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Power released its annual North American Airport Satisfaction Study, ranking the large airports across North America. The best large airport: John Wayne Airport, Orange CountyThe John Wayne Airport in Orange County, California, is the best large airport this year after coming in the No. The John Wayne Airport, Orange County, currently serves about 11.7 million annual passengers, according to its website. 10 best large airports in North America for 2024John Wayne Airport, Orange County Tampa International Airport Kansas City International Airport Dallas Love Field Nashville International Airport William P. Hobby Airport Sacramento International Airport Portland International Airport Salt Lake City International Airport San Jose International Airport After taking the No. Taylor says the Tampa International Airport has ranked highly over the years because of its great design, signage, and sense of identity.
Persons: John Wayne, Michael Taylor, Sr, Taylor, William Organizations: North, John, John Wayne Airport, CNBC, LAX, Orange County Medianews, Getty, Orange County Tampa International Airport Kansas, International Airport Dallas Love Field, International, William P, Hobby Airport, International Airport Portland International, Salt Lake, International Airport San Jose International, Tampa International, Tampa International Airport Bloomberg, Bloomberg Locations: North America, Orange County, Orange County , California, ., Southern California, California, Newport Beach, Los Angeles, Orange, Salt, Tampa, Tampa Bay
Abercrombie & Fitch - Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. JetBlue shares jumped more than 15% on the news. Summit Therapeutics – The biopharmaceutical company added 2%. Other international shipping stocks saw losses as well, including Danish shipping giant Maersk at 5% . CVS Health — The company's shares added 3.3%.
Persons: Abercrombie &, Matthew Boss, Hollister, Tencent, — CNBC's Sean Conlon, Hakyung Kim, Christina Cheddar, Berk, Lisa Kailai Han Organizations: Abercrombie, Abercrombie & Fitch, JPMorgan, Spirit Airlines, JetBlue Airways —, Wall Street, JetBlue, Vistra, Nvidia, Therapeutics, Drug Administration, Ubisoft Entertainment, Bloomberg News, Ubisoft, SilverCrest Metals, Mining, Zim Integrated Shipping Services —, U.S, dockworkers, United States Maritime Alliance, Maersk, CVS Health, CNBC, CVS
The Fed will still deliver jumbo rate cuts to stabilize the weakening job market, the firm predicted. AdvertisementThough most on Wall Street are cheering September's blowout labor report, not everyone is so sure the labor market is booming. Advertisement"The extremely low response rate to the payroll survey waves a red flag," the firm wrote on Friday. The firm scrutinized last month's payroll strength against the fact that other labor market indicators have shown a pullback in hiring. Meanwhile, this week's JOLTS data prompted Deutsche Bank to question how tight the labor market really is.
Persons: , Larry Summers Organizations: Macroeconomics, Service, Deutsche Bank, of Labor Statistics, Conference, Federal, Bank of America Locations: joblessness, tanked
Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4%, according to research by the Economic Policy Institute. But more recently, some economists have suggested that deliberate policy decisions have actively suppressed workers' wage growth. According to the Federal Reserve Bank of San Francisco, the natural rate of unemployment has hovered between 4.5% and 5.5% throughout history. But since 1979, the U.S. has spent far more time with actual unemployment well above that estimated natural rate. Watch the video above to find out how middle-class wages are being suppressed.
Persons: Josh Bivens Organizations: Economic, Institute, Federal Reserve Bank of San Locations: U.S, Federal Reserve Bank of San Francisco
Bitcoin investors are grappling with a demand dearth that has pushed the cryptocurrency into bear market territory at times. (In the first quarter, bitcoin ETFs bought about 9,000 BTC daily on average, following their January launch.) In the fourth quarters of 2012, 2016, and 2020 — the previous Bitcoin halving years — bitcoin prices rose by 9%, 59%, and 171%, respectively. The most recent halving — the supply cutting event that takes place every four years — happened this April. BTC.CM= YTD mountain Bitcoin (BTC) year-to-date Bitcoin is set up well for the final quarter , but it's still working through a supply overhang from the U.S. and German governments as well as Mt.
Persons: It's, John Todaro, Needham, uptrend, it's, Wolfe, Rob Ginsberg, Owen Lau, Oppenheimer Organizations: CNBC, BTC, Federal Reserve, U.S Locations: China, U.S
Red Lobster's new chief executive Damola Adamolekun during an interview with CNN at a Red Lobster in Long Island, New York, last week. CNNIn Springfield, he first ate at a Red Lobster with his parents and two siblings after church one Sunday. Red Lobster was where he, like millions of Americans, experienced eating lobster and cracking crab legs for the first time. Beyoncé sang about taking a romantic partner to Red Lobster in her 2016 hit song “Formation.”After Red Lobster filed for bankruptcy, Flava Flav ordered the whole menu to try to save the company. Red Lobster closed more than 100 restaurants this year, including a location in Orlando, Florida, shown this year.
