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☆ As retailers enter the holiday shopping season, the winners are pulling away from the pack
▼ + stars: | 2024-11-29 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Target , Kohl's and Best Buy each reported disappointing third-quarter results as early holiday deals fell short of meaningfully boosting their businesses. Choosy consumers have made the gulf between successful and struggling retailers even more stark heading into the holiday shopping season, said Neil Saunders, managing director of GlobalData Retail. That's a smaller year-over-year increase than the 3.9% jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Dick's and Abercrombie both hiked their full-year outlooks this week and said they expect a strong holiday shopping season. Kohl's warned it will have a deeper-than-expected drop in sales and announced a change in CEO ahead of the crucial shopping season.

Persons: Victor J, Fitch, Neil Saunders, Abercrombie, Scott Lipesky, Erik Nordstrom, Wall, John David Rainey, Rainey, Rick Gomez, Taylor Swift Organizations: Blue, Bloomberg, Getty, Walmart, Dick's Sporting Goods, Abercrombie, GlobalData, National Retail Federation, Nordstrom, CNBC, Target Locations: Clifton , New Jersey, U.S

☆ Images reveal how an orca pod hunts the world’s largest fish
▼ + stars: | 2024-11-29 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

The orcas hunt whale sharks that gather at feeding sites in the Gulf of California and are not fully grown. While an orca versus whale shark matchup may seem like an epic battle, the orcas make easy work of the gentle giants. Kelsey WilliamsonOrca vs. whale sharkThe researchers’ analysis revealed exactly how the killer whales, often hunting as a group, subdue the whale shark. “You can clearly see how all the members of the orca pod are trying to bring down the whale shark,” Higuera Rivas said. Several of the killer whales were observed with whale shark carrion in their mouths during an attack on May 26.

Persons: ”, Francesca Pancaldi, “, Pancaldi, Kelsey Williamson, —, Moctezuma, Erick Higuera Rivas, ” Higuera Rivas, Guillermo Aceves Salazar, Sarah Teman, Teman, Kelsey Williamson It’s, Higuera Rivas, ” Teman Organizations: CNN, Centro Interdisciplinario, Marine Science, University of Washington’s School of, Fishery Sciences, Cape Town, Gulf of Locations: Mexico, Gulf of California, Ciencias, California, South Africa, Cape, Gulf

☆ OPEC+ postpones meeting to decide oil production strategy to Dec. 5, sources say
▼ + stars: | 2024-11-28 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. The OPEC+ oil alliance postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two delegate sources told CNBC. The coalition, made up of the Organization of the Petroleum Exporting Countries and its allies, was initially scheduled to meet on Dec. 1. The OPEC+ coalition is currently operating three sets of separate oil production cuts, in response to an uncertain demand outlook. Under its formal output strategy, member nations are curtailing their combined production to 39.725 million barrels per day (bpd) into next year.

Organizations: Organization of, Petroleum, CNBC Locations: United Nations, Baku, Azerbaijan, OPEC, Kuwait City, Kuwait

☆ Syria’s rebels exploit weaknesses in Iran’s proxies to launch surprise offensive
▼ + stars: | 2024-11-28 | by ( Mostafa Salem | ) edition.cnn.com time to read: +7 min

On Friday, the armed rebel groups claimed to have entered the city, which has been under government control since 2016. The Syrian military said it’s “confronting terrorist organizations” and claimed to have inflicted “heavy losses” on the groups since Wednesday. Wednesday’s surprise operation marks the first significant conflagration between Syrian rebels and the regime since March 2020, when Russia and Turkey mediated a ceasefire in the north of the country. The militant group, which was credited for helping save the Assad regime from Syrian rebels, is now significantly weakened, with most of its leaders assassinated. Iran’s proxy Hezbollah has been instrumental in assisting Assad regain territory lost to militias and rebel groups.

