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He added, "Wells Fargo could fetch a higher multiple in the market as a result." A Wells Fargo spokesperson declined to comment on the total number of CIB-related hires across all levels in the division. Wells Fargo and other banks have benefited in recent years as the Federal Reserve began hiking interest rates in March 2022. More recent data indicates that Wells Fargo's investment banking revenue share globally has jumped to No. A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020.
Persons: Wells, Wells Fargo, JPMorgan Chase, Jeff Marks, Charlie Scharf, Scharf, Doug Braunstein, Braunstein, Fernando Rivas, Rivas, Jonathan Weiss, Weiss, Piper Sandler, Wells Fargo's Scharf, NII, Kroger, Scharf's, Scott Siefers, Siefers, Jim Cramer's, Jim Cramer, Jim Organizations: Wall, CNBC, JPMorgan, CIB, Wells, North American Investment Banking, Barclays, Deutsche Bank, Suisse —, Management, Federal Reserve, Fed, Albertson's, Federal Trade Commission, Currency Locations: Wells Fargo, Americas, U.S, IPOs, Wells, New York City
Virgin Voyages faces backlash after a free cruise winner said she has to pay $8,000 in flight costs. The cruise line's Australia voyages were canceled due to tensions in the Red Sea. Brand experts say Virgin should cover flight costs or offer different prizes to maintain trust. AdvertisementVirgin Voyages is dealing with a PR nightmare after a woman who won a free cruise said she'd have to pay $8,000 in flights to claim her prize. The adults-only cruise line, owned by Richard Branson's Virgin Group, is known for giving away free prizes to promote its various international sailings across Australia, Europe, and the Caribbean.
Persons: , Richard Branson's, Morgan Organizations: Brand, Service, Richard Branson's Virgin Group, Caribbean ., Australian Broadcasting Corporation, ABC, Business Locations: Australia, Red, Europe, Caribbean, Australian, Melbourne, Tasmania
And this Memorial Day weekend could be a case in point: Travelers are expected to come out in record-setting droves. Three-plus years of high inflation have taken their toll on Americans’ budgets and, especially, their mindsets. Inflation has slowed during the past couple of years, pulling back significantly from its peak of 9.1% in June 2022. Americans, especially lower-income consumers, have pulled back spending at retailers as goods inflation outpaces wage growth. Pandemic-era savings have been spent while sticky inflation and high inflation rates eat into household budgets.
Persons: ” Gus Faucher, Price, ” Faucher, Taylor, it’s, , Ed Bastian, Swift, Delta, Taylor Swift’s, That’s, Kathleen Oberg, , Peter Kern Organizations: New, New York CNN, Transportation Security, TSA, PNC Financial Services, CNN, Consumer, Mickey Consumer, Commerce Department, Disney, Delta Air, ” United Airlines, Mastercard, Institute, Marriott International, Marriott, Expedia Group Locations: New York, United States, Hong Kong, Europe
According to Eurostat, the EU statistical office, the average Croatian leaves their parents' home at over 33 years of age, its highest figure. Joshua Zitser/Business InsiderIn the US, almost everyone has moved out by then. Joshua Zitser/Business InsiderWhile tourism brings economic opportunities for Vukovic and many others, he says it has also worsened the already dysfunctional housing market. But in parts of Dubrovnik, Vukovic explained, that's not feasible. Joshua Zitser/Business InsiderFor Josip Crncevic, 34, prices feel far out of reach.
Persons: , Joshua Zitser, Malohodžić, Ivan Vukovic, Vukovic, Filip Brkan, that's, Josip Crncevic, Crncevic, homeownership, it's, he'd, Marija, Sanja, Angelo, Cikato, Diana Marlais, Bogdan Dascalescu, wouldn't Organizations: Service, Croatian, Business, Eurostat, BI, UNESCO, Heritage, King's, Real Estate Business Association of, Croatian Chamber Locations: Dubrovnik's, Croatia, Dubrovnik, Independence, HBO's, Dubrovnik's suburbs, Marija
As a budget-conscious, frequent cruiser I've found ways to save money while on these vacations. My family packs smart, takes advantage of included entertainment, and avoids pricey upcharges. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMy family loves cruising, and we've found it's a fantastic way to explore different destinations while enjoying the amenities and entertainment offered on board. And, after more than 30 cruises as a family, we've also found lots of ways to save money.
