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☆ Trump says Israel's Netanyahu was not prepared for Hamas attack
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Donald Trump, former U.S. president and Republican presidential candidate, looks on at the Club 47 USA event in West Palm Beach, Florida, U.S., October 11, 2023. Speaking to Fox News, Trump, the frontrunner for the 2024 Republican presidential nomination, said Netanyahu "has been hurt very badly" due to the attack. He was not prepared and Israel was not prepared. Trump and Netanyahu had a close relationship during Trump's time as president, though cracks have appeared in their once ironclad rapport. Trump added: "They've gotta straighten it out because they're fighting potentially a very big force, they're fighting potentially with Iran."

Persons: Donald Trump, Marco Bello, Benjamin Netanyahu, Netanyahu, Trump, Trump's, Ron DeSantis, DeSantis, Nathan Layne, Rami Ayyub Organizations: REUTERS, Former U.S, Israeli, Fox News, Trump, Republican, Thomson Locations: West Palm Beach , Florida, U.S, Former, Palestinian, Israel, Gaza, Florida, Iran

☆ Wall Street prepares to dish economic dirt on US
▼ + stars: | 2023-10-12 | by ( John Foley | ) www.reuters.com time to read: +7 min

They are also among the handful of banks which can buy Treasury debt straight from the central bank. That puts leaders like JPMorgan chief Jamie Dimon at the center of the global financial spiderweb. To be sure, the financial statements that the banks will start to release on Friday will be backward-looking. Interest income will reflect the sharp and continued rise of central bank rates, which drag up the price banks must pay for customer deposits and what they charge for loans. It’s a big economic question, since plastic-related debt in the United States hit a record $1 trillion in August.

Persons: Jamie Dimon, Marco Bello, Brian Moynihan’s, Jane Fraser, Wells Fargo, Dimon, Dean Athanasia, Banks, Wells, Peter Thal Larsen, Sharon Lam Organizations: JPMorgan Chase &, Reuters, REUTERS, JPMorgan, Bank of America, Citigroup, of America, Treasury, Citi, Fraser, Reuters Graphics Reuters, Federal Reserve, Federal, Bank of, Reuters Graphics Reuters Graphics Bank, Alpha, Thomson Locations: Miami , Florida, U.S, Wells Fargo, Wells, United States

Trump, a former Republican president who is the frontrunner to become the party's 2024 presidential nominee, called the Lebanese Hezbollah, a sworn enemy of Israel, "very smart" and accused Netanyahu of being "not prepared" for the Hamas attack, which also killed 22 Americans. White House deputy press secretary Andrew Bates called Trump's comments "dangerous and unhinged." Democratic President Joe Biden has condemned the Hamas attack as "an act of sheer evil" and declared his unwavering support for Israel. Trump was annoyed when Netanyahu called to congratulate Biden on winning the 2020 presidential election against Trump, an election Trump still calls fraudulent. Trump said Israel relayed to the United States on the night before the operation that it had decided not to participate.

Persons: Donald Trump, Marco Bello, Benjamin Netanyahu, Trump, Netanyahu, Shlomo Karhi, Karhi, Andrew Bates, Bates, Joe Biden, Ron DeSantis, Trump's, Mike Pence, Asa Hutchinson, TRUMP, NETANYAHU, SOURS Trump, Biden, Israel, Qassem Soleimani, Bibi Netanyahu, Tim Reid, Nathan Layne, Doina Chiacu, Susan Heavey, Jeff Mason, Ross Colvin, Howard Goller Organizations: REUTERS, White, Israeli, Republican, Lebanese Hezbollah, Israel's, Democratic, Israel, Trump, Thomson Locations: West Palm Beach , Florida, U.S, Israel, Iran, Palestinian, Lebanese, Florida, New Hampshire, America, Arkansas, United States, Iraq, Gaza

☆ JPMorgan chief Dimon warns of 'ripple effects' from Middle East violence
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing RightsOct 12 (Reuters) - The conflict in the Middle East will have "ripple effects that extend far beyond the region", JPMorgan Chase's (JPM.N) CEO Jamie Dimon warned in an internal memo to employees seen by Reuters. The deadliest attack on civilians in Israeli history on Saturday has led to a dramatic escalation of violence in the region. Reuters reported earlier this week that JPMorgan told its more than 200 employees in Israel to work from home. The bank is making an initial contribution of $1 million towards relief efforts and will be matching employees' donations, according to the memo.

