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Hung Cao, the Republican Senate nominee in Virginia, disparaged drag queens and people who are tolerant of them by implying Wednesday that they are not tough enough to serve in the military. Cao, a Navy veteran, was asked to explain how he believes DEI could affect military recruitment. According to his campaign website, Cao is a retired Navy captain who served with special operations in Iraq, Afghanistan and Somalia. Former President Donald Trump endorsed Cao in the Senate GOP primary; Cao later spoke at the Republican National Convention. The Cook Political Report, which examines the competitiveness of congressional seats and the presidential race, characterizes the Virginia Senate seat as "solid" Democrat.
Persons: Hung Cao, Cao, Democratic Sen, Tim Kaine, that’s, Biden, Republican pushback, Sen, Tommy Tuberville, Cao's, Kaine, Republican Hung Cao, Eric Lee, Hillary Clinton's, Donald Trump Organizations: Republican, Democratic, Navy, Department of Homeland Security, FBI, Bloomberg, Getty, GOP, Republican National Convention, Virginia Senate, Democrat Locations: Virginia, Iraq, Afghanistan, Somalia
Shares of Wynn Resorts popped 2% in after-hours trading Tuesday after the casino operator reported stronger-than-expected quarterly results, driven by the Super Bowl in Las Vegas and the recovery in China's Macao region. Macao It was a double beat in Macao, with both properties (Wynn Palace and Wynn Macao) reporting revenue and profit results better than Street expectations. Las Vegas Las Vegas put up a record first quarter of adjusted property EBITDAR. The Wynn Las Vegas resort and casino at dusk in Las Vegas, Nevada, US, on Monday, May 8, 2023. Wynn Resorts Ltd. is scheduled to release earnings figures on May 10.
Persons: We're, , DraftKings, Wynn, Jim Cramer's, WYNN, Jim Cramer, Jim, Bridgett Bennett Organizations: Wynn Resorts, Super, LSEG, Vegas Sands, MGM Resorts International, Wynn, Vegas Las, Super Bowl, Management, CNBC, Wynn Resorts Ltd, Bloomberg, Getty Locations: Las Vegas, China's Macao, Las Vegas , Boston, Macao, China, Vegas, Wynn Macao, Vegas Las Vegas, Boston, UAE, Las Vegas , Nevada
What it’s really like to live in Macao
  + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +9 min
Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.
Persons: CNN — “, , Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, , it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, , , Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s
Global airlines are governed by nine "freedoms of the air," drafted 80 years ago in 1944. The fifth freedom can give airlines a competitive edge and help capitalize on demand. "Five Freedom Agreements"Qantas flies a Boeing 787 on its fifth freedom route between Sydney and New York. Seventh FreedomThe seventh freedom is similar to the fifth freedom but takes out the limitation of where the route must start or end. Ninth FreedomAdvertisementThis cabotage freedom allows an airline of one nation to fly between two points in a separate single country.
Persons: , Vytautas Kielaitis, Taylor Rains, Toshi, Nicolas Economou Organizations: Service, International Civil Aviation Organization, United Nations, Chicago Convention, ICAO, Chicago, European Union, Singapore Airlines, Airbus, Qantas, Google Flights, United Airlines, FAA, Emirates, Latam Airlines, Atlantic . Emirates, luxe, Forbes, Air Senegal, Boeing, Ryanair, Getty, Nice Locations: New York, Singapore, Frankfurt, Germany, Emirates, JFK, Milan, Newark, Athens, Dubai, Australian, Sydney, Auckland , New Zealand, Cebu, Philippines, Tokyo, , Mexico City, Barcelona, Santiago, Chile, Auckland, Amsterdam, Buenos Aires, Los Angeles, Australia, Dakar, Baltimore, Ireland, Rome, Vilnius, Lithuania, Paris
The Chinese internet lamented the death of Henry Kissinger death on Wednesday. Just four hours after his death was announced, topics on Kissinger hit a whopping 660 million combined view count on Weibo, China's version of Twitter. "Old friends are dying, like leaves in the wind," wrote one Weibo user in a top comment, referencing a line attributed to the ancient Chinese warlord Cao Cao. Chinese leader Xi Jinping even called him an "old friend of the Chinese people" when Kissinger visited China in July. AdvertisementWith his death, and that of Berkshire Hathaway's Charlie Munger, "an era in the United States has ended," wrote one Weibo user in a heavily upvoted comment.