Persons: I've, pricey, , we've Organizations: Service
What it’s really like to live in Antarctica
  + stars: | 2024-05-23 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +14 min
The Minnesota native first went to the White Continent in 2007 to work as a janitor at McMurdo Base, one of the three US outposts there. She was one of half-a-dozen people staffing the world’s southernmost post office, UK-administered Port Lockroy. Counting penguins is one of the roles Port Lockroy staff have during their time in Antarctica. Once you get the Antarctica bug, Long and Nelson say, it’s pretty hard to get rid of. In a fast-paced globalized world where everyone is on their phones all the time, Antarctica offers a rare opportunity to live a different kind of life.
Persons: United States –, Keri Nelson, Amundsen, ” Nelson, , McMurdo, Palmer, Evan Townsend, ” Keri Nelson, , Nelson, Scott Base, , Scott, Keri Nelson “, Chris Long, Long, Laura Bullesbach, Bridie Martin, Laura Bullesbach doesn’t, you’re, You’re, Port Lockroy, Bullesbach, Clare Ballantyne, ” Long, Keri Nelson Long, he’s, vacationer, ” Klaus Dodds Organizations: CNN, United, Antarctic, Minnesota, Base, Scott, Palmer, grownups, McMurdo Base, McMurdo, US, Geographic, Pole, Ocean, Scott Base, Port, Lockroy, Port Lockroy, Electronics, University of London Locations: Antarctica, Chile, Japan, Australia, United States, McMurdo, New, Ross, Amundsen, New Zealand, Russian, South America, Port Lockroy, Lockroy, Port, Denver, China
Read previewThe US Navy carrier strike group battling the Houthis in the Red Sea has fired more than 500 munitions throughout its deployment, striking the rebels directly in Yemen and intercepting their missiles and drones. The strike group has leaned on its aircraft and warships to engage targets and defend against varying threats. Sailors observe as an F/A-18E Super Hornet lands on the flight deck aboard the Nimitz-class aircraft carrier USS Dwight D. Eisenhower in the Red Sea on March 12. Aircraft from the strike group have flown more than 27,200 hours across over 12,100 sorties. The Arleigh Burke-class guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on Oct. 19.
Persons: , Dwight D, Eisenhower, Navy Carlos Del Toro, Arleigh Burke, Carney, Aaron Lau, National Intelligence Avril Haines, We've, It's Organizations: Service, US Navy, Eisenhower Carrier Strike, Ike, Business, Nimitz, Hornet, EA, Aircraft, Navy, Tomahawk, National Intelligence, Pentagon Locations: Yemen, Gulf, Aden, Iran, Hessen
DETROIT – General Motors CEO and Chair Mary Barra on Thursday said she has no plans to retire any time soon as she tries to ensure the company's transformation is on "a good path." Barra, who is the longest tenured CEO outside of the company's founder, has been asked about retirement for several years. "I'm having a lot of fun, and I want to make sure we have our transformation on a good path," she said during a fireside chat at a Detroit Economic Club meeting. Barra reiterated she serves at the pleasure of the GM board and that she continues to have "fun." Cruise and EVs, along with software-defined vehicles and services, have been among the largest potential growth areas under Barra, who became CEO in January 2014.
Persons: Mary Barra, Barra, I've, Cruise Organizations: Economic, Washington, DETROIT – General, GM, Detroit Locations: Washington , U.S, DETROIT, San Francisco, Barra
Some of her most popular videos cover shows and movies like “The Vampire Diaries,” “Pirates of the Caribbean” and installments in the “Star Wars” franchise. None of them are nearly as long as her most recent video, “The Spectacular Failure of the Star Wars Hotel.”Over the course of 20 video chapters, Nicholson details her 2022 stay at the “Star Wars: Galactic Starcruiser” hotel in Orlando, Florida. The tale is likely familiar to Disney and Star Wars fans, many of whom heard about the high-dollar, high-concept hotel and its closure in 2023. The big draw of the hotel lay in what Disney marketing called an “immersive, customizable Star Wars experience” that Nicholson equated to LARPing, or live-action roleplaying. “I couldn’t care less about some dumb Star Wars hotel, but give me those 4 hours,” one X user said.
