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Stocks exploded higher, bonds tanked and crypto boomed to historic peaks, indicating lofty hopes for when the president-elect takes office in January. However, there's still a lot of game left to be played, and the score could change a lot in future days. Essentially, strategists worry Trump's plan for punishing tariffs, higher spending and lower taxes will send bond yields higher, generally a recipe for trouble in stocks. "The question for me is how much can the Trump rally extend in the short term, but it strikes me that selling long positions into a rally makes a good deal of sense." "This suggests an asymmetric risk/reward framework with a much higher probability of downside than upside," said Lisa Hornby, head of U.S. fixed income at Schroders.
Persons: Donald Trump's, Stocks, there's, Mark Dowding, Lisa Hornby Organizations: Trump, RBC Global Asset Management, Federal Reserve Locations: U.S, Schroders
AutoStore , founded in 1996 and listed since 2021 in Norway, provides robots and technology to automate traditional warehouses. The company has grown to control approximately 80% to 90% of the market, according to German investment bank Berenberg. The investment bank initiated coverage with a price target of 15 Norwegian kroner ($1.37), pointing to roughly 50% upside from the current share price level. Analysts at Norway-based Arctic Securities have the most bullish outlook with an 18 Norwegian krone price target, indicating a 78% upside. Instead, they cited media reports that Amazon will likely rely on AutoStore's technology in its grocery rollout in the United States.
Persons: Lasse Stueben, Stueben, Martin Wilkie, Berenberg Organizations: Citi, THG plc, Securities, Big Tech Locations: AutoStore, Norwegian, Norway, Germany, Europe, British, United States
Bangkok AP —A bus carrying young students and their teachers on a school trip caught fire in suburban Bangkok on Tuesday, leaving more than 20 feared dead, officials and rescuers said. Police were still working to identify the dead but three teachers and 20 students remain unaccounted for, Kitrat said. The bus caught fire as it was carrying young students with their teachers in suburban Bangkok. Videos posted on social media showed the entire bus engulfed in a fire with black smoke pouring out of the bus. A woman seen crying after the bus accident that was carrying students and teachers on Vibhavadi Rangsit road at the outskirts of Bangkok.
Persons: Kitrat Phanphet, Kitrat, Sakchai Lalit, , Anocha Takham, Peerapon Boonyakiat, Paetongtarn Shinawatra, Paetongtarn Organizations: Bangkok AP, Acting, Police, patRangsit Hospital, Government, World Health Organization Locations: Bangkok, Uthai Thani, Pathum Thani, Thailand’s, Peerapon, Thailand
Piper Sandler upgraded shares of Salesforce to overweight, with its new price target implying upside of more than 20%. Helfstein placed a $45 price target on shares, implying about 48% upside from Monday's close. Along with the downgrade, Low reduced the firm's oil price target to $75 from $80 a barrel. — Samantha Subin 6:02 a.m.: Jefferies downgrades Starbucks to underperform Jefferies is bracing for more troubles ahead for shares of Starbucks . SBUX mountain 2024-06-28 SBUX in Q3 — Samantha Subin 5:45 a.m.: Piper Sandler upgrades Salesforce Piper Sandler is turning more bullish on shares of Salesforce .
Persons: Piper Sandler, Lowe's, Oppenheimer, Jason Helfstein, Pinterest, Helfstein, — Samantha Subin, Jefferies, Keith Devas, Samantha Subin, Peter Low, underperform Jefferies, Andy Barish, Barish, they've, Salesforce Piper Sandler, Brent Bracelin, Bracelin, Brian Nagel, Nagel, it's, Fred Imbert Organizations: CNBC, Oppenheimer, Amazon, Google, Kenvue, Atlantic, Exxon Mobil, BP, Starbucks, U.S, Federal Reserve Locations: China, Salesforce, Monday's
He's also outperformed the S&P 500 over that time by returning 14% per year on average versus the index's 13.8% annualized gains. Between July and September 1999, Buffett shared his outlook for the market in a series of talks that were summarized by Fortune's Carol Loomis in November of that year. AdvertisementSince then, however, investors have enjoyed 15 years of ultra-low interest rates and growing corporate profits — a fact that has Smead worried. "The only problem is it's a curse on long-term S&P 500 performance," Smead said of the 15-year run. Related storiesBaked into Smead's outlook is an against-consensus view that inflation is set to surge again as the Fed cuts interest rates.