Persons: Damola Adamolekun, , ” Adamolekun, It’s, , Adamolekun, Bill Darden, Mills, Chris Rock, Nicki Minaj, Beyoncé, Flav, “ Mr, ” —, Kevin Lamarque, Clarence Otis Jr, RJ Hottovy, Hottovy, Adamolekun’s, ” Hottovy, , Red, Phelan M, can’t, John Paulson, Paulson, P.F, Chang’s, Morgan McClure, Fortress, ” McClure, Brandon Bell, isn’t Organizations: New, New York CNN, CNN, Fortress Investment, Fortress, Red, Boomers, Darden, Thai Union Group, Former Red Lobster, Thai Union, As Thai Union, Thai, Brown University, Harvard Business School, Paulson & Co Locations: New York, Long, , New York, Nigeria, Zimbabwe, Netherlands, Springfield , Illinois, United States, Long Island , New York, Springfield, America, Alexandria , Virginia, Olive, Thai Union, Thai, Orlando , Florida, P.F, Chang’s, Columbia , Maryland, New York City, Scottsdale , Arizona, Austin , Texas
As a New York City resident, I've been hesitant about becoming a Costco member. I finally joined over the summer and decided to compare city and suburb locations. Go to newsletter preferences Thanks for signing up! AdvertisementI now live in New York City and, after joining Costco, assumed I would order products online. Still, I needed to know: Is a New York City Costco the same as the suburban Costco I've visited in the past?
Persons: I've, , Zers, Costco's, Gary Millerchip, Insider's Dominick Reuter, Costco I've Organizations: New, Costco, Service, New York City Costco Locations: New York City, Long, , New York, New Orleans, Manhattan, East Harlem, Westbury, Here's
HSBC says buy this data center stock as AI drives growth
  + stars: | 2024-10-04 | by ( Brian Evans | ) www.cnbc.com   time to read: +1 min
HSBC thinks Equinix could see strong growth ahead thanks to strong demand for artificial intelligence data centers. The company operates as a real estate investment trust (REIT) that focuses primarily on data centers. Kanumuri upgraded the data center stock to buy from hold and raised his price target to $1,000 per share from $865. "However, we see this as a value-accretive opportunity for Equinix to accelerate growth and improve revenue per data center in 2025." Of the 27 covering Equinix, 21 rate it as a buy or a strong buy.
Persons: Equinix, Phani Kanumuri, Kanumuri Organizations: HSBC, Microsoft Locations: Equinix
And while the spotlight is trained on Vice President Kamala Harris, Mr. Biden is holding tightly to the office he still occupies for another 109 days. Mr. Biden, at almost 82 years old, has wanted to be president for most of his adult life. He ran and lost, and then ran and lost again before finally winning in 2020. “Look at the results across the board,” Mr. Biden told reporters. “Unemployment is down to 4.1 percent, and every month Vice President Harris and I have been in office, we’ve created jobs.
Persons: Kamala Harris, Mr, Biden, Harris, Biden’s, ” Mr, we’ve, Organizations: Mr
Investors are seeking S&P 500 downside protection as rate cuts shift focus to growth concerns. S&P 500 long-dated put options are a preferred approach int he current market environment. Demand for downside protection on the S&P 500 is starting to build. But one approach that's beginning to pick up, with advantages in the current market environment, is hedging S&P 500 downside through options contracts. Annually, the CBOE Volatility Index (VIX) — a measurement of implied volatility — gradually rises starting in the middle of summer and into October.
Persons: , Tanvir Sandhu, Sandhu, Brent Organizations: Service, Bloomberg Intelligence
The battle of the face computers is on
  + stars: | 2024-10-04 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +6 min
Meta debuted its Orion augmented reality glasses last week without a consumer release date. AR glasses are a substantial step toward a future that ditches the handheld smartphone for face computers. AdvertisementThe battle of the face computers is here, and Meta just launched a highly compelling salvo. Last Wednesday, CEO Mark Zuckerberg unveiled the company's latest innovation, Orion — augmented reality eyewear that weighs about 3.5 ounces. Snap's Spectacles are augmented reality glasses that run on the company's in-house OS.