Persons: Jamie Dimon, Marco Bello, Dimon, Niket, Shilpi Majumdar Organizations: JPMorgan Chase &, Reuters, REUTERS, JPMorgan Chase's, Kan, U.S, JPMorgan, American, Thomson Locations: Miami , Florida, U.S, Gaza, Israel, Bengaluru

☆ Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
▼ + stars: | 2023-10-12 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

Just as they did during the March regional banking crisis, higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures as institutions are forced to pay higher rates for deposits. The issue constrains the bank's interest revenue and has made the lender the worst stock performer this year among the top six U.S. institutions. Expectations on the impact of higher rates on banks' balance sheets varied. Still, others including KBW and UBS analysts said that other factors could soften the capital hit from higher rates for most of the industry. There's also concern that higher interest rates will result in ballooning losses in commercial real estate and industrial loans.

Persons: Jamie Dimon, Marco Bello, Christopher McGratty, David Konrad, McGratty, Morgan Stanley, Betsy Graseck, Konrad, Gerard Cassidy Organizations: JPMorgan Chase &, Reuters, JPMorgan Chase, Citigroup, Bank, Silicon Valley Bank, First, Bank of America, Comerica, Fifth Third Bank, KeyBank, UBS, RBC Locations: Miami , Florida, U.S, Wells Fargo, Silicon, First Republic

☆ LVMH sales growth loses fizz as post-pandemic splurge wanes
▼ + stars: | 2023-10-11 | by ( Mimosa Spencer | ) www.reuters.com time to read: +3 min

People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing RightsPARIS, Oct 10 (Reuters) - Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as a strong wave of post-pandemic spending eases due to rising inflation and economic turbulence. “After three roaring years, and outstanding years, growth is converging toward numbers that are more in line with historical average", LVMH chief financial officer Jean-Jacques Guiony told analysts. The fashion and leather goods division, home to Louis Vuitton and Dior, recorded sales growth of 9%, compared to analysts' expectations for 10% growth. LVMH is the first major global luxury firm to report earnings this quarter and gives investors an insight into what to expect from rivals.

Persons: Louis Vuitton, Marco Bello, Jean, Jacques Guiony, Tiffany, Bulgari, Hennessy, Luca Solca, Bernstein, Guiony, Mimosa Spencer, Ingrid Melander, Josie Kao Organizations: Miami Design District, REUTERS, Rights, Dior, Champagne, drugmaker Novo Nordisk, U.S ., Thomson Locations: Miami , Florida, U.S, United States, Europe, China

☆ LVMH Q3 revenue rises 9%, slowing from post-pandemic frenzy
▼ + stars: | 2023-10-10 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing RightsPARIS, Oct 10 (Reuters) - Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as strong wave of post-pandemic spending eases up amid a backdrop of rising inflation and economic turbulence. LVMH, which owns labels including Louis Vuitton, Dior, Tiffany and Bulgari, said that revenue came to 19.96 billion euros ($21.16 billion), up 9% year-on-year, stripping out the effect of currency fluctuations and acquisitions. The fashion and leather goods division, home to Louis Vuitton and Dior, recorded sales growth of 9%, compared to analysts' expectations for 10% growth. LVMH is facing slowing demand for high end goods in the United States and Europe, where rising prices have prompted shoppers — especially younger generations — to pull back from a post-pandemic spending euphoria, while the recovery in China has been uneven.

Persons: Louis Vuitton, Marco Bello, Tiffany, Bulgari, Hennessy, LVMH, Luca Solca, Bernstein, Mimosa Spencer, Ingrid Melander, Josie Kao Organizations: Miami Design District, REUTERS, Rights, Dior, Champagne, drugmaker Novo Nordisk, Thomson Locations: Miami , Florida, U.S, United States, Europe, China

☆ Nelson Peltz's renewed push for change at Disney is a positive for shareholders
▼ + stars: | 2023-10-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Peltz's Trian Fund Management increased its stake in Disney to more than 30 million shares, worth about $2.5 billion, CNBC reported Monday . The firm is also planning to push for multiple board seats at Disney, including a spot for Peltz. Disney's stock performance has been "lousy" Jim Cramer said Monday, falling 15% since Iger's return back to the helm in November 2022. DIS 1Y mountain Disney's 1-year stock performance. We are expecting a lackluster fiscal fourth quarter from Disney as Iger continues to iron out the multiple wrinkles he's facing.

