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Two major countries’ approach to climate change has turned upside down Down Under. Critics argue that both countries are falling short as they head to this year’s United Nations Climate Change Conference, or COP29, which starts Monday in Azerbaijan. “Standing shoulder to shoulder with Pacific Island nations seems not to mean doing anything Pacific Island leaders have asked,” Hemming said. Albanese’s office and the office of his minister for climate change and energy, Chris Bowen, did not respond to requests for comment. Australia came in for special criticism last month at the Commonwealth Heads of Government Meeting in the Pacific Island nation of Samoa.
Persons: , Anthony Albanese, Christopher Luxon, Jacinda Ardern, Luxon, , Antonio Guterres, Manaui Faulalo, “ We’re, Ralph Sims, ” Sarah Clement, Albanese, Penny Wong, Polly Hemming, ” Hemming, Chris Bowen, Wong Organizations: United Nations, Labor, Conservative, Radio, Getty, Organization for Economic Cooperation, Development, Massey University, Change, Australian National University, Australia Institute, Commonwealth Locations: Australia, New Zealand, South Pacific, Asia, Pacific, Palau, Tuvalu, Kiribati, Anthony Albanese . New Zealand, Samoa’s, AFP, Azerbaijan, Samoa, Vanuatu, Fiji, Canada, Britain
Since Trump's win, the market has already seen some major gains. Those sectors in particular had several winners in the rally following Trump's 2016 win , and analysts believe gains may likewise be in store this time around – especially for energy. Defense stocks could also see some gains, according to Barclays analyst David Strauss. That would be above the 14.2% rally the stock saw after Trump's first win from Nov. 7, 2016, until year's end. Among the 15 analysts covering it, 11 have a hold rating, while only two have a strong buy or buy rating.
Persons: Donald Trump's, Wells, Roger Read, David Strauss, Trump, Chris Caso, Trump's, Huntington Ingalls, it's Organizations: Dow Jones Industrial, Energy, Trump, Defense, Barclays, Semiconductor, Wolfe Research, CNBC Pro, ConocoPhillips Locations: industrials, China, Texas
To select the right dividend stocks, investors can consider the recommendations of top Wall Street analysts, who have a strong track record and provide useful insights based on a thorough analysis of a company's fundamentals. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Scotto highlighted EPD's robust backlog of organic growth projects, with notable projects expected to come online next year and fuel the company's growth. International Business MachinesWe move to the next dividend stock, IBM (IBM). In Q3, IBM generated free cash flow of $2.1 billion and returned $1.5 billion to shareholders through dividends.
Persons: Donald Trump, Wall, EPD, Elvira Scotto, Scotto, TipRanks, Amit Daryanani, Daryanani, Arvind Krishna, ARCC, Kenneth Lee, ARCC's, Lee Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, Machines, IBM, Consulting, Software, IBM's Software, Hat, Ares, Ares Capital Locations: TipRanks
CNN —This week in travel news: why true crime buffs are heading to Beverly Hills, a look at the world’s only Michelin-starred ice cream restaurant and the reaction to a “makeunder” of one of Italy’s star attractions. Ice, ice babyThis -40 °C pastry dessert at Minimal is served with a side of gelato. MINIMALWe all scream for ice cream — and “we” includes the Michelin guide, which recently awarded one of its coveted stars to Minimal, an ice cream restaurant in Taiwan. Not-so-bella vistaVideo Ad Feedback They replaced the Trevi fountain and tourists are ‘disappointed’ 01:17 - Source: CNNThe Trevi fountain might be the most famous tourist attraction in a city packed to the brim with tourist attractions. However, recent visitors to the famous fountain were less than impressed with what they found.