Persons: , Bill Smead, Warren Buffett, Charlie Munger, Smead, Munger, He's, Buffett, Fortune's Carol Loomis Organizations: Service, Business, Morningstar, Apple, Bank of America
A long road It's been a long and winding road for Waymo since its inception in 2009 as Google's self-driving car project. The robotaxi service now has about 700 autonomous vehicles on the road across its markets. That changed about a year ago , when Uber added Waymo vehicles to its app. In February, Waymo recalled 444 of its vehicles after two Waymo vehicles hit a towed pickup truck in Phoenix. A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024.
Persons: Uber, Waymo, Tesla, it's, Jim Cramer, Jim, Morgan Stanley, Cowen, Cowen's — Bernstein, Brad Erickson, Andreessen Horowitz, Alphabet's, Ruth Porat, Erickson, Dara Khosrowshahi, Cruise, Uber's Khosrowshahi, Ethan Teicher, Tesla's, Jim Cramer's, Patrick T, Fallon Organizations: Waymo, Austin, RBC Capital Markets, CNBC, Bank of America, Aurora Innovation, General Motors, AFP, Getty Locations: West Coast, Atlanta, Austin , Texas, Phoenix, San Francisco, Los Angeles, U.S, Waymo, Austin, San Francisco , Los Angeles, Los Angeles , California
But Lucy Guo, the 29-year-old cofounder of data labeling startup Scale AI blurs the line between the two archetypes. Yet this is the persona many have come to know since Guo left Scale AI in 2018. But, midway through the program, they pivoted again, this time to what would eventually become Scale AI. Lucy GuoThe idea of Scale AI came from a suggestion by one of their YC roommates, who proposed creating an "API for humans." Advertisement"The itch to build"After Scale AI, Guo decided to apply her learnings to a new entrepreneurial opportunity: investing.
Persons: , Lucy Guo, Billie Eilish, Charlie XCX, Guo, she's, Adam D'Angelo, Alexandr Wang, Alex, Wang, Guo's, Cruise, Dave Fontenot, Kylie Jenner's lipsticks, Jake Paul's, Passes Organizations: Service, Business, Fry's Electronics, Carnegie Mellon University, Thiel, Facebook, Multicoin, Bond Locations: Miami, Fremont , California, San Francisco, China, hackathons, Quora
Read previewWarning: Spoilers ahead for "Deadpool & Wolverine." Ryan Reynolds joked that "Deadpool 4" won't happenRyan Reynolds at the world premiere of "Deadpool & Wolverine" in July 2024. He explained that his family wouldn't be happy if he jumped into another sequel so soon after "Deadpool & Wolverine." The door is seemingly open for "Deadpool 4" and beyondHugh Jackman as Logan/Wolverine and Ryan Reynolds as Wade Wilson/Deadpool in "Deadpool & Wolverine." Plus, it would be the ultimate payoff for the opening scene in "Deadpool & Wolverine," where Wilson unsuccessfully applies to join the Avengers.
Persons: , Wade Wilson, Ryan Reynolds, Hugh Jackman, Wilson, Evan Agostini, Reynolds, Jimmy Fallon, Deadpool, hasn't, Jackman, Wolverine, Logan, Jay Maidment, Cassandra Nova, Emma Corrin, Matthew Macfadyen, Hunter B, Vanessa, Morena, Russo Organizations: Service, Business, Marvel, Marvel Studios Locations: Logan
The Iran-backed Houthi militia claimed responsibility for a drone attack in central Tel Aviv that crashed into a building near the U.S. consulate early Friday, killing at least one person. No alarms were activated in the attack, the Israeli military said earlier in a statement. The Israeli military official said it was possible that the country’s defense systems had registered the drone but misidentified it. Ron Huldai, the mayor of Tel Aviv, said the city was on heightened alert. The man was found in his apartment and had shrapnel injuries, the Tel Aviv police said in a statement.