Persons: Nelson Peltz, Bob Iger, Peltz's, That's, Peltz, Iger, Jim Cramer, Jim, Disney, Bob Chapek, we've, Patience, he's, haven't, Jim Cramer's, Marco Bello Organizations: Club, Disney, Peltz's Trian, Management, CNBC, Fox, Industry, ESPN, Trian Partners, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Getty Locations: Miami , Florida

☆ Carnival's fuel costs overshadow better annual forecast on cruise boom
▼ + stars: | 2023-09-29 | by ( Juveria Tabassum | ) www.reuters.com time to read: +3 min

The Carnival cruise ship Sunrise is seen docked at Miami Port, in Miami, Florida, U.S., June 18, 2022. Unlike other major cruise operators, Carnival does not hedge against volatility in oil prices. The company was "not thinking" about fuel hedging at this point, CFO David Bernstein told Reuters in an interview. Instead, to reduce the fuel burn, Carnival was looking at fuel optimization technologies and enhancing itineraries, Bernstein added. CRUISE DEMAND THRIVESCruise operators have benefited from pent-up travel demand following the pandemic and travelers looking for better vacation deals.

Persons: Marco Bello, Morningstar, Jaime Katz, David Bernstein, Bernstein, Alex Brignall, Joshua Weinstein, Carnival, Juveria Tabassum, Devika Syamnath, Shweta Agarwal Organizations: Miami Port, Rivals, Cruise Lines, Royal, Reuters, Thomson Locations: Miami , Florida, U.S, Royal Caribbean, Atlantic

☆ Carnival trims loss forecast as strong cruise demand cushions fuel hit
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

The Carnival cruise ship Sunrise is seen docked at Miami Port, in Miami, Florida, U.S., June 18, 2022. Still, its shares fell about 4.7% as Carnival forecast an unfavorable net impact of $130 million in the fourth quarter from higher fuel prices and unfavorable currency exchange rates. Unlike other major cruise operators, Carnival does not hedge against volatility in oil prices. Carnival posted third-quarter profit of $1.07 billion, or 79 cents per share, compared with a loss of $770 million, or 65 cents per share, a year earlier. Its quarterly revenue of $6.9 billion beat estimates of $6.69 billion, according to LSEG data, and also hit a record high.

Persons: Marco Bello, David Bernstein, Alex Brignall, Carnival, Juveria Tabassum, Devika Organizations: Miami Port, Cruise, Cruise Lines, Royal, Thomson Locations: Miami , Florida, U.S, Royal Caribbean, Atlantic

☆ Carnival trims annual loss forecast on high demand, ticket prices
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

The Carnival cruise ship Sunrise is seen docked at Miami Port, in Miami, Florida, U.S., June 18, 2022. Unlike other major cruise operators, Carnival does not hedge against volatility in oil prices. Cruise operators, therefore, have a lot of room to hike prices and still stay cheaper than land vacations. Carnival posted third-quarter profit of $1.07 billion, or 79 cents per share, compared with a loss of $770 million, or 65 cents per share, a year earlier. Carnival now expects annual loss per share between 12 cents and 4 cents, compared with its previous forecast for a loss between 20 cents and 8 cents.

Persons: Marco Bello, Juveria Tabassum, Devika Organizations: Miami Port, Cruise Lines, Royal, Redbrun, Cruise, Thomson Locations: Miami , Florida, U.S, Royal Caribbean

"I think the potential for unintended harm from the use of AI exists in any federal agency and in any use of AI," said DHS Chief Information Officer Eric Hysen. And when we interact with people, it can be during some of the most critical times of their lives." Historically, academics have flagged the dangers of AI regarding racial profiling and because it can still make errors while identifying relationships in complex data. The guidelines will also require that facial recognition matches discovered using AI technology be manually reviewed by human analysts to ensure their accuracy, according to a new directive that the agency plans to release alongside the AI memo later on Thursday. Another area where DHS has already uses AI technology extensively is on the southern border, where the agency has deployed more than 200 surveillance cameras, said Hysen.