Persons: Menendez, Lyle, Erik Menendez, Jose, Kitty, , I’m, Toni Ricci, “ We’re, Arvin Wan, , gua bao, Trevi, you’ve, Haggis, Moo Deng, There’s, George Clooney, Alicia Park Organizations: CNN, Michelin, Netflix, Beverly Hills, Edinburgh Zoo, Royal Zoological Society of Scotland Locations: Beverly Hills, Beverly, Argentina, Guatemala, Colombia, Sweden, United States, Taiwan, Taichung, Rome, India, Costa Rica, It’s, Lake Como, Jaywalking, New York City
A suicide bomber blew himself up at a train station in restive southwestern Pakistan on Saturday, killing at least 24 people, including security officers, and wounding about 50 others, some critically, officials said. A separatist group, the Balochistan Liberation Army, claimed the attack in a statement, saying a suicide bomber targeted troops present at the railway station. Police said about a dozen security forces are also among the dead. The group often demands the halt of all Chinese-funded projects and for workers to leave Pakistan to avoid further attacks. Last month, BLA claimed responsibility for a suicide bombing that targeted a convoy with Chinese nationals outside the Karachi airport, killing two.
Persons: Hamza Shafqaat, Ayesha Faiz, Shahid Rind, Shehbaz Sharif, BLA Organizations: Balochistan Liberation Army, Islamabad . Police, Baloch, Initiative Locations: restive, Pakistan, Rawalpindi, Quetta, restive Balochistan, Balochistan, Islamabad, Beijing’s, Karachi, Beijing
CNN —The Justice Department on Friday announced federal charges in a thwarted Iranian plot to kill Donald Trump before the presidential election. According to court documents, Iranian officials asked Farhad Shakeri, 51, in September to focus on surveilling and ultimately assassinating Trump. But IRGC officials told Shakeri on October 7 to focus only on Trump, court documents say, and that he had seven days to formulate an assassination plan. Shakeri would pay these criminal associates, like his two co-conspirators, to monitor the victims Iranian officials sought to assassinate, according to court documents. Correction: An earlier version of this story stated that all three men were specifically charged in the plot against Donald Trump.
Persons: Donald Trump, Farhad Shakeri, Trump, Shakeri –, , Shakeri, Carlisle Rivera, Jonathan Loadholt, General Merrick Garland, Christopher Wray, ” Garland, , Qasem, , Masih Alinejad, Alinejad, Rivera, Loadholt Organizations: CNN, The Justice Department, Justice Department, Prosecutors, Iran’s Revolutionary Guard Corps, Trump, Justice, FBI Locations: Iran, Afghan, Tehran, New York, United States, US, New, American, Sri Lanka, New York City
Inflation data in the week ahead could determine whether a stock market that surged to all-time highs after Donald Trump 's decisive victory can continue to push higher. Meanwhile, the October producer price index, which excludes shelter, is set to have risen 0.3%, consensus estimates show, up from a 0.0% reading the prior month. Initial Claims (11/09) 8:30 a.m. Producer Price Index (October) Earnings: Applied Materials , Walt Disney Friday, Nov. 15 8:30 a.m. Export Price Index (October) 8:30 a.m. Import Price Index (October) 8:30 a.m.
Persons: Donald Trump, Hogan, We've, Nancy Tengler, Bitcoin, Harker, Tyson, Price Organizations: Federal Reserve, Riley Wealth Management, FactSet, Laffer, Investments, Trump, Dow Jones, Nasdaq, Atlanta Fed, Treasury, Philadelphia Reserve, Carnegie Mellon, Occidental Petroleum, Nation Entertainment, Tyson Foods, Mosaic, Treasury Budget NSA, Cisco Systems, Walt Disney, Price, Retail, Manufacturing Locations: China, U.S
CNN —Like many other Middle Eastern economies, Bahrain has been trying to move away from its dependence on fossil fuels. In October, the National Bank of Bahrain launched a Bitcoin investment fund, aimed at institutional investors — a first for the GCC. At the Gateway Gulf event, Bahrain’s Minister of Tourism announced the construction of 16 new hotels totaling over 3,000 rooms. However Al Khalifa believes that the success of its GCC partners will ultimately prove beneficial for Bahrain. “All of us are working together to increase economic activity, increase the pie for the whole region, and this rising tide will lift all of the economies of the region.”
