure gates.

Hot Tip: If you are flying SWISS first class, Lufthansa first class, or are a HON Circle member, you can access the SWISS Air First Class Lounge, also in Terminal E at Zurich Airport.

15. Virgin Atlantic Clubhouse at London Heathrow Airport (LHR)

Virgin Atlantic Clubhouse at LHR
Virgin Atlantic Clubhouse at LHR. Image Credit: Virgin Atlantic

Location: Terminal 3, Upper Class Wing
Opening Hours: Daily from 6:30 a.m. to 10:30 p.m. or last departure

The Virgin Atlantic Clubhouse at LHR is a sleek escape from the chaos of Heathrow Airport. Once you get in, you’re greeted by plenty of natural light, high ceilings, and impressive facilities.

First, the Upper Class Wing has a dedicated security checkpoint. After that, you walk through the duty-free shops before entering the H Pier lounge.

A magazine and newspaper selection are at the entrance, followed by the main lounge. The cocktail bar is the most impressive element in this lounge, and it’s often staffed with 4 or 5 bartenders at a time.

The seating types are varied and unique, ranging from circular bubble seats to couches and high-top chairs at the bar counter.

The Brasserie has a buffet with fresh bread, pastries, cereal, cold cuts, and more. However, the best part is the à la carte menu, which serves classic English breakfasts, eggs Benedict, fried squid, baked chicken wings, and so on. You can also order mixed cocktails here.

The spa offers both complimentary and paid treatments. Complimentary spa treatments include beard trims, 15-minute Express Radiant You facials, ladies’ fringe trims or creative dry styles, head massages, and more. The spa also houses a hot tub, shower suites with private toilets, great amenities, and a backlit mirror and vanity.

This lounge has The Playground, a kids playroom; The Cinema, where you have relaxed lounge seats and divans facing a huge TV; The Den, which has a business center; The Sky Lounge, a loft with natural light and seating options; The Garden, an outdoor terrace with seating and tarmac views; and a game area with a billiards table and arcade games.

16. Qantas International Business Lounge at Brisbane International Airport (BNE) in Australia

Qantas International Business Lounge at BNE
Qantas International Business Lounge at BNE. Image Credit: Qantas

Location: Levels 3 and 4 (inside security), near gate 80
Opening Hours: Daily from 5:30 a.m. to 12 a.m.

The Qantas International Business Lounge at BNE is the best Qantas business class lounge in Australia. While you might think Sydney or Melbourne would have a flagship lounge, the lounges there are dated and old compared to the comparatively fresh Brisbane lounge.

Initially built in 2016, this lounge was expanded again in 2019 and is now spread over 3 stories. The attractive, Queensland-inspired space is filled with natural light and boasts a buffet, full bar, and beautiful seating on the first floor. On this floor, baristas curate custom coffee drinks.

The second floor has most of the facilities, with another barista coffee station, a cocktail bar, a full buffet, and shower suites. The shower suites are adorned with luxury ASPAR amenities, a walk-in rainfall shower, a private toilet, and a full vanity.

But the third floor is absolutely a must because, until 11 a.m. daily, you can enjoy freshly prepared breakfast medleys at the Brisbane Breakfast Hatch, including eggs Benedict or a healthy breakfast bowl.

This lounge also has power outlets and USB charging ports. Lastly, the Wi-Fi is very fast, with an average download and upload speed of around 100 Mbps.

Final Thoughts

When it comes to business class lounges, you have a lot of choices around the world. So, if you’re planning on booking business class travel, why not enjoy an exceptional lounge experience to go with it?

Most of the world’s best business class lounges are operated by famous brands in commercial aviation, such as Emirates, Cathay Pacific, Qantas, and ANA. However, you might be surprised to learn that airlines like Hainan Airlines and United Airlines also have some of the world’s best business class lounges!

