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CNN —In travel news this week: fat bears, hungry raccoons, an R-rated flight movie mishap and the best-value air travel destinations for Americans in the year ahead. Top of the list is the Mediterranean resort city of Nice, a much-loved playground for visitors to the French Riviera. Fares to the city fell by 27% in the first half of 2024, compared with the same period the year before. Fares to its capital, Rabat, have dropped by 24%, meaning you’ll have more to spend when you get there. Rounding out the top five is a US domestic destination: Fargo, North Dakota (-24%).
Persons: It’s, Hurricane Helene, Lucia, Alaska’s, Taylor Swift, Organizations: CNN, Southeastern, Boeing, Flames, Frontier Airlines, Atlanta’s Hartsfield, Jackson International, Qantas Airways, Spirit Airlines, US Army Locations: Southeastern United States, Hurricane Milton, Hurricane, United States, Nice, Castries, St, Bridgetown, Barbados, Morocco, Rabat, Fargo , North Dakota, Argentina, Washington, Thailand, New York, Bangkok, Sydney, American, Las Vegas, Tokyo, South Korea, Nepal, Canada, Soviet Central Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMore M&A activity in Argentina and Australia’s lithium operations expected: Portfolio managerRomano Sala Tenna of Katana Asset Management discusses Rio Tinto's acquisition of Arcadium Lithium and explains why he expects to see more consolidation in the lithium mining space.
Persons: Romano Sala Organizations: Katana, Rio Locations: Argentina
"Breaking the Silence: The Maria Soledad Case" looks at the 1990 murder of a 17-year-old girl. The Netflix documentary explains how Maria Soledad's death sparked national outrage in Argentina. Advertisement"Breaking the Silence: The Maria Soledad Case" shines the spotlight on Argentina's first murder to be classed as femicide. Maria Soledad was 17 when she attended a party in San Fernando del Valle de Catamarca, the capital of Argentina's Catamarca province, on Friday, September 7, 1990. Luis Tula was sentenced to nine years in prison for his involvement in Soledad's murderLuis Tula being escorted by police officers as seen in "Breaking the Silence: The Maria Soledad Case."
Persons: Maria Soledad Case, Maria Soledad's, Guillermo Luque, Luis Tula, , Maria Soledad, San Fernando del, Ángel Luque, Soledad, Juan Carlos Sampayo's, Luque, Netflix Tula Organizations: Netflix, Service, San Fernando del Valle de Catamarca, La Nacion Locations: Argentina, San Fernando, San Fernando del Valle de, Argentina's Catamarca province, Luque, Tula, La, Catamarca
Since then, I've been to 86 countries and have learned how to travel on a budget. I book directly with local businesses and I embrace public transportation, among other things. Now, 20 years later, I've visited 86 countries on a shoestring budget. It feels more ethical, too, as our money went straight to people living by the river instead of a tour company based elsewhere. If that is the case, make sure to book the tours while you're in the country, as it will save you money.
Persons: I've, , who'd, Jennifer Sizeland, we'd Organizations: Service, Raffles Locations: Tanzania, Borneo, Chile, Argentina, Tunisia, Carthage, South, Southeast Asia, Baku, The Gambia, Singapore
Jakob Stausholm, chief executive officer of Rio Tinto Ltd., during a Bloomberg Television interview in New York, US, on Thursday, Sept. 26, 2024. Rio Tinto has been holding talks to buy lithium miner Arcadium , three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal. An offer is expected to come in the near future, according to the second source. Arcadium and Rio Tinto declined to comment. Arcadium believes it is unlikely Rio will ever be able to develop the Serbian project, the second source said.