Persons: ” Shaikh Salman bin Khalifa Al Khalifa, CNN’s Richard, , ” Al Khalifa, , Steffen Hertog, Abu Dhabi, Hertog, Al Khalifa Organizations: CNN, Bahrain’s, Finance, National, Gulf Cooperation Council, United, United Arab Emirates, GCC, World Bank, National Bank of, Tourism, London School of Economics, Political Science, Locations: Bahrain, Gateway, ” “ Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab, National Bank of Bahrain, “ Dubai, Dubai, Abu, Saudi
SINGAPORE — Vitol is eyeing the metals market with global petroleum demand expected to peak in a decade, signaled Russell Hardy, CEO of Vitol, the world's largest independent energy trader. In contrast to the eventual decline of the crude industry, metals business is going to witness a "great deal of growth through the electrification phase," he added. "So we quite like the idea of being involved in the bigger metal markets. And the three bigger metal markets are steel and iron ore, copper and aluminum," he said. In August, Vitol announced its acquisition of Noble Resources, a Hong Kong-based trader specializing in oil, coal and metallurgical coke, which is used to make iron.
Persons: Russell Hardy, Hardy, Vitol Organizations: Vitol, Financial Times Commodities, Noble Resources, Reuters Locations: SINGAPORE, Singapore, Hong Kong, Mercuria
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStifel: The domestic oil & gas producers have been sticking to extreme fiscal disciplineStifel analyst Stephen Gengaro discusses how oil & gas companies may have to balance President-elect Trump's promise to boost U.S. production against the reality oil prices will likely be lower next year.
Persons: Stephen Gengaro, Trump's
Oil prices fall as Hurricane Rafael expected to start weakening
  + stars: | 2024-11-08 | by ( ) www.cnbc.com   time to read: +1 min
Mobile offshore drilling units stand in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, June 23, 2020. Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will affect U.S. oil and gas output declined while the market continues to weigh how President-elect Donald Trump's policies might affect supplies. Brent crude oil futures fell 26 cents, or 0.3%, to $75.37 per barrel by 0209 GMT. U.S. West Texas Intermediate (WTI) crude gained 35 cents or 0.5% to $72.01. A strong dollar makes oil more expensive for other currency holders and tends to weigh on prices.
Persons: Donald Trump's, Brent, Rafael Organizations: . West Texas, U.S, National Hurricane Center Locations: Port, Cromarty, Gulf, Mexico, Brent, of Mexico, U.S, Iran, Venezuela, China
Weeks after sticky black balls washed up on the famed beaches of Sydney, Australia, scientists say they have partly solved the mystery behind the “disgusting” blobs. Initially thought to be tar balls, the golf-ball-size debris turned out to be something much different — a combination of decomposed cooking oils, hair and food waste, the New South Wales Environment Protection Authority (EPA) said Wednesday. Balls collected for testing in a laboratory at the University of New South Wales in Sydney. They said preliminary test results indicated that the blobs were tar balls formed when oil comes into contact with debris and water. Sydney Water confirmed there were no issues at the Bondi or Malabar water facilities, while Transport for NSW Maritime reviewed recent weather patterns but found no clear answers, according to the statement.
Persons: , Balls, Jonathan Beve, , William Alexander Donald, Donald, we’re, ” Donald Organizations: New South, New South Wales Environment Protection Authority, University of New, Authorities, University of New South Wales Sydney, NBC News, Sydney Water, Transport, NSW Maritime Locations: Sydney, Australia, New South Wales, University of New South Wales, Bondi, University of New South, Victoria, Malabar
HAVANA — Cuba’s national electrical grid collapsed on Wednesday as Hurricane Rafael slammed into the island’s southwest shore, packing sustained winds of 115 mph and wreaking havoc on the already crisis-stricken country. The hurricane was churning about 60 miles west of Cuba’s capital Havana on Wednesday night, after lashing the capital city of nearly two million people with driving rain and violent wind gusts. The Miami-based National Hurricane Center warned of a “life-threatening storm surge, damaging hurricane-force winds and flash flooding” across much of western Cuba. Cuba’s state-run grid operator UNE said the high winds had caused the country’s electrical system to collapse. Forecasters predict Rafael will spin off towards the western Gulf of Mexico later this week, though the track remains uncertain, the hurricane center said.