Persons: Yahya Sarea, Ron Huldai, , Zaki Heller, Roee Klein, Witnesses, Matthew Mpoke Bigg, Aaron Boxerman, Ronen Bergman Organizations: Tel, Hamas, Tel Aviv police Locations: Iran, Tel Aviv, U.S, Yemen, Israel, Red, Lebanon, Gaza
Read previewThis as-told-to essay is based on a conversation with Jimmy Sweeney, a 31-year-old dad who has been traveling the world with his wife, Brooke, and 4-year-old daughter, Isla, to find a new home since June 2023. Brooke and I have always loved traveling, and having a kid, we knew we didn't want to change that. We sold our house and started our journey in EuropeWe put our house on the market in April of last year. Seeing the stories kids in a place are growing up with is a great way to learn about a culture. We've loved a lot of places so farIt doesn't take long to understand whether you relate to or feel a part of somewhere.
Persons: , Jimmy Sweeney, Brooke, I've, We've, it's, Brooke Sweeney, Jimmy Sweeney I've, Isla, Jimmy Sweeney It's, We're, that's, You'll, Sweeney Organizations: Service, New Zealand, Business, China Locations: Australia, New, Fort Worth , Texas, Texas, Europe, Florida, Taiwan, Munich, Germany, New Zealand, Japan, Kuala Lumpur, Southeast Asia, Spain, Denmark, Goreme, Amber, Jaipur, India
It’s hard to name just one noteworthy guest who attended the Fourth of July White Party hosted by the business mogul Michael Rubin and his fiancé, the model Camille Fishel, this year. Tom Brady, Kim and Khloé Kardashian, Megan Fox, Drake and Emily Ratajkowski were only some of the celebrities in bright white outfits who flitted about the couple’s sprawling Long Island estate on Thursday, rubbing elbows and generating content galore. It was the fourth edition of Mr. Rubin and Ms. Fishel’s annual Independence Day bash in the Hamptons where bodycon dresses reign supreme. “Imagine walking into Liv Miami,” Ms. Fishel, 33, said in an interview. The property is flanked by views of Mecox Bay on one side, and ocean vistas on the other.
Persons: Michael Rubin, Camille Fishel, Tom Brady, Kim, Khloé Kardashian, Megan Fox, Drake, Emily Ratajkowski, Rubin, Liv Miami, Ms, Fishel, , , Mr Organizations: White, Hamptons, The New York Times, Real Locations: Long, fraternize, Water Mill, N.Y, Mecox
Scientists have now found evidence that a group of the winged travelers flew over 2,600 miles (about 4,200 kilometers) across the Atlantic Ocean without stopping, according to a new study published June 25 in the journal Nature Communications. The insects, which are not usually found in South America, were worn out with holes and tears in their wings. Tracking a butterflyResearchers took a few crucial steps to confirm these out-of-place butterflies really did travel across the ocean. By this method, the scientists concluded the butterflies’ birthplace to be in either Western Europe, North Africa or West Africa, she added. The researchers hope to use the same techniques to investigate the migration patterns of other species of butterflies, she added.
Persons: Dr, Gerard Talavera, Vanessa cardui, , Talavera, ” Talavera, , Floyd Shockley, Shockley, Megan Reich, ” Reich, ” Shockley Organizations: CNN, Nature Communications, Spanish National Research Council, Botanical Institute of Barcelona, Migration, Smithsonian National Museum of, University of Ottawa Locations: Guiana, South America, Europe, Saharan Africa, Washington , DC, North America, Ontario, Western Europe, North Africa, West Africa, Africa
Teyoshe Smith often made charcuterie spreads for family gatherings before she started a side hustle to sell her elaborate creations. "Crafting elaborate charcuterie spreads from exceptional ingredients became my idea of Southern comfort," Teyoshe says. Bite by Bite & Co.'s charcuterie spreads come in all sizes, from small boards to grazing tables several feet long. Since starting her business, Teyoshe has taught hundreds of people how to craft their own boards through charcuterie workshops she runs both virtually and in person. In 2023, the company brought in about $379,000 in sales, up from about $84,000 in 2022.
