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ATHENS — Ships docked at Greek ports, and railway and bus services were disrupted on Wednesday as transport workers, hospital doctors, school teachers together with construction workers joined a nationwide strike to protest squeezed living standards and demand higher pay. Many Greeks saw their wages and pensions slashed in return for bailouts worth 280 billion euros ($297 billion) during a 2009-2018 debt crisis which shaved a quarter off Greece’s economic output and nearly pushed the country out of the eurozone. Workers were expected to protest in central Athens later on Wednesday. The strike comes as the government submits later on Wednesday its final 2025 budget to the 300-seat parliament for debate before a vote due next month. The draft budget sees economic growth of 2.3% next year and higher tax revenues thanks to expanding digital payments and booming property sales.
Persons: Kyriakos Mitsotakis, , Greece —, Mitsotakis Organizations: ATHENS — Ships, Workers Locations: ATHENS, Greece, Athens
Government crucial to Musk’s net worthIt’s worthwhile to ask just how much of his world-leading net worth comes from government help over the last 10 to 15 years. Tesla and SpaceX got started – and survived their early days – with assistance from state and federal policies, government contracts and loans. Tesla buyers received federal tax credits worth an estimated $3.4 billion before the perk disappeared entirely for Tesla buyers at the end of 2019. “Take away the subsidies, it will only help Tesla,” Musk posted on his social media platform X in July. According to USASpending.gov, the government database that tracks federal spending, SpaceX has signed contracts worth nearly $20 billion.
Persons: New York CNN — Elon Musk, Donald Trump, Musk, , Daniel Ives, SpaceX doesn’t, Tesla’s, Noah Berger, Tesla, Trump, ” Musk, Elon Musk, Frederic J . Brown, Ives, Brandon Bell, USASpending.gov, Casey Dreier, ” Dreier, “ Elon, Dreier, CNN’s Jackie Wattles Organizations: New, New York CNN, SpaceX, Trump, Government, Wedbush Securities, Reuters, Department of Energy, Biden, US, Tesla, Getty, NASA, International Space, Planetary Society Locations: New York, Fremont , California, Hawthorne , California, AFP, Brownsville , Texas, Russia
Oppenheimer's top stock picks heading into year-end
  + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com   time to read: +3 min
Meanwhile, the Dow Jones Industrial Average and the S & P 500 are each up more than 3% month to date. As November nears its close, Oppenheimer has updated its top stock ideas list. Its $145 price target reflects almost 22% upside from Tuesday's close. Oppenheimer believes medical technology company Transmedics is also due for a rally, as its $125 target reflects nearly 51% upside from Tuesday's close. TMDX YTD mountain TMDX, year-to-date For newly added Citigroup, Oppenheimer's $107 target implies more than 56% upside from Tuesday's close.
Persons: Stocks, Donald Trump's, Oppenheimer, Rob Lynch, Brian Bittner, Suraj Kalia Organizations: Oppenheimer, Nasdaq, Dow Jones Industrial, Citigroup, Oppenheimer's Locations: Instacart
AdvertisementMy spouse and I took our cars on the Amtrak Auto Train from Lorton, Virginia, to Sanford, Florida. I didn't sleep comfortably, but overall, I'd book this train ride again. Eventually, we looked into the Amtrak Auto Train, a passenger train that also transports vehicles. The Auto Train, one of Amtrak's most profitable routes, is a 17-hour ride that transports passengers between Lorton, Virginia, and Sanford, Florida. Here's what the experience on the Auto Train was like.
Organizations: Amtrak Locations: Lorton , Virginia, Sanford , Florida, Florida, Pennsylvania
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope’s auto giants face a ‘perfect storm’ of challenges, ING economist saysING's Rico Luman, a senior sector economist with a focus on transport, logistics and the automotive industry, discusses the future of Sweden’s ailing battery giant Northvolt and the outlook for Europe’s auto sector.