Persons: SANA, Hassan Abdulghani, ” Abdulghani, it’s “, ”, Assad, –, Russia –, Izzettin Kasim, General Kioumars Pourhashemi, Abbas Araghchi, “ reactivating, “, Dmitry Peskov, Ukraine …, Nanar, Recep Tayyip Erdogan, Tehran’s, Syria’s, Iran’s, Hawach, Hassan Nasrallah Organizations: CNN — Rebels, Syrian, CNN, United Nations, Free Syrian Army, Anadolu, Getty, Islamic Revolutionary Guards Corps, Analysts, Crisis Locations: Syria, Aleppo, reigniting, ”, Idlib, Russia, Turkey, Saudi Arabia, Iran, United States, Lebanon, Syrian, Gaza, Iranian, Israel, Ukraine, Brussels, Turkish, Damascus, Iran’s, Arab

☆ Exxon is the best oil stock, as its big bet on cutting carbon emissions should pay off, UBS says
▼ + stars: | 2024-11-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Exxon Mobil 's new businesses aimed at lowering carbon-dioxide emissions are a long-term growth engine that will deliver earnings by the end of the decade, according to UBS. UBS has a 12-month price target of $149 for Exxon, indicating about 22% upside from Friday's close of $121.79 per share. The oil major is investing some $20 billion in a suite of emissions-reducing businesses including carbon capture and storage, biofuels, lithium and hydrogen through 2027. Balanced growth Exxon's $20 billion investment in low-carbon businesses represents about 13% of the company's total capital expenditures through 2027. The company's downstream refining and retail sales business should grow earnings by $4 billion starting in 2027, according to UBS.

Persons: Josh Silverstein, Silverstein, Trump Organizations: Exxon Mobil, UBS, Exxon, U.S, Baytown Hydrogen Locations: U.S, Baytown, That's, Guyana

☆ 'ACDC,' 'T2K,' and the Middle East: Leaked documents reveal Amazon's top cloud growth initiatives
▼ + stars: | 2024-11-27 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

AdvertisementInternal AWS documents obtained by BI lay out the cloud giant's growth priorities next year. Amazon Web Services recently laid out new growth initiatives that include a focus on healthcare, business applications, generative AI, and the Middle East region, according to internal documents obtained by Business Insider. These are part of the AWS sales team's priorities for next year and Amazon refers to them internally as "AGIs," short for "AWS growth initiatives," one of the internal documents shows. That was slower than Microsoft's and Google's cloud business, on a percentage basis. Generative AI Innovation CenterLast year, AWS launched a $100 million program called Generative AI Innovation Center, which connects customers with AWS's AI scientists and experts to help launch generative AI solutions.

Persons: Greg Pearson, AWS's, Patrick Neighorn, Matt Garman Frederic J . BROWN Organizations: BI, Microsoft, Google, Amazon Web Services, Business, AWS, Synergy Research, Amazon, Services, Getty, Data Centers, Forbes, Adobe, Gulf Cooperation Council, Center, Accenture, Tata Consultancy Locations: East, AFP, Saudi Arabia, Bahrain, UAE, Israel, Kuwait, Oman, Qatar

☆ Record Number of Travelers Expected Over Thanksgiving Week
▼ + stars: | 2024-11-27 | by ( Hank Sanders | ) www.nytimes.com time to read: +1 min

Scott Arnould expected traffic and long lines when he arrived at Chicago O’Hare International Airport more than four hours before his flight home to Gulf Shores, Ala., on Tuesday — as experts warned of the busiest Thanksgiving travel week ever. The Transportation Security Administration said it expected to screen 18.3 million travelers from this past Tuesday through Monday — about 6 percent more than in 2023. AAA, the automobile organization, expects this year’s number of travelers will set records, including nearly 72 million motorists. The Midwest is expecting a wind chill, while the South and Northeast are expecting a cold, rainy storm system. Snow is also possible for parts of the Northeast.

Persons: Scott Arnould, —, Arnould, ”, “ Organizations: Chicago O’Hare International, Transportation Security Administration, AAA Locations: Gulf Shores, Ala, United States, South, Northeast

Chabad’s website says he was abducted from Dubai – one of the seven emirates that make up the UAE. Relations between the UAE and Israel have thawed in recent years. In 2020, the UAE became the most prominent Arab nation in decades to open relations with Israel, under the US-brokered agreement known as the Abraham Accords. But Reuters says the public presence of Israelis and Jews has receded since the October 7 attacks. Jewish community members told the agency that informal synagogues in Dubai were closed in the wake of the attacks due to security concerns.