Persons: Marco Bello, Alejandro Mayorkas, Eric Hysen, Hysen, Alexandra Alper, Christopher Bing, Chizu Organizations: U.S . Department of Homeland Security, REUTERS, Rights, Department of Homeland Security, Customs, Border Patrol, DHS, Thomson Locations: Mexico, U.S, Del Rio , Texas, California's San Isidro Port

☆ JPMorgan CEO Jamie Dimon blasts draft US bank capital rules
▼ + stars: | 2023-09-11 | by ( Nupur Anand | Thomson Reuters | Nupur Anand Is A U.S. Banking Correspondent At Reuters In New York. She Focuses On Jpmorgan Chase | ) www.reuters.com time to read: +3 min

[1/2] Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello Acquire Licensing RightsCompanies JPMorgan Chase & Co FollowNEW YORK, Sept 11 (Reuters) - JPMorgan Chase (JPM.N) CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth. "I wouldn't be a big buyer of a bank," the chief of the largest bank in the U.S. added, drawing laughter from the audience. Dimon questioned what the regulators were trying to accomplish with the rules. Reporting by Nupur Anand; editing by Lananh Nguyen, Megan Davies, Jonathan Oatis and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Jamie Dimon, Marco Bello, JPMorgan Chase, Dimon, Nupur Anand, Lananh Nguyen, Megan Davies, Jonathan Oatis, Jamie Freed Organizations: JPMorgan Chase &, Reuters, REUTERS, JPMorgan Chase, JPMorgan, First, Federal Reserve, Federal Deposit Insurance Corp, Thomson Locations: Miami , Florida, U.S, New York, China, Ukraine

☆ Number of billion-dollar weather disasters in US blows through annual record with four months left in the year
▼ + stars: | 2023-09-11 | by ( Ella Nilsen | ) edition.cnn.com time to read: +15 min

This year’s billion-dollar disasters have caused 253 direct and indirect fatalities and have resulted in $57.6 billion in damage, NOAA data shows. Joe Raedle/Getty Images Ken Kruse looks out at floodwaters surrounding his apartment complex in Tarpon Springs, Florida, on August 30. Joe Raedle/Getty Images Florida's Fort Myers Beach is seen during high tide ahead of Hurricane Idalia on August 29. Eva Marie Uzcategui/Bloomberg/Getty Images Shelves are left empty at a Target store in Gainesville, Florida, on August 29. Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11.

Persons: CNN — It’s, Idalia, Hilary, Rachel Cleetus, ” Cleetus, Cristobal Herrera, Shutterstock, Sean Rayford, Cheney Orr, Reuters Jewell Baggett, Ulashkevich, EFE, Thomas Simonetti, Jack Lemburg, Richard Burkhart, Douglas R, Clifford, Zuma Press Donnye Franklin, Joe Raedle, Rebecca Blackwell, Ron DeSantis, Savannah Alderman Nick Palumbo, Ken Kruse, Hurricane Idalia, Eva Marie Uzcategui, Christian Monterrosa, Stephen M, Dowell, Reagan Ortagus, Tyler, Bob Self, NOAA Ana Iris Aguiar, Alexandre Meneghini, Marco Bello, Adrees Latif, Samson, Victor Cassano's, Chris O'Meara, Yamil Lage, Sharon Walsh, Doug Engle, Christine Willis, Andrew West, Harvey, Irma, Maria, Adam Smith, Michael, Laura, Ida, Ian, ” Smith, Deanne Criswell, Sarah Salmonese, Go Nakamura, Ken Alba, Jae C, Yuki Iwamura, Patrick T, Fallon, Bryan Anselm, Mike Blake, Matthew A, Foster, Rick Bowmer, Lauren Haley, Makalea Ahhee, Justin Sullivan, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, Criswell, It’s, ” Criswell, Cleetus, ” Organizations: CNN, National Oceanic, Atmospheric Administration, Idalia, NOAA, Tropical, Union of Concerned, “, Tampa Bay Times, ZUMA Press, Reuters, Press, Washington Post, Angels Episcopal Church, Savannah Morning, USA, Network Rescue, Zuma Press, AP Florida Gov, Savannah, Bloomberg, Getty, Duke, Orlando Sentinel, Florida Times, Union, AP, Reuters Pike Electric, Southwest Airlines, Tampa International Airport, Reuters Home Depot, Reuters Fort Myers, Federal Emergency Management, FEMA, Senate, Ukraine, New York Times, Staff, US Army National Guard, Maui Police, Facility, AP Volunteers, Grace Baptist, Volunteers, Los Angeles Times, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News Locations: United States, South, Midwest, California, Horseshoe Beach , Florida, Bend, Tampa, Horseshoe Beach, Perry , Florida, Keaton Beach , Florida, Madison , Florida, Steinhatchee , Florida, Samarra, St, Savannah , Georgia, Savannah, Steinhatchee, Crystal River , Florida, Perry, Crystal, Tarpon Springs , Florida, Mayo , Florida, Tarpon Springs, Myers, Hurricane, Gainesville , Florida, Sumterville , Florida, Johns County , Florida, Florida, NOAA, La Coloma, Cuba, Clearwater , Florida, Playa Majana, Suwannee , Florida, Batabanó, AFP, Guanimar, Ocala , Florida, USA, Reuters Fort Myers Beach, Gulf, Lahaina , Hawaii, Lahaina, Hawaii, Maui, Wahikuli, Wailuku, Kula , Hawaii, Kula, Kihei, West Maui, Grace, Napili, Honokowai, Honolulu, Maalaea, Kahului, Las Vegas, Church, Lahaina Hongwanji