Persons: ING's Rico Luman Organizations: ING
Almost 80 million people will hit the roads and airways this Thanksgiving, with traveler numbers surpassing pre-pandemic levels, the AAA predicts. Journeys of 50 miles or more will be made by 79.9 million people in the holiday period — an increase of 1.7 million from last year and 2 million more than in 2019. "Thanksgiving is the busiest holiday for travel, and this year we’re expecting to set new records across the board, from driving to flying and cruising," Stacey Barber, vice president of AAA Travel said in a statement. The majority of trips, 71.7 million, will be by car, meaning 1.3 million more travelers will be on the road compared to last year. A record 5.84 million plan to fly, a 9% increase from 2019, with international flight bookings up 23%, the AAA said.
Persons: Stacey Barber, Bob Pishue, Hertz Organizations: AAA, AAA Travel, Phoenix Locations: Boston , New York, LA, Seattle, Washington, DC, Atlanta, Las Vegas , Los Angeles, Miami, Oahu, Orlando, Florida
Population density and topography obviously have a significant effect on construction costs. “There was also a lack of discussion over the chosen route, which could have followed existing highway corridors.”Rapidly rising construction costs have plagued major projects across the world in recent years. Signs placed on a fence by environmental activists protest against tree-felling operations for the HS2 rail link at Jones Hill Wood in Wendover, England, in April 2021. However, their efforts were in vain and only succeeded in significantly driving up construction costs. ‘Mutilated and pointless’Plans have been dropped for a proposed HS2 railway station at Meadowhall in Sheffield.
Persons: hoardings, Henry Nicholls, it’s, Christian Wolmar, , Ricardo Ferreras, , ” Ferreras, Wolmar, Chris Gorman, Wood, Mark Kerrison, Joe Giddens, Mike Kemp, Rishi Sunak, Anna Gowthorpe Organizations: CNN, Speed, Britain, WHOOSH, Station, London Times, ” Railway, CNN Travel, , Chiltern, New Economics Foundation, London Euston, Birmingham Airport, Crewe, Conservative, Labour, Birmingham, Sunak, Leeds, High Speed Rail, Hitachi, Alstom, Siemens, Euston, Treasury, Audit Office Locations: United States, Bordeaux, France, China, Japan, London, English, Birmingham, Jakarta, Bandung, London's, AFP, Britain, Ukraine, Europe, Spain, Great, England, Jones, Wendover, Buckinghamshire, Colne, Cross , Hertfordshire, Manchester, Leeds, Scotland, Wales, Euston, Crewe, Meadowhall, Sheffield, Midlands, Nottingham, Liverpool
CNN —President-elect Donald Trump announced Monday he has selected former congressman and recent Fox Business co-host Sean Duffy to serve as the next secretary of the Department of Transportation. He most recently was co-host of Fox Business’ “The Bottom Line,” after first joining Fox News as a contributor in 2020. Wednesday marked his last day appearing on Fox Business, and he interviewed for the role of transportation secretary later in the week, according to a source. In the role, Duffy would takeover the department from Secretary Pete Buttigieg, who was named to lead the department in February 2021. Campos-Duffy is the co-host of “Fox & Friends Weekend,” where she worked for years alongside Pete Hegseth, Trump pick for defense secretary.
Persons: Donald Trump, Sean Duffy, Duffy, Duffy’s, , , ” Trump, Pete Buttigieg, Elaine Chao, Duff, Rachel Campos, Campos, Pete Hegseth, Trump, CNN’s Brian Stelter Organizations: CNN, Fox Business, Department of Transportation, Congressional, Fox News, Trump, Republican, , Competence, Competitiveness, Beauty, National Security, ESPN, Fox, MTV, “ Fox, Friends, Republicans Locations: Ashland County , Wisconsin
Uzbekistan targets growth with expansion to its capital
  + stars: | 2024-11-18 | by ( Amy Gunia | ) edition.cnn.com   time to read: +5 min
CNN —About five million people live and work in Uzbekistan’s capital, Tashkent, making it the largest city in the country, and one of the most populous cities in Central Asia. The capital expansion, dubbed New Tashkent, could play an important role in helping the country create new jobs, draw investment and boost its economy. Growth through urbanizationIn 2017, Uzbekistan’s new president Shavkat Mirziyoyev launched an ambitious economic and social reform program. Sunset over Amir Temur Square in the center of Tashkent, Uzbekistan, September 15, 2016. Purpose-built innovation clusters are intended to catalyze the growth of target industries, while tourism areas aim to attract visitors.
