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☆ My secret to traveling on a budget costs $129 a year. I've used it to stay in waterfront homes and mansions for free.
▼ + stars: | 2024-01-15 | by ( Courtenay Rudzinski | ) www.businessinsider.com time to read: +5 min

I got my gigs with Trusted Housesitters, an international house-sitting platform that's $129 a year. The answer came to me when several avid travelers in my online groups suggested I try Trusted Housesitters, an international house-sitting and pet-sitting platform. Joining seemed like a great travel hack to stay almost anywhere for free. Now that I've done over 20 successful sits, owners often skip this step and book me based on my application alone. AdvertisementI'm thrilled I discovered Trusted Housesitters, and I plan to use it well into my retirement years.

Persons: —, Housesitters Courtenay Rudzinski, I'd, they'd, Courtenay, Courtenay Rudzinski, Jack Russell Terrier, I've, Courtenay Rudzinski I've, I'm Organizations: Service Locations: East Coast, penthouses, Texas, Maine, Houston, Freeport, East, Asheville, North Carolina, Virginia, New Jersey, New York City, Vermont

☆ Investors flock to US natural gas ETF despite price slump
▼ + stars: | 2023-12-01 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +2 min

Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo Acquire Licensing RightsDec 1 (Reuters) - Investors have been piling into an exchange-traded fund (ETF) designed to track U.S. natural gas prices, in spite of the commodity's dismal performance in 2023. The U.S. Natural Gas Fund's (UNG) (UNG.P) price, tied to the performance of futures contracts on the commodity, has plunged 60.7% so far this year, falling 27% in November alone. Analysts said the drop in the ETF's price came alongside a fall in the price of natural gas sparked by milder than usual weather across the United States in recent weeks. Natural gas prices fell about 22% in November, the single largest monthly percentage drop since a 40% decline in January.

Persons: Arathy, Stacey Morris, Morris, UNG, Suzanne McGee, Ira Iosebashvili, Emelia Organizations: Reuters, Natural, Analysts, New York Mercantile Exchange, U.S . Energy Information Administration, Thomson Locations: Freeport, U.S, Freeport , Texas, United States

LONDON, Nov 23 (Reuters) - Chilean copper miner Antofagasta (ANTO.L) last week inked the first major 2024 concentrates supply deal with China's Jinchuan Group. Indeed, it's far from certain there will be a single benchmark for next year due to a shifting copper concentrates landscape. Annual "benchmark" copper smelter treatment chargesSPLIT BENCHMARK? Other members of China's Copper Smelters Purchase Team, a grouping of the country's biggest players, have rejected Jinchuan's terms as a benchmark. Its new Manyar copper smelter will start ramping up from May.

Persons: Freeport, Chen Yunian, Jinchuan, it's, Jan Harvey Organizations: China's Jinchuan, TC, Freeport McMoRan, HK, Study, China's, Copper, Reuters, Thomson Locations: Antofagasta, Jinchuan, Freeport, Indonesia, Panama, Peru, Chile, China, Jiangxi, Canada, Botswana

☆ These high beta stocks will lead the way if the year-end comeback continues
▼ + stars: | 2023-11-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +8 min

Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday. Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. Goldman Sachs recently recommended the pullback in Devon Energy shares as a buying opportunity, citing the company's strong balance sheet as a factor. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday.

Persons: Stocks, Goldman Sachs, Wells Fargo, Gunnar Wiedenfels, Bing Guan Organizations: CNBC Pro, Dow Jones, Nasdaq, CNBC, APA Corp, APA, Devon Energy, Marathon, Marathon Oil, Nvidia, UBS, Qs, Warner Bros Discovery, Angeles Refinery, Reuters, Beta, APA APA Corp, Entertainment, Devon Energy Corp, Oil Corp, Targa Resources Corp, MGM MGM Resorts, HAL Halliburton, McMoRan, Aptiv, WYNN Wynn Resorts, Body, Semiconductor Corp, NVIDIA Corp, Zebra Technologies, Albemarle, Alaska Air Group Locations: Angeles, Carson , California, Freeport

☆ US plans to buy 1.2 million barrels of oil for Strategic Petroleum Reserve
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

Department of Energy officials lead reporters on a tour of the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - The U.S. plans to buy 1.2 million barrels of oil to help replenish the Strategic Petroleum Reserve after it sold off the largest amount ever last year, the Energy Department said on Monday. If the purchase is finalized it will have bought back about 6 million barrels. Last month the Energy Department said it hopes to buy 3 million barrels for December delivery and another 3 million for January at the higher price. It said it expects to issue additional oil purchase solicitations for the reserve on a monthly basis through at least May 2024.

