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☆ Asia markets mostly lower after Federal Reserve holds rates; Yen strengthens further
▼ + stars: | 2024-05-02 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

An employee works at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 13, 2022. Asia-Pacific stock markets were largely lower on Thursday, after the U.S. Federal Reserve opted to hold interest rates steady at the end of its two-day meeting. Fed Chair Jerome Powell ruled out the possibility of a rate hike, easing worries over the central bank likely not being able to rein in inflation. Focus will be on the Japanese yen , which had a volatile start to the week amid suspected government intervention to prop up the currency on Monday. It was last trading at 155.83 against the U.S. dollar.

Persons: Jerome Powell Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, U.S . Federal, U.S . Locations: Tokyo, Japan, Asia, Pacific

☆ Biden calls US ally Japan ‘xenophobic’ along with Russia and China
▼ + stars: | 2024-05-02 | by ( Arlette Saenz | ) edition.cnn.com time to read: +2 min

CNN —President Joe Biden on Wednesday called close US ally Japan “xenophobic” at a Washington, D.C., fundraiser, just weeks after lauding the US-Japan alliance at a state dinner. The president made the remark while arguing that Japan, along with Russia and China, would perform better economically if the countries embraced immigration more. Because we welcome immigrants,” Biden said, according to reporters traveling with the president at a fundraiser with Asian American and Pacific Islander supporters. Immigrants are what makes us strong.”Biden had similarly cast Japan, Russia and China as “xenophobic” during an interview with a Spanish language radio station in March. The latest critique of Japan comes less than a month after he hosted Japanese Prime Minister Fumio Kishida for a state visit.

Persons: Joe Biden, ” Biden, “, ”, Fumio Kishida, Biden, Jessie Yeung Organizations: CNN, D.C, American, Pacific, Immigrants, Japanese, White House Locations: Japan, Washington, Russia, China

☆ Biden blames China, Japan and India's economic woes on 'xenophobia'
▼ + stars: | 2024-05-02 | by ( ) www.cnbc.com time to read: +1 min

President Joe Biden said on Wednesday that "xenophobia" from China to Japan and India is hobbling their growth, as he argued that migration has been good for the U.S. economy. President Joe Biden said on Wednesday that "xenophobia" from China to Japan and India is hobbling their growth, as he argued that migration has been good for the U.S. economy. "One of the reasons why our economy's growing is because of you and many others. Because we welcome immigrants," Biden said at a Washington fundraising event for his 2024 re-election campaign and marking the start of Asian American, Native Hawaiian and Pacific Islander Heritage Month. "Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they're xenophobic.

Persons: Joe Biden, Biden Organizations: Pacific Islander Heritage, Immigrants, Monetary Fund Locations: China, Japan, India, U.S, Washington, Hawaiian, Russia

Banks jumped 0.8%, while oil and gas stocks retreated 1%. European stocks opened mixed on Thursday as global markets react to the U.S. Federal Reserve's latest monetary policy decision and a slew of corporate earnings. Federal Reserve Chair Jerome Powell said it was unlikely that the central bank's next move will be a rate hike. Asia-Pacific markets were mostly higher overnight as traders reacted to the Fed's stance, while U.S. stock futures advanced as investors looked ahead to more corporate earnings due Thursday. Dutch bank ING was 5% higher in early deals after announcing a 2.5 billion euro ($2.7 billion) share buyback.

Persons: Banks, Jerome Powell, It's, Vestas, Hugo Boss Organizations: U.S, U.S . Federal, Dow, region's, Novo Nordisk, Shell, ING, AXA, ArcelorMittal Locations: London, U.S ., Asia, Pacific, Europe

☆ Kenya floods: Maasai Mara visitors stranded as death toll nears 200
▼ + stars: | 2024-05-02 | by ( Larry Madowo | Rob Picheta | ) edition.cnn.com time to read: +4 min

CNN —Staff and visitors have been left stranded and buildings submerged at Kenya’s famous Maasai Mara nature reserve, as the death toll in catastrophic flooding in the country’s southwest rose to at least 188 people. Local authorities ordered some tourist facilities in the National Reserve to close after River Talek, one of the tributaries of the Mara River, burst its banks and swept through more than a dozen riverside tourist lodges and camps. In Maasai Mara, camp owners were told to leave the affected properties and “move to higher ground further away from River Talek,” governor of Narok county Patrick Ole Ntutu said on Wednesday. Parts of Maasai Mara National Reserve were left submerged by the flooding. Authorities said they had deployed two helicopters to rescue stranded tourists and local staff around the national reserve after receiving distress calls.