FILE PHOTO: The logo of Chevron is seen at the company's office in Caracas, Venezuela April 25, 2018. Australia is the world's biggest LNG exporter and its main buyers are in Asia. "Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms," a Chevron spokesperson said. Brad Gandy, a spokesperson for the Offshore Alliance, said the union coalition had agreed "in good faith" to the mediated talks, "but after five days Chevron has barely budged". Energy analyst Saul Kavonic said the strikes appeared to be designed to put more pressure on Chevron to cut a deal rather than substantially affect production.

Persons: Marco Bello, Brad Gandy, ratcheting, Saul Kavonic, Renju Jose, Lewis Jackson, Leslie Adler, Jamie Freed, Miral Fahmy, William Mallard Organizations: Chevron, REUTERS, Rights, Woodside Energy, North West Shelf, Offshore Alliance, CHEVRON, Australian, South, Taiwan . Energy, Thomson Locations: Caracas, Venezuela, Australia, U.S, Asia, British, China, Japan, South Korea, Taiwan, Western Australia, Sydney

☆ Biden picks former aviation official to head FAA
▼ + stars: | 2023-09-07 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

REUTERS/Marco Bello/File photo Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - The White House said on Thursday President Joe Biden is nominating a former senior aviation official to head the Federal Aviation Administration (FAA) that has been without a permanent head since April 2022. Biden is tapping Michael Whitaker, currently chief commercial officer for Supernal, a Hyundai company developing an electric air vehicle, who served as a deputy FAA administrator under President Barack Obama. "He knows aviation, he knows safety, he knows the FAA and he knows how to manage and modernize large organizations," he said. Biden's prior nominee to head the FAA Phil Washington withdrew in March after critics said he lacked aviation experience. The Air Line Pilots Association praised Whitaker's nomination and said the FAA needed "permanent, stable leadership that is safety-focused."

Persons: Marco Bello, President Joe Biden, Biden, Michael Whitaker, Barack Obama, Steve Dickson, Mike Whitaker, Pete Buttigieg, Biden's, FAA Phil Washington, Whitaker, Whitaker's, David Shepardson, Tomasz Janowski Organizations: American Airlines, Miami International Airport, Federal Aviation Administration, FAA, REUTERS, Rights, President, Hyundai, Southwest Airlines, Boeing, Cessna, Reuters, Transportation Safety, TWA, United Airlines, Flight, Foundation, The Air Line Pilots Association, Airlines for America, National, Thomson Locations: Florida, Miami , Florida, U.S, San Diego ., San Diego

☆ Chevron Australia LNG workers to begin strikes on Friday
▼ + stars: | 2023-09-07 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

Australia is the world's biggest LNG exporter, and the ongoing dispute over wages and conditions had stoked volatility in gas prices. "Despite the Offshore Alliance giving Chevron plenty of opportunity to sort out (bargaining agreements) ... they will finally be facing their day of reckoning," the union alliance said in a Facebook post. Work stoppages that could reach up to 11 hours will begin from 1 p.m. Perth time (0500 GMT) on Friday and last through Sept. 14. The strike action had been scheduled to begin on Thursday morning but was delayed due to mediation talks hosted by the Fair Work Commission, Australia's industrial umpire. When strike actions begin, the LNG plant will have to be shut down "if there are not competent personnel to undertake handovers during work stoppages," the union said.

Persons: Marco Bello, Renju Jose, Leslie Adler, Jamie Freed Organizations: Chevron, REUTERS, Rights, Offshore Alliance, Perth, Fair, Reuters, South, Thomson Locations: Caracas, Venezuela, Australia, Europe, British, Asia, China, Japan, South Korea, Taiwan, Sydney

☆ What happens to sharks, dolphins, alligators, and other marine life during a hurricane? Experts explain why the storm's aftermath is often more deadly
▼ + stars: | 2023-09-04 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

Hurricanes affect marine life differently, depending on whether they can move or are stationary. After a hurricane, increased levels of freshwater, bacteria, and debris can also harm marine life. A vast array of marine life lives along the Florida peninsula, the US state where hurricanes make landfall most often. What happens to marine life during a hurricane? For example, alligators on Sanibel Island, which Hurricane Ian hit hard, were affected by the saltier ocean water the storm brought on land.