Persons: Richard Carson, Joe Biden, Joe, Biden, Timothy Gardner, Sandra Maler, Chris Reese Organizations: of Energy, Strategic Petroleum Reserve, REUTERS, Rights, Energy Department, Thomson Locations: Freeport , Texas, U.S, Ukraine, Saudi Arabia, Russia

☆ How shipping more US natural gas to Europe helped fuel CO2 pollution
▼ + stars: | 2023-11-08 | by ( Tim Mclaughlin | ) www.reuters.com time to read: +6 min

The administration approved five U.S. LNG export licenses to serve the European market following Russia's invasion, having approved none beforehand. U.S. special climate envoy John Kerry told Reuters last year that greenhouse gas emissions were an inevitable "downside" to increasing LNG exports to European allies. CO2 emissions from the energy-intensive process of liquefying gas for export mark only one stage in the industry's overall climate impact. Critics argue that it is unclear whether the U.S. gas export boom to Europe is displacing coal or delaying a transition to renewables like solar and wind. NextDecade Corp has said its proposed terminal near Brownsville, Texas, could remove more than 90% of its expected 6.4 million tons per year of carbon emissions.

Persons: Arathy, Biden, John Kerry, Robert Fee, Critics, Alexandra Shaykevich, Sempra, Susan Richardson, Tim McLaughlin, Richard Valdmanis, Suzanne Goldenberg Organizations: Reuters, Cheniere Energy, United, U.S . Environmental Protection Agency, Federal Energy Regulatory, Biden White, LNG, The Energy Department, FERC, U.S, Energy Information Administration, Reuters Graphics, Washington, Venture Global, CCS, SEC, Talos Energy, NextDecade, Thomson Locations: Freeport, U.S, Freeport , Texas, United States, Russia, Ukraine, Europe, Texas, Cameron, Louisiana, Brownsville , Texas

☆ Final Trades: Freeport-McMoRan, Eli Lilly & Humana
▼ + stars: | 2023-11-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Freeport-McMoRan, Eli Lilly & HumanaThe "Halftime Report" traders give their top picks to watch for the second half.

Persons: Eli Lilly Locations: Freeport, McMoRan

☆ L.L. Bean closes headquarters, stores and factories in Maine after mass shooting
▼ + stars: | 2023-10-26 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Bean spokesperson Amanda Hannah said the company’s large campus of four stores in Freeport as well as its corporate headquarters in that town will be closed on Thursday. Bean,” the company spokesperson said. Camden National Bank and Bangor Savings Bank posted notices on their websites Thursday morning announcing multiple bank branches will be shut on Thursday. “We are shocked and deeply saddened by the horrific mass shooting in Lewiston, Maine. We mourn the loss of loved ones, friends and neighbors in Lewiston,” the bank spokesperson said.

Persons: CNN —, Bean, L.L, Amanda Hannah, . Bean, Hannaford, ” Hannaford, Allagash, ” Allagash Organizations: CNN, Hannaford, Facebook, Lewiston ., Lewiston . Camden National Bank, Bangor Savings Bank, . Camden National, Bangor Savings, ”, Bank Locations: Maine, Freeport, Lewiston, Brunswick, Lewiston . Camden, Bangor, Lewiston , Auburn, Topsham, Richmond, Bath, ”, Lewiston , Maine, Maine’s, Portland, ” “ Maine

☆ The three-year cruise has been delayed because it doesn't have a ship
▼ + stars: | 2023-10-20 | by ( Julia Buckley | ) edition.cnn.com time to read: +3 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —Due to set sail from Istanbul on November 1, the three-year cruise was meant to be a smooth sail across the globe and into nomadic living for its inhabitants. But with less than two weeks to go before the scheduled departure date, Life at Sea cruises is navigating choppy waters – as it still doesn’t have a ship. Two weeks ago, when asked whether the sale – which had been slated for late September – had gone through, it gave the same response. Meanwhile, some passengers are becoming increasingly concerned about the delays – and what they see as a lack of transparency from Life at Sea cruises.