Persons: Mai Mahiu, Isaac Mwaura, Susan Kihika, Mara, Patrick Ole Ntutu, Bobby Neptune, Luis Tato, Kipkech Lotiatia, Bush, James Apolloh Omenya, couldn’t, “, X, El Niño, Jagan Chapagain, ”, Nyagoah Tut Organizations: CNN — Staff, National Reserve, CNN, Mara National Reserve, Authorities, Cross, Paramilitary, ”, Youth Service, ” International Federation of Red, Red Crescent Societies, Human Rights, “ Kenyan Locations: Mara, Kenya, Nairobi, Mai, Nakuru County, ”, Narok, AFP, Talek, Kenya’s, Africa, East Africa, Tanzania, Burundi, “ Kenya, Nyagoah Tut Pur

☆ Trade in Europe expected to be thinner on public holiday but Fed rate decision looms
▼ + stars: | 2024-05-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Light trading volumes are expected in Europe on Wednesday, with only London's FTSE index open, due to the May Day/Labor Day public holiday in the region. Nonetheless, global markets are focused on the U.S. Federal Reserve's latest interest rate announcement after the central bank's monetary policy committee concludes a two-day meeting later on Wednesday. The latest interest rate decision follows another hotter-than-expected U.S. inflation reading last Friday. S&P 500 futures slipped Tuesday night as investors looked ahead to the Federal Reserve's rate policy decision. In the Asia-Pacific region overnight, Australian and Japanese markets fell as investors braced for the Fed's rate decision.

Persons: Jerome Powell Organizations: Labor, U.S, U.S . Federal Locations: Europe, U.S ., Asia, Pacific

☆ Fujian: China’s newest aircraft carrier heads to sea for first time
▼ + stars: | 2024-05-01 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

Seoul, South Korea CNN —China’s newest, largest and most-advanced aircraft carrier, the Fujian, took a big step to joining the world’s largest naval fleet on Wednesday as it set out from Shanghai for its first sea trials. “The sea trials will primarily test the reliability and stability of the aircraft carrier’s propulsion and electrical systems,” read an announcement from the state-run Xinhua news agency on Wednesday. The warship was launched in 2022 and has “completed its mooring trials, outfitting work and equipment adjustments” working up to the latest sea trials, Xinhua said. A tugboat tows China's third aircraft carrier, the Fujian, away from a dock in east China's Shanghai on May 1, 2024. The American aircraft carrier USS Gerald R. Ford is seen from the air anchored in Italy in the Gulf of Trieste on September 18, 2023.

Persons: Li Tang, ”, John Bradford, Carl Schuster, Gerald R Ford, ” Bradford, Gerald R, Ford, Andrej Tarfila, Schuster, ” Schuster, Brian Hart, Yuan Huazhi, John F Kennedy, Doris Miller Organizations: South Korea CNN —, Jiangnan Shipyard, Maritime Safety Administration, Xinhua, Liberation Army, United States Navy, PLAN, Foreign Relations International Affairs, US, Pacific Command’s Joint Intelligence, Nimitz, Ford, Center for Strategic, International Studies, Analysts, American, Chinese Defense Ministry, China Power, CSIS, Times, US Navy, Enterprise Locations: Seoul, South Korea, Fujian, Shanghai, East China, Jiangnan, Shandong, Liaoning, Italy, Gulf of Trieste, China

☆ The US Navy wants a lot more of a missile that just recently scored its first kill to counter Pacific threats like China
▼ + stars: | 2024-05-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The US Navy used its SM-3 missile interceptor in combat for the first time last month. AdvertisementThe US Navy will need a lot more of its SM-3 missile, an interceptor that only recently scored its first-ever kill, to counter Pacific threats like China, the sea service's top civilian official said on Wednesday. The Missile Defense Agency's budget request for FY25 cuts procurement of SM-3 Block IB variant, which became operational a decade ago. During Wednesday's hearing, South Carolina Rep. Joe Wilson referred to this variant as the Navy's "primary defense against tactical ballistic missiles for the Aegis Ballistic Missile Defense" weapons system. AdvertisementThe Navy, however, is already getting a taste of what it's like to battle anti-ship ballistic missiles.