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Leading stock exchange operators by market cap 2023 | Statista https://www.livemintnewstoday.com/leading-stock-exchange-operators-by-market-cap-2023-statista/ https://www.livemintnewstoday.com/leading-stock-exchange-operators-by-market-cap-2023-statista/#respond Tue, 13 Feb 2024 08:00:00 +0000 https://www.livemintnewstoday.com/leading-stock-exchange-operators-by-market-cap-2023-statista/ The New York Stock Exchange (NYSE) is the largest stock exchange in the world, with an equity market capitalization of over 25 trillion U.S. dollars as of December 2023. The following three exchanges were the NASDAQ, the Euronext, and the Shanghai Stock Exchange.  What is a stock exchange? A stock exchange is a marketplace where...

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The New York Stock Exchange (NYSE) is the largest stock exchange in the world, with an equity market capitalization of over 25 trillion U.S. dollars as of December 2023. The following three exchanges were the NASDAQ, the Euronext, and the Shanghai Stock Exchange. 

What is a stock exchange?

A stock exchange is a marketplace where stockbrokers, traders, buyers, and sellers can trade in equities products. The largest exchanges have thousands of listed companies. These companies sell shares of their business, giving the general public the opportunity to invest in them. The oldest stock exchange worldwide is the Frankfurt Stock Exchange, founded in the late sixteenth century. 

Other functions of a stock exchange

Since these are publicly traded companies, every firm listed on a stock exchange has had an initial public offering (IPO). The largest IPOs can raise billions of dollars in equity for the firm involved. Related to stock exchanges are derivatives exchanges, where stock options, futures contracts, and other derivatives can be traded.

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Wharton regains status as best business school for MBAs, according to FT ranking https://www.livemintnewstoday.com/wharton-regains-status-as-best-business-school-for-mbas-according-to-ft-ranking/ https://www.livemintnewstoday.com/wharton-regains-status-as-best-business-school-for-mbas-according-to-ft-ranking/#respond Sun, 11 Feb 2024 18:00:36 +0000 https://www.livemintnewstoday.com/wharton-regains-status-as-best-business-school-for-mbas-according-to-ft-ranking/ Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wharton has regained its position as the world’s leading provider of MBAs in 2024, according to the latest FT ranking of the top 100 global business schools. The US business school, part of the University...

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Unlock the Editor’s Digest for free

Wharton has regained its position as the world’s leading provider of MBAs in 2024, according to the latest FT ranking of the top 100 global business schools.

The US business school, part of the University of Pennsylvania, topped the assessment, which takes into account measures including value for money, alumni study aims achieved, gender and international diversity, the quality of academic research and school environmental policies, as well as salary and increases in pay. Schools’ participation is voluntary.

Wharton was followed by Insead in France, in second place, then Columbia in New York, SDA Bocconi in Milan and Iese in Barcelona.

MBA alumni are finding times tougher after graduation. In line with recent job cutbacks, including in banking and technology at a time of broader uncertainty in the global economy, graduate employment within three months of MBA completion across the ranked schools dipped to an average of 89 per cent, compared with 93 per cent the previous year.

The ranking also follows a year in which demand for business degrees has stagnated. The latest survey by the Graduate Management Admission Council in 2023 shows a drop of 5 per cent in applications for MBAs and a shift away from the full-time, in-person course and towards more flexible, part-time and online alternatives.

Global MBA Ranking 2024

Read the ranking and report, plus how we compiled our league table. Spotlight on the MBA webinar, February 21: businesseducation.live.ft.com.

The Wharton School, led by Dean Erika James, is ranked top in the research category, measured by recent faculty publications in leading academic and practitioner journals, followed by the University of Chicago: Booth, Harvard Business School and Columbia Business School.

Wharton’s alumni reported the third-highest average weighted salaries at $245,772, adjusted for those working in different sectors and for international purchasing power parity, three years after completing their courses. Stanford alumni had the highest weighted income, at $250,650, with Harvard graduates just behind at $246,509, while those from Columbia averaged $232,760.

Just four of the top 20 business schools ranked by highest weighted alumni salaries were from outside the US, led by Insead, south of Paris. The others were Milan’s SDA Bocconi, Shanghai University of Finance and Economics and the Indian Institute of Management Ahmedabad.