Persons: Jakob Stausholm, Arcadium, Rio Organizations: Rio Tinto Ltd, Bloomberg Television, Rio Tinto, Rio, Tesla, BMW, General Motors, U.S, Local Locations: Rio, New York, London, Philadelphia, Albemarle, SQM, Asia, Serbia, Belgrade, Serbian, Argentina
In pictures: Solar eclipse creates ‘ring of fire’
  + stars: | 2024-10-02 | by ( Kyle Almond | ) edition.cnn.com   time to read: 1 min
An annular solar eclipse was seen in parts of South America on Wednesday, creating a blazing “ring of fire” in the sky. Annular solar eclipses occur when the moon passes between Earth and the sun and the moon is near or at the farthest point in its orbit from Earth. The moon doesn’t completely block the sun as it does during a total solar eclipse, which is what causes the ring of fire effect. Although the path of the eclipse tracked over the Pacific and Atlantic oceans and Antarctica, only parts of Argentina and Chile, including Easter Island, were able to see the ring of fire.
Organizations: South America, Pacific Locations: South, Antarctica, Argentina, Chile, Easter
If you’re in the path of the partial or annular eclipse and plan to observe either celestial spectacle, make sure you have a pair of certified eclipse glasses or a handheld solar viewer. The eclipse pathThe annular eclipse will begin at 12:50 p.m. A global map shows the path of the annular solar eclipse on October 2. If you don’t have certified eclipse glasses or use a handheld solar viewer to observe the annular eclipse, you can use a telescope, binoculars or camera that has a special solar filter on the front, which acts the same way eclipse glasses would. The small space between will reflect the sun’s crescent during a partial eclipse or a ring during the annular eclipse.
Persons: Kent Nishimura, you’re Organizations: CNN, South America, NASA, Pacific, Atlantic Coast, American Meteor Society, Taurids Locations: South, Pacific, Rapa Nui, Easter, Argentina, Chile, Hawaii, American Samoa, Brazil, Fiji, French Polynesia, Mexico, New Zealand, Pitcairn Islands, Kiribati, Tonga, Uruguay, South Georgia, Falkland, Falkland Islands
He's a quant fund manager who uses hundreds of models to execute trades across multiple assets. And he's good at what he does: in the 2023 World Cup Championship of Futures Trading, Scherman finished first with a 491.4% return, according to competition records. I was trading in the Argentina market," Scherman said. This is because a trader can't predict the next market regime and must prove that their thesis can survive changes. "I need to have the capital to recover from that loss," Scherman said.
Persons: Ivan Scherman, , Scherman, hadn't, David Aronson, shouldn't, it's Organizations: Futures, Service, New York Stock Exchange, Chicago Mercantile Exchange, University of Buenos, Argentine Financial Markets Institute Locations: Buenos Aires, Argentina, University of Buenos Aires
Earlier this month, she was unveiled as a finalist in the annual Miss Universe Korea competition. Choi surrounded by fellow Miss Universe Korea contestants at a pageant rehearsal on Friday. Charlie Miller/CNNNational-level Miss Universe pageants, although not all directly administered by the Miss Universe Organization, were obliged to follow suit. This year, 58-year-old Lorraine Peters and 60-year-old Alejandra Marisa Rodríguez took part in Miss Universe Canada and Miss Universe Argentina, respectively, though neither advanced to November’s final. It’s so fun and I love it.”More opportunitiesWith a rapidly declining birth rate, South Korea is among the world’s fastest-aging countries.
Persons: CNN —, Choi, hwa, , , , Charlie Miller, Lorraine Peters, Alejandra Marisa Rodríguez, , ’ ” Choi, Choi —, Beatrice Njoya of, It’s, Jung Yeon, ” Choi, Jean Chung, he’s Organizations: CNN, Miss, Miss Universe, Miss Universe Organization, Miss Universe Canada, Miss Universe Korea, Getty, Seoul Fashion, Harper’s, Elle, South Locations: Miss Universe Korea, South Korea, Mexico, Korea, Miss Universe Argentina, Beatrice Njoya of Malta, Seoul, Cass, Japan
Argentina’s poverty rate soared to almost 53% in the first half of the year, official data released on Thursday showed, the first hard evidence of the painful impact of libertarian President Javier Milei’s tough austerity measures. The data underscores how Milei’s spending cuts, aimed at overturning a deep fiscal deficit, have caused major short-term pain. The country is in a deep recession and inflation remains in triple digits, though there are signs things are improving. ‘Any level of poverty is horrendous’Agustin Salvia, director of the UCA’s Observatory, said that there was a significant impact at the start of the year from Milei’s policies. “If you look at the whole story, it shows a deterioration in the first quarter.