Persons: —, Navy Carlos Del Toro, Del Toro, Joe Wilson, Paul Ignatius, MCS2 Nathan T, Beard Organizations: US Navy, China, Service, Navy, House Armed, Missile Defense Agency, Combat, Missile Defense, South Carolina Rep, Aegis Ballistic Missile Defense Locations: China, Tehran, Israel, Lake Erie, Kauai, Hawaii, Washington, Beijing, American, Iran, Gulf of Aden

☆ Estee Lauder is punished for its light guidance. Here's why we are not joining the sellers
▼ + stars: | 2024-05-01 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Estee Lauder tumbled Wednesday as investors focused on the company's weak fiscal fourth-quarter outlook instead of its strong third-quarter numbers. Estee Lauder Why we own it: We see profitability improving as management executes on its turnaround plan and works to improve gross margin performance. These are signs the worst should be behind Estee Lauder. While full-year adjusted earnings are still expected to decline on an annual basis, Estee Lauder encouragingly bumped up its outlook. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

Persons: Estee Lauder, Fabrizio Freda, Freda, Estee Lauder encouragingly, we're, That's, Estee, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, LSEG, L'Oreal, Chanel, Body, Street, Management, Wall, Japan, CNBC, daimaru, Getty Locations: LVMH, —, Asia, North America, Latin America, Mexico, Brazil, Hong Kong, China, Japan, Mainland China, Nanjing, Shanghai

☆ Why the Miami Grand Prix is the most distinctive race in Formula 1
▼ + stars: | 2024-05-01 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

The Miami Grand Prix, a unique spectacle in Formula 1, is heading into its third year. Heading into its third year, Formula 1's Miami Grand Prix has made a name for itself as a unique spectacle in the sport. But the logistics' massive scope is just one aspect that sets the Miami Grand Prix apart. The marina at the F1 Miami Grand Prix in 2022. Local flavorThe Miami Grand Prix aims to capture the city's flair.

Persons: —, Todd Boyan, Boyan, Tyler, Ricardo Arduengo, Guenther Steiner, Steiner, Mark PETERSON, Haas, We've, It'll Organizations: Miami Grand Prix, Service, Miami, Hard, Miami Dolphins —, Miami Dolphins, Miami Open, Prix, Tyler Epp, Miami Grand, Epp, . Miami, Monaco, Logistics, Haas, Netflix, Miami . F1 Academy, F1 Academy, Beach Club, cabanas, Art, Paddock Club Locations: Jeddah, Saudi Arabia, Miami, South Beach, Art Basel

☆ Starbucks gets a price target cut after a brutal quarterly miss and light guidance
▼ + stars: | 2024-04-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

In Starbucks' international segment, comparable store sales fell 6% and missed estimates of 0.5% growth. The street was looking for flat comparable sales in China, according to FactSet. China comparable sales are expected to decline by a single-digit percentage versus expectations of low single-digit growth in the second quarter through the fourth quarter. Global net new store growth was tweaked down from 6% to 7%. That's due to slower China store openings, which was revised to 12% growth from 13%.

Persons: Laxman Narasimhan, Dunkin, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Revenue, Starbucks, Bros, McDonalds, Wall Street, Global, CNBC, Getty Locations: China, United States, North America, Latin America, Asia, Japan, Manhattan , New York City

☆ We can easily see the Bank of Japan moving in June: State Street Global Markets
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe can easily see the Bank of Japan moving in June: State Street Global MarketsDwyfor Evans, managing director and head of Asia-Pacific macro strategy at State Street Global Markets, discusses how U.S.-Japan interest rate differentials might affect the yen.