Persons: ” Christine P, Chan, Shavkat Mirziyoyev, it’s, Amir Temur, ” Chan, Zaha Hadid, Hakan Agca, Agca, Organizations: CNN, Urban, Asian Development Bank, ADB, Getty, Economist Intelligence, Scientific Research, Amsterdam, London Locations: Tashkent, Central Asia, New Tashkent, Amir, Uzbekistan, , , Tashkent Twin
Tesla shares jumped on Monday following a report that President-elect Donald Trump's transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter. CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies. Full Self-Driving, or FSD, is Tesla's premium driver assistance system, currently available in a "supervised" version for Tesla electric vehicles. Trump's transition team is reportedly looking for policy leaders for the Transportation Department to develop a federal regulatory framework for self-driving vehicles, according to Bloomberg.
Persons: Elon Musk, Donald Trump, Tesla, Donald Trump's, Musk, Vivek Ramaswamy, Google's, Emil Michael, Sam Graves of, Garret Graves Organizations: Republican, U.S . Transport Department, Bloomberg, CNBC, Trump, National, Traffic Safety Administration, Transportation Department, White, Government, FSD, Uber Locations: Butler , Pennsylvania, U.S, Texas, California, Sam Graves of Missouri, Garret Graves of Louisiana
“Some Black Friday deals are misleading as retailers may inflate original prices to make a deal look like a better value,” said consumer savings expert Andrea Woroch. This year, in particular, some of the deals are already as good as they are going to get. Retailers plan to deliver your holiday deals a little slower this year. Travelers can check out Travel Tuesday deals from 2023 to get an idea of what to expect this year. If an item costs less at another store or popular site, often the retailer will match the price, Woroch said.
Persons: , Andrea Woroch, Adam Davis, Patrick Kelleher, Lauren Beitelspacher, ” Beitelspacher, “ we’ve, ” Davis, Lululemon, , Woroch, ” Woroch Organizations: National, Wells, Wells Fargo Retail Finance, , Consumers, DHL Supply, North, CNBC, Retailers, Babson College, Nike, , Day, Labor, Walmart, Target, Black Locations: Wells Fargo, North America
The Trump transition team is compiling a list of senior current and former U.S. military officers who were directly involved in the withdrawal from Afghanistan and exploring whether they could be court-martialed for their involvement, according to a U.S. official and a person familiar with the plan. The Trump transition team did not immediately respond to a request for comment. Afghan applicants crowd into the Herat Kabul Internet cafe seeking help applying for the Special Immigrant Visas program in 2021 in Kabul, Afghanistan. It’s not clear the Trump administration would pursue treason charges, and instead could focus on lesser charges that highlight the officer’s involvement. A military transport plane launches while Afghans who cannot get into the airport to evacuate are stranded in Kabul, Afghanistan, in 2021.
Persons: , Matt Flynn, Paula Bronstein, Donald Trump, , Joe Biden, Biden, Pete Hegseth, ” Hegseth, Marcus Yam, capitulating, It’s, Trump, Howard Lutnick, George Floyd Organizations: Trump, U.S, U.S ., Biden, Fox News, Warriors, Pentagon, Kabul International Airport, Los Angeles Times, Getty, Islamic State, NBC, Democratic Locations: Afghanistan, U.S, Herat Kabul, Kabul, United States, Syria
Today, he is best associated with Tintagel Castle, where remains of a settlement dating back to the fifth century perch strikingly on an islet off the wild coast of Cornwall. Bettmann Archive/Getty ImagesFor Stoyle, it’s likely that the myth of Arthur has at least its roots in fact. This Arthur was played by Clive Owen in the 2004 film, “King Arthur,” alongside Keira Knightley as Guinevere. The sixth-century “Artognou stone," discovered in 1998, has linked Tintagel with King Arthur for some scholars, though others dismiss it. Of course, medieval history writers were fast and loose with the facts.