Persons: –, ” Kendra Holmes, ”, “ Organizations: CNN, Miray Cruises, Amsterdam Passengers, Cruises Locations: Istanbul, Amsterdam –, “, Amsterdam, Freeport, Bahamas

☆ Freeport-McMoRan beats quarterly profit estimates on production boost
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

The logo of copper miner Freeport-McMoRan Inc is displayed on their offices in Phoenix, Arizona, U.S. June 30, 2022. REUTERS/Ernest Scheyder/File Photo Acquire Licensing RightsOct 19 (Reuters) - Copper miner Freeport-McMoRan (FCX.N) beat Wall Street estimates for third-quarter profit on Thursday, helped by higher copper production and sales volumes. Average copper prices were up about 8% in the reported quarter compared to last year, as economic stimulus in China spurred hopes of a rise in industrial activity. The mining giant said its quarterly production of copper rose to 1.09 billion pounds, from 1.06 billion pounds a year earlier. Reporting by Sourasis Bose in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Ernest Scheyder, Sourasis Bose, Pooja Desai Organizations: McMoRan, REUTERS, Thomson Locations: Freeport, Phoenix , Arizona, U.S, McMoRan, China, Indonesia, Bengaluru

☆ Copper demand weakness in Chinese real estate offset by green investing: Freeport-McMoRan's Adkerson
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCopper demand weakness in Chinese real estate offset by green investing: Freeport-McMoRan's AdkersonRichard Adkerson, Freeport-McMoRan CEO, joins 'Closing Bell Overtime' to talk copper demand in the global economy, copper prices and more.

Persons: Richard Adkerson Organizations: McMoRan Locations: Freeport

☆ Morning Bid: To 5% and beyond, bond yields soar
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +5 min

The company earnings picture, meantime, was mixed to sour over the past 24 hours in both the U.S. and Europe. Despite decent demand at a typically awkward 20-year bond auction on Wednesday, yields continued to spiral higher overnight and ahead of Fed Chair Jerome Powell's key speech later on Thursday. The upshot of all factors has seen Treasury yields climb ever higher through the night - with two-year and 20-year yields , now both above 5.25%, the latter at a record high and the former the highest since 2006. Ten and five-year tenors also saw yields soar to within a hair's breadth of 5% early on Thursday too. The ructions in the bond market and incoming earnings saw Wall St indexes (.SPX), (.NDX) hit their lowest in 10 days on Wednesday and futures were in the red again ahead of the open today.

Persons: Brendan McDermid, Mike Dolan, Jerome Powell's, Republican Jim Jordan, Blackstone, Philip Morris, Jerome Powell, Philip Jefferson, Michael Barr, Lorie Logan, Austan Goolsbee, Raphael Bostic, Patrick Harker, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S, Netflix, Republican, Bank of Japan, Mortgage Bankers Association, HK, Fifth Third Bancorp, Philip Morris , Union Pacific, CSX, Truist Financial, American Airlines, Alaska Air, Philadelphia Fed, U.S . Federal, Dallas, Chicago Fed, Atlanta Fed, Treasury, Housing, Reuters, Thomson Locations: New York City, U.S, Washington, Venezuela, Europe, Frankfurt, Freeport, McMoRan, China

SPRINGFIELD, Ill. (AP) — Illinois Gov. The state’s 25-year-old Gift Ban Act prohibits public employees such as Pritzker from accepting presents, with broad exceptions. Therefore, the high-priced hooch delivered compliments of the Japanese embassy and three bottles of tequila valued at $450 have remained untapped. Together, they comprise 4 1/2 years of gratuities totaling 561 gifts valued at $16,890.14, according to a log provided to The Associated Press in response to a public records request. Jim Edgar, the Gift Ban Act was the first major ethics reform in Illinois since post-Watergate campaign-finance disclosure laws.

Persons: J.B . Pritzker, Pritzker, hooch, ” Pritzker, “, Jordan Abudayyeh, John Bel Edwards, Sen, Paul Simon, Barack Obama, Jim Edgar, “ It’s, ”, David Melton, Tiffany Kuhl, Shimon Peres, Sidney Blumenthal, Bill Clinton, Abraham Lincoln, Ralph Nader, Mark Green, Donald Trump’s, Jody Coss, ” Coss, Mike’s, Jennifer Farrar Organizations: Ill, —, Democratic, Associated Press, Louisiana Gov, Hotel, Forbes, Republican Gov, Illinois, National Bobblehead Hall of Fame, Museum, Loyola University, Stephenson County Democratic Party, Associated Locations: SPRINGFIELD, — Illinois, Springfield, Chicago, Louisiana, Mardi Gras, U.S, Illinois, Swiss, Milwaukee, Victoria ”, Freeport, Stephenson County, Rockford, New York

☆ Regional banks are in focus in the week ahead as third-quarter earnings season ramps up
▼ + stars: | 2023-10-13 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Regional banks will be in focus in the week ahead as traders head into the thick of third-quarter earnings season. Regional bank earnings are also expected to be a weak point this season. But a closer look into the sector's sub-industries showed that regional banks are anticipated to have tumbled by 15% last quarter. Traders parsing through regional bank earnings will pay special attention to signs of narrowing net interest margins (NIM). Earnings season underway Many investors anticipate that the third-quarter earnings season will be alright.