Persons: Henry Kissinger, Kissinger, , Cao Cao, Guan Yu, Cao Cao's, Xi Jinping, Charlie Munger, Kissinger —, Munger, that's, Richard Nixon Organizations: Service, Weibo, Twitter, Sino, Business Locations: Weibo, China, American, Washington, Beijing, Berkshire, United States
A TotalEnergies tanker truck with sustainable aviation fuel (SAF) is pictured during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. ICAO's third Conference on Aviation and Alternative Fuels (CAAF) runs this week ahead of the COP28 U.N. climate summit in Dubai, which starts on Nov. 30. CAAF delegates from more than 100 countries are debating ways to boost supply of sustainable aviation fuel (SAF) made from materials like used cooking oil. SAF is key to lowering emissions from aviation, but remains costly and in short supply. Making access to financing more readily available to developing countries, another conference goal, is needed to bolster SAF production outside of the United States and Europe.
Persons: Benoit Tessier, Haldane Dodd, CAAF, Francis Mwangi, Mwangi, Allison Lampert, Jonathan Oatis Organizations: Paris, REUTERS, United Nations, International Civil Aviation Organization, Aviation, Alternative Fuels, SAF, Air Transport Action, Kenya's Civil Aviation Authority, Thomson Locations: Le Bourget, Paris, France, Dubai, United States, Europe, Mombasa, Kenya, Montreal
That’s a serious question, but with a delightfully nonsensical answer: All served as inspiration for national costumes on display during the 2023 Miss Universe pageant’s preliminary competition. (Specifically, those were the looks donned by Miss Great Britain, Miss Philippines, Miss Dominican Republic and, yes, Miss Switzerland.) Eighty-four countries are represented at this year’s Miss Universe, which is taking place in the El Salvadoran capital of San Salvador. Miss Nepal, Jane Garrett, is one of the first “curvy” women to compete at Miss Universe; Erica Robin, meanwhile, is the first woman to represent Pakistan at the pageant. Hector Vivas/Getty ImagesTrue to form for the competition, Miss France ventured into Moulin Rouge's costume department.
Persons: Miss Great, Miss Nepal, Jane Garrett, Erica Robin, R’Bonney Gabriel, Hector Vivas, Miss Brazil, El Salvador's, Alex Peña, Ireland's, carnations, Miss Nigeria's, Miss Curaçao's, Marina Machete, Miss Malaysia, Serena Lee, Jordanne Levy, Moulin, Anntonia Porsild, Bryoni Natalie Govender, Miss Mongolia's Organizations: CNN, Swiss Guard, Miss, El, Oxford English, Miss Netherlands, Games, country's Air Force, Images Locations: Miss Great Britain, Miss Philippines, Miss Dominican Republic, Miss Switzerland, El Salvadoran, San Salvador, Netherlands, Portugal, Miss, Pakistan, USA, Miss Iceland, Venezuelan American, Costa Rica, Miss Portugal, Honduras, Jamaica, Thailand, South Africa
A rebound in spending by Chinese travelers helped Las Vegas Sands ' (LVS) deliver a strong quarter on Wednesday. It should help Club holding Wynn Resorts (WYNN), too. Wynn stock gained 2.4% to $88 apiece. WYNN YTD mountain WYNN stock year-to-date performance. "A relevant question is can the market grow to $30 billion, $35 billion, $40 billion of GGR and beyond?
Persons: Macao's EBITDA, Wynn, WYNN, Robert Goldstein, Jim Cramer's, Jim Cramer, Jim, Bob Henry Organizations: Wynn Resorts, WYNN, Vegas Sands, Vegas, Macao hasn't, Club, CNBC, Wynn, Universal, Getty Locations: Las Vegas, Vegas Sands, Singapore, Macao, Asia, Vegas, Macau, China
View shows Sigma Lithium Corp SGML.V production at the Grota do Cirilo mine in Itinga, in Minas Gerais state, Brazil April 18, 2023. That transaction, Gardner's lawyers argued, would grant Sigma mineral rights to valuable lithium deposits and hurt RI-X's ability to develop its own mining project. At the time of the transfer, Gardner owned 49% of RI-X and Cabral-Gardner held 51%, documents show. Sigma shares, which had been up 4% in afternoon trading on Thursday, erased gains to close more than 2% lower after Reuters reported on the court injunction. Sigma declined to comment on the New York lawsuit, and said "the divorce proceedings are a private, personal matter and have no impact on how Sigma Lithium conducts business."