Persons: Melissa May, Rita, Andrew, Valerie Paul, Hurricane Ian, Ian, Paul, Chris Lechowicz, Rivers, Marco Bello Organizations: Service, Florida Gulf Coast University ., National Oceanic, Atmospheric Administration, NOAA, Reuters Hurricanes, Geological Survey, Hurricanes, Smithsonian Marine, Healing, Reuters, NASA Locations: Wall, Silicon, Florida, Gulf of Mexico, Caribbean, Louisiana, Brevard, Estero Bay

☆ Gemini tries to line up other creditors in new Genesis bankruptcy plan -The Information
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +1 min

A man walks past the logo of Gemini Trust, a digital currency exchange and custodian, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello Acquire Licensing RightsSept 1 (Reuters) - Cryptocurrency exchange Gemini is trying to rally other creditors behind a plan to wring more money out of bankrupt crypto lending firm Genesis' parent company, Digital Currency Group (DCG), The Information reported on Friday. DCG, Genesis and Gemini did not immediately respond to Reuters requests for comment. Genesis filed for bankruptcy in January owing at least $3.4 billion to creditors and reached an agreement in principle on a restructuring plan, supported by DCG, and its primary creditors, including Gemini, in February. Genesis and DCG on Tuesday reached an in-principle agreement with Genesis' creditors to resolve claims brought during the crypto lender's bankruptcy.

Persons: Marco Bello, Gemini, DCG, Genesis, Kanjyik Ghosh, Sandra Maler, Gerry Doyle Organizations: Gemini Trust, REUTERS, Digital Currency Group, DCG, Gemini, Thomson Locations: Miami Beach , Florida, U.S, Bengaluru

A view of a damaged house after the arrival of Hurricane Idalia, in Cedar Key, Florida, U.S., August 31, 2023. REUTERS/Marco Bello Acquire Licensing RightsAug 31 (Reuters) - Florida-only insurers such as Citizens Property Insurance anticipate fewer losses from Hurricane Idalia than from previous storms in the state, even as industry experts expect further insurer pullback from the market. "This certainly will not help with ongoing challenges to Florida's insurance market, but it could have been a lot worse," said Steve Bowen, chief science officer at reinsurer broker Gallagher Re. The top 10 U.S. homeowners insurers such as State Farm and Allstate Corp (ALL.N) average only about 4.1% of their premiums in Florida, Moody's said. Reuters GraphicsThe exit of insurers from Florida comes amid a broader pullback from the market, including from reinsurers, according to an Aug. 24 Fitch report.

Persons: Hurricane Idalia, Marco Bello, Ian, Idalia, Moody's, Steve Bowen, Gallagher, Fitch, Noor Zainab Hussain, Manya, Matt Tracy, Shinjini Ganguli, Megan Davies, Matthew Lewis Organizations: REUTERS, Property Insurance, Hurricane, Reuters, Citizens, UBS, Insurance Information Institute, Gallagher Re, Farmers Insurance, Bankers Insurance, Lexington Insurance, AIG, Farmers, Bankers, Farm, Allstate Corp, Insurance, Institute, Manya Saini, Thomson Locations: Cedar Key , Florida, U.S, Florida, Florida's, Coast, Tampa Bay, Jacksonville, Idalia, USA, Lexington, reinsurers, South Carolina, Bengaluru, Washington

☆ Cedar Key: Hurricane Idalia turned a 'haven for artists' into a flooded wreck
▼ + stars: | 2023-08-31 | by ( Eric Levenson | ) edition.cnn.com time to read: +13 min

Thomas Simonetti/The Washington Post/Getty ImagesA view of the flooding in Cedar Key, Florida, on August 30, 2023. Julio Cesar Chavez/ReutersPhotos on the Cedar Key Fire Rescue Facebook account showing some of the early destruction. And unlike Key West, Cedar Key has avoided high-end commercial development along its shores and remains a low-key spot. What Idalia did to Cedar KeyA vehicle was partially submerged after the arrival of Hurricane Idalia in Cedar Key on Wednesday. “Everything is flooded,” Shely Boivin, the manager of a beachfront motel in Cedar Key, told CNN.