Persons: Wells, Kumar, FactSet's John Butters, NIM, They'll, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, FactSet's Butters, Nancy Tengler, Lauren Goodwin, we'll, Goodwin, Charles Schwab, Lockheed Martin, Goldman, Zions, Kinder Morgan, Lam, McLennan, Philip Morris, Huntington Bancshares, —, Jesse Pound Organizations: Citigroup, JPMorgan Chase, Sri, Kumar, Silicon Valley Bank, Regional Banking, Dow Jones Industrial, JPMorgan, Hamas, Northern Trust, U.S . Bancorp, T Bank, Citizens Financial, Bank of America, Federal Reserve, Companies, Investments, New York Life Investments, Index, Johnson, Bank of New York Mellon, Goldman Sachs Group, Hunt Transport Services, Omnicom, United Airlines Wednesday, Housing, Elevance, Citizens Financial Group, Procter, Gamble, Abbott Laboratories, Discover Financial Services, Las Vegas Sands, PPG Industries, Steel Dynamics, Tesla, Netflix, Lam Research, Philadelphia Fed, Truist, Alaska Air Group, Fifth Third Bancorp, American Airlines Group, Marsh, Philip Morris International, Union, CSX, Comerica, Regions Financial, American Express, Interpublic, Cos Locations: Wells Fargo, Silicon, Ukraine, Israel, J.B, Las Vegas, Philadelphia, Truist Financial, Union Pacific, Freeport, Huntington

☆ A wildly hyped 3-year cruise has been delayed weeks before it was set to sail because there's no ship yet
▼ + stars: | 2023-10-13 | by ( Brittany Chang | ) www.businessinsider.com time to read: +4 min

Life at Sea Cruises has delayed its three-year around-the-world cruise. Life at Sea Cruises has faced several shake-ups over the last few months. Buyers were told Life at Sea will help "make changes to [travelers] accommodations and itinerary at Miray's expense." Broken down, this per-day cost is cheaper than Azamara's recently announced 2026 world cruise . And unlike a typical world cruise, the vessel will be sailing for much longer than just a few months.

Persons: —, Lara, Kendra Holmes, Buyers, Holmes Organizations: Sea Cruises, Miray Cruises, Service, Carnival, CNN Locations: Istanbul, Amsterdam, Freeport, Bahamas

☆ DCLA’s Sarat Sethi buys Freeport-McMoRan
▼ + stars: | 2023-10-10 | 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 EmailDCLA’s Sarat Sethi buys Freeport-McMoRanJosh Brown, Kari Firestone, Jim Lebenthal, and Sarat Sethi join CNBC’s ‘Halftime Report’ to discuss stocks rising while Treasury yields drop, the impact of Thursday's CPI report, and more.

Persons: Sarat Sethi, Josh Brown, Kari Firestone, Jim Lebenthal, CNBC’s Organizations: Treasury, CPI Locations: Freeport

☆ There's much not to like about the September jobs report for the market, but there's a silver lining
▼ + stars: | 2023-10-06 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

What a shocker in the September jobs report: 336,000 jobs created, way above the 170,000 expected. Here's the silver lining, though: The issue everyone is most concerned about is inflation, and wage inflation is continuing to moderate. It is curious that copper and even beaten-up gasoline and oil are higher since the jobs report at 8:30 a.m. Oil stocks such as Occidental Petroleum are up, even as Exxon is down on reports of its interest in buying Pioneer Natural Resources . I'm not trying to sugarcoat a jobs report that was a surprise to all of us.