Persons: Meta, , Mark Zuckerberg, Orion —, BI's Peter Kafka, Gene Munster, Apple, Greg Peters, we're, it's, " Peters, There's, Alistair Barr, Tim Cook, Cook, It's, Munster, Andrej Sokolow, BI's Jordan Hart, Justin Post, Andrew Bosworth, Jacob Bourne, Emarketer, Axel Springer, Bosworth, Bloomberg's Mark Gurman, Zuckerberg, Spokespeople Organizations: Orion, Apple, Service, Meta, Deepwater Asset Management, Bloomberg, Vision Pro, Netflix, Vision, Getty, Munster, CNBC, BI Locations: Cupertino
watch nowThe U.S. economy added far more jobs than expected in September, pointing to a vital employment picture as the unemployment rate edged lower, the Labor Department reported Friday. Nonfarm payrolls surged by 254,000 for the month, up from a revised 159,000 in August and better than the 150,000 Dow Jones consensus forecast. The unemployment rate fell to 4.1%, down 0.1 percentage point. Strength in job creation spilled over to wages, as average hourly earnings increased 0.4% on the month and were up 4% from a year ago. You get upward revisions and it tells you the job market continues to be healthy, and that means the economy is healthy."
Persons: Nonfarm payrolls, Kathy Jones, Charles Schwab Organizations: Labor Department, Dow Jones, Federal Reserve Locations: U.S
The 56-year-old grandmother was one of 11 Tennessee plastics plant workers swept away by Hurricane Helene’s deadly floodwaters after they tried to leave the facility. Impact Plastics has forcefully denied those claims, saying late Thursday the allegations are false, and no employee was stopped from leaving. Supervisors “did not prohibit its employees from leaving” and “did not threaten anyone with discharge from employment,” Impact Plastics said. The agency, who is working with TBI to investigate, hadn’t yet received a fatality report from Impact Plastics as of Wednesday evening. Now Jarvis just has one question for Impact Plastics: “Why’d you make us work that day?
Persons: Elías Ibarra Mendoza, , ” Ibarra Mendoza, Bertha Mendoza’s, Mendoza, Francesco Guerrero, Guadalupe Hernandez, Saul Young, Hurricane Helene –, Helene, Supervisors “, Greg Coleman, CNN’s, Kaitlin Collins ”, ” Coleman, “ We’ve, let’s, ” Gerald O’Connor, WCYB, Jacob Ingram, Hurricane Helene, Ingram, WVLT, , Water, O’Connor, TOSHA, Bertha, Guillermo Mendoza, “ That’s, “ We’re, ” Guillermo Mendoza, we’re, Monica Hernandez, Elizabeth Ramirez, Robert Jarvis, Jarvis, , texted, Erwin, ” Jarvis Organizations: CNN, Univision, Hurricane, Plastics, Associated Press, Impact Plastics, News Sentinel, USA, Tennessee Bureau of Investigation, Tennessee Occupational Safety, Health Administration, Supervisors, WVLT, Impact Plastics Inc, National Weather Service, “ Employees, Senior, O’Connor, Employers, Emergency Management Agency, National Guard Locations: Tennessee, Erwin, Erwin , Tennessee, Florida, Southern, Hurricane, , Mendoza
Minneapolis CNN —One state audit found that bonus checks intended for frontline workers during the pandemic were handed out to undeserving recipients. Another criticized a Minnesota state agency for failing to ensure there were no conflicts of interest in taxpayer-funded mental health and addiction programs. His fans were easy to find last month at the Minnesota State Fair, which drew nearly 2 million people this year. Republican state Sen. Mark Koran, second from right, speaks with constituents at the Minnesota State Fair. “We are troubled by MDE’s decision,” the auditor’s report said, using the acronym for the Minnesota Department of Education.