Persons: Javier Milei’s, , Irma Casal, Agustin Salvia, Manuel Adorni, Milei Organizations: Catholic University of Argentina’s, UCA’s Locations: American, Buenos Aires
CNN —No trees have grown on the windswept Falkland Islands in the South Atlantic Ocean for tens of thousands of years — just shrubs and other low-lying vegetation. “It’s very sort of windswept and barren.”The Falkland Islands are a British-ruled overseas territory over which Great Britain and Argentina fought a brief war in 1982. But the story of this hidden forest goes back even further in time than the researchers initially thought. “The Falkland Islands are currently covered by grasslands and lack native trees,” Donovan added. However, the islands are unlikely to see a return to a forest landscape anytime soon, Thomas said.
Persons: Zoë Thomas, , , Thomas, Michael Donovan, wasn’t, ” Donovan, Haidee, Chris Turney, what’s, Donovan Organizations: CNN, UK’s University of Southampton, Britain, Falklands, Antarctic, University of Southampton, Chicago’s, Australia’s University of New, Southern Locations: Falkland Islands, Stanley, Falkland, British, Great Britain, Argentina, Australia’s University of New South Wales, Patagonia, Antarctica, Westerly, Islas, South America
Vista Energy is well positioned for more growth ahead, according to UBS. The investment bank upgraded its rating on the stock to buy from neutral and increased its price target by $5 to $60, which implies nearly 32% upside from Thursday's close. VIST YTD mountain VIST, year-to-date This year, shares have soared, rising more than 54%. Yet, Vasconcellos believes the market is undervaluing Vista's production potential. Of the nine analysts covering the stock, seven have issued buy or strong buy ratings, LSEG data shows.
Persons: Tasso Vasconcellos, Brent, Vasconcellos Organizations: Vista Energy, UBS, SLB, Nabors Industries Locations: Argentina's Vaca
The paper represents the most comprehensive analysis to date on the combined impact of Trump’s trade, immigration and Fed proposals. In that scenario, employment would be 9% lower than baseline by 2028 and inflation would surge to 9.3% by 2026. “So-called economists and experts doubted President Trump’s economic plans in his first term. That means the same factory workers Trump says he is trying to help would be hurt the most. Fed Chair Jerome Powell, who was nominated by Trump in 2017, cautioned against any effort to interfere with Fed independence.
Persons: Donald Trump, Trump, , Warwick McKibbin, Megan Hogan, Marcus Noland, they’ll, ” Karoline Leavitt, Trump’s, Kamala Harris, Harris, ” Trump, McKibbin, Mark Zandi, , Jerome Powell, ” Powell, We’re Organizations: CNN, Republican, Federal Reserve, Peterson Institute for International Economics, Peterson Institute, Trump, Security, , Peterson, Moody’s, Bloomberg Locations: United States, China, America, Georgia, Michigan, outflows
The scientists had previously documented orcas (Orcinus orca) in the region chasing both dusky dolphins and long-beaked common dolphins (Delphinus capensis). Dusky dolphins measure about 7 feet (2 meters) long and weigh up to 187 pounds (85 kilograms). The Humboldt Current orcas weren’t eating dolphins exclusively; they hunted leatherback sea turtles, South American fur seals and Humboldt penguins, according to the study. But Humboldt Current orcas have a smaller white eye patch than known Type A orcas. A similar interaction was previously documented in Australia between an orca and a diver, but had never been observed in the Humboldt Current.