Persons: ” Zvi Kogan, Chabad’s, Israel, ”, Abraham Organizations: United Arab Emirates, Dubai –, CNN, UAE, Abraham Accords, Reuters Locations: Israel, Dubai, UAE, Israeli, Gulf

☆ Thanksgiving weather and travel: A storm, cold and lake-effect snow could cause issues.
▼ + stars: | 2024-11-26 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

TuesdayA quick-moving storm is bringing rain to parts of the East Coast while a few snowflakes fall around the Great Lakes. High elevation snow will bury areas from California’s Sierra Nevada to the Colorado Rockies while rain falls at lower elevations. Conditions will ease throughout the day for California and Nevada but sloppy weather will persist farther east, especially in Utah and Colorado. Dreary weather will extend from the Gulf Coast to the Northeast as the storm that formed late Wednesday pushes east. The Thanksgiving day storm will largely be out of the East by sunrise but lake-effect snow will start up for areas downwind of the Great Lakes as Arctic air rushes over the record-warm lakes.

Persons: Philadelphia hasn’t, Taylor Ward Organizations: CNN, Colorado Rockies, Central and, East, Eastern Seaboard, Dakotas, Philadelphia, New, Center Locations: Here’s, East, Great, New York City, Boston, Sierra Nevada, Central, Central and Southern California, California, Nevada, Utah, Colorado, Mississippi, Illinois, Pennsylvania, New York, New Mexico, Denver, Gulf, New England, Chicago, North Dakota

☆ ‘We enjoy this sometimes’: The rhetorical battle between Justices Alito and Kagan at the Supreme Court
▼ + stars: | 2024-11-26 | by ( Joan Biskupic | ) edition.cnn.com time to read: +15 min

CNN —The morning after Donald Trump was reelected president, Justices Samuel Alito and Elena Kagan began jousting more than usual. More than other justices on their respective sides, conservative Alito and liberal Kagan are sharp-tongued strategic questioners. As usual, Alito and Kagan began referring to each other’s questions but with barely a glance toward the other at their elbow. Skeptical of the litigants’ case, Alito asked their lawyer Deepak Gupta why Huang would have put out financial information that could be quickly exposed as wrong. Then Alito said, “Well, I don’t want to derail … Justice Kagan had a number of hypotheticals, but I don’t want to interrupt that.”Kagan seemed miffed, but only slightly.

Persons: Donald Trump, Samuel Alito, Elena Kagan, Alito, Kagan, Trump, Anthony Kennedy, ”, ” Alito, you’ve, ” Kagan, it’s, gesturing, John Roberts, improvidently, Jensen Huang, Deepak Gupta, Huang, Gupta, “ Huang, “, “ You’re, ” Gupta, Biden, Elizabeth Prelogar, Bostock, Biden’s, John Sauer, Sauer, Noel Francisco, Francisco, Amy Coney Barrett, Dobbs, George W, Bush, Alito’s, “ Sam, ” Bush, Barack Obama, Adam Unikowsky, Edmund LaCour, LaCour, “ Let’s, …, general’s Organizations: CNN, Kagan, Trump, Meta, Investors, Facebook, Cambridge Analytica, Amalgamated Bank, Department, Nvidia, Texas Rangers, Philadelphia Phillies, Alabama, Alabama Supreme Locations: America’s, Trenton , New Jersey, Swedish, Clayton County, Bush, Alabama

☆ Thanksgiving weather: A winter storm is coming with a side of the coldest air in months
▼ + stars: | 2024-11-25 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

The storm will roll through parts of the Midwest and South Wednesday night and spread across the East on Thanksgiving Day. Scenario one: A stronger, faster stormThe first scenario would have a storm develop in the Plains Wednesday and strengthen as it heads east. CNN WeatherBut how close to the coast the storm lingers once it reaches the Atlantic Friday will affect post-holiday travel. Wet weather would be minimal for these areas if the storm tracks farther away from the coast Friday. The push of frigid air later this week will also flip the switch on the Great Lakes’ lake-effect snow machine.

Persons: Nature, Philadelphia hasn’t Organizations: CNN, Midwest, Black, New England Coast, East, Philadelphia, New Locations: United States, Midwest, Carolinas, New England, Maine, Mississippi, Tennessee, Boston, Chicago, North Dakota, Gulf, New York City

☆ Can Saudi Arabia keep pace with its ambitious mega-project spending spree?
▼ + stars: | 2024-11-25 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Digital render of NEOM's The Line project in Saudi Arabia The Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. The changes come as the Saudi deficit grows and the outlook for oil demand, along with global oil prices, sees sustained lows. Construction for The Line project in Saudi Arabia's NEOM, October 2024 Giles Pendleton, The Line at NEOMThat begs the question: does Saudi Arabia have enough money to meet its lofty goals? Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns." Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch.