Persons: Tim Walz, Judy Randall, , Walz, Randall, , , Lisa Demuth, Elizabeth Flores, Sen, Mark, Governor Walz, Rick Hansen, Erik Biever, ” “ Tim Walz, Stephen Maturen, Willie Jett, Jett –, ” Walz, “ There’s, Mark Koran, CNN “ They’ve, they’ve, Dan Myers, , Blois Olson, he’s, “ They’re, ” Olson, Olson, Aimee Bock, Bock, Bock –, MDE, ” Andrew Luger, Glen Stubbe, Andrew Luger, ” Luger, Walz’s, Heather Mueller –, Jett, Ann, Keith Ellison, Scott Jensen, ” Jensen, “ Who’s, ” Miriam Ackerman, ” Randall, Democrat Mark Dayton –, Lisa Demuth CNN Walz, haven’t, Bill Walsh, Randall “, … you’re Organizations: Minneapolis CNN, Democratic Gov, CNN, of Public, Democratic, GOP, Twin Cities, Star Tribune, Getty, Republican, , Randall’s Office, Legislative, Minnesota State Fair, Gov, Minnesota Department of Education, Minnesota Star Tribune, Congressional Republicans, Democrats, Minnesota, Fair, University of Minnesota, Republicans, White, Democrat, FBI, Feds, Minneapolis TV, , Department of Human Services, DHS, of, American Locations: Minneapolis, Minnesota, unaccountability, East
Spirit Airlines shares tumbled to a record low on Friday after a report that it's exploring Chapter 11 bankruptcy protection. A bankruptcy filing would mark a dramatic turn for the carrier with its iconic yellow planes that caters to budget-conscious travelers. After the JetBlue deal fell apart, Spirit said in January that it was looking at options to refinance its debt. A Spirit spokesman declined to comment on a the Wall Street Journal report that the carrier is considering a bankruptcy filing. Shares of Frontier Airlines, which originally planned to merge with fellow budget airline Spirit before JetBlue swooped in in 2022, surged 16% on Friday.
Persons: Spirit, Brandon Oglenski, we've, Ted Christie, we're, Perella Weinberg Organizations: Spirit Airlines, JetBlue Airways, Pratt & Whitney, JetBlue, Barclays, Journal, Perella Weinberg Partners, Frontier Airlines, Spirit, JetBlue swooped
During his travels, the professional cyclist has braved brutal headwinds, extreme temperatures, dangerous traffic and even dusted himself off after a run-in with a kangaroo. That’s all while cycling up to 17 or 18 hours a day, stopping only to sleep, eat and mentally reset before doing it all again. “Rainy days, big, long headwind days – I think mentally they’re probably the most challenging,” says Morton. Reminding yourself that you’re just on a bike ride becomes very important.”This, however, is far from any normal bike ride. Morton has had to negotiate large trucks on his cycle around Australia.
Persons: , Lachlan Morton, it’s, Morton, , ” Morton, you’ve, , David Alley’s, “ You’re, Karter Machen, Rachel, ” – Morton, birdsong, He’s Organizations: CNN, Port Macquarie, CNN Sport, EF, Road, Association of Australia, Tour de France, Education –, Indigenous Literacy Foundation Locations: Port, Sydney, Australia, Adelaide, Brisbane, Broome, Darwin, Esperance, Melbourne, Perth, Paris, Munich, Ukrainian, Riding
Hanoi, Vietnam AP —More than a dozen tigers were incinerated after the animals contracted bird flu at a zoo in southern Vietnam, officials said. The panther and 20 tigers, including several cubs, weighed between 10 and 120 kilograms (20 and 265 pounds) when they died. Samples taken from the tigers tested positive for H5N1, the virus that causes bird flu. The 30 staff members who were taking care of the tigers tested negative for bird flu and were in normal health condition, VNExpress reported. Bird flu has caused hundreds of deaths around the world, the vast majority of them involving direct contact between people and infected birds.
Persons: VNExpress, , Nguyen Ba Phuc, Jason Baker, ” Baker Organizations: Vietnam AP, Health, ” PETA, Associated Press Locations: Hanoi, Vietnam, Vuon, Bien Hoa, Long An, United States, California
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I've since found I have a condition known as eye floaters, one I share with as much as 76% of the population — and not just for people over 50, as they're generally associated with. Once you've got a few clumps and strands inside the eye, you start to see those as floaters." Brenna Terry, 30, has had "cobwebby" eye floaters her whole life, which she hasn't raised with her optometrist. AdvertisementFor some, the condition can interfere with their daily tasksFor some people, the condition can be far more distressing.
Persons: , Ceri Smith, Jaynes, you've, I'd, Brenna Terry, I've, Jared Casto, you'll, Terry, Casto Organizations: Service, Association of Optometrists
October is off to a rocky start, but a strong period of seasonality is only just beginning – particularly for select dividend-paying stocks, Bespoke Investment Group found. Dividend-paying stocks have been especially strong when it comes to fourth-quarter returns over the past 10 years, Bespoke found. In addition to having seasonality in their favor, dividend stocks are also expected to benefit from the Federal Reserve's interest rate cutting cycle. Tapestry also has a dividend yield of 3%. The stock has a total return of more than 21% in 2024, as well as a dividend yield of nearly 5%.