Persons: Teyoshe Smith, I've, pepperoni, Teyoshe, , We've Organizations: Facebook, Capital Locations: Southern, Richmond , Virginia, America, Atlanta , Georgia, Virginia, Georgia
Asia’s 50 best restaurants for 2024 revealed
  + stars: | 2024-03-27 | by ( Karla Cripps | ) edition.cnn.com   time to read: +5 min
CNN —After losing the number one spot to Bangkok in 2023, Tokyo has reclaimed its crown as the city with the top eatery in the region at the annual Asia’s 50 Best Restaurants Awards, which were announced in Seoul, South Korea on Tuesday evening. The list – part of the global “World’s 50 Best” brand – is compiled by the Asia’s 50 Best Restaurants Academy, which is made up of more than 300 food critics, writers, chefs and restaurateurs, all selected for their knowledge of Asia’s restaurant scene. Though Singapore didn’t have any restaurants in the top five, nine of its venues made the top 50 list – more than any other city. Courtesy The World's 50 BestThe “Asia’s Best Female Chef” award went to Pichaya ‘Pam’ Soontornyanakij, owner of Bangkok restaurant Potong, which came in at 17 on this year’s list. Mineko Kato of restaurant Faro in Tokyo won the Asia’s Best Pastry Chef award and Kevin Lu of Logy, in Taipei, was voted Asia’s Best Sommelier.
Persons: Daniel Calvert, Calvert, , , Sézanne, I’ve, we’d, Gaggan, Seroja, Gaggan Anand, Thitid “, Sühring, Le Du –, Ton, Bangkok –, Odette, Pichaya, Pam ’ Soontornyanakij, Ton’s Nusara, Mineko Kato, Kevin Lu, Logy, Sung Anh, Mosu, Danny Yip, Hong, Le, Fu, Hui, Samrub, Villa, Ling Long, Ando, Les Amis, Baan, Goh, Anan, Tam’s Organizations: CNN, Marunouchi, Restaurants Academy, Hospitality, Toyo, Meta, Studio, Bund Locations: Bangkok, Tokyo, Seoul, South Korea, Japan, France’s Champagne, Maronouchi, Asia, , Kolkata, Hong Kong, Singapore, Thai, ” Singapore, Faro, Taipei, Nusara, Suhring, Osaka, Odette, Sorn, Le Du, Potong, Shanghai, Logy, Masque, Mumbai, Manila, Delhi, Seroja, Taichung, Taiwan, Mume, Wakayama, Lolla, Avartana, Chennai, India, Fukuoka, Jakarta, Kyoto, Anan Saigon, Ho Chi Minh City, Macao
Read previewA Ukrainian soldier fighting near the country's northern front line has described the menace of Russia's bombardment, telling the Times of London that they are "losing so many people, there are so many bodies we can't even bring them all back." AdvertisementA major factor in the current Russian offensive is glide bombs, which Russia has stepped up the use of in the last three months. Glide bombs were a factor in the Russian capture of Avdiivka in mid-February, its only major success in recent months. Maksym Zhorin, a soldier in Ukraine's 3rd Separate Assault Brigade, said in a Telegram post during that battle that glide bombs "completely destroy any position," The Washington Post reported. However, these present no barriers for glide bombs.
Persons: , Maksym, Mykola Bielieskov Organizations: Service, Business, for, Kyiv Post, Assault Brigade, Washington Post, Times, Kyiv's National Institute for Strategic Studies, Post, Ukrainian Locations: of London, Kupiansk, Ukraine's Kharkiv Oblast, Russia, Bakhmut, Kyiv, Avdiivka, Ukraine
A treasure trove for Biden watchers and historiansIn the interview, Biden speaks at length and fluently, easily recalling in-depth details about his vice presidency, family life and lore. One good week does not make a campaignOne person not ready to let the age issue go is Trump, who himself is 77. The former president’s focus on Biden’s age reflects the fact that one good week will not change a harsh reality of the coming eight months. Outside Washington and the self-contained world of politics and campaigns, concerns about Biden’s age will be hard to shift. The age issue was rumbling long before it became a major campaign issue.