Persons: Prince Mohammed bin Salman, Saudi Arabia's NEOM, Giles Pendleton, Andrew Leber, Leber, Mohammed Al, Jadaan Organizations: Saudi, Public Investment Fund, CNBC, Tulane University, Saudi Finance, Fitch, —, P Global, Al Locations: Saudi Arabia, NEOM, Saudi, Neom, Saudi Arabia's, Riyadh

After Matt Gaetz withdrew from consideration for attorney general, President-elect Donald Trump selected former Florida Attorney General Pam Bondi for the role. Trump’s choice for second-in-command at the Justice Department is Todd Blanche, who served as his lead criminal defense lawyer in the Stormy Daniels hush money case. Jordan’s government communications minister, Mohamed Momani, described the shooting as a terror attack that targeted public security forces in the country. The one-two punch of witches and warriors delivered a strong box office weekend to kick off the holiday season. “Wicked,” the first of a two-film adaptation of the hit Broadway musical, dominated with an estimated $114 million in North America alone.

Persons: Matt Gaetz, Donald Trump, Pam Bondi, Bondi, indicting Trump, Todd Blanche, Daniels, Blanche won’t, Blanche, he’s, Rabbi Zvi Kogan, Benjamin Netanyahu, Mohamed Momani, Urologist, Darius Paduch’s, Weill, Weill Cornell urologist, Maansi Srivastava, Darius Paduch, Paduch, Press Sen, Eric Schmitt, “, ” Schmitt, Kristen Welker, Trump, Schmitt, ”, Republican Sen, Markwayne Mullin, Sarah McBride, Caroline Choe, lar Organizations: FBI, Trump, Justice, Justice Department, UAE, United Arab Emirates, Chabad Lubavitch, Jewish, Weill Cornell, NBC News BR, BR, Press, Promotion, Republican, American Farm Bureau, NBC News, Paramount Pictures Locations: Florida, Trump, Moldovan, Abu Dhabi, New York, Gulf, Jordan, Afghanistan, Turkey, North America

☆ Israel says missing rabbi was killed in UAE in 'antisemitic terrorist' murder
▼ + stars: | 2024-11-24 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +3 min

A missing Israeli-Moldovan rabbi has been found dead in the United Arab Emirates, in what Israel called an antisemitic murder on Sunday. The Israeli government said the death of Rabbi Zvi Kogan, who has been missing in the Gulf state since Thursday, was a "criminal antisemitic terrorist event." A man walks past Rimon Market, a Kosher grocery store managed by the late Rabbi Zvi Kogan, in Dubai, United Arab Emirates, on Sunday. The United Arab Emirates government gave no immediate comment or acknowledgment that Kogan had been found dead. Jamshid Sharmahd, an Iranian-German software developer living in California, was kidnapped in 2020 during a stopover in the United Arab Emirates and taken to Iran.

Persons: Rabbi Zvi Kogan, Benjamin Netanyahu, “, ” Chabad, ”, Jon Gambrell, Isaac Herzog, Kogan, Zvi Kogan, Jamshid Sharmahd, Netanyahu’s Organizations: Moldovan, United Arab, Chabad Lubavitch, Jewish, Lubavitch, Israel’s National Security Bureau, Sunday, United Arab Emirates, Emirati Interior Ministry, NBC News, UAE's Ministry of Foreign Affairs, Israel, The UAE Locations: United Arab Emirates, Israel, Gulf, Abu Dhabi, New York, UAE, Dubai, Iran, Gaza, Lebanon, The, Iranian, California

☆ Rich nations raise COP29 climate finance offer in bid to break deadlock
▼ + stars: | 2024-11-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

The agreement was criticized by developing nations, who called it insufficient, but United Nations climate chief Simon Steill hailed it as an insurance policy for humanity. It also laid bare divisions between wealthy governments constrained by tight domestic budgets and developing nations reeling from costs of storms, floods and droughts. Delegates applaud during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan on Nov. 24, 2024. Donald Trump’s victory this month has raised doubts among some negotiators that the world’s largest economy would pay into any climate finance goal agreed in Baku. The showdown over financing for developing countries comes in a year that scientists say is destined to be the hottest on record.