Persons: CNN —, ”, Idalia, ” Michael Bobbitt, CNN’s John Berman, Thomas Simonetti, Julio Cesar Chavez, Bobbitt, “, John Muir, ” Muir, Leslie Sturmer, Julio, Cesar Chavez, Reuters Levy, Mayor Heath Davis, “ We’re, ” Bobbitt, ” Heather Greenwood, CNN’s Carlos Suarez, Sean Rayford, Cheney Orr, Reuters Jewell Baggett, Cristobal Herrera, Ulashkevich, EFE, Jack Lemburg, Richard Burkhart, Douglas R, Clifford, Zuma Press Donnye Franklin, Joe Raedle, Rebecca Blackwell, Ron DeSantis, Savannah Alderman Nick Palumbo, Ken Kruse, Hurricane Idalia, Eva Marie Uzcategui, Christian Monterrosa, Stephen M, Dowell, Reagan Ortagus, Tyler, Bob Self, NOAA Ana Iris Aguiar, Alexandre Meneghini, Marco Bello, Adrees Latif, Samson, Victor Cassano's, Chris O'Meara, Yamil Lage, Sharon Walsh, Doug Engle, Christine Willis, Andrew West, Shely Boivin, ” Boivin, ‘, John MacDonald Organizations: CNN, Rescue, Washington Post, Key, USA’s, University of Florida Institute of Food, Agricultural Sciences, WUFT, Reuters, Mayor, Tampa Bay Times, ZUMA Press, Press, Angels Episcopal Church, Savannah Morning, USA, Network Rescue, Zuma Press, AP Florida Gov, Savannah, Bloomberg, Getty, Duke, Orlando Sentinel, Florida Times, Union, AP, Reuters Pike Electric, Idalia, Southwest Airlines, Tampa International Airport, Reuters Home Depot, Reuters Fort Myers, Emergency Locations: Key , Florida, Gulf of Mexico, Cedar, Mexico, Dock, Horseshoe Beach , Florida, Bend, Tampa, Perry , Florida, Keaton Beach , Florida, Horseshoe Beach, Madison , Florida, Steinhatchee , Florida, Samarra, St, Savannah , Georgia, Savannah, Steinhatchee, Crystal River , Florida, Perry, Crystal, Tarpon Springs , Florida, Mayo , Florida, Tarpon Springs, Myers, Hurricane, Gainesville , Florida, Sumterville , Florida, Johns County , Florida, Florida, NOAA, La Coloma, Cuba, Clearwater , Florida, Playa Majana, Suwannee , Florida, Batabanó, AFP, Guanimar, Ocala , Florida, USA, Reuters Fort Myers Beach, Levy

PERRY, Florida, Aug 31 (Reuters) - Cleanup and recovery from Hurricane Idalia began on Thursday along Florida's Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state nearly a year ago. "The bad news type calls we were accustomed to during Ian, those were not happening during this storm," DeSantis said at a late-afternoon news conference on Wednesday. Florida Highway Patrol reported that two motorists had died in separate rain-related crashes early Wednesday before Idalia made landfall. Reuters Graphics[1/3]A vehicle is seen in a canal after the arrival of Hurricane Idalia in Horseshoe Beach, Florida, U.S., August 30, 2023. The same region, featuring a marshy coast and threaded with freshwater springs and rivers, was devastated by a major hurricane in 1896.

Persons: Hurricane Idalia, Idalia, Ron DeSantis, Perry, Ian, DeSantis, Cheney Orr, Jared Perdue, Casey DeSantis, Maria Alejandra Cardona, Marco Bello, Joey Roulette, Rich McKay, Brendan O'Brien, Brad Brooks, Kanishka Singh, Jeff Mason, Nandita Bose, Steve Gorman, Michael Perry Organizations: Hurricane, National Guard, UBS, Florida Highway Patrol, Reuters, REUTERS, HIT, state's Transportation Department, Reuters Graphics Reuters, National Hurricane Center, NHC, Thomson Locations: PERRY, Florida, Gulf Coast, Keaton, Florida's Big Bend, Taylor, Hernando counties, St . Petersburg, Georgia, Horseshoe Beach , Florida, U.S, Florida's, Big Bend, Gulf, Gainesville, Tallahassee, Bend, Hillsborough County, Tampa, Gulf of Mexico, Cuba, South Carolina, North Carolina, Steinhatchee , Florida, Cedar Key , Florida, Tampa , Florida, Atlanta, Chicago, Longmont , Colorado, Washington