Erika James, dean of the Wharton School
Erika James, dean of the top-ranked Wharton School

Stanford, in California, was ranked top for alumni assessments of aims achieved on their MBA, followed by Dartmouth College: Tuck in New Hampshire and the University of Virginia: Darden.

The University of Georgia: Terry is top for “value for money”, calculated by dividing the average alumni salary three years after completion by the MBA’s total cost, including tuition, forgone salary, opportunity cost and other expenses.

Four US schools were rated highest by former students for the quality of their alumni networks: Stanford first, followed by Dartmouth, Cornell in New York state and the University of Notre Dame: Mendoza in Indiana.

Georgia Institute of Technology: Scheller was judged top by former students for its career services, followed by UCLA Anderson School of Management, Shanghai’s Fudan University School of Management and then Peking University: Guanghua.

The highest salary increases — from when alumni began their MBA to three years after completing it — were reported at the Indian School of Business and two Chinese business schools: Fudan, followed by Shanghai University of Finance and Economics: College of Business.

The Indian Institute of Management in Ahmedabad is top for career progress — measured as an increase in responsibility in alumni’s role in employment and size of organisation — followed by Stanford and then Fudan.

SDA Bocconi School of Management is placed top for a public audit of carbon emissions in its operations and net zero emissions targets, followed by the University of Virginia: Darden, IE Business School in Madrid, Duke University: Fuqua in North Carolina, Esade Business School in Barcelona, and Rotterdam School of Management, Erasmus University.

MBA classes remain predominantly male, with an average of 41 per cent women across the 100 schools. Only Wharton, France’s ESCP and Audencia reported top-scoring parity between male and female MBA students, while 10 schools had more women than men.

The greatest diversity of employment by sector among students before starting their MBAs was at ESCP Business School in France, followed by Esade, Warwick Business School in the UK and then Brigham Young University: Marriott in Utah.

The Indian Institute of Management Calcutta is ranked top for the extent to which the most recent completing class carried out exchanges and internships of at least a month abroad, followed by HEC Paris, ESCP and then the Lisbon MBA Católica | Nova.

For insights into the ranking and business study, sign up for Spotlight on the MBA, a free online event on Wednesday February 21. The webinar is presented in partnership with leading business schools and will feature academics, admissions experts and FT journalists. businesseducation.live.ft.com

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10 of the Highest Stock Prices in History and Why They Soared So High https://www.livemintnewstoday.com/10-of-the-highest-stock-prices-in-history-and-why-they-soared-so-high/ https://www.livemintnewstoday.com/10-of-the-highest-stock-prices-in-history-and-why-they-soared-so-high/#respond Sun, 11 Feb 2024 02:48:45 +0000 https://www.livemintnewstoday.com/10-of-the-highest-stock-prices-in-history-and-why-they-soared-so-high/ The stock price doesn’t always indicate a company’s quality. However, looking at the highest stock prices ever can be worthwhile both for investors and for those interested in the history of the stock market. From chocolate candy makers to mining companies, the list of stocks that have command reached such heights is a diverse list....

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The stock price doesn’t always indicate a company’s quality. However, looking at the highest stock prices ever can be worthwhile both for investors and for those interested in the history of the stock market. From chocolate candy makers to mining companies, the list of stocks that have command reached such heights is a diverse list. Here are 10 of the highest stock prices in history.

Key Takeaways

  • Warren Buffett’s Berkshire Hathaway (BRK.A) commands the No. 1 position, with an impressive stock price of over half a million dollars.
  • Swiss chocolatier Lindt & Sprüngli (LISN) holds steady at No. 2 with its six-figure stock price of CHF 118,400.
  • Internet phenomena Amazon and Google make the list, with stock prices soaring in the thousands.

Investopedia / Sabrina Jiang


Stock Price vs. Market Capitalization

Before we look at the highest stock prices, let’s touch on the difference between stock prices and market capitalization. While it’s tempting to equate a soaring stock price with a thriving business, the reality is not as straightforward. A company may simply not have a lot of shares outstanding, meaning the overall value of the company isn’t as high as you might think.