Persons: Simon Steill, we’ve, ” Steill, Murad Sezer, Donald Trump’s Organizations: Nations, COP29 United, Change, Republican Locations: BAKU, Baku, Azerbaijan, Paris, U.S, Canada, China, Baku . Trump, Ukraine, Africa, Asia, South America, Valencia, Spain

In a joint statement Sunday, the Israeli Prime Minister’s Office and the Ministry of Foreign Affairs said Kogan’s body had been located by UAE authorities. “The murder of Tzvi [Zvi] Kogan, of blessed memory, is a heinous antisemitic terrorist act. The State of Israel will use all means at its disposal to bring the perpetrators of this crime to justice,” the statement said. Kogan worked alongside other Chabad emissaries to establish and expand Judaism in the UAE. Relations between the UAE and Israel thawed in recent years.

Persons: ” Zvi Kogan, Tzvi, Zvi, Kogan, Israel Katz, “, Zvi Kogan, Rivky, Rabbi Gavriel Holtzberg, Israel thawed, Abraham Organizations: CNN, United Arab, Moldovan, Prime, Office, Ministry of Foreign Affairs, UAE, Israel’s Defence, Abraham Accords, Reuters Locations: United Arab Emirates, Dubai, State, Israel, UAE, Mumbai, Gulf

President-elect Donald Trump on Friday asked Scott Bessent, a top fundraiser to his campaign, to serve as secretary of the Treasury Department, two sources familiar with the matter confirmed to NBC News. And with Trump proposing aggressive tariffs on imports from countries spanning the globe, the new Treasury Department chief will have to manage relationships with global finance ministers who may choose to retaliate with tariffs of their own. With inflation moderating over the past year, the Powell-led Fed has cut interest rates as part of a bid to stop high borrowing costs from unduly raising unemployment. In Trump’s first term, he tapped banker Steven Mnuchin to lead the Treasury Department. But his tenure at the Treasury Department was more stable than those of other high-level Cabinet posts in Trump’s first term.

Persons: Donald Trump, Scott Bessent, Bessent, Trump, Jerome Powell, “, ” Powell, Powell, Steven Mnuchin, Mnuchin, Trump’s Organizations: Treasury Department, NBC News, Senate, White, Republican, Congress, Federal Reserve, Bloomberg News, Fed, CNBC Locations: Hollywood

☆ Opinion | A Range of Lessons From Trump’s Victory
▼ + stars: | 2024-11-22 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Enough,” by Roxane Gay (Opinion, Nov. 17):I empathize with Ms. Gay’s feelings regarding not yielding “even a little” to Trumpism’s “odious politics.” But we also cannot be naïve about what’s necessary to most effectively fight and defeat Trumpism: political power. To win future elections Democrats — increasingly the party of well-educated, well-off citizens who have the privilege of voting based on concerns over the rule of law and cultural issues, not whether they can pay this month’s rent — do not need to cater to all who voted for Donald Trump. They just need to win over a small slice of the electorate that may have voted for previous Democratic candidates but, perhaps holding their noses, didn’t in 2024. They must acknowledge many voters’ fear, anger and insecurity over both major parties failing for decades to adequately address ever-increasing income and wealth inequality — that even when “the economy” improves, too often everyday workers still fall farther and farther behind. And they must relentlessly focus electoral messaging on their plans for how to repair this ever-worsening economic gulf.

Persons: Roxane Gay, Trumpism’s, —, Donald Trump Organizations: Democratic

☆ Rare first edition of Machiavelli’s ‘The Prince’ goes up for auction
▼ + stars: | 2024-11-22 | by ( Amarachi Orie | ) edition.cnn.com time to read: +4 min

And now, an extremely rare first edition of his most famous work, the political manual “The Prince,” is going up for auction, with an expected sale price of up to £300,000 ($375,000). The copy of the early 16th-century book is one of only 11 first editions to be recorded, according to auction house Sotheby’s. The book was printed in 1532 and bound with Machiavelli's "Florentine Histories" in an Italian binding, according to Sotheby's. Heaton said the auction house is “delighted” and “excited” to offer the “incredibly rare book” at Sotheby’s in London in its next Books & Manuscripts auction, which runs from November 28 to December 12. The political treatise, dedicated to Florentine ruler Lorenzo di Piero de’ Medici, was circulated as a manuscript before Machiavelli’s death in 1527.