STEINHATCHEE, Florida, Aug 30 (Reuters) - Florida's Gulf Coast braced on Wednesday for fierce winds, torrential rain and surging seawater from Idalia, forecast to become "an extremely dangerous" Category 4 hurricane, as it swirled toward a direct hit on the state's Big Bend region. Most of Florida's 21 million residents, and many in the adjacent states of Georgia and South Carolina, were under hurricane warnings and other storm-related advisories. Any storm reaching Category 3 or higher is considered a major hurricane. 1 killer in all of these storms is water," Deanne Criswell, the Federal Emergency Management Agency's administrator, said on CNN. Idalia-related disruptions extended to Florida's Atlantic coast at Cape Canaveral, where the Tuesday launch of a rocket carrying a U.S. Space Force intelligence satellite was delayed indefinitely.

Persons: Kevin Guthrie, Rene Hoffman, Idalia, Steve Pizzano, Adrees Latif, Biden, Ron DeSantis, Irma, Michael, Ian, DeSantis, Milton Bontrager, Maria Alejandra Cardona, Marco Bello, Joey Roulette, Rich McKay, Nelson Acosta, Dave Sherwood, Brad Brooks, Brendan O'Brien, Nandita Bose, Steve Gorman, Gerry Doyle Organizations: Reuters Graphics Reuters, National Hurricane Center, NHC, REUTERS, Federal Emergency Management, CNN, White, Florida, Republican, U.S . Space Force, Tampa International Airport, National Guard, Thomson Locations: STEINHATCHEE, Florida, Idalia, Bend, Gulf of Mexico, Georgia, South Carolina, Steinhatchee , Florida, Miami, Cedar Key , Florida, Gulf Coast, North, Sarasota, Apalachicola Bay ., Clearwater Beach , Florida, U.S, Gulf, Gainesville, Tallahassee, Tampa, St, Petersburg, Cape Canaveral, Cuba, Tampa , Florida, Atlanta, Havana, Guanimar, Longmont , Colorado, Chicago, Washington

☆ Explainer: What to expect when Hurricane Idalia hits Florida Wednesday
▼ + stars: | 2023-08-29 | by ( Julia Harte | ) www.reuters.com time to read: +4 min

[1/5] Men cut plywood in front of a store ahead of the arrival of Hurricane Idalia in Cedar Key, Florida, U.S., August 29, 2023. It is expected to reach Category 3 on the five-step Saffir-Simpson wind scale, qualifying it as a major hurricane, before reaching Florida's Gulf Coast on Wednesday morning, according to the National Hurricane Center (NHC). EVACUATION ZONESAuthorities are scrambling to move thousands of Florida residents out of danger before nightfall. At least 23 Florida counties have posted evacuation orders on their websites or social media pages as of Tuesday morning, including for parts of Tampa. DISRUPTIONSEven Floridians not under evacuation orders should expect disruptions as a result of Idalia, from power outages to shuttered schools and businesses.

Persons: Marco Bello, Idalia, Irma, Michael, Ian, Idalia's, Ron DeSantis, Julia Harte, Andy Sullivan Organizations: REUTERS, National Hurricane Center, NHC, National Guard, Tampa International Airport, Thomson Locations: Cedar Key , Florida, U.S, Florida's Gulf Coast, Florida, Georgia, South Carolina, of Mexico, Cuba, Gulf Coast, Bend, ., Apalachicola Bay, Tampa, Sarasota, Citrus County

☆ Hurricane Idalia: path, map and what to expect when it hits Florida
▼ + stars: | 2023-08-29 | by ( Julia Harte | ) www.reuters.com time to read: +4 min

[1/5] Men cut plywood in front of a store ahead of the arrival of Hurricane Idalia in Cedar Key, Florida, U.S., August 29, 2023. WHAT ARE 'STORM SURGES' and 'KING TIDES'? "Storm surges" occur when high winds and atmospheric pressure from an oncoming hurricane force ocean water onto land. Reuters GraphicsEVACUATION ZONESAuthorities are scrambling to move thousands of Florida residents out of danger before nightfall. Florida Governor Ron DeSantis has declared a state of emergency for 46 Florida counties.

Persons: Marco Bello, Idalia, Irma, Michael, Ian, Idalia's, Ron DeSantis, Julia Harte, Andy Sullivan, Cynthia Osterman, Bernadette Baum Organizations: REUTERS, NHC, National Guard, Tampa International Airport, Thomson Locations: Cedar Key , Florida, U.S, Florida, Bend, Georgia, South Carolina, Cuba, ., Apalachicola Bay, Tampa, Sarasota, Citrus County

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