Persons: I'm Organizations: Freeport McMoRan, Occidental Petroleum, Exxon, Natural Resources, Visa, Caterpillar

☆ Copper is critical to energy transition. The world is falling way behind on producing enough
▼ + stars: | 2023-09-27 | by ( Bob Woods | ) www.cnbc.com time to read: +8 min

watch nowIn the meantime, copper customers, in anticipation of shortages, are either delaying clean energy projects or reducing their need for copper, an economic principle known as demand destruction. Among other actions, it would dismantle most of the clean energy projects initiated by the Biden Administration. At that point, the consensus was that there would be a major copper supply response. That's presented the industry with a whole new era of copper demand, Adkerson said. China's economy has slowed, while those in the U.S. and Europe are striving to transition to clean energy.

Persons: Wood Mackenzie, Nick Pickens, we've, we're, Tesla, eyeing, Rishi Sunak, Richard Adkerson, he's, Adkerson, That's, Clayton Walker, Matt Murphy, Murphy, Walker Organizations: Polska Miedz SA, Bloomberg, Getty, EV, P, International Energy Agency, Heritage Foundation, Republican, Biden Administration, Phoenix, Resources, Freeport, Afp, Rio, Barclays, Rio Tinto, Caterpillar Locations: Glogow, Poland, Wood, EVs, McMoRan, Freeport, China, U.S, Europe, Papua, Freeport's Indonesia, Rio Tinto, Mongolia, Salt Lake City , Utah, Indonesia, Rio

Hedge funds and other money managers purchased the equivalent of 41 million barrels in the six most important petroleum futures and options contracts over the seven days ending on Sept. 12. The net position in all products had fallen to 155 million barrels (71st percentile) on Sept. 12 down from 177 million (80th percentile) on Aug. 15. Short positions in NYMEX WTI slumped to just 21 million barrels on Sept. 12, the lowest for more than a year since June 2022. U.S. NATURAL GASInvestors remain ambivalent about the outlook for U.S. gas prices – torn between depleting inventories and the prospect of a warmer-than-average winter driven by a strong El Niño. The prospect of reduced consumption and slower export growth is weighing on gas prices and has kept them range bound for the last three months.

Persons: Richard Carson, bullishness, NYMEX WTI, Investors, John Kemp, David Evans Organizations: Department of Energy, Strategic Petroleum Reserve, REUTERS, ICE, U.S . diesel, Fund, distillates, Thomson, Reuters Locations: Freeport , Texas, U.S, Saudi Arabia, Europe, China, distillates, Saudi, Cushing, Oklahoma, NYMEX, distillates ., East Asia, North America, Pacific

☆ Jimmy Buffet's 'Margaritaville' has built an empire. Here's what it's like to visit its resorts and RV parks, and sail on its cruise line.
▼ + stars: | 2023-09-07 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

See what it's like to vacation on its cruise line and at some of its resorts and RV parks. A hotel room at Camp Margaritaville RV Resort and Lodge in Pigeon Forge, Tennessee. Now, there are Margaritaville hotels in what seems like almost every major vacation destination in the US from San Diego, California to Gatlinburg, Tennessee. Brittany Chang/InsiderThe first Camp Margaritaville RV resort — which focuses on "upscale camping" — opened in Georgia in 2019 as a "surprise" hit, Jim Wiseman, the president of development at Camp Margaritaville, told Insider in 2021. To create this floating Margaritaville hotel, the brand refurbished the over 30-year-old flagship vessel of budget cruise line Bahamas Paradise Cruise Line, which has since rebranded to Margaritaville at Sea.

Persons: Jimmy Buffett, Brittany Chang, Buffett, Forbes, it's, there's, Liberty, hasn't, Margaritaville, Jim Wiseman, Orlando — Organizations: Service, Yorker, New, Margaritaville, Paradise, Cruise Locations: Wall, Silicon, Pigeon Forge , Tennessee, Margaritaville, Pensacola Beach , Florida, San Diego , California, Gatlinburg , Tennessee, New York City, Margaritaville's New York City, of, Georgia, Auburndale, Florida, Crystal Beach , Florida, Poconos, Forge , Tennessee, Auburndale , Florida, Orlando, cabanas, Florida's Port, Palm Beach, Bahamas, Freeport, Grand Bahama

Hedge funds and other money managers purchased the equivalent of 19 million barrels in the NYMEX and ICE U.S. crude (WTI) futures and options contracts over the seven days ending on August 29. Bearish short positions in the premier NYMEX WTI contract had been reduced to just 49 million barrels, down from 136 million. Total commercial crude inventories had fallen into line with the prior ten-year average on August 25 while stocks at Cushing had depleted to almost 30% below the average. Hedge fund managers have been trying to get bullish towards U.S. gas prices, and the inventory surplus inherited from 2022 has been shrinking. Related columns:- Depleting U.S. crude inventories lift oil prices (August 31, 2023)- Prospect of strong El Niño weighs on U.S. gas prices (August 30, 2023)- Crude oil prices stalled as hedge funds sold (August 29, 2023)John Kemp is a Reuters market analyst.