Market capitalization, which is calculated by multiplying the stock price by the total number of outstanding shares, provides a better measure of a company’s total value in the eyes of investors. Therefore, as you see the stock prices below, keep in mind that the value of the entity is not driven just by its stock price but by the number of shares it has also issued.

1. Berkshire Hathaway ($600,531)

Berkshire Hathaway Inc. is the holding company of billionaire investor Warren Buffett. Berkshire Hathaway A shares (BRK.A) traded at $600,531 per share at the close on Feb. 7, 2024.

Notable companies under the Berkshire umbrella include GEICO Auto Insurance and Helzberg Diamonds. Berkshire is also a major shareholder of Apple (AAPL), Bank of America (BAC), and Coca-Cola (KO).

For individuals interested in investing in Berkshire, the company’s B shares (BRK.B) are much more affordable, coming in at $399.15 per share as of Feb. 7, 2024.

2. Lindt & Sprüngli (CHF 123,433)

Chocoladefabriken Lindt & Spruengli AG (LISN) is a Swiss chocolatier established in the 1800s. Most famous for its Lindt Gold Bunny, truffles, and smooth chocolate-filled chocolates, it has expanded well beyond its European borders.

Its brands include well-known Russell Stover, Lindt, and Ghirardelli. The company employs over 14,000 employees and had sales of more than CHF 5.2 billion for 2023.

On Dec. 30, 2021, the company’s stock closed at an all-time high of CHF 123,433 (about $143,736 in U.S. dollars as of Feb. 1, 2024). On Feb. 9 2024, the stock closed at CHF 110,200.

Can’t afford to buy a single share of any of these stocks? Consider investing in mutual funds. A single mutual fund share gives you exposure to multiple stocks at once at a cheaper price.

3. NVR ($7,498.20)

NVR Inc. (NVR) is a homebuilder operating under the names of Ryan Homes, NVHomes, and Heartland Homes. It builds, markets, and sells homes, as well as offers mortgage financing and title insurance, in the U.S.

NVR hit an all-time high of $7,498.20 on Feb. 9, 2024. The pandemic crisis just a few years before was taking a toll on the company, reducing its share price by almost 50% in March 2020. However, it recovered most of those losses within a few months.

4. Seaboard ($4,650.00)

Seaboard Corporation (SEB) is a multinational corporation focusing on agriculture and transportation. The company’s primary focus is pork production and ocean transport.

Seaboard Foods, one of the company’s major businesses, is one of the largest grain and other agricultural product producers in the U.S. The marine division provides shipping services to the Caribbean and Central and South America. Seaboard has milling facilities and sells grain products worldwide. The company is best known by consumers for its significant stake in Butterball Turkey.

On April 18, 2019, the company’s stock price closed at a record high of $4,650.00 per share, worth about $5,581.61 in February 2024, adjusted for inflation. As of Feb. 9, 2024, the company trades at $3,566.02.

5. Amazon ($3,515.29)

Amazon (AMZN) was already hitting its stride before the COVID pandemic hit. Its stock had an initial pullback during the 2020 bear market. However, it soon became clear that Amazon would benefit from the crisis as consumers shifted their shopping online. It reached a closing high of $3,515.29 in Nov. 2021, worth about $3,879 in February 2024. The company split its stock in 2022 and as of Feb. 9, 2024, trades at $174.45.

Amazon founder Jeff Bezos is the second-wealthiest person in the world as of Feb. 1, 2024, with a net worth of roughly $185 billion.

6. Booking Holdings ($3,844.43)

Booking Holdings (BKNG) owns the travel reservation sites Booking.com and Priceline, two of the biggest players in the online travel industry. Additionally, it also owns OpenTable, the restaurant reservation company. The company hit an all-time high close of $3,844.43 on Feb. 8, 2024.