Persons: Washington Alves, Ana Cabral, Gardner, Calvyn Gardner, Cabral, Sigma, Fabio Teixeira, Ernest Scheyder, Gabriel Stargardter, Brad Haynes, Rosalba O'Brien Organizations: Sigma Lithium Corp, REUTERS, DE, Sigma, Reuters, Deloitte, Brazilian Mining Association, New, Thomson Locations: Itinga, Minas Gerais, Brazil, DE JANEIRO, Vancouver, Sao Paulo, New York
Santos, the club where Pelé and Neymar started, also doesn't accept that the Al-Hilal striker broke the record of the man the club and Brazilians call their king. Pelé scored twice in Brazil's 2-2 draw with Inter Milan in 1960. In 1960, he claimed a hat-trick in a 3-1 triumph over against a combination of Egyptian and Syrian national team players. “I want to say this (record) doesn’t mean I am better than him (Pelé) or any national team player,” he said in a short statement. “I always wanted to write my story in the national team and today I did that.”___
Persons: Neymar, Pelé, Neymar Jr, Ednaldo Rodrigues, ” Neymar, Rodrigues, , Santos, Al, , Mauro Cézar Pereira, Renato Mauricio Prado, Lionel Messi, Cristiano Ronaldo Organizations: SAO PAULO, , Brazil's, FIFA, “ FIFA, Inter Milan, Atletico Madrid, Sweden's, Pelé, Syrian national, Neymar, Brazil —, Argentina, Copa Locations: — Brazil, American, Bolivia, Hilal, Brazil, Sweden's Malmo, Northeastern, Pernambuco, London, Rio de Janeiro, Portugal, Copa America
SAO PAULO (AP) — Neymar scored his record 78th and 79th goals for Brazil in a 5-1 World Cup qualifying win over Bolivia on Friday. Neymar's goals in the Amazon city of Belem put him two above the total of three-time World Cup winner Pelé as the Selecao's top goal scorer. The 2026 edition of the World Cup in the United States, Mexico and Canada is expanding to a 48-team format. Brazil will play at Peru on Tuesday, the same day Bolivia will host World Cup champion Argentina. Three other matches in South American World Cup qualifying were played Thursday.
Persons: — Neymar, Pelé, Marcelo Bielsa, — Edinson Cavani, Luis Suárez —, Fernando Diniz, Carlo Ancelotti, Neymar, Billy Viscarra, Viscarra, Rodrygo, Raphinha, Vinicius Júnior, Bruno Guimarães, Victor Abrego, Nicolás de la Cruz, Federico Valverde, La, Manuel Ugarte, Darwin Núñez, Valverde, Brayan Cortés, De, De La Cruz, Lionel Messi Organizations: SAO PAULO, Brazil, Bolivia, Copa America, Bolivian, Peru, Argentina, La Cruz, South, ___ Locations: Amazon, Belem, Uruguay, Chile, Montevideo, United States, Mexico, Canada, South America, BRAZIL, BOLIVIA, Brazil, Bolivia, URUGUAY, CHILE, De La, Ecuador, Colombia, Venezuela, Paraguay, Peru
Turmoil in the Chinese economy can mean bad news for a range of popular stocks. And the global superpower has flashed warning signs in recent days, signaling stocks with exposure to the country could feel pressure. In May, Morgan Stanley screened for publicly traded companies in the U.S. with the highest share of revenue connected to China. Other stocks to watch To be sure, exposure to China extends beyond the semi landscape. Battery manufacturer Microvast was the most exposed with 80% of revenue coming from China, Morgan Stanley's analysis found.
Persons: Morgan Stanley, Baird, Microvast, Morgan, Wynn, — CNBC's Michael Bloom Organizations: Reuters, Nvidia, UBS, Marvell Technology, Silicon Laboratories, Devices, Qualcomm, Wynn Resorts, Vegas, Street, Las Vegas Sands, Western Locations: China, Beijing, U.S, Refinitiv, Wells Fargo, Vegas, Las Vegas, Corning
Shelby Smith took a six-month career break and traveled to Curaçao, a Dutch Caribbean island. Smith fell in love and moved from Portland, Oregon, to Curaçao permanently to start her family. I visited Curaçao on vacation and knew I'd be backI visited Curaçao, a Dutch Caribbean island, on vacation in 2019. Three days before I landed, the whole island went on lockdown. If you think living on a remote island would be much cheaper, think againSome living costs on the island are cheaper, but others are more expensive.