Persons: Joe Biden, Biden, Robert Hur’s, Donald Trump, Beau, Hur, Trump, He’s, Jill Biden, there’s, Scott Fitzgerald, Mr, ” Hur, , – Biden, Alabama Sen, Katie Britt, “ I’m, ” Biden’s, president’s, , CNN’s MJ Lee, – it’s, who’s Organizations: CNN, Republican, Democratic, Wisconsin, GOP, Mar, Biden, Alabama, Trump, Air Force, New York Times, Siena College, Union, White House Locations: Mexico, Egypt, Maryland, Delaware, Mongolia, Scranton, Pennsylvania, Thursday’s, Washington, Siena, State
Goldman Sachs lowered its rating on Estée Lauder to neutral, and its new price target calls for a slight decline going forward. Elsewhere, Daiwa raised its price target on Nvidia, which points to more than 10% upside over the next 12 months. The firm stood by its outperform rating on the chipmaker stock, but lifted its price target to $900 from $535. FLYW YTD mountain FLYW in 2024 Faucette accompanied his downgrade by lifting his price target to $30 from $27. He also lifted his price target on the stock to $40 from $30, implying upside of 24.6% from Thursday's close.
Persons: Goldman Sachs, Estée Lauder, Jefferies, Root, Daiwa, Brad Sills, Sills, — Lisa Kailai Han, Stephens, Vita Coco, Coco, Jim Salera, COCO, Lisa Gill, Gill, Louis Miscioscia, Miscioscia, Lisa Kailai Han, Piper Sandler downgrades, Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Morgan Stanley downgrades Flywire, Morgan Stanley, James Faucette, Faucette, Goldman Sachs downgrades Estée Lauder, Lauder, Goldman, Yaron Kinar, Kinar, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, of America, Vertex, Accenture, RSM, BDO, JPMorgan, Daiwa, Markets, Riding, AMD, Intel, York Community Bancorp, York Community, New York Community Bancorp, Travel, B2B, U.S, Jefferies Locations: York, Canada, Asia, China, Hainan, Thursday's
Mexico City CNN —Alejandro Gomez has been without proper running water for more than three months. Historic lowsDensely populated Mexico City stretches out across a high-altitude lake bed, around 7,300 feet above sea level. The Cutzamala water system, a network of reservoirs, pumping stations, canals and tunnels, supplies about 25% of the water used by the Valley of Mexico, which includes Mexico City. She and her family often have to pay more than $100 for a tank of water from one of the city’s water trucks. “I don’t think anyone is prepared.”CNN’s Laura Paddison and Jack Guy reported from London, and Fidel Gutiérrez reported from Mexico City.
Persons: Mexico City CNN — Alejandro Gomez, Gomez, , Christian Domínguez Sarmiento, Jose Alfredo Ramirez, Cesar Rodriguez, it’s, It’s, Fabiola Sosa, ” Germán Arturo Martínez Santoyo, Raquel Cunha, Garcia, Becerra, La Niña, El Niño, UNAM’s Sarmiento, Conagua, Andrés Manuel López Obrador, Martí Batres Guadarrama, Sosa, Rodríguez, , Henry Romero, Márquez, doesn’t, , ” Sosa, Amanda Martínez, Laura Paddison, Jack Guy, Fidel Gutiérrez Organizations: Mexico City CNN, CNN, Authorities, National Autonomous University of Mexico, Bloomberg, Getty, Metropolitan Autonomous University, Reuters, University of Northern, Local, Mexico City’s, Cape Town, Advisory, Mexico City Locations: Mexico, Mexico City’s Tlalpan, doesn’t, Mexico City, UNAM, Tenochtitlan, Spanish, Conagua, Cutzamala, Villa, Villa Victoria, University of Northern British Columbia, Iztapalapa, South Africa, Tlalpan, London
DNA test kit horror story
  + stars: | 2024-02-14 | by ( Rob Kuznia | Allison Gordon | Nelli Black | ) edition.cnn.com   time to read: +22 min
The near-absence of laws criminalizing the practice of fertility fraud until recently means no doctors have yet been criminally charged for the behavior. In 2019, Indiana became the second state, more than 20 years after California, to pass a statute making fertility fraud a felony. He added some of his biological children have “expressed gratitude for their existence” to him and even sent him photos of their own children. Cline’s case spurred lawmakers to pass legislation that outlawed fertility fraud but wasn’t retroactive, meaning he was never prosecuted for it. “In fertility fraud, no parent is saying that – no parent is saying I would have gotten an abortion,” she said.