Persons: Niccolò Machiavelli, ”, ” Gabriel Heaton, Heaton, “, Machiavelli, , Medici, Prince ”, Lorenzo di Piero de ’ Medici, Biagio Buonaccorsi, ” Machiavelli Organizations: London CNN, Sotheby’s, CNN, Catholic Church Locations: Italian, Italy, Sotheby’s, London, Florentine, Casciano

☆ Trump is laying the groundwork for his 'drill, baby, drill' agenda
▼ + stars: | 2024-11-21 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +8 min

If confirmed by the Senate, three key nominees would largely be responsible for executing Trump's "drill, baby, drill" agenda across the federal government. The Interior Department leases millions of acres of public lands and waters for oil and gas drilling. The oil and gas industry is pushing the Trump administration to issue a new five-year offshore-leasing program. Woods of ExxonMobil told Semafor last week that the Trump administration should keep regulations to curb methane emissions from oil and gas infrastructure. But Trump attacked electric vehicles on the campaign trail, adopting the oil and gas lobby's messaging.

Persons: Donald Trump, Doug Burgum, Chris Wright, Trump, Lee Zeldin, Trump's, Karoline Leavitt, Vance, Wright, Biden, Amanda Eversole, Kenny Stein, Darren Woods, Stein, It's, Woods, Semafor, David Brown, Wood Mackenzie Organizations: Interior, Energy, Senate, Trump, Interior Department, Liberty Energy, Environmental Protection Agency, National Energy Council, Truth, Energy Department, Republicans, of, American Petroleum Institute, American Energy Alliance, CNBC, EPA, ExxonMobil, US Locations: Gulf of Mexico, North Dakota, New York, Saudi Arabia, Qatar, Russia, Europe, Gulf, Mexico, Wood

☆ Target's recent trade imports data tells the real story behind massive earnings miss
▼ + stars: | 2024-11-21 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

But cargo container trade data reviewed by CNBC tells a more nuanced tale. "We took some action to move product ahead of the port strike which came with more cost," Fiddelke said. Target's peak season imports for 2024 compared to 2023 were flat to down, according to cargo container volumes data pulled and analyzed by ImportGenius. According to customs data aggregated by Panjiva, Walmart imported 25,000 shipments from May 31-August 31, valued at $1.3 billion. "With any frontloading for the port strike, inventory would be up even higher than that."

Persons: Brandon Bell, Brian Cornell, Michael Fiddelke, Fiddelke, William George, Lynn Hughes, we're, Jerry Storch, Storch, Joe Feldman, Feldman, Bill Simon, Simon, Melissa Repko Organizations: Getty, CNBC, Target, ILA, ImportGenius, Storch Advisors, Panjiva, Walmart, Telsey Locations: Austin , Texas, U.S, New England, Texas, West Coast, Savannah , Georgia, Long Beach , California, of Virginia, West, East Coast, Gulf

☆ A Chinese ship was near both subsea internet cables that were mysteriously cut, report says
▼ + stars: | 2024-11-20 | by ( Mikhaila Friel | Tom Porter | ) www.businessinsider.com time to read: +3 min

AdvertisementA Chinese ship was seen near severed Baltic Sea internet cables, the FT reported. Sweden is investigating the sighting of a Chinese vessel near where two Baltic Sea internet cables were severed, the Financial Times reported. AdvertisementThe Danish defense ministry said it was "in the area near" the Chinese ship in a statement on X Wednesday, amid unconfirmed reports that Danish officials had boarded the vessel. The International Union of Marine Insurance estimates that repairing damaged cables usually costs between $7 and $12 million. AdvertisementIt comes amid tensions between the West and China over its support of Russia in the war against Ukraine.