7. Alphabet ($2,976.21)

Technology giant Alphabet (GOOGL), best known for its Google search engine, reached a closing high of $2,960 on Nov. 14, 2021, about $3,284 in February 2024, adjusted for inflation. The company’s shares have since split, and the stock closed at $123.47 on Feb. 1, 2024.

Google produces revenue through advertising, publishing tools, and the Android operating system. Driving revenue growth is the continued adoption of advertising, which accounts for 80% of Google’s revenue (notably its AdSense and AdWords platforms). Google is part of the global super apps and FAMGA club. Google has products and services in education, GPS navigation, global business mapping, web conferencing, cloud storage, email communication, and even autonomous transportation, along with many other products and services.

8. AutoZone ($2,849.99)

AutoZone (AZO) sells aftermarket auto parts, such as brakes, batteries, engine oil, headlights, drivetrains, and much more. The company’s share price has been steadily increasing since 2021, hitting a closing high of $2,849.99 on Feb. 7, 2024.

9. Texas Pacific Land Corporation ($2,715.06)

Texas Pacific Land Corporation (TPL) is one of the largest landowners in the state of Texas. It has two main business segments, Land and Resource Management and Water Services and Operations. Started in 1871 with a federal charter and a mandate to build a railroad from Texas to California, the company now earns most of its income through oil and gas royalties, land leases, and investments.

The company closed at an all-time high of $2,715.06 on Nov. 7, 2022, worth about $2,984 in February 2024, adjusted for inflation. It has since fallen from that high, closing at $1,466.11 on Feb. 9, 2024.

10. Chipotle Mexican Grill ($2,442.02)

Chipotle (CMG) is known for its fast-casual Mexican restaurants worldwide, serving a variety of burritos, tacos, and other food. The company’s stock has been steadily increasing, closing at a high of $2,719..67 on Feb. 7, 2024.

How Much Does the Share Price Matter?

The price of each share in a company is determined by the supply and demand for that company’s stock in the market. The number of shares you own isn’t as important as the total value of your investment. Buying 10 shares of a lower-priced stock versus one share of a higher-priced stock doesn’t necessarily make a difference in the overall investment value.

What matters more is the percentage change in the share price. For example, whether a $20 stock increases by $2 (10%) or a $200 stock increases by $20 (10%), the increase in value is the same if you invested the same amount of money in both. However, owning more company shares at a lower price could offer more flexibility when selling a portion of your holdings without having to sell an entire share. But with many brokerages now offering fractional shares, this has become less important.

What Was Apple’s Highest Stock Price Ever?

Apple’s highest stock closing price was $199.62.

How Do I Find a Stock’s All-Time High and All-Time Low?

Stock tracking and financial websites like TradingView provide historical data for most stocks. Some allow users to submit queries for specific price ranges, maximums, and minimums.

The Bottom Line

The record-breaking prices of the top 10 stocks of all time underscore not only the remarkable growth of these companies but also signal broader economic trends. Such valuations reflect robust business models and market power, but often also the happenstance that some companies allowed their shares to rise very high before splitting their stocks. For investors, these historic prices highlight the importance of long-term value creation, market timing, and the potential rewards of investing in companies with solid fundamentals and visionary leadership. However, some are cautionary, having dropped from their highs, pointing to the need for diversification and thorough research when investing.

Owning shares in the top 10 highest-priced stocks comes with a notable drawback: less flexibility in trading. The steep price tags on these shares can limit trading opportunities, though, with most brokers allowing sales of fractional shares, such worries are not as necessary as in the past.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes online. Read our warranty and liability disclaimer for more info.

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S&P 500 hits 5,000 for first time; Microsoft topples Apple as world’s largest company https://www.livemintnewstoday.com/s-microsoft-topples-apple-as-worlds-largest-company/ https://www.livemintnewstoday.com/s-microsoft-topples-apple-as-worlds-largest-company/#respond Fri, 09 Feb 2024 20:04:08 +0000 https://www.livemintnewstoday.com/s-microsoft-topples-apple-as-worlds-largest-company/ BMO Capital Markets Chief Investment Strategist Brian Belski argues the stock market rally is broader than investors think on ‘Making Money.’ The S&P 500 has never been higher, closing above the 5,000 level for the first time ever as improving corporate earnings and better-than-expected economic data fuel investor optimism.  That optimism got an extra push...