Persons: Rafael, Havana’s Jose, Ydael Pérez Brito, Oscar, Adalbero Roque Organizations: Hurricane Center, Police, Havana’s Jose Marti International Airport, Pinar del, Farmers, Agriculture, Communist, Getty Locations: HAVANA, Cuba’s, Havana, Miami, Cuba, State, Varadero, Cayo Largo, Artemisa, Pinar del Rio, AFP, Venezuela, Russia, Mexico, Cayman Islands, Gulf
Steven Mnuchin, who held the post throughout Trump's first term from 2017-21, told CNBC that he sees those items as critical to the Republican's agenda. Tax cuts are "a signature part of his program," Mnuchin said in a "Squawk Box" interview. Also on the agenda would be tariffs, which Trump implemented on multiple items during his first term and promised to do again. Finally, he indicated that nations such as Iran and Russia can expect to see sanctions again. In the case of Iran, they're now selling millions of barrels of oil, which needs to be stopped," Mnuchin said.
Persons: Donald Trump, Steven Mnuchin, Mnuchin, Trump, they're, that's Organizations: CNBC, Islamic Revolutionary Guard, Liberty Strategic Capital Locations: China, Iran, Russia
Global trade changed considerably over the past four years — benefiting India — as President Joe Biden retained much of Trump's tariffs on China. EnergyOn the one hand, analysts expect Indian interests to be aligned with those of the United States regarding oil prices . Trump's previous term in office, whether intentionally or coincidently, saw moderate to low oil prices. As India imports over 90% of its oil needs, New Delhi will likely welcome any move by the U.S. to keep oil prices low. A quick resolution of the war in Ukraine — Trump's campaign promise — would also prove to be negative for oil prices.
Persons: Narendra Modi, Donald Trump, Narendra Modi's, Joe Biden, Macquarie, Aditya Suresh, Trump, Uncle Sam, Samiran Chakraborty, Baqar Zaidi, Ukraine —, , Sanjeev Prasad Organizations: India's, U.S, Manufacturing, Global, Observer Research Foundation, Treasury, Indian, Citi, Companies, Tata Consultancy Services, HCL Tech, Infosys, Energy, Suzlon Locations: Hyderabad, New Delhi, India, China, U.S, Mumbai, United States, Ukraine
Wondering what stocks might do well the rest of this year as America awaits Donald Trump take office for a second time in January? Others were high-beta growth stocks that can ride a broad market rally and benefit from corporate tax rates. Most analysts surveyed by LSEG hold buy ratings, but they expect KeyCorp shares to slide by more than 5% after their rally this year. Between Nov. 7 and the end of that year, KeyCorp shares ran up more than 25%. CarMax is a cyclical stock that should benefit from both deregulation and the rising tide for high-beta stocks.
Persons: Donald Trump, , Ebrahim Poonawala, financials, Poonawala, Bernstein, Bob Brackett, there's, Citigroup's Andrew Kaplowitz, Kaplowitz, Wednesday's, LSEG, Keycorp, Keith Horowitz, KeyCorp, CarMax Organizations: CNBC, Trump, White, Bank of America, Energy, Dow, Targa Resources, Citigroup Locations: Cleveland
Traditionally Republicans have been more significant friends of the oil and gas industry. Increasing domestic oil production would theoretically achieve several goals for the new administration: increase domestic economic activity and employment, increase domestic energy security, and lower oil and gas prices. Interestingly, oil and gas production in the United States right now, the world's largest producer, has never been higher, and oil and gas prices, while well above pre-COVID levels, have stabilized. The incoming Trump administration will likely reduce federal regulations on drilling, pipeline development, and environmental protections that limit the expansion of oil and gas projects. This infrastructure investment benefits the oil services industry by enabling more accessible transport and new development projects, which Biden canceled.