Persons: Shelby Smith, Smith, I'd, Curaçao Organizations: Service, Facebook Locations: Curaçao, Dutch Caribbean, Portland , Oregon, Wall, Silicon, Aitutaki, Cook, Portland, Reveri, Netherlands, United States, American
Hung Cao, a former GOP House nominee, is now running for Democratic Sen. Tim Kaine's seat. He warned in a recent interview that "witchcraft" is happening in California. "There's a place in Monterey, California called 'Lover's Point,'" Cao said. According to the Monterey County Historical Society, "Lover's Point" was indeed once known as "Lovers of Jesus Point," owing to its settlement by the Methodist Episcopalian Church in the 1870s. Earlier in the interview, Cao — a Vietnamese refugee — also remarked that he was African-American by virtue of having spent time in Niger as a child.
Persons: Hung Cao, Democratic Sen, Tim Kaine's, Jennifer Wexton, Cao, Tim Kaine, who's, Sean Feucht —, it's, Cao —, , Cao interjected, Scott Parkinson, Ron DeSantis Organizations: GOP House, Democratic, Service, Republican, US, Disney, Wing, Historical Society, Methodist Episcopalian Church, Government Affairs, Club for Growth Locations: California, Cao, Africa, Wall, Silicon, Virginia, United States, Monterey , California, Monterey, African, Niger, Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe casino market isn't going to be what it was before the Covid pandemic, says JefferiesDavid Katz, equity analyst at Jefferies, says the casino market's recovery is "well underway," but Macao's Sands China will continue to position itself for the "new normal."
Persons: Jefferies David Katz Organizations: Jefferies Locations: China
Las Vegas Sands is a premier way to play Macao's reopening, according to Morgan Stanley. Analyst Stephen Grambling named the stock a top gaming pick. "We see it being the best way to play Macau and one of the final consumer recovery stories coming out of Covid," he said in a note to clients Friday. He described Las Vegas Sands as "the best way to play the mass market." LVS YTD mountain Las Vegas Sands, year to date — CNBC's Michael Bloom contributed to this report.
Persons: Morgan Stanley, Stephen Grambling, Grambling, Michael Bloom Organizations: Macau, Gross, Grambling Locations: Macao, Vegas, Singapore, New York, Grambling, Vegas Sands
Two resort-and-gambling stocks are less attractive now that the market has better priced in a popular gambling destination's recovery, according to Jefferies. Analyst David Katz downgraded Las Vegas Sands and Wynn Resorts to hold from buy. Katz shaved Las Vegas Sands' price target by $4 to $65, still representing an 11.1% upside from where the stock closed Wednesday. For 2024, he said to expect EBITDA margin growth of 29% for Las Vegas Sands and 52% for Wynn. Outside of Macao, Katz said Las Vegas business should continue to help Wynn, while Singapore is a strong performing area for Las Vegas Sands.
Persons: David Katz, Katz, Wynn, — CNBC's Michael Bloom Organizations: Jefferies, Sands, Wynn Resorts, Las Vegas Sands, Wynn, Las Locations: Macao, Macau, Las Vegas, Singapore, Las
Check out the companies making the biggest moves in premarket trading:GameStop — Shares plummeted nearly 21% in premarket trading. Wynn Resorts , Las Vegas Sands — The casino operators both shed about 2% following a downgrade by Jeffries to hold from buy. Signet Jewelers — Shares tumbled nearly 11% after the jeweler provided second-quarter revenue and operating-income guidance that fell short of expectations. T-Mobile — Shares of the wireless provider added about 1% in premarket trading after Wolfe Research upgraded T-Mobile to outperform from peer perform. HashiCorp - The stock sank more than 22%, a day after the company reported a first-quarter earnings miss and revenue beat.