Persons: orcas, Luis Aguilar, CETALAB, Sarah Teman, , Teman, , Ana Maria García Cegarra, Alexander von Humboldt, García Cegarra, , García, ” Teman, Mindy Weisberger Organizations: CNN, Northern, Southern Hemisphere, Marine Science, Humboldt, of, Fishery Sciences, University of Washington, Alexander von Humboldt Institute of Natural Sciences, Chile’s University of Antofagasta, Research, Humboldt Penguin National Reserve, Hemisphere, International Union for, Chile’s Ministry of, Scientific Locations: Chile, South America, South, Antarctica, North America, Strait, Gibraltar, Scotland, Humboldt, Seattle, orcas, California, Argentina, New Zealand, Washington, British Columbia, Canada, American, Chilean Patagonia, Australia
The logistics of having to haul all the stuff three kids need felt like an impossible task with just two parents. AdvertisementI hated traveling with strollersMy kids are only two years apart, so we've always traveled with a stroller. The JetKids ride-on suitcase allows you to drag your kid around the airport with ease. Kids sit on the little suitcase and hold on to a strap, and the parent has a long strap to pull it. AdvertisementI tried it while traveling with my twins aloneRecently I traveled with my twins by myself for the first time.
Persons: , I'm, strollers, we've, you've, We've Organizations: Service, Business, Passengers, Facebook Locations: Argentina, Miami
Buenos Aires is seeing apartment rents down 40% and supply up over 170%, the WSJ reported this week. The controls limited annual rent increases, causing landlords to leave units empty or hike up initial lease prices. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Since last October, rents have fallen 40% and supply has skyrocketed over 170%, according to The Wall Street Journal.
Persons: Organizations: Service, Wall Street, Business Locations: Buenos Aires, Argentina
One of the world's largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. "There was no venture capital for Latin America. Last year, venture-backed companies in Latin America raised $3.3 billion across nearly 1,000 deals, according to PitchBook. E-commerce and online payments are steadily growing, and Latin America has a young, mobile-savvy population of more than 600 million people. "When you look at the penetration of e-commerce in Latin America, it's still quite low compared to the U.S., Europe or Asia," Galperin told CNBC.
Persons: Marcos Gaplerin, Brad Gerstner, Gerstner, CNBC's Scott Wapner, Goldman Sachs, It's, Buenos Aires Galperin, Galperin, MercadoLibre, We've, it's Organizations: Nasdaq, Wall Street, Stanford Graduate School of Business, CNBC, Stanford, eBay Locations: Delaware, Brazil, Argentina, Mexico, Chile, South America, Mercado Pago, Buenos Aires, Palo Alto , California, California, America, Silicon Valley, New York, Sand, West, Latin America, U.S, Europe, Asia
Read previewFamed Silicon Valley investor Vinod Khosla thinks artificial intelligence will be able to do 80% of the work of 80% of jobs. He understands concerns over the idea of handing out cash to people who are pushed out of jobs by AI. Khosla wrote that it might seem "impractical" because of economic constraints. Related storiesYet Khosla expects the breadth of gains from AI will gradually reduce the economic constraints that animate some criticisms of UBI. Yet interventions are needed to help those hurt by broadening income disparities, Khosla said.
Persons: , Vinod Khosla, Khosla, Elon, Sam Altman, Pope Francis, haven't Organizations: Service, Sun Microsystems, Business Locations: OpenAI, Argentina, Venezuela
Over the years, Israel has viewed “targeted killings” as a way to deter attacks on the county, fuel fear among its enemies and exact revenge. Iran’s nuclear program is closer to building a bomb than ever, even after several nuclear scientists were killed, he said. But the Mossad operation dismayed Israeli Prime Minister David Ben-Gurion, who demanded the resignation of the spy service’s chief. Almost four decades later, Israel killed a major Hamas official, Mahmoud al-Mabhouh, in a Dubai hotel in a complex plot involving more than two dozen Mossad operatives. In an echo of this week’s attacks in Lebanon, Israel killed a Hamas bombmaker, Yahya Ayyash, in 1996 with a cellphone outfitted with explosives.