Persons: YouTuber Jenny Nicholson, , Nicholson, Allen J, Gen, Disney, Bob Iger, CNN’s Natasha Chen Organizations: CNN, Disney, Walt Disney, ” “ Pirates, , Wars, Star Wars, Los Angeles Times, Star, Google, Magic, Orlando’s Walt Disney, Disney Parks, Galactic, Locations: Caribbean, Orlando , Florida, Walt, Orlando’s, Anaheim, Florida
Paris Hilton first attended the Cannes amfAR Gala in 2001 while wearing a bold, bedazzled gown. Paris Hilton attends the 2001 amfAR Gala at the Cannes Film Festival. J. Vespa/Dave Hogan/Getty ImagesThe names written in crystals on her Randolph Duke dress were actually celebrity autographs from stars like Tom Cruise and Clint Eastwood, and the matching jewels on her arm spelled "amfAR." As for the gown itself, it was black and sleeveless with a round back cutout that extended to her sides.
Persons: Paris, Paris Hilton, Dave Hogan, Randolph Duke, Tom Cruise, Clint Eastwood Organizations: Paris Hilton, Cannes, Paris, Cannes Film
Port Canaveral announced new plans to build a seventh cruise terminal by 2026. But Port Canaveral is running out of space as demand for these vacation voyages continues to skyrocket. When complete, it could accommodate the world's largest cruise ships, including Royal Caribbean's new 1,198-foot-long, 9,950-person-capacity Icon of the Seas. The project would've taken three to four years to complete — too long a timeline for Port Canaveral. "We can't shut down operations at Port Canaveral because the state can't get the road infrastructure in a timely manner," he added.
Persons: , John Murray, Murray, Royal Caribbean's, Brittany Chang, Ross Klein, UCG, Jamie Glasner, Glasner Organizations: Canaveral, Infrastructure, Service, Disney, Sunshine State, Port Canaveral, Canaveral Port, Royal, Business, MSC Group, Disney Cruise, Memorial University of Newfoundland, Glasner, US Customs, Border Protection, Florida Department Locations: Florida, Miami, Canaveral, Port Canaveral, Port, Caribbean
Read previewEuropean countries are preparing to reveal plans for a $4.3 billion Iron Dome-style air and missile defense system, Poland's prime minister announced on Monday. The European Sky Shield Initiative, or ESSI, is conceived as a means to jointly procure ground-based interoperable air defense systems. There is no reason for Europe not to have its missile defense shield," Tusk said, per The Telegraph. Related storiesIsrael's Iron Dome has long been seen as one of the world's most advanced air defense systems, protecting the country's skies from rockets and other projectiles. AdvertisementWhile a direct hot-war attack by Russia on NATO Europe is not considered an immediate likelihood, many countries — particularly those that border Russia — are deeply alarmed.
Persons: , . Donald Tusk, Tusk, ESSI, Olaf Scholz, It's, Andrzej Duda Organizations: Service, AVN, European Council, Kyiv Post, Business, Sky Shield Initiative, Telegraph, NATO, Patriots, IRIS Locations: Kyiv, Israel, Europe, Russia, Iran, NATO Europe, Ukraine, Germany, Austria, Switzerland, Turkey, Greece, German, ESSI
Read previewAn Australian woman who won a Virgin Voyages cruise said she and her partner would have to pay a combined $8,000 for flights due to a change in the ship's itinerary. In a video shared to Virgin Voyages' Instagram account in November, a flight attendant FaceTimed with Virgin founder Richard Branson to announce the prize. Advertisement"I am pleased to gift each adult on board a free Virgin Voyages cruise," Branson said. Balkrushna Potdar, a marketing lecturer at the University of Tasmania, told ABC that Morgan's story could potentially damage Virgin Voyages' brand. In September 2023, Virgin Voyages announced it had secured $550 million in funding managed by the Private Equity Group of Ares Management.
Persons: , Morgan, Richard Branson, Branson, Chris Putnam, Balkrushna, Potdar, Scarlet Lady, Ares Management Organizations: Service, Virgin, Australian Broadcasting Corporation, ABC, Business, Virgin Airlines, Virgin Voyages, Independent, Overseas, Miami, Virgin's PR, BI, Voyages, Virgin Australia Group, University of Tasmania, Private Equity Group, Ares Locations: Melbourne, Tasmania, Australia, New Zealand, Brisbane, Red, Quay, Sydney, Europe, Caribbean, San Juan, Tortola, Basseterre, St, John's, Fort, de, France, Castries, Kingstown, Hobart, Ireland, Scotland, Portsmouth, England
Read previewUkraine's navy claims it has likely destroyed the last of Russia's cruise missile carriers operating out of the crucial Black Sea peninsula of Crimea. If confirmed, it would mean there is no longer a Russian missile carrier based out of the key peninsula, he told the outlet. Russia seized Crimea from Ukraine in 2014, and it is home to Russia's Black Sea Fleet headquarters at Sevastopol. The move came amid Ukraine's ongoing campaign against Russian Black Sea ports and warships, using cruise missiles and drones. In April, Ukraine claimed to have destroyed or damaged a third of the Russian fleet.