Persons: Trump, Kamala Harris's, Biden, YTD We'll Organizations: Republicans, Trump, Keystone XL, Dakota, Schlumberger, Schlumberger Ltd, HAL, CNBC, NBC UNIVERSAL Locations: Pennsylvania, United States, North, Halliburton, North America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCIBC's Rebecca Babin on oil outlook for a second Trump presidencyRebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss oil outlook ahead of the opening bell on Thursday.
Persons: Rebecca Babin, Trump Organizations: CIBC Private Wealth
CNN —Three people have been charged in Argentina for crimes related to the death of Liam Payne, a former member of the boyband One Direction, according to the public prosecutor’s office. The British pop star, who was 31, died on October 16 after falling from the third floor of a hotel in Buenos Aires, Argentina. The late singer had alcohol, cocaine, and a prescription antidepressant in his system before his death, according to the prosecutor’s statement. The first individual is someone whom authorities believe spent time with Payne “on a daily basis” during his visit to Buenos Aires. Payne’s cell phone also underwent a “forensic extraction,” and authorities were able to analyze calls, text messages, chats in messaging and social media apps, the prosecutor’s office wrote.
Persons: Liam Payne, , Payne, Payne “, Liam Payne's, Payne rocketed, Harry Styles, Louis Tomlinson, Niall Horan, Zayn Malik Organizations: CNN, Correctional Prosecutor’s, , CasaSur Palermo, CNN Investigators Locations: Argentina, British, Buenos Aires, South America
CNN —Hours after former President Donald Trump was declared the winner of the 2024 election, the Biden administration moved Wednesday to limit oil drilling in Alaska’s Arctic National Wildlife Refuge. Oil drilling had been banned for decades in the Arctic refuge — a pristine natural region in northeast Alaska home to a wide range of threatened species. But a law passed during the first Trump administration required the federal government to hold two lease sales there for fossil fuel drilling. The Biden administration signaled Wednesday it plans to move forward with a 400,000-acre auction — the lowest acreage it could legally offer. “Today’s action by the Biden administration better protects the Arctic Refuge, and for that, we are grateful,” said Kristen Miller, executive director of Alaska Wilderness League.
Persons: Donald Trump, Biden, Trump, Joe Biden, , , Kristen Miller, Josiah Patkotak Organizations: CNN, Wildlife, Interior Department, Trump, House, Alaska Wilderness League, Biden administration’s Department of the, North Slope Borough Locations: Alaska, Slope, North Slope
Investors boosted stocks after Donald Trump won a second term. But investors shouldn't depart from their long-term investing plan, Morningstar's Dave Sekera says. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But even as prices soar, it's important not to get caught up in the mania beyond your normal risk tolerance, warns Morningstar Senior US Market Strategist Dave Sekera. "The small-cap space, even with today's bump, it's still the most undervalued part of the market in our view," he said.
Persons: Donald Trump, shouldn't, Dave Sekera, , Morningstar, Sekera, Trump, aren't, Goldman Sachs, shouldn't overreact, John Rekenthaler, Joe Biden, That's, it's Organizations: Service, Dow Jones, White Locations: bullishness
Gavin Newsom, a fierce critic of former President Donald Trump, on Thursday called for lawmakers to convene a special session later this year to safeguard the state’s progressive policies on climate change, reproductive rights and immigration ahead of another Trump presidency. The move — a day after the former president resoundingly defeated Vice President Kamala Harris in the presidential race — effectively reignited California’s resistance campaign against conservative policies that state Democratic leaders started during the first Trump administration. California’s move is part of a growing discussion among Democratic state officials across the country seeking to protect policies that face threats under Trump’s leadership. Newsom and Democratic lawmakers said they are acting now to shield the state’s policies that have made it a leader in the nation. “He wants to be seen as a political revivalist, and so that puts him front and center,” McCuan said.