Persons: , Bruce Riedel, Adolf Eichmann, Eichmann, David Ben, Gurion, God —, Russell Mcphedran, Ehud Barak, Ahmed Bouchikhi, Ali Hassan Salameh, Yasser Arafat, Bouchikhi, Israel, Mahmoud al, Mabhouh, Mohammed Salem, Ahmed Jibril, Ronen Bergman, Jibril, Yahya Ayyash, Ayyash, Mohsen Fakhrizadeh, Fakhrizadeh, Ismail Haniyeh, David Barnea, Israel “, ” Barnea Organizations: Lebanese, CIA, Argentine, Nazi, Damocles, Palestinian, Fairfax Media, Getty, Palestine Liberation Organization, Hamas, New York Times Locations: Israel, British, Nazi, Argentina, Egypt, Munich, Beirut, Moroccan, Norwegian, Lillehammer, Europe, Dubai, Gaza, Israeli, Lebanon, U.S, Iran’s, Absad, Tehran, Syria, Iran, Mossad’s
Morgan Stanley upgrades Centessa Pharmaceuticals, to overweight from equal weight Morgan Stanley said in its upgrade of Centessa that it's bullish on the biopharma company's narcolepsy treatment. Morgan Stanley downgrades Pepsi to equal weight from overweight Morgan Stanley said it sees "topline softness." Morgan Stanley names Nio a research catalyst idea Morgan Stanley said it's bullish on Nio after the China electric vehicle company debuted its latest model, the L60. Morgan Stanley downgrades FedEx to underweight to from equal weight Morgan Stanley downgraded FedEx following its disappointing earnings report on Thursday. Morgan Stanley reiterates Sunrun as overweight Morgan Stanley said the solar company has more room to run and that it's long term bullish on the company's partnership with Costco.
Persons: Jefferies, Morgan Stanley, Morgan Stanley downgrades Pepsi, Key, it's bullish, Riley, Reddit, Nio, it's, Bernstein downgrades Darden, Bernstein, Olive, DRI, Morgan Stanley downgrades ASML, Wells, Susquehanna, Evercore, Sunrun, Tesla, Mercado Organizations: Duke Energy, Centessa Pharmaceuticals, Amkor, China, UBS, Apple, RBC, FedEx, Deutsche Bank, American Airlines Deutsche, Susquehanna, Darden, Costco, Bank of America, Citi, Nike, Mercado Libre, Clearway Energy Locations: Nio, tailwinds, Olive, Argentina
Meanwhile, Morgan Stanley downgraded PepsiCo to equal weight. 7 a.m.: FedEx could slide more than 30% as 'structural challenges' are here to stay, Morgan Stanley says Morgan Stanley analyst Ravi Shanker downgraded FedEx to underweight from equal weight after the shipping company's earnings came in below expectations. — Pia Singh 6:33 a.m.: E-commerce stock MercadoLibre has more than 18% upside, according to Morgan Stanley Morgan Stanley is bullish on Argentine e-commerce firm MercadoLibre . — Pia Singh 5:49 a.m.: Evercore ISI hikes Amazon price target Evercore ISI is betting big on Amazon's streaming service. — Pia Singh 5:49 a.m.: Morgan Stanley downgrades PepsiCo Don't expect PepsiCo shares to make much headway going forward, according to Morgan Stanley.
Persons: Morgan Stanley, Ravi Shanker, Shanker, — Pia Singh, Morgan Stanley Morgan Stanley, Andrew Ruben, Ruben, Morgan Stanley downgrades ASML, ASML, Lee Simpson, Simpson, Mark Mahaney, Mahaney, Andy Jassy, Dara Mohsenian, OSG, Mohsenian, Fred Imbert Organizations: CNBC, ISI, PepsiCo, FedEx, Semiconductor, Intel, NBA, Amazon Prime, Amazon, Pepsi Locations: FedEx's, Argentine, Argentina, Netherlands, China, Thursday's
In a speech Thursday, Hezbollah leader Hassan Nasrallah condemned the twin attacks, calling them “massacres” that “crossed all the red lines” because the devices exploded in public areas, with civilians among those harmed. Though Hezbollah “suffered a major blow,” a “reckoning will come,” he added, and vowed the attacks would not bring the group down. The Hezbollah chief also warned Israel that fighting on the Lebanese front will not stop until hostilities end in Gaza. Hours later, Israel launched a barrage of strikes in Lebanon, saying it hit about 100 Hezbollah rocket launchers and “terrorist infrastructure sites.”Meanwhile, Hezbollah said it launched at least 17 attacks on military sites in northern Israel. For months, the international community has been trying to de-escalate tensions between Israel and Hezbollah.