Persons: Dwyfor Evans Organizations: Bank of, Global, Street Global Locations: Bank of Japan, Asia, Pacific, Japan

☆ IMF raises its Asia growth forecast for 2024, highlights India's growth and China stimulus as key drivers
▼ + stars: | 2024-04-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

The International Monetary Fund raised its Asia growth forecast for 2024 on Tuesday, as it remained optimistic about India's growth and focused on the need for more stimulus from China. The IMF now expects Asia's economy to grow 4.5% this year, up 0.3 percentage points from six months earlier. The upward revision reflects upgrades for China, the IMF said, where it expects policy stimulus to provide support. India is currently the world's fifth-largest economy with GDP of $3.7 trillion and is aiming to become the world's third-largest by 2027. IMF's Srinivasan also wrote that strong private consumption will continue to drive growth in Asia's other emerging markets.

Persons: Krishna Srinivasan, IMF's Srinivasan Organizations: Monetary Fund, IMF Locations: Asia, China, Pacific, India

☆ Asia markets mostly rise, tracking Wall Street gains; China factory activity data on deck
▼ + stars: | 2024-04-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

An editorial montage of the Japan flag and Japanese yen cash bank notes. Asia-Pacific markets were largely set to extend gains on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers' index for April. The currency weakened to its lowest level against the U.S. dollar yesterday at 160.03, before strengthening sharply to trade around the 155 level. The Wall Street Journal, meanwhile, reported that Japan had intervened to support the yen by selling U.S. dollars and buying yen. Traders will also assess economic data from Japan and South Korea.

Persons: Masato Kanda Organizations: U.S, Street Journal, Traders Locations: Japan, Asia, Pacific, China, South Korea

☆ China's plan to be the dominant power in space is moving at breathtaking speed. The US needs to wake up, officials say.
▼ + stars: | 2024-04-30 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

Read previewAfter a meeting with Japanese and South Korean officials in Tokyo on Friday, US Space Force commander Gen. Stephen Whiting warned about a growing threat. China, he said, is "moving at breathtaking speed in space," and is developing a range of weapons that threaten America's space supremacy, reported Stars and Stripes. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added. Chance Saltzman, Chief of Space Operations at United States Space Force, last year warned against taking US space supremacy for granted. Air Force Lieutenant General Gregory Guillot (L) and US Space Force Lieutenant General Stephen Whiting (R) on July 26, 2023.

Persons: —, Stephen Whiting, They're, Troy Meink, Space.com, Meink, Chance Saltzman, I'm, Saltzman, Whiting, Dominic Chiu, Gregory Guillot, BRENDAN SMIALOWSKI, Donald Trump, Chiu, Artemis, Frank Lucas, Anthony Mastalir, Graeme Thompson, Thompson, Tory Bruno, Arthur Herman, John F, Kennedy, Ronald Reagan, we've Organizations: Service, Korean, Space Force, Business, National Reconnaissance Office, Space Operations, United States Space Force, Eurasia Group, Air Force, US Space Force, House Science, Technology Committee, Brig, US Space Forces, Pentagon, United Launch Alliance, NBC News, Hudson Institute Locations: Tokyo, China, Colorado, Australia, Russia

☆ European markets head for lackluster open ahead of euro zone inflation, GDP data
▼ + stars: | 2024-04-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a lackluster open Tuesday ahead of a busy day of earnings and major data releases in the region. Preliminary euro zone inflation data for April and first-quarter gross domestic product figures for the single currency area are due Tuesday, while earnings come from AF-KLM, Stellantis, Capgemini, Mercedes, VW, Lufthansa, Santander, Caixabank, OMV, HSBC, Glencore and Whitbread, among others. Overnight, Asia-Pacific markets largely rose on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers' index for April. Meanwhile, U.S. stock futures were little changed Monday night after a positive start to the week, as investors brace for megacap earnings, the latest Federal Reserve interest rate decision on Wednesday, and a jobs report. The central bank is broadly anticipated to keep interest rates steady, but traders will be looking to see if Fed Chair Jerome Powell's post-meeting comments are more hawkish after the recent spate of hotter inflation reports.