Persons: , Gavin Newsom, Donald Trump, Trump, resoundingly, Kamala Harris, ” Newsom, “ Trump, California’s, Kathy Hochul, Letitia James, ” Hochul, Hochul, Maura Healey, Andrea Campbell, JB Pritzker, ” Pritzker, Newsom, , Harris, Pro Tempore Mike McGuire, Rob Bonta, Trump’s, David McCuan, won’t, ” McCuan Organizations: Democratic, Associated Press, Republican, Senate, Gov, Trump, , Illinois Gov, White House, Pro Tempore, America, State, White, Sonoma State University Locations: Sacramento, California, New York, State, New, Massachusetts, Chicago, Illinois, ” California, America, Southern California, U.S
Donald Trump has previously said he could end the war in Ukraine in a day, but never detailed how. Trump's advisors have reportedly set out plans, including setting up a demilitarized zone. AdvertisementDonald Trump is the new US president-elect — and his advisors are laying out plans on how to end the war in Ukraine, according to The Wall Street Journal. Under that plan, Ukraine would also pledge not to join NATO for at least 20 years in exchange for continued US weapons deliveries, they said. Trump has repeatedly said he could end the war in Ukraine within 24 hours by forcing Russia and Ukraine to negotiate a peace deal — but has never detailed how he would go about it.
Persons: Donald Trump, , JD Vance, Shawn Ryan, Vance, Trump, Vladimir Putin, Volodymyr Zelenskyy, Joe Biden's, Keith Kellogg, Fred Fleitz, Fleitz, Putin doesn't, Steven Cheung, Donald Trump's, didn't, Kurt Volker, Putin, Volker Organizations: Street Journal, Trump, Service, Wall Street, NATO, UN, Ukraine wouldn't, Kyiv, National Security, Reuters, Fox News, of America, Kyiv Independent Locations: Ukraine, Trump, Russia, Russian, Germany, Mar, Lago , Florida
Oil prices regain ground as investors eye U.S. election fallout
  + stars: | 2024-11-07 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices edged up on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and higher inventories. Brent crude oil futures rose 26 cents, or 0.35%, to $75.18 per barrel by 0125 GMT. Trump's election had initially triggered a sell-off that pushed oil prices down by more than $2 as the U.S. dollar rose to its highest level since September 2022. Donald Trump is expected to reimpose his "maximum pressure policy" of sanctions on Iranian oil. U.S. crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending on Nov. 1, the U.S. Energy Information Administration said on Wednesday, compared with expectations for a 1.1 million-barrel rise.
Persons: Tony Sycamore, Brent, Donald Trump, Trump, Biden, Hurricane Rafael Organizations: U.S, Trump, Brent, . West Texas, IG, U.S . Bureau of Safety, Environmental Enforcement, U.S . Energy, Administration Locations: Gulf, Iran, Venezuela, China, North America, Hurricane, U.S . Gulf, Mexico
CNN —The mystery of the black balls that washed up on some of Sydney’s most iconic beaches last month has now been solved – and it’s more disgusting than you could ever imagine. Australian beachgoers were turned away from seven beaches last month after lifeguards spotted thousands of black spheres, prompting closures and clean-up efforts. People visit Coogee Beach in Sydney, Australia after authorities closed it to the public on October 16, 2024, following the sighting of mysterious black balls on its shores. These Sydney fatbergs were no ordinary fatbergs, however. The blobs contained everything from fecal matter to medication and recreational drugs, the scientists wrote.
Persons: , Jon Beves, Saeed Khan, William Alexander Donald, ” Donald, 9news, Fatbergs, Sydney fatbergs Organizations: CNN, University of New, UNSW, New South, New South Wales Environment, Protection Authority, Sydney, Getty, EPA, “ Authorities Locations: University of New South Wales, New, New South Wales, Bondi, Coogee Beach, Sydney, Australia, AFP, Birmingham,
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