Persons: CNN — Israel, Israel’s, Hassan Nasrallah, , Israel, Nasrallah, , Hossein, Israel “, Ismail Haniyeh Organizations: CNN, Hamas, Hezbollah, United Nations Security, Iran’s Revolutionary Guard, UN Security Locations: Lebanon, Israel, Gaza, Iran, Lebanese, Beirut, Tehran, Yemen, Syria, Iraq, Argentina, India, Georgia, Thailand, United States
Dollar catches footing ahead of Fed
  + stars: | 2024-09-18 | by ( ) www.cnbc.com   time to read: +3 min
The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales had traders slightly trimming bets that the U.S. easing cycle will begin with an outsized interest rate cut. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, which will be followed by a news conference half an hour later. A rate cut is fully priced, with interest rate futures implying a 63% chance of a 50 basis point cut, after flirting with 70% a day earlier. Traders say the Fed's tone as well as the size of the rate cut will drive the next moves in the foreign exchange market. China's stock, bond and currency markets resume trade on Wednesday after the mid-autumn festival break, though it is a holiday on Wednesday in Hong Kong.
Persons: Nathan Swami, Swami Organizations: Federal, Traders, Citi, Australian, New Zealand, Sterling, Bank of, ANZ Bank Locations: Buenos Aires, Argentina, Asia, U.S, Japan, Atlanta, Singapore, Hong Kong, Bank of England
CNN —United Nations members voted overwhelmingly on Wednesday to demand that Israel end its occupation of Palestinian territories within 12 months. Fourteen countries voted against, including the United States, Hungary, Israel, Argentina, Czechia, Fiji, Malawi, Micronesia, Nauru, Palau, Papua New Guinea, Paraguay, Tonga, and Tuvalu. In its advisory opinion, the ICJ said Israel should end its occupation “as rapidly as possible.” The UN’s resolution gives a 12-month timeline. During the 1967 war, Israel captured the West Bank, East Jerusalem, the Gaza Strip and the Golan heights from neighboring Arab states. The Palestinians want the West Bank and Gaza for a future state, with East Jerusalem as its capital.
Persons: Riyad Mansour, Danny Danon, Benjamin Netanyahu, Mahmoud Abbas, ” Louis Charbonneau, Israel, , Agnes Callamard Organizations: CNN — United Nations, UN, International Court of Justice, West Bank, Assembly, Palestinian, Human Rights Watch, HRW, Amnesty International Locations: Israel, United States, Hungary, Argentina, Czechia, Fiji, Malawi, Micronesia, Nauru, Palau, Papua New Guinea, Paraguay, Tonga, Tuvalu, East Jerusalem, Palestinian, Palestine, New York, UN, Gaza, Jerusalem
CNN —Former Italy and Juventus striker Salvatore “Totò” Schillaci, who was the top scorer at the 1990 World Cup on home soil, has died at the age of 59, his former club announced in a statement on Wednesday. “Salvatore Schillaci, known by everyone as Totò, the striker from the magic nights of Italia ’90 with our national team. Bon voyage, champion.”Schillaci played a starring role for Italy at the 1990 World Cup. In the aftermath of the World Cup, Schillaci would go on to score only once more for his country, a goal in a 2-1 defeat to Norway the following year in a qualifier for the 1992 UEFA European Championships. Schillaci announced his retirement from the game in 1999.
Persons: Salvatore “ Totò, Schillaci, , Totò, Giorgia Meloni, “ Salvatore Schillaci, ” Schillaci, Paolo Bruno, d’Or –, , Lothar Matthäus, Lorenzo Casini, , Japan’s J.League, Jubilo Iwata, Gabriele Gravina Organizations: CNN, Italy, Juventus, Argentina, England, Juve, Italy’s, , Getty, UEFA European, Coppa Italia, UEFA Cup, Inter Milan, Inter, Serie Locations: Italy, Italy’s, West Germany, Norway, Japan’s, Italian
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