Persons: Richard Carson, John Kemp, Mike Harrison Organizations: Department of Energy, Strategic Petroleum Reserve, REUTERS, ICE, Cushing, U.S . diesel, U.S . Commodity Futures Trading Commission, Thomson, Reuters Locations: Freeport , Texas, U.S, Cushing, Oklahoma, Brent, Washington, Illinois, Maine

☆ Final Trades: Freeport-McMoran, gold & more
▼ + stars: | 2023-08-23 | 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 EmailFinal Trades: Freeport-McMoran, gold & moreThe "Halftime Report" traders give their top picks to watch for the second half.

Locations: Freeport, McMoran

☆ Suez Canal ship traffic unaffected after tanker collision
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

[1/2] A view of the BW Lesmes tanker at Freeport, Texas, U.S., August 3, 2023, in this picture obtained by Reuters. The two tankers, the Singapore-flagged liquefied natural gas (LNG) carrier BW Lesmes and the Cayman Islands-flagged oil products tanker Burri, briefly collided in the canal, ship tracking company MarineTraffic said early on Wednesday citing eyewitnesses. As of 5 a.m. (0200 GMT), the BW Lesmes was facing north but being towed to the south by two tugboats, according to ship tracking data on Refinitiv Eikon. A person who answered the phone at the Suez Canal Authority's operations room when contacted by Reuters said he could not provide any information on the tankers. The Suez Canal is one of the world's busiest waterways and the shortest shipping route between Europe and Asia.

Persons: Glenn Travis, MarineTraffic, Osama Rabie, Yusri Mohamed, Muhammad Al Gebaly, Nafisa, Enas Alashray, Florence Tan, Cynthia Osterman Organizations: BW, Reuters, REUTERS Acquire, Rights, Shipping, BW Group, TMS, Thomson Locations: Freeport , Texas, U.S, Rights CAIRO, Singapore, Cayman, Suez, Europe, Asia

☆ Palo Alto Networks CEO warns companies need modern, integrated cybersecurity: 'the bad actors are moving faster'
▼ + stars: | 2023-08-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Palo Alto Networks CEO Nikesh Arora told CNBC's Jim Cramer on Monday that companies need integrated, modernized cybersecurity systems in order to protect themselves from "bad actors" who are getting faster at gaining access to sensitive information. Arora said the problem isn't that companies lack cybersecurity vendors. "It's important for us to make sure we're ready to deflect the stuff in hours, not in days," Arora continued. Palo Alto Networks' stock was up nearly 15% by Monday's close, likely driven by a Friday after-hours earnings report that showed the company's revenue increased 26% compared with the year-ago quarter. Palo Alto Networks' revenue came in at $1.95 billion, slightly below $1.96 billion consensus estimates, according to Refinitiv.

Persons: Nikesh Arora, CNBC's Jim Cramer, Arora, Estee Lauder, Monday's Organizations: Palo Alto, Securities, Exchange Commission, SEC, Alto Networks, Palo Alto Networks Locations: Freeport

☆ Zero-day-options, weak technicals and China: Breaking down the market’s August headwinds
▼ + stars: | 2023-08-17 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

"The S & P is not quite there, but we would be very surprised if it doesn't follow the NDX's lead." On top of that, some are worried that another real estate crisis in China may be brewing. "It's been almost two years since China Evergrande Group, once China's largest real estate developer, shocked the financial markets by defaulting on $340 billion in debt. Since then, the Chinese real estate market has been in a serious slump," wrote Ed Yardeni of Yardeni Research. Investment in real estate fell 8.5% y/y during the first seven months of this year."

Persons: Goldman Sachs, Scott Rubner, Rubner, 0DTE, Technicals, Wolfe, Rob Ginsberg, Ginsberg, It's, Ed Yardeni, we're, Sarat Sethi, Johnson, Sethi, CNBC's, — CNBC's Michael Bloom Organizations: Wolfe Research, Nasdaq, China Evergrande Group, Yardeni, Investment, U.S, JPMorgan Locations: China, U.S, Freeport, McMoRan, Haleon

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