Persons: CNN —, He’s, King Arthur, , Arthur’s, Arthur, France —, Tintagel, Merlin, they’d, There’s, who’ve, Mark Stoyle, Brittany —, , Stoyle, , Guinevere, Lancelot, Clive Owen, “ King Arthur, Keira Knightley, Gandalf, Dumbledore, Glastonbury Abby, Grant, indelibly, JFK's, Harvey Georges, Pierre Vinet, Sam Morgan Moore, Ben Birchall, Arthur . PaulMaguire, Keira Knghtley, Jonathan Hession, Gerhard Zwerger, King Arthur Prev, Geoffrey of Monmouth, Geoffrey —, Camelot —, Geoffrey, Mordred, Win Scutt, Earl Richard, Prince William . “ Earl Richard, Britain —, ” “ It’s, Arthur —, Scutt, Nicholas J, Higham, ” Higham, J.R.R, Tolkien —, laud, Gildas — “, ” Henry VIII, superfan Henry VIII, Oli Scarff, England’s King Henry VII, Richard III, he’d, , Prince, Wales — Arthur, Henry’s, England, Henry VIII, Henry, David’s, Elizabeth I, Stuart, Arthurs, ” Scutt Organizations: CNN, Celtic, Camelot, Cornwall Glastonbury, Wales Cadbury, Glastonbury Tor, Cadbury, Glastonbury Abbey, UK’s University of Southampton, Bettmann, Disney, Cornish, Bank, Getty, Royal Mail, Walt Disney Pictures, Avalon, English Heritage, University of Manchester, Britons, Glastonbury Locations: England, Europe, Britain, Scandinavia, Germany, France, Wales, Cornwall, southwesternmost, Tintagel, Tintagel Castle, Cornwall Glastonbury Abbey , Somerset Caerleon Castle, Wyddfa, Wales Cadbury Castle , Somerset Slaughterbridge, Island, Wales Winchester Castle, Hampshire, Edinburgh, Somerset, Caerleon Castle, Camelot, Mount Snowdon, Barfog, Glastonbury, Baschurch, Shropshire, Mynydd y Gaer, Bodmin, Las Vegas, Winchester, Caerleon, Cornwall’s, Avalon, Cornish, Greece, Turkey, London, Higham, AFP, Brittany, Ludlow, St
A customer visits Macy's Herald Square store in New York City during early morning Black Friday sales, Nov. 24, 2023. Consumers are increasingly concerned that their online orders may not arrive in time for the holiday — and rightfully so. What discounts to expect on Black Friday"You are easily going to see 20% to 30% off," Davis said — but "not necessarily storewide." What not to buy on Black FridayTypically, Black Friday is a great time to find rock-bottom prices on fall clothing — including flannels, denim, coats and accessories — as well as televisions and consumer electronics. Travelers can check out Travel Tuesday deals from 2023 to get an idea of what to expect this year.
Persons: Kena Betancur, Patrick Kelleher, Lauren Beitelspacher, Beitelspacher, we've, Davis, Lululemon, Woroch Organizations: Macy's Herald, Consumers, DHL Supply, North, CNBC, Babson College, Nike, Day, Labor Locations: New York City, North America
Views of the famed Taj Mahal in Agra, India, have been obscured by smog. New Delhi has a severe air quality level of 424, according to live rankings kept by Swiss group IQAir, the worst among global capitals. The city battles smog — a toxic mix of smoke and fog — every winter as cold air traps dust, emissions and smoke from illegal farm fires. Delhi flights faced delays, with tracking website Flightradar24 showing 88% of departures and 54% of arrivals were delayed as of Thursday afternoon due to smog. Lahore, the capital of Pakistan’s eastern province of Punjab, was rated the world’s most polluted city on Friday, in IQAir’s rankings.
Persons: Atishi, Taj, Pawan Sharma, stubble, Manish Swarup, ” Sahab Ram Organizations: DELHI, Delhi, Getty Locations: New Delhi, Agra, India, Amritsar . New Delhi, Swiss, Punjab, Haryana, Delhi, Punjab’s Fazilka, Lahore, Pakistan’s
Then, less than six hours after giving birth, O’Neil was wheeled through the labor and delivery unit to go home. Racial disparities persist, she added; for Black people, the preterm birth rate is 1.5 times higher than the rate among all other babies. Many of the regions with high preterm birth rates are maternity care deserts, Williams said. The US cities with high preterm birth rates also are “areas where there are many chronic conditions and patients living with a greater number of things like hypertension, diabetes, obesity – those are all drivers of preterm birth as well,” Williams said. “Every pregnant woman who lives in a maternal health care desert should be provided with access to a health care app that is monitored by remote providers.