Persons: Boris Pistorius, Yi Peng, Erin Murphy, Murphy Organizations: Financial Times, FT, Danish Navy, Strategic, International, Russia, Foreign, International Union of Marine Insurance, Ukraine, Sweden's Ministry, Foreign Affairs, Marine, China's Embassy, Business Locations: Sweden, China, Lithuania, Sweden's Gotland, Russia, Ukraine, Germany, Finland, France, Italy, Poland, Britain, Egypt, Gulf of Finland, West

☆ Trump’s turn to bask in Musk’s reflected glory
▼ + stars: | 2024-11-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Musk, the Tesla and SpaceX visionary, has spent the last two weeks basking in Trump’s reflected glory at Mar-a-Lago. He’s around so much it’s almost like he’s family, and he even made it into a photo of Trump’s extended clan. Trump’s growing cultural cloutTrump’s visit to Musk’s launchpad was also the latest occasion since the election when he has inserted himself into high-profile photo-ops. The hit perhaps reflects Trump’s starry-eyed infatuation with Musk’s amazing array of spaceships and limitless ambition. With Musk, Trump might get more than he bargained for.

Persons: Donald Trump, Elon Musk, Robert F, Kennedy Jr, —, “, ”, Trump, Rushmore, Donald Jr, Texas Sen, Ted Cruz, Ronny Jackson, Musk, it’s, ” Trump, Greg Autry, Vivek Ramaswamy, Chandan Khanna, It’s, Kena Betancur, Joe Rogan, Theo Von, Musk’s launchpad, who’s, Anna Moneymaker, Kim Jong Un, MAGA, Elton John, DOGE, Andrew Harnik, Tim Pawlenty, CNN’s Erin Burnett, “ Trump, Volodymyr Zelensky, Emmanuel Macron, Kim Organizations: CNN, Elon, SpaceX, Texas, White, Trump, University of Central, of Government, Fox News, Tesla, UFC, Madison, Getty, YouTube, Barstool Sports, Republican Party, House Republicans, Hyatt, Minnesota Gov Locations: Texas, Washington, New York, Great State of Texas, He’s, Trump, Gulf of Mexico, United States, University of Central Florida, AFP, Novi , Michigan, Korean, Washington ,, Mar, Minnesota, Russia, Paris

☆ Hurricanes are being turbocharged by climate change. This season is proof
▼ + stars: | 2024-11-20 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

CNN —Record-breaking ocean temperatures, fueled by planet-warming pollution, have turbocharged dozens of Atlantic hurricanes over the last few years, making them more potent and dangerous by increasing their wind speeds. Every hurricane in the 2024 Atlantic hurricane season was made stronger than it otherwise would have been without human-caused climate change, according to analysis from nonprofit climate research group Climate Central. Wind speeds of the 11 hurricanes were increased by 9 to 28 mph by water that was up to 2.5 degrees Fahrenheit warmer because of climate change. Nine of this season’s 11 hurricanes rapidly intensified and climbed up the hurricane category scale due to climate change-driven ocean heat. Climate Central researchers also found that human-caused climate change made exceptionally warm ocean temperatures that fueled Milton’s explosion 400 to 800 times more likely.

Persons: ”, Daniel Gilford, Hurricane Milton, Milton wouldn’t, Chandan Khanna, Debby, Oscar, Jim Kossin, Kossin, he’s Organizations: CNN, Climate, Climate Central, Simpson, National Oceanic, Atmospheric Administration, Water, Hurricanes, Hurricane, National Hurricane Center . Climate, Getty, NOAA Locations: Gulf of Mexico, Hurricane, Siesta Key, Florida

☆ SpaceX completes sixth Starship flight, with both booster and spacecraft splashing down
▼ + stars: | 2024-11-19 | by ( Michael Sheetz | ) www.nbcnews.com time to read: +4 min

SpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up momentum of the mammoth vehicle’s development. Pushing the envelopeSpaceX has flown the full Starship rocket system on six spaceflight tests so far since April 2023, at a steadily increasing cadence. The company said on its website that it made hardware upgrades to the rocket’s booster for improved redundancy and improved structural strength. The Starship system is designed to be fully reusable and aims to become a new method of flying cargo and people beyond Earth. Fully stacked on the Super Heavy booster, Starship stands 397 feet tall and is about 30 feet in diameter.

Persons: Elon Musk’s, Donald Trump, Trump, SpaceX’s, Musk Organizations: SpaceX, Federal Aviation Administration, Super Locations: Brownsville , Texas, Gulf, Mexico, Florida

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