Persons: Hill, , Burton Caldwell, , ” Hill, we’ve, , Jody Madeira, Laura Oliverio, wasn’t, Eve Wiley, Marvin Yussman, Yussman, Victoria Hill, ” Yussman, Dr, Donald Cline, general’s, Cline, Stephanie Bice, Mikie Sherrill, New Jersey Democrat –, Kelly Wilkinson, Katherine L, Kraschel, Julia T, Woodward, Laura High, we’re, ’ Let’s, it’s, let’s, OBGYN Narendra Tohan, isn’t, Tohan, , Janine Pierson, Doreen Pierson, Caldwell –, Doreen, Alyssa Denniston, Caldwell, Pierson, ” Pierson, she’d, doesn’t, texted, Jamie LeRose, Maralee Hill, Victoria, Sean Tipton, Tipton, Caldwell “, didn’t Organizations: CNN, Indiana University, Savin Rock, CNN CNN, Netflix, Oklahoma Republican, New, New Jersey Democrat, Indianapolis Star, DC, Northeastern University, Duke University Health System, CNN Fertility, United, American Society for Reproductive Medicine, Seagulls Locations: Connecticut, Savin Rock Beach, West Haven , Connecticut, Indiana, California, Kentucky, Wethersfield , Connecticut, Oklahoma, New Jersey, Indianapolis, Wethersfield, New Britain, Madeira, Yale, Victoria, Hartford , Connecticut, Victoria Hill's, Norwalk, Norway, Germany, United States, Cheshire, New Haven
Most U.S. adults believe that air travel is generally safe in the U.S., despite some doubts about whether aircraft are being properly maintained and remain free from structural problems. About 7 in 10 U.S. adults say planes are a “very” or “somewhat” safe method of travel, according to a new poll from The Associated Press-NORC Center for Public Affairs Research. Slightly fewer than half — 45% — have “a great deal” of confidence in pilots' training, while 38% say that about air traffic controllers. About one-quarter of U.S. adults have a high level of confidence that air travel is safe from terrorist attacks, or that government agencies have enacted necessary safety regulations. Randi Niedfeldt, a retired physician assistant in Wisconsin, has a great deal of confidence in the planes, despite the recent incidents.
Persons: , Margaret Burke of, Burke, , can’t, Sherry Kohn, ” Kohn, Randi Niedfeldt Organizations: Associated Press, NORC, for Public Affairs Research, Alaska Airlines Boeing, Max, Federal Aviation, Alaska Airlines, U.S . Department of Transportation, Airline, Boeing Locations: U.S, Oregon, Alaska, Margaret Burke of Pensacola , Florida, California, Pennsylvania, vacuums, Wisconsin
I asked my teenage sons to install an app that always shows their location. It prompted a family discussion about whether this was considered stalking or good parenting. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA few months ago, I asked my 17-year-old twin sons to install the Life360 app on their phones so I could see their locations. I still feel a little uneasy about using the app, but feel it is a good tool for parents to use until their children turn 18.