Persons: Jerome Powell's Organizations: AF, KLM, Stellantis, VW, Lufthansa, HSBC, Glencore, Whitbread Locations: Santander, Caixabank, OMV, Asia, Pacific, China

☆ PG&E Seeks Approval to Sell Stake in Its Power Operations
▼ + stars: | 2024-04-30 | by ( Ivan Penn | More About Ivan Penn | ) www.nytimes.com time to read: +1 min

Pacific Gas & Electric announced plans on Tuesday to sell a minority stake in its power-generation business, part of its strategy to reduce electricity rates, continue wildfire prevention and further develop clean energy. The exclusive deal with the global investment firm KKR is part of PG&E’s plan to transfer its nonnuclear power generation to a newly formed subsidiary, Pacific Generation. The proposals for the subsidiary and the KKR stake require approval by the California Public Utilities Commission and the Federal Energy Regulatory Commission. KKR, which manages $59 billion in assets, operates a global infrastructure business with expertise in the utility and renewable energy industry. PG&E said in a statement that the investment firm’s access to capital gave it the ability to take a long-term approach in its strategies.

Persons: ” Carolyn Burke Organizations: Gas & Electric, KKR, Pacific, California Public Utilities Commission, Federal Energy Regulatory Commission

☆ How Locals Saved ‘the Yosemite of South America’
▼ + stars: | 2024-04-30 | by ( David Gelles | ) www.nytimes.com time to read: +1 min

In central Chile, not far from where the Andes Mountains meet the Pacific Ocean, a vast swath of pristine wilderness is changing hands under the most unusual circumstances. Roberto Hagemann, a Chilean businessman who owns the 325,000-acre property, has agreed to sell the land to his longtime adversaries, a band of upstart environmentalists who spent years thwarting his efforts to develop the property. It is a landmark transaction that will preserve some of the most ecologically significant territory in South America. The deal is also a case study in modern-day conservation. At a moment when ecologically sensitive lands are under threat around the globe, it takes a unique confluence of legal, financial and political resources — plus a bit of luck — to protect them from relentless development.

Persons: Roberto Hagemann, Pucheguin Locations: Chile, Chilean, South America

☆ European markets head for higher open as traders look ahead to Fed meeting
▼ + stars: | 2024-04-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open Monday as investors look ahead to more central bank decisions, earnings and data this week. The U.S. Federal Reserve's latest interest rate announcement will come Wednesday, and follows another hotter-than-expected U.S. inflation reading last Friday. The central bank is widely anticipated to keep the borrowing cost unchanged, but investors will still closely monitor the post-announcement press conference with Chair Jerome Powell. S&P 500 futures inched higher Sunday night as the broad index came off its best week in several months. Overnight, the Japanese yen weakened to 160 against the U.S. dollar as stocks in Asia-Pacific markets climbed.

Persons: Jerome Powell Organizations: U.S, Federal Locations: Asia, Pacific

☆ Johnson’s speakership hangs in the balance as ouster threat looms
▼ + stars: | 2024-04-29 | by ( Clare Foran | ) edition.cnn.com time to read: +4 min

CNN —House Speaker Mike Johnson pushed to pass a major foreign aid package over the objections of hardline conservatives. Looming over Johnson as lawmakers come back to Washington is the question of whether he will face a vote over his ouster. A number of conservatives, however, opposed the legislation — and sending further aid to Ukraine in particular. So far, two other House Republicans have publicly backed the effort — Reps. Thomas Massie of Kentucky and Paul Gosar of Arizona. Over the recess, Johnson appeared to be trying to quell conservative opposition by highlighting his support for causes and positions that motivate the GOP base.

Persons: Mike Johnson, Johnson, Marjorie Taylor Greene, Johnson “, doesn’t, I’ve, ” Johnson, ” Greene, Kevin McCarthy, Marjorie Taylor Greene gaggles, Greene, Kent Nishimura, Thomas Massie of Kentucky, Paul Gosar, Chip Roy, Texas, @SpeakerJohnson, ” CNN’s Kit Maher, Lauren Fox Organizations: CNN —, Louisiana Republican, Republicans, GOP, ” Republican, CNN, Getty, Columbia University Locations: Louisiana, Ukraine, Israel, Washington, Georgia, Washington ,, Taiwan, Paul Gosar of Arizona, Johnson, Columbia

Rescue teams are digging through the mud and debris trying to find survivors near Mai Mahiu, in Kenya’s Nakuru County, Gov. In Mai Mahiu, Kihika said a serious situation was unfolding as floodwaters swept away people and homes. Access to Mai Mahiu, 20 miles north of the capital Nairobi, had been difficult as part of the road had been cut off from recent heavy rains, Kihika said. Other video shows vast flooding around the Tana River, with large parts of the surrounding area underwater. Heavy rains in East Africa have also affected Tanzania and Burundi.