Persons: , Dmytro Pletenchuk, KCHF.ru, Pletenchuk, Radio Svoboda Organizations: Service, Radio Free, Business, Fleet, Black, Russian Telegram, Radio, Russian Locations: Crimea, Russian, Russia, Ukraine, Sevastopol, Radio Free Europe, Crimean, Ukrainian, Novorossiysk
Johnson Controls : Activist investor Elliott has built a more than $1 billion stake in the HVAC control firm, Bloomberg News reported. "The stock is up 22% [year to date], but it has lagged Trane . "It was just a mistake [to have an underweight rating on the stock]," Cramer said, adding later: "From 1995 on, you have to understand the moment inventories are lean, you've got to buy. Steel stocks: Analysts at Jefferies initiated coverage of steel stocks, beginning with a buy rating on Cleveland-Cliffs and U.S. Steel and hold ratings on Nucor and Steel Dynamics . JPMorgan Chase : The banking giant slightly raised its full-year net interest income outlook to $91 billion from $90 billion.
Persons: Jim Cramer's, Elliott, Jim Cramer, Morgan Stanley, Cramer, you've, I've, Frank Del Rio, Harry Sommer, He'll Organizations: CNBC, Club, Johnson, Bloomberg News, Micron Technology, Jefferies, Cliffs, . Steel, Steel Dynamics, JPMorgan Chase, Cruise Locations: Cleveland
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonday’s rapid fire: Johnson Controls, Micron, Nucor, JPMorgan Chase and Norwegian Cruise LineCNBC’s Jim Cramer on Monday offered his take on the latest Wall Street headlines, including Elliott’s take in Johnson Controls and research on steel stocks.
Persons: Johnson, Jim Cramer Organizations: Micron, Nucor, JPMorgan Chase, Cruise, Monday, Johnson Controls
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorwegian Cruise Line CEO Harry Sommer sits down with Jim CramerNorwegian Cruise Line President and CEO Harry Sommer 'Mad Money' host Jim Cramer to talk the state of the cruise industry, summer travel trends, and more.
Persons: Harry Sommer, Jim Cramer Organizations: Cruise, Cruise Line
Since then, the Iran-backed rebels have fired dozens of anti-ship ballistic missiles into the Red Sea and Gulf of Aden. An anti-ship ballistic missile "is just way faster than anything else, Cmdr. Jeremy Robertson, captain of the guided-missile destroyer USS Carney, told reporters during a media event on Monday. The Houthis maintain a sizable arsenal of anti-ship ballistic missiles, according to an analysis by the the International Institute for Strategic Studies think tank. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.
Persons: , Jeremy Robertson, Carney, MCS2 Aaron Lau, Robertson, we've, Dwight D, Eisenhower, Petty, Bill Dodge, The Carney, Lisa Franchetti, Franchetti Organizations: Service, Navy, Business, US Navy, International Institute for Strategic Studies, Central Command, AP, Israel, Naval, Fleet Locations: American, Iran, Gulf of Aden, Suez, Yemen, Tehran, Washington, Pacific, China, Souda Bay, Greece, Mayport , Florida
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorwegian Cruise Line's guests love freedom and flexibility, says CEO Harry SommerNorwegian Cruise Line President and CEO Harry Sommer 'Mad Money' host Jim Cramer to talk the state of the cruise industry, summer travel trends, and more.
Persons: Harry Sommer, Jim Cramer Organizations: Cruise Line
Norwegian Cruise Line CEO Harry Sommer told CNBC's Jim Cramer on Monday that younger generations are becoming more interested in the company's offerings. "We appeal obviously to older customers, but millennial and Gen Z is the fastest-growing segment of our cruising right now," he said. "They're coming, they're enjoying it, they see the value for the money, but they also appreciate the guest experience." Shares jumped on Monday, closing up 7.56%, after Norwegian raised its full year-guidance. According to Sommer, Norwegian continues to see demand among its target customer base, "middle and upper tier income consumers."