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The S&P 500 has never been higher, closing above the 5,000 level for the first time ever as improving corporate earnings and better-than-expected economic data fuel investor optimism. 

That optimism got an extra push Friday after revised data showed consumer inflation moderated at the end of last year, according to the Bureau of Labor Statistics. 

Ticker Security Last Change Change %
SP500 S&P 500 5005.57 -24.16 -0.48%

However, strategists caution the upward move is heavily tied to just a handful of companies. 

“Technology is really important, as you know. Look at Microsoft, Apple, Nvidia make up 18% of the S&P 500, and the total is about 30% and it’s actually more today than it was the peak in 2000 when we had that tech bubble burst,” Crossmark Global Investments CEO Bob Doll said during an interview with FOX Business. 

ARM CEO TALKS GROWTH AS STOCK ROCKETS 

Ticker Security Last Change Change %
MSFT MICROSOFT CORP. 404.06 -2.50 -0.61%
AAPL APPLE INC. 182.12 -1.74 -0.95%
NVDA NVIDIA CORP. 726.13 -0.45 -0.06%

APPLE STORE IN CALIFORNIA DECIMATED BY MASKED THIEF

To Doll’s point, Microsoft displaced Apple as the world’s largest company as its market cap moved above $3 trillion on Friday, compared to the iPhone maker’s $2.9 trillion, as tracked by Dow Jones Market Data Group.

Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event Nov. 6, 2023, in San Francisco. (Justin Sullivan/Getty Images / Getty Images)

Under CEO Satya Nadella, Microsoft is the first U.S. company to close with a market value of $3.124 trillion. The company is coming off a record year, pulling in $62 billion in revenues driven by cloud computing and artificial intelligence.

WHAT IS ARTIFICIAL INTELLIGENCE (AI)?

“We’ve moved from talking about AI to applying AI at scale by infusing AI across every layer of our tech stack,” Nardella said during a January earnings call. 

Microsoft, Apple

Apple vs. Microsoft  (Dow Jones Market Data Group )

Communication, technology and consumer discretionary stocks are the top-performing S&P sectors over the past three months, rising over 17%, 16% and 10%, respectively. 

“Consider that over the past 12 months only three sectors have outperformed the SPX: Information Technology, Communication Services, and Consumer Discretionary. The first two have dramatically outperformed the index. We consider these sectors to be overvalued and favor investors trimming exposures down to our suggested neutral allocations for Technology and Communication Services and an unfavorable (underweight) allocation in Consumer Discretionary,” Scott Wren, senior global market strategist at Wells Fargo Investment Institute, wrote in a note to clients. 

Ticker Security Last Change Change %
XLC THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND 78.97 -1.22 -1.52%
XLK TECHNOLOGY SELECT SECTOR SPDR ETF 202.57 -1.88 -0.92%
XLY CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF 179.02 -1.07 -0.59%

Both are outperforming the broader index, which has gained 5% this year and over 22% during the past 12 months as of Friday. 

CLICK HERE TO READ MORE ON FOX BUSINESS
 

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Indiana State University’s Scott College of Business Earns Top Rankings in U.S. News & World Report https://www.livemintnewstoday.com/indiana-state-universitys-scott-college-of-business-earns-top-rankings-in-u-s-news-world-report/ https://www.livemintnewstoday.com/indiana-state-universitys-scott-college-of-business-earns-top-rankings-in-u-s-news-world-report/#respond Fri, 09 Feb 2024 00:59:04 +0000 https://www.livemintnewstoday.com/indiana-state-universitys-scott-college-of-business-earns-top-rankings-in-u-s-news-world-report/ Indiana State University’s (ISU) Scott College of Business has earned high praise for its exceptional business programs, securing impressive rankings in the U.S. News & World Report’s latest evaluation. The bachelor’s in business program claimed the 31st spot, while the online MBA program and the online master’s in business programs, excluding the MBA, took the...