Persons: Matthew Furlong, Ryan Cohen, Jeffries, Zhu Jiang, Wolfe, HashiCorp, Jesse Pound, Sarah Min, Brian Evans Organizations: GameStop, Wynn Resorts, Sands, Signet, Reuters, Mobile, Wolfe Research, Adobe, Adobe Express Locations: New York, Las, China
We are buying 100 shares of Wynn Resorts (WYNN) at roughly $96.89 apiece. Before the Covid pandemic, the company generated about 75% of its earnings before interest, taxes, depreciation, and amortization (EBITDA) from its Macao properties. And since the Macao properties' cost structure was reduced to minimize losses during the lockdowns, the operating leverage as revenues recover has been both notable and underappreciated by the market. Despite recent weakness due to fresh Covid concerns, the May CGR numbers numbers for Macao indicate that there has not been any material slowdown in gaming. Wynn stock is still up nearly 17% year-to-date, and we believe China's long-term economic recovery is on track.
Persons: Jim Cramer's, GGR, Covid, Wynn, WYNN, Jim Cramer, Jim Organizations: Wynn Resorts, WYNN, Macao, Boston, CNBC Locations: China, Macao, U.S, Las Vegas, Boston, Beijing
Wynn Resorts (WYNN) delivered a much better-than-expected first quarter Wednesday, with the casino. It appears the miss could be attributed to individual wealthy gamblers frequenting Wynn Palace at the expense of Wynn Macao, which historically is more exposed to groups and tours. Las Vegas Wynn Las Vegas continues to post big results, generating an all-time record adjusted EBITDAR of $231.6 million. There may be a lot of talk out there about a pullback in consumer spending, but it isn't showing up at Wynn Las Vegas. On a hold normalized basis, Wynn Las Vegas' EBITDAR margins expanded 300 basis points year-over-year and 1,400 basis points from the first quarter of 2019.
What it’s like to be a theme park designer
  + stars: | 2023-04-21 | by ( Kate Springer | ) edition.cnn.com   time to read: +10 min
“Back then, it definitely wasn’t cool to be into theme parks, but I was obsessed,” Jeffs, 39, tells CNN. Jeffs points to the immersive “Pacific Rim: Shatterdome Strike” ride at Trans Studio Cibubur, part of Indonesia’s largest theme park chain, as an example. “When I was growing up, theme park design was often dismissed as a rinky-dink, second-class artistic discipline simply because it was rarely well done. “That first summer, we drove 10,000 miles and hit up virtually any theme park that had managed to re-open,” he says. Courtesy Taylor JeffsAnd though he’s ridden over 600 roller coasters and explored theme parks worldwide, Disneyland in California remains his all-time favorite park.
Ray Cao began reselling sneakers and apparel at 17 to help get his family out of debt. As a teen, Cao's parents racked up gambling debt and invested in penny stocks that backfired, he told Insider. "What got me into reselling was just being desperate to improve the financial situation for my family," Cao said. Ray CaoReselling on StockX costs more but saves timeA turning point for Cao's business came when StockX asked for a meeting a few years ago. "It's true that you don't make the best money on StockX," Cao said, referring to fees the marketplace charges for orchestrating a sale.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks fall, as oil soars Stocks started the second quarter of the year largely under pressure Monday morning. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
MONTREAL, March 17 (Reuters) - The United Nations aviation council on Friday voted to hear a case against Russia over the 2014 downing of Malaysia Airlines Flight MH17, the foreign ministers of Australia and the Netherlands said. Australia and the Netherlands initiated the action over MH17 last year at the International Civil Aviation Organization (ICAO). The ICAO upheld its jurisdiction to hear the matter during a session on Friday, Australian Foreign Minister Penny Wong said in a written statement. Dutch Foreign Minister Wopke Hoekstra called the decision to hear the case "an important step towards establishing the truth, justice and accountability". In October, Russia failed to win enough votes at ICAO's triennial assembly to keep its council seat.
As investors weigh the possibility of a U.S. recession or a soft landing, there are certain stocks that should outperform in either scenario, according to Evercore ISI. However, Evercore ISI is among those on Wall Street that have a base-case scenario of a recession in the second half of the year. The other is what he calls " valmentum stocks " — value stocks with momentum — that have high free-cash-flow yield and strong earnings-per-share momentum, he added. Booking Holdings is one of Evercore ISI's valmentum stocks and could rally about 15% from Friday's close, according to the firm's price target of $3,000. Wynn is up more than 40% year to date, while Las Vegas Sands stock has gained more than 26%.
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