Persons: , Uber, Charlie, Thomas, didn't Organizations: Service Locations: Australia, United States
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: Dave, Katie Stockton Organizations: Buster's Entertainment, Fairlead, CNBC Pro, Securities
CNN —Britain’s Tyson Fury has postponed his undisputed heavyweight title fight against Ukraine’s Oleksandr Usyk after sustaining “a freak cut” above his eye during a sparring session, the fight promoters said in a statement. The clash between WBC champion Fury and WBO, WBA and IBF champion Usyk has long been anticipated in the boxing world since the winner would become the first undisputed heavyweight champion since Lennox Lewis in 1999. “I feel bad for everyone involved in this huge event and I will work diligently towards the rescheduled date once the eye has healed.”Fury suffered a cut above his eye in a sparring session. Zac Goodwin/PA/APThe bout had already been rescheduled once from its original December 23 date after Fury required more time to recover from a controversial, tougher than expected fight against former UFC heavyweight champion Francis Ngannou. Both fighters boast undefeated records with Fury winning 34 bouts and one draw since turning professional, and Usyk winning all 21 of his fights.
Persons: CNN — Britain’s Tyson Fury, Ukraine’s Oleksandr Usyk, Queensberry, Usyk, Lennox Lewis, , ” Fury, Zac Goodwin, Fury, Francis Ngannou, , Alex Krassyuk Organizations: CNN, WBC, Fury, WBO, WBA, IBF, UFC Locations: Saudi Arabia
The railroad Canadian Pacific Kansas City is poised to benefit from mounting disruptions to shipping in the Red Sea that are rerouting global trade routes, according to Redburn Atlantic. The railroad's land bridge through North America is an attractive alternative for cargo from Asia to the U.S. East Coast as the Suez and Panama canals face disruptions to traffic. Container shipping through the Red Sea was down 30% in mid-December due to repeated attacks by Iran-allied Houthi militants in Yemen, Holmes told clients. CPKC's land bridge through Mexico north to the U.S. shortens transit time by 10 to 14 days compared to the Panama Canal, Holmes wrote. "This route is materially faster (10-14 days) than going through the Panama Canal, especially when there are restrictions in place," he told clients.
Persons: Oliver Holmes, Holmes, CPKC Organizations: Canadian, Canadian Pacific Kansas City, U.S ., Ships, Kansas City Southern, CP Locations: Canadian Pacific Kansas, Lázaro, Coast, U.S . East Coast, North America, Asia, Suez, Panama, Iran, Yemen, Hope, Africa, U.S . East, Mexico, U.S
Wells Fargo downgrades Lululemon to equal weight from overweight Wells said in its downgrade of the stock that it sees less balanced risk/reward. Morgan Stanley downgrades Sea Limited to equal weight from overweight Morgan Stanley downgraded the Singapore-based tech conglomerate until its business outlook is clearer. Morgan Stanley upgrades Insulet to overweight from equal weight Morgan Stanley initiated the insulin pump therapy company and said it sees room for further gains. Wells Fargo reiterates Nike as overweight Wells says Nike is a top defensive pick for 2024. Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said Palo Alto shares have the poten tial to rise further.
Persons: Morgan Stanley, Mizuho, Wells, LULU, Roth, Evercore, Piper Sandler, Piper, NVDA, Goldman Sachs, Goldman, it's bullish, KeyBanc, Worthington Enterprises –, TD Cowen, Coinbase, underperform TD Cowen, Oppenheimer, Uber, Truist, Herc, Palo Organizations: West Bancorp, Bank of America, Union Pacific, US Bancorp, Motors, Mizuho, GM, UAW, UBS, Apple, Deutsche Bank downgrades Anheuser Busch InBev, Deutsche, Deutsche Bank, Airlines, Alaska, " Bank of America, Google, Walmart, Nvidia, AMD, European Partners, Coke, JPMorgan, of America, Magellan, MMP, Arrowhead Pharmaceuticals, Arrowhead Pharma, Worthington Steel, Worthington Industries, Worthington Enterprises, Barclays, Resources, Herc Holdings, United Rentals, Nike, Palo Alto, Palo Locations: China, Singapore, Indonesia
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