Persons: CNN —, , Ashley O’Neil, O’Neil, Jorge, , , Vinson, ” O’Neil, , Amanda Williams, Williams, ” Williams, Gilbert, ‘ We’re, Lori Tremmel Freeman, prematurity, We’re, ” Freeman, Amanda Shafton, ” Shafton, Telehealth, ’ O’Neil, Kolin, Ashley ONeil, I’ll, ’ ” Kolin, don’t, O’Neil’s, Dr, Sanjay Gupta Organizations: CNN, US Centers for Disease Control, Dimes, United, Detroit, Cleveland, Affordable, Medicaid, National Association of County, City Health, Hospitalist, , OB, CNN Health Locations: Maryland, , United States, Mobile , Alabama, Ramapo , New York, Irvine , California, Gilbert , Arizona, NICU, Kolin
London CNN —King Charles III has marked his 76th birthday on Thursday by opening two food distribution hubs, as part of his Coronation Food Project that he launched a year ago in the hopes of bridging the gap between food poverty and food waste. Charles visited one of the new hubs in south London, which is hosting a “surplus food festival” where meals will be made using food that might otherwise have gone to waste. Since it was launched, the food project has worked with local charities FareShare and the Felix Project, and saved 940 tons of surplus food - the equivalent of 2.2 million meals. Charles speaks with staff at the new distribution center, designed to save and circulate surplus food and to support communities in need. King Charles treats his actual birthday in November like a normal working day, but the bonus of being the monarch means that he actually gets two.
Persons: London CNN — King Charles III, Charles, King, Sadiq Khan, Felix, Justin Tallis, , Princess, Wales, King Charles, King George II, George III Organizations: London CNN, Food, London, Getty, Royal, Commonwealth, King’s, Royal Horse Artillery, Honourable Artillery Company, CNN’s Royal, Guard’s Locations: London, Merseyside, England, United Kingdom, Samoa, Green Park, Westminster, Buckingham Palace
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCSX CEO: If tariffs change the trade portfolio as long as the economy is growing we'll be a part of itCSX CEO Joseph Hinrichs, joins 'Mad Money' host Jim Cramer to talk the company's network and route advantages, Investor Day, shipping and transport business and more.
Persons: Joseph Hinrichs, Jim Cramer Organizations: CSX
CSX CEO Joe Hinrichs discussed what a change in tariffs and manufacturing might mean for the railroad line in a Thursday interview with CNBC's Jim Cramer, explaining why he thinks his company is well-positioned. "From our standpoint, actually, as long as it's coming to the U.S., we're going to move it somewhere," Hinrichs said. "If tariffs change the trade portfolio — as long as the economy's growing, we'll be a part of it." President-elect Donald Trump is expected to raise tariffs substantially when he takes office, which could change trade patterns, especially with China. Hinrichs also suggested that an increase in domestic manufacturing would be positive for CSX, something that could be bolstered by the Trump administration's tariff policies.
Persons: Joe Hinrichs, CNBC's Jim Cramer, Hinrichs, Donald Trump, it's Organizations: CSX, Trump Locations: U.S, East Coast, China, West Coast, Chicago, Memphis, America
CSX CEO goes one-on-one with Jim Cramer
  + stars: | 2024-11-14 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
CSX CEO goes one-on-one with Jim CramerCSX CEO Joseph Hinrichs, joins 'Mad Money' host Jim Cramer to talk the company's network and route advantages, Investor Day, shipping and transport business and more.
Persons: Jim Cramer, Joseph Hinrichs Organizations: CSX
With some of these pressure points softening, food prices have cooled to rates comparable to before the pandemic. “Grocery prices have skyrocketed,” he said. “Until we can — if we can — fix climate change, there’s no way that food prices can come down,” he told CNN. In the past, grocery prices have come down primarily when “the economy is under duress” and people don’t have enough money to pay for groceries. Absent these kinds of scenarios, Trump is unlikely to get the actual food prices we pay back to where they were during his first term.