Persons: Matthew Boss, Tabby, Boss, Coach's, it's, Piper Sandler, Scott Siefers, Siefers, Wells, Michael Brown, Brown, Lamb Weston Organizations: Investment, New, JPMorgan, BlackRock, JPMorgan Chase, Bank of America Locations: Brooklyn, BlackRock, Wells Fargo
Russia is breaking down institutions and "borrowing from the future," Konstantin Sonin says. The economist notes Russia is taking measures to exert more control over its economy. But those actions are hurting Moscow's economic future, Sonin said. Konstantin Sonin, a professor at the University of Chicago Harris School of Public Policy, said he foresaw a dark economic future ahead for Russia. Putin's war not only imposes on today's Russians a worse life than they otherwise would have had.
Persons: Konstantin Sonin, Sonin, Organizations: Service, University of Chicago Harris School of Public, Syndicate, Heineken, International Monetary Fund Locations: Russia, Ukraine, Moscow
I've learned that it's OK to make space for both. For the next year and a half, the same lymph node was flagged as suspicious, leaving me in a constant state of limbo. The lymph node that had caused me so much anxiety — the last holdout — was clear. Most of all, I've learned to enjoy the life that I was given a second chance to live. I've learned to cherish this incredible gift while hoping to be here with him as long as possible.
Persons: I've, , Will Organizations: Service, Daily
With homes becoming increasingly unaffordable, more buyers are using an increasingly popular strategy to lower their mortgage rate. Buying points — also referred to as "discount points" or "buying down the rate" — involves paying extra to your lender at closing to reduce the interest rate on a mortgage. That reduced rate results in smaller monthly payments and long-term interest savings over the life of the loan. A larger down payment reduces the total loan amount, which also has the effect of lowering monthly payments. Ultimately, whether a larger down payment or buying points will actually lower your monthly payments depends on your specific loan terms.
Persons: That's, Aaron Gordon Organizations: Guild Mortgage
RBC gives its top stock picks for the fourth quarter
  + stars: | 2024-10-04 | by ( Sean Conlon | ) www.cnbc.com   time to read: +4 min
The fourth quarter is just getting started, and RBC Capital Markets sees some stocks slated for growth in the months ahead. Looking ahead, RBC unveiled a list of its top 30 high-conviction global stock ideas that it thinks are poised to outperform in the long term. As a result, RBC has an outperform rating on the name, with a price target of $48. "As proof-points to the success of this strategy emerge, we believe the stock could begin to re-rate higher," the analyst said. Software name CrowdStrike and British oil giant Shell were also picked for the fourth quarter's list.
Persons: Brad Erickson, Daniel Perlin, Perlin, Ferrari, Tom Narayan Organizations: RBC Capital Markets, Dow Jones, RBC, Sarepta Therapeutics, Amazon, P Global, PayPal, Reuters Locations: Italy
The Coop Sleep Goods sale, which features 20% off orders of $125 or more, might be able to help you out. It's easy enough to unlock the Coop Sleep Goods discount. Coop Sleep Goods routinely makes it onto some of our best-of lists. In fact, Coop's bestselling Original Adjustable Pillow was named best overall in our heavily tested guide of the best pillows of 2024. The best Coop Sleep Goods items on saleAt 20%, the Original Pillow will cost $60.
Persons: We've, Coop Organizations: Business, Sleep
Kiryat Shmona, Israel CNN —Yair Pinhas grew up hiking in the hills around Kiryat Shmona, his hometown in northern Israel, near the border with Lebanon. A family home that was damaged by a rocket attack in Kiryat Shmona in northern Israel. Ora Hatan speaks on the phone at her house near the Israeli border with Lebanon. A city of some 22,000, Kiryat Shmona has turned into a ghost town over the past year. On Thursday, marking the Jewish new year, the Pinhas family snuck back into Kiryat Shmona for a brief visit.
Persons: Kiryat, Israel CNN — Yair Pinhas, , we’d, , Pinhas, Ivana Kottasova, CNN Kiryat, won’t, ” Pinhas, Yair Pinhas, Kiryat Shmona, Benjamin Netanyahu, Netanyahu, Hezbollah’s, Hassan Nasrallah, Daniel Hagari, Ora Hatan, Hatan, she’s, Ivana Kottasová, Israel Organizations: Israel CNN, CNN, CNN Kiryat Shmona, United Nations, Assembly, UN, Israel Defense Forces, Lebanese Ministry of Health Locations: Kiryat Shmona, Israel, Lebanon, Galilee, Tel Aviv, Iran, Gaza, Kiryat, “ Israel, Beirut, Shtula, Pinhas
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