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Indiana State University’s (ISU) Scott College of Business has earned high praise for its exceptional business programs, securing impressive rankings in the U.S. News & World Report’s latest evaluation. The bachelor’s in business program claimed the 31st spot, while the online MBA program and the online master’s in business programs, excluding the MBA, took the 193rd and 160th positions, respectively.

A Triumph of Excellence and Innovation

ISU President Deborah Curtis commended the faculty, staff, and students for their dedication and hard work, which contributed to the university’s well-deserved recognition. The rankings are based on a comprehensive assessment of thousands of programs, focusing on the quality of education at the baccalaureate and master’s levels, with particular emphasis on online delivery methods, technologies, and student support services.

The Scott College of Business’s reputation for providing a strong foundation in career success has long been recognized. Provost Christopher Olsen highlighted the college’s commitment to maintaining the quality and relevance of its programs, ensuring students receive an education that meets the highest standards.

Online Education Soars

The university’s investment in online education has paid off, as demonstrated by the remarkable growth of the online MBA program. In just two years since its launch, the program has experienced an astonishing 275% increase, resulting in the largest MBA class in ISU’s history this spring. With over 180 graduate students enrolled, the university is poised to continue setting new records in the realm of online business education.

The online MBA program’s success can be attributed to the university’s emphasis on providing a world-class online and in-person education. By combining rigorous academics with cutting-edge technology and support services, ISU has created a learning environment that prepares students for success in today’s rapidly evolving business landscape.

A Bright Future Ahead

As Indiana State University celebrates its recent accomplishments, it also looks forward to building on its success. With a commitment to delivering top-tier education and a focus on innovation, the Scott College of Business is well-positioned to continue shaping the future of business education, both online and in person.

The university’s recent rankings serve as a testament to the power of dedication, collaboration, and a student-centered approach to learning. As ISU continues to redefine the boundaries of business education, it remains steadfast in its mission to prepare the next generation of leaders to navigate the complexities of an increasingly interconnected world.

In the ever-changing landscape of higher education, Indiana State University’s Scott College of Business stands as a beacon of excellence and innovation. With its impressive rankings and unwavering commitment to providing a top-tier education, the college is setting the stage for a future where online and in-person learning coexist seamlessly, empowering students to achieve their full potential and make a lasting impact on the global business community.

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URI business students among top teams at global supply chain case competition https://www.livemintnewstoday.com/uri-business-students-among-top-teams-at-global-supply-chain-case-competition/ https://www.livemintnewstoday.com/uri-business-students-among-top-teams-at-global-supply-chain-case-competition/#respond Thu, 08 Feb 2024 17:35:46 +0000 https://www.livemintnewstoday.com/uri-business-students-among-top-teams-at-global-supply-chain-case-competition/ KINGSTON, R.I. – Feb. 8, 2024 – Four University of Rhode Island students from a College of Business global supply chain management class were among the top finishers in the Global Sustainability Supply Chain Case Competition sponsored by the United Nations Group of Friends for Sustainable Transport. In a field of 71 teams, Jose Gonzalez...

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KINGSTON, R.I. – Feb. 8, 2024 – Four University of Rhode Island students from a College of Business global supply chain management class were among the top finishers in the Global Sustainability Supply Chain Case Competition sponsored by the United Nations Group of Friends for Sustainable Transport.

In a field of 71 teams, Jose Gonzalez ’24 and Maya Casagrande ’25 won the gold in the paired-teams category, and Noah Blake ’25 and Emily Tingley ’24 earned the bronze. Both URI teams were paired with students from Beijing Wuzi University in China. Gonzalez and Casagrande’s team also earned bronze in the Best Sustainable Solutions category.

The competition, which was held virtually over the fall semester, attracted 250 students from more than 30 colleges and universities from around the world to solve global supply chain challenges while contributing to the U.N. Sustainable Development Goals.