Persons: Harry Sommer, CNBC's Jim Cramer, Sommer Organizations: Cruise Locations: Sommer , Norwegian
Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Hasbro — Shares gained 3% after Morgan Stanley called Hasbro a top pick, saying its recent underperformance gives investors a strong entry point. Uranium stocks have recently gained after President Joe Biden signed a bill banning imports of Russian uranium for nuclear fuel.
Persons: Wix.com, Li Auto, Goldman Sachs, Morgan Stanley, Johnson, Elliott, Joe Biden, NuScale, — CNBC's Michelle Fox, Lisa Kailai Han, Alex Harring, Samantha Subin Organizations: Norwegian Cruise, Target, GameStop, Micron Technology, Hasbro —, Hasbro, Bloomberg News, Elliott Management, Nvidia, Microsoft, Dell Technologies Locations: Norwegian, U.S, NextDecade's Rio
Russia claims Ukraine fired Western-supplied missiles into its region of Belgorod. Some Western countries are signaling they may be more open to their weapons being used on Russian soil. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia has claimed that Ukraine used French- and US-supplied missiles in an attack on one of its border regions. Russia's Ministry of Defence said on Saturday that it had repelled an attack on the border region of Belgorod by four French-made Hammer missiles and two US-made HARM anti-radar missiles.
Persons: Organizations: Service, Russia's Ministry of Defence, Storm, Business Locations: Russia, Ukraine, Belgorod, Russian, Czech
Read previewA helicopter carrying Iranian President Ebrahim Raisi and other senior Iranian officials "crashed upon landing" on Sunday, Iranian state media reported, without providing further details. The state-run Islamic Republic News Agency (IRNA) said President Raisi was returning from a ceremony to open a dam on Iran's border with Azerbaijan when his helicopter crashed upon landing. Iran's Foreign Minister Hossein Amirabdollahian, the governor of Iran's East Azerbaijan province, Malik Rahmati, and other officials were on board the helicopter, the state-run IRNA news agency reported. Video footage from the crash site reveals the state of the weather conditions. AdvertisementUPDATE - First images of #Iran president's helicopter's area of crash landing, weather conditions unfavourable for flying, search and rescue efforts underway.
Persons: , Ebrahim Raisi, Raisi, Hossein Amirabdollahian, Malik Rahmati, IRNA, UMQ1tVZzw0, Ali Khamenei Organizations: Service, Republic News Agency, Business, Iranian, Associated Press, Nagorno Karabakh Observer, Iran's Locations: Azerbaijan, Jolfa, Tehran, Iran's, Iran's East Azerbaijan, Iran, Nagorno, Iran's East Azerbaijan province, Iraq, Israel
Read previewA new California law will force cruise lines to be more transparent about their prices, bolstering a Biden administration crusade against junk fees. Senate Bill 478, also known as the "Honest Pricing Law," will go into effect on July 1. AdvertisementA Carnival Corp. representative told the outlet it would follow guidelines set out by the "Honest Pricing Law." Carnival Corp. is the parent company of brands like Carnival Cruise Line, Princess Cruises, and Holland America. Royal Caribbean cruise ship.
Persons: , Biden, Bill, general's Organizations: Service, Business, Companies, Royal Caribbean International, Norweigan, The Washington, Corp, Carnival, Princess Cruises, Holland America, Royal Caribbean, Celebrity Cruises, Royal, Carnival Corp, Cruise, Federal Trade Commission Locations: California, Royal Caribbean
Throughout the Republican primary campaign (such as it was), it was perfectly clear that the multiple indictments of Donald Trump helped him consolidate support. This was a source of moral exasperation to liberals, but their bafflement coexisted with the hope that what played well with the MAGA faithful would have the opposite effect in the general election. Trump’s cries of persecution might rally conservatives in a primary, but the trials themselves would help Joe Biden cruise to re-election. But watching the trial play out so far, it seems just as likely that as in the primaries, so now in the general election: Any political effect from being charged and tried is probably working marginally in Trump’s favor. First, consider how this trial plays if you are not paying close attention to the legal details.
Persons: Donald Trump, MAGA, Trump’s, Joe Biden, we’re, Trump, Stormy Daniels Organizations: Republican
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