Persons: Susan Kihika, Isaac Maigua Mwaura, Mai Mahiu, Kihika, ” Kihika, Tana, Andre Kasuku, downpours, El Niño, Jagan Chapagain, Kassim Majaliwa Organizations: Kenya CNN —, Gov, CNN, Kenya Red Cross Society, of Education Locations: Nairobi, Kenya, Mai Mahiu, Kenya’s Nakuru County, Mai, Mororo, Tana River, Garissa, North Eastern Kenya, Tana, Kona, Tana River County, East Africa, Tanzania, Burundi, Tanzanian

☆ They Shoot Owls in California, Don’t They?
▼ + stars: | 2024-04-29 | by ( Franz Lidz | ) www.nytimes.com time to read: +2 min

Barred owls have also emerged as a threat to the California spotted owl, a closely related subspecies in the Sierra Nevada and the mountains of coastal and Southern California. In the wilds of British Columbia, the northern spotted owl has vanished; only one, a female, remains. If the trend continues, the northern spotted owl could become the first owl subspecies in the United States to go extinct. In a last-ditch effort to rescue the northern spotted owl from oblivion and protect the California spotted owl population, the U.S. Fish and Wildlife Service has proposed culling a staggering number of barred owls across a swath of 11 to 14 million acres in Washington, Oregon and Northern California, where barred owls — which the agency regards as invasive — are encroaching.

Persons: Karla Bloem, ” Organizations: U.S . Fish, Wildlife Service, Owl Center Locations: Pacific Northwest, California, Sierra Nevada, Southern California, British Columbia, United States, U.S, Washington , Oregon, Northern California, Minnesota

☆ China is gradually amping up its military aggression in a 'boiling frog' strategy, US Indo-Pacific commander says
▼ + stars: | 2024-04-29 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementAquilino, who led US forces in the Indo-Pacific for three years, cited two major conflict points involving China — Taiwan and the Second Thomas Shoal. I've watched it increase in scope and scale, it is not slowing down," Aquilino told the FT. During his tenure overseeing the region, Aquilino repeatedly warned of China as a primary growing danger to its neighbors. Paparo, on his part, has also named China as one of the most pressing threats to US military interests in the region. AdvertisementThe Chinese Embassy in Washington did not immediately respond to a request for comment sent outside regular business hours by Business Insider.

Persons: —, Adm, John Aquilino, Thomas, Aquilino, That's, Samuel Paparo Organizations: Service, Financial Times, Business, Coast Guard, Philippine Coast Guard ship, Pacific Command, Pentagon, Embassy Locations: China, Beijing, Taiwan, Thomas Shoal, Philippines, Spratly Islands, South China, Washington

☆ Canadian Pacific had some of the best intermodal numbers out there, says Jim Cramer
▼ + stars: | 2024-04-29 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Canadian Pacific had some of the best intermodal numbers out there, says Jim Cramer'Mad Money' host Jim Cramer looks at recent earnings out of the transportation and freight space.

Persons: Jim Cramer Organizations: Canadian

☆ Steel bridge: Train derailment shuts down historic Portland, Oregon, bridge
▼ + stars: | 2024-04-29 | by ( Andy Rose | ) edition.cnn.com time to read: +1 min

CNN —A historic bridge in Portland, Oregon, was shut down Monday morning after a derailed train car was seen leaning against a bridge support. Two cars had fully derailed on a Union Pacific line on the east side of the century-old Steel Bridge. “One train car is leaning against bridge structural support column,” Portland Fire and Rescue stated on X. The derailment happened after 35 train cars derailed in New Mexico on Friday, prompting evacuations that lasted until Sunday. Six of the derailed train cars were carrying propane, according to BNSF Railway.

Organizations: CNN, Union, Portland, Union Pacific, . Union Pacific, BNSF Railway, National Transportation Locations: Portland , Oregon, Portland, New Mexico

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