“Initially, my expectation was that our students would just learn from the competition by participating,” said Professor Koray Özpolat, who offered students the opportunity to take part in the competition as part of his global supply chain class. “But they went above and beyond the course requirements and developed smart and feasible supply chain solutions in support of the U.N.’s goals. Our students demonstrated that learning in URI classrooms spills over to the public domain and helps solve real-world problems. As a public university, this is one way we give back to society.”

The student teams were able to choose from a half-dozen case studies that outlined real sustainability challenges faced by local and international companies. To advance, teams submitted a written case analysis using a press release and frequently asked questions format. The top 35 teams moved on to present their analyses to a panel of judges over Zoom. In December, 12 finalists presented their refined analyses before judges, who included representatives from such global institutions as the World Bank Group, U.N. Global Compact and the Global Reporting Initiative.

Casagrande of Higganum, Connecticut, a junior majoring in global business and Spanish, wanted to participate in the competition for the opportunity to work with students from another country and hone her presentation and critical-thinking skills.

“The competition was an incredibly rewarding experience,” she said. “The awards we won reflect how hard our team worked. This competition has served as a platform for personal and professional growth, providing me with practical knowledge and the satisfaction of achieving success in a challenging and competitive environment.”

“I’m a really competitive person and I like to express my ideas,” said Gonzalez, a senior in supply chain management who is originally from Valencia, Venezuela and now lives in Johnston. “I wanted to compete in the challenge because these were real-life case studies based on companies in different parts of the world and it would be a charm if we won the competition.”

Casagrande and Gonzalez’s team chose a case involving Babemax, a Chinese retailer in maternity and infant products. The students’ challenge was to design a more efficient and sustainable process of transporting products from Babemax’s warehouse to its hundreds of stores around China. The team devised a plan for a new way of loading the company’s delivery trucks that used high-density polyethylene containers instead of pallets to maximize space. Besides being recyclable, the containers would provide efficiency in handling inventory and the transporting and storing of goods.

The case analysis included steps the company could take to reduce its carbon footprint, including investing in sustainable certifications, green technology and electric delivery vans, Casagrande said.

“We did extensive research on the materials we recommended for the containers,” said Gonzalez. “But what helped us were our daily supply chain classes. If you’re talking about transportation, distribution and sustainability daily, that helps open your mind to see things from a different perspective.”

Like their classmates, Blake and Tingley enjoyed working with their teammates from China, meeting with them virtually twice a week during the competition. They also gained a better appreciation of sustainability.

“The competition definitely opened my eyes to a new part of supply chain that I’m very interested in,” said Tingley of Lebanon, Connecticut, who will graduate this May with a degree in supply chain management. “Sustainability specifically is something that I’m very interested in working in after graduation.”

“This competition made me realize that sustainability is something that’s going to be increasingly popular within the supply chain in the coming years, especially after the pandemic,” added Blake, a junior majoring in supply chain management and entrepreneurship from Middletown, Connecticut. “The pandemic unveiled the vulnerabilities of our supply chain, emphasizing the need for restructuring. Now, more than ever, we are entering a phase where significant changes can be made to promote great sustainability.”

Their team chose a case study that involved efficiently integrating the use of electric vertical take-off and landing aircraft (eVTOLs) in the Chicago metro area to transport cargo from the city’s two airports. They proposed a middle-mile approach that would utilize a proposed third airport in the Chicago area to move cargo by electric drones from the airport to distribution centers within a 50-mile radius. Their plan emphasized the aircraft’s sustainability and how the plan could be incorporated at airports around the world to serve nearby cities, Tingley said.

The analysis was deeply focused on aviation—an area of interest to Blake, who will intern this summer with Lockheed Martin in Stratford, Connecticut.

“It opened my mind a lot,” said Blake. “It actually narrowed down what I want to do with internships and what kind of jobs I want to look for after college.”

The winning teams will be awarded certificates and complimentary enrollment in the Global Supply Chain Classroom’s Post-Graduate Global Supply Chain Certification program.

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