Persons: Joe Biden, Donald Trump, Trump, , , ” Trump, “ That’s, That’s, Phil Lempert, Vance, Lempert, Leo Feler, Feler, it’s “ Organizations: New, New York CNN, AP VoteCast, New York Economic Club, , Trump, CNN, University of California Locations: New York, Ukraine, Russia, Brazil, Mexico, Florida, California, China, Los Angeles
"We are seeing [deflation] to some extent," said Stephen Brown, deputy chief North America economist at Capital Economics. Energy prices and electronicsGasoline prices are also "way down," Zandi said. Consumers "could get more relief there because global oil prices are soft," Zandi said. Food prices are also generally underpinned by their own unique supply-and-demand dynamics, economists said. Lower energy prices can also take pressure off food prices, as it costs less to transport and distribute food to grocery store shelves.
Persons: Stephen Brown, Mark Zandi, women's outerwear, they've, Zandi, They've, Donald Trump's, they'd, Bacon Organizations: North, Capital Economics, U.S, Moody's, Finance, CPI, Bank of America, U.S . Energy Information Administration, Consumers Locations: U.S, North America, China
In just one hour, nearly a month’s worth of rainfall inundated the city of Malaga, in Spain’s Andalusia region, according to the country’s meteorological agency AEMet. The southern Spanish province picked up roughly 100 millimeters (4 inches) of rain so far on Wednesday, 78 millimeters (3 inches) of which fell within an hour. The Malaga City Council issued evacuation orders Wednesday near the Campanillas River due to the risk of overflowing. The coastal area of Valencia province has now been issued a red weather warning for Thursday. The City Council of Valencia announced that school activities are suspended throughout Valencia city and its districts this Wednesday and Thursday to avoid risks.
Persons: Antonio Sanz, Billie Jean King, Transport Óscar Puente, Carlos Mazón’s Organizations: CNN, Malaga City, Ministry of Transport, Sustainable Mobility, Billie Jean King Cup, Authorities, Spain’s, Transport, City Council of Valencia Locations: Spain, Valencia, Malaga, Andalucia ., Spain’s Andalusia, Spanish, Andalusia, Catalonia, Madrid, Poland, Granada, Tarragona, Seville, Cádiz, Huelva
Former Massachusetts Air National Guard member Jack Teixeira was sentenced Tuesday to 15 years for stealing classified information from the Pentagon and sharing it online, the U.S. Attorney for Massachusetts announced. According to court documents, Teixeira transcribed classified documents that he then shared on Discord, a social media platform mostly used by online gamers. Teixeira entered the Air National Guard in 2019 and held the rank of airman first class. He was based at Otis Air National Guard Base on Cape Cod, where he was assigned as a cyber transport systems journeyman. While the documents were discovered online in March 2023, Teixeira had been sharing them online since January of that year, according to prosecutors.
Persons: Jack Teixeira, Teixeira, Indira Talwani Organizations: Massachusetts Air National Guard, Pentagon, U.S, Attorney, Massachusetts, District of Massachusetts, Facebook, FBI, Air National Guard, Otis Air National Guard Base Locations: U.S, North Dighton , Massachusetts, Ukraine, Cape Cod
London CNN —Britain, birthplace of rail transport, will get its first ever luxury sleeper train touring England and Wales next summer. The 18 cabins, including three grand suites and 15 suites, will be of an exquisite opulence not before seen on Britain’s rails. The unique charm of train travel compared to other luxury transport options, however, is the sociability. The Cornwall itinerary, in England’s southwest tip, takes in the rugged coastline of Penzance and the charming villages surrounding Lostwithiel. The Lake District, regarded by many as England’s finest natural wonder, is filled with dramatic peaks and serene bodies of water.
Persons: Ottavia, Palomba, lounging, Simon Rogan, , Rogan, Richard Trevithick Organizations: CNN, London CNN, Wales, Albion Nord, Rail Locations: London, Britain, England, Cornwall, Lake District, Wales, Belmond, British, Victorian, Britain’s, South Wales, England’s, Penzance, Lake, Snowdonia, Pembrokeshire
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